{"id":21183,"date":"2012-10-06T16:08:21","date_gmt":"2012-10-06T20:08:21","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=21183"},"modified":"2023-08-01T17:44:07","modified_gmt":"2023-08-01T21:44:07","slug":"are-you-a-conventional-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader","title":{"rendered":"Are You A Conventional Trader?"},"content":{"rendered":"<div>\n<p>As a trading mentor, I speak to many up and coming traders who are looking for guidance. There are a number of things that I ask to gauge where the trader is in their learning curve. One of the main pieces of information that I like to learn about a trader is what strategy or strategies are they executing within their trading plan. The reason is that I&#8217;m trying to uncover how conventional they are as a trader.<\/p>\n<p>The more conventional you are, the less likely you will be consistent in my opinion. Being a conventional trader means doing things like: buying and selling on signals generated by a 5 minute stochastic oscillator while price bounces off a 20-period, simple-moving average while trending higher or lower. The reason why this does not work in the long run is because in terms of crowd behavior, stochastic readings and 20-period SMAs are irrelevant if they are not used in a way connected to actual market behavior. If you are following technical signals simply because they&#8217;re present, you are not in tune with what the market really wants to do.<\/p>\n<p>Then you have the people who attempt to trade on fundamentals, or base a large part of their decision on some fundamental information that the rest of the world not only already knows, but has factored into the price already. Again, conventional and far from unique.<\/p>\n<p>So the question is, how does a trader become unconventional? It all starts with developing a strong understanding of market behavior. What really moves the price, and why the crowd would act a certain way in certain conditions. A trader needs to operate on a premise that is relevant to market behavior. An example would be looking to sell after a failed high is confirmed. Why? Let\u2019s think about what happens inside of that movement. There was a break out to new highs, all the conventional break out traders jumped in because their systems told them to. What their systems did not tell them is that they just bought into a major resistance which means there are probably more sellers up here than buyers. Guess what happens next. So if you knew what prices would be attractive to sellers, and the market was trading at one of these prices, wouldn\u2019t you want to be a seller?<\/p>\n<p>So to begin to trade against the conventional traders, you need to develop a methodology that aims to identify and benefit from these repetitive market behaviors. Or you can learn from someone who has already figured this out and has a well defined set of rules that guide every part of the trade, from identification to exit. SMB has such a methodology which is applied to forex and futures on a regular basis.<\/p>\n<p>One tip that may help you on your journey is this: \u00a0you can use conventional tools, but you have to learn to use them in unconventional ways. Experience is a key factor here.<\/p>\n<p>So what market behavior is your methodology based on? I would love to hear from you.<\/p>\n<\/div>\n<div>\n<div id=\"attachment_21184\" style=\"width: 590px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-21184\" class=\"size-full wp-image-21184\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg\" alt=\"\" width=\"580\" height=\"300\" \/><\/a><p id=\"caption-attachment-21184\" class=\"wp-caption-text\">This chart shows a level identified by the unconventional methodology used by SMB Forex traders.<\/p><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&#8211;<\/p>\n<p>Marc Principato, CMT<br \/>\nDirector of SMB Forex Trading And Education<\/p>\n<div>\n<div>\n<p><a href=\"https:\/\/www.smbtraining.com\/blog\/smb-disclosures\">Risk Disclaimer<\/a><\/p>\n<\/div>\n<div>\n<p>*No Relevant Positions<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As a trading mentor, I speak to many up and coming traders who are looking for guidance. There are a number of things that I ask to gauge where the trader is in their learning curve. One of the main pieces of information that I like to learn about a trader is what strategy or strategies are they executing within &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1030,"featured_media":21184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[162,1390,2092,56,18,81,1193,38,1354,1349],"class_list":["post-21183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-day-trading-blog","tag-forex","tag-forex-training","tag-smb","tag-smb-capital","tag-smb-training","tag-trader-education","tag-trading","tag-trading-coach","tag-trading-mentor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Are You A Conventional 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\/are-you-a-conventional-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are You A Conventional Trader? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"As a trading mentor, I speak to many up and coming traders who are looking for guidance. There are a number of things that I ask to gauge where the trader is in their learning curve. One of the main pieces of information that I like to learn about a trader is what strategy or strategies are they executing within ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-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=\"2012-10-06T20:08:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-01T21:44:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1914\" \/>\n\t<meta property=\"og:image:height\" content=\"910\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"mprincipato\" \/>\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=\"mprincipato\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader\"},\"author\":{\"name\":\"mprincipato\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/243f52616fa1c1c2bd2a4b164b4e1770\"},\"headline\":\"Are You A Conventional Trader?\",\"datePublished\":\"2012-10-06T20:08:21+00:00\",\"dateModified\":\"2023-08-01T21:44:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader\"},\"wordCount\":558,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg\",\"keywords\":[\"day trading blog\",\"forex\",\"Forex Training\",\"SMB\",\"smb capital\",\"smb training\",\"trader education\",\"trading\",\"trading coach\",\"trading mentor\"],\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader\",\"name\":\"Are You A Conventional Trader? | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg\",\"datePublished\":\"2012-10-06T20:08:21+00:00\",\"dateModified\":\"2023-08-01T21:44:07+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg\",\"width\":\"1914\",\"height\":\"910\",\"caption\":\"This chart shows a level identified by the unconventional methodology used by SMB Forex traders.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Are You A Conventional 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\/243f52616fa1c1c2bd2a4b164b4e1770\",\"name\":\"mprincipato\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/mprincipato\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Are You A Conventional 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\/are-you-a-conventional-trader","og_locale":"en_US","og_type":"article","og_title":"Are You A Conventional Trader? | SMB Training","og_description":"As a trading mentor, I speak to many up and coming traders who are looking for guidance. There are a number of things that I ask to gauge where the trader is in their learning curve. One of the main pieces of information that I like to learn about a trader is what strategy or strategies are they executing within ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2012-10-06T20:08:21+00:00","article_modified_time":"2023-08-01T21:44:07+00:00","og_image":[{"width":1914,"height":910,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg","type":"image\/jpeg"}],"author":"mprincipato","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"mprincipato","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader"},"author":{"name":"mprincipato","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/243f52616fa1c1c2bd2a4b164b4e1770"},"headline":"Are You A Conventional Trader?","datePublished":"2012-10-06T20:08:21+00:00","dateModified":"2023-08-01T21:44:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader"},"wordCount":558,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg","keywords":["day trading blog","forex","Forex Training","SMB","smb capital","smb training","trader education","trading","trading coach","trading mentor"],"articleSection":["General Comments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader","url":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader","name":"Are You A Conventional Trader? | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg","datePublished":"2012-10-06T20:08:21+00:00","dateModified":"2023-08-01T21:44:07+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/10\/Image.jpg","width":"1914","height":"910","caption":"This chart shows a level identified by the unconventional methodology used by SMB Forex traders."},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/are-you-a-conventional-trader#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"Are You A Conventional 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\/243f52616fa1c1c2bd2a4b164b4e1770","name":"mprincipato","url":"https:\/\/www.smbtraining.com\/blog\/author\/mprincipato"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/21183","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\/1030"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=21183"}],"version-history":[{"count":5,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/21183\/revisions"}],"predecessor-version":[{"id":56054,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/21183\/revisions\/56054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/21184"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=21183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=21183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=21183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}