{"id":15950,"date":"2011-12-12T17:11:39","date_gmt":"2011-12-12T22:11:39","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=15950"},"modified":"2011-12-12T17:13:19","modified_gmt":"2011-12-12T22:13:19","slug":"a-tough-trading-market","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-tough-trading-market","title":{"rendered":"A tough trading market"},"content":{"rendered":"

It has been tough trading out there of last for most. \u00a0Here are some emails that I have received from traders:<\/p>\n

today was another bad day, cant seem to get a grip on this market, not alot of volume it feels to many shake outs, feel like shutting it down for the year. Im not even making terrbible trades just nothing is really working for me at all.<\/p><\/blockquote>\n

and then:<\/p>\n

\n
You know I made a couple important mistakes today that cost me being up 200 or 400 dollars.. it<\/div>\n
wasn\u2019t an easy day by any means\u2026 I am happy that I didn\u2019t try to push my luck today.. it was an<\/div>\n
easy day to overtrade<\/div>\n
The goal this week again is to stay selective.. and I did I was very very light on tickets\u2026 I didn\u2019t<\/div>\n
try to trade too much.. I was in okay stocks.. the problem was that I risked too much comparably<\/div>\n
on plays that didn\u2019t start working for me\u2026 and I got back in that vmc too much trying to be too<\/div>\n
cute<\/div>\n
I was setup really short to make ncie money if the market did crack out of the huge bear flag<\/div>\n
it was forming.. and I think that was the right trade\u2026 but it has been difficult lately.. and many<\/div>\n
times the opposite of what you think will happen happens<\/div>\n
I am going to continue to be selective.. but to make sure to press it if I see a really good<\/div>\n
opportunity\u2026 basically trying to be a sniper because that is what this market requires\u2026<\/div>\n
So I am doing a good job of not killing myself\u2026 but I need to be as close to pefect as possible to<\/div>\n
grind out some $$ that I know I can each day\u2026 so I am going to keep pushing and keep<\/div>\n
being selective<\/div>\n<\/blockquote>\n
and then:<\/div>\n
\n
The last few weeks for me have been brutal as a trader – I have not been in a slump like this in several months. I’m not necessarily losing a lot of money (only down about 1k in 3 weeks) but every day has been scratch after scratch. I’ve recognized part of the main problem, which was being in the wrong stocks, and since my losses have reduced, however, I’m still having a mix of days, most days ending -$30 to -$80, and of course, those add up.<\/div>\n
I’ve been taking progressive action, as I should (reviewing trades, going back to basics, lowering tier size, only trading high probability setups I understand) but the slump continues. I’ve scoured the SMB blog for posts about getting out of a slump and have re-read those sections in your book, but are there any other sources you recommend? They don’t have to necessarily do with trading – if they’re just psychological exercises, etc. It really has done nothing to me except hurt my psych – it is easy to recognize a passion when that passion can beat you down senselessly yet you keep coming back to it, trying to fix it.<\/div>\n<\/blockquote>\n
What adjustments are you making for this market? \u00a0What is working best for you?<\/div>\n
Bella<\/div>\n
One Good Trade<\/a><\/div>\n

\"\"<\/a><\/p>\n

no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

It has been tough trading out there of last for most. \u00a0Here are some emails that I have received from traders: today was another bad day, cant seem to get a grip on this market, not alot of volume it feels to many shake outs, feel like shutting it down for the year. Im not even making terrbible trades just … 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":[30,1828,1193,653,1354,1349],"class_list":["post-15950","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-prop-trading","tag-smbu","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nA tough trading market | 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-tough-trading-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A tough trading market | SMB Training\" \/>\n<meta property=\"og:description\" content=\"It has been tough trading out there of last for most. \u00a0Here are some emails that I have received from traders: today was another bad day, cant seem to get a grip on this market, not alot of volume it feels to many shake outs, feel like shutting it down for the year. 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