{"id":43122,"date":"2016-02-10T10:56:20","date_gmt":"2016-02-10T15:56:20","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=43122"},"modified":"2023-04-27T06:17:48","modified_gmt":"2023-04-27T10:17:48","slug":"why-this-trader-got-sent-home","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/why-this-trader-got-sent-home","title":{"rendered":"Why this trader got sent home"},"content":{"rendered":"<figure class=\"tmblr-full\" data-orig-height=\"1365\" data-orig-width=\"2048\"><img decoding=\"async\" data-orig-height=\"1365\" data-orig-width=\"2048\" alt=\"image\" src=\"https:\/\/41.media.tumblr.com\/f377a8025ad3e4ba895b434e6a7066b4\/tumblr_inline_o2cafnUw881slheli_540.jpg\"\/><\/figure>\n<p>Yesterday we sent home a trader.<\/p>\n<p>Why?<\/p>\n<p>To cement a <i>small win<\/i> from him which he can build.<\/p>\n<p>The trader is just passing over his Year1 mark into Year2.&nbsp; This is the year where there are PnL expectations.&nbsp; At our firm our data suggests most traders experience significant improvement in Year2.&nbsp; Yesterday he was having one of his best days.&nbsp; And this after starting firmly positive and putting together a solid month.<\/p>\n<p>It is important to put points on the board, or said another way PnL.&nbsp; You have to have success to have larger success.&nbsp; Back in the day, we used to say: <i>Lock it in!&nbsp; <\/i><\/p>\n<p>Our floor manager told the trader if he gave back about 25 percent of his profits for the day, we were going to shut him down and lock in a solid day.&nbsp; He did give back some.&nbsp; We did lock in his day.&nbsp; We did tell him to go home and enjoy the rest of the day with his kids AND&#8230;&#8230;journal journal journal.<\/p>\n<p>Journal the best practices that prepared him for this day.&nbsp; Journal the variables of the setups with trading edge.&nbsp; <\/p>\n<p>Savor the train ride home replaying the best day.&nbsp; Tell your wife about it.&nbsp; Let the others on the floor see it.&nbsp; Start to think of yourself as a profitable trader now trying to be more profitable as opposed to a trader just trying to be profitable.<\/p>\n<p>Trading is a journey.&nbsp; Locking in the small wins is an important step along the way.<\/p>\n<p><b>Related Posts<\/b><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/a-path-to-profitability\">A path to profitability<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/from-here-you-can-become-a-really-good-trader\">From here you can become a really good trader<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-improve-my-trading-confidence\">How do I improve my trading confidence<\/a><\/p>\n<p>*no relevant positions<\/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>Yesterday we sent home a trader. Why? To cement a small win from him which he can build. The trader is just passing over his Year1 mark into Year2.&nbsp; This is the year where there are PnL expectations.&nbsp; At our firm our data suggests most traders experience significant improvement in Year2.&nbsp; Yesterday he was having one of his best days.&nbsp; &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/why-this-trader-got-sent-home\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2487,144],"class_list":["post-43122","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-home","tag-trader","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>Why this trader got sent home | 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-this-trader-got-sent-home\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why this trader got sent home | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Yesterday we sent home a trader. Why? To cement a small win from him which he can build. The trader is just passing over his Year1 mark into Year2.&nbsp; This is the year where there are PnL expectations.&nbsp; At our firm our data suggests most traders experience significant improvement in Year2.&nbsp; Yesterday he was having one of his best days.&nbsp; ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/why-this-trader-got-sent-home\" \/>\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=\"2016-02-10T15:56:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T10:17:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/41.media.tumblr.com\/f377a8025ad3e4ba895b434e6a7066b4\/tumblr_inline_o2cafnUw881slheli_540.jpg\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\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=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading 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