Yes, you might not have lost money on that trade, but how much did you risk to make what you earned?

Before going into a trade, make sure to know how much you’re risking, and have your Stop Loss amount set.

This is the amount ($) you’re initially risking in this particular trade to potentially get your Initial Target amount.

To get your trade risk, input your Stop Loss, which you ideally have set before taking on the trade.

To get the initial target, input your planned Profit Target.

Initial Target / Trade Risk

This means you’re planning to earn X times your Trade Risk.

Ideally, you should be aiming for X to be 2 or more, but anything above 1R is acceptable.

If this is equal to or lower than 1R, consider lowering your Trade Risk

Net P&L / Trade Risk

This is the outcome of the trade in terms of your risk.

Ideally, you should hit your Planned R-Multiple (assuming this is 2R and above), or go beyond it.

Before even entering a trade, have your Stop Loss set at a level where your trade would be proven wrong. Take note of this so you could input this during your trade recap.

Plan your profit to be at least 2x the amount you’re risking.