Would you trust a pilot who doesn’t track flight data? Then why trade without keeping a record of your trades?
Would you trust a pilot who doesn’t track flight data? Then why trade without keeping a record of your trades?
Position sizing is the art of deciding how much capital to allocate to each trade. Many traders focus only on entry-exit points
A drawdown is the percentage decline from a portfolio’s peak value to its lowest point before recovering. It’s a critical concept because recovering losses takes much more effort than losing them.