{"id":336,"date":"2009-01-26T22:25:40","date_gmt":"2009-01-27T03:25:40","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=336"},"modified":"2009-01-27T08:14:40","modified_gmt":"2009-01-27T13:14:40","slug":"learn-how-to-score","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/learn-how-to-score","title":{"rendered":"Learn How to Score"},"content":{"rendered":"<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/01\/roh-pre-mkt-01-26-09.bmp\" title=\"ROH Pre-Mkt 01-26-09\"><\/a><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/01\/roh-pre-mkt-01-26-09.bmp\" title=\"ROH Pre-Mkt 01-26-09\"><\/a><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/01\/cat-01-26-09.bmp\" title=\"CAT 01-26-09\"><\/a>I shorted ROH in the Premarket.\u00a0 Chop!\u00a0 I shorted CAT on the Open.\u00a0 Chop!\u00a0 And then CAT got hard.\u00a0 I made some and\u00a0I lost some.\u00a0 And as I like to kid our desk, then people started bothering me.<\/p>\n<p>Roy generally bothers me first about something I\u00a0need to do for him.\u00a0 Roy runs <a href=\"http:\/\/www.smbtraining.com\">SMB Training<\/a>.\u00a0 So if you are interested in learning some more about our <a href=\"http:\/\/www.smbtraining.com\">training program<\/a> that we created for our proprietary trading desk, which we recently offered to the public, then he is your guy.\u00a0 Then Charlie starts bothering me.\u00a0 Charlie is so polite.\u00a0 &#8220;Mike are you trading?&#8221; he always asks first.\u00a0 But still he is bothering me none the less.\u00a0 If you write to us about an interview then Charlie is the one who responds generally.\u00a0 I wish I could be as polite as Charlie.\u00a0 And if Charlie or Roy aren&#8217;t bothering me then Rosemary will about the next class I need to teach.\u00a0 OK so I am absolutely just kidding about the above.\u00a0 I enjoy working on stuff other than my own personal trading.\u00a0 This is the best part about running a firm.<\/p>\n<p>But today I made 80 percent of my money before 9:45.\u00a0 I saw a few excellent risk\/reward opportunities and I pounced.\u00a0 And the trades worked.\u00a0 I might live to be a hundred if everyday was like this.\u00a0 Talk about a lack of stress.\u00a0 But I picked my spots.\u00a0 And I kept my profits.\u00a0 I did not overtrade midday.\u00a0 I was in\u00a0the right stocks.\u00a0 I did not force trades into the Close.\u00a0 I lowered my tier size while trading AFL into the Close.\u00a0 I just didn&#8217;t see the great trading opportunity with AFL\u00a0into the Close.\u00a0 I kept my losses small when CAT started not to work.<\/p>\n<p>I had all of these opportunities to give back my profits during the day.\u00a0 And I didn&#8217;t.\u00a0 This is a game.\u00a0 Golfers talk about scoring.\u00a0 Phil might say after a round, &#8220;I didn&#8217;t\u00a0hit the ball that\u00a0well, but I scored well.&#8221;\u00a0 This is the same with trading.\u00a0 We all receive a score.\u00a0 At the end of the day on our trading screens there is our score, our P&amp;L.\u00a0 And\u00a0you need to learn a whole bunch of tricks, such as the\u00a0above,\u00a0to\u00a0ensure that you do score well.\u00a0<\/p>\n<p>Today before the Open I exchanged a few emails with one of\u00a0our favorite traders.\u00a0 He loves the markets.\u00a0 He works\u00a0very hard.\u00a0 He was very successful in a cut throat field before trading with us.\u00a0 And he sent me his goals for this week.\u00a0 I suggested that he start to focus on putting up a number every day this week.\u00a0\u00a0 Spend all of your mental energy focusing on all the things that\u00a0you must do to create this result.\u00a0 I wanted him to work on his\u00a0scoring.\u00a0\u00a0\u00a0<\/p>\n<p>Our desk talks so much about developing your trading skills.\u00a0 We work very hard watching tape of our trading.\u00a0 But you also must learn how to score.<\/p>\n<p>Good luck with your trading!\u00a0<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/01\/roh-pre-mkt-01-26-09.bmp\" title=\"ROH Pre-Mkt 01-26-09\"><img decoding=\"async\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/01\/roh-pre-mkt-01-26-09.bmp\" alt=\"ROH Pre-Mkt 01-26-09\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/01\/cat-01-26-09.bmp\" title=\"CAT 01-26-09\"><img decoding=\"async\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/01\/cat-01-26-09.bmp\" alt=\"CAT 01-26-09\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I shorted ROH in the Premarket.\u00a0 Chop!\u00a0 I shorted CAT on the Open.\u00a0 Chop!\u00a0 And then CAT got hard.\u00a0 I made some and\u00a0I lost some.\u00a0 And as I like to kid our desk, then people started bothering me. Roy generally bothers me first about something I\u00a0need to do for him.\u00a0 Roy runs SMB Training.\u00a0 So if you are interested in &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/learn-how-to-score\" 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":[10],"tags":[22,4676,30,18],"class_list":["post-336","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trader","tag-day-trading","tag-prop-trading","tag-smb-capital","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>Learn How to Score | 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\/learn-how-to-score\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Learn How to Score | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I shorted ROH in the Premarket.\u00a0 Chop!\u00a0 I shorted CAT on the Open.\u00a0 Chop!\u00a0 And then CAT got hard.\u00a0 I made some and\u00a0I lost some.\u00a0 And as I like to kid our desk, then people started bothering me. Roy generally bothers me first about something I\u00a0need to do for him.\u00a0 Roy runs SMB Training.\u00a0 So if you are interested in ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/learn-how-to-score\" \/>\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=\"2009-01-27T03:25:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2009-01-27T13:14:40+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/01\/roh-pre-mkt-01-26-09.bmp\" \/>\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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