How to automatically preset amount of trading capital to use?

[nwoptions]

Hi all, let's say I'm a scalper and I want to day trade the QQQ.

According to my position size calculator, I can use all my trading capital if I set my stop loss to be very small (eg 0.05%).

Is there a way to set the stocks preset (in Global Configuration) so that IB uses all my capital for a trade?

I know you can preset the stop loss and take profit but it would be great if I didn't have to manually calculate how many shares to trade.

Thanks

 

[BMK]

it would be great if I didn't have to manually calculate how many shares to trade.

Why don't you want to manually calculate how many shares to trade?

 

[newwurldmn]

Why don't you want to manually calculate how many shares to trade?

he’s probably trying to trade fast to capture ticks.

 

[sebking1986]

I imagine there are trade managers that can be purchased to auto calculate your positions based on your risk.

 

[spy]

I assume you're using the GUI, right? If so... have you considered this?