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Surviving Consecutive Losses (Losing Streaks)โฃIn Trading: The Steps To Execute Your Trading Plan Confidently Without Any Hesitationโฃ

If you are a trader who suffers during losing streaks! (Consecutive Losses)

Here’s the big idea you need to so you can stop breaking your own rules (and you don’t have to ignore your emotions)!

Watch this video on how to deal with consecutive losses (losing Streak) right now!

Now, drop what you’re doing and get the rest of the story about how you can rapidly say goodbye to emotional & revenge trades.

If you liked this video, and you’re a trader who wants more become consistently profitable, check out our FREE Training : โ€œ How To Bulletproof Your Emotions & Develop Unbeatable Mindset So You Can Confidently Execute Your Edge & Finally Become Consistently Profitable without Sabotaging Yourself or Feeling Paralyzed By Fear Of Losing – even if you tried everything and failed! โ€

Stop Expecting, Start Trading!

“We never live; we are always in the expectation of living.”

Voltaire

Many traders are stuck in what I call the High Expectation – regret Loop, but before going further, let’s explain what’s an expectation.

What Is an Expectation?

As per the Oxford Dictionary, the expectation is a strong belief that something will happen or be the case.

Unfulfilled Expectations

The next obvious question would be what is the outcome of unfulfilled expectation. Disappointment.

The Born of Regret

Once disappointment is there, the desire to revenge will evolve. Once you have the desire to revenge, the impulsive action will be the hero. This compulsive action then will Regret

Impulsive / Revenge Trading 101

That’s exactly Revenge Trading 101. You enter a trade. You set a high expectation that the trade is going to move in your favour.
Then it doesn’t move in your favour, so what do you feel now? Frustration!

Once you feel frustrated, the desire to revenge from the market will be on place. That will lead to revenge trading, and then what would happen next?! You are going to take impulsive action.

Regret

Then you will feel regret, and you would say, “I shouldn’t have done this. I should have just followed my rules. I shouldn’t have done that. Many times I said I would never do this,”.
Also, then you will end up having a fear of the future.

Fear of the Future

And then you would say, “Oh, okay, I’ll never change. I’m just like this,” and you’ll be very frustrated.

The High Expectations / Regret Loop

And then you’ll just wait for a couple of weeks or couple of days or whatever, and then you will start setting a high expectation again, then the same cycle going to repeat itself over and over.

Stop Expecting and Start Trading

Unfortunately, many traders are stuck in this pattern. So the question now would be “How to overcome this? / Regret Loop

4 ways to overcome this loop

In my opinion, one of the best practices here would be the following:
1- Focus on the process itself. By developing a mental and – mathematical edge.
2-Become more aware of your actions. What I mean by that if you have a very well established process, the outcome of one trade shouldn’t matter.
3- Understand that during the process, you will go through an evolutionary, iterative process. You will evolve with the market, and you will have different strategies and tactics to trade different market conditions.
4- Meditation and Exercising. We have substantial scientific evidence that meditation helps in reducing pain and distress, assists to Improve self-control, acts as a weapon against addiction, and rewire the neural pathways in the brain.

Conclusion

So, you don’t need to set high expectations, you need to raise your standard. You need to raise bar of your actions , and that’s how you are going to transform the way you trade, and you will master your mental edge and maximise your performance 100X.

You don’t need to set high expectations, you need to raise your standard.

Thanks for reading this!

Sincerely,
Khaled Maziad

P.S. If you liked this article please comment below and join our Facebook Page . Subscribe to my YouTube . I help traders master their mental edge and maximise their potentials. If you require a Free 1-on-1 Trading Psychology Session please feel free to contact me on khaled@tradingroadmap.com to see if you qualify!

