//Credit to Trader-Shah for laying the groundwork in their Position Size Tool.//
I had to make the following modifications to make it relevant to my process: 1. Lowering the risk percentage per trade to be able to be <1% of portfolio risk per trade 2. Focus on LoD (low of day) and manual entries 3. Focus on $ position size, # of shares needed to purchase, and the position % size based on your portfolio 4. 3 auto-populated stops based on the manual stop loss line, where it indicates how many shares and $ need to be sold at stop 1, stop 2, and stop 3.
Example if you were to purchase a stock at $10 and have a manual stop at $5, this will tell you how much $ or shares to purchase of the stock based on your risk appetite, and then tell you exactly how much to sell at S1, S2, and S3.