{"id":50281,"date":"2020-11-19T17:29:03","date_gmt":"2020-11-19T22:29:03","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50281"},"modified":"2020-11-19T17:29:03","modified_gmt":"2020-11-19T22:29:03","slug":"how-to-conduct-a-professional-review-of-your-trading","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-to-conduct-a-professional-review-of-your-trading","title":{"rendered":"How to Conduct a Professional Review of Your Trading"},"content":{"rendered":"

In this video get a glimpse inside the trading review process at SMB Capital. Mike Bellafiore, Dr. Brett Steenbarger, and Max Ganik discuss best practices and what we work on together at SMB to help traders develop – looking at both the daily and monthly coaching process.<\/p>\nView Video Transcript<\/strong><\/span>

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we have a really good presentation today<\/div>\n<\/div>\n<\/div>\n
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on<\/div>\n<\/div>\n<\/div>\n
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reviewing your trading and and some of<\/div>\n<\/div>\n<\/div>\n
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the<\/div>\n<\/div>\n<\/div>\n
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best practices and some of the things<\/div>\n<\/div>\n<\/div>\n
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that we work on together at<\/div>\n<\/div>\n<\/div>\n
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smb to help traders<\/div>\n<\/div>\n<\/div>\n
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develop<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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now it’s going to be really interesting<\/div>\n<\/div>\n<\/div>\n
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actually and we didn’t necessarily<\/div>\n<\/div>\n<\/div>\n
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intend it this way<\/div>\n<\/div>\n<\/div>\n
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but the perspectives that i present are<\/div>\n<\/div>\n<\/div>\n
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going to be somewhat complementary<\/div>\n<\/div>\n<\/div>\n
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to what max presents he’s going to be<\/div>\n<\/div>\n<\/div>\n
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talking a bit about<\/div>\n<\/div>\n<\/div>\n
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uh monthly summaries and<\/div>\n<\/div>\n<\/div>\n
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what i would call the bigger picture of<\/div>\n<\/div>\n<\/div>\n
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trading and i’m going to be talking more<\/div>\n<\/div>\n<\/div>\n
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on the micro basis<\/div>\n<\/div>\n<\/div>\n
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day to day some of which is based on how<\/div>\n<\/div>\n<\/div>\n
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i actually coach myself in my<\/div>\n<\/div>\n<\/div>\n
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own trading so you see here uh my name<\/div>\n<\/div>\n<\/div>\n
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brett stevenbarger and<\/div>\n<\/div>\n<\/div>\n
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traderfeed.blogspot.com<\/div>\n<\/div>\n<\/div>\n
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that is my blog url<\/div>\n<\/div>\n<\/div>\n
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and you can find my email address there<\/div>\n<\/div>\n<\/div>\n
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and you can find lots of articles<\/div>\n<\/div>\n<\/div>\n
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about trading psychology and other good<\/div>\n<\/div>\n<\/div>\n
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things<\/div>\n<\/div>\n<\/div>\n
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including reviewing trading<\/div>\n<\/div>\n<\/div>\n
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okay so let me get into<\/div>\n<\/div>\n<\/div>\n
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how i structure a review<\/div>\n<\/div>\n<\/div>\n
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and three areas that i believe are<\/div>\n<\/div>\n<\/div>\n
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crucial to reviewing trading whether you<\/div>\n<\/div>\n<\/div>\n
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are a<\/div>\n<\/div>\n<\/div>\n
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longer term trader a shorter term trader<\/div>\n<\/div>\n<\/div>\n
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the first is grading your ideas notice<\/div>\n<\/div>\n<\/div>\n
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the word<\/div>\n<\/div>\n<\/div>\n
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grading you’re giving yourself a grade<\/div>\n<\/div>\n<\/div>\n
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oh that looks like good beer there in<\/div>\n<\/div>\n<\/div>\n
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the picture what do you think<\/div>\n<\/div>\n<\/div>\n
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um so grading your ideas means you’re<\/div>\n<\/div>\n<\/div>\n
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evaluating<\/div>\n<\/div>\n<\/div>\n
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the idea behind your trade and notice<\/div>\n<\/div>\n<\/div>\n
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with number two<\/div>\n<\/div>\n<\/div>\n
