$SEI moves 0.8 percent an hour and most traders guess their size instead of doing the math
A one hour swing on $SEI is 0.8 percent of price which sits right at $0.04776 right now
Let us say your account is 1000 dollars and you only want to risk 10 dollars on a trade
That 10 dollars is 1 percent of your total account value
If you place your stop loss at the 1 hour ATR distance which is 0.8 percent away
Your position size is your risk amount divided by your stop distance
Ten dollars divided by 0.8 percent gives you a 1250 dollar position size on $SEI
Never risk more than your plan allows just because the coin looks quiet
What is your exact risk limit per trade
#SEI #TradingTips
A one hour swing on $SEI is 0.8 percent of price which sits right at $0.04776 right now
Let us say your account is 1000 dollars and you only want to risk 10 dollars on a trade
That 10 dollars is 1 percent of your total account value
If you place your stop loss at the 1 hour ATR distance which is 0.8 percent away
Your position size is your risk amount divided by your stop distance
Ten dollars divided by 0.8 percent gives you a 1250 dollar position size on $SEI
Never risk more than your plan allows just because the coin looks quiet
What is your exact risk limit per trade
#SEI #TradingTips