{"id":46935,"date":"2018-05-12T09:54:40","date_gmt":"2018-05-12T13:54:40","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=46935"},"modified":"2018-05-12T09:54:40","modified_gmt":"2018-05-12T13:54:40","slug":"a-focus-outside-of-your-learning-stage-as-a-trader-can-be-harmful","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-focus-outside-of-your-learning-stage-as-a-trader-can-be-harmful","title":{"rendered":"A focus outside of your learning stage as a trader can be harmful"},"content":{"rendered":"

\"\"<\/p>\n

This week @Steenbab and I presented a webinar<\/a> for an educational trading firm in Spain.\u00a0 Consistency and the Stages of Learning were our topics, with Dr. Steenbarger focusing on mindset.<\/p>\n

One slide I developed for the webinar stresses an important lesson for traders.\u00a0 Here it is below:<\/p>\n

\"\"<\/p>\n

Let me share an anecdote of a conversation we recently had with a developing trader.\u00a0 We brought him into a private office and told him he was gonna get a bump in risk and capital.\u00a0 His coach, we say Team Leader, suggested one for him in an email.\u00a0 Our Floor Manager agreed this was sensible.\u00a0 I greenlit the idea.<\/p>\n

I encouraged the trader to dig deeper into his edge.\u00a0 Tag his trades and import them into SMBU Performance Center- Tradervue.\u00a0 See the trades where he had the most edge.\u00a0 Trade those trades bigger.\u00a0 Eliminate the trades that were not working for him.\u00a0 This was to be his focus.<\/p>\n

And he said something that I hear commonly from traders who get off track.\u00a0 Trader wanted to trade more of his big picture trades.<\/p>\n

No!\u00a0 No!\u00a0 No!\u00a0 No, for this trader and his strengths.<\/p>\n

I counseled this was not necessary at this stage in his learning.\u00a0 He was in the Consistency stage, leaking into the Sizing stage.\u00a0 He was not at the Expand your Edge stage.<\/p>\n

Now if he had edge with bigger picture trades then his idea could have been advisable.\u00a0 But he was having edge with active, short-term trades.\u00a0 Let’s do more of this.\u00a0 Let’s trade them better and bigger.<\/p>\n

Work on your technology to find more of these trades.<\/p>\n

Study these trades intensively.<\/p>\n

PlayBook these trades.<\/p>\n

Trade them bigger in real-time.<\/p>\n

Knock off the worst trades.<\/p>\n

Let’s win in the stages of Consistency and then Sizing.\u00a0 Let’s win there.<\/p>\n

And then we will conquer the next stage- Expand your Edge.<\/p>\n

Notice the end to my slide above: A focus outside of your stage is harmful.<\/p>\n

Embrace the stage of learning that you are in as a trader. \u00a0Win it. \u00a0And then and only then win the next stage.<\/p>\n

*no relevant positions<\/p>\n

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

This week @Steenbab and I presented a webinar for an educational trading firm in Spain.\u00a0 Consistency and the Stages of Learning were our topics, with Dr. Steenbarger focusing on mindset. One slide I developed for the webinar stresses an important lesson for traders.\u00a0 Here it is below: Let me share an anecdote of a conversation we recently had with a … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":46937,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5463],"tags":[],"class_list":["post-46935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bella-daily-update"],"yoast_head":"\nA focus outside of your learning stage as a trader can be harmful | 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-focus-outside-of-your-learning-stage-as-a-trader-can-be-harmful\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A focus outside of your learning stage as a trader can be harmful | SMB Training\" \/>\n<meta property=\"og:description\" content=\"This week @Steenbab and I presented a webinar for an educational trading firm in Spain.\u00a0 Consistency and the Stages of Learning were our topics, with Dr. Steenbarger focusing on mindset. 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