Day Trading Calculator (For Daily Profits & Losses)

The Risk Per Trade in $:

Risk Reward Ratio (RRR):

Hit-Rate In %:

Amount Of Trades:

Reset Data

Day trading requires precision and quick decision-making. A Day Trading Calculator helps traders calculate daily profit and loss while factoring in risk per trade, risk-reward ratios, and hit rates. At WR Trading, we provide a Day Trading Calculator to help traders assess risk, calculate potential profit, and stay disciplined in their strategy.

Specifications

A Day Trading Calculator properly evaluates the financial impact of a trader’s strategy. Our calculator has essential specifications that help with making sound trading decisions. These specifications include:

Risk Per Trade: This is the amount of capital you are willing to risk per trade. It is a percentage of your total trading capital.
Risk-Reward Ratio: This is the ratio between your risk and the return you are willing to make. For example, a 1:2 means you are willing to risk $1 to gain $2.
Hit Rate: This is the percentage of successful trades out of the total trades taken.
Amount of Trades: It is the total trades executed within a given timeframe.
Profit: This is the projected gain based on your risk parameters and position size. It is the profit from successful trades based on the risk-reward ratio.
Loss: The potential losses based on your risk tolerance and position size. The amount lost on unsuccessful trades.
Overall PNL: Your final profit after accounting for all profits and losses.

How To Use The Day Trading Calculator

Our day trading calculator is simple and easy to use. All you have to do is:

Enter your risk per trade in dollars
Input your risk reward ratio (RRR)
Put in your expected hit-rate percentage
Enter your amount of trades
Click on ‘Calculate Now’ to reveal your profit, loss, and overall PNL

We recommend using the day trading calculator at intervals and adjusting your parameters as market conditions change. With this, you can change your strategy to improve profitability.

How To Calculate Your Daily Profit And Losses Manually

While our calculator simplifies the process, it is still in your best interest to know how to calculate these figures manually. Here is how to calculate your daily profit and loss manually:

Calculate Total Profit:

Total Profit = Winning Trades × Profit Per Trade

Calculate Total Loss:

Total Loss = Losing Trades × Loss Per Trade

Overall PNL:

Total Profit − Total Loss

For example, if you place 10 trades with a risk of $100 per trade, a risk-reward ratio of 1:1, and a hit rate of 80%, your calculations would be as follows:

Winning trades = 8
Losing trades = 2
Profit per winning trade = $100,
Loss per losing trade = $100
Total Profit = 8 × $100 = $800
Total Loss = 2 × $50 = $200
Overal PNL = $800 – $200 = $600

That means you have made a daily profit of $600.

We believe that once you master how to manually calculate potential daily profit and loss, you can implement better risk management and make better trading decisions.

The Connection Between Hit-Rate And Risk-Reward In Day Trading Explained

Before you start day trading, you have to understand the relationship between hit-rate and risk-reward ratio. A common mistake new traders make is believing that a high hit rate guarantees more profit. But that is wrong.

Yes, risk-reward ratios play an important role in making a profit. But when combined with a lower hit rate, you can still make impressive profits daily.

Example

For example, if you choose a high hit rate, let’s say something above 50%, with a poor risk-reward ratio like 1:1, you would not make as much profit as you would have if you had chosen a low hit rate of 40% with a strong risk-reward ratio of 1:3.

This illustrates why many successful traders focus more on trading with favorable risk-reward ratios rather than chasing hit rates alone. The key is to find a strategy that aligns with your trading style while ensuring profitability.

Conclusion

A Day Trading Calculator is vital for traders whose goal is to improve their performance while managing risk effectively. We encourage traders to use our day trading calculator to fine-tune their strategies and make informed trading decisions. The key to positive and consistent results is having a structured approach to day trading.

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