BitStat Team
How to Stop Revenge Trading
Revenge trading is driven by loss aversion, not a broken strategy. Stopping it takes a mechanical rule that interrupts the next trade and a habit of logging the urge itself, not just the outcome.
7 min read
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BitStat Team
Risk Management for Traders - Rules That Hold
Percent-based position sizing, stops placed at invalidation, correlated positions treated as one risk, and conservative sizing relative to a real sample: the rules that hold regardless of strategy.
7 min read
BitStat Team
How to Pass a Prop Firm Challenge Without Blowing the Drawdown
Passing a challenge without breaching the drawdown limit comes down to four mechanical rules: a daily risk buffer, fixed risk per trade, a loss-count circuit breaker, and live tracking of the distance to the limit.
8 min read
BitStat Team
What Should a Trading Journal Include? 18 Fields That Matter
Entry, exit, and P&L only answer whether a trade worked. The other fields, grouped into context, execution, result, and process, are what explain why.
7 min read
BitStat Team
Why Traders Fail Prop Firm Challenges (And What the Data Shows)
Only 14 percent of prop firm challenge attempts reach a funded account, and 7 percent ever get paid. The gap comes from a small set of repeatable mistakes, not a lack of skill.
7 min read
BitStat Team
Trading Performance Metrics That Actually Matter
Win rate, profit factor, expectancy, and drawdown each answer a different question about a strategy. Reading only one, especially win rate, is how a losing strategy can look fine for months.
9 min read
BitStat Team
How to Connect Binance to BitStat with a Read-Only API Key
Create a read-only Binance API key, disable trading and withdrawals, and connect your Crypto Futures account to BitStat in about five minutes.
3 min read
BitStat Team
How to Connect Bybit to BitStat with Read-Only API Access
Create read-only Bybit credentials with the minimum Orders, Positions, and Account Transfer scopes, then sync futures history to BitStat.
3 min read
BitStat Team
How to Connect MetaTrader 5 to BitStat with an Investor Password
Connect a supported MT5 broker account using the account login, read-only Investor Password, and exact server name.
2 min read