Not in terms of position sizing position size it is very important.
It depends if you're trading as a trader or if you are trading in the street trader.
So as a daytrader your position size doesn't really matter.
Let's put it that way.
When you find a trade that matches all the parameters that we discussed Sanchez consolidation breakup
a bit of that comes with a nice green handle with volume like we have seen here again this is the hour
on the chart.
You should be looking at Day 1 minute chart but this is for simplicity of fusee.
So you put in the breakout.
Q Given all you have I mean in either Menier anti-guard account but put Manini because remember us you're
going to know you're not going to be there all that night.
You just want to hold it for in 20 minutes half an hour an hour two hours the most to get to be watching.
And make sure you keep your Stop-Loss pedicab.
Yeah.
If Price reverses you know after the blackout you want to give a little bit of wiggle room.
So if you enter
the six about six thousand right here so you put all your six thousand in here.
So you buy one coin make sure you know price one wipe out your 6000 by losing three four or five hundred
dollars.
OK.
So if when you enter you want price to move the direction of your prediction you have all the conditions
in mind.
The breakout the volume money flows going up.
Moving Averages are confirming in the specialty see volume coming in.
Yep and price makes higher highs and lows and highs and lows and BATNA it's it's holding the price up.
So this is very very important state that trade with that amount of money.
Okay.
And then they profit Choros one price which is their existence close close all they get all these can
cause quite a bit of stress because you are putting quite a bit of money.
So the way to reduce the stress is keep your position small and first your position was small first.
So when you are practicing practice is more position and say you have an account of $10000
the risk of I should say invest a thousand dollar so you have $1000 invested in bitcoin for example
and the rest 9000 are cash available for that investment.
Or to put it somewhere else.
I think that is 1000 in 1000.
And you and then your position your or you know stop losses in your target.
So everything is more the depositional is too big of you know what you will know because if price is
not behaving the way you are expecting and you start getting very uncomfortable to the point where you
said you don't sleep you have difficulties with your your body your mind all these troubles caused by
emotions.
Your position is to be so make your position size even smaller.
The smaller the position the easier it is to control the emotions that arise from it.
So this is a key piece.
Don't make don't have to be a position small position is better especially first and then when you get
better and better iterating is a daytrader all the fact all the commercials meet your parameters then
give it all you have.
So if your if your position size is 1000.
But you know for that 10 15 20 minutes give it 2000 give it three thousand if you are confident that
all the parameters are in place as you said before an account with volume caring can go either a hammer
or a in golf in impressment continues to move higher.
And you have a price and you have a target a fine it is three four times that is significant.
And in that situation keep your Stop-Loss pretty tight.
You don't want price to reverse and wipe you out.
Doesn't work doesn't work normally in the Orient and it doesn't work walk away from it.
They could walk in this business three strikes and you're out.
So if you tried three trades and things don't work.
Walk away with tomorrow go back and revisit why would you do it.
What was your emotional state.
What what problems you ran into it and so analyze the trading pattern and learn from it.
This is called Germany.
So these are things we want to consider when we take that important analyze position size and the wonky.