{"id":25551,"date":"2013-03-27T13:27:08","date_gmt":"2013-03-27T17:27:08","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=25551"},"modified":"2013-03-28T14:12:48","modified_gmt":"2013-03-28T18:12:48","slug":"art-therapy-for-your-trading","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/art-therapy-for-your-trading","title":{"rendered":"Art Therapy for Your Trading"},"content":{"rendered":"<div>I received an awesome email teaching me about an interesting concept for our trading: art therapy. I thought I would share it with the trading community.<\/div>\n<blockquote>\n<div>Last time on your webinar you asked what is <strong>art therapy<\/strong>? It&#8217;s kind of like when a kid goes to a child psychologist and in order for the psychologist to figure out what&#8217;s going on they have the kid draw and then they can connect with the kid and help him. So same could be applied to traders. Basically it is a playful and easy way of handling the emotional aspect of trading. The bottom line is what is invested in this playful therapy would pay huge dividends down the line. Instead of learning to handle emotions while trading with live money you deal with it in a safe environment then trade and improve your results. Let&#8217;s say you have someone with the belief &#8220;It is tough to trade in these markets today&#8221;, so you could have a session where you help the trader go from &#8220;It is tough to trade in these markets today&#8221; to &#8220;It&#8217;s so easy to trade in the markets&#8221;. That&#8217;s the kind of transformation that is possible. It&#8217;s basically play therapy applied to trading.<\/div>\n<div>Some of the issues I have thought of could be stuff like:<\/div>\n<div>you will be a day trader<\/div>\n<div>trade with real money<\/div>\n<div>you will be profitable\/successful<\/div>\n<div>Discipline<\/div>\n<div>Fear<\/div>\n<div>Greed<\/div>\n<div>trading news successfully<\/div>\n<div>how much to trade<\/div>\n<div>when to get out of position<\/div>\n<div>taking profits\/cutting losses<\/div>\n<div>use stop loss effectively<\/div>\n<div>handling stress\/emotion<\/div>\n<div>market is the enemy to market is my friend<\/div>\n<div>dispelling doubt\/fear\/greed\/hope<\/div>\n<div>review of news\/trading patterns<\/div>\n<div>being on the side of the market<\/div>\n<div>Rapid decision making<\/div>\n<div>turn bad decisions into good decisions<\/div>\n<div>working with risk capital<\/div>\n<div>understanding risk and reward<\/div>\n<div>covering your expenses<\/div>\n<div>setting goals<\/div>\n<div>business plan<\/div>\n<div>when to buy when to sell<\/div>\n<div>technical analysis watching patterns changes in price and volume<\/div>\n<div>buy low sell high<\/div>\n<div>the trend is your friend<\/div>\n<div>overconfidence<\/div>\n<div>reading volume<\/div>\n<div>following plan<\/div>\n<div>finding the best opportunity in the market<\/div>\n<div>nyse<\/div>\n<div>nasdaq<\/div>\n<div>protection from losing money<\/div>\n<div>planning trades<\/div>\n<div>understanding risk and reward<\/div>\n<div>considering a possibility of loss<\/div>\n<div>quick reactions to the market<\/div>\n<div>You said you hire and pay psychologists to help your traders with the mental game. I thought that was pretty cool. And in your book you said that you have traded in so many markets and made the money that training traders is more of a gratifying challenge to you. And that you always look for ways to improve your trading. I admire that.\u00a0 (edited)<\/div>\n<div>There is no question that the money invested in playful therapy would help traders find breakthroughs and increase the bottom line. Not only would it be funny but pretty useful too.<\/div>\n<\/blockquote>\n<p>Mike Bellafiore<br \/>\n<em><\/em><\/p>\n<p><em><a href=\"http:\/\/www.amazon.com\/The-Playbook-Inside-Professional-Trader\/dp\/0132937646\/ref=sr_1_1?ie=UTF8&amp;qid=1362680637&amp;sr=8-1&amp;keywords=the+playbook+mike+bellafiore\">The PlayBook<\/a><\/em><\/p>\n<p><em><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1362681466&amp;sr=1-1&amp;keywords=one+good+trade\">One Good Trade<\/a><\/em><\/p>\n<p><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>I received an awesome email teaching me about an interesting concept for our trading: art therapy. I thought I would share it with the trading community. Last time on your webinar you asked what is art therapy? It&#8217;s kind of like when a kid goes to a child psychologist and in order for the psychologist to figure out what&#8217;s going &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/art-therapy-for-your-trading\" 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":[1,10],"tags":[2829,2444,2449,4703,2448,2451,4706,4707,1718,2830,653,38,2445,1989,4712,4690,1888,207],"class_list":["post-25551","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-art","tag-daytrading","tag-how-to-be-a-day-trader","tag-learn-trading","tag-prop-trade","tag-stock-market-course","tag-stock-trading-education","tag-stock-training","tag-the-playbook","tag-therapy","tag-trader-training","tag-trading","tag-trading-careers","tag-trading-course","tag-trading-courses","tag-trading-education","tag-trading-school","tag-trading-stocks","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>Art Therapy 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\/art-therapy-for-your-trading\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Art Therapy for Your Trading | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I received an awesome email teaching me about an interesting concept for our trading: art therapy. I thought I would share it with the trading community. Last time on your webinar you asked what is art therapy? It&#8217;s kind of like when a kid goes to a child psychologist and in order for the psychologist to figure out what&#8217;s going ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/art-therapy-for-your-trading\" \/>\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=\"2013-03-27T17:27:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-03-28T18:12:48+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\" 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