๐“๐ก๐ž ๐๐ฌ๐ฒ๐œ๐ก๐จ๐ฅ๐จ๐ ๐ฒ ๐จ๐Ÿ ๐š ๐๐ซ๐ž๐š๐ค๐จ๐ฎ๐ญ ๐„๐ฑ๐ฉ๐ฅ๐š๐ข๐ง๐ž๐

When you try to change your Old behavioral patterns,

you will feel ๐ซ๐ž๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž.

As you try to break out of your old habits,

the ๐ซ๐ž๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž would seem unbreakable.

However,

as you keep pushing the ๐ซ๐ž๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž will become ๐ฌ๐จ๐Ÿ๐ญ๐ž๐ซ ๐š๐ง๐ ๐ฐ๐ž๐š๐ค๐ž๐ซ ,

but you will get exhausted.

At this stage, you might have a brief ๐›๐ซ๐ž๐š๐ค๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก (๐…๐š๐ฅ๐ฌ๐ž ๐๐ซ๐ž๐š๐ค๐จ๐ฎ๐ญ),

but you will tend to come back to the old habits(๐“๐ก๐ž ๐‘๐š๐ง๐ ๐ž).

That would form an equilibrium (๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง)

you are not willing to give up, but you still feel the resistance.

You are ready now for a real breakthrough (๐๐ซ๐ž๐š๐ค๐จ๐ฎ๐ญ).

๐™‹๐™ง๐™ค ๐™๐™ž๐™ฅ ๐™‰๐™ค. 1: That doesnโ€™t mean you will keep moving forward from here, you might come back to the old habits, but you will bounce back from there (๐ซ๐ž๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž ๐ข๐ฌ ๐ญ๐ฎ๐ซ๐ง๐ข๐ง๐  ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ).

๐™‹๐™ง๐™ค ๐™๐™ž๐™ฅ ๐™‰๐™ค. 2: You might have a brief plateau (๐œ๐จ๐ง๐ญ๐ข๐ง๐ฎ๐š๐ญ๐ข๐จ๐ง ๐ฉ๐š๐ญ๐ญ๐ž๐ซ๐ง ) as you will keep adapting to the new lifestyle.

๐™‹๐™ง๐™ค ๐™๐™ž๐™ฅ ๐™‰๐™ค. 3: The breakthrough of this plateau will start a new change in your life (๐“๐ซ๐ž๐ง๐).

Your Friend,

Khaled Maziad

๐.๐’. The trend is your friend until the end when it bends. So don’t take it for granted, it needs your attention. Success is a process, not an event!

๐™‹.๐™Ž.๐™Ž If you are very serious about improving and need guidance to manage your emotions and overcome your fears, please contact me here to discuss if coaching is right for you (send an email to khaled@tradingroadmap.com)

To your Success

How do you know you are on the right track?

” Begin With The End In Mind”

Stephen Covey

In a previous article, we discussed the importance of having a very strong “Why” behind all your actions.

Recently, I received many questions on how to make sure that you are on the right track.

Where Is The Track?

I know it might sound obvious(or even stupid), but you have to make sure that you have track first before asking is right or wrong.

By now, we have to set three goals. One short term goal, second is midterm, and finally is a long term goal.

Characteristics of the goals 

The Characteristics of those goals will be different from your new year resolutions that you have never fulfilled. 

Clear & Specific

First thing, it should be very clear and specific. I to lose some weight, do some exercises, and follow a healthy diet is not a goal.

I want to lose 10 kgs in the next three months, I will walk for 15 mins a day, and 50% of my diet will be vegetables and fruits, that is more specific.ย 

I believe by now; you realized why your new years’ resolutions never happened.

Bigger than you

The second characteristic is that your goals should be more significant than you; I know many people your goal should be something you can do. I am saying exactly the opposite; your goal should scare and excite you at the same time you should feel there is a challenge. It should be something that pushes you out of your comfort zone.

You can not set a goal and say I will eat junk food for the next month! There is no challenge here.

If it excites you and scares you at the same time, it might be a good thing to try.

Unknown

Now What?

