{"id":44987,"date":"2017-02-08T17:59:33","date_gmt":"2017-02-08T22:59:33","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=44987"},"modified":"2017-02-08T17:59:33","modified_gmt":"2017-02-08T22:59:33","slug":"a-solution-to-improve-your-patience-as-a-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-solution-to-improve-your-patience-as-a-trader","title":{"rendered":"A solution to improve your patience as a trader"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-44988 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/02\/BrettSteenbarger.jpg\" width=\"350\" height=\"350\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/02\/BrettSteenbarger.jpg 350w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/02\/BrettSteenbarger-150x150.jpg 150w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/02\/BrettSteenbarger-300x300.jpg 300w\" sizes=\"auto, (max-width: 350px) 100vw, 350px\" \/><\/p>\n<p>Dr. Brett Steenbarger, <a href=\"http:\/\/traderfeed.blogspot.com\/\">the Coach K of trading coaches<\/a>, generously visited our firm today and spoke with our traders. \u00a0I asked him to tackle four issues during his discussion:<\/p>\n<ul>\n<li>I want to take my trading to the next level<\/li>\n<li>If I could just wait for my setups<\/li>\n<li>If I could just stop taking lesser trades<\/li>\n<li>Define the competitive trader<\/li>\n<\/ul>\n<p>I wrote about the first three issues in my blog post yesterday, <a href=\"http:\/\/www.smbtraining.com\/blog\/we-are-all-working-on-that-on-our-trading-desk-as-well\"><em>We are all working on that on our trading desk as well<\/em><\/a>.<\/p>\n<p>But when you have the Coach K of trading coaches grace your firm, you ask him to share his thoughts on these vexing trading issues.<\/p>\n<p>The discussion was fascinating, with pages of note-taking. \u00a0Of particular note, was a question from a Junior Trader working to be more patient with his trading- more selective.<\/p>\n<p>How can I be more patient as a trader?<\/p>\n<p>I spoke up and shared for the Junior Trader to develop a plan to conquer this issue with work before and after markets. That the trader&#8217;s success overcoming this real-time issue would be the culmination of the excellent work before and after market hours. \u00a0From my seat, traders stress way too much about real-time willpower and trade decisions and miss that all of that is just the result of the excellent work before and after markets.<\/p>\n<p>I posited some specific ideas to improve patience in real-time:<\/p>\n<ol>\n<li>Visualization<\/li>\n<li>Filters alerting you to your best setups<\/li>\n<li>Talk to other traders about your finest moments trading<\/li>\n<li>PlayBook your best setups<\/li>\n<li>Create a roadmap before the open of your best opportunities<\/li>\n<\/ol>\n<p>Dr. Steenbarger brainstormed a real-time trader exercise as a solution. \u00a0He challenged the traders to research their median trades per day, then divide by two, and then take no more than that number of trades each day until they become consistent. \u00a0Create artificial boundaries to trade less so you trade more consistently.<\/p>\n<p>Trading more patiently is not hopeless for you. \u00a0It requires ideas to solve the problem and sticking to your improvement plan. \u00a0It&#8217;s not your willpower in real-time holding you back. \u00a0It&#8217;s the solutions waiting for you to design not yet incorporated into your trading.<\/p>\n<p>Huge thank you to Dr. Steenbarger for his time, ideas and trader chat!<\/p>\n<p><strong>Related posts<\/strong><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/we-are-all-working-on-that-on-our-trading-desk-as-well\">We are all working on that on our trading desk as well<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/its-never-just-patience\">It&#8217;s never just patience<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/patience-pays-mcp\">Patience pays<\/a><\/p>\n<p>*no relevant positions<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><\/h2>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dr. Brett Steenbarger, the Coach K of trading coaches, generously visited our firm today and spoke with our traders. \u00a0I asked him to tackle four issues during his discussion: I want to take my trading to the next level If I could just wait for my setups If I could just stop taking lesser trades Define the competitive trader I &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/a-solution-to-improve-your-patience-as-a-trader\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":44988,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4676,75,30,1193,653,1354,1349],"class_list":["post-44987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-day-trading","tag-dr-steenbarger","tag-prop-trading","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A solution to improve your patience as a trader | 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\/a-solution-to-improve-your-patience-as-a-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A solution to improve your patience as a trader | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Dr. Brett Steenbarger, the Coach K of trading coaches, generously visited our firm today and spoke with our traders. \u00a0I asked him to tackle four issues during his discussion: I want to take my trading to the next level If I could just wait for my setups If I could just stop taking lesser trades Define the competitive trader I ... 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