Write the stop distance before you write the size
A round lot feels tidy. It also hides the fact that two ideas with the same lot can risk very different money once the stop is measured.
Journal
Short pieces from the table: how a stop becomes a size, and what a risk card is willing to hold.
A round lot feels tidy. It also hides the fact that two ideas with the same lot can risk very different money once the stop is measured.
An invalidation level is the price that proves this idea wrong: one swing you can point at, with the stop sitting on it.
The numbers below are a classroom example for the division only, using a made-up point value.
The card is a measuring note you can reread before an order: six lines, then the page is full.