If you’ve ever just plugged in a staking level of £1, because you couldn’t be bothered to calculate what it should be … then you need this fast, easy-to-use tool.
This very simple Excel spreadsheet allows you to enter three key pieces of information about your trade:
– the size of your trading fund
– your risk profile and
– the distance to your stop level.
It will then automatically calculate what your stake should be, and tell you exactly what your risk is on that trade.
To be successful at trading, it’s vital to calculate your stake for each and every trade. That way, as your account size grows, you can increase your stakes, and taking advantage of the power of compounding.
If you’re staking too small, then you’re letting your trading fund languish.
Even worse … if you’re staking too big …
There’s no easier way to wipe out your account than by trading with stakes that are too high. The Trader’s Bulletin spread betting calculator allows you to enter in your risk profile (it’s recommended that this should be between 1 and 2%), so you can always keep a tight grip on your finances.
Just another great free tool that you get access to as a Trader’s Bulletin member!