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New here, struggling with position sizing given varying stop distances.
Hey everyone, just joined. Been dabbling for a bit, mostly on $SPY options and some $TSLA. One thing that consistently trips me up is position sizing when my stop loss varies significantly. If I'm risking, say, 1% of my account per trade, and sometimes my stop is 50 cents away, other times it's $5, I end up with wildly different share counts. Am I overthinking this, or is there a standard way folks adjust their share count based on stop distance to keep the dollar risk consistent? Thanks in advance.
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