$BONK moves 2.3 percent an hour but you are probably sizing your trades like a lunatic
If your account is 1000 dollars you should never risk more than 10 dollars on one trade
With a 2.3 percent stop loss you divide your 10 dollar risk by 0.023
This means you can only put 435 dollars into the position to stay safe đ
Most people go sized carefully and get wiped by a single hourly swing
The current price of 0.00000342 does not matter as much as how much you lose if it drops
Size every trade by your account risk and not your feelings đ
Tap $BONK and check the hourly chart yourself
What is the maximum percentage of your total account you risk on a single setup?
#BONK #TradingTips
If your account is 1000 dollars you should never risk more than 10 dollars on one trade
With a 2.3 percent stop loss you divide your 10 dollar risk by 0.023
This means you can only put 435 dollars into the position to stay safe đ
Most people go sized carefully and get wiped by a single hourly swing
The current price of 0.00000342 does not matter as much as how much you lose if it drops
Size every trade by your account risk and not your feelings đ
Tap $BONK and check the hourly chart yourself
What is the maximum percentage of your total account you risk on a single setup?
#BONK #TradingTips