Proper trading money management is the missing link for most unsuccessful traders. This money management calculator solves this problem.
Description: The fixed dollar calculator, calculates the how many shares to buy based on a fixed dollar amount.
Example: I have $10,000 to invest. ABC stock is $10.00 per share. I want to go Long. My portfolio is valued at $100,000. Broker comm. is $6.99 per trade. Based on this, I can buy 1,000 shares of ABC. It will cost me $10,007 and comprise 10.01% of my portfolio. If I set my Stop Price at $7.00, the risk to my overall portfolio is $3,014 which is 1.5% of portfolio value.