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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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Ah, the classic 'suddenly rips or dumps' scenario. My usual move is to wait for the dust to settle, because trying to catch that knife often feels more like a game of 'pin the tail on the donkey' with my entire trading account at stake. Good luck with your risk management, it's a lifelong quest.