You are up on a position. The chart has run your way for six sessions, the gain is real on the screen, and the only question left is where you…
A trader can be right more often than wrong, collect two dollars on every winner for each dollar lost, and still drive the account to zero. It sounds impossible until…
Picture an account that closes most days in the red and still finishes the year well ahead. The journal reads as a wall of small losses, the equity curve grinds…
I look back at one of my own ledgers and the pattern is always the same. Eight months of small losses and tiny scratches, the equity curve flat enough to…
Win rate and payoff ratio each tell half the story. Here is why you need both numbers to calculate expectancy, measure real trading edge, and size bets.