After journeying across the globe with Newbie Ned, and through some basic position sizing examples, you’re well on your way to becoming a seasoned risk manager.
Now knowing how to set the correct position sizes is only a part of what it takes to become a pro at risk management.
The other part is discipline.
Stick to your stops and pre-determined risk comfort levels and you’ll be sure to have enough after your losses to take advantage of profitable opportunities.
Finally, we know that you won’t always have a calculator handy or a position sizing feature included with your trading platform, so we here at BabyPips.com have decided to take it upon ourselves and have built a handy-dandy position sizing calculator for you!
Bam! Aren’t we cool? C’mon… Time to start a slow clap… Okay, nevermind.
Use the calculator if you need it…
Actually, use it first every single time you decide to put a trade on.
As the old adage goes, “Better be safe than sorry!”