{"id":42393,"date":"2015-10-09T09:30:43","date_gmt":"2015-10-09T13:30:43","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=42393"},"modified":"2023-08-03T22:33:45","modified_gmt":"2023-08-04T02:33:45","slug":"pace-university-lecture","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/pace-university-lecture","title":{"rendered":"2 Trading Lessons from Our Lecture at Pace University"},"content":{"rendered":"<p class=\"p1\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/41.media.tumblr.com\/5dd911b93cddc91b117b5d829ee9db14\/tumblr_inline_nvymilXoG31slheli_500.jpg\" alt=\"image\" width=\"600\" height=\"270\" data-orig-height=\"619\" data-orig-width=\"1376\" \/><\/p>\n<p class=\"p1\">I visited Pace University for a guest lecture hoping to teach aspiring traders and finance types what is really important to succeed in our game.\u00a0 There are two takeaways to share.<\/p>\n<p>Trading is not what most people think.\u00a0 Too many are inundated with misinformation about what it really takes to be a great trader.\u00a0 The Financial Media Entertainment Complex starring CNBC, Fox Business, and the like propagate misconceptions about trading to the detriment of the trading\/investing community.\u00a0 People like me have to unteach aspiring new traders these misconceptions.<\/p>\n<ul>\n<li>Your opinion where $AAPL will trade is not that important.<\/li>\n<li>You don\u2019t have to trade 100k share positions in SPY to make real money.<\/li>\n<li>And of course, traders don\u2019t wear suits like you see from the talking heads on TV.<\/li>\n<\/ul>\n<p>So one goal of mine when I visit a university is debunk the myths about trading. I did so during my recent visit to Pace.\u00a0 How?<\/p>\n<p>I asked students: What is most important to be successful as a trader? The responses were great, with some filled with misinformation learned from the bandits above.<\/p>\n<p>Let\u2019s correct the record on two issues:<\/p>\n<ol>\n<li>It is not true that all great traders must have conviction with their trade ideas.<\/li>\n<li>It is not true that controlling your emotions is always best as a trader.<\/li>\n<\/ol>\n<p>In this video, I explain why.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/2R1x19GXCKo\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br \/>\n* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I visited Pace University for a guest lecture hoping to teach aspiring traders and finance types what is really important to succeed in our game.\u00a0 There are two takeaways to share. Trading is not what most people think.\u00a0 Too many are inundated with misinformation about what it really takes to be a great trader.\u00a0 The Financial Media Entertainment Complex starring &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/pace-university-lecture\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":42399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4189,1],"tags":[4743,4670,3841,1771,3842],"class_list":["post-42393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-free-daily-trading-video","category-general-comments-2","tag-controlling-emotions","tag-lecture","tag-pace","tag-trading-confidence","tag-university"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2 Trading Lessons from Our Lecture at Pace University | 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\/pace-university-lecture\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2 Trading Lessons from Our Lecture at Pace University | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I visited Pace University for a guest lecture hoping to teach aspiring traders and finance types what is really important to succeed in our game.\u00a0 There are two takeaways to share. Trading is not what most people think.\u00a0 Too many are inundated with misinformation about what it really takes to be a great trader.\u00a0 The Financial Media Entertainment Complex starring ... 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