What you will learn
- Submit an instrument specification
- Explain a position-size calculation
- Demonstrate cancel and replace
- Defend a no-trade decision
Submit an instrument specification
Submit the instrument specification and identify the fields that control quantity and price risk. Explain the source of each field. The reviewer should be able to reconstruct what the order represented without guessing from the symbol name.
Explain a position-size calculation
Show a worked position-size calculation with costs and an adverse fill scenario. Explain rounding and why an invalid input blocks an output. The arithmetic matters more than choosing a particular percentage budget.
Demonstrate cancel and replace
Demonstrate cancel and replace using acknowledgements or a clearly labelled written simulation. Show how intervening fills change the remaining requirement. A clean final screen alone does not prove the transition was handled correctly.
Defend a no-trade decision
Defend a no-trade decision using the information available at the time. Later price movement does not determine whether that decision followed the rule. The assessment asks for process evidence, not retrospective perfection.
Worked example
A learner stays out because the required quote is stale; price later moves favorably. The missed gain does not invalidate the data-quality rule. Rewriting the decision based on the later outcome would introduce hindsight.
Try it yourself
Prepare a final practice portfolio containing a fact sheet, sizing worksheet, order-state trace and no-trade explanation. Identify one limitation of each item.
Show the worked solution
A complete portfolio exposes assumptions: specifications can change, planned fills can slip, a written trace may not represent live behavior, and a no-trade rule may need evaluation across many cases. Naming limitations strengthens rather than weakens the submission.
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.