{"id":24144,"date":"2013-02-13T16:08:46","date_gmt":"2013-02-13T21:08:46","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=24144"},"modified":"2023-04-03T12:32:44","modified_gmt":"2023-04-03T16:32:44","slug":"one-trick-pony-in-many-products-or-master-of-one-product","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product","title":{"rendered":"One-trick pony in many products or master of one?"},"content":{"rendered":"

Hello Mike,<\/p>\n

I hope that my email finds you well.\u00a0 I wanted to get your thoughts on the following:<\/p>\n

What works best?\u00a0 Mastering one set up and trading multiple instruments\/stocks\/etc…\u00a0 or\u00a0 trading multiple set up’s on one instrument\/stock?\u00a0 Is this something that depends on the trader?<\/p>\n

Your thoughts?<\/p>\n

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

Gr8 question!<\/p>\n

In my next book The PlayBook, which you can order here<\/a>, I discuss the future of trading and the path that new, developing, experienced traders should take to pull the most from the markets.\u00a0 I will share some of my thoughts in answering your question.<\/p>\n

Generally I am a big fan of leaving this up to each trader.\u00a0 But practically there is a best answer here because of the difficulty in learning a new product.<\/p>\n

First determine which setups make the most sense to you.\u00a0 Archive them in what we call your PlayBook.\u00a0\u00a0 Next take steps that few traders are taking.\u00a0 Obsess about whether you are in ALL of these setups that make the most sense to you.\u00a0 Do you have trading tools that alert you to your best setups?\u00a0 Most traders are trading off of no-edge trading software that does not ensure they are in ALL of their best setups.\u00a0 In this challenging market you must.<\/p>\n

Next, are you big enough in your best setups?\u00a0 Develop a structure for you to take on more risk for your best setups.\u00a0 If you are not taking on enough risk with your favorite setups then you are taking on too much risk.<\/p>\n

From here dabble in other setups you wish to master.\u00a0 Guys on our desk have been adding high beta stock plays to their quiver.\u00a0 Do this with small size, even as small as 100 shares.\u00a0 See if you can add new setups in your chosen product to complete a well-rounded PlayBook.<\/p>\n

From here seek to express your A+ setups in other products.\u00a0 You will need education, coaching and mentoring for this.\u00a0 Some trades will work better in another product than futures for example if you are a futures trader.\u00a0 An example from our desk is trading swing setups.\u00a0 It is easier for some of our guys to trade these plays with options than equities.\u00a0\u00a0 There is too much temptation to exit their positions with all the intraday ticks from equities.<\/p>\n

I hope that helps.\u00a0 Keep working on your trading game!
\nPlease join us for the PlayBook Webinar Series this Thursday at 4:15PM EST. We will discuss: The Technical Trade in High Beta Stocks.
\nMike Bellafiore<\/p>\n

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

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

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

Hello Mike, I hope that my email finds you well.\u00a0 I wanted to get your thoughts on the following: What works best?\u00a0 Mastering one set up and trading multiple instruments\/stocks\/etc…\u00a0 or\u00a0 trading multiple set up’s on one instrument\/stock?\u00a0 Is this something that depends on the trader? Your thoughts? BELLA Gr8 question! In my next book The PlayBook, which you can … 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":[],"class_list":["post-24144","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","no-post-thumbnail"],"yoast_head":"\nOne-trick pony in many products or master of one? | 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-trick-pony-in-many-products-or-master-of-one-product\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One-trick pony in many products or master of one? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Hello Mike, I hope that my email finds you well.\u00a0 I wanted to get your thoughts on the following: What works best?\u00a0 Mastering one set up and trading multiple instruments\/stocks\/etc…\u00a0 or\u00a0 trading multiple set up’s on one instrument\/stock?\u00a0 Is this something that depends on the trader? Your thoughts? BELLA Gr8 question! In my next book The PlayBook, which you can ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product\" \/>\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=\"2013-02-13T21:08:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-03T16:32:44+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=\"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\/one-trick-pony-in-many-products-or-master-of-one-product#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"One-trick pony in many products or master of one?\",\"datePublished\":\"2013-02-13T21:08:46+00:00\",\"dateModified\":\"2023-04-03T16:32:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product\"},\"wordCount\":434,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product\",\"name\":\"One-trick pony in many products or master of one? | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"datePublished\":\"2013-02-13T21:08:46+00:00\",\"dateModified\":\"2023-04-03T16:32:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#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\/one-trick-pony-in-many-products-or-master-of-one-product#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"One-trick pony in many products or master of one?\"}]},{\"@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":"One-trick pony in many products or master of one? | 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-trick-pony-in-many-products-or-master-of-one-product","og_locale":"en_US","og_type":"article","og_title":"One-trick pony in many products or master of one? | SMB Training","og_description":"Hello Mike, I hope that my email finds you well.\u00a0 I wanted to get your thoughts on the following: What works best?\u00a0 Mastering one set up and trading multiple instruments\/stocks\/etc…\u00a0 or\u00a0 trading multiple set up’s on one instrument\/stock?\u00a0 Is this something that depends on the trader? Your thoughts? BELLA Gr8 question! In my next book The PlayBook, which you can ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2013-02-13T21:08:46+00:00","article_modified_time":"2023-04-03T16:32:44+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":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"One-trick pony in many products or master of one?","datePublished":"2013-02-13T21:08:46+00:00","dateModified":"2023-04-03T16:32:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product"},"wordCount":434,"commentCount":1,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","articleSection":["General Comments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product","url":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product","name":"One-trick pony in many products or master of one? | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","datePublished":"2013-02-13T21:08:46+00:00","dateModified":"2023-04-03T16:32:44+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/one-trick-pony-in-many-products-or-master-of-one-product#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\/one-trick-pony-in-many-products-or-master-of-one-product#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"One-trick pony in many products or master of one?"}]},{"@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\/24144","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=24144"}],"version-history":[{"count":1,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/24144\/revisions"}],"predecessor-version":[{"id":52699,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/24144\/revisions\/52699"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=24144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=24144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=24144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}