Prop Trading and the Dreaded “Relative Drawdown” One of the biggest reasons traders fail prop firm evaluations is not understanding how relative drawdowns and high-water marks work. They don’t realize they could be a profitable trader and...
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Tag: risk reward
Since a built-in risk management tool was added to The Amazing Trader (also as a stand-a-alone), I have been thinking how well it instills discipline into one’s trading. This also got me to thinking about leverage and...
The management of risk is frequently overlooked by traders. It is cited as being a boring subject where complicated formulae are needed to understand and quantify risk. Many traders especially in the modern world of hit-and-run or...
As I discussed, traders need to treat trading as a business and not a casino. Most of the focus is generally on the revenue side. . After all, you need profitable trades to run a business. The...