{"id":39401,"date":"2014-11-23T21:12:55","date_gmt":"2014-11-24T02:12:55","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=39401"},"modified":"2023-03-30T17:01:12","modified_gmt":"2023-03-30T21:01:12","slug":"smb-trading-lessons-of-the-week-4","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/smb-trading-lessons-of-the-week-4","title":{"rendered":"SMB Trading Lessons of the Week of November 23, 2014"},"content":{"rendered":"<p>Bella discusses an anecdote about a great automated trader who was formerly a failed discretionary trader.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/the-great-automated-failed-discretionary-trader-video\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-39402 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/11\/unnamed.jpg\" alt=\"tradingtips\" width=\"600\" height=\"338\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/11\/unnamed.jpg 600w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/11\/unnamed-300x169.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>In this video Bruce Bower discusses decision making from his visualization series.<\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding: 56.25% 0 0 0; position: relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height: 100%; left: 0; position: absolute; top: 0; width: 100%;\"><iframe loading=\"lazy\" class=\"wistia_embed\" title=\"Trading as Decision-Making Video\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/3rfg9ar09i?seo=false&amp;videoFoam=true\" name=\"wistia_embed\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/div>\n<\/div>\n<p><script src=\"https:\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<h3>Latest Blog Posts<\/h3>\n<h4>Hopeville: Where Traders Go To Die<\/h4>\n<p>There are times when I am required to give a mentoring student some tough love, because it\u2019s important for me to convey, immediately, to a trainee when I spot a trading quality that is so destructive that he has virtually no chance of surviving as a trader unless he rids himself of that trait&#8230;<a href=\"http:\/\/www.smbtraining.com\/blog\/hopeville-where-traders-go-to-die\" target=\"_blank\" rel=\"noopener\" shape=\"rect\">Read More<\/a><\/p>\n<h4>Avoiding Losers (And Winners)<\/h4>\n<p>We have all heard it said &#8230; let your winners run and cut your losers short&#8230; but understanding and then accepting it is quite another matter. We may hear it and we may read it and we may nod our heads in agreement but do we really know how to let our winners run and cut our losers short? It is easy to understand but very difficult to apply. Rest assured there is a really good reason why it is so difficult and why most of us fail at it. The thought is&#8230;<a href=\"http:\/\/www.smbtraining.com\/blog\/avoiding-losers-and-winners\" target=\"_blank\" rel=\"noopener\" shape=\"rect\">Read More<\/a><\/p>\n<h4>Lesson 1: Trading is Decision Making<\/h4>\n<p>Last week, I wrote up seven lessons that I&#8217;ve learned about investing and trading over the past few years. That was an overview of some of the more interesting and surprising things that I\u2019d come across in my journey in the markets. As a continuation of this series, I\u2019m going to do a deeper dive on each of the seven lessons, giving a sneak preview of the content in my upcoming book&#8230;<a href=\"http:\/\/www.smbtraining.com\/blog\/lesson-1-trading-is-decision-making\" target=\"_blank\" rel=\"noopener\" shape=\"rect\">Read More<\/a><\/p>\n<h4>Options Trading for Income with John Locke<\/h4>\n<p>In this video John runs through the current option strategies he is implenting in the market&#8230;<a href=\"http:\/\/www.smbtraining.com\/blog\/options-trading-for-income-with-john-locke-for-november-17-2014\" target=\"_blank\" rel=\"noopener\" shape=\"rect\">Read More<\/a><\/p>\n<p><a href=\"https:\/\/tf130.infusionsoft.com\/app\/form\/c1e8576cd7fc66f146beca3bebabc2c5\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-39307 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/11\/10daybanner.png\" alt=\"10daybanner\" width=\"586\" height=\"290\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/11\/10daybanner.png 586w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/11\/10daybanner-300x148.png 300w\" sizes=\"auto, (max-width: 586px) 100vw, 586px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bella discusses an anecdote about a great automated trader who was formerly a failed discretionary trader. In this video Bruce Bower discusses decision making from his visualization series. Latest Blog Posts Hopeville: Where Traders Go To Die There are times when I am required to give a mentoring student some tough love, because it\u2019s important for me to convey, immediately, &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/smb-trading-lessons-of-the-week-4\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":39403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[848,38,3037],"class_list":["post-39401","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 of November 23, 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-4\" \/>\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 of November 23, 2014 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Bella discusses an anecdote about a great automated trader who was formerly a failed discretionary trader. 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