The TradersWatcher journal
Numbers that change how you trade
Rules that are easy to misread, arithmetic that quietly costs accounts, and the gap between what a trader planned and what they actually did.
"End-of-day drawdown" does not mean you are safe during the day
The phrase describes when the limit is recalculated, not when it can stop you. Traders read it as protection and lose accounts at 2pm on an open position.
The number that makes losing streaks expensive
A 50% loss needs a 100% gain to undo. The gap between what you lose and what it takes to get back is the strongest argument for small position sizes.
The stop decides the size, not the other way round
Choosing a position size first and then placing the stop where it feels comfortable is the same decision made backwards — and it is how a plan quietly turns into a bet.
When a trading journal outgrows the spreadsheet
Notion and Excel are genuinely good trading journals right up to the point where typing the trades becomes the reason you stop journalling. Here is where that line sits.