Trade Date Calculator

Enter the trade date, number of days to count, and the count type to estimate settlement dates.

Understanding Trade Settlement

This tool helps traders estimate settlement dates based on trade execution dates. The settlement date is when the transaction is finalized, and the securities and cash are exchanged.
You can read more about settlement on this site.

Settlement Periods for 2025:
  • U.S. Stocks & Options (T+1) – A trade executed on March 3, 2025 will settle on March 4, 2025.
  • Exchange Traded Funds ETF (T+2+1) – A trade executed on March 3, 2025 will settle on March 5, 2025.
  • U.S. Bonds & Mutual Funds (T+1 or T+2) – Varies by security type.
  • Foreign Markets – May follow T+2 or T+3 rules depending on the country.

For more details, see official guidelines from:

Kelly Criterion Position Sizing

The Kelly Criterion is a mathematical formula designed to optimize position sizing for traders and investors. By balancing potential profits with risk, it helps ensure long-term capital growth while preventing overexposure that could lead to significant losses.

Why Use the Kelly Criterion?

Position sizing is crucial in trading. Risking too much can lead to rapid drawdowns, while risking too little may limit potential gains. The Kelly Criterion helps determine the optimal amount to risk per trade based on probabilities and risk-reward ratios.

How It Works:
  • Input your win probability % and reward-to-risk ratio (reward/risk (2:1 = 2, 3:2 = 1.5)).
  • Enter your account balance to calculate the position size in dollar terms.
  • Adjust the Kelly fraction (Full Kelly = maximum risk, Half Kelly = more conservative approach).
  • The calculator will return the optimal position size to help you manage risk effectively.
Kelly Criterion Calculator