$TRUMP moves 1.5 percent an hour and most people size it like a stablecoin
That hourly ATR is your shield if you know how to read it
Say you have a 1000 dollar account and want a clean risk
You put your stop one ATR away at the recent low of 1.0410
Risking 1 percent of your account means you can only lose 10 dollars
Since the stop is 1.5 percent away from the current 1.0740 price
You divide your 10 dollar risk by that 1.5 percent move
That gives you a total position size of about 666 dollars
Most traders just guess a random amount and blow up on the first swing
Calculate your risk before you enter or the market will do it for you
Open $TRUMP and set an alert at that level
What risk percentage do you use per trade
#TRUMP #TradingTips
That hourly ATR is your shield if you know how to read it
Say you have a 1000 dollar account and want a clean risk
You put your stop one ATR away at the recent low of 1.0410
Risking 1 percent of your account means you can only lose 10 dollars
Since the stop is 1.5 percent away from the current 1.0740 price
You divide your 10 dollar risk by that 1.5 percent move
That gives you a total position size of about 666 dollars
Most traders just guess a random amount and blow up on the first swing
Calculate your risk before you enter or the market will do it for you
Open $TRUMP and set an alert at that level
What risk percentage do you use per trade
#TRUMP #TradingTips