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…
Tag: psychology
34 posts tagged psychology, newest first.
34 posts · page 1 of 6
Blog
FOMO trading: What 34 Bitcoin rallies since 2014 show
FOMO trading means buying because a price is running away from you, not because your plan says buy. The fear of missing out makes you enter late…
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…
Book Reviews
Morgan Housel – The Psychology of Money – Review
The Psychology of Money is worth reading, and it is one of the few money books I would hand to someone who has never traded. Morgan Housel’s point is…
Blog
Past performance is not indicative of future results
It’s been a while since my last post. I’ve been enjoying summer and spending time outdoors. I’ll share some recent thoughts. I was crunching numbers…