{"id":14528,"date":"2011-09-22T08:15:14","date_gmt":"2011-09-22T12:15:14","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=14528"},"modified":"2011-09-22T08:15:14","modified_gmt":"2011-09-22T12:15:14","slug":"dont-let-c-b-trades-cloud-your-judgments-in-a-trades-pcx","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/dont-let-c-b-trades-cloud-your-judgments-in-a-trades-pcx","title":{"rendered":"Don&#8217;t let C-B trades cloud your judgments in A trades (PCX)"},"content":{"rendered":"<p><strong>This is a guest post from one of our traders, SW, about his trading day from Tuesday:<\/strong><\/p>\n<p>A senior trader CB came to me after the close in regards of my recent performance. I expressed my frustration and disgust in missing \u00a0an &#8220;A trade&#8221;. At SMB, we are taught to grade our trading setups A, B, and C, for purposes of proper risk management &#8212; betting the most on your best trades.<\/p>\n<p>After going over my recent trades, CB explained to me that being stopped out frequently in C-B trades has been clouding my judgments in A trades. I started to trade fearfully in A trades, and took profits pre-maturely when a trade was working for me. And it would move another 50c to $1 without me. Why? Because I was too afraid that that they will run my stops. I broke my plan when my emotions got in my way.<\/p>\n<p>CB advised that my trades were fine, and my plans were fine, but I have to stick to my plans and trade more selectively. CB also noticed I was involved in the harder-to-trade stocks.<\/p>\n<p>In the long run, trading is a game of probability. I should not let C and B trades cloud my judgment in A trades. Stick to the plan and keep execute.<\/p>\n<p>Below is my analysis that PCX is not a flat, if short from 12.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/09\/trade-on-pcx.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-14529\" title=\"trade-on-pcx\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/09\/trade-on-pcx-1024x560.png\" alt=\"\" width=\"614\" height=\"336\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/09\/trade-on-pcx-1024x560.png 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/09\/trade-on-pcx-300x164.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/09\/trade-on-pcx.png 1278w\" sizes=\"auto, (max-width: 614px) 100vw, 614px\" \/><\/a><\/p>\n<p>1) Get short (break down &amp; below yesterday&#8217;s low)<br \/>\n2) Get shorter (break down at the low)<br \/>\n3) Get even shorter (below 200day low)<br \/>\n4) Lighten up<br \/>\n5) Get back in<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a guest post from one of our traders, SW, about his trading day from Tuesday: A senior trader CB came to me after the close in regards of my recent performance. I expressed my frustration and disgust in missing \u00a0an &#8220;A trade&#8221;. At SMB, we are taught to grade our trading setups A, B, and C, for purposes &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/dont-let-c-b-trades-cloud-your-judgments-in-a-trades-pcx\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[73,30,1536,1828,1918,4690,148],"class_list":["post-14528","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-prop-desk","tag-prop-trading","tag-risk-management","tag-smbu","tag-trader-trainees","tag-trading-education","tag-trading-plans","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>Don&#039;t let C-B trades cloud your judgments in A trades (PCX) | 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\/dont-let-c-b-trades-cloud-your-judgments-in-a-trades-pcx\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don&#039;t let C-B trades cloud your judgments in A trades (PCX) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"This is a guest post from one of our traders, SW, about his trading day from Tuesday: A senior trader CB came to me after the close in regards of my recent performance. I expressed my frustration and disgust in missing \u00a0an &#8220;A trade&#8221;. At SMB, we are taught to grade our trading setups A, B, and C, for purposes ... 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