Topic Guide

RiskManagement

The Complete Guide to Protecting Your Trading Capital

42 resources 5 categories

Risk management is the single most important skill in trading. It determines whether you survive long enough to let your edge play out. This hub connects every piece of risk management content across our glossary, metrics, strategies, tools, and guides.

Key Concepts

17 resources

Consecutive Losses

Consecutive losses is a sequence of back-to-back losing trades with no winner between them — a statistical inevitability for any win rate, not a si...

Correlation

Correlation measures how closely two assets move together, ranging from +1 (perfect positive) to -1 (perfect negative), crucial for portfolio diver...

Diversification

Diversification spreads investments across different assets, sectors, or strategies to reduce the impact of any single position's loss on the portf...

Fixed Fractional Position Sizing

Fixed fractional position sizing is a risk method where a trader risks a constant percentage of current account equity on every trade, scaling expo...

Hedging

Hedging is a risk management strategy that takes offsetting positions to protect against adverse price movements in existing holdings.

Leverage

Leverage allows traders to control larger positions with less capital, amplifying both potential profits and losses from price movements.

Margin

Margin is borrowed money from a broker used to increase buying power, requiring traders to maintain a minimum equity percentage in their account.

Margin Call

A margin call occurs when account equity falls below the minimum maintenance requirement, requiring the trader to deposit more funds or close posit...

Portfolio Heat

Portfolio heat is the total percentage of account equity at risk across all simultaneously open positions, measuring aggregate exposure beyond any ...

Position Sizing

Position sizing determines how much capital to allocate to each trade based on account size, risk tolerance, and stop loss distance.

Risk Per Trade

Risk per trade is the maximum amount of capital a trader is willing to lose on any single trade, typically 1-2% of total account value.

Risk-Reward Setup

A risk-reward setup defines the entry, stop loss, and target levels of a trade, ensuring the potential reward justifies the risk before entering.

Stop Loss

A stop loss is a predetermined price level at which a trade is automatically closed to limit potential losses on a position.

Take Profit

A take profit order automatically closes a position when price reaches a predetermined profit target, securing gains without manual intervention.

The 2% Rule

The 2% Rule is a position-sizing guideline that limits risk to no more than 2% of total account equity on any single trade.

Trailing Stop

A trailing stop is a stop loss that moves with price in the direction of the trade, locking in profits while still allowing the trade room to run.

Value at Risk (VaR)

Value at Risk (VaR) is the maximum expected portfolio loss over a given time period at a specified confidence level, such as a 1-day 95% VaR of $1,...

Risk Metrics

15 resources

Average Losing Trade

A good average losing trade is smaller than your average winning trade. Most profitable traders keep their average loss below 1R, meaning each loss...

Calmar Ratio

A good Calmar Ratio is above 3.0, meaning annualized returns are at least three times the maximum drawdown. Most retail traders fall between 0.5 an...

Drawdown Duration

A good maximum drawdown duration is under 30 trading days. Consistently recovering within 10-20 days signals strong risk management and psychologic...

Kelly Criterion

Most traders should use fractional Kelly (25-50% of the full Kelly percentage). Full Kelly maximizes long-term growth but causes severe drawdowns, ...

Longest Drawdown Period

A good longest drawdown period is under 3 months for active traders. Swing traders should target under 6 months; trend-following strategies under 1...

Maximum Drawdown

Maximum drawdown is the largest percentage drop from a peak to a trough in your account. Keeping it below 20% is critical for capital preservation.

Portfolio Heat

Keep total portfolio heat below 6-10% of account equity. For a $50,000 account, that means no more than $3,000–$5,000 at risk across all open trade...

Risk of Ruin

Risk of ruin should be below 1% to ensure long-term survival.

Risk of Ruin Probability

Target below 1%. A 50% win rate with 1.1:1 payoff risking 1% per trade yields 0.005% ruin probability. The same edge at 5% risk jumps to 13.6% — a ...

Risk Per Trade

A good risk per trade is 1-2% of account equity. Risking more than 2% per trade significantly increases the probability of large drawdowns and acco...

Risk-Adjusted Return

A good risk-adjusted return means your ratio scores (Sharpe > 1.0, Sortino > 1.5, Calmar > 3.0) consistently show profits that more than compensate...

Risk-Reward Ratio

A good risk-reward ratio is 1:2 or higher, meaning your potential profit is at least twice your potential loss on each trade, allowing profitabilit...

Treynor Ratio

A good Treynor ratio exceeds the market benchmark of roughly 0.05–0.07. A Treynor above 0.10 indicates strong risk-adjusted performance relative to...

Ulcer Index

A good Ulcer Index is below 5, indicating shallow, short-lived drawdowns. Values above 10 suggest deep or prolonged equity declines requiring strat...

Value at Risk

A good daily VaR at 95% confidence should be 1-2% of account equity, meaning on 19 out of 20 days your losses should not exceed that threshold.

Risk Calculators

6 resources

Common Risk Mistakes

3 resources

Guides

1 resource
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