Trading playbook template you will actually use
A short trading playbook template: setup definition, invalidation, risk, checklist — built so discretionary traders run it before every entry.
By TradaxLab
Why most playbooks die in Notion
They are essays. In a live session you need a one-screen definition: when it’s valid, when it’s invalid, how you size, and what you forbid.
If you can’t score a chart against the playbook in under two minutes, the playbook is too long.
Copy-paste template (one setup = one page)
Name: (short, unique tag you’ll use in the journal)
Market / session: (e.g. liquid FX London, index futures RTH)
Context required: (trend / range / catalyst — pick one primary)
Trigger: (exact condition — candle, level reclaim, break-retest, etc.)
Invalidation: (price or condition that kills the idea)
Targets: (partial / runner rules, or “scale at 1R / 2R”)
Risk: (% and max R for this setup)
Forbidden: (news window, countertrend, first 5 minutes, etc.)
Checklist IDs: (link to Pre-flight items)
Rules for keeping it honest
One primary setup per trade. If you need three tags, you don’t have a setup.
Retire setups with negative expectancy after a fair sample — don’t “feel” them back to life.
Update the playbook only in weekly review, not mid-session after a loss.
In TradaxLab
Store playbooks in the app, attach them in Pre-flight and Analyst context, and journal with the same setup tag so Stats can rank expectancy by playbook pattern.