RISKFIRST
Free trader's toolkit — size every trade by the numbers. ← Paper Plane Workshop
Reminder: Educational / backtesting use only. Not financial advice. Do your own research before risking real money.

Position Size & Risk Calculator

Work out exactly how big your trade should be so a stop-out only costs your planned risk.
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Position size
Amount at risk
Risk per unit (entry → stop)
Position value
Formula: position size = (account × risk %) ÷ distance to stop. Risk a fixed small % (pros use 1–2%).

Risk / Reward Calculator

See your reward-to-risk ratio and the win-rate you’d need just to break even.
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Reward : Risk
Risk (entry → stop)
Reward (entry → target)
Breakeven win-rate needed
Aim for at least 1:1 — ideally 1:2 or better. Breakeven win-rate = 1 ÷ (1 + reward-to-risk).

Compound Growth

See how a steady average gain (or loss) per trade compounds over time.
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Ending balance
Total return
Profit / loss
Compounding cuts both ways — a steady negative edge shrinks the account just as fast. This assumes a constant average; real results vary trade to trade.

Drawdown Recovery

The brutal math: a loss needs a bigger gain to get back to even.
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Gain needed to recover
Formula: required gain = drawdown ÷ (1 − drawdown). This is why protecting capital beats chasing gains.

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