Education
The Trading Edge
Concepts, risk frameworks, and psychology for traders who measure edge with data. No hype: sample-size discipline and explicit limits on what the numbers can claim.
Reference
Trading Glossary
Plain-English definitions: profit factor, expectancy, R-multiple, trailing drawdown, FIFO, VWAP, and more.
Limit Orders and Market Orders: Fill Certainty and Risk
A market order guarantees a fill but not a price; a limit order guarantees a price but not a fill. How the two order types trade certainty against price risk.
Trading Concepts
Average True Range: How to Size a Stop With ATR in Futures
Average true range averages a bar's range to size a volatility-scaled stop. Set the stop as a multiple of ATR, then size the position to a fixed dollar risk.
Trading Concepts
R-Multiple in Futures Trading: How to Express a Trade in R
R-multiple expresses any trade's outcome as a multiple of the dollar amount you risked on that trade. Compute it from your plan and run a trade log in R.
Trading Concepts
What Is Realized and Unrealized P&L in Futures Trading?
Realized P&L is the settled cash from closed futures trades. Unrealized P&L is the mark-to-market value of open positions. Why the difference matters.
Trading Concepts
What Slippage Is and How It Differs From Commission
Slippage is the gap between expected fill and realized fill. Commission is a fixed per-trade charge. See how each is measured and why they show up separately.
Trading Concepts
What Is a Tick in Futures Trading? Tick Size and Tick Value
A tick is the smallest legal price increment a futures contract can move. Learn how tick size and tick value differ, with worked CME contract examples.
Trading Concepts
What Is Expectancy in Trading and How to Calculate It
Expectancy is the average dollar gain per trade across your trade log. Learn how to calculate expectancy from your own history and what the number means.
Trading Concepts
What Is Profit Factor and Why Every Trader Should Track It
Profit factor is the ratio of gross profit to gross loss. Learn how to calculate it, what a good profit factor looks like, and why it matters more than win rate alone.