The concepts every algo trader needs before touching a live account.
A free introduction to the terminology, risk arithmetic, and testing discipline behind rules-based trading. No prior automation experience required.
Discretion vs rules, why we care about repeatability, what "edge" really means.
Fixed fractional risk, why 2% is the ceiling, and how leverage lies.
Why a 30% win rate can be more profitable than 70%, and how to compare systems.
Curve fitting, survivorship, look-ahead, slippage optimism, and the "one great year".