Disclaimer: Please note that there are risks involved when trading financial instruments and all information presented here is for educational purposes only. It is not intended to provide financial advice.
In just a few simple steps, you can calculate the correct lot size or contract amount for your trade depending on your desired risk. Removing the human error from sizing is the fastest way to achieve consistency.
Select the instrument you're trading. If trading futures, this will automatically adjust for standard tick values and point multipliers.
Fill in the exact entry and stop loss prices for your planned trade to determine the absolute distance.
Fill in the size of your account (or your prop firm max drawdown limit).
Select your desired risk (either % of your account balance or a fixed monetary amount). Professional traders typically risk 1% or less.
Click "Calculate Position Size" and let our algorithmic calculator do the hard math for you instantly.