THE COMPLETE RECORD
Trade Journal
Every closed position in sequence, losses included and unhidden. Results are recorded in R — multiples of the sum risked — because a record expressed in currency tells you about account size, while a record expressed in R tells you about process.
POSITIONS CLOSED
26
STRIKE RATE
46.2%
AVERAGE WIN
+2.59R
AVERAGE LOSS
-0.89R
EXPECTANCY
+0.72R
PROFIT FACTOR
2.49
Cumulative R
NET +18.6R · LONGEST LOSING RUN 2
Each bar is the running total after one closed position, expressed in R — multiples of the amount risked. Measuring in R rather than currency makes the record independent of account size.
- 2026-08-19SOLLONG+3.0RTarget reached in full; trailed final third.
- 2026-08-18BTCLONG-1.0RInvalidation hit. Thesis void, exited at stop.
- 2026-08-15ETHSHORT+2.1RClosed early into support; second target unfilled.
- 2026-08-14SOLLONG-1.0RStopped out on broad market reversal.
- 2026-08-12BTCLONG-0.4RScratched. Structure deteriorated before target.
- 2026-08-11LINKLONG+3.4RFull target. Highest conviction entry of the month.
- 2026-08-08ETHLONG-1.0RStopped out. No adjustment to original level.
- 2026-08-07BTCSHORT+1.6RPartial target; closed ahead of macro release.
- 2026-08-05SOLLONG-1.0RInvalidation hit within session.
- 2026-08-04ETHLONG+2.9RTarget reached. Held through mid-position drawdown.
- 2026-08-01BTCLONG-1.0RStopped out at predefined level.
- 2026-07-31SOLSHORT-0.6RReduced and exited as momentum failed to confirm.
- 2026-07-29ETHLONG+4.2RExtended target. Largest single result in the period.
- 2026-07-28BTCLONG-1.0RStopped out. Entry was premature.
- 2026-07-25LINKLONG-1.0RInvalidation hit on sector weakness.
- 2026-07-24SOLLONG+2.4RTarget reached; no extension taken.
- 2026-07-22BTCLONG+1.1RClosed at first target ahead of the weekend.
- 2026-07-21ETHSHORT-1.0RStopped out. Counter-trend attempt, correctly sized.
- 2026-07-18SOLLONG-1.0RInvalidation hit. Third consecutive loss in sequence.
- 2026-07-17BTCLONG+3.6RFull target after extended consolidation.
- 2026-07-15ETHLONG-0.5RScratched at breakeven-minus-costs.
- 2026-07-14SOLLONG+2.2RTarget reached on second attempt at the level.
- 2026-07-11BTCSHORT-1.0RStopped out. Trend continuation underestimated.
- 2026-07-10LINKLONG+2.7RFull target. Position sized at 0.75% risk.
- 2026-07-08ETHLONG-1.0RInvalidation hit.
- 2026-07-07BTCLONG+1.9RPartial target; balance trailed to breakeven.
Illustrative record for methodology demonstration. Results are expressed in R and assume disciplined execution at the published risk limit. Past performance is not indicative of future results; you can lose your capital.
Why the losses are here
A strike rate below fifty per cent is not a defect in this record; it is the expected consequence of accepting asymmetric risk. Fourteen of these positions lost. The record remains positive because the average gain is materially larger than the average loss — which is the entire proposition, and the reason position sizing is treated as doctrine rather than preference.
Any desk can present a curated selection of profitable positions. The information that matters to an allocator is the shape of the losing sequence: how long it ran, how deep it went, and whether the operator adjusted their risk limit while it was happening. We did not.