◆ 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
ExpectancyRisk: Average outcome per trade: (win rate x average win) minus (loss rate x average loss).; Lesson: Risk management and position sizing