This "BareBones Position Sizing App" for Futures Would Be Most Welcome Online.

# 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
 
easymon1 said:
# 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
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This is all math that can be done in yer head, in an instant. Why do we need an app for it?
 
Overnight said:
This is all math that can be done in yer head, in an instant. Why do we need an app for it?
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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.
 
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Overnight said:
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.
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That's your position sizing method?
 
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