{"id":36220,"date":"2014-02-18T13:44:14","date_gmt":"2014-02-18T18:44:14","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=36220"},"modified":"2023-05-24T17:43:57","modified_gmt":"2023-05-24T21:43:57","slug":"six-lessons-on-systems-trading","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading","title":{"rendered":"Six Lessons on Systems Trading"},"content":{"rendered":"

In my recent post,\u00a0Confessions from a Discretionary Trader<\/a>, I wrote how I was spending more time each day learning about quantitative trading. Today I attended the live taping of our new course,\u00a0SMB Systems Foundation, with market veterans Rick Martin and Andrew Falde at our NYC headquarters.<\/p>\n

Here are the six most interesting ideas I found shared in this course from Day One:<\/p>\n

1) The only way a robust auto strategy loses is if it gets turned off too early. You are the casino.<\/p>\n

2) You can take a winning system and make it better. But if your initial tests do not show success, move on to another idea.<\/p>\n

3) Build a system that fits your personality. If you have a need to be right, then consider a mean reversion system that may offer an 80 percent win rate. If you like home runs, then trend following maybe best for you.\u00a0 Just like discretionary trading.<\/p>\n

4) Without a 1,000 points of data nothing is statistical, no matter what your field or business structure may be. How many times have you failed this test in your trading life\/business?<\/p>\n

5) Trading systems are Pass\/Fail. They either work or they don’t. There is no such thing as a C+ for systems trading.<\/p>\n

6) 100 trades or two months of positive data is a good measure for whether you have an idea worth pursuing.<\/p>\n

I enjoyed Day One of the course. Rick has such a wealth of knowledge of systems trading, and Andrew has a genuine way of distilling complex topics into easy-to-learn language. I am looking forward to Day Two.<\/p>\n

Bella<\/p>\n

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

Mike Bellafiore<\/p>\n

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

\"\"<\/a>
\nNo relevant positions<\/p>\n

 <\/p>\n

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

In my recent post,\u00a0Confessions from a Discretionary Trader, I wrote how I was spending more time each day learning about quantitative trading. Today I attended the live taping of our new course,\u00a0SMB Systems Foundation, with market veterans Rick Martin and Andrew Falde at our NYC headquarters. Here are the six most interesting ideas I found shared in this course from … 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":[3738,4702],"class_list":["post-36220","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-automated-systems","tag-systems-trading","no-post-thumbnail"],"yoast_head":"\nSix Lessons on Systems Trading | 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\/six-lessons-on-systems-trading\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Six Lessons on Systems Trading | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In my recent post,\u00a0Confessions from a Discretionary Trader, I wrote how I was spending more time each day learning about quantitative trading. Today I attended the live taping of our new course,\u00a0SMB Systems Foundation, with market veterans Rick Martin and Andrew Falde at our NYC headquarters. Here are the six most interesting ideas I found shared in this course from ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading\" \/>\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=\"2014-02-18T18:44:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-24T21:43:57+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"Six Lessons on Systems Trading\",\"datePublished\":\"2014-02-18T18:44:14+00:00\",\"dateModified\":\"2023-05-24T21:43:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading\"},\"wordCount\":289,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"keywords\":[\"automated systems\",\"Systems Trading\"],\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading\",\"name\":\"Six Lessons on Systems Trading | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"datePublished\":\"2014-02-18T18:44:14+00:00\",\"dateModified\":\"2023-05-24T21:43:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#primaryimage\",\"url\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"contentUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Six Lessons on Systems Trading\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\",\"name\":\"Bella\",\"description\":\"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/bellas-blog\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/bella\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Six Lessons on Systems Trading | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading","og_locale":"en_US","og_type":"article","og_title":"Six Lessons on Systems Trading | SMB Training","og_description":"In my recent post,\u00a0Confessions from a Discretionary Trader, I wrote how I was spending more time each day learning about quantitative trading. Today I attended the live taping of our new course,\u00a0SMB Systems Foundation, with market veterans Rick Martin and Andrew Falde at our NYC headquarters. Here are the six most interesting ideas I found shared in this course from ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2014-02-18T18:44:14+00:00","article_modified_time":"2023-05-24T21:43:57+00:00","og_image":[{"url":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","type":"","width":"","height":""}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"Six Lessons on Systems Trading","datePublished":"2014-02-18T18:44:14+00:00","dateModified":"2023-05-24T21:43:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading"},"wordCount":289,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","keywords":["automated systems","Systems Trading"],"articleSection":["General Comments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading","url":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading","name":"Six Lessons on Systems Trading | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","datePublished":"2014-02-18T18:44:14+00:00","dateModified":"2023-05-24T21:43:57+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#primaryimage","url":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","contentUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png"},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/six-lessons-on-systems-trading#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"Six Lessons on Systems Trading"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161","name":"Bella","description":"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.","sameAs":["https:\/\/www.smbtraining.com\/blog\/bellas-blog"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/bella"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/36220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/144"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=36220"}],"version-history":[{"count":3,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/36220\/revisions"}],"predecessor-version":[{"id":55219,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/36220\/revisions\/55219"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=36220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=36220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=36220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}