$WLD moves 2.2 percent an hour. Most people size it like a stablecoin
Here is the math on a 1000 dollar account
At $0.55550 the hourly swing is 2.2 percent
That means a tight stop needs to be at least 2.2 percent away to avoid noise
Risking 1 percent of your account means losing 10 dollars if that stop hits
Divide your 10 dollar risk by the 2.2 percent distance
That gives you a total position size of around 454 dollars
Most traders skip this and just buy whatever feels right
Always calculate your risk before you open the trade
Do not take my word for it, tap $WLD and look at the candles
What percent of your account do you risk on each position
#WLD #TradingTips
Here is the math on a 1000 dollar account
At $0.55550 the hourly swing is 2.2 percent
That means a tight stop needs to be at least 2.2 percent away to avoid noise
Risking 1 percent of your account means losing 10 dollars if that stop hits
Divide your 10 dollar risk by the 2.2 percent distance
That gives you a total position size of around 454 dollars
Most traders skip this and just buy whatever feels right
Always calculate your risk before you open the trade
Do not take my word for it, tap $WLD and look at the candles
What percent of your account do you risk on each position
#WLD #TradingTips