Your trading playbook: what's in it?
A playbook collects your setups, rules and routines in one document — the accumulated decisions you no longer have to make live. Writing it forces the strategy to become explicit.
What does yours contain?
- the setups with their precise rules
- the routines and checklists
- how you update it as you learn
The journal guide and expectancy guide supply the playbook's raw material.
Background: How to keep a trading journal that actually improves your trading
A journal turns a pile of trades into evidence. What to record, the numbers worth calculating and a weekly review routine that takes less than an hour.
What should a trading journal include?
For each trade: the pair, direction, size, entry, stop, target, risk, the reason for the trade, how you felt, the result in money and in R, whether you followed your plan, and chart screenshots.
How do I calculate expectancy?
Multiply your win rate by your average win, then subtract your loss rate multiplied by your average loss. Measured in R, a positive result means the approach has made money per trade on average.
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