The risk sheet
Seven lines, filled before the pattern gets a vote.
This is the page used on the Intensive, at a Desk Review, and on Saturday morning. It is paper. You can copy the order into any notebook.
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01
Name the setup in your own words
One sentence, without a textbook label if the label is doing the thinking for you. If you cannot say what you see, the later lines have nothing to serve.
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02
The price that proves it wrong
The invalidation. A level you can point to on the chart. How much pain feels acceptable is a poor guide, and a line drawn only to protect a preferred lot size comes off the page.
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03
Distance
From the price where you would act to the invalidation, measured in the units of that chart. A gap after a holiday is part of the distance if your level sits on the other side of it.
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04
Baht at risk if that price is hit
A number you decided before you admired the pattern. The Intensive asks you to bring this figure on the first evening.
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05
Quantity
The planned loss divided by the distance, adjusted for a rough fee if you know it. A wider invalidation produces a smaller quantity. We do not reverse the sum to flatter the size.
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06
Weekly loss still unused
The cap for the week, minus what earlier ideas have already spent. If the remainder is smaller than line 04, this idea waits.
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07
A reason to stand aside
Even when the pattern is tidy: the cap is spent, the invalidation is a wish, the chart is too wide for the loss you can stand, or you cannot say the setup in one sentence.
The October Intensive walks a full sheet across four evenings. The Saturday studio fills lines 02 through 05 on three shared charts. A Desk Review marks up a sheet you already keep.