Yes You Can Become a Better Trader!

May 22nd, 2014 | By | Category: Dna Program, Trader Development, Trading Lesson
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How You Can Be Better Tomorrow Than You Are Today

I am often asked: What is the most important attribute to become a successful trader. My answer may surprise you.

It has nothing to do with “conviction” market predictions. In fact, for those that have read my latest book The PlayBook, I scorch the myth propagated by the Financial Media Entertainment Complex that trading is about “conviction” predictions.

It has little to do with where you went to school , where you grew up, or who your dad is. Trading is a meritocracy paying those with skill.

Now one attribute is not all there is to becoming a successful trader but remember the question and remember that often it is one asked by another to me.

Improve with Each Trade, Each Day, Each Month

Recently one of our best senior traders ripped up over three thousand dollars in a Reversal Trade. I loved the trade.

  • The trader was aggressive where he should have been.
  • The trader had an edge with this setup.
  • The trader could have made multiples of 3k if he was right.
  • In short, the trader put on an excellent risk/reward short.

And he lost.

What happened next makes all the difference between the average trader and the successful trader. He sought to learn from this trade. He emailed me and his outside trading coach for feedback. He reviewed in detail what he did well and where he could have minimized his losses. He prepared a follow up trade in this stock for the next day. As I write, he is deep in the money on that trade (but I hope you recognize that is not the point).

This trader has a growth mindset. A growth mindset is my favorite attribute to witness from the traders we train. Every trade is an opportunity to grown and learn and push past personal ceilings.

The Growth Mindset for a Trader

Do you judge your trading by your PnL? Do you have a review process after each close to become your best trader? Do you know what setups make the most sense for your personality? Have you archived these trades in detail so they are internalized and you can trade them better and bigger? Do you have a process to increase your size responsibly with your best setups?

Our pro traders are taught to grow from each trade, each session, and each trading month with the tools, education, and infrastructure we offer to them. These are the same techniques and tools students learn and have access to in the SMBU DNA Program. Perhaps they can help your trading.

Register today for the new training event on May 28.

Click here to register today.


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1. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through and in person. SMB TRAINING also offers web-based, interactive training courses on demand.

2. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

3. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

4. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.

5. No relevant positions

6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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