A junior trader at the firm has found trading discipline.\u00a0 Do you agree?\u00a0 He wrote:<\/p>\n
Overall thoughts: Implementing a new rule today of sitting on my hands until\u00a010am.<\/span><\/span>\u00a0It felt pretty strange missing out on the action on the open especially on ROKU, but I made this new rule for a greater purpose because I am a disciplined trader now<\/strong>. It ended up working out quite well – I had my biggest day from the past few months all because I simply stayed patient on the open and waited for the setups to come to me.<\/p><\/blockquote>\nI was inspired by this junior trader’s pronouncement that he is a disciplined trader to tweet on this subject.<\/p>\n
![\"\"](\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-tweet.jpg\")
<\/p>\n
I asked to chat with this junior trader before the open and shared my experience working with large traders presently.\u00a0 I will share that with you.<\/p>\n
The large experienced traders with whom I work, almost to a trader, are paring down what they are trading.\u00a0 They are clear on what they trade best, with very specific detail on these setups.\u00a0 They are not just taking a technical breakout.\u00a0 There are way more variables added for a trade to make their PlayBook.\u00a0 They have measured their success in their best trades and know what they do not trade well enough to keep in their PlayBook.\u00a0 They are doing less, but focusing more on what they do well and with more size.<\/p>\n
They are not perfect and are not trying to be perfect.\u00a0 They are trying to improve and take more of their best trades.\u00a0 And because of this they incorporate techniques to minimize overtrading, like scheduled breaks or self-talk.<\/p>\n
They are decreasing their PlayBook.\u00a0 They are focusing on trading just this decreased PlayBook.\u00a0 They quickly exit trades that they recognize are outside their PlayBook.<\/p>\n
This is professional trading discipline.<\/p>\n
*no relevant position<\/p>\n","protected":false},"excerpt":{"rendered":"
A junior trader at the firm has found trading discipline.\u00a0 Do you agree?\u00a0 He wrote: Overall thoughts: Implementing a new rule today of sitting on my hands until\u00a010am.\u00a0It felt pretty strange missing out on the action on the open especially on ROKU, but I made this new rule for a greater purpose because I am a disciplined trader now. It … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":47336,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5463],"tags":[30,50,1354,1638,1349],"class_list":["post-47334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bella-daily-update","tag-prop-trading","tag-proprietary-trading","tag-trading-coach","tag-trading-discipline","tag-trading-mentor"],"yoast_head":"\nThis is trading discipline | 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\/this-is-trading-discipline\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This is trading discipline | SMB Training\" \/>\n<meta property=\"og:description\" content=\"A junior trader at the firm has found trading discipline.\u00a0 Do you agree?\u00a0 He wrote: Overall thoughts: Implementing a new rule today of sitting on my hands until\u00a010am.\u00a0It felt pretty strange missing out on the action on the open especially on ROKU, but I made this new rule for a greater purpose because I am a disciplined trader now. It ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline\" \/>\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=\"2018-08-10T14:58:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-10T15:00:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"446\" \/>\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\/this-is-trading-discipline#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"This is trading discipline\",\"datePublished\":\"2018-08-10T14:58:40+00:00\",\"dateModified\":\"2018-08-10T15:00:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline\"},\"wordCount\":312,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.jpg\",\"keywords\":[\"prop trading\",\"proprietary trading\",\"trading coach\",\"trading discipline\",\"trading mentor\"],\"articleSection\":[\"Bella Daily Update\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline\",\"name\":\"This is trading discipline | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.jpg\",\"datePublished\":\"2018-08-10T14:58:40+00:00\",\"dateModified\":\"2018-08-10T15:00:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.jpg\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.jpg\",\"width\":600,\"height\":446},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"This is trading discipline\"}]},{\"@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":"This is trading discipline | 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\/this-is-trading-discipline","og_locale":"en_US","og_type":"article","og_title":"This is trading discipline | SMB Training","og_description":"A junior trader at the firm has found trading discipline.\u00a0 Do you agree?\u00a0 He wrote: Overall thoughts: Implementing a new rule today of sitting on my hands until\u00a010am.\u00a0It felt pretty strange missing out on the action on the open especially on ROKU, but I made this new rule for a greater purpose because I am a disciplined trader now. It ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2018-08-10T14:58:40+00:00","article_modified_time":"2018-08-10T15:00:17+00:00","og_image":[{"width":600,"height":446,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.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\/this-is-trading-discipline#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"This is trading discipline","datePublished":"2018-08-10T14:58:40+00:00","dateModified":"2018-08-10T15:00:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline"},"wordCount":312,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.jpg","keywords":["prop trading","proprietary trading","trading coach","trading discipline","trading mentor"],"articleSection":["Bella Daily Update"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline","url":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline","name":"This is trading discipline | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.jpg","datePublished":"2018-08-10T14:58:40+00:00","dateModified":"2018-08-10T15:00:17+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.jpg","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.jpg","width":600,"height":446},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/this-is-trading-discipline#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"This is trading discipline"}]},{"@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\/47334","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=47334"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/47334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/47336"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=47334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=47334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=47334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/08\/discipline-trader.jpg\")
<\/p>\n