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grading that you’re trading the idea i<\/div>\n<\/div>\n<\/div>\n
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am separating<\/div>\n<\/div>\n<\/div>\n
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out the idea generation i’m separating<\/div>\n<\/div>\n<\/div>\n
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out<\/div>\n<\/div>\n<\/div>\n
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the i quality of the idea from how i<\/div>\n<\/div>\n<\/div>\n
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trade that idea so the first question<\/div>\n<\/div>\n<\/div>\n
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i’m asking in my review<\/div>\n<\/div>\n<\/div>\n
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and this is something i do end of day<\/div>\n<\/div>\n<\/div>\n
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every single day<\/div>\n<\/div>\n<\/div>\n
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was this the right idea did i trade<\/div>\n<\/div>\n<\/div>\n
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an idea that genuinely had an edge<\/div>\n<\/div>\n<\/div>\n
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behind it<\/div>\n<\/div>\n<\/div>\n
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or perhaps did i get a bias<\/div>\n<\/div>\n<\/div>\n
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during my trading was i unduly<\/div>\n<\/div>\n<\/div>\n
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influenced by a particular flow in the<\/div>\n<\/div>\n<\/div>\n
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market or a particular piece of news<\/div>\n<\/div>\n<\/div>\n
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was this a trade with a genuine<\/div>\n<\/div>\n<\/div>\n
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edge and those of you who follow my blog<\/div>\n<\/div>\n<\/div>\n
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know that i do some statistical studies<\/div>\n<\/div>\n<\/div>\n
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to try to figure out where we might have<\/div>\n<\/div>\n<\/div>\n
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some edges<\/div>\n<\/div>\n<\/div>\n
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but i also want to figure out if the<\/div>\n<\/div>\n<\/div>\n
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market itself is behaving in a way that<\/div>\n<\/div>\n<\/div>\n
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is consistent with that edge<\/div>\n<\/div>\n<\/div>\n
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so is this an idea that’s truly playing<\/div>\n<\/div>\n<\/div>\n
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out<\/div>\n<\/div>\n<\/div>\n
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second my grading of the trade<\/div>\n<\/div>\n<\/div>\n
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based on that idea how well<\/div>\n<\/div>\n<\/div>\n
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did i enter did i enter with truly good<\/div>\n<\/div>\n<\/div>\n
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risk reward or did i end up chasing the<\/div>\n<\/div>\n<\/div>\n
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trade<\/div>\n<\/div>\n<\/div>\n
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and wind up with poor risk reward<\/div>\n<\/div>\n<\/div>\n
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how was my sizing of the position<\/div>\n<\/div>\n<\/div>\n
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did i have a plan for not only<\/div>\n<\/div>\n<\/div>\n
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sizing it appropriately but maybe taking<\/div>\n<\/div>\n<\/div>\n
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profits along the way<\/div>\n<\/div>\n<\/div>\n
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in many markets i will<\/div>\n<\/div>\n<\/div>\n
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take profits on a portion of the<\/div>\n<\/div>\n<\/div>\n
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position and let a smaller<\/div>\n<\/div>\n<\/div>\n
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part of the position run how did i<\/div>\n<\/div>\n<\/div>\n
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manage the position while it was on<\/div>\n<\/div>\n<\/div>\n
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and finally the exit i have certain exit<\/div>\n<\/div>\n<\/div>\n
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criteria<\/div>\n<\/div>\n<\/div>\n
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when the market becomes short term over<\/div>\n<\/div>\n<\/div>\n
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bought or oversold depending on whether<\/div>\n<\/div>\n<\/div>\n
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i am long or short<\/div>\n<\/div>\n<\/div>\n
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i want to be taking that those pieces<\/div>\n<\/div>\n<\/div>\n
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off i<\/div>\n<\/div>\n<\/div>\n
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look at overbought and oversold on short<\/div>\n<\/div>\n<\/div>\n
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time frames<\/div>\n<\/div>\n<\/div>\n
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with a very short term rsi and with<\/div>\n<\/div>\n<\/div>\n
