{"id":25918,"date":"2013-04-05T15:09:47","date_gmt":"2013-04-05T19:09:47","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=25918"},"modified":"2023-04-12T15:10:20","modified_gmt":"2023-04-12T19:10:20","slug":"do-you-need-to-take-a-walk-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/do-you-need-to-take-a-walk-trader","title":{"rendered":"Do You Need to Take a Walk (Trader)?"},"content":{"rendered":"

Thank you for the lesson last night Pro or Piker<\/a>. I just reminded me of some thoughts that I had forgotten. Though I wasn’t sure one question I asked was seen. When you rip a trade and you see another trade with the set signals but don’t take it you are a piker. I agree. But isn’t it sometimes good to step away for a while and gather your wits.\u00a0My question is when do you recommend a trader step away from the terminal after a series of rips?<\/p>\n

Thank you for the information you provide.<\/p>\n

@mikebellafiore<\/strong><\/p>\n

It is definitely a gr8 idea to get up and walk away from your trading if you take a series of rips in a row. At SMB we teach our guys to create such a rule, and then get up and take a walk for at least ten minutes. After taking a series of rips you may be frustrated and angry. When in this state you use a different part of your brain to make decisions and with a different brain chemistry. And those are not good things. You take a walk for ten minutes because you actually need to change the chemistry of your brain so your decision-making returns to optimal. Or said another way, until you have calmed down and can make rational trading decisions.<\/p>\n

On a personal note, I have been known to tap traders on the shoulder when they are acting up after a series of rips and told them to take a walk. Or I have chirped across the desk for guys to relax. I might send a quick e-mail to a trader asking them if they need a timeout. This is all a part of pro trading.<\/p>\n

You can be better tomorrow than you are today.<\/p>\n

Mike Bellafiore<\/p>\n

The PlayBook<\/a><\/em><\/p>\n

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

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

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

Thank you for the lesson last night Pro or Piker. I just reminded me of some thoughts that I had forgotten. Though I wasn’t sure one question I asked was seen. When you rip a trade and you see another trade with the set signals but don’t take it you are a piker. I agree. But isn’t it sometimes good … 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":[2444,2449,4706,4707,1989,4690,207],"class_list":["post-25918","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-daytrading","tag-how-to-be-a-day-trader","tag-stock-trading-education","tag-stock-training","tag-trading-course","tag-trading-education","tag-trading-stocks","no-post-thumbnail"],"yoast_head":"\nDo You Need to Take a Walk (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\/do-you-need-to-take-a-walk-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do You Need to Take a Walk (Trader)? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Thank you for the lesson last night Pro or Piker. I just reminded me of some thoughts that I had forgotten. Though I wasn’t sure one question I asked was seen. When you rip a trade and you see another trade with the set signals but don’t take it you are a piker. I agree. But isn’t it sometimes good ... 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