Blog
Trade better, one review at a time.
Practical articles on edge, analytics, psychology and process - the ideas behind the platform.
Expectancy: the one number that tells you if you have an edge
Win rate is the stat traders quote. Expectancy is the one that decides whether you make money. Here is how to calculate it and what to do with it.
Read the articleBase hits or home runs? Why you should trim your P&L outliers
If your best month depends on two trades, you do not have a process yet. Trimming the tails of your P&L distribution shows what your edge really is.
ReadMFE and MAE explained: how much of the move are you keeping?
Maximum favourable and adverse excursion show what happened inside your trades - and where your stops, targets and exits are costing you.
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