Wick

Naming your leaks

Journaling & Review

A leak is a mistake with a pattern

Everyone makes bad trades. A leak is a bad trade you make repeatedly for the same reason: re-entering minutes after a loss, sizing up to make it back, moving a stop rather than accepting it, cutting a winner early from anxiety. Once a leak has a name and a count, it stops being a character flaw and becomes a specific thing to fix — which is the entire design of Wick's mistake engine. It doesn't tell you that you're undisciplined; it tells you that you sized up after a loss four times this week.

Check yourself

The value of naming a leak and counting it is that…

  1. It proves you're a bad trader
  2. A named, counted habit is fixable in a way 'be more disciplined' is not correct
  3. It makes losses smaller

'Be disciplined' is not an instruction anyone can follow. 'Wait five minutes after a red trade' is.

Learn this properly

This term has a full interactive lesson in Wick — the chart, the pattern to tap, and a live practice terminal to try it on. Free to start.

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