1. Before the session, write today’s plan in Daily review.
2. After each trade, add it to Trades: date, entry, exit, stop, size and $ per point (see the list below for your market). P&L, risk and R fill in by themselves.
3. Grade it A to F on how well you followed your plan, not on the P&L. A good trade can lose and a bad trade can win.
4. Tag the mistake if there was one, and what it cost you in dollars.
5. Once a week, go through Weekly review. The Mistakes view on Trades shows what each mistake has cost you in total, and the most expensive one becomes next week’s fix.

$ per point by market

$ per point is the dollars you make when price moves 1.0 for 1 unit of Size. The template does the rest: price move x size x $ per point, minus fees.

• Futures (size = contracts): MNQ 2, MES 5, M2K 5, MYM 0.5, NQ 20, ES 50, RTY 50, YM 5, CL 1000, GC 100.
• Stocks and ETFs (size = shares): 1.
• Options (size = contracts, prices = the option premium): 100.
• Forex pairs ending in USD, like EURUSD, GBPUSD, AUDUSD (size = lots, 0.1 is a mini lot): 100000.
• Forex pairs starting with USD, like USDJPY, USDCAD, USDCHF: 100000 divided by the price. USDJPY at 150 is about 667.
• Other pairs, like EURGBP: 100000 times what 1 unit of the second currency is worth in USD.
• Gold, XAUUSD (size = lots): usually 100. Check your broker’s contract size.
• Crypto (size = coins): 1.
• Index CFDs and anything else: the dollars a 1.0 move makes on 1 lot. Your broker lists it as the contract size.