Hawai'i Trading Academy | Trading Coaching & Education

The Weekly Reset: How Top Traders Prepare for Monday

Friday close. The week is done. Most traders shut their laptops and don't think about trading until Monday morning. Then they wonder why Monday is their worst day.

The best traders use the weekend differently. They run a Weekly Reset: a structured review that closes one week and prepares for the next. It takes about an hour. It's the highest-ROI hour of your trading week.

Step 1: Trade Review (20 minutes)

Pull up every trade from the week in TradeZella or your journal. Sort by setup type. Calculate win rate, average R, and total P&L by category. Ask: Which setups worked? Which didn't? Were my losses system trades or emotional trades?

Separate the signal from the noise. A bad week with good execution is fine. A good week with bad execution is a warning sign.

Step 2: Rule Adherence Audit (10 minutes)

Go through each trade and mark whether you followed your rules. Calculate your rule adherence percentage. If it's below 80%, that ...

It would be a lie if the monetary aspect of trading wasn't at the foremost of our mind when we got into trading. 

In fact, profits is what drives so many people into the market with its endless, lucrative possibilities.

However,

New traders have a misconception that they can become a full-time trader in a year or less. Although possible, it is more than likely not probable of happening. Please read: IT TAKES TIME TO BE PROFITABLE.

Patience is a key aspect of trading.

You need to be patient in a live position.

You need to be patient before you place a trade.

You need patience with yourself and the systems you have in place when you take a loss.

Some of our best trades have occurred when we just let go of hoping and expecting something to happen. We walked away from our computers and let the trade run its course.

During a month long travel, I was trading at my best. In two back to back positions on NZDUSD & EURGBP, I was able to bank about 3% to close the week. It wouldn't have ...

7 HABITS FOR SUCCESS

Success - the favorable or prosperous termination of attempts or endeavors; the accomplishment of one's goals.

1. Show up. Showing up when you don’t want to. Consistency.  When you aren’t motivated. Showing up is sometimes the hard thing to do but there is no reward in easy work. No fulfillment. Showing up is like building muscle. Build that mental resilience. If you don’t use it and consistently develop and push that mental muscle, you will lose it. 
2. Water your garden (mind). Pour into yourself with books and self development. There’s so much resources out there thanks to technology, there’s almost no excuse to learn something new. Ever wonder why successful people continue to learn, read, meet new people? Because they know they can still play the game and still find ways to wins. 
3. Own your decisions. Own your successes, but in the same breathe, own your mistakes/failures as well. Every choice has risks and consequences. Take responsibility even when it isn’t y
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