![]() The more variables you can control in a trade, the less likely you are to screw up and lose a lot of money, and the more consistent and predictable your returns will be. ![]() This is a recipe for disaster in trading. One issue many new traders face is inconsistency - especially having losing trades that are larger than their winners. ThinkOrSwim Position Sizer for Risk Management and Money Management WORKS WITH FUTURES, STOCKS, AND ETFs! The ThinkOrSwim Position Sizer is a VERY important ThinkScript I made that allows me to instantly know what my entry, stop, target, and position size should be in order to maintain an equal risk on every trade I take.
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