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Two minutes from Voz on what Thursday covers and how to get the most out of it.
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The 7 Habits Holding You Back from a Hot Streak
I'm 14/14 on my trades since September 2nd, and I've pocketed over $5,000. This Free Report walks you through the habits I've built and used to have this successful hot streak and walks you through how you can do the same.
4 Home Runs in that stretch. +$5,172 Total ($1,000 per trade). +36.94% Average Gain per trade.
Basis: $1,000 into each of the 14 trades at posted entries and exits, Sept 2 to Sept 24. Past results are not a guarantee.
It's EXTREMELY important you join me live on Thursday, October 1st at noon where I'll show you exactly how to put these better habits to use—immediately.
Trading without a plan is like driving cross-country with no map and hoping the road gets you there. Without a plan, every decision gets made in the heat of the moment, when your emotions are loudest and your judgment is weakest. You end up taking trades because it "looks good," or you "have a feeling," and you exit when the trade becomes too painful instead of when the opportunity is actually "gone". There's no way to measure whether you did it right, because you never defined what right was from the start. A trade plan takes those decisions out of the moment and puts them where they belong: before you have any money on the line.
Write Your Trade Plan Before You Trade
• Define your entry. Write one sentence: "I'm buying this because [specific setup] happened." If you can't finish that sentence, you don't have a trade.
• Set your exit for being wrong. Pick the price (or the loss amount) where the trade idea is invalid. For example: "If the stock closes below $48, I'm out."
• Set your exit for being right. Choose your profit target or your rule for scaling out, such as taking half off at 50% of max profit. For my Q Spot system which we'll show you on Thursday, my exits are sell 3/4ths of your position at the end of our zone, and hold the final 1/4th to the Homerun, if we have one. This gives us max profit while still booking wins.
• POSITION SIZING! This is harder for me to help you with. This is about your own personal level of comfortability. It's important for you to decide the maximum dollar amount you're willing to lose on this trade, typically a small, fixed percentage of your account, and size the trade to fit it. (Ex: If you have a $1,000 account, don't trade the entire $1,000 in your first trade. A good rule of thumb is about 5% or less of your account in any given trade)
• Put it in writing. This step feels silly, I know. But trust me - it helps. Use a notebook or a simple template. If it's not written down, it's not a plan; it's a wish.
A trade plan is WORTHLESS if you abandon it the second you press "execute". I know you may think that won't be you, but trust me... it happens often. Discipline is the bridge between the plan you made when you were calm and the actions you take when you're not. Most traders believe discipline is a personality trait you either have or don't. It isn't. It can be learned! It's a system of guardrails that make the right behavior easier and the wrong behavior harder. The trader who "just tries harder" burns out; the trader who builds rules and routines keeps showing up. Think of it like a pilot's checklist: pilots don't rely on feeling disciplined, they rely on the checklist.
How to fix it: build guardrails and build the habit of following them instead of relying on willpower, which fades.
• Create a pre-trade checklist with three to five yes/no items (Is this in my plan? Is my risk defined? Is my size within my limit?). If any answer is "no," you don't enter.
• Set hard rules on paper, such as a max number of trades per day and a max loss per day.
• Use your broker's tools. Place your stop or exit orders the moment you enter so the decision is already made.
• Track your "rule breaks" in a journal. Simply counting how often you break your own rules will change your behavior.
• Reward the process, not the outcome. At the end of each week, give yourself credit for following your plan, even on losing trades.
You take a loss, and suddenly you're rabid. It isn't about the setup, it's about getting your money back, proving the market wrong, and making the sting go away. All rules go out the window. That's revenge trading, and it's one of the fastest ways to turn a small loss into a blown-up week.
If this has been you, YOU ARE NOT ALONE. Every single trader goes through a revenge trade, and it's a hard lesson to learn. It's an easy way to blow your account up. The market doesn't know you lost (or care), and it doesn't owe you a bounce. Revenge trades tend to be bigger, faster, and sloppier than your normal trades, which is exactly why they compound the damage. The urge is a normal human response, so the goal isn't to feel nothing; it's to have a plan for what you do when you feel it.
How to fix it: interrupt the "revenge trading" loop before it starts.
• Know your warning signs. Racing pulse, clenched jaw, or thinking "I'll just make it back with one more" are all signals.
• Set a "cooling off" rule. After a loss that breaks your plan (or after two losses in a row), step away for a set time, such as 15 to 30 minutes, or for the rest of the day.
• Do something physical. Walk around the block, stretch, or get water. Change your environment, not just your screen.
• Write down what happened. Two sentences: what went wrong, and was it a bad trade or just a normal loss?
