Educational worksheet · insidethesignal.xyz · Updated 23 October 2026

Net R in a Prop Journal: Use the Original Risk Unit and Actual Costs

Net R is a trade-level result relative to a defined initial risk amount. It does not describe the full account or automatically map to an evaluation percentage. Preserve the original risk denominator, cost assets and valuation evidence.

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Keep the risk amount fixed for this question

In a fictional journal, initial planned risk is 50 USD and gross realised result is 90 USD. Gross R is 90/50 = 1.8. Do not change the denominator after seeing the outcome or replace the original risk with a later smaller stop.

A planned stop is still an assumption rather than a guarantee of maximum execution loss. The calculation below addresses bookkeeping only. It does not estimate the likelihood of a result or prescribe a risk amount for an account.

Convert the supplied fee before netting

Suppose a fee is 0.002 units of another asset and its explicit dated valuation is 2,000 USD per unit. The fee values to 4 USD. Net result is 86 USD and net R is 86/50 = 1.72.

If that valuation is missing, retain the 90 USD gross and 0.002-asset fee separately. A missing conversion is not a zero fee. If additional costs exist, the supplied 1.72 is not a complete net result until those costs are reconciled.

Fictional net-R reconciliation
ComponentCalculationResult
Gross R90/501.8 R
Fee valuation0.002 × 2,0004 USD
Net R(90 − 4)/501.72 R
Separate account percentage86/10,000 × 1000.86%

Use the account denominator separately

For an independent teaching account reference of 10,000 USD, the supplied 86 USD result is 0.86%. That percentage and 1.72 R can both be correct while answering different questions. HashHedge’s actual evaluation assessment also needs the whole account path and rule definition.

The original net-R resource remains the companion on this site. The optional sponsored HashHedge link provides current programme information. No actual trade, account result or future payment is claimed by the fictional arithmetic.

Sources and rule dates