You can make your own or download this excel.
What should be your ideal trade capital ?
It should be 10% of your total capital.
What should be your ideal loss per trade ?
It should be 10% of your capital investment in the trade.
For ex. If you have a capital of Rs20,000.
Your trading capital should be Rs2,000 and your max loss per trade should be Rs200.
this brings your max loss down to 1% of your total capital.
Using this technique you could easily minimize the amount of loss you make in stock market and also safeguard your trading capital.
In trading there is 45 day rule.
According to this rule after 45 consecutive losses in trading, for 46th trade you still should hold over 50% of your capital.
In this case it it Rs10,000. Our loss per trade is Rs200 which brings our 45 day loss to Rs9,000. Which means we still have 55% of our total capital left to trade with.
Always remember, safeguarding your capital is primary objective, profit is secondary.
Trade wisely ! And enjoy the easy to use calculator.
For eg, I take Redington.. And i entered at 155..but how will a common man define Target or stoploss. The one who knows a little bit of depth can use it.. Do you feel it still needs some rethinking.?