$HFT is up 6.3 percent today and I am passing on it

Volume is only 2.3M dollars which is too thin for clean size
The hourly ATR sits at 10.9 percent of price right now
That means standard noise destroys any tight stop you place
It is already 28.9 percent off the 7 day high of 0.009999

I want to see an hourly close and hold above 0.009999 first
Or I want a clean pullback that holds 0.005985 and bounces

It could keep running without you today
A bad entry costs more than a missed move

Chasing $HFT here or waiting for 0.005985

#HFT #RiskManagement