Decide what you are prepared to lose if your stop fills, and get the position size that keeps the loss there.
The budget, split between the move to your stop and the costs you allowed for.
Size is rounded down to six decimals, so the total stays inside your budget.
| Line | Amount |
|---|---|
| Loss if the stop fills | $47.62 |
| Costs allowed for | $2.38 |
| Total at risk | $50.00 |
| Position size | $1,190.48 |
| Margin at 3x | $396.83 |
Take the plan to a real ticket. The order form can size from a stop as well; review it before you send.