$DOT moves 1.5 percent every single hour and traders still guess their size
i see people drop whole stacks on a coin like $DOT without checking the hourly swing
on a one thousand dollar account you want to risk one percent which is ten dollars
the hourly average true range right now sits at 1.5 percent of the current price of 1.2080 dollars
that means a standard stop loss needs to sit about 0.018 dollars away to survive normal noise
divide your ten dollar max risk by that distance and your total position size comes out to roughly 555 dollars
never let a single hourly candle decide your whole account destiny
how do you usually calculate your position size before entering
#DOT #TradingTips
i see people drop whole stacks on a coin like $DOT without checking the hourly swing
on a one thousand dollar account you want to risk one percent which is ten dollars
the hourly average true range right now sits at 1.5 percent of the current price of 1.2080 dollars
that means a standard stop loss needs to sit about 0.018 dollars away to survive normal noise
divide your ten dollar max risk by that distance and your total position size comes out to roughly 555 dollars
never let a single hourly candle decide your whole account destiny
how do you usually calculate your position size before entering
#DOT #TradingTips