Trader psychology and process
What this guide covers
Writing a trading plan that fits inside an evaluation’s rules rather than breaking under them. Sizing risk from the distance to a breach rather than a fixed percentage, why the trade after a loss is the expensive one, what to log in a journal when the rules are the constraint, trading the last stretch of a profit target, and what to do after a failed evaluation.
0 pieces published in this guide.
Nothing has been published in this guide yet. The subject is part of the publication's standing coverage and pieces will be listed here as they appear.
Tools
Run the numbers on your own account with the calculators on Prop Firm Pal, the firm-data site in this network.
Position and lot size calculator
Lot size from account balance, risk percentage and stop distance, plus how many losing trades the daily limit allows.
Risk of ruin calculator
The probability of hitting the drawdown limit before the profit target, over 1,000 simulations.
Monte Carlo simulator
Five hundred runs of a strategy against a challenge rule set, for a pass probability rather than a guess.