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3 Reports
Removing human judgment from position sizing eliminates one of the biggest sources of trading variance. The data on consistency-driven sizing is clear: it outperforms discretionary sizing over any meaningful sample size.
Dozens of position sizing tools exist online. Most get the pip value wrong for gold and indices — which means their lot size output is wrong for the instruments most retail traders actually trade.
Manual position size math on a live chart takes 30–60 seconds, requires three separate calculations, and introduces compounding error risk. A calculator eliminates all three problems in under 5 seconds.