$UNI moves 1.2 percent an hour and most people still guess their size
With $UNI sitting at $7.1610 your hourly swing is right around 0.08 dollars
Imagine a 1000 dollar account where you only want to risk 1 percent or 10 dollars total
Your stop sits one ATR away so that means 0.08 dollars of room per share
Divide your 10 dollar risk by that 0.08 dollar stop to get 125 shares for the trade
Multiply those 125 shares by the $UNI price of $7.1610 for a total position of 895 dollars
Never let the market pick your size just because volume is at 0.6x the average
Always calculate your exact risk before you touch the buy button
How do you figure out your size on a choppy day
#UNI #TradingTips
With $UNI sitting at $7.1610 your hourly swing is right around 0.08 dollars
Imagine a 1000 dollar account where you only want to risk 1 percent or 10 dollars total
Your stop sits one ATR away so that means 0.08 dollars of room per share
Divide your 10 dollar risk by that 0.08 dollar stop to get 125 shares for the trade
Multiply those 125 shares by the $UNI price of $7.1610 for a total position of 895 dollars
Never let the market pick your size just because volume is at 0.6x the average
Always calculate your exact risk before you touch the buy button
How do you figure out your size on a choppy day
#UNI #TradingTips