{"id":15964,"date":"2011-12-13T17:32:41","date_gmt":"2011-12-13T22:32:41","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=15964"},"modified":"2011-12-13T17:32:41","modified_gmt":"2011-12-13T22:32:41","slug":"trading-lesson-of-the-day","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/trading-lesson-of-the-day","title":{"rendered":"Trading lesson of the day"},"content":{"rendered":"

I received this note from an excellent trader about the market before today’s open:<\/p>\n

Won be trading for the rest of the year. Tired of this (insert cuss word- deleted) trading. debating on even coming back till earnings season.<\/p><\/blockquote>\n

I can certainly understand those thoughts after struggling through a tough trading market to start December. \u00a0 I have had those thoughts and said those very things. \u00a0You just have to be careful about making such bold assertions about what is to follow. \u00a0While trading can offer us a lot of freedom we must also stay connected to the markets and ready to trade easy opportunity.<\/p>\n

Today after the close I received this snippet from a trainee b:<\/p>\n

Its funny when I look at today and yesterday\u2026 I leave today (nicely profitable- edited) so much moredisappointed with myself then yesterday ending the day flat. Today was the best trading day inweeks and a day to really make a significant amount of money.<\/p><\/blockquote>\n

And then this comment from a new trader:<\/p>\n

I should have made more but I stopped trading at one point to work on other things<\/p>\n

and to lock in a positive day since the last couple of days have been somewhat flat\/tough. I figured,<\/p>\n

buying into pull backs hasn’t been working and since I caught the first move as planned, and traded,<\/p>\n

as I said I should have in the last few reviews, I would lock in my day. This was what I learned over<\/p>\n

the last few days. Unfortunately, I was on the right side of the trades, and the Fed announcement was<\/p>\n

a catalyst for these second moves to work out. This is why I am very disappointed in myself today and<\/p>\n

should have really capitalized more, this is not OK. None the less, I finally traded this market the way it<\/p>\n

is supposed to be traded, size up and take small trades with low risk and high reward. It worked out, but<\/p>\n

I should have recognized that because there was more volume because of the fed meeting, I could have<\/p>\n

traded the continuation plays and doubled my earnings into the close for the bigger moves on less size<\/p>\n

even. Need to understand when to switch strategies. This was one of those days<\/strong>.<\/p><\/blockquote>\n

So this was one of those days after we just announced yesterday we were in a tough trading market. \u00a0Lesson? \u00a0Do not overvalue the past. \u00a0Be ready for new opportunity. \u00a0Take breaks in your trading but stay connected for easy opportunity. \u00a0Part of our job is just to show up and be ready. \u00a0Never convince yourself there is no opportunity coming.<\/p>\n

My response to trainee b:<\/p>\n

\ngood job being a pro today.
\npros show up even after tough trading days and are there for the easy days.<\/p><\/blockquote>\n

Bella<\/p>\n

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

I received this note from an excellent trader about the market before today’s open: Won be trading for the rest of the year. Tired of this (insert cuss word- deleted) trading. debating on even coming back till earnings season. I can certainly understand those thoughts after struggling through a tough trading market to start December. \u00a0 I have had those … 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-15964","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":"\nTrading lesson of the day | 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\/trading-lesson-of-the-day\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trading lesson of the day | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I received this note from an excellent trader about the market before today’s open: Won be trading for the rest of the year. Tired of this (insert cuss word- deleted) trading. debating on even coming back till earnings season. I can certainly understand those thoughts after struggling through a tough trading market to start December. \u00a0 I have had those ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/trading-lesson-of-the-day\" \/>\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=\"2011-12-13T22:32:41+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\" 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