{"id":45275,"date":"2017-05-03T14:27:21","date_gmt":"2017-05-03T18:27:21","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=45275"},"modified":"2017-05-03T14:27:21","modified_gmt":"2017-05-03T18:27:21","slug":"5-trading-lessons-from-monthly-reviews","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/5-trading-lessons-from-monthly-reviews","title":{"rendered":"5 trading lessons from monthly reviews"},"content":{"rendered":"

\"\"<\/p>\n

At the end of each month, firm traders are encouraged to complete a monthly review of their trading. \u00a0While reading firm reviews for April, 5 lessons stood out. \u00a0Let’s discuss them.<\/p>\n

1.Don’t turn bad days into worse<\/strong><\/p>\n

One developing trader is working on limiting losses on his bad days. \u00a0The thought is every extra dollar not lost on his bad days is money he will earn at the end of month, as they take away from profits.<\/p>\n

2. Focus on the real trade<\/strong><\/p>\n

One newer trader takes a step back before each trade and understands the bigger picture of the stock. \u00a0Where has the stock come from? \u00a0Where can it trade to? \u00a0Where is the real trade? \u00a0As active traders, we can get enveloped with minutia, missing the bigger picture of the stock. \u00a0Take a step back and consider the real trade.<\/p>\n

3. Have the integrity to hold your winners<\/strong><\/p>\n

This trader, in discussion with Dr. Steenbarger, was struck by the importance of trading his core positions to target. \u00a0I have not heard of doing so in ethical<\/em> terms prior. \u00a0That feels like a very effective way to consider the cutting of your best trades early. \u00a0You owe it to yourself to hold your best trades to target (realistic target please), as this will give you deserved trading intel on how good you can be.<\/p>\n

4. Let process drive performance<\/strong><\/p>\n

Are you getting to bed on time? \u00a0Are you reviewing after the trading close? \u00a0Are you preparing as you should? \u00a0How about that mindfulness training- headspace.com? \u00a0It’s the things we do during each day to improve that bring return. \u00a0Double down on an A+ for process day.<\/p>\n

5. Technology, technology, technology<\/strong><\/p>\n

Filters to help you play more offense with your best trades. \u00a0Automated trading models to help you play more offense with your favorite setups. \u00a0Trading tools to help you make better trading decisions. \u00a0Use technology to help you make more.<\/p>\n

I will be talking about these ideas in more detail, in this webinar <\/a>after the close today.<\/p>\n

As always, I welcome your feedback and trading questions- mbellafiore@smbcap.com<\/p>\n

*no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

At the end of each month, firm traders are encouraged to complete a monthly review of their trading. \u00a0While reading firm reviews for April, 5 lessons stood out. \u00a0Let’s discuss them. 1.Don’t turn bad days into worse One developing trader is working on limiting losses on his bad days. \u00a0The thought is every extra dollar not lost on his bad … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":45276,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[50,653,1354,1989,5400,1349,1555],"class_list":["post-45275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-proprietary-trading","tag-trader-training","tag-trading-coach","tag-trading-course","tag-trading-firm-prop-trading","tag-trading-mentor","tag-trading-teacher"],"yoast_head":"\n5 trading lessons from monthly reviews | 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\/5-trading-lessons-from-monthly-reviews\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 trading lessons from monthly reviews | SMB Training\" \/>\n<meta property=\"og:description\" content=\"At the end of each month, firm traders are encouraged to complete a monthly review of their trading. \u00a0While reading firm reviews for April, 5 lessons stood out. \u00a0Let’s discuss them. 1.Don’t turn bad days into worse One developing trader is working on limiting losses on his bad days. \u00a0The thought is every extra dollar not lost on his bad ... 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