{"id":43547,"date":"2016-05-05T11:06:09","date_gmt":"2016-05-05T15:06:09","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=43547"},"modified":"2023-04-11T16:01:40","modified_gmt":"2023-04-11T20:01:40","slug":"an-idea-that-is-helping-traders","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/an-idea-that-is-helping-traders","title":{"rendered":"An idea that is helping traders"},"content":{"rendered":"

During our monthly trader reviews this week one best practice repeated 3xs as helpful to traders.\u00a0 Get up and take a walk when you are angry.<\/p>\n

I remember when I first started trading, watching and hearing traders bang and cuss as if at a NY Rangers game.\u00a0 I remember thinking that is so unprofessiona<\/i>l.\u00a0 And then I started trading (insert laugh track).<\/p>\n

We have evolved on prop trading desks from hockey game banter but emotion still circles the seats of elite firm traders.\u00a0 This is not\u00a0 Shangri-La.\u00a0 Traders are not the Dalai Lama.\u00a0 And I am sure some traders would like to see his reaction after pissing away 30k on a trade.<\/p>\n

So we deal with real emotions of real traders taking real losses in real-time.\u00a0 And a best practice working this month is to get up and take a walk for 10-15 minutes when you sense anger.\u00a0 And then come back in a calmer state to make better trading decisions.<\/p>\n

One trader visualized getting up from his seat when he felt tilt coming.\u00a0 He visualized feeling those feelings, he saw himself lifting his body from his seat and taking a few laps around the block in our Midtown East locale.\u00a0 I failed to ask where this trader unearthed this idea, though I suspect it is from Dr. Steenbarger\u2019s work<\/a>.\u00a0 For his trading he recognized a pattern when he started to boil over.\u00a0 Usually worse trading followed and losses dipped deeper.<\/p>\n

A new trader employed the same technique to success.<\/p>\n

A developing trader as well, noting this as the biggest reason for his breakout month.<\/p>\n

Would it kill you to get up, take a walk and buy some Starbucks when you are not seeing the screens well?<\/p>\n

That is what we are seeing on our prop desk this month.\u00a0 Perhaps this is a best practice to set as a goal for your trading this month.<\/p>\n

*no relevant positions<\/p>\n

\"winningtrader\"<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

During our monthly trader reviews this week one best practice repeated 3xs as helpful to traders.\u00a0 Get up and take a walk when you are angry. I remember when I first started trading, watching and hearing traders bang and cuss as if at a NY Rangers game.\u00a0 I remember thinking that is so unprofessional.\u00a0 And then I started trading (insert … 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":[4962,422,276],"class_list":["post-43547","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-helping","tag-idea","tag-traders","no-post-thumbnail"],"yoast_head":"\nAn idea that is helping traders | 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\/an-idea-that-is-helping-traders\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An idea that is helping traders | SMB Training\" \/>\n<meta property=\"og:description\" content=\"During our monthly trader reviews this week one best practice repeated 3xs as helpful to traders.\u00a0 Get up and take a walk when you are angry. 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