Few alternate trade ideas for those that like to trade alts. Again I would not be loading up here, 2-3% overall risk is reasonable, 10% will lead to capital decay over time. Waited nearly a month for this, but patience pays off.
Position size = (Capital X % Risk) / (Buy Stop – Stop Loss)
Example Buy stop 20 – Stop loss 18 – 10k trading account – 1% risk trade = (10,000×0.01) / (20-18) = $100/$2 = 50 shares
Failing to manage risk is simply a strategy for failure!! Want to trade 3-4 instruments do 0.5% each.
Anyways a few alternate trade ideas, and we waited weeks for this. Personally XMR ATOM KAVA seem the best to me.
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