Easy Tech TutsHow to use Long and Short Position Tool Tradingview, Learn Position Sizing in 2026 Easily
By Impran M N
TradingView's Long and Short Position tool helps you visually plan trades and calculate position size based on risk tolerance, whether you're trading crypto, stocks, forex, or indices. This guide covers activating the tool, adjusting entry and exit levels, and using it for consistent risk management.
01Activate the Long/Short Position tool
Select the tool from your chart's drawing options to start planning a trade visually.
02Set entry, stop loss, and take profit
Drag the tool's levels to define your entry point, stop loss, and target price for the trade.
03Use the risk percentage feature
Adjust the risk percentage setting to manage how much of your capital you're willing to risk on the trade.
04Calculate position size
Based on your account balance and risk tolerance, the tool helps calculate an appropriate position size for the trade.
05Review risk-to-reward ratio
Check the calculated risk-to-reward ratio to see whether the setup fits your trading strategy before entering.
06Save templates for consistency
Save your preferred settings as a template so you can apply the same setup across multiple charts.
Frequently asked questions
What does the Long/Short Position tool do on TradingView?
It lets you visually plan a trade by setting entry, stop loss, and take profit levels, while calculating risk-to-reward and position size.
Can I use this tool for crypto and forex, not just stocks?
Yes, the tool works across crypto, stocks, forex, and indices.
How does the risk percentage feature help?
It lets you manage your capital by calculating position size based on how much of your account you're willing to risk.
Can I save my position tool settings?
Yes, you can save templates so you can apply consistent setups across multiple charts.
Is this tool useful for beginners?
Yes, it's designed to help both new traders and experienced analysts fine-tune their position sizing and risk management.
Watch the full walkthrough
The same steps, demonstrated on screen from start to finish.
