How we write and correct
The NoxarQuant blog explains the statistics of trading records: sample size, costs, drawdown, and what past trades can and cannot show. These are the rules every post is held to, and what happens when we get something wrong.
Our own numbers are marked as ours
Some posts quote figures from NoxarQuant's own data, such as the 11,888 trades audited in the case study. Those figures are marked as ours and say which data they come from, so they are not mistaken for an industry statistic.
Outside figures name their source
A figure measured by anyone else names who measured it, such as a regulator, an exchange or a published study, and links to it where it can be read. Where no reliable figure exists, the post says so instead of giving one. No regulator collects prop challenge pass rates, for example, so our post on pass rates says that rather than quoting a number.
Corrections are dated and stay on the post
When a post gets something wrong, we fix it and add a dated note under Corrections at the end of the post, saying what was wrong and what changed. Errors are not edited out silently. When the article text changes after publication for any other reason, such as a trial length that has since changed, the post shows an Updated date next to its publication date.
If you find a figure without a source, or think something on the blog is wrong, email help@noxarquant.com with the post and the claim. If we agree, the correction goes on the post with its date.
Nothing here is advice
The blog describes how trading statistics work and what past trades showed. It is not financial advice or a recommendation to buy, sell or hold anything, and nothing in it is a forecast of what a market or a strategy will do. Past performance is not a reliable indicator of future results.
Corrections so far
- Prop Firm Challenge Pass Rates: What the Numbers Actually Imply
The opening said that pass rates found in firm disclosures, regulator filings and interviews sat in the single digits to low teens percent per attempt, with payout rates lower again. It named no source, and we could find no pass rate that a regulator collects or that has been independently audited. We removed the range and the mention of regulator filings, and the summary no longer says published rates sit low. The opening now says no such figure exists, and explains how counting attempts or counting people changes a firm's own figure.