$DOGE moves 0.6 percent an hour. Most people size it like a stablecoin
You look at $DOGE trading at 0.07912 and you want to risk a trade
On a 1000 dollar account risking 1 percent means losing 10 dollars max
The 1h ATR on $DOGE is 0.6 percent which gives us our stop distance
That is about 0.00047 away from your entry price
Divide your 10 dollar risk by that stop distance to find your exact size
Position sizing saves your account before the market even opens
What is your maximum risk per trade on $DOGE right now
#DOGE #TradingTips
You look at $DOGE trading at 0.07912 and you want to risk a trade
On a 1000 dollar account risking 1 percent means losing 10 dollars max
The 1h ATR on $DOGE is 0.6 percent which gives us our stop distance
That is about 0.00047 away from your entry price
Divide your 10 dollar risk by that stop distance to find your exact size
Position sizing saves your account before the market even opens
What is your maximum risk per trade on $DOGE right now
#DOGE #TradingTips