Each checked factor adds one point out of 6, converted to a 0-100 conviction score. Low conviction suggests 50 to 75% of normal size, medium suggests 75 to 125%, and high suggests 125 to 200%.

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Does my position size actually match how much conviction I have in this trade?

Q: Does my position size actually match how much conviction I have in this trade?

Check off which of 6 conviction factors apply, then compare your planned size as a percent of your normal size against the suggested band for your conviction tier: low, medium, or high.

Most traders blow up chasing the setup they missed, not the one in front of them.

Jason Parker, Founder of Trading Habits

Score This Trade's Conviction

I have a clear, specific catalyst or setup for this trade, not just a feeling.
At least two independent factors point the same direction, not just one.
This setup matches a pattern I've backtested or have an established track record trading.
The instrument has enough liquidity that I can get in and out at a fair price.
I have a defined stop-loss and profit target before entering.
I would take this same trade even if no one else was talking about it right now.

Your Alignment Read

Check every factor that applies, enter your planned size, then click Calculate to see if your size matches your conviction.

How this is scored

Each checked factor adds one point out of 6. Your conviction score is that count converted to a 0-100 scale.
Low conviction (0 to 33) suggests a size band of 50 to 75% of your normal size. Medium conviction (34 to 66) suggests 75 to 125%. High conviction (67 to 100) suggests 125 to 200%.
These bands are a general guideline, not a formula tied to your specific account or risk tolerance. Use your own position sizing rules for the actual dollar amount.
Sizing above your conviction band is worth a second look. It's the pattern behind chasing a hot tip, revenge trading, or overconfidence after a winning streak: size that's disconnected from the actual quality of the setup.
Sizing well below your conviction band isn't necessarily a mistake. Plenty of disciplined traders size conservatively across the board and that's a reasonable choice, not a scoring failure.

Risk & liability disclaimer: This scorecard is a self-reflection tool based on factors you check and a size percentage you enter. It is not financial advice, does not evaluate the actual quality or accuracy of your trade thesis, and does not tell you what size to actually use. Trading involves risk of loss regardless of conviction level. Trading Habits is not a broker-dealer or registered investment adviser. Use your own risk management rules to determine actual position size.

Does my position size actually match how much conviction I have in this trade?

Score This Trade's Conviction

Your Alignment Read

How this is scored

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