{"id":46475,"date":"2018-01-15T10:59:32","date_gmt":"2018-01-15T15:59:32","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=46475"},"modified":"2023-04-17T10:39:55","modified_gmt":"2023-04-17T14:39:55","slug":"what-worked-well-on-our-trading-desk-in-2017","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017","title":{"rendered":"What worked well on our trading desk in 2017"},"content":{"rendered":"

\"\"<\/p>\n

2017 was a very strong year for our trading desk in NYC.<\/p>\n

After such a strong year it is important to study what went well so we can do more of it in 2018.<\/p>\n

So what worked well for our trading desk in 2017?<\/p>\n

Team Trading<\/strong><\/span><\/p>\n

Senior traders who embraced building Teams made more. \u00a0Junior traders who were willing to assist learned more and sped up their learning curve.\u00a0 This Team is an <\/span>example<\/span><\/a>. \u00a0<\/span><\/p>\n

The Daily Report Card<\/strong><\/p>\n

The Daily Report Card sparked our biggest improvement in 2017. \u00a0You can find more about that <\/span>here<\/span><\/a>. <\/span><\/p>\n

Trading Bigger<\/strong><\/p>\n

Responsibly and consistently increasing size, in measured edge and where trader has shown consistency, helped traders increase their trading size and make more<\/span>.\u00a0 One firm trading manager in Austin says this well to traders by asking them to set risk per trade and the stop and using that to quantify if they are big enough.<\/span><\/p>\n

Stock selection<\/strong><\/p>\n

Trading the right stocks. \u00a0Dr. Steenbarger said it well in <\/span>this post<\/span><\/a> about key ingredients to success in 2017 that he observed: what you trade is as important as how you trade.<\/span><\/p>\n

Cryptocurrencies and Blockchain<\/b><\/p>\n

Open mindedness to bitcoin, other cryptocurrencies, and blockchain opportunities was key. \u00a0For example, experienced and stagnant traders started trading these opportunities and seeing solid PnL improvement. \u00a0\u00a0\u00a0<\/span><\/p>\n

Sticking to the process<\/strong><\/p>\n

Sticking to the process! Even if trader is not seeing PnL jump immediately.\u00a0 One senior trader\u00a0<\/span>stuck to his process<\/span> and then experienced new success levels.\u00a0\u00a0<\/span><\/p>\n

Doing more with technology<\/strong><\/p>\n

Weekly technology meeting for Teams is a best practice to build on in 2018. \u00a0Meetings once a week as a Team and discussing what can be built to help the Team make more and play more offensive with their best trades is an excellent best practice.<\/span><\/p>\n

Improved trader training<\/strong><\/p>\n

New hires are much better versed in technology and modeling because of our revamped Trader Development. \u00a0Once a week our head automated trader in NYC held a class on technology and modeling.<\/span><\/p>\n

2017 was a strong trading year for NYC. \u00a0We have challenged traders to develop trading goals for 2018, building from 2017. \u00a0And we have started meeting with traders individually to start planning their improvement for 2018.<\/span><\/p>\n

We are grateful for your feedback\/comments\/questions- mbellafiore@smbcap.com.<\/p>\n

*no relevant positions<\/span><\/p>\n

\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

2017 was a very strong year for our trading desk in NYC. After such a strong year it is important to study what went well so we can do more of it in 2018. So what worked well for our trading desk in 2017? Team Trading Senior traders who embraced building Teams made more. \u00a0Junior traders who were willing to … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":45194,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[30,50,1193,653,1354,1349],"class_list":["post-46475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-prop-trading","tag-proprietary-trading","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor"],"yoast_head":"\nWhat worked well on our trading desk in 2017 | 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\/what-worked-well-on-our-trading-desk-in-2017\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What worked well on our trading desk in 2017 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"2017 was a very strong year for our trading desk in NYC. After such a strong year it is important to study what went well so we can do more of it in 2018. So what worked well for our trading desk in 2017? Team Trading Senior traders who embraced building Teams made more. \u00a0Junior traders who were willing to ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017\" \/>\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=\"2018-01-15T15:59:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-17T14:39:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/teamshark.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1182\" \/>\n\t<meta property=\"og:image:height\" content=\"761\" \/>\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 name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"What worked well on our trading desk in 2017\",\"datePublished\":\"2018-01-15T15:59:32+00:00\",\"dateModified\":\"2023-04-17T14:39:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017\"},\"wordCount\":378,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/teamshark.jpg\",\"keywords\":[\"prop trading\",\"proprietary trading\",\"trader education\",\"trader training\",\"trading coach\",\"trading mentor\"],\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017\",\"name\":\"What worked well on our trading desk in 2017 | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/teamshark.jpg\",\"datePublished\":\"2018-01-15T15:59:32+00:00\",\"dateModified\":\"2023-04-17T14:39:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/teamshark.jpg\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/teamshark.jpg\",\"width\":1182,\"height\":761},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What worked well on our trading desk in 2017\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\",\"name\":\"Bella\",\"description\":\"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/bellas-blog\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/bella\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What worked well on our trading desk in 2017 | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017","og_locale":"en_US","og_type":"article","og_title":"What worked well on our trading desk in 2017 | SMB Training","og_description":"2017 was a very strong year for our trading desk in NYC. After such a strong year it is important to study what went well so we can do more of it in 2018. So what worked well for our trading desk in 2017? Team Trading Senior traders who embraced building Teams made more. \u00a0Junior traders who were willing to ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2018-01-15T15:59:32+00:00","article_modified_time":"2023-04-17T14:39:55+00:00","og_image":[{"width":1182,"height":761,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/teamshark.jpg","type":"image\/jpeg"}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"What worked well on our trading desk in 2017","datePublished":"2018-01-15T15:59:32+00:00","dateModified":"2023-04-17T14:39:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017"},"wordCount":378,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/teamshark.jpg","keywords":["prop trading","proprietary trading","trader education","trader training","trading coach","trading mentor"],"articleSection":["General Comments"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017","url":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017","name":"What worked well on our trading desk in 2017 | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/teamshark.jpg","datePublished":"2018-01-15T15:59:32+00:00","dateModified":"2023-04-17T14:39:55+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/teamshark.jpg","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/teamshark.jpg","width":1182,"height":761},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/what-worked-well-on-our-trading-desk-in-2017#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"What worked well on our trading desk in 2017"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161","name":"Bella","description":"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.","sameAs":["https:\/\/www.smbtraining.com\/blog\/bellas-blog"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/bella"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/46475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/144"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=46475"}],"version-history":[{"count":2,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/46475\/revisions"}],"predecessor-version":[{"id":53411,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/46475\/revisions\/53411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/45194"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=46475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=46475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=46475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}