A complete review sheet that separates good process from good outcome and poor process from poor outcome.
Use note
This worksheet is an educational process-control template. It does not produce signals, recommendations or guaranteed outcomes. Record real decisions honestly; do not rewrite the journal after the result is known.
Purpose
To prevent wins from hiding mistakes and losses from hiding good decisions. The sheet grades the process, not only the result.
Best used when
- After every real or replay trade
- After a large win
- After a painful loss
- During weekly review
Core fields
- Original thesis
- Evidence quality
- Execution quality
- Risk quality
- Management quality
- Outcome
- Mistake type
- One improvement
Worksheet checklist
Questions to answer before the decision is accepted
Workflow
Step-by-step use
- 1
Copy the pre-trade thesis.
- 2
Score evidence, execution, risk and management separately.
- 3
Identify whether the result was deserved, lucky, unlucky or poor process.
- 4
Write one improvement only.
- 5
Add the lesson to the mistake log if needed.
Scoring rubric
- 5 = objective process grading
- 3 = review useful but outcome-biased
- 1 = emotional summary only
Red flags
- Calling a profitable mistake skill
- Calling a disciplined loss failure
- Writing too many improvements
- Editing the original thesis after the fact
Practice task
Review the last ten trades and classify each as good process/win, good process/loss, poor process/win or poor process/loss.
Printable worksheet
Use this area for your own notes
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Source notes
These sources inform the vocabulary, process framing, and risk discipline. The worksheet itself is an educational journaling tool, not financial advice.
- Wyckoff Method — market context and cause/effect disciplineExternal source
- FINRA — investment risk and order considerationsExternal source
- Investor.gov — order execution basicsExternal source