{"id":33364,"date":"2013-11-04T09:54:55","date_gmt":"2013-11-04T14:54:55","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=33364"},"modified":"2023-04-27T08:05:11","modified_gmt":"2023-04-27T12:05:11","slug":"how-focusing-on-doing-the-right-thing-helped-this-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-focusing-on-doing-the-right-thing-helped-this-trader","title":{"rendered":"How Focusing on Doing the Right Thing Helped This Trader"},"content":{"rendered":"<div dir=\"ltr\">\n<p>As a trader our job is to do the right thing.\u00a0 Below is an example of a developing trader who saw improvement by embracing this mindset.<\/p>\n<blockquote><p>Bella,<\/p>\n<p>Since today was the last trading day of the month, I decided to briefly explain my progress during October. I took a lot of notes during this month, and found some bad habits I had from my previous experience. Before, I was too focused on P&amp;L, and when I had a strong morning I would not be willing to take risks at the afternoon (some days I would not trade at all).<\/p>\n<p>&nbsp;<\/p>\n<p>For the last two weeks I have being working to overcome this bad habit, and today was my best technical day yet. Now I am more focused on doing the right thing, rather than finishing the day in the green. I also realized, opposed to what I thought previously, my problem was not overtrading but the initial mistake that would start a chain reaction (which would lead me to overtrading).<\/p>\n<p>My best take away here was that there is a crucial difference between making mistakes and having a problem. Making a mistake is doing the right thing wrong (you only need practice to fix it). While having a problem is not being aware of a bad habit that if at first glance is not preventing success, it will be very harmful in the long-run.<\/p>\n<p>This month I improved a lot, and I need to thank your book <em>One Good Trade<\/em>.<\/p>\n<p>Thanks for the support.<\/p><\/blockquote>\n<p>How do you define &#8220;doing the right thing&#8221; for your trading?\u00a0 And does this help?<\/p>\n<p>Related blog posts:<br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/bad-habits-within-good-habits\">Bad Habits Within Good Habits<\/a><br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/from-bad-to-great-a-traders-steps-to-improve-performance\">From Bad to Great: a Trader&#8217;s Steps to Improve Performance<\/a><\/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=1382397128&amp;sr=1-1&amp;keywords=one+good+trade\"><em>One Good Trade<\/em><\/a><br \/>\n<a href=\"http:\/\/www.amazon.com\/The-PlayBook-Inside-Professional-Trader-ebook\/dp\/B00DW7PLLQ\/ref=pd_sim_b_1\"><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<p>No relevant positions<br \/>\n<a href=\"https:\/\/tradingworkshop.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-42831\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\" alt=\"tradingworkshop\" width=\"600\" height=\"300\" \/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>As a trader our job is to do the right thing.\u00a0 Below is an example of a developing trader who saw improvement by embracing this mindset. Bella, Since today was the last trading day of the month, I decided to briefly explain my progress during October. I took a lot of notes during this month, and found some bad habits &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/how-focusing-on-doing-the-right-thing-helped-this-trader\" 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],"tags":[2444,2449,4703,2448,2451,4706,4707,1718,653,2445,1989,4712,4690,1888,207],"class_list":["post-33364","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":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Focusing on Doing the Right Thing Helped This 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-focusing-on-doing-the-right-thing-helped-this-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Focusing on Doing the Right Thing Helped This Trader | SMB Training\" \/>\n<meta property=\"og:description\" content=\"As a trader our job is to do the right thing.\u00a0 Below is an example of a developing trader who saw improvement by embracing this mindset. Bella, Since today was the last trading day of the month, I decided to briefly explain my progress during October. I took a lot of notes during this month, and found some bad habits ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/how-focusing-on-doing-the-right-thing-helped-this-trader\" \/>\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=\"2013-11-04T14:54:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T12:05:11+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 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