Five questions after every decision.
| Concept | Explanation | |---|---| | What changed? | Price, fundamentals, sentiment, liquidity, or regime. | | Was the thesis correct? | Did the expected mechanism occur? | | Was the sizing correct? | Did exposure match uncertainty and portfolio context? | | Was execution efficient? | Were spread, slippage, and timing acceptable? | | What should change? | One specific improvement to the process. |