{"id":39154,"date":"2014-10-19T13:05:02","date_gmt":"2014-10-19T17:05:02","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=39154"},"modified":"2023-04-10T17:47:27","modified_gmt":"2023-04-10T21:47:27","slug":"smb-trading-lessons-of-the-week","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/smb-trading-lessons-of-the-week","title":{"rendered":"SMB Trading Lessons of the Week &#8211; October 19, 2014"},"content":{"rendered":"<p style=\"text-align: left;\">In the video below, Mike Bellafiore is interviewed before<span class=\"aBn\" tabindex=\"0\" data-term=\"goog_234356379\"><span class=\"aQJ\">Friday\u2019s<\/span><\/span> open by Benzinga to discuss his pre-market prep.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/an-interview-with-mike-bellafiore-his-favorite-trade-trading-volatility-and-key-market-levels\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-39081 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/10\/unnamed.jpg\" alt=\"unnamed\" width=\"600\" height=\"338\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/10\/unnamed.jpg 600w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/10\/unnamed-300x169.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<h3>Latest Blog Posts<\/h3>\n<h4>Higher Volatility = Higher Trading Expectations<\/h4>\n<p>I love the idea of you experimenting with a giveback rule. It has been awhile since I have written about this. From your example above, stopping yourself out for the day when you dip below $100 is an excellent idea. Also, you are seeing a pattern in your trading. You tend to give back money at just short of $200 for the day&#8230;<a href=\"http:\/\/www.smbtraining.com\/blog\/higher-volatility-higher-trading-expectations\" target=\"_blank\" rel=\"noopener\" shape=\"rect\">Read More<\/a><\/p>\n<h4>Anatomy of a Rip<\/h4>\n<p>I have made this same mistake myself. If you haven&#8217;t you will. This year one of our experienced trader took a 6k rip (large loss) doing exactly what Trader Chris did above. I took one for a bit more.I love how Trader Chris wants to learn from this mistake. His solution is to improve his attention to detail&#8230;<a href=\"http:\/\/www.smbtraining.com\/blog\/anatomy-of-a-rip-2\" target=\"_blank\" rel=\"noopener\" shape=\"rect\">Read More<\/a><\/p>\n<h4>Options Trading for Income with John Locke for October 13, 2014<\/h4>\n<p>Get the latest options strategies from John Locke. John details the current strategy he is employing in this volatile market..<a href=\"http:\/\/www.smbtraining.com\/blog\/options-trading-for-income-with-john-locke-for-october-13-2014\" target=\"_blank\" rel=\"noopener\" shape=\"rect\">Read More<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the video below, Mike Bellafiore is interviewed beforeFriday\u2019s open by Benzinga to discuss his pre-market prep. Latest Blog Posts Higher Volatility = Higher Trading Expectations I love the idea of you experimenting with a giveback rule. It has been awhile since I have written about this. From your example above, stopping yourself out for the day when you dip &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/smb-trading-lessons-of-the-week\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":39082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[848,38,3037],"class_list":["post-39154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-lessons","tag-trading","tag-weeks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SMB Trading Lessons of the Week - October 19, 2014 | 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\/smb-trading-lessons-of-the-week\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMB Trading Lessons of the Week - October 19, 2014 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In the video below, Mike Bellafiore is interviewed beforeFriday\u2019s open by Benzinga to discuss his pre-market prep. Latest Blog Posts Higher Volatility = Higher Trading Expectations I love the idea of you experimenting with a giveback rule. It has been awhile since I have written about this. From your example above, stopping yourself out for the day when you dip ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/smb-trading-lessons-of-the-week\" \/>\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=\"2014-10-19T17:05:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-10T21:47:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/10\/unnamed-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"smbcapital\" \/>\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=\"smbcapital\" \/>\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\/smb-trading-lessons-of-the-week#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/smb-trading-lessons-of-the-week\"},\"author\":{\"name\":\"smbcapital\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a\"},\"headline\":\"SMB Trading Lessons of the Week &#8211; 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