Trading metrics and terms, explained

How TradingView automated trading works: where alerts become orders, why fills differ from signals, and how to journal executed trades the right way.

Auto sync Interactive Brokers trades into your trading journal with IBKR Flex Queries: setup steps, what gets imported, sync timing, and fixes for common errors.

What is a trading plan: identity, markets, entry/exit rules, risk sizing, review routine, and how journaling proves whether you follow it.

What percentage of day traders succeed? What studies in Taiwan, Brazil and the US actually found, why headline numbers mislead, and how to improve your odds.

What is MFE (Maximum Favorable Excursion)? Learn how to calculate it, read real trade examples, and use MFE data to improve exits and profit targets.

What is backtesting: replay strategies on historical data, key metrics, pitfalls like overfitting, and how it pairs with paper trading and journals.

What does P&L stand for: profit and loss basics, realized vs unrealized, how to calculate trading P&L, and tools to track it automatically.

Trading plan template: goals, setups, entry/exit rules, risk limits, and review routine — plus how to track adherence with a journal.

Trading loss ratio formula: gross loss ÷ gross profit. Worked example, how it relates to profit factor and win rate, and why to track it per setup.

Maximum drawdown (MDD) explained: peak-to-trough loss, formula, why it matters for risk, and how to track it in your trading journal.

Risk management for traders: the 1% rule, sizing from the stop for stocks, futures and options, stop types, daily loss limits, open risk and drawdown math.

Win rate = winning trades ÷ total closed trades. How to count break-evens, pair it with expectancy, find your break-even win rate, and how many trades you need.

Paper trading explained: open a free TradingView, thinkorswim or IBKR demo, set a real balance, risk 1% per trade, log 50 trades, then decide when to go live.