{"id":30327,"date":"2013-08-17T10:41:15","date_gmt":"2013-08-17T14:41:15","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=30327"},"modified":"2023-04-04T19:14:30","modified_gmt":"2023-04-04T23:14:30","slug":"did-you-trade-well-part-ii","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/did-you-trade-well-part-ii","title":{"rendered":"Did You Trade Well? (Part II)"},"content":{"rendered":"<p>On Twitter I received this question:<\/p>\n<blockquote><p>Does the success of ur day hinge on ur PnL, or proper execution? By 1 std I failed 2day, the other = success cc <a dir=\"ltr\" href=\"https:\/\/twitter.com\/MikeBellafiore\"><s>@<\/s><b>MikeBellafiore <\/b><\/a><b><\/b><\/p><\/blockquote>\n<p><strong>@MikeBellafiore<\/strong><\/p>\n<p>At SMB we do not define success or failure by our P&amp;L but by whether we traded well.\u00a0At the close we do a detailed trading review of how well we traded and not how much we made. This mindset is an important distinction between the thinking of a pro trader from a new trader. We are trying to get better each day, and do as well as we can. New traders are trying to make money.<\/p>\n<p>&nbsp;<\/p>\n<p>In <a href=\"http:\/\/www.smbtraining.com\/blog\/did-you-trade-well-part-i\">Part I<\/a> of this blog series we discussed how to tabulate Missed Profit to judge your trading. Next, let&#8217;s discuss specific questions. As discussed in detail in my new book<em> The PlayBook,<\/em>\u00a0we ask in our trade review to judge if we traded well.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/08\/questions-after-the-close.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-30329\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/08\/questions-after-the-close.jpg\" alt=\"questions after the close\" width=\"619\" height=\"335\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/08\/questions-after-the-close.jpg 688w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/08\/questions-after-the-close-300x162.jpg 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/08\/questions-after-the-close-250x135.jpg 250w\" sizes=\"auto, (max-width: 619px) 100vw, 619px\" \/><\/a>You can add or delete questions to your review and you can certainly add more description to your answers. I hope this helps give you some structure to start judging your trading days better.<\/p>\n<p>You can be better tomorrow than you are today!<\/p>\n<p>Mike Bellafiore<\/p>\n<p><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1375715301&amp;sr=1-1&amp;keywords=one+good+trade\"><em>One Good Trade<\/em><\/a><\/p>\n<p><a href=\"http:\/\/http:\/\/www.amazon.com\/PlayBook-Inside-Think-Professional-Trader\/dp\/0132937646\/ref=sr_1_2?s=books&amp;ie=UTF8&amp;qid=1375715301&amp;sr=1-2&amp;keywords=one+good+trade\"><em>The PlayBook<\/em><\/a><\/p>\n<p><a href=\"http:\/\/twitter.com\/mikebellafiore\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<div>\n<p>no relevant positions<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Twitter I received this question: Does the success of ur day hinge on ur PnL, or proper execution? By 1 std I failed 2day, the other = success cc @MikeBellafiore @MikeBellafiore At SMB we do not define success or failure by our P&amp;L but by whether we traded well.\u00a0At the close we do a detailed trading review of how &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/did-you-trade-well-part-ii\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":30329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2444,2449,4703,2448,2451,4706,4707,1718,653,2445,1989,4712,4690,1888,207],"class_list":["post-30327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","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-trader-training","tag-trading-careers","tag-trading-course","tag-trading-courses","tag-trading-education","tag-trading-school","tag-trading-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Did You Trade Well? 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