Log Every Session in Points

Your memory keeps the wins and forgets the losses. A log doesn't. On the Paper Route, the log is the product: on day 30 it's the evidence you'll judge yourself by.

Record every trade

• Date and time
• Long or short
• Entry, stop and exit prices
• Result in points
• Did it match my setup? Yes or no
• Did I follow my plan? Yes or no
• One line on what happened

Why points, not dollars

Points measure the strategy; dollars measure your size. Keeping score in points stops you from fooling yourself by changing size, and it's how I keep my own log.

Back it up

TradingView (affiliate link)'s paper account keeps your history. In the account manager you can download your trade history as a file. Do it once a week, so a reset never wipes your evidence.

Coming soon: Signal Candle, my own TradingView indicator. It marks each signal candle on the chart once it has closed, checks whether the next candle continued, and counts every signal in a panel. It's how I see how many points each trade took, good or bad, and it'll do a lot of this log for you. It'll be free, and it'll be added to this lesson when it's ready.

After every session, one question

Not "did I make money?" but "did I follow my plan?" A red day with every rule followed is a good day on the route. A green day where you broke your rules is a warning. Write the answer down.

Want a dedicated tool? See what a trading journal is. A spreadsheet works fine.

Your task

Set up your log, then trade your first session by the plan and log it. You're on the route. Then read lesson 11 on a day the market is closed.