Four-Week Professional Demo Log

Captain · CP06: Flight Test · About 30–40 minutes, plus the assigned practical work

Safety rule: A critical risk or evidence breach cannot be excused by profit, confidence or a high multiple-choice score.

Your mission today

By the end you can build a complete four-week demo record that preserves trade and no-trade decisions and risk compliance.

Before you start

Bring your frozen Captain strategy card, signed demo risk charter, full journal and original source screenshots. The assessment and any pass criteria below are draft proposals requiring instructor approval. No grading, rank award or certification is active.

1. Understand what is being tested

A learning log is not a competition to make a certain amount. Four weeks of decisions can demonstrate consistency of procedure, but they cannot prove a future earnings edge. Record every eligible candidate, accepted trade, WAIT, SKIP, cost, execution variance and rule break. Keep pre-entry evidence separate from later fills and reflections.

A four-week log captures both opportunities taken and those rejected, with no fabricated entry notes. The purpose is to demonstrate repeatable processes, not to generate a particular income. Coverage, adherence, data fidelity and risk responses matter more than money made in the period.

The original plan must exist before the outcome. Corrections should leave a trace so that the student cannot quietly replace history with an attractive story.

2. Worked example: loss before gain

Imagine a student observes 26 candidate events over four weeks, enters nine demo trades and logs 17 WAIT/SKIP outcomes. Suppose one completed demo trade had a planned $10 risk and lost $11 after a worse fill. Its realised result is −1.10R, before checking any separately accounted charges. Both the loss and the execution difference must appear in the ledger. A profitable week cannot erase a hidden breach.

The original source's assessment scenario also illustrates: A trainee observes 26 eligible candidate events over four weeks, takes 9 demo entries and marks the remainder WAIT/SKIP with reason codes. Each accepted trade has a pre-trade record linked to the broker fill and a post-trade reflection. The review samples both winners and losers.

Original Black Box Journey examination teaching diagram. Imaginary data only.

3. Perform the assessment steps

1. Freeze the chosen strategy and signed risk charter before week one.
2. Record every offered setup at its actual decision timestamp.
3. Link accepted entries to broker fills and calculated net R.
4. Preserve rejected cases and visible correction history.
5. Complete one debrief per week, including mistakes and risk responses.

These tasks assess documented process, not a promised earnings result.

4. Proposed pass criteria (not yet activated)

Proposed pass standard, pending instructor approval: four full chronological weeks with all eligible candidates logged, a linked pre-trade record for every filled order, 100% documented charter compliance in assessed decisions or completed remediation/retest for any breach, and a reviewable weekly debrief. No profit target is required.

A log containing only green trades is incomplete. Never manufacture late pre-trade notes. If a critical risk breach occurred, document and remediate it, rather than allowing the high win rate to compensate. Four weeks is a skills demonstration, not a statistically conclusive backtest.

Unsafe alternative to reject: A student submits only screenshots of profitable trades with no record of skipped setups or missed entries. The data cannot establish process consistency or show selection biases.

5. Submit independently reviewable evidence

The original flight exercise asks you to: Submit at least four weekly logs containing trade, wait, skip, risk and process events. Instructor samples source records against the terminal.

Write your reasons while the future is hidden. An independent reviewer must be able to reproduce each risk decision from the saved evidence without guessing missing inputs.

6. Log four full weeks without turning demo profit into a promise

Synthetic demo ledger: A student plans $10 of risk per trade and records four trades in week one: −$10, +$15, −$10 and +$5 after assumed costs. The week's total is $0, yet the journal still needs each pre-trade screenshot, risk calculation, fill and rule-compliance result. A break-even week is not an empty week. Skipped opportunities, rejected orders and scheduled no-trade days are part of the evidence.

A four-week diary helps show whether someone follows a process under varied conditions. It is far too short, by itself, to establish stable future returns. The student must also note outages, spread changes and cases where the rules required waiting.

Logbook drill: For every calendar week, save the frozen strategy version, account starting equity, offered setups, trades taken, skips, planned and realised losses, exceptions and one review note. Keep raw timestamps and costs. A reviewer must be able to trace the original decision without reconstructing screenshots from memory. This practical log remains separate from the secure 30-question knowledge exam and any unapproved graduation rules.

Common mistake

Treating the exam as a profit contest. A compliance error can be disqualifying even when the demo account grows. A valid rules-based loss is part of the expected evidence, not a reason to erase the record.

Plain-English glossary

• Demo log: Chronological record of practice activity.
• Candidate: Setup offered by the frozen rules.
• R multiple: Net result scaled by original risk.
• Remediation: Documented correction and fresh assessment.
• Weekly debrief: Review of decisions, costs and rule compliance.

Try it yourself

Submit at least four weekly logs containing trade, wait, skip, risk and process events. Instructor samples source records against the terminal. Save the original questions, submitted response, timestamps, complete results, reviewed mistakes and a proposed remediation plan.

What you can now do

• Build a complete four-week demo record that preserves trade and no-trade decisions and risk compliance.
• Explain the proposed standard and which critical failures prevent passing.
• Defend one losing decision and one justified no-trade result.

Next lesson

CP06.5 · Captain Board Review and Graduation. Captain is a foundation milestone, not an end to learning.