Good morning, tradersā¦
Ben here.
Hold up. Stop what youāre doing.
Itās time for a much-needed wake-up callā¦
As I was skimming through the chat room this week, one thing jumped out ā so many of you are struggling with exactly the same problems.
Lack of confidence in your rules, struggling with stop losses, feeling disorganized, FOMO, timing issues ā¦ the list goes on.
And trust me, I get it. These arenāt just minor speed bumps ā they can completely derail your progress if you donāt address them.
But look, you are your own worst enemy. You need to realize that every single one of these problems has a simple solution.
I keep hearing students say things like, āThere are no good trades in this market.ā
But quite frankly, thatās bogusā¦
Yesterday, I had a 200% win on SBUX and a 300% win on NKE ā all in less than five hours.*
Hereās the hard truth: The problem isnāt the market ā¦ itās you.
The traders who identify (and eliminate) these āAchillesā heelsā head-on are the ones who will eventually make boatloads of money in the options market.
So if youāre feeling frustrated, second-guessing yourself, or just wondering why trading seems harder than it should be ā¦ Iām here to help.
Today, Iām breaking down ten common trading problems, why they happen, and ā most importantly ā how to fix themā¦
1. āNot Confident in My Rulesā
If you donāt trust your rules, itās usually for one of two reasons: they arenāt clear enough, or you havenāt seen them work enough times.
The solution is to get specific and start tracking:
- Write down your rules like a checklist. Example: āI only take a trade if the stock is above the 50-day moving average and breaking resistance on high volume.ā
- Backtest your rules by going through historical charts and seeing how they would have played out.
- Paper trade or use small positions to build trust in your system without too much risk.
The more you follow your rules and see them work, the more confidence youāll have.
2. āNot Enough Planningā / āDisorganized, Indecisiveā
If youāre making decisions on the fly, itās only a matter of time before emotions take over. Planning in advance is the easiest way to stay disciplined.
- Set a daily routine: Pre-market research, chart reviews, and trade plans should happen before the market opens.
- Use a simple trade journal: Log your planned entry, stop loss, target, and why youāre taking the trade. Review at the end of each day.
- Limit your watchlist: Too many stocks = too much indecision. Focus on 3-5 quality setups instead of chasing everything.
3. āTemptation to Trade Lottosā
Impulse trades feel exciting, but they kill consistency. If a trade doesnāt check all of your boxes, itās not worth it.
- Focus on high-probability setups from the APEX Scanner and SPYDER Scanner. Smart Money volume is far more reliable than random lottos.
- Before entering a trade, ask yourself: āWould I take this trade 100 times with real money?ā If the answer is no, skip it.
- If you must scratch the itch, set aside a small āfun moneyā account for lotto trades ā just donāt let it affect your main strategy.
4. āStruggling with Stop Lossesā
There are two common problems with stop losses: setting them too tight (getting stopped out too early) or too loose (taking big losses).
- Use structure-based stops: Instead of setting a stop loss at a random percentage, place it below a key support level.
- Reduce your position size: If youāre nervous about hitting your stop, your size might be too big. Trade smaller until youāre comfortable.
- Accept that stops are part of the game: They protect your capital so you can stay in the game longer.
5. āMy Biggest Challenge is Timingā
Timing entries is tough, but thereās a way to improve it:
- Wait for confirmation: If youāre early, youāre usually wrong. Let the breakout actually happen instead of predicting it.
- Use volume as a guide: Strong moves should have strong volume. Weak volume = weak conviction.
- Enter on pullbacks: If youāre struggling with breakouts, try waiting for a retest of support instead of chasing the move.
To Be Continuedā¦
Okay, I have more to say on these subjects than I thought when I started this.
So, tomorrow, Iāll finish this up with Part II.
Stay tuned.
But before we go, letās look at:
š°The Biggest Smart Money Bets of the Dayš°
- $5.2 million bullish bet on ALK 02/21/2025 $70 calls @ $4.09 avg. (seen on 1/29)
- $1.6 million bullish bet on KWEB 03/21/2025 $35 calls @ $0.83 avg. (seen on 1/29)
- $1.6 million bullish bet on BABA 02/21/2025 $110 calls @ $2.36 avg. (seen on 1/29)
Happy trading,
Ben Sturgill
P.S. Earnings season is here ā and this one could be your biggest trading opportunity yetā¦
Join me TODAY, January 30 at 2:00 p.m. EST for an URGENT Earnings Edge Workshop to see where the Smart Money traders are placing their bets this season.
Weāve had 100 winning trades in a row* in Earnings Edge ā donāt miss the next 100.
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*Past performance does not indicate future results