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Kelly Position Sizing Calculator

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Fractional Kelly with stop-based risk controls

Kelly Position Sizing Calculator

Enter your own statistics and planned prices, or load the example. Percent fields use percentage points: enter 1 for 1%.

Position sizing

Final Share Quantity

From theoretical risk to sized risk

Kelly describes equity at risk. Position value is the market value of the shares, which is a different amount.

Active limits, including ties

    Calculation details

    Calculations stay in this tab. Account values are not saved. Exports include the inputs you enter.

      Kelly sensitivity

      Theoretical curves before risk caps. Negative raw Kelly indicates no positive edge; actionable shares remain zero.

      View numeric sensitivity table
      Methodology and assumptions

      Edward O. Thorp — The Kelly Criterion