Who this is for — To record the outcome in a comparable way: currency and r-multiple. The result is a data point in the journal — not your identity as a trader.
The trade result is the monetary outcome (P&L) and, preferably, in R (multiples of initial risk-per-trade): +2R, −1R, +0.5R.
In plain terms — +€500 on a €50,000 account and +€500 on a €5,000 account are not the same performance. R normalizes. At Bronze record both: currency for the account, R for the process.
Result and trade quality
| Result | Plan followed | Interpretation |
|---|---|---|
| + | Yes | Good process, favorable outcome |
| − | Yes | Normal loss (−1R) |
| + | No | Dangerous profit (error reinforced) |
| − | No | Double damage: money + habit |
Example — Week: +1R, −1R, −1R, +2.5R, −1R. Total +0.5R. In cash (R=€80): +€40. The journal shows modest edge but survival — without the fourth disciplined trade it would have been negative.
Card
- What it is: P&L and R-multiple of the closed trade.
- When to record it: at close, in the journal.
- Typical mistake: obsessing over a single trade instead of the series.
Bronze path — Module: First trading journal. Part of bronze-path.
Links
Module: Module 6 — First trading journal
Turn every trade into data.
