{"id":48341,"date":"2019-05-04T07:00:19","date_gmt":"2019-05-04T11:00:19","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=48341"},"modified":"2023-03-31T10:28:31","modified_gmt":"2023-03-31T14:28:31","slug":"weekend-learning-lessons-for-traders-from-the-prop-desk-6","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/weekend-learning-lessons-for-traders-from-the-prop-desk-6","title":{"rendered":"Weekend learning lessons for traders from the prop desk – March 4, 2019"},"content":{"rendered":"

\"\"<\/p>\n

How to do a monthly trading review to improve\u00a0 your trading PnL<\/a><\/strong><\/p>\n

We close the books on another trading month, so this weekend find time to complete your monthly trading review.\u00a0 We will start meeting next week with the Teams on our desk and Dr. Steenbarger to review their monthly review and set goals for May.<\/p>\n

The trading fix so you do not leave money on the table in your best trades<\/a><\/strong><\/p>\n

You wait for a good trade to develop for hours or days. The entry signal strikes and you enter. You sell way too early, after promising not to. Your conclusion? There is something inherently wrong with me. We challenge that in this video..<\/p>\n

3 challenges to complete after you miss a huge trade opportunity<\/a><\/strong><\/p>\n

Two of our traders on the desk missed a trade that they should not have.\u00a0 I tasked them to do a PlayBook of the trade (See The PlayBook<\/em>).\u00a0 They present that PlayBook here so you learn the setup.\u00a0 But, most importantly, I challenge you to complete 3 challenges after you miss a trade.\u00a0 Constructive and proactive changes lead to improvement.\u00a0 And you can get better.\u00a0 You must get better.<\/p>\n

Behind the scenes on the trading desk<\/a><\/strong><\/p>\n

Pure fun here.\u00a0 We share some shots of the traders on the desk in action.<\/p>\n

How this trader started making 7-Figures in PnL<\/a><\/strong><\/p>\n

We ask an independent trader, who studied with SMB Training and trades his own account, to present one of our favorite trades on the desk.\u00a0 This is an example of the Big Dawg pattern in an IPO.\u00a0 From student to successful trader, gain exposure to this trader’s work.<\/p>\n

*no relevant positions<\/p>\n

\"\"<\/a>
\n <\/p>\n

 <\/p>\n

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

How to do a monthly trading review to improve\u00a0 your trading PnL We close the books on another trading month, so this weekend find time to complete your monthly trading review.\u00a0 We will start meeting next week with the Teams on our desk and Dr. Steenbarger to review their monthly review and set goals for May. The trading fix so … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":48338,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5463],"tags":[30,1193,653,1354,1349],"class_list":["post-48341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bella-daily-update","tag-prop-trading","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor"],"yoast_head":"\nWeekend learning lessons for traders from the prop desk - March 4, 2019 | 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\/weekend-learning-lessons-for-traders-from-the-prop-desk-6\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekend learning lessons for traders from the prop desk - March 4, 2019 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"How to do a monthly trading review to improve\u00a0 your trading PnL We close the books on another trading month, so this weekend find time to complete your monthly trading review.\u00a0 We will start meeting next week with the Teams on our desk and Dr. Steenbarger to review their monthly review and set goals for May. 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