$CFX drops 9.9 percent today and folks still guess their size
The hourly swing sits at 1.1 percent of price right now
That means a tight stop needs to breathe that exact amount
Say your account holds 1000 dollars total
Risking 1 percent means losing 10 dollars if the trade fails
Divide that 10 dollar risk by the 1.1 percent swing distance
Your total position size should be roughly 909 dollars
Most traders just guess a round number instead and blow up
Open
$CFX and set an alert at that level
What position size rule do you use on every single trade
#CFX #TradingTips