Beginner · Lessons 1–24

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Quotes, orders, costs, position sizing, context and the first review process.

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Beginner concept review

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Market foundations

1. A USD 6 adverse move affects a linear short position of 4 ounces by how much before costs?
2. You need the exact sequence of trades inside an old candle. Is its OHLC summary sufficient?
3. A working entry order remains after its setup has expired. What should the review flag?
4. A method earns 0.15R per trade gross and incurs 0.20R per trade in consistently measured costs. What is net expectancy?
5. A stop is 10 dollars from entry, but a gap produces a fill 14 dollars away. Which assumption failed?
6. A practice session ends profitably, with three undocumented rule exceptions. What should the journal preserve?

Risk & execution

7. The risk budget is USD 60, stop distance USD 12 per ounce and contract size 100 oz per lot. What is theoretical size before costs?
8. Your broker increases leverage while your position size and price path stay the same. Does that alone reduce the position’s price loss?
9. A study labels a level only after seeing a clean reversal there. What evidence is missing?
10. A release time changes because the source timezone enters daylight saving. What should your schedule use?
11. You keep changing timeframes until one supports the trade you want. What should the review flag?
12. A record has 70 wins of USD 1 and 30 losses of USD 3, with no other costs. What is the total result?

Conditions & review

13. Your trend rule requires a defined sequence of swings, but current swings are ambiguous. What preserves the method?
14. An ATR reading is 15. Can the next true range exceed 15?
15. A breakout study saves 12 successful examples and excludes 8 qualifying failures. What is wrong with its evaluation?
16. An account drops 50% from its peak. What percentage gain on the remaining capital restores that peak?
17. After inspecting the separate evaluation period, you repeatedly tune the rule to improve it. What has changed?
18. You complete a checklist after placing the order. Which function has it lost for that decision?

Execution & evidence

19. Two observation windows show different spreads. What must be kept comparable before attributing the difference to the session?
20. An order audit calculates -USD 52 from actual fills plus USD 2 of separate commission. What is net P/L before other adjustments?
21. A USD 60 aggregate practice budget faces two planned losses of USD 40 and USD 35. What does the comparison show?
22. An original USD 100 risk base produces USD 50 on a first partial exit and USD 100 on the rest. What is the combined R outcome before costs?
23. Reordering the same twenty outcomes preserves the final sum. Can the interim drawdown and running estimates differ?
24. A review changes several method rules and blends the new trades with the old record without labels. What has been lost?

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