{"id":2515,"date":"2009-11-12T20:21:55","date_gmt":"2009-11-13T01:21:55","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=2515"},"modified":"2023-04-06T12:58:43","modified_gmt":"2023-04-06T16:58:43","slug":"if-it-aint-broke-dont-fix-it","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it","title":{"rendered":"If It Ain&#8217;t Broke Don&#8217;t Fix It"},"content":{"rendered":"<p>A bunch of trader&#8217;s on our desk made nice chops shorting RIMM yesterday at the 65 level.\u00a0 The trade worked four times.\u00a0 Today the trade was highlighted in our <a href=\"https:\/\/www.smbtraining.com\/blog\/trader-90-trader-365\">AM Meeting<\/a> and tweeted as our Best Morning Idea.\u00a0 I checked my risk monitor at 11:00AM to see how we did in RIMM on the Open.\u00a0 To my surprise we were barely up money in it.\u00a0 I was somewhat surprised as it traded up to the 65 level on the Open before trending down for the day.<\/p>\n<p>Before leaving for the day I spoke with the trader who made the most money in RIMM yesterday.\u00a0 He told me he wasn&#8217;t sure the trade would work again today.\u00a0 This is the same trader who told me yesterday he was convinced RIMM would soon trade back down to 62.\u00a0 I looked at him in a quizzical manner.<\/p>\n<p>I said, &#8220;Yesterday it was the greatest trade ever but today you were afraid to risk $100?&#8221;\u00a0\u00a0 His response, &#8220;Yeah, it makes ZERO sense.&#8221;\u00a0 I agreed.\u00a0 So much of trading is about simple execution.\u00a0 We had collectively found a trade with a risk to reward of better than 1:5 that had already worked four times.\u00a0 Today it actually turned out to be a 1:10\u00a0 risk\/reward as the market sold off.<\/p>\n<p>If it ain&#8217;t broke don&#8217;t fix it.\u00a0 Go to the well until its dry&#8230;.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-2518\" title=\"RIMM 2-day 11-12-09\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/11\/RIMM-2-day-11-12-09.bmp\" alt=\"RIMM 2-day 11-12-09\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bunch of trader&#8217;s on our desk made nice chops shorting RIMM yesterday at the 65 level.\u00a0 The trade worked four times.\u00a0 Today the trade was highlighted in our AM Meeting and tweeted as our Best Morning Idea.\u00a0 I checked my risk monitor at 11:00AM to see how we did in RIMM on the Open.\u00a0 To my surprise we were &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":2518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,8],"tags":[],"class_list":["post-2515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","category-steven_spencer_steves_blogs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>If It Ain&#039;t Broke Don&#039;t Fix It | 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\/if-it-aint-broke-dont-fix-it\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If It Ain&#039;t Broke Don&#039;t Fix It | SMB Training\" \/>\n<meta property=\"og:description\" content=\"A bunch of trader&#8217;s on our desk made nice chops shorting RIMM yesterday at the 65 level.\u00a0 The trade worked four times.\u00a0 Today the trade was highlighted in our AM Meeting and tweeted as our Best Morning Idea.\u00a0 I checked my risk monitor at 11:00AM to see how we did in RIMM on the Open.\u00a0 To my surprise we were ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it\" \/>\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=\"2009-11-13T01:21:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-06T16:58:43+00:00\" \/>\n<meta name=\"author\" content=\"sspencer\" \/>\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=\"sspencer\" \/>\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\/if-it-aint-broke-dont-fix-it#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it\"},\"author\":{\"name\":\"sspencer\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27\"},\"headline\":\"If It Ain&#8217;t Broke Don&#8217;t Fix It\",\"datePublished\":\"2009-11-13T01:21:55+00:00\",\"dateModified\":\"2023-04-06T16:58:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it\"},\"wordCount\":236,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/11\/RIMM-2-day-11-12-09.bmp\",\"articleSection\":[\"General Comments\",\"Steven Spencer (Steve's) Blogs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it\",\"name\":\"If It Ain't Broke Don't Fix It | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/11\/RIMM-2-day-11-12-09.bmp\",\"datePublished\":\"2009-11-13T01:21:55+00:00\",\"dateModified\":\"2023-04-06T16:58:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/11\/RIMM-2-day-11-12-09.bmp\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/11\/RIMM-2-day-11-12-09.bmp\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"If It Ain&#8217;t Broke Don&#8217;t Fix It\"}]},{\"@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\/8eabc642d328f902a341eb510c67ef27\",\"name\":\"sspencer\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/sspencer\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"If It Ain't Broke Don't Fix It | 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\/if-it-aint-broke-dont-fix-it","og_locale":"en_US","og_type":"article","og_title":"If It Ain't Broke Don't Fix It | SMB Training","og_description":"A bunch of trader&#8217;s on our desk made nice chops shorting RIMM yesterday at the 65 level.\u00a0 The trade worked four times.\u00a0 Today the trade was highlighted in our AM Meeting and tweeted as our Best Morning Idea.\u00a0 I checked my risk monitor at 11:00AM to see how we did in RIMM on the Open.\u00a0 To my surprise we were ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2009-11-13T01:21:55+00:00","article_modified_time":"2023-04-06T16:58:43+00:00","author":"sspencer","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"sspencer","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it"},"author":{"name":"sspencer","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27"},"headline":"If It Ain&#8217;t Broke Don&#8217;t Fix It","datePublished":"2009-11-13T01:21:55+00:00","dateModified":"2023-04-06T16:58:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it"},"wordCount":236,"commentCount":2,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/11\/RIMM-2-day-11-12-09.bmp","articleSection":["General Comments","Steven Spencer (Steve's) Blogs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it","url":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it","name":"If It Ain't Broke Don't Fix It | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/11\/RIMM-2-day-11-12-09.bmp","datePublished":"2009-11-13T01:21:55+00:00","dateModified":"2023-04-06T16:58:43+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/11\/RIMM-2-day-11-12-09.bmp","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/11\/RIMM-2-day-11-12-09.bmp"},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/if-it-aint-broke-dont-fix-it#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"If It Ain&#8217;t Broke Don&#8217;t Fix It"}]},{"@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\/8eabc642d328f902a341eb510c67ef27","name":"sspencer","url":"https:\/\/www.smbtraining.com\/blog\/author\/sspencer"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/2515","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\/143"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=2515"}],"version-history":[{"count":1,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/2515\/revisions"}],"predecessor-version":[{"id":52968,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/2515\/revisions\/52968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/2518"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=2515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=2515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=2515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}