A win is not the same as a good trade.
Score each trade on whether you followed your plan, then mark how it ended. See how many of your wins came from breaking the rules, and what following them was actually worth.
Free, with no sign up. Your trades stay on this device and nothing is sent anywhere.
Plan followed or broken, won or lost
Each trade, oldest on the left
Log a trade
Answer about the trade itself, as if you did not yet know how it ended.
1R is the amount you risked, so a 2R win made twice that.
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Your trades
Using it well
A win does not make a trade right, and a loss does not make it wrong. The scorecard keeps the two apart.
Score it before you look at the result
Answer the six questions as if the trade had not closed. Once you know how it ended, memory tends to bend the process to fit the outcome.
Leave the plan alone after a good loss
A loss that followed your plan is the cost of the plan. Changing a rule because of it is how a working plan gets worse. Fix the trades where you broke it.
Review once a week
Do it on Friday. The free Weekly Plan holds the rules you wrote, and the scorecard shows whether you kept them.
Get the Monday market read, and the Week-Ahead Calendar.
Every Monday you get my higher-timeframe overview of where the market sits going into the week, with the week's calendar linked in it. Your trades stay on this device. The email is where you hear about new tools like this one.
Double opt-in: confirm from your inbox and the calendar opens straight after. Unsubscribe anytime.
Continuum Community works through the week together: the market context, the process work, and exercises like this one. Continuum Education is the full process in one place, as a one-time purchase with lifetime access.
The research behind it
- Baron, J., and Hershey, J. C. (1988). Outcome bias in decision evaluation. Journal of Personality and Social Psychology, 54(4), 569-579.
- Fischhoff, B. (1975). Hindsight is not equal to foresight: the effect of outcome knowledge on judgment under uncertainty. Journal of Experimental Psychology: Human Perception and Performance, 1(3), 288-299.
- Duke, A. (2018). Thinking in Bets. Portfolio. The term “resulting” for judging a decision by its outcome.
The Trade Review Scorecard is an educational tool. It is not trading advice. The six questions, and the rule of thumb that a trade counts as following the plan when you answer yes to at least five of them, are my own practical choices rather than research findings. Your trades are stored in this browser only. Clearing your browser data removes them. If you also use the Pre-session Check-in, this page reads its log from the same browser to compare your Clear days with the rest, and nothing leaves your device. Trading involves risk, and you should only trade with money you can afford to lose.
