New here, question about position sizing in high volatility
Hey everyone, just joined. I've been paper trading for a few months now, mostly on $EURUSD and $GBPUSD, and getting more comfortable with my strategy. The one thing that still throws me off, especially lately with the market choppiness, is position sizing when volatility spikes. My usual risk-per-trade percentage often leads to much smaller positions than I'd like, making the P&L feel insignificant even on good trades, but if I increase it, the stop loss feels too wide. How do you all adjust your position sizing and risk management in periods of significantly increased volatility without either overexposing or undersizing?
Welcome! That's a common dilemma. Have you looked into dynamic position sizing models that adjust based on current volatility, like using ATR to determine stop loss distance and then sizing accordingly? It can help keep your risk consistent even with wider stops.