Your own plan and journal

A paper-trading week, a one-page plan with rules you can check, risk limits set in advance, a journal review with real numbers, and rules for when to change, stop or grow.

Module 24 of 26, in the stage "Your plan". 5 lessons.

Lessons

1. Your first paper-trading weekRun a paper-trading week with a written rule: place every trade the rule gives you, with a stop and a journal line each time, whether that is zero trades or several. 14 min.
2. A one-page trading plan, with rules you can checkWrite a plan covering market, timeframe, entry, stop, target, size and exit, in rules two people would apply the same way. 18 min.
3. Risk limits per trade, per day and per drawdownSet limits that stop a bad week turning into an account-ending month, plus a walk-away rule. 16 min.
4. Reviewing your journal with numbersCalculate your own expectancy, rule-adherence rate and cost share, and see why 20 trades say very little. 18 min.
5. When to change, stop or grow a planDecide in advance what evidence would change the plan, and how size is allowed to grow. 14 min.

Concepts covered

• Position sizing
• Expectancy
• Drawdown
• Sample size

Keep going

• Previous module: Putting it together: size, gaps, brokers and your plan
• Next module: When it goes wrong: real blowups
• All 26 modules and 157 lessons
• Open the first lesson in the course

General information only. It doesn't consider your objectives, finances or needs. Tickfloor holds no financial services licence and never places trades.