Hi All,
Does anyone know of a calculator/tool which will tell me how many consecutive losses my account could handle if I risk a certain percentage each trade? I know how to work this out manually, but f@#* me Olive, it takes me most of the day as my maths is CRAP!
So for example, I have a $10,000 account and risk 1% per trade (so a smaller $$ amount after every losing trade). How many losses does it take before I am at zero?
Again, I know how to work all this out on pencil and paper, but I'm playing about with something and would like to be able to get quick answers to varying % risks to be able to see for instance how many losses it will take to lose 20% or 30% of an overall account equity when I alter the risk %.
Any help would be greatly appreciated.
Does anyone know of a calculator/tool which will tell me how many consecutive losses my account could handle if I risk a certain percentage each trade? I know how to work this out manually, but f@#* me Olive, it takes me most of the day as my maths is CRAP!
So for example, I have a $10,000 account and risk 1% per trade (so a smaller $$ amount after every losing trade). How many losses does it take before I am at zero?
Again, I know how to work all this out on pencil and paper, but I'm playing about with something and would like to be able to get quick answers to varying % risks to be able to see for instance how many losses it will take to lose 20% or 30% of an overall account equity when I alter the risk %.
Any help would be greatly appreciated.