{"id":11730,"date":"2011-05-22T21:29:34","date_gmt":"2011-05-23T01:29:34","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=11730"},"modified":"2011-05-22T21:29:58","modified_gmt":"2011-05-23T01:29:58","slug":"should-we-increase-the-tier-size-for-this-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/should-we-increase-the-tier-size-for-this-trader","title":{"rendered":"Should we increase the tier size for this trader?"},"content":{"rendered":"

I received an email from a new trader asking for input on whether to increase his max tier size (how many shares he can trade per position). \u00a0To get bumped up a trader might reach out to a \u00a0Senior Trader to receive the increase. \u00a0 This is a trader who does everything asked of him. \u00a0This is his 6th live week of trading. \u00a0He started as a new trader. \u00a0Here are my observations:<\/p>\n

1) Notice how his best days are equal to his worst days. \u00a0This is not optimal. \u00a0You want your best days to be 2xs your worst.<\/p>\n

2. Notice how many days he has very close or at his stop for this stage of his trading career. \u00a0He is close to being stopped out on 1\/3 of his trading days. \u00a0Not more than 1\/5 are the numbers of most consistently profitable traders.<\/p>\n

3. He should hit $300 at his current tier size before he should worry about aggressively increasing his tier size.<\/p>\n

4. His last week is excellent for his young career. \u00a0This is what I expect from this trader.<\/p>\n

5. I am very confident this young trader will become a very successful trader. \u00a0He works at his game. \u00a0He is getting better everyday. \u00a0His skill are advanced for just 6 weeks into the game.<\/p>\n

6. Would you bump up this trader?<\/p>\n

\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I received an email from a new trader asking for input on whether to increase his max tier size (how many shares he can trade per position). \u00a0To get bumped up a trader might reach out to a \u00a0Senior Trader to receive the increase. \u00a0 This is a trader who does everything asked of him. \u00a0This is his 6th live … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1804,1580,81,64,1193,653,1354,1349],"class_list":["post-11730","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-increase","tag-sizing","tag-smb-training","tag-tier-size","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nShould we increase the tier size for this trader? | 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\/should-we-increase-the-tier-size-for-this-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should we increase the tier size for this trader? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I received an email from a new trader asking for input on whether to increase his max tier size (how many shares he can trade per position). \u00a0To get bumped up a trader might reach out to a \u00a0Senior Trader to receive the increase. \u00a0 This is a trader who does everything asked of him. \u00a0This is his 6th live ... 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