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the nyse tick the number of upticks<\/div>\n<\/div>\n<\/div>\n
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versus downticks among<\/div>\n<\/div>\n<\/div>\n
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all nyc shares and so i want to if i’m<\/div>\n<\/div>\n<\/div>\n
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wrong<\/div>\n<\/div>\n<\/div>\n
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if i’m going to be long if my idea is to<\/div>\n<\/div>\n<\/div>\n
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be long then i want to be<\/div>\n<\/div>\n<\/div>\n
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buying a downtick i want to be<\/div>\n<\/div>\n<\/div>\n
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buying when stocks are ticking down<\/div>\n<\/div>\n<\/div>\n
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and when we are making a higher<\/div>\n<\/div>\n<\/div>\n
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price low as i mentioned<\/div>\n<\/div>\n<\/div>\n
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on my site every market consists<\/div>\n<\/div>\n<\/div>\n
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of a linear component a directional<\/div>\n<\/div>\n<\/div>\n
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component<\/div>\n<\/div>\n<\/div>\n
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a trend along with<\/div>\n<\/div>\n<\/div>\n
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one or more cyclical elements there are<\/div>\n<\/div>\n<\/div>\n
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cycles in market<\/div>\n<\/div>\n<\/div>\n
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ups and downs even in trending markets<\/div>\n<\/div>\n<\/div>\n
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if i’m long i want to be buying the<\/div>\n<\/div>\n<\/div>\n
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oversold spots<\/div>\n<\/div>\n<\/div>\n
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at higher price lows if i’m short i want<\/div>\n<\/div>\n<\/div>\n
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to be selling<\/div>\n<\/div>\n<\/div>\n
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the bounces at lower price highs<\/div>\n<\/div>\n<\/div>\n
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and so i’ll use the nyse tick i will use<\/div>\n<\/div>\n<\/div>\n
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a short term oscillator<\/div>\n<\/div>\n<\/div>\n
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like the rsi to gauge<\/div>\n<\/div>\n<\/div>\n
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where those higher lows are in lower<\/div>\n<\/div>\n<\/div>\n
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highs<\/div>\n<\/div>\n<\/div>\n
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and that’s part of grading my trading of<\/div>\n<\/div>\n<\/div>\n
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the idea<\/div>\n<\/div>\n<\/div>\n
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can i jump in here with a quick example<\/div>\n<\/div>\n<\/div>\n
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of some of the work that we do with one<\/div>\n<\/div>\n<\/div>\n
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of the traders on the desk<\/div>\n<\/div>\n<\/div>\n
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so there’s one particular trader on the<\/div>\n<\/div>\n<\/div>\n
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desk who really wanted to short neo<\/div>\n<\/div>\n<\/div>\n
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thought neo was overbought thought was<\/div>\n<\/div>\n<\/div>\n
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up way too much<\/div>\n<\/div>\n<\/div>\n
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and okay that<\/div>\n<\/div>\n<\/div>\n
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that is up for whether or not that was a<\/div>\n<\/div>\n<\/div>\n
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good idea or not<\/div>\n<\/div>\n<\/div>\n
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and one of the ways that<\/div>\n<\/div>\n<\/div>\n
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we had the trader think about his trade<\/div>\n<\/div>\n<\/div>\n
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was<\/div>\n<\/div>\n<\/div>\n
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is neo going to be like maybe<\/div>\n<\/div>\n<\/div>\n
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some other stocks that we would expect<\/div>\n<\/div>\n<\/div>\n
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to<\/div>\n<\/div>\n<\/div>\n
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completely give back all the gains it<\/div>\n<\/div>\n<\/div>\n
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had made<\/div>\n<\/div>\n<\/div>\n
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or is it a really really strong stock<\/div>\n<\/div>\n<\/div>\n
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there were only<\/div>\n<\/div>\n<\/div>\n
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expecting a pull-in for<\/div>\n<\/div>\n<\/div>\n
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and this trader<\/div>\n<\/div>\n<\/div>\n
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also structured the trade in a in a very<\/div>\n<\/div>\n<\/div>\n
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solid way where he didn’t feel a lot of<\/div>\n<\/div>\n<\/div>\n
