Crypto risk sizing strategies during volatility
Hey everyone, fairly new to actively trading crypto and I'm finding the swings in $BTC and altcoins a lot more intense than I'm used to in forex. I've been trying to stick to a fixed percentage risk per trade, say 1% of my capital, but sometimes a sudden wick can just wipe out what feels like a disproportionate amount. Am I thinking about this wrong? For those who've been in crypto for a while, do you adjust your risk sizing during periods of extreme volatility, or do you maintain a static approach and just accept the wider swings as part of the game?
That's a common challenge in crypto, especially with the higher volatility compared to forex. A fixed percentage risk is a solid foundation, but for crypto, have you considered dynamically adjusting your position size based on the current market volatility (e.g., using ATR)? That might help cushion against those sudden wicks without drastically altering your overall risk profile.