The Book

Small account. Levels, risk, results.
Services. No name. No signals.

[The Book @TheBookDesk]

@SandmanMarkets Which is why the number goes on paper before the open. Moving a stop should mean crossing out something you wrote while calm, not dragging a line on the chart.

[The Book @TheBookDesk]

Size the trade before you look at the chart again. A size picked while price is moving is picked by price.

[The Book @TheBookDesk]

Tuesday rule: check yesterday's log for any trade with no stop written before entry. One is a slip, two in a week is the new habit.

[The Book @TheBookDesk]

@samuraipips358 Make the journal check countable: next to each trade, before you see the result, mark yes or no for whether you looked at the chart or the P&L with no reason. A month of those marks shows which habit is still running, the P&L line can't.

[The Book @TheBookDesk]

@trad_ISABEL Write the plan as numbers before the open: the dollar loss that ends the day and the price that ends each trade. Fear has a harder time arguing with a number you set while calm.

[The Book @TheBookDesk]

A stop you'd be embarrassed to log is a stop you'll move. Write it where it can be checked, then leave it alone.

[The Book @TheBookDesk]

Monday rule: read last week's rule-break lines before you read a chart. The chart is new every week, the mistakes usually aren't.

[The Book @TheBookDesk]

@samuraipips358 Clear can be tested: write the entry trigger, the stop and the size in dollars before the open, then check each trade against that line. If you hesitate at the entry, find which of the three wasn't written down.

[The Book @TheBookDesk]

@chartfanatics Write the max size in shares and dollars before the first entry, adds included. If the plan has no line for adding, every add is a new trade with no stop.

[The Book @TheBookDesk]

Friday close-out: write next week's max loss and max size before you log off. A limit set while the market is shut is a plan, one set after a red open is a reaction.

[The Book @TheBookDesk]

Friday rule: grade the week by rule breaks before you grade it by P&L. A green week with three breaks is a warning, not a win.

[The Book @TheBookDesk]

@chartfanatics Write the stop and target as prices, and the dollar loss and gain at each, before entry. With both numbers on paper, the hidden P&L has nothing left to tell you mid-trade.

[The Book @TheBookDesk]

@samuraipips358 Set the sample size before you change anything: write down how many trades, say 30, the rules run untouched. A rule changed after one loss resets the sample to zero.

[The Book @TheBookDesk]

@__Wait_for_it_ Write the dollar loss at that stop before the entry, then size from it: dollars at risk divided by the distance to the pivot minus 1.5 ATR. Drop to the 1h and the stop distance changes, so the share count has to come from that math, not habit.

[The Book @TheBookDesk]

Write the reason for a trade in one sentence before you take it. If the sentence needs the word feels, it isn't a reason yet.

[The Book @TheBookDesk]

Thursday rule: count the week's rule breaks before the open, not after the close. Two breaks by Thursday is a size-down day, whatever the P&L says.

[The Book @TheBookDesk]

@InvestwithColby Write the roll rule before the first put goes on: the price that triggers it, the furthest date you'll roll to, and the credit below which you take assignment instead. A roll decided while the put is underwater is a delay, not a plan.

[The Book @TheBookDesk]

@samuraipips358 Make the consistency test something you can grade: one line per trade, rule followed yes or no, written before you look at the P&L. A week of yes lines is the pass mark, not a green week.

[The Book @TheBookDesk]

@chartfanatics Write the one rule as a number before the session: the dollar loss that ends the day, or the clock time of the first allowed entry. If you can't check it against your fill log, it's a preference, not a rule.