LESSON 12 ~12 MIN · AT YOUR OWN PACE
Your first guided practice
Put together what you have learned. No real money.
STEP 3 OF 4
3. A made-up risk plan
For the arithmetic, assume Entry 100, Stop 95, Quantity 10 and Target 110. These are numbers for the exercise, not a setup recommended from the chart. Work out the planned loss first, and only then look at the target.
AN EXAMPLE
Exit at Stop 95: gross −50. Exit at 92 after a gap: −80. Exit at Target 110: gross +100. The effect of costs is left out of all of these.
RememberPaper practice does not fully reproduce the stress, slippage and discipline of real money.
Sources and further reading
Sources in English · Content reviewed on 28 September 2026. We made the examples for learning; they are not broker recommendations.
CME Group · Practice and trade plan (opens in a new tab)Investor.gov · Order types (opens in a new tab)Fidelity · Support and Resistance (opens in a new tab)