{"id":15628,"date":"2011-11-21T14:02:13","date_gmt":"2011-11-21T19:02:13","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=15628"},"modified":"2011-11-21T14:02:13","modified_gmt":"2011-11-21T19:02:13","slug":"a-lesson-from-the-trader-expo","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo","title":{"rendered":"A lesson from the Trader Expo"},"content":{"rendered":"

Back from the Vegas Trader Expo, which was a lot of fun.\u00a0 I presented at 8AM Friday.\u00a0 I started my presentation with, “I am very disappointed to see a packed house.\u00a0 It is 8AM.\u00a0 This is Vegas.\u00a0 I hope you are all just rolling in from last night :)”\u00a0 That is tough start time for Vegas.\u00a0 Heck it was a tough start time for even me working on EST.<\/p>\n

My presentation was about building a PlayBook that makes sense to you.\u00a0 I went through the SMB PlayBook Template.<\/p>\n

Name of the Play<\/p>\n

Big Picture<\/p>\n

Intraday Fundamentals<\/p>\n

Technicals<\/p>\n

Reading the Tape<\/p>\n

Trade Management<\/p>\n

Review<\/p>\n

As I began to explain our template I received an excellent question from an attendee.\u00a0 He asked, “I am a swing trader.\u00a0 Why do I have to be concerned with Reading the Tape?”\u00a0 Short answer- you don’t.<\/p>\n

We ask our trainees to develop a Playbook that makes sense to them so they understand their best trades.\u00a0 So that they focus on their strengths and eliminate their weaknesses.\u00a0 We want our mentees focusing on getting bigger in their best plays.\u00a0 We want them branding their best plays in their trading minds.\u00a0 We want them internalizing their most opportunistic trades.<\/p>\n

But I am not suggesting that you build a PlayBook that uses the exact criteria for a trade that we do. If you do not trade like us, fine. However, co-opting this exercise for your trading is still very helpful. And you must develop criteria for each trade.\u00a0 You ought to archive a best trade each day.\u00a0 You must understand your best plays and obsess about whether you were big enough in them.\u00a0 What the plays are.\u00a0 How you get into them.\u00a0 The way you find them.\u00a0 That is about you developing Your PlayBook.\u00a0 And up to you.<\/p>\n

To that gentleman asking that wonderful question at the Expo, I might also add that if you have read our blog over the years you will understand our training philosophy. We are the anti-gurus. If we can get you to think about your trading so that you can improve, then we sit with proud smiles on our faces. But we never mean to represent that we have all the answers and should be followed blindly. We do have a lot of the right questions you might ask yourself to improve as a trader.<\/p>\n

Thanks to all of you who came out to meet us in Vegas.\u00a0 Thxs to the MoneyShow for inviting me.<\/p>\n

Bella<\/p>\n

One Good Trade<\/a><\/p>\n

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

Back from the Vegas Trader Expo, which was a lot of fun.\u00a0 I presented at 8AM Friday.\u00a0 I started my presentation with, “I am very disappointed to see a packed house.\u00a0 It is 8AM.\u00a0 This is Vegas.\u00a0 I hope you are all just rolling in from last night :)”\u00a0 That is tough start time for Vegas.\u00a0 Heck it was a … 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":[1243,655,653,1354],"class_list":["post-15628","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-moneyshow","tag-trader-expo","tag-trader-training","tag-trading-coach","no-post-thumbnail"],"yoast_head":"\nA lesson from the Trader Expo | 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\/a-lesson-from-the-trader-expo\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A lesson from the Trader Expo | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Back from the Vegas Trader Expo, which was a lot of fun.\u00a0 I presented at 8AM Friday.\u00a0 I started my presentation with, “I am very disappointed to see a packed house.\u00a0 It is 8AM.\u00a0 This is Vegas.\u00a0 I hope you are all just rolling in from last night :)”\u00a0 That is tough start time for Vegas.\u00a0 Heck it was a ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo\" \/>\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=\"2011-11-21T19:02:13+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\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=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"A lesson from the Trader Expo\",\"datePublished\":\"2011-11-21T19:02:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo\"},\"wordCount\":422,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"keywords\":[\"moneyshow\",\"trader expo\",\"trader training\",\"trading coach\"],\"articleSection\":[\"Mike Bellafiore's (Bella's) Blogs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo\",\"name\":\"A lesson from the Trader Expo | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"datePublished\":\"2011-11-21T19:02:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#primaryimage\",\"url\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"contentUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A lesson from the Trader Expo\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\",\"name\":\"Bella\",\"description\":\"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/bellas-blog\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/bella\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A lesson from the Trader Expo | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo","og_locale":"en_US","og_type":"article","og_title":"A lesson from the Trader Expo | SMB Training","og_description":"Back from the Vegas Trader Expo, which was a lot of fun.\u00a0 I presented at 8AM Friday.\u00a0 I started my presentation with, “I am very disappointed to see a packed house.\u00a0 It is 8AM.\u00a0 This is Vegas.\u00a0 I hope you are all just rolling in from last night :)”\u00a0 That is tough start time for Vegas.\u00a0 Heck it was a ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2011-11-21T19:02:13+00:00","og_image":[{"url":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","type":"","width":"","height":""}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"A lesson from the Trader Expo","datePublished":"2011-11-21T19:02:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo"},"wordCount":422,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","keywords":["moneyshow","trader expo","trader training","trading coach"],"articleSection":["Mike Bellafiore's (Bella's) Blogs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo","url":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo","name":"A lesson from the Trader Expo | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","datePublished":"2011-11-21T19:02:13+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#primaryimage","url":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","contentUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png"},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/a-lesson-from-the-trader-expo#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"A lesson from the Trader Expo"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161","name":"Bella","description":"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.","sameAs":["https:\/\/www.smbtraining.com\/blog\/bellas-blog"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/bella"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/15628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/144"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=15628"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/15628\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=15628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=15628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=15628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}