{"id":2880,"date":"2009-12-05T11:16:36","date_gmt":"2009-12-05T16:16:36","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=2880"},"modified":"2023-05-24T17:03:41","modified_gmt":"2023-05-24T21:03:41","slug":"how-teaching-makes-me-a-better-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-teaching-makes-me-a-better-trader","title":{"rendered":"How Teaching Makes Me a Better Trader"},"content":{"rendered":"

Teaching new traders how to trade has made me a better trader. \u00a0Below are five things I have learned about trading by teaching.<\/p>\n

1) I have cemented the\u00a0statistically\u00a0profitable trades that work intraday. \u00a0Being forced to teach others trading plays has made me recognize exactly which plays work best for me.<\/p>\n

2) Video review with other traders increases my screen time which has improved my trading. \u00a0There is all this talk about how hard it is to read the tape. \u00a0Yada yada yada. \u00a0I just do not have trouble reading the tape. \u00a0Since I often lead video review sessions with our new traders I am exposed to more market patterns than the average trader, which has sharpened my reading the tape skills.<\/p>\n

3) New traders have struggled with the same things that I do. \u00a0I have been forced to learn how to cope with some of my shortcomings to help other new traders. \u00a0Specifically I have become very well versed in visualization, which has helped me control my emotions better as a trader.<\/p>\n

4) Teaching challenged me to formalize my trading system. \u00a0This is different than just finding statistically profitable trades. \u00a0For example I never double down before because I recognized after working with new traders that it did not work for how we trade. \u00a0I used to double down on certain\u00a0occasions. \u00a0 Also, I do not fade as much as I used to because teaching new traders trend trading showed me the folly in some of my previous fade trading. \u00a0I trade the most active stocks daily, Stocks In Play, after allowing some to trade a basket and learning that this is just not as efficient for intraday trading.<\/p>\n

5) Teaching has increased my confidence. \u00a0While working with others I experience that I do truly know what is most important to succeed as a trader. \u00a0I have been taught by the market all the little things that really make a difference. \u00a0My trading principles have been challenged by uber smart, ambitious new traders. \u00a0Each conversation reinforces that I have correctly\u00a0deciphered\u00a0the lessons from Mother Market. \u00a0And that spending your day committed to these things that are really are important is why you succeed. \u00a0Things like: keeping a detailed trading journal, visualization exercises, tweaking my playbook continually, staying positive, and video review of trading.<\/p>\n

I have learned so much more than these five things above. \u00a0But I have to head into a video review session<\/a> this Saturday AM with our new traders now. \u00a0Time to sharpen my reading the tape skills. \u00a0I hope someone saved me a bagel.<\/p>\n

Enjoy your weekend. Don’t forget to follow us<\/a> on Twitter<\/p>\n","protected":false},"excerpt":{"rendered":"

Teaching new traders how to trade has made me a better trader. \u00a0Below are five things I have learned about trading by teaching. 1) I have cemented the\u00a0statistically\u00a0profitable trades that work intraday. \u00a0Being forced to teach others trading plays has made me recognize exactly which plays work best for me. 2) Video review with other traders increases my screen time … 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":[10,15],"tags":[162,400,50,338],"class_list":["post-2880","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","category-trading_theory","tag-day-trading-blog","tag-learn","tag-proprietary-trading","tag-reading-the-tape","no-post-thumbnail"],"yoast_head":"\nHow Teaching Makes Me a Better 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\/how-teaching-makes-me-a-better-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Teaching Makes Me a Better Trader | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Teaching new traders how to trade has made me a better trader. \u00a0Below are five things I have learned about trading by teaching. 1) I have cemented the\u00a0statistically\u00a0profitable trades that work intraday. \u00a0Being forced to teach others trading plays has made me recognize exactly which plays work best for me. 2) Video review with other traders increases my screen time ... 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