Position sizing is what keeps traders in the game. Before entering any trades, you need to take the appropriate risk and know when you'll enter a trade, where your stop loss will be placed and how big your position size will be. For proper risk management, you should avoid risking more than 1-3% of your entire portfolio value on a single trade if day trading or swing trading.
|Profit Target 1:|
|Profit Target 2:|
|Target 1 Profit / Risk Ratio:|
|Target 2 Profit / Risk Ratio:|