{"id":15990,"date":"2011-12-14T17:22:06","date_gmt":"2011-12-14T22:22:06","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=15990"},"modified":"2011-12-14T17:22:06","modified_gmt":"2011-12-14T22:22:06","slug":"a-good-trading-day-can-be-right-around-the-corner","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-good-trading-day-can-be-right-around-the-corner","title":{"rendered":"A good trading day can be right around the corner"},"content":{"rendered":"<p>Your trading can get better.\u00a0 I sacked a trainee to the demo yesterday for sloppy and irresponsible trading.\u00a0 This new trader spent the day thinking about his strengths and mentally rehearsing the best set ups for his trading.\u00a0 This was a time out day.\u00a0 I have done this to this trainee before after a period of underperformance, which then preceded an excellent run in his trading.  <\/p>\n<p>You know after a tough day the ultra competitive trader wants to get right back at it.  There is almost a pain that sits inside them that can only we wiped away with trading profits.  The problem is that sometimes you just do not see the markets that well.  And this overcompetiveness, this need to wipe away underperformance, can make things worse.  Coaches pull star players for a reason and send them to the bench.  Sometimes a trader needs to spend time not trading to regroup, review their strengths and then perform better.    <\/p>\n<p>There are periods when you just do not get it.\u00a0 There are periods when you need a time out.\u00a0 There is trading that you do just have to find a quiet place and have a conversation with yourself about doing better.\u00a0 Being better.\u00a0 Preparing your mind for the best trading in you.<\/p>\n<p>So after being benched for some lousy trading just one day later came this review from that same trader:<\/p>\n<blockquote><p>This was a good day of trading, not my best p&amp;l, but definitely my best day of trading thus far in my career. I was really on today, I barely traded with any size and was very efficient with my trading. I had a relatively strong win percentage and a good ticket average. Things I did well today, I was very discipline in all parts of the day\u2014on the open I didn\u2019t start trading until after 945, I waited for the right set ups and made the right trades. I really didn\u2019t have any size on today but that is fine, I am still skeptical of this market and I was not ready to risk more than tier 2 on any play because of the past two weeks. This was the best trend day we have had so far and I was 100% short today. I did not make one trade on the long side, I was prepared with what I thought were going to be the weakest stocks today, BRCM, FSLR and AVP, the others were just trades I saw either from the radar or other guys on the desk. The give back rule was implemented but I just kept it tight and really didn\u2019t give back more than 10% because I wanted to lock it in today. Things to work on tomorrow- don\u2019t trade until 945 again, be patient and wait for the right time to get into plays I see developing, and only chose stocks that are in play and with the direction of the market\u2014Also, this is my smallest ticket volume since October.<\/p><\/blockquote>\n<p>Bella<\/p>\n<p><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=cm_cr_pr_product_top\">One Good Trade<\/a><br \/>\n<a href=\"http:\/\/twitter.com\/smbcapital\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your trading can get better.\u00a0 I sacked a trainee to the demo yesterday for sloppy and irresponsible trading.\u00a0 This new trader spent the day thinking about his strengths and mentally rehearsing the best set ups for his trading.\u00a0 This was a time out day.\u00a0 I have done this to this trainee before after a period of underperformance, which then preceded &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/a-good-trading-day-can-be-right-around-the-corner\" class=\"more-link\">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-15990","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":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A good trading day can be right around the corner | 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-good-trading-day-can-be-right-around-the-corner\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A good trading day can be right around the corner | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Your trading can get better.\u00a0 I sacked a trainee to the demo yesterday for sloppy and irresponsible trading.\u00a0 This new trader spent the day thinking about his strengths and mentally rehearsing the best set ups for his trading.\u00a0 This was a time out day.\u00a0 I have done this to this trainee before after a period of underperformance, which then preceded ... 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