{"id":18270,"date":"2012-04-04T16:50:38","date_gmt":"2012-04-04T20:50:38","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=18270"},"modified":"2012-04-04T16:50:38","modified_gmt":"2012-04-04T20:50:38","slug":"this-is-a-traders-fault","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault","title":{"rendered":"This is a trader’s fault"},"content":{"rendered":"

I received this trading recap from an SMB Trader:<\/p>\n

\n
I love these types of days where I can keep my tickets really low and keep 95% of what i gross. For some reason when I trade from home, i don’t over trade and am able to keep my tickets really low. maybe because i have other\u00a0responsibilities\u00a0when i stay home like taking care of both dogs when my brothers not around.. maybe\u00a0subconsciously i think that being in the office means i need to be trading all the time. i also don’t get involved with the higher priced\/in play stocks as much as i do when im on the desk. i just do my thing trading the small caps.i only wait for the A+ setups in higher priced stocks. \u00a0need to figure out how to have these types of days when im in the office, and learn to keep my tickets low and be more selective. definitely sitting next to shark is going to make me more money 90% of the time, but he also is in 15 stocks a day but he’s making so much more in his winners that it works. maybe i get involved in too many of his trades\u00a0sometimes, but i trust him more than anyone on the desk and we work well as a team and push\u00a0each other\u00a0to do better.<\/div>\n
Today the theme was low floats. multiple low floaters are up huge like CLNT up 300% and HEAT up 300%. when u see that type of mania in the low floaters they always try to find the next one. i happened to find 1 before everyone else did and I was able to really capitalize on it. and whats interesting is that i traded with very small size in HIHO because the volume was so low(at the time). but i held it for a big move because i was never so big that it becomes uncomfortable to sit in for awhile. bought HIHO at 2.43 and sold some in the 2.70’s, bought it back on dips to 2.55 and sold again in the high 2.60’s and 2.70’s..bought a half tier back at 2.65 and sold in mid 2.70’s..so i was able to\u00a0extract\u00a0alot of money out of this stock on very small size(1000-2000 shares which is not much in a 2$ stock). i think it goes to 3 tomorrrow so im trying to hold a feeler overnight. i made the same trade in znga that i did yesterday at multi day support level. HAUP was another low<\/div>\n<\/blockquote>\n
Bella<\/strong><\/div>\n

I was walking with a new trader the other day who expressed confusion on how to use the “noise” on the desk around him.\u00a0 Let’s define “noise” as the information shared by other traders on the desk.\u00a0 He felt these ideas were hurting him.\u00a0 The bad ideas for his trading certainly will.\u00a0 I was clear to guide the correct expectation of this “noise” and his responsibility to make sense of it for his trading.<\/p>\n

Above you may notice a turn towards “noise” negatively impacting the trader above.\u00a0 But more importantly notice how this trader takes responsibility quickly for using this information flow.<\/p>\n

On those useless, value-taken forums that I no longer visit, the theme of others affecting their trading destiny flows like water in the ocean.\u00a0\u00a0 The thought that someone or something outside of you is the reason for your lack of success as a trader is the very reason why you will fail as a trader.<\/p>\n

So let me be clear about the information you receive as a trader.<\/p>\n

1) You need it.<\/p>\n

Why do you think StockTwits is so popular?\u00a0 Why do you think there are things like trading firms?<\/p>\n

2) You must learn which information is most helpful to you.<\/p>\n

Not all information is created equal for you.<\/p>\n

3) It is on you to use this information to add value to your trading.<\/p>\n

Take responsibility for everything that happens in your trading career.\u00a0 If you use trading information poorly than that is your fault!<\/p>\n

4) The act of complaining about information is the reason why you will fail as a trader.<\/p>\n

It is not the bad information.\u00a0 It is you with the mindset that things like that are actually harming you.\u00a0 It is like those athletes who blame the refs.<\/p>\n

Bella<\/div>\n
One Good Trade<\/a><\/div>\n

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

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

I received this trading recap from an SMB Trader: I love these types of days where I can keep my tickets really low and keep 95% of what i gross. For some reason when I trade from home, i don’t over trade and am able to keep my tickets really low. maybe because i have other\u00a0responsibilities\u00a0when i stay home like … 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":[4676,162,4674,29,50,1193,653,1996,1354,1989,1349],"class_list":["post-18270","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trading","tag-day-trading-blog","tag-one-good-trade","tag-prop-trader","tag-proprietary-trading","tag-trader-education","tag-trader-training","tag-trading-class","tag-trading-coach","tag-trading-course","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nThis is a trader's fault | 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\/this-is-a-traders-fault\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This is a trader's fault | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I received this trading recap from an SMB Trader: I love these types of days where I can keep my tickets really low and keep 95% of what i gross. For some reason when I trade from home, i don’t over trade and am able to keep my tickets really low. maybe because i have other\u00a0responsibilities\u00a0when i stay home like ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault\" \/>\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=\"2012-04-04T20:50:38+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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"This is a trader’s fault\",\"datePublished\":\"2012-04-04T20:50:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault\"},\"wordCount\":729,\"commentCount\":6,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"keywords\":[\"day trading\",\"day trading blog\",\"One Good Trade\",\"prop trader\",\"proprietary trading\",\"trader education\",\"trader training\",\"trading class\",\"trading coach\",\"trading course\",\"trading mentor\"],\"articleSection\":[\"Mike Bellafiore's (Bella's) Blogs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault\",\"name\":\"This is a trader's fault | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"datePublished\":\"2012-04-04T20:50:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#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\/this-is-a-traders-fault#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"This is a trader’s fault\"}]},{\"@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":"This is a trader's fault | 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\/this-is-a-traders-fault","og_locale":"en_US","og_type":"article","og_title":"This is a trader's fault | SMB Training","og_description":"I received this trading recap from an SMB Trader: I love these types of days where I can keep my tickets really low and keep 95% of what i gross. For some reason when I trade from home, i don’t over trade and am able to keep my tickets really low. maybe because i have other\u00a0responsibilities\u00a0when i stay home like ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2012-04-04T20:50:38+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":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"This is a trader’s fault","datePublished":"2012-04-04T20:50:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault"},"wordCount":729,"commentCount":6,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","keywords":["day trading","day trading blog","One Good Trade","prop trader","proprietary trading","trader education","trader training","trading class","trading coach","trading course","trading mentor"],"articleSection":["Mike Bellafiore's (Bella's) Blogs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault","url":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault","name":"This is a trader's fault | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","datePublished":"2012-04-04T20:50:38+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/this-is-a-traders-fault#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\/this-is-a-traders-fault#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"This is a trader’s fault"}]},{"@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\/18270","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=18270"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/18270\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=18270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=18270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=18270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}