{"id":37442,"date":"2014-05-11T13:04:04","date_gmt":"2014-05-11T17:04:04","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=37442"},"modified":"2014-05-11T14:47:15","modified_gmt":"2014-05-11T18:47:15","slug":"the-angry-trader-guy","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-angry-trader-guy","title":{"rendered":"The Angry Trader Guy"},"content":{"rendered":"<p>On our trading desk there was a sudden bang, cuss word, and then chair slam. \u00a0The chair slam is when a trader pushes his chair back into its place with intentional over-velocity. I find this is an underused outburst of trading frustration. It&#8217;s better than the hand bang as that can lead to a hand break. A new trader had lost in a position and then worse lost his cool. He was Angry Trader Guy.<\/p>\n<p>Still worse the new trader left for the day.<\/p>\n<p>Our Floor Manager scheduled a meeting with the newb. This behavior was unprofessional, distracting, and harmful to the newb&#8217;s development. We would discuss privately a more productive way to react to a losing trade.<\/p>\n<p>Pro traders can get upset. We are not Buddhist monks. I love the fire inside this trader. I love that he cares. I have broken keyboards after losing traders, though not in years.<\/p>\n<p>But this response to a losing trade is anathema to the mindset best for you. Learn from each trade. If you are spending energy on acting out you are not learning from the trade.<\/p>\n<ul>\n<li>Were you in the wrong stock?<\/li>\n<li>Why did this trade fail?<\/li>\n<li>Did you enter at the wrong price?<\/li>\n<li>Set the wrong stop?<\/li>\n<li>Force the trade?<\/li>\n<li>Make one outside of your strengths?<\/li>\n<li>Not recognize the overall market was against your position?<\/li>\n<li>Make One Good Trade that just did not work?<\/li>\n<\/ul>\n<p>Traders are very competitive. One might see the banging and cussing as a trader who is ultra-competitive who can&#8217;t stand losing. And that this is a terrific attribute to possess as a trader. In fact this trader was a former high-level athlete. Banging and cussing and mangling your chair AND then leaving is not competing.<\/p>\n<p>Competing is learning to use that anger as information or regulating your anger quickly into hyper-focus.<\/p>\n<p>Competing is learning as much as you can from that trade.<\/p>\n<p>Also, do you really want to spend your career being Angry Trader Guy?<\/p>\n<p><em>You can be better tomorrow than you are today!<\/em><\/p>\n<p><span style=\"line-height: 1.5em;\">Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of <\/span><em style=\"line-height: 1.5em;\"><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary-ebook\/dp\/B003VIWRJA\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1396299609&amp;sr=1-1&amp;keywords=The+PlayBook+one+good+trade\">One Good Trade<\/a><\/em><span style=\"line-height: 1.5em;\"> and <\/span><em style=\"line-height: 1.5em;\"><a href=\"http:\/\/www.amazon.com\/Playbook-Inside-Think-Professional-Trader\/dp\/0132937646\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1358899059&amp;sr=1-1&amp;keywords=The+PlayBook+mike+bellafiore\">The PlayBook<\/a><\/em><span style=\"line-height: 1.5em;\">.<\/span><\/p>\n<p><strong>Learn the skills necessary to identify and manage trades like these in our 10 week mentoring program. Click on banner below for details on next session in May 2014.<\/strong><\/p>\n[useful_banner_manager banners=2 count=1]\n<p>No relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On our trading desk there was a sudden bang, cuss word, and then chair slam. \u00a0The chair slam is when a trader pushes his chair back into its place with intentional over-velocity. I find this is an underused outburst of trading frustration. It&#8217;s better than the hand bang as that can lead to a hand break. A new trader had &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-angry-trader-guy\" 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":[456,455],"tags":[2644,144],"class_list":["post-37442","post","type-post","status-publish","format-standard","hentry","category-trader_development","category-trading_psychology","tag-competitive","tag-trader","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>The Angry Trader Guy | 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-angry-trader-guy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Angry Trader Guy | SMB Training\" \/>\n<meta property=\"og:description\" content=\"On our trading desk there was a sudden bang, cuss word, and then chair slam. \u00a0The chair slam is when a trader pushes his chair back into its place with intentional over-velocity. 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