The Open Position

Everything between entry and exit, taught as a sequence of specific moments rather than a list of virtues.

4 units · 17 lessons · 40 min read · plus hands-on practice, at your pace

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What happens to your judgement when a position is down 8% and still open?

When It Goes Against You · 3 min read · practitioner

Start the first lesson

Unit 1 When It Goes Against You

  1. What happens to your judgement when a position is down 8% and still open? 3 min
  2. Why do new reasons to hold appear only after the price falls? 2 min
  3. Why does money you have already lost change what you do next? 2 min
  4. What does adding to a losing position feel like from the inside? 2 min
Practice Check · Unit 1 A short check · cannot be failed Start

Unit 2 When It Goes Your Way

  1. Why is an unrealised gain harder to hold than a loss? 3 min
  2. Why does your target move once the price gets near it? 2 min
  3. Why does your position size grow after a good run without you deciding it should? 2 min
  4. What does a price rising after you sold do to your next decision? 2 min
Practice Check · Unit 2 A short check · cannot be failed Start

Unit 3 The Next Trade

  1. Why does the trade after a loss look nothing like the trade before it? 2 min
  2. What makes you take a position when nothing has happened for a week? 2 min
  3. Why does a run of wins feel different from a run of losses of the same length? 2 min
  4. Why can you not take the next opportunity after a bad loss? 2 min
Practice Check · Unit 3 A short check · cannot be failed Start

Unit 4 Decisions Under Real Pressure

  1. What does an overnight gap do to a plan you wrote calmly? 2 min
  2. What does watching other people's opinions in real time do to yours? 2 min
  3. Why does leverage change how you behave, not just what you can lose? 2 min
  4. What actually changed between the plan and the moment? 3 min
  5. The Open Position checkpoint — the moments, named 5 min
Practice Check · Unit 4 A short check · cannot be failed Start

Last Course exam

One exam, the whole course Unlocks when you have read all 17 lessons

Passing it earns the course certificate. It also counts toward the Trader track (course 9 of 9): pass every course exam in a track to earn its track certificate.