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Guide · 01 · Setup · 4 min

Start with your risk numbers

Before you log a single trade, four numbers need to be set. Every score, every lock, every warning in the console is calculated from them. This is a two-minute setup that changes what everything else means.

Why this comes first

Everything in the console reads from Rules & Risk. The Log Trade form needs an account size and risk % before it can calculate position size. The daily loss lock needs a max daily loss to know when to close the gate. The discipline score needs a max risk per trade to know what "staying inside your limit" even means.

If you log trades before these numbers are set, the app will still record them — but none of the derived metrics will mean anything. R-multiples will be wrong. The daily lock won't fire. The score will be off.

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Two minutes now saves you from re-doing it later. You can change these numbers at any time, and existing trades will recalculate against the new settings — but the cleaner the setup from day one, the cleaner the data you end up with.

The four numbers

There are four fields to fill in, plus one optional one. Here's what each of them does:

Account Size in dollars
The actual balance in your trading account right now. Not the amount you wish were there, not the amount you started with — the current number. Every dollar risk calculation scales off this.
Risk per Trade as % of account
How much of the account you're willing to lose on a single trade. This is the single biggest lever on your long-term survival. Most traders land between 0.5% and 2%.
Max Daily Loss as % of account
The hard stop for the day. Once today's realized P&L hits this, the Log Trade form locks. Usually set to 2–3× your per-trade risk.
Max Trades per Day integer
A cap on quantity. Prevents the "one more trade" spiral that turns a bad morning into a bad week. 2–4 covers most day-trading workflows.
Point / Contract Value optional
Only matters for futures. Leave at 1 for stocks and crypto. For ES, set to 50. For NQ, 20.

Where to set them

01
Open the console and click Rules & Risk

It's the fourth item in the sidebar. The page opens with a two-column layout — risk parameters on the left, derived limits on the right.

02
Fill in the Risk Parameters card

Four fields across two rows: account size, risk %, max daily loss, max trades. Plus the point value at the bottom if you trade futures.

03
There is no save button

Every field saves the moment you tab out or click away. The Derived Limits card on the right updates immediately — that's your confirmation the numbers were accepted.

04
Check the derived limits card

It shows Max Risk / Trade and Daily Stop as real dollar amounts, calculated from what you just entered. If those numbers look right, you're done.

What they actually control

These aren't cosmetic fields. They're the inputs to five different calculations across the app:

  • Position size in Log Trade — calculated from account size × risk % ÷ stop distance.
  • R-multiple on every trade — P&L divided by the dollar risk amount, which comes straight from these two fields.
  • Daily loss lock — fires when today's realized P&L hits your max daily loss, or when you hit your max trades per day.
  • Discipline score — 15 of its 100 points come from a "risk compliance" check that compares each trade's risk against your max risk per trade.
  • Daily risk budget — the topbar pill on the Log Trade screen showing how much of your daily loss allowance is left.

None of those work properly if the four numbers aren't set. That's why this is step 01 of the guide, not step 05.

What good defaults look like

These are reasonable starting points if you're not sure. Adjust them to match your own account and comfort level — they're not rules.

Account Size
Whatever's actually in the account. Don't inflate it to look better in the dashboard — the only person you'd be fooling is yourself.
Risk per Trade
1% is the standard default. Survives a 10-trade losing streak with a ~10% drawdown. Anything above 2% starts making drawdowns difficult to recover from.
Max Daily Loss
3% — three full-size losses before the day ends. This gives you room for one bad trade without shutting down the day on the first stop out.
Max Trades per Day
3 — enough for a normal setup to appear twice, and one more if conditions line up. Fewer than that and you might miss valid trades. More than that and you'll start taking setups that don't meet criteria.
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Adjust to fit your actual strategy. A swing trader holds overnight and doesn't need a max trades per day — they need a max positions open. A scalper firing 20 trades a day needs different numbers again. The defaults above are a starting point, not a prescription.

Verify before you log a trade

Before you leave this page, confirm three things:

✓
Max Risk / Trade shows a dollar figure you'd be comfortable losing

If it says $250 and your reaction to "losing $250 on the next trade" is dread, the risk % is too high.

✓
Daily Stop is 2–3× that number

If max risk per trade is $250 and daily stop is $200, you'll get locked out after one loss. That's too tight. It should be $500–$750.

✓
Max trades matches how you actually trade

If your playbook has 2 setups you take per day, set it to 2 or 3. Not 6 "just in case."

Once those three are true, you're ready for step 02 — writing down the rules you'll tick after every trade.

Next

Open Rules & Risk to set your numbers

The Risk Parameters card is at the top of the page. Fill in the four fields, confirm the derived limits update, and you're done. No save button — every change is instant.

Open Rules & Risk
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