Now, after we set that we need to make sure that any action will do help you to achieve those goal, how can you do that?

By now you should have 3 goals written, and on another paper, you would write all the activities that you are doing during the day., and ask a straightforward question, “Is that something will help me to achieve your goals?”
If the answer is yes BINGO , do it. If the answer is No, you shouldn’t do it 

The Mental Battle.

Now your mind will start to come with all sort of actions that will stop you from achieving your goals and say I cannot stop doing this. If that you, please go back to Step One, your “WHY.”ย 

If your why doesn’t motivate you and drive your actions , you are on the wrong track.

99% Rule

99% of you will like the idea, but will never do it. That’s why 1% of the people achieve their goals because they know it, they are driven to make it, and they are committed.ย 

To keep moving on the right track, you have to make sure that you are reading your goals every day at least twice and make sure all your actions are helping you to achieve your goals.

My question is, “Are you willing to join the 1%.”

If you are 
Share it &Comment below Say “Yes” ๐Ÿ‘‡ 

Become Who You Want To Be!
Because 
You Deserve Success!

Your Sincerely,ย 
Khaled Maziad

P.S. Let me help you smash through your fears & limiting Beliefs. Creating a Plan For The Life You Deserve!ย 
Schedule your 1-on-1 with me today from here.

Comment “Yes”and go to the first Comment!ย ๐Ÿ‘‡

Are Your Beliefs Stopping You From Becoming A Consistently Profitable Trader?

Man often becomes what he believes himself to be. If I keep on saying to myself that I cannot do a certain thing, it is possible that I may end by really becoming incapable of doing it. On the contrary, if I shall have the belief that I can do it, I shall surely acquire the capacity to do it, even if I may not have it at the beginning.

Mahatma Gandhi

People have their own views and beliefs about how life works. However, one tweak might create a paradigm shift in your trading and your life.

How does the belief system work?

Your belief system is nothing but your memory. It is all the information and data that you have gathered from your personal experiences and from others.

Whenever you have any experience, you take a photo, a video or a note and store it in your hard disk. Once you save it, you canโ€™t differentiate whether it is something that you have experienced or not unless youโ€™ve attached a feeling to it, positive or negative.

Instant Six-Figure Income

Let me share this story with you. The first time I got my first six-figure-salary job was by accident.

I was talking to one of my friends, and he told me that one of the subcontractors that worked for his company was looking for a project manager with a civil engineering degree and asked me to apply for the job.

I told him that the service that was offered was totally different from my expertise. Somehow, he convinced me to apply for the job with a promise that he could expedite the process as he knew the general manager of the company.

I went to attend the interview, and I was totally honest with the interviewer, who later became one of my best friends. I told him that I didnโ€™t know much about their field, but I was OPEN to learning.

By the end of the day, he offered me the job, and I accepted it.

The same applies to trading. Sometimes we are so convinced about our trading ideas, but we also have to consider that we might be wrong and be open-minded, leaving the door open for other possibilities to manifest in your trading.

If you are so convinced that you are right, make sure always to use a stop loss to protect the downside.

I learned Trading By Accident

Are you ready for one more story?

Once I attended a workshop about Project Management. During this workshop, somehow there was another workshop in the same hotel about trading. At that time, I used to say that trading was very risky; I declined to attend the workshop.

A couple of years later, I was attending a seminar about Internet Marketing, and during this event, one of the presenters was a trader. He started to show some charts and setups; since then, I have been hooked.

I asked him for more information, and here we are. Now I help people to work on their mindset and transform their trading and their lives.

Open Your Mind, Change Your Life

How many times has it happened that by just focusing on one side of the market, you totally ignored an opportunity to reverse your position and participate in a big move?

Maybe the setup was there, but you were totally blind. You were closing your mind to other possibilities.

Being open to new possibilities and opportunities has transformative power.

Itโ€™s a game changer. It transformed my life and it can transform yours too.

