{"id":42168,"date":"2015-09-12T17:35:43","date_gmt":"2015-09-12T21:35:43","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=42168"},"modified":"2023-05-24T09:22:51","modified_gmt":"2023-05-24T13:22:51","slug":"30-trading-habits-in-30-days-trader-development","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-trader-development","title":{"rendered":"30 Trading Habits in 30 days: Trader Development"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-42169\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/09\/30habits.jpg\" alt=\"30habits\" width=\"345\" height=\"345\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/09\/30habits.jpg 500w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/09\/30habits-150x150.jpg 150w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/09\/30habits-300x300.jpg 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/09\/30habits-45x45.jpg 45w\" sizes=\"auto, (max-width: 345px) 100vw, 345px\" \/><\/p>\n<p>Trading habit #1 was <a href=\"http:\/\/mikebellafiore.tumblr.com\/post\/128785014602\/30-trading-habits-in-30-days\" data-rapid_p=\"23\">The PlayBook<\/a>.<\/p>\n<p>Trading habit #2 was to create a<a href=\"http:\/\/mikebellafiore.tumblr.com\/post\/128860532602\/30-trading-habits-in-30-days-the-road-map\" data-rapid_p=\"24\"> Road Map<\/a>.<\/p>\n<p>Trading habit #3 is Trader Development.<\/p>\n<p>What do we mean by trader development?<\/p>\n<p>Each day we hold a series of mentoring meetings for our developing traders in our proprietary trading firm\u2019s training room in NYC.\u00a0 Trader Development is one of these sessions.\u00a0 And we hold this mentoring session right after the opening trading session at 11AM EST.<\/p>\n<p>During this mentoring session we review stock selection and the best trades from the open.\u00a0 Sometimes I just give a 20 minute talk on a trading topic I feel would be helpful to these young traders based on my observation of their trading, trade reviews and chats with them.\u00a0 We had such a session yesterday with feedback at a lunch with three of our traders that these straight-talks can bring an epiphany. But the point is for 20 minutes right after the trading open, there is a period of learning and teaching so new traders progress.<\/p>\n<p>We don\u2019t skip days.<\/p>\n<p>Traders are expected to be present and listen.<\/p>\n<p>Questions are encouraged.<\/p>\n<p>We raise our voices sometimes if they are underperforming in areas they can control like effort and preparation and focus.<\/p>\n<p>Sometimes we never make it to talking about markets but start and finish with ideas on elite performance.<\/p>\n<p>Of late we say things like:<\/p>\n<ul>\n<li>it\u2019s okay to trade VXX UVXY SPY and AAPL with an elevated VIX.<\/li>\n<li>Tim what stock could you not afford to miss this open?<\/li>\n<li>What was the best trade from the open?<\/li>\n<li>Set alerts for great shorts and longs guys.<\/li>\n<li>Here\u2019s why I was in that $GPRO short and the pattern that works.<\/li>\n<li>Deep breathing is a habit to develop.<\/li>\n<\/ul>\n<p>It\u2019s 20 minutes of learning.<\/p>\n<p>It\u2019s 20 minutes everyday so they improve.<\/p>\n<p>It\u2019s a habit to improve trader performance on our desk.<\/p>\n<p><b>Related posts<\/b><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/this-trader-is-ready-to-trade-live\" data-rapid_p=\"25\">This Trader is Ready to Trade<br \/>\n<\/a><a href=\"http:\/\/www.smbtraining.com\/blog\/7-steps-to-building-trading-edge\" data-rapid_p=\"26\"><br \/>\n7 Steps to Building Trading Edge<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/how-do-i-start-trading\" data-rapid_p=\"27\">How Do I Start Trading?<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>*no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading habit #1 was The PlayBook. Trading habit #2 was to create a Road Map. Trading habit #3 is Trader Development. What do we mean by trader development? Each day we hold a series of mentoring meetings for our developing traders in our proprietary trading firm\u2019s training room in NYC.\u00a0 Trader Development is one of these sessions.\u00a0 And we hold &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-trader-development\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":42169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4625],"tags":[689,2097,3518,1876,38],"class_list":["post-42168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-30-trading-habits-in-30-days","tag-689","tag-days","tag-habits","tag-trader-development","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>30 Trading Habits in 30 days: Trader Development | 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\/30-trading-habits-in-30-days-trader-development\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"30 Trading Habits in 30 days: Trader Development | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Trading habit #1 was The PlayBook. Trading habit #2 was to create a Road Map. Trading habit #3 is Trader Development. What do we mean by trader development? Each day we hold a series of mentoring meetings for our developing traders in our proprietary trading firm\u2019s training room in NYC.\u00a0 Trader Development is one of these sessions.\u00a0 And we hold ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-trader-development\" \/>\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=\"2015-09-12T21:35:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-24T13:22:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/09\/30habits.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\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\" 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