The whole loop, once
Calendar, plan, record, review — in that order, with nothing skipped.
Take one trade idea from the morning economic calendar to the monthly review without skipping a stage: check what high-impact releases are due, read the analysis as a trade plan with entry conditions and an invalidation level, size the position from a fixed risk budget, write the plan down before the result exists, record the actual fills, and read the evaluation for exactly what it can — and cannot — see. Then, once a month, read the journal for habits rather than for profit and loss.
6 chapters · 5 quiz questions · 9 terms · included with a plan
Otus, on this module
Everything up to now has been a component. This is the order the components go in, done once, properly, on a real idea. It is slower than simply taking a trade. It is also the only way of trading that tells you afterwards, in writing, whether you are getting any better.
The chapters
Each module ends with you doing what it taught — a written answer Otus reads, and a quiz.
- 01 · Read
Before the chart: what prints today
Two minutes with the economic calendar, before looking at a single candle.
- 02 · Read
Run an analysis and read it as a plan
Context, conditions, invalidation, calendar, size — then the three prices.
- 03 · Read
Write the plan down before the result exists
Your Notes, filled in before price decides anything.
- 04 · Read
After the close: the numbers actually achieved
Update Trade Outcome, then read the evaluation for what it can see.
- 05 · Read
Once a month: read the record, not the feeling
The Journal's monthly review — counts first, notes second, statistics last.
- 06 · Write
In your own words
Five lines. Otus reads them.
- 07 · Quiz
Knowledge check
Five questions. A wrong answer still earns XP; it only breaks the combo.
9 terms this module defines
The same definitions Otus uses in the lessons. All of them are in the trading glossary.
- The loop
- Calendar, plan, record, review — in that order, every time. Its value is not any one trade but the written record that says, after a month, what the trades are actually worth.
- The note before
- The plan written down before the result exists: calendar line, entry condition, size, and what would disqualify the idea. Evidence — where a note written afterwards is a story.
- Actual fills
- The prices at which a position was really entered and exited, as opposed to the levels on the plan. The difference between the two is the most useful number on the outcome page.
- Execution and verdict
- Two questions a review answers separately: was the plan carried out as written, and was the plan sound? A good plan executed badly and a bad plan executed well both need saying.
- What the evaluation cannot see
- Everything between the entry and the exit that the numbers do not show — a moved stop, an early close, a condition not waited for. Only the notes can carry it.
- MAE
- Maximum adverse excursion: the furthest price moved against a position while it was open, best measured in R. Winners that nearly touched the stop on the way show up here first.
- MFE
- Maximum favourable excursion: the furthest price moved in favour of a position before the exit, best measured in R. A large MFE against a small result points at the exit, not the entry.
- Post-mortem
- The review of a trade after it has closed, especially one that went wrong. Its purpose is to find what could have been known in advance — not to explain the result after the fact.
- Disqualifier
- A condition, written in advance, that means an idea will not be taken even if the price arrives — a release too close, a structure that has changed. It makes "no trade" a decision.
Finishing it pays 250 XP and 5 keys on the game board, on top of what each chapter earns. XP measures what you learned — never what you earned. How levels work.
Education only. Nothing here is a recommendation to buy or sell anything; the school teaches reading charts, never predictions.
Start with lesson one.
The first modules, Otus as your tutor and the game board are free. No card needed.