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heat on the particular trade because he<\/div>\n<\/div>\n<\/div>\n
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used options in stock<\/div>\n<\/div>\n<\/div>\n
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to make sure that he limited his<\/div>\n<\/div>\n<\/div>\n
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downside if he was a little bit too<\/div>\n<\/div>\n<\/div>\n
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early<\/div>\n<\/div>\n<\/div>\n
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but the trader didn’t just go out and<\/div>\n<\/div>\n<\/div>\n
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short neo<\/div>\n<\/div>\n<\/div>\n
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that the trader expressed his trade in a<\/div>\n<\/div>\n<\/div>\n
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way<\/div>\n<\/div>\n<\/div>\n
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that kept him inside of his guardrails<\/div>\n<\/div>\n<\/div>\n
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for his risk<\/div>\n<\/div>\n<\/div>\n
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and then we helped him judge the trade<\/div>\n<\/div>\n<\/div>\n
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based on it really being more of a<\/div>\n<\/div>\n<\/div>\n
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pulling trade as opposed to something<\/div>\n<\/div>\n<\/div>\n
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that we expect to go all the way back to<\/div>\n<\/div>\n<\/div>\n
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to where it came from<\/div>\n<\/div>\n<\/div>\n
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and you know we’re canally doing that<\/div>\n<\/div>\n<\/div>\n
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and so we and then we have that work on<\/div>\n<\/div>\n<\/div>\n
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neo<\/div>\n<\/div>\n<\/div>\n
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and we can compare that to another<\/div>\n<\/div>\n<\/div>\n
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really big trade<\/div>\n<\/div>\n<\/div>\n
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that we saw in jks<\/div>\n<\/div>\n<\/div>\n
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where the trader perhaps got in front of<\/div>\n<\/div>\n<\/div>\n
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something that<\/div>\n<\/div>\n<\/div>\n
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you shouldn’t expect necessarily to pull<\/div>\n<\/div>\n<\/div>\n
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in as much as some other stocks<\/div>\n<\/div>\n<\/div>\n
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and then finally we have a probably our<\/div>\n<\/div>\n<\/div>\n
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highest p l trader<\/div>\n<\/div>\n<\/div>\n
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had trouble pulling the trigger on his<\/div>\n<\/div>\n<\/div>\n
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trades<\/div>\n<\/div>\n<\/div>\n
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but we said hey you’re really terrific<\/div>\n<\/div>\n<\/div>\n
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at developing ideas<\/div>\n<\/div>\n<\/div>\n
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you’re terrific at that when you develop<\/div>\n<\/div>\n<\/div>\n
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ideas by yourself<\/div>\n<\/div>\n<\/div>\n
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we have a lot of confidence as a firm<\/div>\n<\/div>\n<\/div>\n
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that you should you should go ahead and<\/div>\n<\/div>\n<\/div>\n
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make those trades<\/div>\n<\/div>\n<\/div>\n
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and we could point to lots of trades in<\/div>\n<\/div>\n<\/div>\n
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the past<\/div>\n<\/div>\n<\/div>\n
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where he did that and made a lot of<\/div>\n<\/div>\n<\/div>\n
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money and so he could have more<\/div>\n<\/div>\n<\/div>\n
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confidence<\/div>\n<\/div>\n<\/div>\n
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in being able to make those trades but<\/div>\n<\/div>\n<\/div>\n
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but it’s this foundation you’re laying<\/div>\n<\/div>\n<\/div>\n
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right here dr steenberger for guys to be<\/div>\n<\/div>\n<\/div>\n
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able to work off of<\/div>\n<\/div>\n<\/div>\n
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so that they can get better and and<\/div>\n<\/div>\n<\/div>\n
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do more of their best trading anyway<\/div>\n<\/div>\n<\/div>\n
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just wanted to jump in with that<\/div>\n<\/div>\n<\/div>\n
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yeah great examples and so i’m grading<\/div>\n<\/div>\n<\/div>\n
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ideas i’m grading my training of the<\/div>\n<\/div>\n<\/div>\n
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ideas but i’m also<\/div>\n<\/div>\n<\/div>\n
