Question on position sizing for the intraday swings
Hey everyone, still relatively new to active intraday trading, mostly been swinging equities on longer timeframes. I'm finding it tough to dial in position sizing for the faster moves, especially when I'm aiming for tighter stops and don't want to get wiped out on a string of small losses. I've been trying to use a fixed percentage of my account per trade, but it feels like the volatility on some of these intraday setups (like $NDX futures lately) makes that feel a bit too rigid. Do you adjust your position size based on the observed volatility of the instrument you're trading, or do you stick to a more fixed-dollar risk per trade across the board? How do you factor in the potential for slippage on those tighter stops?
Fixed percentage for intraday swings can be tricky, as you've found. Have you considered adjusting your position size based on the specific instrument's ATR, rather than a flat percentage of your account?