Risk and execution
The boundary between chart rules and the trader's account plan.
The chart process identifies a 1-2-3, an eligible PTB, and the first structural decision point. It does not choose an account risk amount for the student.
Source guidance
- Size contracts from entry-to-stop distance.
- Use MNQ when NQ makes the structural risk too large.
- Start at the lowest appropriate risk.
- Stoic Trader personally describes about $1,000 as 1R and stops at -2R or after two full losses.
- Take one to three trades per day, with three as the maximum stated in the session.
Stoic Trader's amounts and limits describe his personal workflow. Students need their own written limits.
Open fields
- exact entry buffer
- fill and gap handling
- slippage and cost threshold
- fixed partial quantity
- universal stop hierarchy
- universal trailing precedence
Do not fill these gaps from an old rule or from hindsight.