A simple program to manage risk and calculate the right amount of shares to buy.
To install:
$ pip install stock-position-calc
To upgrade:
$ pip install stock-position-calc --upgrade
For some Linux distributions you will need to install the tkinter package:
$ sudo apt update
$ sudo apt install python3-tk
Launch program:
$ stock-position-calc
Windows:
$ git clone https://github.com/zaironjacobs/stock-position-calc
$ cd stock-position-calc
$ pipenv install --dev
$ pipenv run pyinstaller stock_position_calc/app.py --onefile --windowed
Linux:
$ git clone https://github.com/zaironjacobs/stock-position-calc
$ cd stock-position-calc
$ pipenv install --dev
$ pipenv run pyinstaller stock_position_calc/app.py --onefile --windowed
$ sudo chmod +x dist/app
The output file can be found in the dist folder.
Will calculate the number of shares solely based on the amount you want to invest in a trade. Example: You have $10,000 to invest in a stock and you would like to buy shares of that stock when the price falls down to $20. The amount of shares you will buy will be 500 ($10,000 / $20).
Will calculate the number of shares based on how much you are willing to risk. Example: You have an account size of $10,000 and you would like to buy shares of a stock when the price falls down to $20. You decide on a stop loss of 15% ($17) and you want to risk only 1% ($100) of your account size. The amount of shares you will buy will be 33 ($100 / ($20 - $17)).