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.
Position Sizing Calculator
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!”