Understanding Position Sizing in Volatile Markets

It's easy to get carried away in high-momentum plays, but consistently overlooking proper position sizing is a fast track to account blow-ups. Especially with assets like $CRV, currently trading around $0.2156, where the daily range can be quite significant, determining your risk per trade before entry is crucial. A simple rule of thumb: never risk more than 1-2% of your total capital on any single trade, irrespective of your conviction. This disciplined approach ensures that even if you're wrong on a few consecutive trades, your capital base remains largely intact to participate in future opportunities.