{"id":40735,"date":"2015-05-07T17:56:11","date_gmt":"2015-05-07T21:56:11","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=40735"},"modified":"2023-04-06T11:56:11","modified_gmt":"2023-04-06T15:56:11","slug":"an-anecdote-from-the-prop-desk-the-unprepared-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/an-anecdote-from-the-prop-desk-the-unprepared-trader","title":{"rendered":"An anecdote from the prop desk: The unprepared trader"},"content":{"rendered":"<p>Often new traders think they are prepared to trade when they aren&#8217;t.\u00a0 They think they have done the sufficient preparation to trade and the market truth is that they haven&#8217;t.<\/p>\n<p>Traders who we have trained from scratch to consistently profitable have always met the market definition of prepared.\u00a0 Those who have underperformed have met their definition of prepared but not the market&#8217;s.\u00a0 They have failed to fill the gap between their beliefs and the market&#8217;s demands.<\/p>\n<p>An example of this occurred yesterday on our trading desk.\u00a0 Traders thought they were prepared.\u00a0 And by market demands definition they weren&#8217;t.\u00a0 By my definition they weren&#8217;t.\u00a0 And things got heated in our classroom explaining how these traders were falling short of what the market demanded from them.<\/p>\n<p>It&#8217;s not your definition of preparation that counts as a new trader.\u00a0 It is the one defined by the market.\u00a0 One that an experienced trader can help you to understand.\u00a0 One where I as a trading coach help you fill that gap between what you think is expected and what really is demanded by Mother Market.<\/p>\n<p>For more on this anecdote from our prop desk, watch the video below.<\/p>\n<p>*no relevant positions<\/p>\n<p><iframe loading=\"lazy\" class=\"wistia_embed\" src=\"\/\/fast.wistia.net\/embed\/iframe\/tf50td1eq7\" name=\"wistia_embed\" width=\"600\" height=\"338\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><script src=\"\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async=\"\"><\/script><\/p>\n<p>And I ask: where have you fallen short of the market&#8217;s demands in the past?<\/p>\n<p><a href=\"https:\/\/tradingworkshop.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-42831\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\" alt=\"tradingworkshop\" width=\"600\" height=\"300\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Often new traders think they are prepared to trade when they aren&#8217;t.\u00a0 They think they have done the sufficient preparation to trade and the market truth is that they haven&#8217;t. Traders who we have trained from scratch to consistently profitable have always met the market definition of prepared.\u00a0 Those who have underperformed have met their definition of prepared but not &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/an-anecdote-from-the-prop-desk-the-unprepared-trader\" class=\"more-link\">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":[4416,1252,4417,1188,1251,55,1193,653,4418],"class_list":["post-40735","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-anecdote","tag-desk","tag-market-preparation","tag-prepared","tag-prop","tag-trade","tag-trader-education","tag-trader-training","tag-trading-preparation","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An anecdote from the prop desk: The unprepared trader | 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\/an-anecdote-from-the-prop-desk-the-unprepared-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An anecdote from the prop desk: The unprepared trader | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Often new traders think they are prepared to trade when they aren&#8217;t.\u00a0 They think they have done the sufficient preparation to trade and the market truth is that they haven&#8217;t. Traders who we have trained from scratch to consistently profitable have always met the market definition of prepared.\u00a0 Those who have underperformed have met their definition of prepared but not ... 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