Holloway plans to bring in new recruits in January. He knows he must halt his side's dire run of one win and six defeats in seven games this season, starting at home to Fulham on Monday.
"There were things I got wrong with Blackpool," said Holloway. "I made mistakes, I got too involved and too emotionally charged. I did not make the best use of the January transfer window - but I have learnt from that.
"The challenge facing the team that comes up through the play-offs is as big as it has ever been. Sam Allardyce should be given a medal for keeping West Ham up last year. We have to finish first of the bottom four."
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