{"id":37751,"date":"2014-05-25T13:38:41","date_gmt":"2014-05-25T17:38:41","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=37751"},"modified":"2021-05-07T09:54:20","modified_gmt":"2021-05-07T13:54:20","slug":"5-lessons-from-navy-seals-for-traders","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/5-lessons-from-navy-seals-for-traders","title":{"rendered":"5 Lessons from Navy SEALs for Traders"},"content":{"rendered":"

I watched The Lone Survivor<\/em> last night on my iPad about a Navy SEALs caught in a vicious battle with the Taliban. \u00a0Five takeaways to apply to our trading:<\/p>\n

a) Think of surviving for your next breath.<\/p>\n

When a trade is going against you, instead of considering how to turn it into a winning position, live to make another trade. \u00a0What is the best action you can take from here, to keep yourself in the trading game? \u00a0Make it to that next trade.<\/p>\n

Many accomplished athletes attempt to become SEALs and fail. \u00a0Mastering a focus to survive for that next breath is what defines the successful SEAL and not superior physicality. \u00a0Successful traders first defend their capital to trade for another trade and not one trading thesis.<\/p>\n

b) It’s not enough to win; you must win with honor.<\/p>\n

Reading all these stories about insider trading from the HFs bothers me as a trader not so much because what they are doing is illegal, but because it misses the whole point of the game we are playing. \u00a0Trading is an exercise in self-improvement. \u00a0It’s about that challenge to be a better person.<\/p>\n

Getting some insider information that makes you money is just so embarrassing that some would find this behavior necessary. \u00a0Simply you are not one of us. \u00a0No matter how fancy the HF name and how much money you manage. \u00a0 It is not so much that you are a crook it is that you are a pathetic crook, bringing dishonor to the true mission of a trader.<\/p>\n

c) Months of training go into days of battle.<\/p>\n

Elite warriors practice, rehearse, train for months for days of battle. \u00a0They learn new technology to improve their attack. There is planning and back-up planning and more back-up planning. \u00a0The battle is won in the prior planning and skill-development.<\/p>\n

d) Brotherhood!<\/p>\n

On a pro trading desk, you are there not just for yourself but as a part of team. \u00a0That day you do not show up to trade NEWL<\/a> is not just a day you didn’t make money but a session that you weren’t there for your trading teammates. \u00a0They would have made more if you were there. \u00a0You let your trading brothers down.<\/p>\n

e) Anything less than excellence is not acceptable.<\/p>\n

Navy SEALs are inspiring at the most basic element because they sacrifice for the greater good. \u00a0But while we will never do anything as important as them, at least we can prepare, persist, help, adapt, trade with honor, and seek excellence like them. \u00a0If we are not trying to be your best trader, what exactly is the point?<\/p>\n

How do the SEALs help your trading?<\/p>\n

Related posts:<\/p>\n

Attack Your Trading Challenges Like a Navy Seal<\/a><\/p>\n

That is Why You Show Up $NEWL<\/a><\/p>\n

 <\/p>\n

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

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

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

No relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

I watched The Lone Survivor last night on my iPad about a Navy SEALs caught in a vicious battle with the Taliban. \u00a0Five takeaways to apply to our trading: a) Think of surviving for your next breath. When a trade is going against you, instead of considering how to turn it into a winning position, live to make another trade. … 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":[622,848,3098,3979,276],"class_list":["post-37751","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-622","tag-lessons","tag-navy","tag-seals","tag-traders","no-post-thumbnail"],"yoast_head":"\n5 Lessons from Navy SEALs for Traders | 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\/5-lessons-from-navy-seals-for-traders\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Lessons from Navy SEALs for Traders | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I watched The Lone Survivor last night on my iPad about a Navy SEALs caught in a vicious battle with the Taliban. \u00a0Five takeaways to apply to our trading: a) Think of surviving for your next breath. 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