Decide what you're willing to lose first, then size the trade to fit it. Riskwise gives you the exact position size so a stop-out costs only what you decided — not a cent more. Everything runs in your browser.
01 Your trade
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$
$
$
02 Your position
Position size
0shares
enter your trade to size it
Risk amount (max loss)$0
Risk per share$0
Position value$0
% of account deployed0%
How this works. Position size = risk amount ÷ risk per share, where risk per share = |entry − stop|. You decide the most you're willing to lose on the trade (a % of your account, or a fixed dollar amount); Riskwise then tells you how many shares to buy so that if your stop is hit, you lose exactly that — no more. This keeps any single trade from blowing up your account. Figures are estimates and ignore commissions, slippage, and gaps past your stop. Stops are not guaranteed fills. Nothing here is financial advice — always size to your own plan.