{"id":39245,"date":"2014-10-30T09:54:31","date_gmt":"2014-10-30T13:54:31","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=39245"},"modified":"2023-04-04T19:11:07","modified_gmt":"2023-04-04T23:11:07","slug":"8-ideas-from-the-prop-desk-to-improve-your-trading-stocktoberfest","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/8-ideas-from-the-prop-desk-to-improve-your-trading-stocktoberfest","title":{"rendered":"8 Ideas from the Prop Desk to Improve Your Trading (#Stocktoberfest)"},"content":{"rendered":"

This week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon.\u00a0 My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading.\u00a0 Below are the slides and main ideas from my discussion.<\/p>\n

Equanimity<\/strong><\/p>\n

Just intake the data the market is offering and then make the right decision- like Shark.\u00a0 Don’t root.\u00a0 If you do, then your trade results will not reflect how good you can be as a trader.<\/p>\n

The Non-Scalable Trader<\/strong><\/p>\n

You must be right about direction, time and while controlling your risk\/reward.<\/p>\n

A Trader\u2019s Treasure Hunt for Edge<\/strong><\/p>\n

There is a lot of good to be found in even the results of an underperforming trader.\u00a0 Hunt for what you do best and do more of that.\u00a0 This exercise propelled one SMB Trader to become one of our best traders.<\/p>\n

The Partner Rips<\/strong><\/p>\n

Eliminate the trades where you do not have edge.\u00a0 They will infect the results of all those trades where you have edge.<\/p>\n

The Bionic Trader<\/strong><\/p>\n

We are particularly proud of one SMB Trader.\u00a0 He went from Consistently Negative Trader to profitable by building a filter for his best setup.<\/p>\n

A Successful Trader Who Made a Late\u00a0Career Change<\/strong><\/p>\n

Seth Freudberg, Director of SMB Options, is an example of someone who transitioned from a job he hated into a consistently profitable trader.<\/p>\n

The Gr8 Automated Failed\u00a0Discretionary Trader<\/strong><\/p>\n

You can be the worst discretionary trader ever yet a successful quantitative trader.<\/p>\n

#1 Lesson from Trading<\/strong><\/p>\n

“You can be better tomorrow that you are today!”- Mike Bellafiore, The PlayBook<\/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<\/em> and The PlayBook<\/em>. He welcomes your trading questions at mbellafiore@smbcap.com.<\/p>\n

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

This week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon.\u00a0 My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading.\u00a0 Below are the slides and main ideas from my discussion. Equanimity Just intake the data the market is offering and then make the right decision- like Shark.\u00a0 Don’t root.\u00a0 If you do, then your … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":39246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[633,1252,615,107,1251,38],"class_list":["post-39245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mike-bellafiore-bellas-blogs","tag-633","tag-desk","tag-ideas","tag-improve","tag-prop","tag-trading"],"yoast_head":"\n8 Ideas from the Prop Desk to Improve Your Trading (#Stocktoberfest) | 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\/8-ideas-from-the-prop-desk-to-improve-your-trading-stocktoberfest\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"8 Ideas from the Prop Desk to Improve Your Trading (#Stocktoberfest) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"This week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon.\u00a0 My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading.\u00a0 Below are the slides and main ideas from my discussion. 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