What is the Position Size Calculator?
The Position Size Calculator is a simple tool to determine how many shares you should order, based on your personal specifics (explainer article here):
- Enter Details: Input the stock symbol (optional), choose the currency (USD or AUD), enter your entry price, stop loss price, and the amount you’re willing to risk in AUD.
- FX Rate: If you’re trading in USD, the calculator will automatically load the latest exchange rate to AUD.
- Commissions: Add any fixed, tiered, or per‑share commissions to get a more accurate calculation.
- Calculate: Click the “Calculate Position” button, and the tool will display how many shares you should buy along with the total position value in AUD.
This tool helps you manage risk effectively by ensuring you don’t overexpose yourself in any trade.