A first trade on Demo
An interactive situation: make a decision and read the breakdown.
Go through a full decision cycle: context → idea → action → review.
Price is rising, pulls back, and forms a higher low above the previous one. The trend structure is intact.
Time to apply everything from this level. Below is a real market situation with the rest of the chart hidden. Your task: decide BUY, SELL or SKIP.
- 01Identify the structure: what the highs and lows are doing
- 02Find a zone price has already reacted to
- 03Check whether there is confirmation of the reaction
- 04State the boundary of invalidation
- 05Only then press a button
Do not hurry the answer. The point of the exercise is not to guess but to go through the whole chain in the right order.
A reminder: “Skip” is a full answer. In the practice situations of this course it is regularly the right one.
Key takeaways
- The decision comes after the full chain, not from a first impression.
- The phrase “I am wrong if …” is compulsory.
- “Skip” is a working answer, not an evasion.
On risk
The situation is educational. It shows the logic of making a decision, not a recommendation to trade on a real market.
A practical example
Before pressing, write one sentence in the journal to the template: “I choose …, because …, and I am wrong if …”.
After the breakdown, compare your wording with the explanation. Matching the logic matters more than matching the answer.
Lesson 14 of 15 in “YOUR FIRST TRADE”