{"id":39590,"date":"2014-12-28T16:00:53","date_gmt":"2014-12-28T21:00:53","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=39590"},"modified":"2014-12-30T14:57:57","modified_gmt":"2014-12-30T19:57:57","slug":"make-trading-changes-now-to-prosper-in-2015","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/make-trading-changes-now-to-prosper-in-2015","title":{"rendered":"Make Trading Changes Like Coach K to Prosper in 2015"},"content":{"rendered":"

As we approach the end of the year this is an excellent time to consider trading changes. \u00a0Call it your New Year’s Trading Resolutions. \u00a0Actually the now<\/em> is always a good time to consider changes to your trading but that is a whole separate discussion. \u00a0Let’s just follow the trend and encourage the presently motivated to make trading changes.<\/p>\n

One of our great college basketball coaches, if not our best, has. \u00a0Coach K used to place an emphasis on recruiting 4-year players. \u00a0This year his team stars one-and-done freshmen and sits at #2 in the college basketball polls. \u00a0Some say this is his best team ever. \u00a0How quickly people forget Hurley, Hill, Laettner, T. Hill. \u00a0But again that is another conversation. Coach K has made changes <\/a>in his coaching to compete in this new order of college coaching (see Kentucky and Coach Cal).<\/p>\n

Here is a passage from a recent article highlighting Coach K’s changes:<\/p>\n

It’s remarkable, then, given Coach K’s longevity, that he is not locked into a certain way of working.\u00a0The aforementioned 2009-2010 title team, his fourth, had three seniors and two juniors playing nearly all of the minutes. This season, Okafor and fellow freshmen Justise Winslow and Tyus Jones are all among Krzyzewski’s minutes-played leaders.<\/span><\/p><\/blockquote>\n

Dr. Steenbarger (perhaps the Coach K of trading coaches) wrote an important piece<\/a> about the necessity of making changes in our trading for superior performance. \u00a0He starts:<\/p>\n

I generally find that traditional ways of viewing traditional market indicators and charts are not the most informative.<\/p><\/blockquote>\n

Change your charts. \u00a0Change your indicators. \u00a0Change your trading tools, challenges Dr. Steenbarger.<\/p>\n

Some of the biggest advances at our prop firm’s Austin floor<\/a> were made by traders changing seats. \u00a0Sitting around other traders and their different approaches to trading propelled them to higher levels. \u00a0Change your trading vista.<\/p>\n

Traders on our desk continue to be more bionic, developing custom filters to signal trades with edge. \u00a0And sitting in their seats after hours back-testing automated strategies. \u00a0They seek to be bionic discretionary quant traders instead of formerly singularly discretionary traders.<\/p>\n

I wrote in One Good Trade<\/em> that I have changed my trading style many times as markets have changed.<\/p>\n

In a recent webinar, I shared how we do not teach traders to trade how we did when we started SMB in 2005. \u00a0In fact, we explicitly discourage them to trade like that. \u00a0It’s not that in the past that strategy didn’t have edge, it’s that it’s too hard to trade that strategy in this market <\/em>with the introduction and then increase of HFTs. \u00a0We substantially changed our teaching approach.<\/p>\n

There is a whole big changing opportunistic world out there. \u00a0What changes will you make this year with your trading to prosper in it?<\/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

\"10daybanner\"<\/a><\/p>\n

*no relevant positions<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

As we approach the end of the year this is an excellent time to consider trading changes. \u00a0Call it your New Year’s Trading Resolutions. \u00a0Actually the now is always a good time to consider changes to your trading but that is a whole separate discussion. \u00a0Let’s just follow the trend and encourage the presently motivated to make trading changes. One … 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":[38],"class_list":["post-39590","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-trading","no-post-thumbnail"],"yoast_head":"\nMake Trading Changes Like Coach K to Prosper in 2015 | 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\/make-trading-changes-now-to-prosper-in-2015\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Make Trading Changes Like Coach K to Prosper in 2015 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"As we approach the end of the year this is an excellent time to consider trading changes. \u00a0Call it your New Year’s Trading Resolutions. \u00a0Actually the now is always a good time to consider changes to your trading but that is a whole separate discussion. \u00a0Let’s just follow the trend and encourage the presently motivated to make trading changes. 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