The Graduation Rules
A setup trades real dollars only after it proves itself on paper. The license is earned, never granted — and it is earned per setup, not per trader.
≥ 20 paper repsTwenty closed paper trades of the same setup. Fewer than that and one outlier owns the math.
Expectancy > +0.2RAverage R-multiple across the reps must be positive — the setup makes money per unit of risk, on average. That's expectancy, the only number that compounds.
Win rate ≥ 40%The win rate floor keeps a lottery-ticket setup (2% winners, huge R) from graduating on luck.
All three at once → 🎓 GRADUATED — cleared for real $. Anything less shows exactly how far along the runway the setup is.
Execution Lab reps
Drill reps from the Lab, saved on this device. Drills build the hands; journaled paper trades build the stats below — both count toward the habit.
No reps yet — the Lab is where setups earn their license.
Setup classes
Every closed trade in the Trade Journal (this device) and the server ledger, grouped by setup / strategy / source, split paper vs real.