Why entry quality matters
If entry records are incomplete, it becomes difficult to evaluate whether outcomes came from process quality or luck. A consistent entry checklist improves later analysis in your weekly review and performance review.
Entry checklist
- Setup and thesis captured. Write the setup type and the reason the trade idea qualifies now.
- Invalidation defined. Record what would make the trade thesis wrong before expiration.
- Risk and size confirmed. Note max planned loss and contract sizing before placing the order.
- Event context noted. Capture earnings, macro events, or expiry-related timing that affects risk.
- Order details stored. Record order type, intended entry, and actual fill terms.
- Review tags applied. Add consistent tags for setup type, market context, and confidence level.
Suggested journal fields at entry
| Field | Purpose | Example |
|---|---|---|
| Setup name | Groups similar trades for review | Bull put spread pullback |
| Thesis summary | Preserves original rationale | Support hold with stable IV |
| Invalidation | Defines when plan is wrong | Close below prior swing low |
| Planned max loss | Prevents unplanned sizing drift | $180 |
| Fill details | Separates execution quality | Limit order filled at $1.22 |
Connect entry to the rest of the workflow
After entry, keep updates lightweight but consistent. Use the trade tracking workflow for adjustments and the exit checklist to close each position with review-ready notes.
Consistency tip: Save a reusable entry template. Repeating the same fields across trades makes comparisons easier and reduces missing data.
Quick self-check questions
- Would someone else understand why this trade was opened now?
- Is the invalidation condition specific enough to act on?
- Does size match the planned maximum loss?
- Did I capture event timing that can change volatility?
Related guides
Use this page with the risk plan checklist, tracking workflow, and trade exit checklist.
FAQ
Do I need to write a long thesis at entry?
No. A concise thesis with one clear trigger and one invalidation condition is usually enough for reliable review.
What if my planned entry price does not fill?
Record both planned and actual fill terms. That difference helps you review execution quality separately from idea quality.