Your entry is only half the trade. Position size matters too.
A trader can have a reasonable setup and still take unnecessary risk by using an oversized position.
The free Trading Turtle Position Size Calculator helps estimate position size from:
• Account balance
• Risk per trade
• Entry price
• Stop loss
• Trade direction
• Futures leverage
It can be used for stocks, spot and futures positions.
The idea is simple:
Decide how much you are willing to lose before deciding how much you want to trade.
