$APT swings 1.6 percent every hour and people still guess their size
Most traders blow up because they trade the same dollar amount instead of the same risk
Take a thousand dollar account and risk one percent which is ten dollars
The current hourly average move is 0.013 dollars away from the current price of 0.85940
Divide that ten dollar risk by that hourly move distance
That gives you a size of roughly seven hundred and sixty coins for that trade
Always base your position size on the distance to your stop and not on your feelings
What is your exact formula for every single trade
Open $APT and set an alert at that level
#APT #TradingTips
Most traders blow up because they trade the same dollar amount instead of the same risk
Take a thousand dollar account and risk one percent which is ten dollars
The current hourly average move is 0.013 dollars away from the current price of 0.85940
Divide that ten dollar risk by that hourly move distance
That gives you a size of roughly seven hundred and sixty coins for that trade
Always base your position size on the distance to your stop and not on your feelings
What is your exact formula for every single trade
Open $APT and set an alert at that level
#APT #TradingTips