Your first trade
Placing one gold trade on the demo account with a stop loss and a take profit, in the order that keeps the size correct.
One practice trade on gold, with a stop and a target attached before it is sent.
This is not a trade idea. The point is the mechanics, not the direction.
The order of operations
Three steps, always in this order.
- Stop first. Decide the price where you would be wrong, from the chart.
- Size second. Work the lot size out from that distance and your risk, as in module 13.
- Button last. Only then open the ticket.
Doing it the other way round means picking a size you like and then fitting a stop to it. That is how the risk rule quietly stops applying.
Stop, size, then button. Never button first.
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