{"id":12110,"date":"2011-06-08T11:47:23","date_gmt":"2011-06-08T15:47:23","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=12110"},"modified":"2021-05-07T11:23:02","modified_gmt":"2021-05-07T15:23:02","slug":"the-unprofessional-summer-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-unprofessional-summer-trader","title":{"rendered":"The unprofessional summer trader"},"content":{"rendered":"

This is the time when all the tweets and blogs start about hitting the links, or grabbing drinks early, or heading for the\u00a0beach. \u00a0If you have ever traded prop at a big firm you will see seats empty on Friday after 1pm. \u00a0There will be many who do not come back from lunch on a Thursday. \u00a0Missed Mondays and long weekends are a given. \u00a0I just do not get this.<\/p>\n

When I first started trading we considered it a\u00a0privilege\u00a0to be connected to the inside market. \u00a0 Well it is. \u00a0 It was not that long ago when the banks had a monopoly on connectedness to the inside market. \u00a0Never forget that. \u00a0Trading is a\u00a0privilege.<\/p>\n

In this world of over-stimulation and immediate feedback do young traders expect too much action all-the-time from the market? \u00a0If you have to sit and just watch stocks trade from 11am to the close without a trade is that so horrible? \u00a0You are not laying concrete on an overheated highway. \u00a0You are sitting in a comfortable chair, A\/C blasting, surrounded by friends, with access to the internet and music and TV. \u00a0Part of trading is waiting, just being on your desk, ready to pounce on an unexpected opportunity.<\/p>\n

If you do not have a vacation planned then sit in your seat and focus. \u00a0Trading does not mean always having positions. A great deal of trading is gathering data so that you can gain an edge for a future trade. \u00a0That might be intraday, or the next session or next week. \u00a0But if you not at your seat because you deemed a session too uninteresting for your full focus then you are not preparing yourself for that next great trading opportunity. \u00a0This is not you at your best as a trader.<\/p>\n

Once you accept that you can conclude a day not worth your full attention you become a lesser trader. \u00a0If you step onto a trading floor you are there to work. \u00a0All day. \u00a0With all your focus. \u00a0Anything less is unprofessional.<\/p>\n

Thoughts?<\/p>\n

Mike Bellafiore<\/p>\n

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

This is the time when all the tweets and blogs start about hitting the links, or grabbing drinks early, or heading for the\u00a0beach. \u00a0If you have ever traded prop at a big firm you will see seats empty on Friday after 1pm. \u00a0There will be many who do not come back from lunch on a Thursday. \u00a0Missed Mondays and long … 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":[1],"tags":[4674,81,1832,96,1193,653,1354,1349],"class_list":["post-12110","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-one-good-trade","tag-smb-training","tag-smb-u","tag-summer-trading","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nThe unprofessional summer 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\/the-unprofessional-summer-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The unprofessional summer trader | SMB Training\" \/>\n<meta property=\"og:description\" content=\"This is the time when all the tweets and blogs start about hitting the links, or grabbing drinks early, or heading for the\u00a0beach. \u00a0If you have ever traded prop at a big firm you will see seats empty on Friday after 1pm. \u00a0There will be many who do not come back from lunch on a Thursday. \u00a0Missed Mondays and long ... 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