{"id":22330,"date":"2012-12-04T11:31:19","date_gmt":"2012-12-04T16:31:19","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=22330"},"modified":"2012-12-07T13:43:03","modified_gmt":"2012-12-07T18:43:03","slug":"finding-the-right-trading-product-and-style","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/finding-the-right-trading-product-and-style","title":{"rendered":"Finding the Right Trading Product and Style"},"content":{"rendered":"<p>Mike-Great <a href=\"http:\/\/www.smbtraining.com\/blog\/the-biggest-question-for-a-trader\">thought provoking post<\/a> (The biggest question for a trader) as usual. Is there a way to determine what product and type of trading fits a trader? Does it really take trial and error? Has to be a better way\u2026.any insight here?<\/p>\n<p>Thanks<\/p>\n<p>BP<\/p>\n<p><strong>@mikebellafiore<\/strong><\/p>\n<p>Thxs for reading as always BP.<\/p>\n<p>1) You can take a personality test and use that as evidence of best type of trader For You.\u00a0 I have done this and actually learned some interesting things about myself.\u00a0 For example I have the type of personality that likes to sort out the answers to problems myself.\u00a0 This was very helpful for me to learn as a trader and coach. This also helps me to work better with my partners at SMB.<\/p>\n<p>2) Developing traders want to get there too fast.\u00a0 Where are you going? Perhaps the biggest contribution we can make as trading educators over the next five years is to better set your expectations.\u00a0 You are not going to be good for three years.\u00a0 Yes you can make some money, pay some bills, when you first start, but do not expect immediate financial success.\u00a0 Too many enter our sport wanting to make a quick hit.\u00a0 That is just not going to happen.<\/p>\n<p>I write about this extensively in my last book, <em>The PlayBook<\/em>. The way most bring traders into our sport is completely wrong.\u00a0 Careers are being ruined before they start.\u00a0 I offer a solution, which my publisher will appreciate me saving.\u00a0 But I ask you not to be in a hurry with your trading career.\u00a0 Yes there are things we can do to speed up your learning curve and get you into the right product, but take a deep breathe please.\u00a0 Great traders enjoy the journey.<\/p>\n<p>3) What is wrong with a whole mess of trial and error?\u00a0 Let&#8217;s take a young basketball player.\u00a0 He might start as a Power Forward, then shift to Small Forward a bit later and maybe even to Point Guard as he matures.\u00a0 But the play at PF helps him as a PG.\u00a0 It wasn&#8217;t a waste.<\/p>\n<p>Let&#8217;s expand this to a young athlete.\u00a0 When we grow up we play multiple sports.\u00a0 It was not until my Junior Year in HS until I quit one sport to focus on the other two.\u00a0 It was not until college when I narrowed my choice to baseball.<\/p>\n<p>Why aren&#8217;t we trading different products and markets, and learning and making errors and tweaking to in the end become our best trader?\u00a0 It is because we want to get somewhere so fast.\u00a0 Where are you going?\u00a0 Nothing great is accomplished quickly.\u00a0 Maybe an above average intraday trader quickly is worse than as an options trader slower and later For You?<\/p>\n<p>I really enjoyed your question.\u00a0 Keep working on your trading game!<\/p>\n<p>Bella<\/p>\n<p><a href=\"http:\/\/www.amazon.com\/gp\/product\/0470529407\/ref=s9_simh_gw_p14_d0_i1?pf_rd_m=ATVPDKIKX0DER&amp;pf_rd_s=center-2&amp;pf_rd_r=1K8Q39TJQXBP234ET1TG&amp;pf_rd_t=101&amp;pf_rd_p=1389517282&amp;pf_rd_i=507846\">One Good Trade<\/a><br \/>\n<a href=\"http:\/\/twitter.com\/mikebellafiore\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mike-Great thought provoking post (The biggest question for a trader) as usual. Is there a way to determine what product and type of trading fits a trader? Does it really take trial and error? Has to be a better way\u2026.any insight here? Thanks BP @mikebellafiore Thxs for reading as always BP. 1) You can take a personality test and use &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/finding-the-right-trading-product-and-style\" class=\"more-link\">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":[30,1718,2306,653,1354,1349,1710],"class_list":["post-22330","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-prop-trading","tag-the-playbook","tag-trader-personality","tag-trader-training","tag-trading-coach","tag-trading-mentor","tag-trading-system","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>Finding the Right Trading Product and Style | 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\/finding-the-right-trading-product-and-style\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finding the Right Trading Product and Style | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Mike-Great thought provoking post (The biggest question for a trader) as usual. Is there a way to determine what product and type of trading fits a trader? Does it really take trial and error? Has to be a better way\u2026.any insight here? Thanks BP @mikebellafiore Thxs for reading as always BP. 1) You can take a personality test and use ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/finding-the-right-trading-product-and-style\" \/>\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=\"2012-12-04T16:31:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2012-12-07T18:43:03+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 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