Book Reviews
George S. Clason – The Richest Man in Babylon – Review
The Richest Man in Babylon is a book of short money parables set in ancient Babylon, and its whole message fits in one sentence: keep at least a…
Tag: losses
19 posts tagged losses, newest first.
19 posts · page 1 of 4
Blog
Risk of ruin: How bet size decides if your account survives
Risk of ruin is the chance that a run of losses takes your account down to a point you can’t come back from. I simulated 1,000 trades, 10,000 times…
Blog
How do prop firms make money? A coin-flipper’s $50K challenge
Prop firms make most of their money from challenge fees, not from trading. At Topstep, even the funded account you earn by passing is simulated – the…
Blog
Trading journal template: Free Excel sheet and how to use it
A trading journal template is a spreadsheet with one row per trade: entry, stop, target, size, exit, the result in dollars and in R, and a few honest…
Blog
Is day trading gambling? What the numbers actually say
For most people who try it, day trading works like gambling: the expected result after costs is a loss. Two large studies of real accounts say so. In…
Blog
Stop loss trading: Where to put the stop and how much to buy
A stop loss in trading is the price where you admit the trade idea was wrong and get out. Put it where the chart says the idea is broken – below the…