{"id":33976,"date":"2013-11-19T12:41:24","date_gmt":"2013-11-19T17:41:24","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=33976"},"modified":"2023-04-25T17:11:17","modified_gmt":"2023-04-25T21:11:17","slug":"let-rodney-be-rodney","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/let-rodney-be-rodney","title":{"rendered":"Let Rodney Be Rodney"},"content":{"rendered":"<blockquote><p>Good afternoon Bella!<\/p>\n<p>&nbsp;<\/p>\n<p>I&#8217;ve been crunching my trading stats lately, and see lots of positives but also some things that clearly need improving. A positive is my stats off the open,\u00a09:30-9:50. Those are very strong. However, what is severely lacking is my trading performance from\u00a01:30-4pm. I know you&#8217;ve talked about how within the trading day, there are three separate &#8220;businesses&#8221;: the open, midday, and the close. I&#8217;m looking for some advice\/input on how I can turn around my performance from\u00a01:30-4pm\u00a0so I can continue to develop and take the steps I need to take to become &#8220;Your Best Trader&#8221;.<\/p>\n<p>Rodney<\/p><\/blockquote>\n<p><strong>@MikeBellafiore<\/strong><\/p>\n<div>What types of trades are you making from\u00a09:30-9:50?<\/div>\n<div>\n<p>What types of trades are you making midday?<strong>Rodney responds:<\/strong><\/p>\n<\/div>\n<blockquote><p>My main focus off the open is opening drive type plays, stocks that are holding their opening print. My risk is definable, and they have a daily chart setup as well. Midday I generally look for opportunities where stuff is moving on volume out of an intraday pattern, again, preferably with a daily chart set. I tend to have way more confidence in a trade if I like the daily chart. One of my potential challenges could be subconscious. With opening drives, those moves happen quick and they happen fast, which makes them fall into that instant gratification category. Midday trades are perhaps slower to develop, though not always. It&#8217;s from that information I&#8217;ve realized my trades2hold need a lot of improving!<\/p>\n<p>Rodney<\/p><\/blockquote>\n<p><strong>@mikebellafiore<\/strong><\/p>\n<p>If you are a good Opening Drive trader you enjoy momentum trading and scalping. It is unusual with algorithmic trading programs to be able to trade these setups consistently profitably. It appears you may have the skill to do so.<\/p>\n<p>You might first start making a PlayBook of midday momentum and scalp trades that make the most sense to you. The answer may be for you to be more selective with your momentum and scalp midday trades. And not that you should stay away from them and focus on Trades2Hold intraday. You could consider adding IPO trading as a strategy. Find some high beta stocks to scalp. First try and find more of the types of trades you prefer rather than trying to adapt to trades that may not fit your personality and trading brain. Build from your strengths. Let Rodney be Rodney.<\/p>\n<p>Related blog posts:<br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/triggering-elite-performance\">Triggering Elite Performance<\/a><br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/part-of-being-a-successful-trader\">Part of Being a Successful Trader<\/a><\/p>\n<p>You can be better tomorrow than you are today!<\/p>\n<p>Mike Bellafiore<\/p>\n<p><em><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\">One Good Trade<br \/>\n<\/a><\/em><a href=\"http:\/\/www.amazon.com\/PlayBook-Inside-Think-Professional-Trader\/dp\/0132937646\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1390507658&amp;sr=1-1&amp;keywords=the+playbook+mike+bellafiore\"><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 wp-image-42831\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\" alt=\"tradingworkshop\" width=\"518\" height=\"246\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon Bella! &nbsp; I&#8217;ve been crunching my trading stats lately, and see lots of positives but also some things that clearly need improving. A positive is my stats off the open,\u00a09:30-9:50. Those are very strong. However, what is severely lacking is my trading performance from\u00a01:30-4pm. I know you&#8217;ve talked about how within the trading day, there are three separate &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/let-rodney-be-rodney\" 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":[1606,379,4685],"class_list":["post-33976","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-momentum-trade","tag-opening-drive","tag-trading-lesson","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>Let Rodney Be Rodney | 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\/let-rodney-be-rodney\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Let Rodney Be Rodney | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Good afternoon Bella! &nbsp; I&#8217;ve been crunching my trading stats lately, and see lots of positives but also some things that clearly need improving. A positive is my stats off the open,\u00a09:30-9:50. Those are very strong. However, what is severely lacking is my trading performance from\u00a01:30-4pm. I know you&#8217;ve talked about how within the trading day, there are three separate ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/let-rodney-be-rodney\" \/>\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=\"2013-11-19T17:41:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-25T21:11:17+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 name=\"twitter:data2\" content=\"3 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