Choose one instrument you understand and check its current price, trend, and recent trading range. Decide whether the trade is based on a clearly written setup rather than a feeling that the price should move.

Define the trade

Enter the direction, quantity, order type, planned entry, stop level, and target in your journal. Keep the position size small enough that the simulated loss is meaningful but manageable.

Review

After the trade closes, compare the result with the original plan. Record whether the setup worked, whether execution followed the rules, and what you would change next time.