• Return to your normal size. When you come back, trade your standard position size, never a bigger one. 2X position size can also mean 2X the loss. Remember that!
We don't see charts as they are; we see them as we want them to be. If you're bullish on a stock, every dip looks like a "buying opportunity," and every red candle looks like noise. If you're bearish, the same chart looks like a house of cards. Falling in love with a position makes you a lawyer defending it instead of a trader evaluating it. Bias also shows up as blindness: the resistance level you skip because it's inconvenient, or the indicator you ignore because it disagrees with you. The most dangerous phrase in trading is "it has to bounce."
How to fix it: argue against yourself.
• Write the bear case (or bull case) before entering. If you're bullish, list two or three reasons the trade could fail, then decide if you still want in.
• Zoom out. Check at least one higher time frame, such as the weekly if you're trading the daily, to see the larger trend and key levels.
• Mark your levels first. Draw support and resistance before you decide on direction, so you're not drawing lines to fit your opinion.
• Ask the "fresh eyes" question. "If I had no position right now, would I enter here?" If the answer is no, your bias is running the trade.
• Review your losers for patterns. Look back at your last ten losses and note which ones you'd been ignoring evidence on.
New traders judge every trade by one thing: did it make money? But a single trade is a tiny sample, and the market has plenty of ways to reward bad decisions and punish good ones. Just because you made money, doesn't always mean you "did it right." If you win on a trade you shouldn't have taken, you've just been paid to repeat a bad habit. If you lose on a trade that followed your plan perfectly, that's simply the cost of doing business. Profit is the byproduct of doing the right things over and over, across dozens or hundreds of trades. Casinos don't sweat individual hands; they trust the math over thousands of them, and you CAN and SHOULD think the same way.
How to fix it: measure the process, not the P&L.
• Grade every trade twice. Give it a process grade (A-F: did I follow my plan?) and a result grade (win or loss). The process grade matters more in the long term.
• Think in batches of 20. Judge your strategy over 20 trades, not one or two.
• Keep a journal. Log the setup, your reason for entry, your emotions, and whether you followed your rules.
• Do a weekly review. Every Friday, look at your best process trade and your worst, regardless of the P&L.
• Know your numbers. Track your win rate and average win versus average loss so you can see the math of your edge.
Your feed is full of screenshots of big winners, a stock is ripping higher, and you can feel the train leaving the station. So you jump in, usually late, usually at the top, and usually without a plan. FOMO trades feel urgent, but that urgency is the tell. Chasing a move means buying after the easy part is over, at worse prices, with worse risk-to-reward. Even when the trade works, it reinforces the habit of acting out of fear instead of logic. The truth is that there will always be another opportunity, and the market opens again tomorrow.
How to fix it: replace urgency with a trigger.
• Build a watchlist in advance with specific price levels where you'd be a buyer or seller.
• Use the "24-hour rule" on hot tips. If a trade comes from social media or a friend, wait until it fits your own plan before acting.
• Ask the price question. "Where would my stop be, and how far is it from here?" If the stop is far away, the entry is probably late.
• Wait for the pullback or the reset. Set an alert for a retest of a level, then let the trade come to you.
• Remind yourself of the count. Write down how many "missed" trades you've had and note that your account survived every one of them.
Not every day is a trading day. Sitting in cash is a position, and often the smartest one. Yet many traders feel like they're not "working" unless they have a trade on. That leads to forcing setups in choppy markets, trading through major news events, and taking trades when they're tired, distracted, or upset. Professionals know their edge works in specific conditions, and they're patient enough to wait for those conditions. If you're only trading when the setup is truly there, you'll trade less and often earn more.
How to fix it: define your "no-trade" conditions.
• Write a "no-trade list." Examples: no trading during the first five minutes of the open, no trading when I'm angry or exhausted, no trading on days with unclear direction.
• Check the calendar. Mark earnings, Fed announcements, and major economic reports, and decide in advance whether you'll trade around them.
• Rate your state. Before you open your platform, score your focus and mood from 1-10. Below a 6, you observe only.
• Identify your best setups. Know which market conditions your strategy fits, and skip the rest.
• Count a skipped bad trade as a win. Keep a "trades I didn't take" tally in your journal.
Pick the one that hurts you most right now, work on it for two weeks, then add the next. A hot streak isn't luck; it's the natural result of a plan, discipline, patience, and a process you trust.
Make sure you join me on Thursday at noon! We'll be here in this room!
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Risk disclosure. Options involve risk and are not suitable for every investor. Past performance is not indicative of future results. Trade To Close is a publisher of financial information and is not a registered investment adviser or broker dealer. Nothing presented is personalized investment advice.
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