The correct position size to realize a maximum loss of $200 at the stop loss would be 9.09 ounces of XAGUSD. This is calculated by dividing the maximum loss of $200 by the difference between the entry price and the stop loss price ($22.20 - $21.75 = $0.45). Thus, 9.09 ounces of XAGUSD = $200 / $0.45.
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