The rule of thumb for tongue weight is 10 to 15% of the load weight (that includes the trailer weight). I like to use about 10%. It keeps more weight on the trailer rather than on the truck. If you have fish tail or sway problems, most likely there is too much weight on the back. Move the load forward a little, in small increments. Also, watch truck. If you have 10% on the truck and the back end is down or front end is up, it may effect the steering. The front axle may be too light to steer properly. In that case, use an equalizing hitch. For example, Reese Stedi Flex which has equalizing and sway bars. Sway can be caused by many things. If you were towing a large RV with a side wind load, it may cause sway. If you tow an equipment trailer with low load, or tractor, sway may be caused by load too far to back. I suggest if you feel you are loaded correctly, and if you know the weight of your truck - if you are traveling pretty heavy, visit a CAT scale and find you trailer axle weight, rear truck axle weight and front axle weight. That will give you the total gross combined vehicle weight, and the axle weights. Your truck should have the axle weight rating in the driver door panel. If you drive the vehicle w trailer loaded, might cut slightly to the left or right to see how the trailer reacts. (GOING SLOWLY) Also, if your truck seems to hit bumps HARD, there probably too much tongue weight. On the other hand, if the trailer causes the truck to seem to "float" over bumps, the trailer load is too far back and somewhat controlling the truck.
The worst mistake you can make is to have the load too far back. Get used to how it handles and never take big steps loading the back of the trailer. Hope this helps some. What does you 3040 weigh with loader, bucket and any implements?
There are times that I an traveling and loaded and it does not feel quite right. I can adjust the load about an inch and it feels right.
A word about using a CAT scale. It is easy - download the CAT app. Bring up the app. When you pull on the scale (trailer axles - rear truck axle - front axle - each on a different segment of the scale. The app will ask you to verify scale location. Then the payment method you filled in the app, then let it weigh - the cost is about $12. The numbers will be sent to your phone. If you want a paper copy, go inside and they will give you a printout.
If you want to adjust you load, you can pull back on the scale and ask the app to rescale. I think that cost $3. I also think you can rescale two times if needed. Best wishes, Larry
P.S. Do the best you can to get the weight all in specs. But getting used to the feel means a lot for me. Some times I tow my tractor 300 miles. I start out checking chains and binders the first 20 miles or so. During that time, I watch to see that everything feels ok and that the trailer is tracking well. Several times I have had to scale or adjust the load one or even TWO times. If you always load the same load (maybe tractor), mark its location on the trailer when I travels well. Might save time the next time you load.