{"id":42871,"date":"2015-12-18T12:24:07","date_gmt":"2015-12-18T17:24:07","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=42871"},"modified":"2015-12-18T12:38:15","modified_gmt":"2015-12-18T17:38:15","slug":"why-smart-and-successful-people-fail-at-trading","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/why-smart-and-successful-people-fail-at-trading","title":{"rendered":"Why Smart and Successful People Fail at Trading"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">SMB trains traders from all around the world. And we\u2019ve discovered something interesting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019ve learned that there is a very low correlation between past success and success at trading. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ivy League graduates and successful entrepreneurs alike often struggle with their trading despite past successes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A common misconception among these intelligent traders is that they believe they will succeed at trading the same way they succeeded at everything else. With willpower. Students are taught to get every answer right. And entrepreneurs are taught to never give up. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">These are valuable ideas in school and business. But when applied incorrectly to trading, it can backfire. Some of the best traders on SMB&#8217;s desk are right only slightly more than half of the time. <\/span><span style=\"font-weight: 400;\">In school, that would be a failing grade. But in trading, it\u2019s more important to take small losses than it is to score a 100%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You could have a 90% success rate and fail if your don\u2019t know how to deal with the handful of trades that are wrong.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you need to change your mentality about being \u201cright\u201d in the market, then you may benefit by following those who think the way that you need to start thinking.<\/span><\/p>\n<p><a href=\"http:\/\/smbu.com\/premium\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-42776 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/11\/joinpremium.gif\" alt=\"joinpremium\" width=\"600\" height=\"300\" \/><\/a><\/p>\n<p>no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SMB trains traders from all around the world. And we\u2019ve discovered something interesting. We\u2019ve learned that there is a very low correlation between past success and success at trading. Ivy League graduates and successful entrepreneurs alike often struggle with their trading despite past successes. A common misconception among these intelligent traders is that they believe they will succeed at trading &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/why-smart-and-successful-people-fail-at-trading\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1039,"featured_media":42410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[456],"tags":[4810,38],"class_list":["post-42871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trader_development","tag-educator","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Smart and Successful People Fail at Trading | 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\/why-smart-and-successful-people-fail-at-trading\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Smart and Successful People Fail at Trading | SMB Training\" \/>\n<meta property=\"og:description\" content=\"SMB trains traders from all around the world. And we\u2019ve discovered something interesting. We\u2019ve learned that there is a very low correlation between past success and success at trading. Ivy League graduates and successful entrepreneurs alike often struggle with their trading despite past successes. A common misconception among these intelligent traders is that they believe they will succeed at trading ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/why-smart-and-successful-people-fail-at-trading\" \/>\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=\"2015-12-18T17:24:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-12-18T17:38:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/10\/andrew-trading.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"534\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andrew Falde\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andrew Falde\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-smart-and-successful-people-fail-at-trading#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-smart-and-successful-people-fail-at-trading\"},\"author\":{\"name\":\"Andrew Falde\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/cf351af6828c3fc8f9d9067daef8b764\"},\"headline\":\"Why Smart and Successful People Fail at 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