How many positions should I allow myself to have open at the same time?
Enter Your Risk Limits
Use the same per-trade and portfolio risk percentages you already use for sizing individual trades.
Your Result
Fill in the fields on the left and click Generate to see a suggested max number of open positions.
How this is calculated
The risk-based max equals your max total portfolio risk percentage, divided by your max risk per trade percentage, rounded down to a whole position.
This assumes your open positions are independent of one another. If two or more positions are correlated, meaning they tend to move together, your true combined risk is higher than this math shows. Use the correlated position tool linked below to check that.
If you selected that you can't actively monitor more than a couple of positions closely, the suggested number is capped lower than the math alone would allow. Watching a position closely matters more once it's actually open, not just when it's sized correctly.
This is a personal planning rule, not a limit enforced by your broker or any exchange. Nothing stops you from opening more positions than this suggests.
Risk & liability disclaimer: This tool assumes your open positions are independent of one another. If your positions are correlated, your true combined risk is higher than this math shows. Trading Habits is not a broker-dealer, registered investment adviser, or tax professional, and is not affiliated with any broker, exchange, or data provider. We do not guarantee this tool is error-free or suitable for your situation. Always verify results independently and consult a licensed professional before making any trading or financial decision. Trading involves risk of loss, and you could lose some or all of the capital you trade with.
Decide How Many Trades You Can Actually Run
More Trading Tools
These tools cover the risk-budget and correlation side of running multiple positions at once.