{"id":17623,"date":"2012-03-06T19:20:27","date_gmt":"2012-03-07T00:20:27","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=17623"},"modified":"2012-03-06T19:17:30","modified_gmt":"2012-03-07T00:17:30","slug":"march-trading-madness","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/march-trading-madness","title":{"rendered":"March Trading Madness"},"content":{"rendered":"

I received this email from an SMB trader after the close today:<\/p>\n

After watching some of the VCU v. Drexel college basketball game last night I wanted to
\ntake the VCU head coach\u2019s mantra of \u201cAggressive, Confident, Loose\u201d to trading. I was more
\naggressive than usual with my size in the plays I was involved in. However, I was doing so at
\nthe wrong time of day and as you can see from my chop tracker I got killed between 11 and 1
\nduring midday trading. It\u2019s becoming a lot easier for me to pull the trigger to get bigger in plays
\nwhich I think overall as purely overcoming a psychological block in my trading is really great
\nthing. However, when it comes from emotions and not convictions than what follows aggression
\nis not confident and loose but rather panic and tightness. I\u2019m starting to get a good feel for how<\/p>\n

my body and mind act in certain situations and it becomes very clear to me very quickly whether
\nit was right to add in a play or not. Just need to work on not succumbing to temptations of quick
\nmoney with big size if I can\u2019t give it the real stop.<\/p><\/blockquote>\n

Bella<\/strong><\/p>\n

Well it is hard to ignore college basketball these days.\u00a0 I have plans for a Madison Square Garden visit on Thursday myself.\u00a0 I hope UConn survives until then to face the Cuse.\u00a0\u00a0 Though I am not sure that game doesn’t end in UConn sent packing.<\/p>\n

Sports can teach us so much about how to prepare for trading.\u00a0 But the one thing that an athlete can do that a trader cannot is make things happen.\u00a0 As a trader you must sit, wait for your set up and then execute.\u00a0 There is nothing equivalent to rebounding the basketball, taking it down the court and banging in a three.\u00a0 Well there is.\u00a0 And we call that forcing trades.<\/p>\n

Mostly in sports however athletes are taught to let the game come to them.\u00a0 So the idea of grabbing a rebound and then taking it all the way to the whole is forcing the play.\u00a0 LeBron got crucified the other night for hitting an open man for the last shot of the game instead of shooting himself.\u00a0 He got his teammate a better shot.\u00a0 That is how you play the game.\u00a0 That was One Good Possession.<\/p>\n

You alone cannot move the market.\u00a0 You alone cannot move a stock.\u00a0 Trying to do so will facilitate a massive rejection from Mother Market.<\/p>\n

So sit back and enjoy March Madness.\u00a0 And understand it is true trading madness to think you wanting to do well, you forcing the action in a trade, will bring your desired result.<\/p>\n

Bella<\/p>\n

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

I received this email from an SMB trader after the close today: After watching some of the VCU v. Drexel college basketball game last night I wanted to take the VCU head coach\u2019s mantra of \u201cAggressive, Confident, Loose\u201d to trading. I was more aggressive than usual with my size in the plays I was involved in. However, I was doing … 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":[1990,1961,30,1828,1193,653,1996,1354,1989],"class_list":["post-17623","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trading-class","tag-day-trading-course","tag-prop-trading","tag-smbu","tag-trader-education","tag-trader-training","tag-trading-class","tag-trading-coach","tag-trading-course","no-post-thumbnail"],"yoast_head":"\nMarch Trading Madness | 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\/march-trading-madness\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"March Trading Madness | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I received this email from an SMB trader after the close today: After watching some of the VCU v. Drexel college basketball game last night I wanted to take the VCU head coach\u2019s mantra of \u201cAggressive, Confident, Loose\u201d to trading. I was more aggressive than usual with my size in the plays I was involved in. However, I was doing ... 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