Hey

WHATSUP

Position sizing is the only knob you actually turn

Every account I have blown up died the same way: position size drifted upward while the win rate stayed flat. Here is the arithmetic I now run before the London open. The three numbers Risk per…

Spread is quoted, slippage is paid

Spread is the cost everyone quotes and slippage is the cost everyone pays. For eleven weeks I logged both on every fill, and the gap between them is larger than the edge most of my setups claim. What…

A journal written before the entry, not after it

I kept a trading journal for two years and it changed nothing, because I was writing down what happened rather than what I decided. The rewrite took one afternoon and it is the only process change…