{"id":11637,"date":"2011-05-17T20:56:50","date_gmt":"2011-05-18T00:56:50","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=11637"},"modified":"2011-05-17T20:56:50","modified_gmt":"2011-05-18T00:56:50","slug":"using-your-strengths-to-improve-your-trading-results","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/using-your-strengths-to-improve-your-trading-results","title":{"rendered":"Using Your Strengths To Improve Your Trading Results"},"content":{"rendered":"<p>I had an interesting conversation after the close today with a newb trader who is attempting to become consistently profitable. \u00a0I asked this very intelligent and competitive young woman what were her strongest qualities as a trader. The first thing out of her mouth was she was not afraid to let her winners run. \u00a0She then added that she felt she was very disciplined in terms of the number of trades she takes each day as well as the number of stocks that she allows herself to trade. \u00a0I agreed with her assessment.<\/p>\n<p>I then asked her if she had drawn any conclusions as to why her results were not where she wanted them to be? \u00a0She thought for a moment and then suggested that perhaps she was spending too much time making trades in stocks she was comfortable with but didn&#8217;t necessarily offer the greatest risk\/reward setups on a daily basis. \u00a0I agreed with her assessment.<\/p>\n<p>I then suggested to her that she could take these two strengths: the fortitude to allow her winners to run and her well above average patience in terms of allowing the best setups to materialize to greatly improve her results.<\/p>\n<p>I discussed with her a setup in BIDU from yesterday that involved using a lower time frame entry to minimize her risk but utilized a higher time frame trend to hold for a very large reward. \u00a0We discussed the pattern briefly and her analysis on how to trade the pattern was spot on. \u00a0I was satisfied that she would be able to find this pattern again in the market and make this trade.<\/p>\n<p>Then to my surprise she told me about a trade in RIMM that she had made today, which applied the basic principles we had discussed in relation to the prior day&#8217;s setup in BIDU. \u00a0The trades were not exactly the same but she was employing the higher time frame trend to determine the direction of her trade while using a lower time frame entry to minimize her risk.<\/p>\n<p>Here are the two setups we discussed:<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/05\/bidu-may-16th.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11647\" title=\"bidu may 16th\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/05\/bidu-may-16th.png\" alt=\"\" width=\"600\" height=\"420\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/05\/bidu-may-16th.png 1000w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/05\/bidu-may-16th-300x210.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/05\/rimm-may-17th-short-into-multi-day-resistance.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11648\" title=\"rimm may 17th short into multi-day resistance\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/05\/rimm-may-17th-short-into-multi-day-resistance.png\" alt=\"\" width=\"600\" height=\"420\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/05\/rimm-may-17th-short-into-multi-day-resistance.png 1000w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/05\/rimm-may-17th-short-into-multi-day-resistance-300x210.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I had an interesting conversation after the close today with a newb trader who is attempting to become consistently profitable. \u00a0I asked this very intelligent and competitive young woman what were her strongest qualities as a trader. The first thing out of her mouth was she was not afraid to let her winners run. \u00a0She then added that she felt &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/using-your-strengths-to-improve-your-trading-results\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,8,456],"tags":[1376],"class_list":["post-11637","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-steven_spencer_steves_blogs","category-trader_development","tag-p","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Using Your Strengths To Improve Your Trading Results | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/using-your-strengths-to-improve-your-trading-results\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Using Your Strengths To Improve Your Trading Results | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I had an interesting conversation after the close today with a newb trader who is attempting to become consistently profitable. \u00a0I asked this very intelligent and competitive young woman what were her strongest qualities as a trader. The first thing out of her mouth was she was not afraid to let her winners run. \u00a0She then added that she felt ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/using-your-strengths-to-improve-your-trading-results\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-05-18T00:56:50+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/05\/bidu-may-16th.png\" \/>\n<meta name=\"author\" content=\"sspencer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sspencer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script 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