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grading myself how well prepared was i<\/div>\n<\/div>\n<\/div>\n
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for the training day and that personal<\/div>\n<\/div>\n<\/div>\n
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preparation includes time<\/div>\n<\/div>\n<\/div>\n
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spent in the morning pre-market for<\/div>\n<\/div>\n<\/div>\n
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exercise physical exercise<\/div>\n<\/div>\n<\/div>\n
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reviewing markets reviewing the previous<\/div>\n<\/div>\n<\/div>\n
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day’s trading<\/div>\n<\/div>\n<\/div>\n
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i have a number of steps a number of<\/div>\n<\/div>\n<\/div>\n
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activities that go<\/div>\n<\/div>\n<\/div>\n
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into my preparation because i know i’m<\/div>\n<\/div>\n<\/div>\n
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going to be more focused<\/div>\n<\/div>\n<\/div>\n
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i know i’m going to be more alert and<\/div>\n<\/div>\n<\/div>\n
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prepared if i do those things<\/div>\n<\/div>\n<\/div>\n
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so every single day i’m getting at least<\/div>\n<\/div>\n<\/div>\n
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three grades<\/div>\n<\/div>\n<\/div>\n
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for the quality of the ideas that day<\/div>\n<\/div>\n<\/div>\n
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for the training of those ideas and for<\/div>\n<\/div>\n<\/div>\n
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my preparation<\/div>\n<\/div>\n<\/div>\n
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and if the ideas<\/div>\n<\/div>\n<\/div>\n
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or the preparation<\/div>\n<\/div>\n<\/div>\n
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short then i’ve got some things to work<\/div>\n<\/div>\n<\/div>\n
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on<\/div>\n<\/div>\n<\/div>\n
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now what i mentioned in the slide is to<\/div>\n<\/div>\n<\/div>\n
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review you have to<\/div>\n<\/div>\n<\/div>\n
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re-view this is<\/div>\n<\/div>\n<\/div>\n
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really key i review every single trade i<\/div>\n<\/div>\n<\/div>\n
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make<\/div>\n<\/div>\n<\/div>\n
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but i review it i literally replay<\/div>\n<\/div>\n<\/div>\n
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the charts i have all my screens up and<\/div>\n<\/div>\n<\/div>\n
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all my<\/div>\n<\/div>\n<\/div>\n
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different indicators and oh i go bar<\/div>\n<\/div>\n<\/div>\n
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by bar by bar by bar and i<\/div>\n<\/div>\n<\/div>\n
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relive the entire trade and<\/div>\n<\/div>\n<\/div>\n
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i’m evaluating the idea of evaluating<\/div>\n<\/div>\n<\/div>\n
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the execution<\/div>\n<\/div>\n<\/div>\n
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i’m evaluating quality of what<\/div>\n<\/div>\n<\/div>\n
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i did if you want to learn three more<\/div>\n<\/div>\n<\/div>\n
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real world setups that our traders use<\/div>\n<\/div>\n<\/div>\n
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including the simple setup that we teach<\/div>\n<\/div>\n<\/div>\n
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all of our new traders and the setup<\/div>\n<\/div>\n<\/div>\n
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that turned one of our traders into a<\/div>\n<\/div>\n<\/div>\n
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seven<\/div>\n<\/div>\n<\/div>\n
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figure big money earner check out the<\/div>\n<\/div>\n<\/div>\n
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free webinar that we’re currently<\/div>\n<\/div>\n<\/div>\n
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running<\/div>\n<\/div>\n<\/div>\n
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just go ahead and click the link that<\/div>\n<\/div>\n<\/div>\n
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should be appearing now<\/div>\n<\/div>\n<\/div>\n
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at the top right hand corner of your<\/div>\n<\/div>\n<\/div>\n
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screen that will open up the free<\/div>\n<\/div>\n<\/div>\n
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registration page in a new window so<\/div>\n<\/div>\n<\/div>\n
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don’t worry<\/div>\n<\/div>\n<\/div>\n
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you won’t lose this video you can also<\/div>\n<\/div>\n<\/div>\n
