17 lessons. All ready to read.
- 1Why most traders failVerified
Risk management, not bad entries
- 2Risk per tradeVerified
Fixed dollar amount or percentage of the account
- 3Stop placementVerified
Where the idea is wrong, not a random dollar amount
- 4Position sizingVerified
Contracts from stop distance and tick value (20-point MNQ stop = $40 per contract)
- 5Risk-to-rewardVerified
What you could lose vs. what you could make
- 6Win rate and expectancyVerified
Why 40% can win and 70% can lose
- 7Daily loss limitsVerified
Max loss and max trades per day; what to do when hit
- 8Drawdown mathVerified
A 50% loss needs a 100% gain to recover
- 9Scaling upVerified
Stay in micros until the process works, then step up gradually
- 10Overnight and news riskVerified
Gaps, holding through events, flat is a position
- 11How prop evaluations workVerified
Profit targets, trailing drawdowns, consistency rules, fees; rules vary by firm
- 12Funded vs. personal accountsVerified
Tradeoffs of each
- 13Tax basics for US futuresVerified
The 60/40 rule, year-end mark-to-market, and the forms involved, at a general level. General education, not tax advice.
- 14Writing a risk planVerified
A one-page plan the student actually follows
- 15Your first sim tradeVerified
Plan, size, place, manage, and close a trade on a simulator using your own risk plan
- 16Spotting trading scams and red flagsVerified
Signal sellers, fake P&L, guaranteed returns, pressure tactics, unregistered advisors, relationship scams; checking NFA BASIC and the CFTC RED List; where to report
- 17Choosing a broker or prop firm safelyVerified
Due diligence before you send money: FCMs and introducing brokers, checking them on NFA BASIC, segregated funds, reading a prop firm's fees, payout terms, and drawdown rules
