Build the foundation
Learn the common language behind structured trade records.
TradeNarraACADEMYExplore TradeNarra ↗Learn the language of better trading
Understand the idea.
Apply it to your process.
Build confidence in the concepts you use every trading day. Follow clear explanations, realistic examples, guided learning paths, and prompts you can apply directly to your own journal.
⌕16 concepts
16Practical concepts
3Guided paths
0Marked understood
GUIDED LEARNING PATHS
Start with the decision you want to improve.
Each path connects definitions to the questions worth recording in your journal.Define risk before reward
Translate an idea into deliberate size, invalidation, and payoff.
Review the process
Separate decision quality from outcomes and locate repeatable evidence.
IN-DEPTH LESSONS
Go beyond definitions.
Each focused lesson explains the idea, shows how it affects real decisions, and ends with prompts you can apply to your own journal.How to Start a Trading Journal That You Will Actually Use
Build a useful record around decisions, risk, execution, and review—not a spreadsheet you abandon after three trades.
R-Multiple: Compare Trades Using the Risk You Accepted
Learn how R normalizes different position sizes and turns trade outcomes into a comparable measure of execution.
Trading Expectancy: What Your Average Trade Is Really Producing
Combine win rate, average win, and average loss to judge a process beyond its latest outcome.
Risk-to-Reward and Position Sizing Before a Trade
Translate invalidation and account risk into a realistic target and a position size that keeps risk controlled.
Maximum Drawdown and Profit Factor Without Misreading Them
Use two complementary performance measures while avoiding the conclusions that small samples cannot support.
Market Regimes: Give Every Setup the Right Context
Label trending, ranging, volatile, and compressed conditions consistently so strategy results can be compared in context.
Slippage, Liquidity, and Order Execution
Understand the difference between an intended price and a real fill, and record execution costs that charts can hide.
Stop-Loss Placement Starts With Invalidation
Define the event that proves a trade premise wrong before using the distance to calculate position size.
Trading Psychology: Outcome Bias, Confirmation Bias, and Revenge Trading
Identify three common reasoning failures by recording decisions before results can rewrite the story.
How to Run a Weekly Trading Review
Turn a week of trades into one evidence-backed priority instead of a long list of vague resolutions.
CONCEPT LIBRARY
Build a language for better review.
PLAIN-LANGUAGE EXPLANATION
R gives every trade a common unit. If your planned loss is $25, then $25 is 1R. A $50 gain is +2R and a $12.50 loss is −0.5R. This lets you compare trades of different sizes without confusing position size with execution quality.
FROM KNOWLEDGE TO EVIDENCE
Definitions matter when they change the next review.
Use these prompts after a trade to turn a familiar term into an observable part of your process.01Before the trade+
What objectively invalidates the idea? What is 1R in account currency? Which market regime supports the setup?
02After execution+
How did the fill, fees, and slippage change planned risk? Was the order type appropriate for liquidity?
03During review+
Would the decision still look sound if the result were reversed? Is the pattern supported by enough comparable trades?
KNOWLEDGE CHECK
Test the reasoning—not the vocabulary.
Three short scenarios. Your answers stay on this page and are not sent anywhere.You risk $30 and close with $45 net profit. What is the result?
Which best describes a high-quality losing trade?
What does a 1:2 risk-to-reward ratio tell you?
EDITORIAL METHOD
Useful before it is searchable.
Every Academy lesson is designed to help a trader understand a concept, test it with transparent arithmetic, and apply it to their own records—without pretending education is a trade signal.Define the term plainly
We begin with what the concept means and distinguish it from nearby ideas that are often confused with it.
Show the reasoning
Where arithmetic matters, the inputs and calculation are written out so the result can be checked rather than merely accepted.
Connect it to a decision
Worked examples, common mistakes, and journal prompts turn the definition into something a trader can observe and review.
State the limits
Examples are simplified, instrument details vary, and no lesson recommends a trade or promises a financial outcome.
YOUR PROCESS. YOUR EDGE.