What you will learn
- Planned entries
- Stop handling
- Planned exits
- No-trade decisions
Planned entries
Practise placing and cancelling an order while reading acknowledgements and remaining quantity. The objective is correct state interpretation, not obtaining a favorable price. Include an unfilled order so cancellation behavior is actually observed.
Stop handling
Practise a partial-fill scenario if the environment supports it, or use a written simulation otherwise. Requested quantity, filled quantity and remaining quantity must reconcile. Do not claim that a platform produced partial fills if the exercise was only a worksheet.
Planned exits
Practise a protected position and distinguish its trigger condition from its eventual fill. A chart may use a different price stream from the trigger. Record the provider's convention and the observed result without assuming universal behavior.
No-trade decisions
Practise a no-trade decision caused by missing data or an unmet rule. Record the reason with the same care as an executed order. This demonstrates that the plan controls eligibility rather than merely justifying activity after the fact.
Worked example
In a written scenario, an order requests four units, fills one and leaves three working. The learner must identify both current exposure and possible additional exposure before deciding whether to cancel the remainder.
Try it yourself
Reconcile that order and describe the state after a confirmed cancellation of the remaining three units, assuming no intervening fill.
Show the worked solution
Before cancellation there is one filled unit and three working. After confirmed cancellation with no intervening fill, one unit remains as exposure and zero remains working. Cancelling an unfilled remainder does not close the existing unit.
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.