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On trading, journaling, and the tools we build at Tradeways.
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MetricsRiskMaximum Adverse Excursion (MAE)
The worst unrealized loss a trade survived — and what your MAE distribution says about whether stops are doing real work.
3 min read
MetricsPlaybookMaximum Continuation Excursion (MCE)
What did the market do after you closed? MCE measures the move you missed — and reveals whether your exit was on time or premature.
6 min read
MetricsPlaybookMaximum Favorable Excursion (MFE)
The best unrealized profit a trade reached before you closed it — and what the gap to realized P&L tells you about exits.
4 min read
MetricsFundamentalsReading MFE, MAE, and MCE
Three numbers describe every closed trade: the best it got, the worst it threatened, and what it did after you exited. Together they tell you whether your exit was structural or lucky.
3 min read