◆ Price is what you pay, value is what you get◆ Support is a zone, not a line◆ Volume confirms moves◆ Risk first, reward second◆ Earnings ≠ cash flow◆ Diversify across uncorrelated risks◆ RSI measures momentum, not direction◆ P/E needs context◆ Price is what you pay, value is what you get◆ Support is a zone, not a line◆ Volume confirms moves◆ Risk first, reward second◆ Earnings ≠ cash flow◆ Diversify across uncorrelated risks◆ RSI measures momentum, not direction◆ P/E needs context

Glossary

Terms, defined plainly

Breakeven win rateRisk: Win rate needed to break even at a fixed reward:risk of k:1, equal to 1 ÷ (1 + k) before costs.; Lesson: R-multiples and expectancy
Option breakevenOptions: Underlying price at expiration where P/L is zero: strike + premium for calls, strike − premium for puts.; Lesson: Payoff diagrams, breakeven and maximum loss