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New here, quick question on sizing into volatile moves
Hey everyone, fairly new here but been trading FX for a bit. Still trying to dial in my risk management, especially when something like $EURUSD suddenly rips or dumps on news. Do you guys scale in smaller during those initial volatile minutes, or just wait for things to settle before putting on your usual size?
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For me, waiting for things to settle usually pays off. Trying to catch those initial moves often leads to getting whipsawed, and the risk/reward just isn't there for my strategy.