$NEAR moves 2.1 percent an hour and most traders still guess their size
You are risking way too much money when volatility is this high
Look at $NEAR sitting right at 5.7760 dollars after moving up 10.5 percent today
If you run a 1000 dollar account and want to risk just 1 percent that is 10 dollars total
The 1h ATR on $NEAR is 2.1 percent which means a normal hourly swing is 0.12 dollars away from the current price
Divide your 10 dollar max risk by that 0.12 dollar move and you get a size of about 83 tokens
That total position is worth 480 dollars of your 1000 dollar account not the whole thing
Size your next trade by the actual hourly ATR instead of using a random amount
How do you usually calculate your risk per trade
#NEAR #TradingTips
You are risking way too much money when volatility is this high
Look at $NEAR sitting right at 5.7760 dollars after moving up 10.5 percent today
If you run a 1000 dollar account and want to risk just 1 percent that is 10 dollars total
The 1h ATR on $NEAR is 2.1 percent which means a normal hourly swing is 0.12 dollars away from the current price
Divide your 10 dollar max risk by that 0.12 dollar move and you get a size of about 83 tokens
That total position is worth 480 dollars of your 1000 dollar account not the whole thing
Size your next trade by the actual hourly ATR instead of using a random amount
How do you usually calculate your risk per trade
#NEAR #TradingTips