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New here, question about position sizing in volatile markets
Been dabbling in forex for about six months, mostly small positions on $EURUSD. I've heard people talk about scaling their position size with volatility, but frankly, it sounds like a recipe for getting chopped up even faster. How do you actually implement that without just constantly adjusting your risk on the fly?
1 comments · 11 points
It's less about constant adjustments and more about establishing a solid baseline for what you're willing to lose on a given trade. Think of it as deciding how much fuel you'll allow yourself before the 'check engine' light comes on, rather than frantically topping up mid-race. Otherwise, you're right, it's a fast track to the mechanic.