{"id":43378,"date":"2016-03-21T12:21:51","date_gmt":"2016-03-21T16:21:51","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=43378"},"modified":"2016-03-24T16:37:20","modified_gmt":"2016-03-24T20:37:20","slug":"my-trading-is-garbage","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/my-trading-is-garbage","title":{"rendered":"My trading is &#8220;garbage&#8221;"},"content":{"rendered":"<p><script src=\"\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async=\"\" charset=\"ISO-8859-1\"><\/script><\/p>\n<div class=\"wistia_embed wistia_async_1v8s2pw7yw\" style=\"height: 338px; width: 600px;\"><\/div>\n<blockquote><p>Hey Mike<\/p>\n<p>Couple of things&#8230;.I&#8217;m reading my way through <i>The PlayBook<\/i> and felt I should send this GIF along&#8230;. Don&#8217;t know if I should laugh or cry at the garbage I trade. \u00a0Again, my background over the years was to make $ trading the crap. \u00a0its where I had an edge&#8230;.. Obviously I no longer want to trade this way, hence reaching out to you&#8230;.the only good trade was LXU.\u00a0 In-play. \u00a0and never had enough size nor conviction. \u00a0Oh well, there&#8217;s always Monday.<\/p>\n<p>I grinded all day Friday for (a nice profit).<\/p><\/blockquote>\n<p><b><a href=\"https:\/\/tmblr.co\/mlpl7QZiO2QRmFxnpYWvaEg\">@mikebellafiore<\/a><\/b><\/p>\n<p>I received this note from a veteran trader in Toronto.\u00a0 I wanted to share it with the trading community because it offers a <i>vital <\/i>trading lesson.<\/p>\n<p>Don\u2019t ever feel like your trading strategy that you trade with edge is \u201cgarbage\u201d.\u00a0 It is gold.\u00a0 There are no proper ways to make money in trading.\u00a0 There are no ways undeserving (assuming you are not violating laws).<\/p>\n<p>I wrote about this in <i>One Good Trade<\/i>.\u00a0 If you receive a check trading in the market, and you take that check to the bank, they will cash it.\u00a0 They do not ask what trading style you used to make it.\u00a0 They do not say, <i>\u201cOh I am sorry the stocks you traded are not worthy<\/i>.\u201d<\/p>\n<p>If there is a way you are trading with edge in the market, be proud of it.\u00a0 Embrace it.\u00a0 Do more of it.\u00a0 Do more of it larger.<\/p>\n<p>Let the Financial Media Entertainment Complex pass hours and hours of mythology about how you are supposed to make money.\u00a0 Maybe they can ask Ackman to come back on and tell us more about his\u00a0\u201cconviction\u201d in VRX.\u00a0 You just keep making money by doing what you do well.<\/p>\n<p>There I said it.<\/p>\n<p>Back to scalping this VRX for me.<\/p>\n<p>*no relevant positions<\/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>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hey Mike Couple of things&#8230;.I&#8217;m reading my way through The PlayBook and felt I should send this GIF along&#8230;. Don&#8217;t know if I should laugh or cry at the garbage I trade. \u00a0Again, my background over the years was to make $ trading the crap. \u00a0its where I had an edge&#8230;.. Obviously I no longer want to trade this way, &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/my-trading-is-garbage\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":43380,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4912,38],"class_list":["post-43378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-garbage","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>My trading is &quot;garbage&quot; | 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\/my-trading-is-garbage\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"My trading is &quot;garbage&quot; | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Hey Mike Couple of things&#8230;.I&#8217;m reading my way through The PlayBook and felt I should send this GIF along&#8230;. Don&#8217;t know if I should laugh or cry at the garbage I trade. \u00a0Again, my background over the years was to make $ trading the crap. \u00a0its where I had an edge&#8230;.. Obviously I no longer want to trade this way, ... 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