{"id":44992,"date":"2017-02-09T15:12:16","date_gmt":"2017-02-09T20:12:16","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=44992"},"modified":"2017-02-09T15:12:16","modified_gmt":"2017-02-09T20:12:16","slug":"a-loud-coaching-session-on-the-desk","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-loud-coaching-session-on-the-desk","title":{"rendered":"A loud coaching session on the desk"},"content":{"rendered":"

<\/p>\n

Yesterday we had a loud, unscheduled coaching session with the newest traders on our desk. \u00a0There were raised voices and language not suitable for network TV.<\/p>\n

By my count this was the third time these newest traders did not meet an acceptable level of AM preparation. \u00a0I am not suggesting they did not prepare. \u00a0I am not suggesting they did not compile many trading ideas on our AM Ideas sheet. \u00a0I am suggesting they missed a few trading opportunities that they should not have because it was not on their AM Ideas sheet.<\/p>\n

One trader carped about a missed 2nd Day play in KORS. \u00a0What are you complaining about in real-time for missing this trade? \u00a0You weren’t prepared before the open. \u00a0 That is what happens.<\/p>\n

Another muttered about a missed downmove in the “best stock of the day”. \u00a0What are you muttering about? \u00a0Only one trader of our newest traders had indentified this idea in our AM Idea sheet. \u00a0 The mutterer wasn’t one of them.<\/p>\n

Look I love our guys and they work very hard, but sometimes that is not enough \u00a0 You have to work hard and smart and are judged on whether you are truly prepared. \u00a0This isn’t a game where we sit around holding hands and toast marshmallows together. \u00a0It’s not a summer camp. \u00a0It’s a performance sport, where there are no excuses.<\/p>\n

The stone cold truth is if you are not prepared that is unacceptable. \u00a0You might accept underperformance and a slower than expected learning curve. \u00a0Some of that you cannot control. \u00a0But you can control being prepared.<\/p>\n

And in this game the bare minimum is exceling at all the things you can control.<\/p>\n

What cracks me up the most, what I find hysterical, are the looks from a few of the newest trading addicted traders, annoyed at this impromptu coaching session. \u00a0As if they are gonna miss their career trading opportunity with one chat. \u00a0If you are not prepared, then the only thing you are missing is the opportunity to make more trades unprepared.<\/p>\n

This is not the first loud coaching session in firm history. \u00a0 We have had them with all the classes holding our most successful traders. \u00a0It will not be our last. \u00a0We will hold them with all the classes encompassing the next great traders developed at our firm. \u00a0 It’s a right of passage you might say. \u00a0 But it’s one that must get cleaned up immediately if you want to succeed as a trader.<\/p>\n

Related posts<\/b><\/p>\n

A solution to improve your patience as a trader<\/a><\/p>\n

We are all working on this on the desk as well<\/a><\/p>\n

Taking your trading to the next level<\/a><\/p>\n

*no relevant positions<\/p>\n

 <\/p>\n

 <\/p>\n

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

Yesterday we had a loud, unscheduled coaching session with the newest traders on our desk. \u00a0There were raised voices and language not suitable for network TV. By my count this was the third time these newest traders did not meet an acceptable level of AM preparation. \u00a0I am not suggesting they did not prepare. \u00a0I am not suggesting they did … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":43650,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4676,653,1354,1989,1349],"class_list":["post-44992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-day-trading","tag-trader-training","tag-trading-coach","tag-trading-course","tag-trading-mentor"],"yoast_head":"\nA loud coaching session on the desk | 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-loud-coaching-session-on-the-desk\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A loud coaching session on the desk | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Yesterday we had a loud, unscheduled coaching session with the newest traders on our desk. \u00a0There were raised voices and language not suitable for network TV. 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