Trading plan — short lessons
Planning the trade, practising the decision, and sticking to it.
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Trading plan
Risk & sizing
Because losses don't come back even. Lose ten percent and you need eleven to get back; lose half and you need to double. One R caps the damage before you're in, and at three R one win pays for three losses — so winning one in three puts you ahead.
Risk & sizing
You can't see every punch coming, but you can decide how many you're going to take and which ones you can block. Stop betting on being right and decide what you'll do if you're not. People don't learn from victory — they learn from defeat.
Risk & sizing
Trades taken on paper at real prices with nothing real on them, under the same rules as the real fight: the same stop, the same size, the same target. Change the rules and you're practicing some other kind of game. It's not practice that makes perfect — it's perfect practice.
Risk & sizing
Even the picks that pay fight back first. You don't test yourself where the loss counts — you test yourself where you can still make the fix. On our own signals, about one winner in four dipped 14% more before it paid. The signal gets the glory; the decision keeps you in the fight.
Risk & sizing
Any idea can miss. RAIL never traded above its entry — its second morning it opened 19% lower, right through a 14% stop, and never came back. All in, that gap alone is about a fifth of the account; at 8% of the book it's about one and a half percent.
Risk & sizing
A stop without a target is half a plan. Take the stop off the measured ladder and set targets in multiples of the distance to it: in at $100 with the balanced stop at $86, $14 is 1R, so 2R is $128 and 3R is $142 — with the share count for $250 at risk.
Risk & sizing
The entry comes first because it's moving. Then a stop invented halfway down, while it hurts. Then a size picked by how good the story sounded, and a target invented later to justify holding on. Every one of those gets decided at the worst possible moment.
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