$ALGO moves 1.7 percent an hour and most traders size it wrong
Position sizing is the only shield you actually control
Say you have a 1000 dollar account and want 1 risk
The 1h ATR on $ALGO sits at 1.7 percent right now
That means a normal swing takes price 0.00213 dollars away
Place your stop right there below the recent low of 0.11620
Divide your 10 dollar risk by that exact distance to find size
Too many traders guess this math and blow up on chop
What position size do you use on a normal hourly swing
#ALGO #TradingTips
Position sizing is the only shield you actually control
Say you have a 1000 dollar account and want 1 risk
The 1h ATR on $ALGO sits at 1.7 percent right now
That means a normal swing takes price 0.00213 dollars away
Place your stop right there below the recent low of 0.11620
Divide your 10 dollar risk by that exact distance to find size
Too many traders guess this math and blow up on chop
What position size do you use on a normal hourly swing
#ALGO #TradingTips