$LTC moves 0.6 percent an hour and traders still guess their size
You are losing money not because the direction is wrong but because your math is lazy
Look at a standard account with one thousand dollars on it
Risking one percent means you can only lose ten dollars on the trade
The hourly swing sits at 0.6 percent which puts current price at 70.4300 dollars
Dividing that ten dollar risk by the hourly move gives you the exact position size to use
Never trade a flat dollar amount when volatility tells you how wide the door is
What is your personal rule for sizing a trade today
Open $LTC and set an alert at that level
#LTC #TradingTips
You are losing money not because the direction is wrong but because your math is lazy
Look at a standard account with one thousand dollars on it
Risking one percent means you can only lose ten dollars on the trade
The hourly swing sits at 0.6 percent which puts current price at 70.4300 dollars
Dividing that ten dollar risk by the hourly move gives you the exact position size to use
Never trade a flat dollar amount when volatility tells you how wide the door is
What is your personal rule for sizing a trade today
Open $LTC and set an alert at that level
#LTC #TradingTips