What you will learn
- Instrument checklist
- Session plan
- Event awareness
- Risk worksheet
Instrument checklist
Begin with a product fact sheet: symbol, provider, price units, multiplier, minimum size and relevant schedule. Use the actual demo instrument's specification. This prevents a technically successful click from representing an unintended quantity.
Session plan
Set a hypothetical practice budget and calculate ordinary and adverse-execution scenarios. The budget is an exercise constraint, not a recommendation for live funds. If the minimum size exceeds it, document that the planned order is unsuitable.
Event awareness
Choose one observable setup and a defined observation window. Record qualifying cases even when they are unattractive or lose. A practice log that selects only pleasing examples cannot evaluate whether the rule was followed consistently.
Risk worksheet
Prepare a journal template before the first order. Include planned and actual values, timestamps, costs, reasons and screenshots where useful. Distinguish simulated fills from executable live evidence in every exported report.
Worked example
A hypothetical practice rule allows one contract only when estimated loss is at most 30. An instrument with estimated loss of 45 at its minimum size fails the rule even if the platform allows the order.
Try it yourself
Prepare a go/no-go sheet for that case. Include the arithmetic, the platform's minimum size and the decision that follows the exercise constraint.
Show the worked solution
The sheet should show that minimum-size loss 45 exceeds budget 30 and therefore mark no trade for that instrument under that plan. Platform acceptance would not make the order fit the budget.
Apply this to your course project
Submit a demo decision log with a no-trade decision and a loss review.
Keep the calculation inputs, assumptions and decisions with your work. Practical exercises are self-reviewed; the scored knowledge checks assess the questions shown, not an independent certification of practical competence.