{"id":43554,"date":"2016-05-06T12:17:28","date_gmt":"2016-05-06T16:17:28","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=43554"},"modified":"2016-05-06T16:39:57","modified_gmt":"2016-05-06T20:39:57","slug":"how-to-shut-up-the-risk-manager","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-to-shut-up-the-risk-manager","title":{"rendered":"How to shut up the risk manager"},"content":{"rendered":"<p><script charset=\"ISO-8859-1\" src=\"\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_embed wistia_async_00wwdnth7p\" style=\"height:338px;width:601px\">&nbsp;<\/div>\n<p>We had a meeting with a Year2 trader after the close and he did something you ought to be able to do.\u00a0 Let\u2019s call this prop trader Frequent Flyer.<\/p>\n<p>Frequent Flyer has fallen in love with a strategy, that between us, I don\u2019t love.\u00a0 As a directional discretionary trader this strategy doesn\u2019t feel like real trading to me.\u00a0 It\u2019s an effective and wildly profitable strategy for some.\u00a0 And trading is more about finding what works for you and not what others, including me, deem \u201creal trading\u201d.\u00a0 So I put my personal and perhaps wrong-headed bias aside, as best I can, and listen.<\/p>\n<p>Frequent Flyer wants to trade this strategy more often and bigger.\u00a0 I am not feeling well on this particular day, some bad chicken at a mexican joint not named Chipotle, and the direction of this review is making my stomach pang worse.\u00a0 I want to say, \u201cThis is not real trading.\u00a0 And one day this trade is not going to work and then what are you going to do?\u201d<\/p>\n<p>But I keep my mouth shut, which in this case turns out to be my most important contribution to the review.<\/p>\n<p>Then Frequent Flyer does something that grabs my attention and eviscerates any queasiness about him trading this strategy and trading it bigger.\u00a0 He does something that you can\u2019t but agree that he should trade this strategy more often and bigger.<\/p>\n<p>Frequent Flyer takes out his laptop and splendors a year\u2019s worth of data on this strategy, crunched from the SMBU Performance Center, powered by Tradervue.\u00a0 There is nothing but gains when he trades this strategy.\u00a0 For a year.\u00a0 And with very little drawdowns.<\/p>\n<p>What Frequent Flyer hears from his two managers is, \u201cGreat job understanding your strengths.\u00a0 And trade that strategy bigger.\u201d\u00a0 Case closed, in favor of Frequent Flyer.<\/p>\n<p>For the developing trader, retail trader, new trader and even experienced trader, I ask: Can you present data like Frequent Flyer to support risk on with your best setups?<\/p>\n<p>Because you should.<\/p>\n<p>*no relevant positions<\/p>\n<p><strong>Related posts<\/strong><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/risk-management-for-new-traders\">Risk management for new traders<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/more-risk-doesnt-always-mean-more-reward\">More risk doesn&#8217;t mean more reward<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/ask-anything-a-system-to-increase-your-trading-risk\">A system to increase your risk<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/smbu.com\/winning\" rel=\"attachment wp-att-43539\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-43539\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/04\/winningtrader.jpg\" alt=\"winningtrader\" width=\"600\" height=\"297\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/04\/winningtrader.jpg 600w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/04\/winningtrader-300x149.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; We had a meeting with a Year2 trader after the close and he did something you ought to be able to do.\u00a0 Let\u2019s call this prop trader Frequent Flyer. Frequent Flyer has fallen in love with a strategy, that between us, I don\u2019t love.\u00a0 As a directional discretionary trader this strategy doesn\u2019t feel like real trading to me.\u00a0 It\u2019s &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/how-to-shut-up-the-risk-manager\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":43555,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2319,188,4963],"class_list":["post-43554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-manager","tag-risk","tag-shut"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to shut up the risk manager | 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\/how-to-shut-up-the-risk-manager\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to shut up the risk manager | SMB Training\" \/>\n<meta property=\"og:description\" content=\"&nbsp; We had a meeting with a Year2 trader after the close and he did something you ought to be able to do.\u00a0 Let\u2019s call this prop trader Frequent Flyer. Frequent Flyer has fallen in love with a strategy, that between us, I don\u2019t love.\u00a0 As a directional discretionary trader this strategy doesn\u2019t feel like real trading to me.\u00a0 It\u2019s ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/how-to-shut-up-the-risk-manager\" \/>\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=\"2016-05-06T16:17:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-05-06T20:39:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/05\/dang.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"953\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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 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