# Trading Pace Worksheet

*Signal Pilot Education — companion to Lesson 76: The Pace You Actually Trade At.*

Lesson 65 turned a trade count into a wait by assuming forty trades a month, and said in the same breath that the forty was stated rather than derived. This worksheet derives yours. Everything downstream — how long a verdict takes, what a month earns, what a year of costs comes to — is that one number multiplied by something.

> **Educational only.** Trading involves substantial risk of loss. Not financial
> advice. Past performance does not guarantee future results. Every number in
> this worksheet is one you measure on your own record; the figures in the
> right-hand column are what the lesson measured on its own grid, and they are
> there to be disagreed with rather than copied.

---

## 1. Count orders, not opinions

Take a stretch of **at least twenty-eight moves** of the rule you actually run
and count position changes, not trade ideas. An entry is one, an exit is one.

| | Your number |
| --- | --- |
| Moves in the stretch | |
| Position changes in it | |
| **Changes per move** | |

A completed trade is two position changes, so halve the last row before you
call it a trade count.

## 2. Put it on a month

| | Your number |
| --- | --- |
| Trading days in your stretch | |
| Position changes per trading day | |
| × 21 trading days | |
| ÷ 2 | |
| **Completed trades a month** | |

## 3. Set it against what you assumed

| | Your number | Lesson 65's assumption |
| --- | --- | --- |
| Trades a month | | 40 |
| **Ratio** | | |

If the ratio is well under one, every wait you have ever quoted yourself is
short by that factor, and the correction is a division you can do in ten
seconds.

## 4. Spend the number

| | Your number |
| --- | --- |
| Round-trip cost per trade, in your currency | |
| **Cost a month** = cost × trades a month | |
| **Cost a year** | |
| Sample a verdict needs, from lesson 19 | |
| **Months to that verdict** = sample ÷ trades a month | |

---

## What you are holding when this is filled in

One pace and one wait. The pace is measured on your own orders rather than
assumed; the wait is what your record actually costs in months before it can
settle anything. Every other figure in the professional tier is one of these
two multiplied by something.

*Signal Pilot Labs, Inc. — /education/curriculum/professional/76-trading-day.html*