Tilt

An emotional state after losses where decision quality drops and risk-taking rises.

Tilt is the borrowed-from-poker term for trading while rattled: sizing up after a loss, abandoning the plan, chasing. It typically follows a run of losses in a short window.

The countermeasure is structural: a cooldown timer and a loss lock that stop further trading once you are in the danger window, instead of relying on willpower in the moment.

See it on your own trades.

Merlin computes the metrics and rule distances above from your imported history, and checks your next trade against them before you enter.

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Firm figures reflect published rules at the time of writing. Firms revise rules often, so verify against the firm's site before relying on them.

Merlin's gauges derive from closed trades. Your firm watches live equity including open positions.

MerlinTrade is independent trading-journal software and is not affiliated with, endorsed by, or sponsored by any prop firm. All trademarks belong to their owners.