THE PUNJABFX TOOLKIT
Put numbers
around your risk.
A position-sizing calculator and a simple trading journal. Practical tools for hypothetical planning, with the assumptions in plain sight.
01 / POSITION SIZE
Risk calculator
Use the pip value supplied by your broker, expressed in your account currency for one lot. Values vary by instrument and currency.
ILLUSTRATIVE POSITION SIZE
Lots, rounded down to your chosen increment
Select Calculate to see an example. This is not a recommended risk level.
The calculation excludes commissions, spread, slippage, financing and margin requirements. Stop orders do not guarantee the maximum loss. Gold, crypto and other products can use different contract definitions: only use this formula when the per-lot value and distance units match. Verify specifications independently before relying on a result.
02 / TRADE REVIEW
Your decisions,
in your own words.
Record the idea before the outcome. Use the journal to reflect on preparation, execution and the things you could not control.
A useful review asks:
- What was my hypothesis?
- What would have invalidated it?
- Did I follow the risk plan?
- What will I do differently next time?
The template contains column headings only. Open it in Excel, Google Sheets or another spreadsheet application.