$NEIRO moves 0.7 percent an hour. Most people size it like a lottery ticket
Your 1h ATR is right there on the chart
It tells you the normal noise for the hour
Say you have a 1000 dollar account and want to risk 10 percent
No wait you only risk 1 percent so that is 10 dollars
The hourly swing is 0.7 percent of the price
That gives you your stop distance
Divide your 10 dollar risk by that move size
That tells you the exact position size to use
If you guess the size you just gamble
Math keeps you in the game longer
Open $NEIRO and set an alert at that level
How do you usually figure out your size before a trade
#NEIRO #TradingTips
Your 1h ATR is right there on the chart
It tells you the normal noise for the hour
Say you have a 1000 dollar account and want to risk 10 percent
No wait you only risk 1 percent so that is 10 dollars
The hourly swing is 0.7 percent of the price
That gives you your stop distance
Divide your 10 dollar risk by that move size
That tells you the exact position size to use
If you guess the size you just gamble
Math keeps you in the game longer
Open $NEIRO and set an alert at that level
How do you usually figure out your size before a trade
#NEIRO #TradingTips