Become Who You Want To Be!
Becauseย 
You Deserve Success! Sincerely,
Khaled Maziad

P.S. Let me help you smash through your fears & limiting Beliefs. Creating a Plan For The Life You Deserve! 
Schedule your 1-on-1 with me today from here
I will talk to you soon ๐Ÿ™‚


Trading Mindset Tips: Tip 2 โ€“ Trade Like A Salesman!

We can learn many things from salespeople. I am not talking here about the typical stereotype of a used car salesman.

Today, I will share with you two lessons that you can learn from a successful salesperson.

Lesson 1: Donโ€™t Take Rejections Personally!

A successful salesperson understands that when he or she goes out to offer a product to clients, not all of them will say yes. Most of the time, the response is no.

Imagine someone says no to a salespersonโ€™s offer and that she then decides to change the business or close down the entire company. It sounds ridiculous, doesnโ€™t it?

Instead, she has to go out again and approach more clients, make new offers, and look for new opportunities. In fact, some statistics show that 20% to 30% is a good closing ratio, which is the number of deals you close versus the number of offers youโ€™ve made.

This means that if the salesperson makes an offer to 10 people and only two or three of them say yes โ€” which means around seven to eight people said no โ€” she is doing a good job!

Of course, sometimes, you have to go back to review your sales process. You have to make sure the product is good and that you are targeting the right audience, but you never take a rejection personally.

The same concept applies to trading: Never take the losses personally.

Your trades are just your ideas (products). When you go to the market and submit the offer (trades), sometimes you will be on the right side of the market (yes; winning trade), and other times you will be on the wrong side (no; losing trade), and you have to get out and find other opportunities.

It’s crucial to make sure that your trading plan is suitable for market conditions.

Lesson 2: Understand Your Numbers!

Any successful salesperson always keeps basic data, such as how many offers have been submitted and how many clients accepted/rejected the offer.

By understanding this and having a good database, he or she will be able to manage his or her emotions when falling into a sales slump (period with no sales).

That’s the law of normal distribution. Sometimes you will have bad days, sometimes you will have perfect days, but most of the time you will be somewhere in between.

So in trading, you need to make sure that you are familiar with some basic math and formulasโ€”for example, your winning rate, drawdowns, etc. Most importantly, you must know how to deal with consecutive losses and consecutive winning trades.

For example, when you have a losing streak, you should start reducing your exposure until the low of mean reversion kicks in and the situation changes.

Most trading platforms offer this data without you doing the math. However, you need to be aware of those numbers and act accordingly. I highly recommend that you do it yourself so that you can familiarize yourself with the process although itโ€™s not necessary.

By doing this, you will be able to handle your emotions appropriately and understand that itโ€™s a normal thing, and you can achieve consistency. 

Sincerely,
Khaled Maziad


P.S.ย If you liked this article please comment below and join ourย Facebook Pageย . Subscribe to myย YouTubeย .
I help traders master their mental edge and maximise their potentials.
If you require a Free 1-on-1 Trading Psychology Session please feel free to contact me on khaled@tradingroadmap.com to see if you qualify! OR Send me a message Directlyย here

Trading Mindset Tips: Tip 1 – Be Decisive

How many times you got the feeling that you have to do something big and chase your dream, then you started to hesitate, only to end up by doing nothing.

How many times you thought to yourself, I will stick to my plan and follow my rules, and then you start second-guessing yourself, and again you do exactly the opposite thing

The Root Cause

What is the root cause of this force that stopping you from achieving something that you want and you are convinced that it is going to change your life.

It is your FEAR!

  • You are afraid to Commit
  • You are afraid to Fail
  • You are afraid to Get out of your comfort zone

You Are Not Alone

I can relate to this; I used to be like this.
Thinking and having dreams bigger than me and then I procrastinate end up doing nothing at all.
Until I realized that by not making a decision, actually, I am making a decision.

