{"id":19323,"date":"2012-06-06T14:29:45","date_gmt":"2012-06-06T18:29:45","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=19323"},"modified":"2012-06-06T15:54:42","modified_gmt":"2012-06-06T19:54:42","slug":"the-myth-of-the-pain-threshold","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold","title":{"rendered":"The myth of the pain threshold"},"content":{"rendered":"

An SMB Trader during his daily review wrote:<\/p>\n

Today was definitely a day to really pick your spots for initiating trades. I think for the most
\npart I selected the right stocks today but just had trouble managing some of the trades namely in
\nFB and FAST. Something I thought about today after getting stopped out of a FB short before
\nit broke down was that I noticed I don\u2019t have a very high pain threshold for the most part. I then
\nstarted to wonder if that quality is a merit or a flaw when it comes to trading. On the one hand it
\nalways keeps me in the game for the whole trading day since I never sustain a rip or two that\u2019s so
\nbad it stop me out for the day. However, I feel like it does prevent me from crushing some the
\nbigger picture plays that take a bit more time to play out before you get paid on them. I want to<\/p>\n

play to my strengths but still be able to push myself out of my comfort zone. Thoughts?<\/p><\/blockquote>\n

Bella responds via email
\n<\/strong><\/p>\n

I am not a fan of the pain threshold if you define that as expanding your stops.<\/p>\n

However I am a fan of you understanding when to take your loss but then keep watching the stock<\/div>\n
AND developing a plan for reentry<\/div>\n
For example I do not like holding FAZ all the way down to the whole when our stop was 14c (see chart below)<\/div>\n
But I do like getting back in to FAZ if it is holding above 20c again<\/div>\n
One play is you fighting the trend and hoping and wishing and praying that a stock trending against you reverses.<\/div>\n
I do not like those odds.<\/div>\n
You do not make a career making these types of trades.<\/div>\n
the other is you using an important intraday support level and not trading against the trend<\/div>\n
does this make sense?<\/div>\n
\"\"<\/a><\/div>\n

<\/p>\n

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

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

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

An SMB Trader during his daily review wrote: Today was definitely a day to really pick your spots for initiating trades. I think for the most part I selected the right stocks today but just had trouble managing some of the trades namely in FB and FAST. Something I thought about today after getting stopped out of a FB short … 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":[1],"tags":[4676,162,30,1828,1193,653,1354,1989,1349],"class_list":["post-19323","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-day-trading","tag-day-trading-blog","tag-prop-trading","tag-smbu","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-course","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nThe myth of the pain threshold | 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\/the-myth-of-the-pain-threshold\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The myth of the pain threshold | SMB Training\" \/>\n<meta property=\"og:description\" content=\"An SMB Trader during his daily review wrote: Today was definitely a day to really pick your spots for initiating trades. I think for the most part I selected the right stocks today but just had trouble managing some of the trades namely in FB and FAST. Something I thought about today after getting stopped out of a FB short ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold\" \/>\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=\"2012-06-06T18:29:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2012-06-06T19:54:42+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/6_5_2012_FAZ.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\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"The myth of the pain threshold\",\"datePublished\":\"2012-06-06T18:29:45+00:00\",\"dateModified\":\"2012-06-06T19:54:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold\"},\"wordCount\":340,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/6_5_2012_FAZ.png\",\"keywords\":[\"day trading\",\"day trading blog\",\"prop trading\",\"smbU\",\"trader education\",\"trader training\",\"trading coach\",\"trading course\",\"trading mentor\"],\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold\",\"name\":\"The myth of the pain threshold | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/6_5_2012_FAZ.png\",\"datePublished\":\"2012-06-06T18:29:45+00:00\",\"dateModified\":\"2012-06-06T19:54:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#primaryimage\",\"url\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/6_5_2012_FAZ.png\",\"contentUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/6_5_2012_FAZ.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The myth of the pain threshold\"}]},{\"@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":"The myth of the pain threshold | 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\/the-myth-of-the-pain-threshold","og_locale":"en_US","og_type":"article","og_title":"The myth of the pain threshold | SMB Training","og_description":"An SMB Trader during his daily review wrote: Today was definitely a day to really pick your spots for initiating trades. I think for the most part I selected the right stocks today but just had trouble managing some of the trades namely in FB and FAST. Something I thought about today after getting stopped out of a FB short ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2012-06-06T18:29:45+00:00","article_modified_time":"2012-06-06T19:54:42+00:00","og_image":[{"url":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/6_5_2012_FAZ.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":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"The myth of the pain threshold","datePublished":"2012-06-06T18:29:45+00:00","dateModified":"2012-06-06T19:54:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold"},"wordCount":340,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/6_5_2012_FAZ.png","keywords":["day trading","day trading blog","prop trading","smbU","trader education","trader training","trading coach","trading course","trading mentor"],"articleSection":["General Comments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold","url":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold","name":"The myth of the pain threshold | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/6_5_2012_FAZ.png","datePublished":"2012-06-06T18:29:45+00:00","dateModified":"2012-06-06T19:54:42+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#primaryimage","url":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/6_5_2012_FAZ.png","contentUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/6_5_2012_FAZ.png"},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/the-myth-of-the-pain-threshold#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"The myth of the pain threshold"}]},{"@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\/19323","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=19323"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/19323\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=19323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=19323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=19323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}