{"id":30436,"date":"2013-08-21T15:46:29","date_gmt":"2013-08-21T19:46:29","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=30436"},"modified":"2023-08-01T19:36:25","modified_gmt":"2023-08-01T23:36:25","slug":"the-scalable-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-scalable-trader","title":{"rendered":"The Scalable Trader"},"content":{"rendered":"

Hi, I attended the 2nd Day session with Mike during Ifest Singapore 2013. I am blown apart by the depth taken to create SMB trading protocols and the rational behind them. I was particularly pleased with Risk allocation technique created by Mike (that was simply brilliant). A sample can be seen here (http:\/\/www.smbtraining.com\/blog\/did-you-trade-well-part-i).<\/p>\n

 <\/p>\n

\n

For the first time, I am able to allocate risk based on the type of play that I am going to trade. A bigger risk for a higher probability trade (e.g. A+ trades), lower risk for a lower probability trade (trades that I’m trying to develop). As a result, I am relieved of having to worry whether have I put too much risk on each trade because I have did my homework of sizing up the type of play and putting a pre-determined self-assessed amount on them. I cannot ever stop thanking Mike for this as I am a gut-feeling trader that for years trying to quantify and qualify money management from a risk management perspective.<\/p>\n<\/div>\n<\/blockquote>\n

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

You cannot scale your trading responsibly if you do not have a system for allocating risk. To our desk this means archiving A+, B and Feeler trades and predetermining the percentage risk for each trade. For A+ trades we encourage our traders to place 30 percent of their intraday loss and less for lesser trades. Often traders think in share size which is a mistake. Think in setting a risk system based upon a percentage of your book. Then when you are profitable just increase the amount of your trading book and keep setting your risk as a percentage of your book. This is a scalable trading system. (For those of you who are interested, I discuss this in greater detail in\u00a0The PlayBook<\/em>).<\/p>\n

Related blog posts:
\nRisk: So<\/em> Not a Game
\n<\/a>Learning to Take Pain<\/a><\/p>\n

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

Mike Bellafiore<\/p>\n

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

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

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

no relevant positions<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Hi, I attended the 2nd Day session with Mike during Ifest Singapore 2013. I am blown apart by the depth taken to create SMB trading protocols and the rational behind them. I was particularly pleased with Risk allocation technique created by Mike (that was simply brilliant). A sample can be seen here (http:\/\/www.smbtraining.com\/blog\/did-you-trade-well-part-i).   For the first time, I am … 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],"tags":[2444,2449,4703,2448,2451,4706,4707,1718,653,2445,1989,4712,4690,1888,207],"class_list":["post-30436","post","type-post","status-publish","format-standard","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","no-post-thumbnail"],"yoast_head":"\nThe Scalable 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\/the-scalable-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Scalable Trader | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Hi, I attended the 2nd Day session with Mike during Ifest Singapore 2013. I am blown apart by the depth taken to create SMB trading protocols and the rational behind them. I was particularly pleased with Risk allocation technique created by Mike (that was simply brilliant). A sample can be seen here (http:\/\/www.smbtraining.com\/blog\/did-you-trade-well-part-i).   For the first time, I am ... 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