Hey everyone! I’m a new trader ( 4th week in sim ). I’ve been thinking a lot about risk/share size and I thought of a really straightforward program that calculates share size based on your max loss per trade dollar amount and I wanted to share it.
Take for example $CAG today. Say you wanted to take an ORB at $31.55, setting your stop loss at $31.30 below VWAP.
So, we are risking .25 cents per share
The program has one input. "Enter Max Loss"
So, say that the maximum