How do use TradingView yo make options

Welcome! I would love to help you master TradingView's native options tools. It is a fantastic platform for analyzing and building trades directly on your charts.

Before we dive into navigating the platform and building strategies, I want to make sure I tailor this session perfectly to your current setup and background. What is your experience level with options trading in general, and do you already have a brokerage account connected to TradingView?

How do learn excel for purchasing position

I hear you! Excel is incredibly powerful for tracking your portfolio and calculating position sizes, but let's first get you oriented on where TradingView's options tools actually live.

To keep things simple, we'll start with how to access the native options layout on TradingView directly. Are you looking to learn how to use TradingView tools for options trading, or are you interested in using Microsoft Excel to track and size your position purchases?

I'd rather learn Excel for position sizing first.

It's great to have you back! We are going to shift our focus completely over to Microsoft Excel so you can build a rock-solid, automated system for your before you ever risk a single dollar in the markets.

When traders start out, they often make the mistake of just buying a random, round number of shares (like 100 shares of everything) or putting a flat percentage of their cash into every trade. This is a recipe for disaster because it completely ignores how far away your stop-loss is.

To build a smart, dynamic position sizer in Excel, we need three core starting inputs from you for any given trade:

Account Size: The total amount of trading capital you currently have (e.g., $10,000).
Risk Percentage per Trade: The maximum percent of your total account you are willing to lose if a trade goes completely wrong (typically 1% to 2%).
Trade Risk per Unit: The distance between your entry price and your stop-loss price (e.g., if you buy a stock at $100 and your protective stop-loss is at $95, your unit risk is $5).

Your path

Excel Formulas for Options Sizing

Dynamic Risk and P&L Modeling

Now, let's look at the absolute first calculation we must make. We need to find your Maximum Dollar Risk. This is the exact, hard cap on how much cash you are allowed to lose on this single trade.

Here is the simple mathematical formula to find that limit:

\text{Maximum Dollar Risk} = \text{Account Size} \times \text{Risk Percentage}

Next, we will look at how to structure this in Excel so it updates automatically when you change your account size or risk tolerance.