$UNI moves 1.3 percent an hour and most people still guess their position size
Here is how you do the math on a $1,000 account so a normal hourly swing does not wreck you
Risking 1 percent of that account means you can lose ten dollars on the trade
The 1h ATR is 1.3 percent which puts the stop right around nine cents away from the 6.9830 price
Divide that ten dollar risk by the nine cent stop distance and you get roughly one hundred and eleven tokens to buy
Keep your risk fixed before you ever look at the chart
What maximum percent do you risk per trade
Tap $UNI and check the hourly chart yourself
#UNI #TradingTips
Here is how you do the math on a $1,000 account so a normal hourly swing does not wreck you
Risking 1 percent of that account means you can lose ten dollars on the trade
The 1h ATR is 1.3 percent which puts the stop right around nine cents away from the 6.9830 price
Divide that ten dollar risk by the nine cent stop distance and you get roughly one hundred and eleven tokens to buy
Keep your risk fixed before you ever look at the chart
What maximum percent do you risk per trade
Tap $UNI and check the hourly chart yourself
#UNI #TradingTips