EDWARDS MEDIA — THE MARKETS LAB WORKBOOK

Course outcome: A sourced research memo and a four-week observation journal.

LESSON NOTES

MODULE 01: The map

What an asset represents
Practice: Compare one share, one commodity and one crypto asset. For each, record the underlying claim, source of demand and main uncertainty.
Your response:


What I will change after self review:


How prices form
Practice: Take one dated headline. Write what you think was expected, what changed, and two possible price reactions.
Your response:


What I will change after self review:


MODULE 02: The drivers

Growth, rates and inflation
Practice: Choose one macro announcement. Write two channels through which it could affect a company or asset, and one reason the effect may be muted.
Your response:


What I will change after self review:


Stocks and company evidence
Practice: Read a company’s latest report. Record one strength, one weakness and one question you cannot yet answer.
Your response:


What I will change after self review:


MODULE 03: Markets with different rules

Crypto and custody
Practice: For one crypto asset, identify its stated purpose, supply mechanism, trading venue and how a holder could lose access.
Your response:


What I will change after self review:


Metals and oil
Practice: Make a two-column table for oil and gold: three supply or demand drivers and one data source for each.
Your response:


What I will change after self review:


MODULE 04: Risk and process

Losses and position size
Practice: Calculate recovery after hypothetical falls of 10%, 25% and 50%. Write why a maximum loss matters.
Your response:


What I will change after self review:


Build a research journal
Practice: Track one asset for four weeks without trading. Record weekly expectations and outcomes, then write a short post-mortem.
Your response:


What I will change after self review:


FINAL PROJECT
Write a one-page research memo on one asset without recommending a trade. Define the asset, explain two drivers, state a rise and fall scenario, calculate a hypothetical loss, cite your evidence and list what would change your view. Track the idea for four weeks without trading it.

Deliverables:
- Research question: One asset and its underlying claim
- Evidence: Dated primary sources and two causal drivers
- Risk: Contrary case and hypothetical loss calculation
- Review: Four weekly observations and a final evidence check

Self review:
- Claim: explain what the chosen asset represents and where value may come from.
- Evidence: cite dated primary sources and separate observations from interpretation.
- Risk: include a contrary case, a hypothetical loss calculation and non-price risks.
- Review: keep four dated observations and state what would change the original view.

One strength:

One uncertainty:

One next revision:

Sources and rights checked: