Course › Level 4 — Your first trade

Review your trade like a pro

The trade closed — win or lose, the most valuable part starts now: the review. One line in your journal:

Date · Instrument · Direction · Why I entered · Risk ($) · Result (win/loss) · Did I follow every rule? (Y/N) · One lesson

Grade the process, not the outcome

• Followed all rules + lost → good trade. Losses are a business cost; a 1:2 system loses 40–50% of the time and still profits.
• Broke rules + won → bad trade. The market just paid you to learn a habit that will destroy you later. That win is a loan, not a gift.

After 20 journaled demo trades, read the journal in one sitting. You'll see your personal pattern — everyone has one (entering mid-range, moving stops, revenge trading after a loss…). Fixing your pattern is worth more than any strategy video on the internet.

Mark lesson complete