Free starter · Top 10% Trader

The First 15 Trades

Print this at home, or open it on a tablet and annotate with a stylus. One page per trade — fill the WHY and HOW before you enter, the OUTCOME and REVIEW after you exit.

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A journal is not a diary of profits. It is a mirror. Its job is to show you — honestly — whether you followed your own rules, so you fix the decision, not chase the outcome. Grade the decision, not the result: a good decision can lose money; a bad one can get lucky. If you can't fill the pre-trade fields, you don't have a trade — a blank "maximum loss" box is the journal telling you to walk away.

My Rules — fill once, then obey

Guardrails you set while calm, so the market can't set them for you while you're not.

Total trading capital (Rs): ____________________
Max risk per trade (1–2%) = Rs: ____________________
Max loss in a single day = Rs: ____________________
Max open trades at once: ____________________
Instruments I will trade (e.g., Nifty index options only, to start): ____________________
My no-trade conditions (when I will not trade): ____________________

I only take trades where my maximum loss is defined and known before I buy. I do not sell naked options. I size every trade to my max-risk rule before looking at the potential profit. I stop for the day when I hit my daily loss limit — no revenge trades.

Trade #001Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #002Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #003Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #004Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #005Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #006Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #007Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #008Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #009Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #010Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #011Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #012Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #013Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #014Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

Trade #015Date ____ / ____ / ______
The instrument
Underlying
Index / Stock
Call / Put
Strike
Expiry
Lots × size
The why (before entry)
Thesis in one plain sentence — what I expect and roughly when
What has to be true?
Catalyst / why soon
The how (before entry)
Entry (premium)
Max loss (Rs)
Max loss (% cap)
Within 1–2%?
Exit if wrong
Exit if right
State of mind
Outcome & review (after exit)
Exit price
P&L (Rs)
R-multiple
Grade (A–F)
Followed all my rules? What did I learn? (Grade the decision, not the result)

☐ This is a defined-risk trade (I know my worst case).

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Educational content only — not investment advice. Trading in F&O carries a high risk of loss. Companion to the Top 10% Trader book series and the full Basic/Pro Trade Journals.