Size a trade correctly

Works out the exact size so the loss at your stop equals the risk you chose, rather than the risk you felt like taking.

The prompt

Account £[X], 1% risk. [instrument] entry [E], stop [S]. Give the exact position size, show the steps.

Replace [X], [instrument], [E], and [S] with your own numbers.

Before you act on the answer

Check the arithmetic against the Position Size Calculator before you act on it. An AI can be confidently wrong about numbers.

Do I understand why? · Can I verify it? · What if it’s wrong?
If you can’t answer all three, you don’t act yet.