Risk and money management

The arithmetic that decides whether you are still trading in a year. This is the track that matters most.

1. Risk per trade: the only number that keeps you aliveBeginner · 7 min read
2. Position sizing: let the stop decide the sizeBeginner · 8 min read
3. Where to actually put a stopIntermediate · 8 min read
4. R-multiples: how professionals talk about resultsIntermediate · 7 min read
5. Expectancy: why win rate alone tells you nothingIntermediate · 8 min read
6. Drawdown: the price of admissionIntermediate · 8 min read
7. Risk of ruin: the math of blowing upAdvanced · 9 min read
8. Correlation: when ten positions are really oneAdvanced · 9 min read
9. Why tighter stops usually hurtIntermediate · 8 min read
10. Portfolio heat: capping your total exposureAdvanced · 9 min read