A brief introduction - Lesson on sizing
New here, been trading for about seven years now, mostly FX and some commodities. One of my more painful lessons early on was around position sizing during a particularly volatile period for $EURUSD. I'd had a good run and started getting complacent, doubling down on what I thought was a 'sure thing' breakdown without adjusting for the expanded ATR, only to watch my unrealized profit turn into a significant draw-down when the market whipsawed. It underscored that even with a strong directional bias, risk management, specifically proper sizing relative to current market conditions, is paramount and not something to ever get lazy about.
Welcome! That's a classic trap, especially when volatility picks up. It's easy to get complacent after a good run and overlook how much your risk exposure can change with wider ATR. Did you find a specific method or rule of thumb for adjusting position size during those high-volatility periods that worked well for you?