Understand it. Try it.
Orders, risk and trading costs — clear explanations, interactive examples and practical templates.
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Risk & capital
Calmar divides compound annual growth by maximum drawdown over the same period. It helps compare the historical growth of a strategy with the deepest fall observed along the way.
Risk & capital
Define what must happen before a trade, when to stay out and how to review your decisions. Start with a blank plan or customize the illustrative example.
Compare two ways of sizing risk and calculate the chance of reaching a fixed loss limit within a chosen number of trades. Then follow every path in a four-trade example to see why a later recovery does not erase an earlier breach.
Build your free Excel journal before you download it. Keep partial exits together, account for costs once and see which completed positions actually enter your statistics.
The same trading assumptions can produce very different account paths. Simulate a range of outcomes, compare two risk settings on the same trades and follow the arithmetic behind one curve.
Risk & capital
A trade's closing result leaves out what happened while it was open. Follow an observed price path to calculate maximum adverse and favorable excursion, compare long and short positions and reconcile the numbers with a trading journal.
Translate a completed position's net result into units of its recorded initial risk. Work through partial exits, keep the original denominator when a stop moves and see why positive average R can coexist with a loss in money.
A positive balance does not tell you how much equity supports your positions. Connect the account figures, calculate margin level and see what changes when a losing position closes.
A high win rate can hide costly losses. Calculate profit factor from closed trades, see what fees and one large winner change, and compare the same results in a different order.
Calculate how much of a prop account’s counted profit comes from its best day. Compare two profit definitions and see why a new best day can change the required total.
If NBP covers your CFD account, liability for those CFD losses is limited to the account’s funds. The $1,000 example shows what you can still lose and which documents to check.
Risk & capital
An account can still be in profit when it breaches its loss limit. Compare three rules on the same path to see when the threshold rises and how much room remains above it.
