Description:Calculates number of shares to buy based on a fixed percentage of portfolio value.
Example:My Portfolio Value is $100,000. I want to allocate 5% of my portfolio to my next Long trade. The Share Price is $10.00 and commission is $6.99. Based on this, I can buy 500 Shares at a cost of $5,007. Portfolio Percentage is 5.01%. If I put a Stop Loss at $8.00, my Stop Loss Portfolio Risk is $1,014 or 1.0%