Blog
Trade better, one review at a time.
Practical articles on edge, market structure, analytics, psychology and process - the ideas behind the platform.
What is gamma exposure (GEX)? Dealer hedging explained
Gamma exposure (GEX) explained: how dealer hedging moves SPX, ES and NQ, positive vs. negative gamma, the zero gamma flip, and call and put walls.
Read the articleWhat is expectancy in trading? Formula, examples and edge
Trading expectancy explained: the formula, worked examples, why it matters more than win rate, and how to use it to check your edge after fees.
ReadBase hits or home runs? Test your edge without P&L outliers
Trimming P&L outliers explained: remove your biggest winners and losers, recalculate expectancy, and find out if your trading edge is a process or luck.
ReadWhat are MFE and MAE? Trade excursion analysis explained
MFE and MAE explained: maximum favorable and adverse excursion, trade efficiency, clean winners and scratchable losers, and how to set stops from your data.
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