Calculate the exact quantity of shares or lots to trade based on your portfolio risk appetite. Eliminate emotional over-leveraging and protect capital on TakeMyTip.
Professional hedge funds and institutional traders never ask *"How much can I make on this trade?"* Instead, they always ask *"How much can I lose if I am wrong?"* By fixing your risk per trade to 1% or 2% of your total trading capital, you can endure a losing streak of 10 consecutive trades while still retaining over 90% of your account capital.
The Golden Formula
Position Size (Quantity) = (Account Capital × Risk %) / (Entry Price - Stop Loss Price)
Take My Tip