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visit tradingworkshop.com to register<\/div>\n<\/div>\n<\/div>\n
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for this free<\/div>\n<\/div>\n<\/div>\n
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intensive workshop you’re going to learn<\/div>\n<\/div>\n<\/div>\n
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more in a couple of hours from this<\/div>\n<\/div>\n<\/div>\n
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trading workshop<\/div>\n<\/div>\n<\/div>\n
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than from years of online education<\/div>\n<\/div>\n<\/div>\n
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from that review that very detailed<\/div>\n<\/div>\n<\/div>\n
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review i want to identify one<\/div>\n<\/div>\n<\/div>\n
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what did i do well where did i<\/div>\n<\/div>\n<\/div>\n
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really make some good decisions and<\/div>\n<\/div>\n<\/div>\n
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how can i make sure that i’ll<\/div>\n<\/div>\n<\/div>\n
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do that those same things again tomorrow<\/div>\n<\/div>\n<\/div>\n
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what specifically could i have improved<\/div>\n<\/div>\n<\/div>\n
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i had a great entry on a trade today<\/div>\n<\/div>\n<\/div>\n
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it was really good it was a long entry<\/div>\n<\/div>\n<\/div>\n
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in the morning and then<\/div>\n<\/div>\n<\/div>\n
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i completely effed up the exit<\/div>\n<\/div>\n<\/div>\n
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and it ended up i i definitely should<\/div>\n<\/div>\n<\/div>\n
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have taken profits earlier<\/div>\n<\/div>\n<\/div>\n
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it went against me and i ended up making<\/div>\n<\/div>\n<\/div>\n
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some money but not nearly what i should<\/div>\n<\/div>\n<\/div>\n
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have<\/div>\n<\/div>\n<\/div>\n
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and and so right away what specifically<\/div>\n<\/div>\n<\/div>\n
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could i have improved<\/div>\n<\/div>\n<\/div>\n
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i’m going bar by bar by bar and how<\/div>\n<\/div>\n<\/div>\n
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could i have exited better<\/div>\n<\/div>\n<\/div>\n
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and that’s what i’ve learned today that<\/div>\n<\/div>\n<\/div>\n
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i will bring<\/div>\n<\/div>\n<\/div>\n
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tomorrow that i will and then i’ll<\/div>\n<\/div>\n<\/div>\n
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figure out<\/div>\n<\/div>\n<\/div>\n
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how will i implement it tomorrow how<\/div>\n<\/div>\n<\/div>\n
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will i do my exits better<\/div>\n<\/div>\n<\/div>\n
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so every single day is becoming<\/div>\n<\/div>\n<\/div>\n
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a learning experience this is something<\/div>\n<\/div>\n<\/div>\n
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i’ve written about recently<\/div>\n<\/div>\n<\/div>\n
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on my blog and in a forbes article<\/div>\n<\/div>\n<\/div>\n
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what state are you in when you are<\/div>\n<\/div>\n<\/div>\n
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reviewing your trade<\/div>\n<\/div>\n<\/div>\n
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you want to be focused because we<\/div>\n<\/div>\n<\/div>\n
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process information<\/div>\n<\/div>\n<\/div>\n
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more deeply when we’re focused but we<\/div>\n<\/div>\n<\/div>\n
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also want to process with emotion<\/div>\n<\/div>\n<\/div>\n
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when i’m going over bar by bar by bar by<\/div>\n<\/div>\n<\/div>\n
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bar<\/div>\n<\/div>\n<\/div>\n
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it is not a bloodless<\/div>\n<\/div>\n<\/div>\n
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clinical process i am<\/div>\n<\/div>\n<\/div>\n
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focused in and i’m getting excited<\/div>\n<\/div>\n<\/div>\n
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about what i’m seeing and what i could<\/div>\n<\/div>\n<\/div>\n
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do better<\/div>\n<\/div>\n<\/div>\n
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and that excitement that enthusiasm<\/div>\n<\/div>\n<\/div>\n
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is part of what sears the learning<\/div>\n<\/div>\n<\/div>\n
