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    Lesson 8

    Monitoring Live Trades: The First Month

    12 min read

    Establish the exact monitoring and review protocol for the first month of live trading with your deployed strategy.

    Daily Monitoring Protocol: 5 Minutes, Then StopCorrect Protocol8:00 AM — 5 Minute Check• Any open trades needing attention?• Alerts triggered overnight?• Major news affecting positions?Log notes → Close app → Continue day✓Wrong BehaviorWatching charts all dayRefreshing portfolio every hourReacting to every price moveMaking impulsive changes✗More monitoring ≠ better performance. Often worse. Trust the system you built.
    A daily five-minute check is sufficient for most strategies. Constant monitoring creates anxiety, leads to impulsive overrides, and degrades performance. Check, log, close the app, and continue your day.
    Emotion Temperature Check — 3 Questions1Am I thinking clearly right now?Not tired, stressed, or distracted by unrelated events?Yes /No2Would I take this trade on a normal day?If I hadn't just had a win or a loss, would I still enter?Yes /No3Am I acting from data or emotion?Is the reason for this trade a specific signal or a feeling?Data /EmotionIf ANY answer isconcerning...TAKE 30-MINUTEBREAK FIRSTThen re-answer thethree questions againIf still uncertain →do not trade todayWrite your first-loss protocol BEFORE the first loss — not during it
    Three questions determine whether to act or wait. If any answer signals emotional interference, take a thirty-minute break and re-evaluate. Pre-writing this protocol before your first loss ensures you follow it when you need it most.

    Key Takeaways from this Lesson

    1. 1Less monitoring is better — daily 5-minute checks are sufficient; hourly monitoring creates anxiety.
    2. 2First-loss protocol must be written before the first loss, not during it.
    3. 3The emotion temperature check (three questions) determines whether to take action or continue.
    4. 4Month 1 end review: compare live to paper bot benchmark and make the size decision.
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