By not making a decision, actually, I am making a decision.

It sounds funny when you try to say this loudly!

You are not alone many traders, entrepreneurs, business owners, and even professional athletes are facing the same situations every single day.

The only difference that they decide . They face their fear and they don’t hide from it.

It’s Your Decision

Look around you; everything is merely your decision.
Somehow you decided to buy this gadget that you are using to read this. Even Reading in itself was a decision, isn’t it?!

Here’s How

Today I will share with you two powerful and practical techniques that will help you to make decisions, and you can start using them right now.

Technique 1 : Peter Brandt’s Technique

The first technique I learned from the legendary trader Peter Brandt. He used to say “I have strong opinions, weakly held”
You might say what’s new everyone has strong opinions. Reread it again, the secret is in the second Part “Weakly Held”

I have strong opinions, weakly held

Peter Brandt

Why is this so powerful?

Think about this simple sentence has enormous value in it. it has two parts.
“Strong Opinions” means commitment; he is committed to his trading plan, to his rules. But here is the catch commitment only is not enough as you can commit to a wrong idea.

Here’s come the power of the second part “weakly held,” which shows flexibility and willingness to learn from your mistakes and accepting it as a feedback.

Technique 2 : Break It Down

The second technique is to breakdown the big decision into small decisions. Let’s say you want to buy something, take a step toward a career, joining a course that might transform your life.

Instead of freezing and doing nothing, you can start breaking this decision into small decisions

  • Decision 1: Decide to understand the benefits and how much it costs you by not doing this.
  • Decision 2: Decide to collect as much information as you can
  • Decision 3: Ask someone who knows
  • Decision 4: Analyze the information

You can even break it down further, but by doing this, you make a breakdown decision look like a small decision.

Let Go The Fear

Now it’s your choice, let go of the fear.

Take actions to decide and never regret. accept all your mistakes as feedback learn from it and keep going.

Always remember, you are one decision away from transforming your life.

It’s YOUR Choice!

Sincerely,
Khaled Maziad
Master Your Mental Edge

P.S.ย If you liked this article please comment below and join ourย Facebook Pageย . Subscribe to myย YouTubeย .
I help traders master their mental edge and maximise their potentials.
If you require a Free 1-on-1 Trading Psychology Session please feel free to contact me on khaled@tradingroadmap.com to see if you qualify! OR Send me a message Directlyย here

Here’s What it Takes to Become a Fearless Trader

So it happened again!
Another day or week has passed, and you have made zero progress towards your trading goals.

You cannot help but following another newsletter /Facebook group, subscribe to another YouTube channel, trying to find motivations in trading quotes, or even purchasing a new trading book.

Deep down, you know following that following your trading plan as you have backtested it and you are comfortable with the results, but you can’t take the necessary action.

You still freeze, hesitate before pulling the trigger, execute before getting your signal, exit prematurely or even, sometimes, holding for a long time.

What is going on here?!

The truth is you can’t control your actions; you are focusing on all the things that you cannot control and ignoring what you really can control, YOURSELF.

What are things that you need to focus after developing your winning trading plan to become a fearless and a consistently profitable trader you dream of becoming?

Factors you Cannot Control

It is essential to understand that there are factors that are out of our control as traders.

For example, we can’t control fundamentals, price action, or the outcome of the trade.

Unfortunately, here’s where most traders focus more than 90% of their time, effort, and energy. They are trying to understand what they cannot control

What Can You Control?

It’s obvious after developing your winning trading plan that you can control the market you trades m your position sizing and most importantly your ACTIONS.

The most powerful thing that you can control is your actions (here’s where most traders fail)
How?!

Develop Self-Awareness

Most traders suffer from their impulsive behaviours, which ends up by taking actions against their own will. That literally means they are not aware of their actions.

Developing a deep self-awareness can literally start with simple check-in before analyzing or taking any trades.

