Candleread
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Grade 8 of 10

Mind and Journal

The part most people skip in every market: your feelings, demo practice and keeping a journal.

19 lessons · about 55 minutes · Badge: Cool Head

0/19
Start Grade 8

After this grade you can

  • Notice fear and greed before they click for you
  • Practice on a demo account the right way
  • Keep a trading journal you will actually use
  • Stop after a losing streak, not during it

Lessons

Trading Psychology

  1. 1Loss aversion: why losses sting twice as hardExplain prospect theory's loss aversion and identify how it shows up at the chart — cutting winners too early and holding losers too long.3 min
  2. 2Recency bias: the last trade is not the next tradeDefine recency bias and recognize how recent wins or losses distort your read of an otherwise valid setup.3 min
  3. 3Confirmation bias: you see what you want to seeDefine confirmation bias and learn the steel-man drill that forces you to look for evidence against your trade before taking it.3 min
  4. 4Revenge trading: the most expensive 90 secondsIdentify the emotional cascade that drives revenge trading and pre-commit a 'cooling rule' to break the loop.3 min
  5. 5The journal habit: 5 minutes a trade, foreverBuild a simple per-trade journal entry — entry reason, exit reason, emotion, lesson — and understand why this habit compounds harder than any indicator.3 min
  6. 6Meditation and trading: 10 minutes for a less reactive brainUnderstand why a short daily mindfulness practice reduces emotional reactivity at the chart, and learn a simple 10-minute routine you can start tomorrow.3 min
  7. 7Losing streaks: shrink, return, restOperate a 3-step playbook for losing streaks — reduce size, return to A+ setups only, take a day off after 3 consecutive losses.3 min
  8. 8Winning streaks: the more dangerous sideRecognize why winning streaks blow up more accounts than losing streaks, and apply the 'same rules, win or lose' discipline.3 min
  9. 9The boredom problem: chop days are the most dangerousRecognize the boredom-driven over-trade pattern and pre-commit to the 'no setup, no trade' rule for low-volatility sessions.3 min
  10. 10Finding a peer or coach: trading alone is the slow laneIdentify three accountability-partner paths — peer, coach, vetted community — and learn the vetting questions that filter signal from noise.3 min

Demo Discipline

  1. 11Why demo first: and why most people skip itExplain why a demo account is the right starting point and what most beginners get wrong about it.3 min
  2. 12What to measure on demoIdentify the four core metrics every demo trader should track and what each one tells you.3 min
  3. 13The trading journal: fields that matterIdentify the journal fields every trade entry should capture and why each one earns its space.3 min
  4. 14The 60-second after-trade reviewApply a 60-second post-trade review that captures emotion and decisions while they're still fresh.3 min
  5. 15Replay tools: practicing without waitingApply replay tools to compress weeks of demo practice into hours of historical decision-making.3 min
  6. 16Tracking by setup, not just by win/lossDistinguish setup-level performance tracking from overall win/loss tracking and explain why it matters.3 min
  7. 17The 90-day demo gateJustify the 90-day, 100-trade demo gate before any live capital is deployed.3 min
  8. 18Going live with the smallest size possibleApply the smallest-size-possible rule when transitioning from demo to live capital.3 min
  9. 19The psychological gap between demo and liveExplain why a live $1 loss hits harder than a demo $1,000 loss and how to close the gap.3 min

Need a broker to practice?Start with a Genesis demo accountPaid partner link

Demo first. Trading has risk of loss. Education, not financial advice.