What is Raycast Position Size Calculator?
Position Size Calculator is a Raycast extension that helps traders quickly determine the position size for their trades. It factors in trading capital, risk tolerance, and methods for defining stop loss and target levels, ensuring effective risk management.
Problem
Traders manually calculate position sizes using spreadsheets or basic calculators, leading to time-consuming processes and potential errors in risk management.
Solution
A Raycast extension tool that calculates optimal position sizes by inputting trading capital, risk tolerance, stop-loss, and target levels, streamlining trade planning.
Customers
Active day traders, portfolio managers, and financial analysts who prioritize precise risk management and use Raycast for workflow efficiency.
Unique Features
Integrated with Raycast for instant access, supports multiple risk-calculation methods (fixed price, ATR percentage), and auto-saves historical calculations.
User Comments
Saves time on manual calculations
Reduces risk management errors
Intuitive interface within Raycast
Essential for disciplined trading
Customizable risk parameters
Traction
Launched on ProductHunt with 200+ upvotes and 50+ installs in the first week
Market Size
The global algorithmic trading market, which includes risk management tools, was valued at $20.8 billion in 2023 (Grand View Research).
