New here - trying to grasp position sizing with varying stop loss
asked by u/bogdan.varga · 4d · 1 answers
Hey everyone, new to the forum. Been trading small for a bit, mostly equities and some $EURUSD. I'm struggling with proper position sizing when my stop loss changes. If my risk per trade is fixed at, say, 1%, but my stop might be 0.5% away or 2% away depending on the setup, how do you guys adjust your share/contract count effectively without making it overly complicated? Are there simple tools or mental math tricks you use consistently?