In this video, John Locke and Stephen explore the essential principles of disciplined trading, focusing on key topics like setting loss limits, understanding trade design, and the importance of reflective debriefs. We hope that you'll discover actionable tips for managing risk and avoiding common pitfalls, such as revenge trading or forcing your trades to succeed outside their intended use case.

📌 Key Takeaways:

-Daily and Monthly Loss Limits: Learn how to set realistic thresholds to maintain control and ensure trader hygiene.

-Pausing After Losses: Why taking a break after consecutive losses can protect your mental clarity and decision-making.

-Trade Design and Structure: Understand the purpose and limitations of your trade setups to avoid unnecessary risk.

-Debriefing with Purpose: Dive deep into your trading actions to identify errors, improve strategies, and align with market conditions.

-Avoiding Emotional Trading: Strategies to prevent revenge trading and mitigate the risks of emotional decision-making.

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00:00 – Trading Student Question
00:34 – When should I stop trading? 
01:39 – How much am I willing to lose?
03:38 – Trading Strategy or Trader Problem? 
05:30 – Deconstruct the Trade (Trade Debrief)
07:10 – Plan for losses
08:45 – Preplanned Market Expectations
10:11 – Expecting more out of the trade than it is capable of doing?
13:33 – Understand the purpose of the trade
15:59 – Trading on Tilt 
16:41 – Trade with us!


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John Locke has been working with options for 20+ years and has built himself up as a leader in the stock options trading industry. Having trained now hundreds of traders, his natural ability to teach complex topics with clarity and passion has made him invaluable to the trading community. 

*The result shown is from real-time, hypothetical trades such as those shown in the Options Trading for Income weekly webinar or Trading With The PROS biweekly webinars. Simulated trades are believed to be represented as accurately as possible, however, live results may have been different.  The result is shared as an example for educational purposes ONLY.

Setting Loss Limits as an Options Trader

John Locke has been working with options for 20+ years and has built himself up as a leader in the stock options trading industry. Having trained now hundreds of traders, his natural ability to teach complex topics with clarity and passion has made him invaluable to the trading community.

Setting Loss Limits as an Options Trader

Locke In Your Success