{"id":44345,"date":"2016-09-23T10:51:17","date_gmt":"2016-09-23T14:51:17","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=44345"},"modified":"2023-05-23T16:39:30","modified_gmt":"2023-05-23T20:39:30","slug":"why-i-didnt-trade-today","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/why-i-didnt-trade-today","title":{"rendered":"Why I didn’t trade today"},"content":{"rendered":"

I didn’t trade this morning.\u00a0 I had ever intention to do so when I left the office last night.\u00a0 I like the opportunity in FB TWTR SRPT SPY IWM for today’s trading session.\u00a0 So this was not a decision of a lack of trading opportunity.\u00a0 I, personally, was not in an optimal state to trade.\u00a0 And therefor, I benched myself.<\/p>\n

First, for those of you who have children, you might empathize with this next anecdote.\u00a0 Three times last night, while in a dead sleep, my son approached my bed, leaned directly into my right ear and said, “DAD………”.\u00a0 There were different iterations of what followed after DAD!,<\/em> but each awoke me from a deep slumber.\u00a0 The fourth time he entered our bedroom he got my wife, and then caused a stir waking his sister.\u00a0 That set off a whole new round of sleeplessness.<\/p>\n

Second, the night before Merritt and I traveled to Stamford for dinner with a former Hedge Fund trader, firm trader, Dr. Steenbarger.\u00a0 It was a great time.\u00a0 We got back very late back in NYC \ud83d\ude42\u00a0 So I started last night needing to catch up on some sleep.<\/p>\n

Further, I had a very bad night of eating.\u00a0 I got into some foods that do no lend themselves to moderation.\u00a0 I know my performance wanes when I am not feeling optimally fit.<\/p>\n

Finally, a European trader just starting to have success reached out to ask a trading question.\u00a0 He was finally positive on his balance sheet, yet experiencing hesitation pulling the trigger with some trades.\u00a0 And we were exchanging ideas as to why this was so.\u00a0 I shared with him what holds me back:<\/p>\n

\n
\n
For example, I need to be very prepared to be successful.<\/div>\n

I need to feel like I am better prepared than anyone else.<\/p><\/blockquote>\n<\/div>\n

\n
I need to feel very comfortable that I have put the work in and deserve to succeed.<\/div>\n<\/blockquote>\n
I<\/em> did not feel prepared to trade this AM session.<\/div>\n
<\/div>\n
Why I sat out today is not important.\u00a0 It is that there are days you should sit out of markets.\u00a0 You should know what makes you trade with edge.\u00a0 And the times where it is unlikely you will.\u00a0 Today was one such morning.\u00a0 So I benched myself.<\/div>\n
<\/div>\n
<\/div>\n
Related posts<\/strong><\/div>\n
Here is a trade I do not make anymore<\/a><\/div>\n
Do you fail as a trader of just learn it is not your passion?<\/a><\/div>\n
<\/div>\n
<\/div>\n
*no relevant positions<\/div>\n","protected":false},"excerpt":{"rendered":"

I didn’t trade this morning.\u00a0 I had ever intention to do so when I left the office last night.\u00a0 I like the opportunity in FB TWTR SRPT SPY IWM for today’s trading session.\u00a0 So this was not a decision of a lack of trading opportunity.\u00a0 I, personally, was not in an optimal state to trade.\u00a0 And therefor, I benched myself. … 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":[4674,30,1718,653,1354,5151,1349,5094],"class_list":["post-44345","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-one-good-trade","tag-prop-trading","tag-the-playbook","tag-trader-training","tag-trading-coach","tag-trading-firm-smb-capital","tag-trading-mentor","tag-trading-success","no-post-thumbnail"],"yoast_head":"\nWhy I didn't trade today | 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-i-didnt-trade-today\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why I didn't trade today | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I didn’t trade this morning.\u00a0 I had ever intention to do so when I left the office last night.\u00a0 I like the opportunity in FB TWTR SRPT SPY IWM for today’s trading session.\u00a0 So this was not a decision of a lack of trading opportunity.\u00a0 I, personally, was not in an optimal state to trade.\u00a0 And therefor, I benched myself. ... 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