Apr 30 2021 01:11 PM
hello! i am trying to create an excel sheet or formula that allow me to enter data and have it quickly calculate it... basically, i want to find:
"DOLLAR risk / (ENTER amount - RISK amount) = SHARES "
$5 / ($0.25 ENTER - $0.23 RISK) = $5 / $0.02 = 250 SHARES
so if I want to risk $5, ENTER at $0.25 and RISK $0.23, I would get 250 SHARES x $0.25 ENTER = $62.50
so I then want to be able to compute an EXIT price based off a percentage gain... like a 20% gain of $0.25 ENTER would mean I would EXIT at $0.30 ... is that possible?
so it would cost me $62.50 with 250 shares at $0.25 and i would make $75 with 250 shares at $0.30, which is a profit of $12.50 (20% gain)
Any info would help if there is a way to compute this!
Thank you!!!
Apr 30 2021 09:48 PM
@volcomkiss7 Perhaps the attached file is helpful.
May 03 2021 10:58 AM
@Riny_van_Eekelen THIS IS AWESOME! Would you be able to create one that I can easily plug in numbers with this formula:
Shares = Dollar Risk / (Enter $ - Risk $)
Thanks so much!
May 03 2021 11:37 AM
@volcomkiss7 Isn't that what I did in column D?