{"id":38154,"date":"2014-07-02T09:36:48","date_gmt":"2014-07-02T13:36:48","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=38154"},"modified":"2023-03-30T08:40:38","modified_gmt":"2023-03-30T12:40:38","slug":"finding-and-increasing-your-trading-edge","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/finding-and-increasing-your-trading-edge","title":{"rendered":"Finding and Increasing your Trading Edge"},"content":{"rendered":"

One trader on our desk offers a best practice to emulate.<\/p>\n

This trader had been gross negative 3\/4 past months prior to June.\u00a0 He is a hard worker, focused on the markets, disciplined and well-trained.\u00a0 He is one of the guys who can make it.<\/p>\n

Yet, while I wouldn’t say it was a large deal that he was not yet positive consistently given his youth to trading others in his class are already consistently profitable.\u00a0 He could do better.<\/p>\n

Prior to the start of June, I chatted with him in my office about his edge.\u00a0 He brought everything else needed to be a CPT.<\/p>\n

Bella: Where do you have edge?<\/p>\n

He responded in specificity.<\/p>\n

Bella: Have you built custom filters alerting you to these setups?<\/p>\n

Trader: I am working on it.\u00a0 I could use a bump to my maximum share size so I can trade these trades bigger.<\/p>\n

Bella: Okay I will bump you up.\u00a0 Build those filters.<\/p>\n

For the month of June the trader was positive. I had another chat with him.<\/p>\n

Bella: What is the reason for your improvement this month?<\/p>\n

Trader: The plays we discussed where I have edge I traded bigger.<\/p>\n

This trader spotted his edge, then used technology to increase his edge.\u00a0 We say he became Bionic.\u00a0 This trader traded the setups where he had edge bigger.\u00a0 This has made a substantial difference in his results.<\/p>\n

What did I ask him at the start of July?<\/p>\n

Bella:\u00a0 Should we increase your max size so you can trade these setups even bigger?<\/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 One Good Trade<\/a><\/em> and The PlayBook<\/a><\/em>.<\/p>\n

 <\/p>\n

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

One trader on our desk offers a best practice to emulate. This trader had been gross negative 3\/4 past months prior to June.\u00a0 He is a hard worker, focused on the markets, disciplined and well-trained.\u00a0 He is one of the guys who can make it. Yet, while I wouldn’t say it was a large deal that he was not yet … 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":[1,4054],"tags":[788,4025,38],"class_list":["post-38154","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-in-house-training","tag-edge","tag-increasing","tag-trading","no-post-thumbnail"],"yoast_head":"\nFinding and Increasing your Trading Edge | 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\/finding-and-increasing-your-trading-edge\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finding and Increasing your Trading Edge | SMB Training\" \/>\n<meta property=\"og:description\" content=\"One trader on our desk offers a best practice to emulate. 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