{"id":19537,"date":"2012-06-18T12:28:55","date_gmt":"2012-06-18T16:28:55","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=19537"},"modified":"2012-06-18T12:28:55","modified_gmt":"2012-06-18T16:28:55","slug":"one-day-on-the-street-with-a-professional-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader","title":{"rendered":"One day on the street with a professional trader"},"content":{"rendered":"<p class=\"MsoNormal\">In the article <a href=\"http:\/\/www.smartmoney.com\/invest\/stocks\/book-takes-a-look-inside-professional-day-traders-1339513989350\/?link=SM_mag_inside&amp;mod=sm_mag\">Book Takes a Look Inside Professional Day Traders<\/a>, national columnist<a href=\"http:\/\/www.thejoelstein.com\/\"> Joel Stein<\/a> is spotted $100,000 to try his hand at professional intraday trading for one day. <a href=\"http:\/\/www.tradecrushers.com\/\">Matt Nadell<\/a>, @tradecrushers, a <a href=\"http:\/\/www.smbtraining.com\/blog\/the-five-questions-to-help-you-find-your-trading-style\">guest blogger<\/a> at SMBU Blog, in Chicago gives Joel a taste of the nerve-wrecking excitement that trading can offer while teaching him basics along the way.<\/p>\n<p><strong>Highlights<\/strong>:<\/p>\n<ul>\n<li> Joel learns that day trading is a stark divergence from his initial perception of its essence.\u00a0 For example, Joel learns that Matt is interested not in P\/E ratios, who the CEO is, or sales figures, but in price action.\u00a0 He learns Matt is not investing, but buying stocks for a few seconds at a time and hoping to catch 5 to 20 cent moves.<\/li>\n<li>Joel learns of algorithmic trading, that \u201calgo-bots\u201d do roughly 70 percent of stock and bond purchases, and that 90 percent of algo-bots orders are cancelled immediately to attempt to fool the day trader.<\/li>\n<li>Joel concludes that he loves trading and the rush and anxiety that comes with it.<\/li>\n<\/ul>\n<p>Click <a href=\"http:\/\/www.smartmoney.com\/invest\/stocks\/book-takes-a-look-inside-professional-day-traders-1339513989350\/?link=SM_mag_inside&amp;mod=sm_mag\">here<\/a> for the full article<\/p>\n<p>no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the article Book Takes a Look Inside Professional Day Traders, national columnist Joel Stein is spotted $100,000 to try his hand at professional intraday trading for one day. Matt Nadell, @tradecrushers, a guest blogger at SMBU Blog, in Chicago gives Joel a taste of the nerve-wrecking excitement that trading can offer while teaching him basics along the way. Highlights: &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":741,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10],"tags":[162,105,1376,30,50,81,1828,1193,653,38,1354,1349],"class_list":["post-19537","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-day-trading-blog","tag-mike-bellafiore","tag-p","tag-prop-trading","tag-proprietary-trading","tag-smb-training","tag-smbu","tag-trader-education","tag-trader-training","tag-trading","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>One day on the street with a professional trader | 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\/one-day-on-the-street-with-a-professional-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One day on the street with a professional trader | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In the article Book Takes a Look Inside Professional Day Traders, national columnist Joel Stein is spotted $100,000 to try his hand at professional intraday trading for one day. Matt Nadell, @tradecrushers, a guest blogger at SMBU Blog, in Chicago gives Joel a taste of the nerve-wrecking excitement that trading can offer while teaching him basics along the way. Highlights: ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader\" \/>\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=\"2012-06-18T16:28:55+00:00\" \/>\n<meta name=\"author\" content=\"Seth Freudberg\" \/>\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=\"Seth Freudberg\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader\"},\"author\":{\"name\":\"Seth Freudberg\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/b10cb321c8434e2e6899b2953e0ed471\"},\"headline\":\"One day on the street with a professional trader\",\"datePublished\":\"2012-06-18T16:28:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader\"},\"wordCount\":186,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"keywords\":[\"day trading blog\",\"Mike Bellafiore\",\"p\",\"prop trading\",\"proprietary trading\",\"smb training\",\"smbU\",\"trader education\",\"trader training\",\"trading\",\"trading coach\",\"trading mentor\"],\"articleSection\":[\"General Comments\",\"Mike Bellafiore's (Bella's) Blogs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader\",\"name\":\"One day on the street with a professional trader | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"datePublished\":\"2012-06-18T16:28:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"One day on the street with a professional trader\"}]},{\"@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\/b10cb321c8434e2e6899b2953e0ed471\",\"name\":\"Seth Freudberg\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/seths-bio\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/sfreudberg\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"One day on the street with a professional trader | 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\/one-day-on-the-street-with-a-professional-trader","og_locale":"en_US","og_type":"article","og_title":"One day on the street with a professional trader | SMB Training","og_description":"In the article Book Takes a Look Inside Professional Day Traders, national columnist Joel Stein is spotted $100,000 to try his hand at professional intraday trading for one day. Matt Nadell, @tradecrushers, a guest blogger at SMBU Blog, in Chicago gives Joel a taste of the nerve-wrecking excitement that trading can offer while teaching him basics along the way. Highlights: ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2012-06-18T16:28:55+00:00","author":"Seth Freudberg","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Seth Freudberg","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader"},"author":{"name":"Seth Freudberg","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/b10cb321c8434e2e6899b2953e0ed471"},"headline":"One day on the street with a professional trader","datePublished":"2012-06-18T16:28:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader"},"wordCount":186,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"keywords":["day trading blog","Mike Bellafiore","p","prop trading","proprietary trading","smb training","smbU","trader education","trader training","trading","trading coach","trading mentor"],"articleSection":["General Comments","Mike Bellafiore's (Bella's) Blogs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader","url":"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader","name":"One day on the street with a professional trader | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"datePublished":"2012-06-18T16:28:55+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/one-day-on-the-street-with-a-professional-trader#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"One day on the street with a professional trader"}]},{"@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\/b10cb321c8434e2e6899b2953e0ed471","name":"Seth Freudberg","sameAs":["https:\/\/www.smbtraining.com\/blog\/seths-bio"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/sfreudberg"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/19537","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\/741"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=19537"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/19537\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=19537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=19537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=19537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}