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A trading edge is a measurable positive expectancy that holds up over enough trades to rule out luck, not a setup that felt right on your last few wins. Learn how many trades it takes to trust a pattern, why backtests can fake an edge, and how to turn setup tags into a real, checkable measurement.
Overtrading is placing more trades or larger positions than your strategy's edge actually supports. This guide covers why it happens, the exact signals that show up in a trading journal before the account balance does, and how to catch the drift early using a personal baseline instead of a fixed rule.
A dashboard only pays off if it gets checked on a routine. Here is what to look at, in what order, and why filtering by period matters more than any single metric.
An R-multiple expresses a trade's profit or loss as a multiple of the amount risked, called R. Learn the formula, a worked example, and how to read R-multiples in a trading journal.
FOMO trading means entering a position because price is already moving, not because a planned setup triggered. This guide covers why the fear of missing out gets activated in fast markets, what a FOMO entry looks like in a trading journal, and how to catch the pattern before it compounds into losses.
BitStat is a trading journal and performance dashboard for prop firm, live, and manually tracked accounts. Here is what each part of the product actually does.
Profit factor is gross profit divided by gross loss. Here is the exact step-by-step process for calculating it correctly from your own trading journal data, with a worked example and the mistakes that quietly skew the number.
Profit factor is gross profit divided by gross loss. Above 1.0 means a strategy made more on winners than it lost on losers; a definition, formula, and interpretation guide.
A high win rate does not guarantee profitability. Learn how expectancy, payoff, costs, sample size, and drawdown determine a strategy’s real edge.
A prop firm payout gets reviewed against your full trading history, not just your balance. These six journaling habits, not trading mistakes, are what usually trip that review.
TradingView logs your trade history through Paper Trading and connected brokers, and can now feed it into Portfolios analytics. What it still lacks is a structured journal: setup tags, entry reasoning, and R-multiple. Here is what to pair it with.
Win rate is the percentage of trades that closed profitable, calculated as winning trades divided by total trades. Learn the formula, typical ranges, and why win rate alone does not determine whether a strategy is profitable.
