Incredible "flash crash" in CLAMS today, losing 66% of its value in a couple hours.
A great example of why position sizing is the most important trading factor. The technical pattern here was great. I mentioned this in my video. It was holding a breakout and consolidating, then all of a sudden a total crash. Maybe it recovers, but if you put too much of your bankroll into any one trade, prepare for disappointment.
WHAT SHOULD MY TRADING SIZE BE?
Well it depends on your risk tolerance, but 1% or 2% risk for each trade is a good place to start where you won't be biting your nails.
That risk can either be calculated by the amount to reach your stop or total amount of money that you put up. For ICO and Crypto coins, you might not be able to get out until well after your stop is breached, so better to calculate your potential loss as the amount you actually have in the trade.
A great example of why position sizing is the most important trading factor. The technical pattern here was great. I mentioned this in my video. It was holding a breakout and consolidating, then all of a sudden a total crash. Maybe it recovers, but if you put too much of your bankroll into any one trade, prepare for disappointment.
WHAT SHOULD MY TRADING SIZE BE?
Well it depends on your risk tolerance, but 1% or 2% risk for each trade is a good place to start where you won't be biting your nails.
That risk can either be calculated by the amount to reach your stop or total amount of money that you put up. For ICO and Crypto coins, you might not be able to get out until well after your stop is breached, so better to calculate your potential loss as the amount you actually have in the trade.
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Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591