Trader A has overperformed since his start at SMB relative to his experience and peers.  Trader B has underperformed relative to his experience with us.  Trader A went to a middle of the road school.  Trader B has a very impressive educational background.  Both love trading.  Both are guys you build a firm around.

So what separates the two?  Their language.  And this is found curiously in their daily trading reviews.

Here is a daily review sent to me by Trader A.  Notice the language emphasis on daily improvement and what he learned from the trading session.  Take particular notice of the new play he built that made sense to him.  Wow is that awesome work!

I am happy and disappointed at the same time:

o I felt like there was so much money out there today… stocks moving so signicantly.. and

the worst thing is I was involved in a bunch of them and didn’t truly capitalize

o Just in tsl, shld, rcl, and swn I hit out a few cents before over 1 point moves… I gotta be

a little more lenient… were are my ideas truly busted?… that and have to be able to get

back in things

o This was a day to make (more)… and in the stocks I was in… so I leave really

disappointed

With that said there were some thigns I felt good about

o I did hit so many lows and highs and still made respectable money…

o I finally put together a positive close together… and that was through a strategy I

thought off yesterday… I put together a 5 position basket… and 1 position kind of

worked and one really worked and I made 400 in it… so I am going to try to get back to

that in the 2-2:30 hour.. to build my basket…

I really leave today thinking it was a total missed opportunity.. but really optimistic about the

next few weeks.. while the market volatility has decreased… individual stocks are breaking out,

following thorugh… things are cleaner… it just seems like trading is a bit easer the last few days

I am trading larger share size and I am not jumpy… I can hold 1000 shares for the real move…

I am losing the desire to take 10 cents in every trade… because I know I can spread myself out

now and only need a few ideas to really work…

The goal for me today was to not become overconfident and force anything.. I think I let things

come to me… got into my setups… and I am chasing the easy money lately which I see a lot of

people around me trying to stay with thigns that aren’t as moving… or try to buy steep pull ins…I

am sticking to my guns… consolidations in stocks trending and I will continue to as we get into

earnings season

bella, i am absolutely disgusted with my executions today, i barely made any money, i churned and wrote more tickets than i have ever written, i did not pick my entries well at all and i didn’t lay on the risk at the right times, i am so upset at myself for not making more money on a day like today, this was the best day the market has had since xmas and i made ($XX) net, that is absolutely unacceptable, i can’t get over this ($XXX) mark, in november i had no problem hitting those kind of numbers on a regular basis but i have this mental block, i haven’t had my gross p&l over ($XXX) since the first week in december, that is unacceptable, tomorrow i am not trading before 950, no excuses for not learning from the past two weeks, i make all my money during the middle of the day and lose money every open, i write in my review about being more thoughful in my trading and that is a huge part of improving my results that i need to correct, i am very excited for tomorrow but i really need to focus on not making the same mistakes that i made today, let me know if you have any thoughts on my review, thanks

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