{"id":21171,"date":"2012-10-05T11:08:19","date_gmt":"2012-10-05T15:08:19","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=21171"},"modified":"2021-05-07T10:59:55","modified_gmt":"2021-05-07T14:59:55","slug":"do-not-arbitrarily-pick-your-position-size","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size","title":{"rendered":"Proper position sizing for your trading"},"content":{"rendered":"

Bella,<\/p>\n

I want to start off by thanking you for all of the material you present through your blog and your book.\u00a0 I look forward to your next book, I already have it pre-ordered on Amazon.\u00a0 I feel like I get more educational material from the SMB Blog than I get from my own prop firm in Chicago.\u00a0 I started trading a few months ago and am really working hard at improving every day and eliminating my mistakes.\u00a0 However, I still am having trouble stopping myself from over trading.\u00a0 I have been trying to focus on this for a while now, but I am struggling with it.\u00a0 Some days I come in and trade great, yet others I throw around way too many shares, and find myself in far too many trades I shouldn’t be in.\u00a0 Since you have so much experience with young traders, and I’m sure some of them have the same problem I am having, I am curious if you have any advice, techniques, or strategies to keep myself in check while I am trading.\u00a0 I feel like this is not a great question to ask, but I know this is something stopping me from reaching my full potential as a trader.\u00a0 I know that there is a simple solution to it, but when I’m trading real time, I have a lot of trouble dealing with it.\u00a0 Any suggestions you have will be greatly appreciated.\u00a0 I hope this isn’t just a remedial question and there are things that I can do to help me work on this.\u00a0 Thanks again, I look forward to watching the next trade review, or reading the next blog post on your site.\u00a0 I also am really excited for your next book.<\/p>\n

BELLA<\/strong><\/p>\n

I had a conversation with some of our young traders who need to get bigger in some trades. \u00a0My suggestions to them are my suggestions to you. \u00a0You must be able to discern your great trades from your good trades and your good trades from your bad.<\/p>\n

Try this. \u00a0Make a list of your A+ trades. \u00a0Then create a rule of risking 30 percent of your intraday loss on these plays. \u00a0For your lesser trades develop a rule to risk less. \u00a0You should not arbitrarily be choosing your position size.<\/p>\n

I hope that helps.<\/p>\n

Bella<\/p>\n

One Good Trade<\/a><\/p>\n

 <\/p>\n

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

Bella, I want to start off by thanking you for all of the material you present through your blog and your book.\u00a0 I look forward to your next book, I already have it pre-ordered on Amazon.\u00a0 I feel like I get more educational material from the SMB Blog than I get from my own prop firm in Chicago.\u00a0 I started … 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":[1990,1961,1193,653,1996,1354,1349],"class_list":["post-21171","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trading-class","tag-day-trading-course","tag-trader-education","tag-trader-training","tag-trading-class","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nProper position sizing for your trading | 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\/do-not-arbitrarily-pick-your-position-size\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proper position sizing for your trading | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Bella, I want to start off by thanking you for all of the material you present through your blog and your book.\u00a0 I look forward to your next book, I already have it pre-ordered on Amazon.\u00a0 I feel like I get more educational material from the SMB Blog than I get from my own prop firm in Chicago.\u00a0 I started ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size\" \/>\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=\"2012-10-05T15:08:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-07T14:59:55+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=\"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\/do-not-arbitrarily-pick-your-position-size#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"Proper position sizing for your trading\",\"datePublished\":\"2012-10-05T15:08:19+00:00\",\"dateModified\":\"2021-05-07T14:59:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size\"},\"wordCount\":398,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"keywords\":[\"day trading class\",\"day trading course\",\"trader education\",\"trader training\",\"trading class\",\"trading coach\",\"trading mentor\"],\"articleSection\":[\"Mike Bellafiore's (Bella's) Blogs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size\",\"name\":\"Proper position sizing for your trading | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"datePublished\":\"2012-10-05T15:08:19+00:00\",\"dateModified\":\"2021-05-07T14:59:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#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\/do-not-arbitrarily-pick-your-position-size#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Proper position sizing for your trading\"}]},{\"@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":"Proper position sizing for your trading | 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\/do-not-arbitrarily-pick-your-position-size","og_locale":"en_US","og_type":"article","og_title":"Proper position sizing for your trading | SMB Training","og_description":"Bella, I want to start off by thanking you for all of the material you present through your blog and your book.\u00a0 I look forward to your next book, I already have it pre-ordered on Amazon.\u00a0 I feel like I get more educational material from the SMB Blog than I get from my own prop firm in Chicago.\u00a0 I started ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2012-10-05T15:08:19+00:00","article_modified_time":"2021-05-07T14:59:55+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":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"Proper position sizing for your trading","datePublished":"2012-10-05T15:08:19+00:00","dateModified":"2021-05-07T14:59:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size"},"wordCount":398,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","keywords":["day trading class","day trading course","trader education","trader training","trading class","trading coach","trading mentor"],"articleSection":["Mike Bellafiore's (Bella's) Blogs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size","url":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size","name":"Proper position sizing for your trading | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","datePublished":"2012-10-05T15:08:19+00:00","dateModified":"2021-05-07T14:59:55+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/do-not-arbitrarily-pick-your-position-size#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\/do-not-arbitrarily-pick-your-position-size#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"Proper position sizing for your trading"}]},{"@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\/21171","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=21171"}],"version-history":[{"count":1,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/21171\/revisions"}],"predecessor-version":[{"id":51079,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/21171\/revisions\/51079"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=21171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=21171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=21171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}