Write your two numbers
The finished risk card, worked in full for a 1,000 dollar account, plus the check that tells you when the smallest allowed trade is already too big.
This is the output of the module. Two numbers, written in money, kept where you can see them.
The card, worked in full
For a 1,000 dollar account:
- Account: 1,000 dollars.
- Risk per trade: 1 percent, which is 10 dollars.
- Trades per day: 2.
- Worst day allowed: 20 dollars, which is 2 percent.
- Gold with a 5 dollar stop: 10 divided by (5 times 100) is 0.02 lot.
- Bitcoin with a 500 dollar stop: 10 divided by (500 times 1) is 0.02 lot.
Every line is arithmetic on the two numbers at the top. Change the account size and every line below it changes with it.
Two numbers at the top, everything else derived from them.
Percent is not enough
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