This "BareBones Position Sizing App" for Futures Would Be Most Welcome Online. ___________________________. Account Size ____ Trade Risk % ____ Stop Loss in Ticks ____ Tick Value ____ Output = No. Contracts ____ ___________________________. What's out there eats too much screen real estate. https://priceactiontracker.com/position-size-calculator/ https://riskcalculator.tools/futures/ http://positioncalculator.bedobi.com/#/#feedback
# 7 – Is My Position Size Calculated Properly? If you were trading the YM and you saw a trade opportunity that entailed a 15-point stop loss, how many contracts would you trade if you could take a market risk of $500 per trade (or 2% of $25k)? The answer is 6 contracts. Risk/stop loss = $ per tick value. $500/15 = $33 per tick. Each YM contract moves $5 per tick. So, to get close to $33 per tick, you need 6 contracts, as 6 x $5 per tick = $30 per tick. https://optimusfutures.com/tradeblog/archives/futures-trading-technical-analysis-diy-audit
You probably don't need an app for it. I'd find it helpful, others would as well. Daytrading fast charts, folks are juggling a few pins already. I'm still interested in this app.
What's your position sizing method? search term: position sizing trading https://yippy.com/search?query=position+sizing+trading
Minimal size you can handle to survive a 20-50% drop in the indices at any given time. The NQ can drop right back to 7000 at any point, for example (The low from March last year). Do the maths. 1 mini? You'd need high 6 figures in the account to survive the swing and not sweat the gonads off.
Yes sir. Gimme 700-900K in my account, and I will be comfortable swinging through a 7000 point drop in the NQ. Is that too conservative?