TRADERS

LF DOUBT
TOOLKIT
SE
Welcome to the Market Wake-Up Traders Handbook for overcoming Self-Doubt.
 TABLE OF
CONTENTS
Welcome Message 3

Hesitate to pull the trigger? 4

Avoid reviewing your losing trades? 5

Second-guess your trading strategy? 6

Afraid to increase your position size? 7

Fear of missing out? 8

Jumping strategies? 9

paralyzed by too much information? 10

Hard to handle external criticism? 11

Who is the boss? 12

Contact information 13
 WELCOME MESSAGE

Welcome to Market Wake-Up Toolkit! Trading is not an easy task,

although sometimes it can be perceived as it. From day trading to
swing trading, the emotions we go through and problems we face
are very similar. Jon and I wanted to create a toolkit, so you can
easily recognize an issue and follow an action plan to overcome it.
Have a read through, enjoy the process, take each step forward with
a hunger for growth of skill. Come join us on our YouTube or join our
weekly newsletter for more from us.
-Jordon Mellor and Jonathan Kibbler
 Do you hesitate to pull the
trigger on a trade even when all
conditions are met?

1
Define Clear Entry
Criteria
Write down your exact trade entry criteria.
Make sure they are unambiguous and based
on data. When all criteria are met, you
should execute without hesitation.

2
Use a Pre-Trade
Checklist
Before executing any trade, use a
checklist to ensure that all conditions
(e.g., technical indicators, fundamental
data) are in place. This checklist acts
as your green light for execution.

3
Create a Small-Size
Practice Routine
If hesitation still occurs, start by trading with a
smaller position size. This reduces the
pressure and allows you to build muscle
memory and confidence in executing trades.

4
Post-Execution Review
After every trade, note whether or not
you hesitated. If hesitation was present,
journal the reason and reflect on it. Over
time, look for patterns in your hesitation
and address them with targeted
confidence-building exercises.
Do you avoid reviewing your losing
trades because it’s too painful?

1
Schedule a Regular
Review Time
Set a specific time each day or week to
review your trades, especially the losing
ones. Having this routine makes the process
less daunting and creates consistency.

2
Categorize Your Losses
When reviewing a losing trade,
categorize it. Was it due to following
your system and experiencing a typical
loss, or did you break your rules? This
helps you separate emotional reaction
from rational assessment.

3
Focus on the Process,
Not the Outcome
Your review should be process-oriented. Did
you follow your trading plan? What could you
improve about your execution? Keep the
focus on how well you adhered to your
strategy, not on whether you won or lost.

4
Celebrate Learning, Not
Winning
Write down one key lesson from each
losing trade. Make this a part of your review
habit. Over time, you’ll see the cumulative
knowledge gained from losses, helping to
reduce the emotional pain.
Do you constantly second-guess
your trading strategy after a
string of losses?

1
This
import is incredibly Quantify Your Strategy's
Edge
a
know y nt, if you do
o n
profita ur strategy ’t Run backtests or historical analysis to
you tru ble, how ca is
st n
your P it? Work ou determine the overall profitability of your
rofit F
actor! t strategy. Know its expected win rate,
-Jordo
n average profit per trade, and maximum
drawdown. When a losing streak happens,

2
you’ll know if it’s within normal bounds.

Create a "Decision-Lock"
Period
Establish a rule for yourself where you
don’t make any changes to your trading
system after a predetermined number of
trades (e.g., 100 trades) unless you’ve
identified a significant flaw. This prevents
emotional, short-term thinking.

3
Journal Your Thoughts
During Losing Streaks
Whenever doubt creeps in after a loss, journal
your thoughts. Document the exact feelings
and thoughts, then review them later in calmer
moments. This reflection helps you identify if
you're reacting emotionally rather than

4
rationally.

Rely on Data, Not Emotion

Have a visual representation of your
historical performance (a graph, win/loss
percentages, etc.) to reinforce confidence
in your strategy. Look at the long-term trend
to remind yourself that temporary losses
don’t define the success of your strategy.
 Are you afraid to increase your
position size, even when your trading
strategy suggests it’s appropriate?

1
Calculate the Appropriate
Risk per Trade
Know your risk tolerance and calculate how
much you should risk on each trade as a
percentage of your capital. This could be 1-
2% of your account per trade. When position
sizes are based on a clear formula, the

2
decision feels less intimidating.

Implement Incremental
Sizing
Start by increasing your position size
incrementally. For example, if you
normally trade 0.5%, start by trading 0.6%
on high-confidence trades. Gradually
increase the size as your confidence
grows, without making sudden large
jumps.

3
Use Demo or Micro
Accounts for Adjustment
If fear is still overwhelming, practice
increasing position size in a demo account or
with a micro lot size on a live account. This
reduces the emotional impact while still
getting you comfortable with larger numbers.

4
Journal Your Emotional
Response
Track how you feel after executing a larger
trade. Write down if the increased size led to
emotional reactions like anxiety or fear, and
work on identifying why. By acknowledging
and reflecting on these emotions, you can
learn to control them better.
Do you often feel like you’re 'missing
out' when others are profiting from
a trade you didn’t take?

1
Develop a Well-Defined
Trade Plan
Create a detailed trade plan that outlines
which types of trades you will and won’t
take. When FOMO hits, you’ll have clear
criteria to remind you why you’re not in

2
certain trades, reducing impulsive decisions.

