NOVAK THE TRADING EDIT
Alex Novak

Trader & educator · London

ALEXNOVAK.

The plan is the product.

I trade the London session. I write things down. Then I judge the process — not just the outcome.

Explore the approachMy story

LOG IT.
THEN JUDGE IT.

A record. Not a reaction.
PROCESS / JOURNAL / STATISTICS

JUDGE THE DECISION.
NOT THE RESULT.

A good decision can lose. A bad decision can win. Look at the same two trades through a different lens.

CHANGE YOUR LENS
Two hypothetical trades
THE PLAN

Wait for the retest. Define the exit before entering.

Trade A

Outcome: loss
Retest. Entry taken. Planned exit. Loss.

A LOSS.

The price reached the planned exit. The trade closed at a loss.

A LOSS.
NOT A MISTAKE.

The entry condition was met. The exit was respected. This trade followed the plan.

Trade B

Outcome: profit
Early entry. No retest. Closed in profit.

A WIN.

The price moved in the trade's favour. The trade closed in profit.

A WIN.
STILL A MISTAKE.

The entry came before the required retest. A profit does not erase the broken rule.

The outcome tells you what happened.
Switch to Execution to see how it happened.

Judge this decision against its plan.
Judge the plan over a series of trades.

Put it in the journal

Illustrative price paths, not Alex's trade history. Following a plan does not establish that the plan is profitable.

ONE TRADE
TELLS YOU
NOTHING.

The journal separates what the market did from what I decided to do. A result is one column. It is not the whole story.

Log it, then judge it.

THE TRADE JOURNAL

A reason.
A plan.
An honest review.

Before the entry
What condition was I waiting for? Where would I exit?
After the trade
Did I do what I wrote down? What did I feel?
At the weekly review
What keeps repeating? What will I change next week?

Review the wins as carefully as the losses.

Alex Novak in the light portrait edition

BRNO → LONDON

The part before the chart.

I'm Alex. From Brno, based in London. I spent five years in the middle office of an investment company, reviewing other people's trades and checking their limits.

Seeing the mistakes did not make me immune to them. I opened my own account in 2019 and lost about a third of it in the first year. In 2020, I stopped for three months.

I came back with a spreadsheet: a reason for entry, an exit plan and an honest execution review. I logged 400 trades before increasing size. Since 2023, trading my own account has been my main work.

In the London session, I work.
At five, I close the laptop.
Boring is the goal.

  1. 2016

    Moved to London.
    Work in the middle office.

  2. 2019

    Opened a personal account.
    The expensive first year.

  3. 2020

    A three-month pause.
    A return with a journal.

  4. 2023

    Trading my own account
    became my main work.

MARKET CONTEXT

CONTEXT.
THEN A DECISION.

I check the calendar the evening before. A major release is context to prepare for, not a prediction. I don't trade the release itself.

Market preparation artwork: This week's market movers. Key economic releases and events worth watching.
Copy my trades. My trades. Your account.

THE APPROACH, IN PRACTICE

Copy trading.

Understand the approach before you follow the trades.

First, understand the approach
Alex Novak — Novak Prime

THE NOVAK CLUB

NOVAK
PRIME.

A separate club. The same person behind it.

Meet the person behind it