You can start a new routine where you sit down on your desk and give your self a crash course in self-awareness. Check all your body parts and make sure to sit with your back straight and your shoulders back.

Also Make sure you are sitting in suitable environment where you will not be distracted at least during the analyzing and execution stage

The way you think is the way you feel and vice versa.

Understand Your Feelings

After doing this initial check-in, it’s vital to check your feelings. Ask yourself: what am I feeling now?
Scientific researches suggest that there is an interaction between feelings and thoughts.

Simply put, the way you think is the way you feel and vice versa.

Your Edge!

Don’t get me wrong; It is a prerequisite to have a trading plan with a proven edge. However, you will be doing yourself a disservice if you are not paying enough attention to master your mental edge.

Now It’s Your Call

Developing a deep self-awareness and understanding your feelings and its root cause is a crucial step on your path to becoming a Fearless and a Consistently Profitable trader

Do you have what it takes to become a fearless trader?

Thanks for reading this!

Become Who You Want To Be!
Becauseย 
You Deserve Success! Sincerely,
Khaled Maziad


P.S.ย If you liked this article please comment below and join ourย Facebook Pageย . Subscribe to myย YouTubeย .
I help traders master their mental edge and maximise their potentials.
If you require a Free 1-on-1 Trading Psychology Session please feel free to contact me on khaled@tradingroadmap.com to see if you qualify! OR Send me a message Directlyย here


Finding your Why?!

Just a follow up on yesterday’s video. The process of defining your WHY? would allow you to do what you really want.

For example, If you want to wake up at 5:00 am and run. You have to ask yourself, WHY.? Yes, why do you want to run in the morning? You might say to lose weight. Again WHY?

Go as deeper as you can till you find the real reason behind this specific action.

Think as if you are trying to sell yourself the idea of Running, we usually don’t buy if we don’t see enough value. 

Once you are convinced with the value of the outcome of this action, the process will be easier, and even failure will not be an option, it will be just feedback. 

If you haven’t watched the video, you can watch here

Have a peaceful trading day

I get my inspiration from my own potential

Russ Diemon

Where Can I Exit?!

One of my followers sent me a chart and said: ” Could you please tell me your thought I went long at the marked level on the chart?”

Me: Is that a real account?
Him: Yes Where can I exit?
Me: What is your timeframe?, How much are you risking? Why did you enter, what was your plan to exit and where is your stop-loss??
—–Silence—-
Me: Are you there?!
Him: Yes, Where I can exit Me: That was my question! What is your timeframe?,
How much are you risking? Why did you enter, what was your plan to exit and where is your stop-loss?
Him: Planning to close positive
Me: Are you serious?! What does positive mean? That’s not a plan that’s bullshit
Him: You are right! I will exit now.
This stock dropped 7% in 3 days.

I show you how to think not when to enter or exit.
How to master your mental edge and become a better version of yourself
To become the person/trader that you really want

I really appreciate that some of you are trusting me, but I will never tell you where to exit or where to enter. You will never be a real trader if you are relying on anyone’s tip. Why do you think my thoughts will be right?!

I show you how to think not when to enter or exit.
Please stop trading real money till you develop your plan and figure out what are you doing.
Trading is a mind game.
Please Please Please be careful.

Note: This was a Facebook post where I was honoured to receive a  great comment from the market wizard Tom Basso( Legendary trader who was featured in the original Market Wizards book by Jack Schwager ) , which provided me with another invaluable opportunity to learn from such a great man. You can visit his website here

P.S. If you liked this article please comment below and join our Facebook Page . Subscribe to my YouTube . I help traders master their mental edge and maximise their potentials. If you require a Free 1-on-1 Trading Psychology Session please feel free to contact me on khaled@tradingroadmap.com to see if you qualify! OR Send me a message Directly here

I really appreciate that some of you are trusting me, but I will never tell you where to exit or where to enter. You will never be a real trader if you are relying on anyone’s tip.