Focus on the Long-Term

Goals
Remind yourself that trading is a long-
term game. A missed trade today doesn’t
mean you’ve lost the opportunity forever.
There will always be another trade, and
patience is key to lasting success.

3
Reframe Missed Opportunities
as Data Points
When you miss a trade, treat it as a learning
experience rather than a loss. Review why you
missed the trade. Did it fall outside your plan,
or was it something you should have
considered? Use the missed opportunity to

4
refine your process.

Practice Mindfulness and

Emotional Detachment
Use mindfulness exercises to detach from
the emotions that FOMO triggers. When you
feel the fear rising, take a break and reset
mentally. This will help you stay focused on
your strategy instead of the excitement of
other traders’ successes.
Do you constantly switch strategies
in search of the ‘perfect’ one after a
few losses?

1
Commit to a Strategy
Trial Period
Before you begin trading a new strategy, set
a predetermined trial period (e.g., 3 months
or 50 trades). During this period, make no
changes to the strategy. This commitment

2
helps prevent jumping ship at the first sign of
trouble.

Analyze the
Performance Metrics
Identify key performance metrics for your
strategy (e.g., win rate, profit factor,
maximum drawdown). Track these
metrics throughout the trial period to
objectively assess performance.

3
Address Emotional Responses
to Losses
If a losing streak happens, journal your
emotional responses without taking
immediate action. Review this journal later to
understand if you’re reacting emotionally or
logically. This helps you recognize if strategy

4
changes are based on fear or data.

Perform Regular Strategy

Reviews
At the end of each trial period, conduct a
full review. Did the strategy meet
expectations? If not, was it due to poor
market conditions or flaws in the system?
This structured review prevents emotional
overhauls based on short-term results.
Do you feel paralyzed by too much
information before placing a
trade?

1
Simplify Your Analysis
Tools
Reduce the number of indicators or sources
of information you use to the essentials. Pick
a few core indicators or data points that
consistently give you actionable

2
information.

Create a Time-Limited
Decision Process
ith
Set a specific time limit for how long you fu l w use
e
car on’t te
allow yourself to analyze a trade. For Be one, d , crea
ly d
example, limit your analysis to 15 thisiteral base at
it l im e th
minutes. Once the time is up, make a a t roach se for
n !
decision based on the available app es se ategy
a k str
m ur
information. yo

3
Develop a Hierarchy of
Information
Rank the importance of the data points you
use. This hierarchy should guide your focus,
so that when time is tight, you concentrate on
the most critical elements for your trading
decisions.

4
research Trading with
Fewer Inputs
Try researching a few trades using a
reduced set of data (e.g., only price action
and one or two key indicators). This will help
you realize that often, less information can
lead to better, more decisive actions.
 Do you find it hard to handle
external criticism or feedback on
your trading?

1
Separate Emotion from
Constructive Feedback
Learn to differentiate between constructive
criticism and negative comments. If the
feedback offers practical insights, view it as
an opportunity for growth rather than a
personal attack.

2
Establish a Trusted
Feedback Circle
Identify a few experienced traders or
mentors whose opinions you trust.
Regularly seek feedback from them
rather than from a broad, unfiltered
group. This helps you stay grounded in
your learning process.

3
Build Emotional Detachment
Practice emotional detachment when
receiving feedback. Before reacting, take a
moment to process the information and ask
yourself: "Is this feedback helping me become
a better trader?" If yes, integrate it into your
practice.

4
Reflect on Past Growth

Regularly look back on how far you’ve

come in your trading journey. This
retrospective will remind you that criticism
is part of the growth process, and that
you’ve likely overcome challenges in the
past.
who is the boss?
Imagine a figure who is equal parts wise mentor, stern
evaluator, and unwavering ally. This is “the Boss.”

He doesn't have a face or a name, but he’s the

presence that pushes you to be better. Every time you
approach a trade, he's there, expecting clarity, logic,
and discipline. He listens to your reasons, observes
your decision-making process, and takes note of every
move you make, no excuses, no fluff.

But the Boss isn’t here to intimidate you. He’s here to

keep you grounded, to check your ego, and to remind
you that trading is a craft of skill and strategy. He
rewards growth and dedication, not luck or impulse. If
you fail, he doesn’t hide disappointment, yet if you
succeed, he doesn’t rush to praise you either. The
Boss is simply a constant, unyielding presence, there
to remind you that every trade has a reason, every
decision has a consequence, and every action must be
deliberate.

The beauty of the Boss is that he can belong to

anyone. Traders can invite their own “Boss” into their
process, treating him as the final gatekeeper of each
idea and action. He’s there to encourage
accountability, to demand reason, and to sharpen your
trading edge, even in the moments no one else is
watching.

Embrace the Boss, let him push you, and watch as he

quietly shapes you into a better trader.

"The boss came about when we were

playing around with 1+1=0 hedging
strategy. We wanted someone to hold Jordon Mellor
us accountable and someone we don’t CO-HOST

want to disapoint, we now share this

with you."
CONTACT
INFORMATION
@marketwake-up
[email protected]
www.tradedelicious.com
Market Wake-Up
THANK YOU
MIND OVER MARKETS
APPROVAL!
Louise Bedford is a trading pyschology expert with
over 34 years experience, she is a 6 time best
selling author of books on the stock market and she
personally approves this content!

@mindovermarketshow