How to Create New Habits to Become a Better Trader

When I want to create a new habit, I take a 30 day challenge in order to ingrain the new action into my daily routine. I pick an action and set a time and place to repeat that action every day for 30 straight days. I call this the 30 day challenge. Why the 30 day challenge?

A simple neurological loop is at the core of every habit. If you want to create change, you must create a new habit loop. Once the habit loop is created, the action you are trying to create becomes ingrained into your daily routine.  You don't even have to think about doing it.

I create the habit loop  by forcing myself to start doing the same thing every day for 30 days.  In the morning, in front of my computer I place a large post it with the time, place and action I must complete. No matter how badly I want to do something else, I do what I have told myself to do.  If I can do this for 30 days, without fail the action becomes so ingrained in me that I feel like something is wrong if I don't do it.

So what is my new action?

One of the most important factors in my market analysis is using underlying breadth indicators to confirm my chart analysis of the market. For years, the first thing I would do within the first 15 minutes of market open is gauge the TICK, watch the number of breakouts and breakdowns and compare my own focus list gains to that of SPY.  Doing this for a few days always gets me "in tune" with the market. Lately however, I've been going straight to my swing trading focus list, my day trading setups and even monitoring what my friends and Trade Report members are doing instead of following the breadth indicators.  Even if I tell myself to ignore the other stuff and follow breadth the night before, in the morning I tend to follow my new pattern.  I am not happy about this and am looking to change this bad habit.

On a post it note I have written the following:

Action: Breadth Analysis
Time: 6:35 am
Place: Family Room

I will do this every day for the next 30 days.  If I get through it, this new action will become an ingrained part of my daily routine, a new habit.

Our actions become our habits - Mahatma Gandhi

We become what we repeatedly do - Sean Covey

The chains of habits are too weak to be felt, until they are to strong to be broken - Samuel Johnson

What new action would you like to turn into a habit?

How to find stocks to short in under 2 minutes

I have a gift for all you busy stock traders that want to quickly find high quality short setups. In this short and sweet 2 minute video, I show you how to scan for short setups using the free website finviz. It will literally take you no more than 2 minutes to narrow the universe of stocks from thousands down to a few perfect short setups.

Why am I sharing this video with you? Six years ago I was a part-time trader with a demanding full-time job and a wonderful, yet time consuming family. In order to pursue my passion of trading, fulfill my goal of creating additional income and eventually trade full time, I had to come up with simple hacks to streamline the process of trading and scanning for stocks. After years of tinkering, I can now find quality short setups in less than 2 minutes!


Now that you have watched the video, head on over to Bullsonwallstreet.com/swing-trading and take a free sample of my nightly trade report. It's another "hack" that will save you time and give you the expertise of a successful full-time trader, all in under 10 minutes per day.  Not only do you get the Report, but also real-time trade alerts and daily videos.

How To Trade SPY After Today's Breakdown

In this short five minute video, I analyze what a swing trader must know in order to trade SPY and the stock market in the coming days and weeks.  I also go over a few of my trades and stocks on the focus list.