Using the right day trading software and day trading tools is critical.
Trades need to be executed at a lightning pace and to ensure you have the correct position size, you need a tool that can calculate how many shares to buy automatically.
Why do you need a position calculator tool?
- Preparation! A day trade level could take hours to reach or it can happen right at the opening bell. Knowing how many shares to buy for your first position will help you execute that trade faster.
- Multiple stocks on your radar could hit their price levels at the same time. Being able to quickly see all the stocks and how many shares to buy for them all is crucial.
- A stock you are currently in, could go against you and you need to know how many shares to buy at the next level for your second (or sixth) position. Knowing exactly how many shares to buy at multiple price levels in advance will help you capture maximum profits
LND Life Day Trade Position Calculator Features
Preset Position Sizes
Quickly be able to set the amount of your portfolio you want to risk.
Choose your position size, a helpful dropdown has a 1/6th, 1/5th and 100% you can quickly choose from.
This tool helps to ensure you protect your position size and you stay disciplined with your next positions.
Uses GoogleFinance functions to show you how far away the current price is to your price level.
Portfolio and Trade Tracker
Have a real time view of your entire portfolio, and the performance of each trade.
This tool can figure out your gains/losses whether it was a long trade or short trade.
Can also account for commissions if you use a brokerage that charges them.
See your average entry and exit price and your profit per share.
See what proportion of your portfolio is currently in a trade and a summary of your total gains/losses.
Built in Take Profit Target Calculator
See your target exit price for each price level, as well as the target exit price based on all positions/entires.
Free Cash Flow Budget vs Actual Tool
Look at best and worse scenarios and see your cash position at the end of each month.
Track your actual gains/losses, expenses to see how you perform versus your budgeted forecast.
Maximize Your Profits
Developed after hundreds of trades