DeepCharts automates position sizing for traders. Instead of juggling multiple websites to calculate contract quantities, you set your stop-loss dollar amount and risk percentage, and the platform does the math instantly. The speaker shows how an OCO strategy on the trading panel cuts out the calculator work entirely.
Stop calculating your position sizing with five different websites. First you put the position on the chart, then you go to the website, you calculate the contract size, you increase the quantity in the app. What a headache. Here's the fastest way possible. Use a trading platform like DeepCharts. That together with putting your charts on steroids. If you go on trading panel you can activate the OCO strategy and set your stop loss to a fixed amount of money, for example $500. At which point instead of selecting manually the quantity of contract, you can simply select risk and for example I'll buy market and nothing is going to pop out but my stop loss. I'll place it let's say here and it's automatically going to calculate how many contracts I should trade all automatically so you don't have to calculate it yourself anymore. Do yourself a favor. Comment deep charts to get your platform at 25% off.