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into my head our reviewing of our<\/div>\n<\/div>\n<\/div>\n
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trading<\/div>\n<\/div>\n<\/div>\n
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is essential for deliberate practice<\/div>\n<\/div>\n<\/div>\n
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deliberate practice<\/div>\n<\/div>\n<\/div>\n
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in the research literature in psychology<\/div>\n<\/div>\n<\/div>\n
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is what builds expertise<\/div>\n<\/div>\n<\/div>\n
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we perform we evaluate performance we<\/div>\n<\/div>\n<\/div>\n
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make adjustments<\/div>\n<\/div>\n<\/div>\n
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we perform again we make new adjustments<\/div>\n<\/div>\n<\/div>\n
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and so that the quality of our reviewing<\/div>\n<\/div>\n<\/div>\n
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determines the quality of our deliberate<\/div>\n<\/div>\n<\/div>\n
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practice<\/div>\n<\/div>\n<\/div>\n
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and that ultimately determines our<\/div>\n<\/div>\n<\/div>\n
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learning that can become an every<\/div>\n<\/div>\n<\/div>\n
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day experience that helps us<\/div>\n<\/div>\n<\/div>\n
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move forward move forward so that we<\/div>\n<\/div>\n<\/div>\n
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always<\/div>\n<\/div>\n<\/div>\n
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have a positive learning p<\/div>\n<\/div>\n<\/div>\n
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l even on days where the financial p<\/div>\n<\/div>\n<\/div>\n
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\n
l may not be so positive so yeah so i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
just going to speak about basically what<\/div>\n<\/div>\n<\/div>\n
\n
\n
are the four key pillars of my monthly<\/div>\n<\/div>\n<\/div>\n
\n
\n
review<\/div>\n<\/div>\n<\/div>\n
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\n
so when going through my monthly review<\/div>\n<\/div>\n<\/div>\n
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i’ll basically try to to uh outline like<\/div>\n<\/div>\n<\/div>\n
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the broader points<\/div>\n<\/div>\n<\/div>\n
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first it will be uh the the overview of<\/div>\n<\/div>\n<\/div>\n
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the month uh so for that or<\/div>\n<\/div>\n<\/div>\n
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\n
for this point uh this means besides<\/div>\n<\/div>\n<\/div>\n
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\n
just like uh what was the actual<\/div>\n<\/div>\n<\/div>\n
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\n
result in terms of a p l how was i<\/div>\n<\/div>\n<\/div>\n
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\n
executing on my trades and then also<\/div>\n<\/div>\n<\/div>\n
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what was<\/div>\n<\/div>\n<\/div>\n
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um my mental state throughout the month<\/div>\n<\/div>\n<\/div>\n
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um<\/div>\n<\/div>\n<\/div>\n
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\n
you know like was i in the right mindset<\/div>\n<\/div>\n<\/div>\n
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\n
and if not<\/div>\n<\/div>\n<\/div>\n
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why and if yes uh what can i do to build<\/div>\n<\/div>\n<\/div>\n
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\n
on that<\/div>\n<\/div>\n<\/div>\n
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\n
uh next is is it gonna be actually more<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade specific<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you know um i’ll be going through<\/div>\n<\/div>\n<\/div>\n
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\n
uh uh my best and worst setups uh this<\/div>\n<\/div>\n<\/div>\n
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\n
means<\/div>\n<\/div>\n<\/div>\n
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just like um which stocks or which<\/div>\n<\/div>\n<\/div>\n
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\n
actual<\/div>\n<\/div>\n<\/div>\n
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\n
trade setups and then the next part for<\/div>\n<\/div>\n<\/div>\n
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\n
me is going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
reflecting on goals for the month so<\/div>\n<\/div>\n<\/div>\n
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\n
what were my goals incoming life for the<\/div>\n<\/div>\n<\/div>\n
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\n
month<\/div>\n<\/div>\n<\/div>\n
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why did i achieve them if not why<\/div>\n<\/div>\n<\/div>\n
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\n
was the market environment proper<\/div>\n<\/div>\n<\/div>\n
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\n
for me reaching my goals and then<\/div>\n<\/div>\n<\/div>\n
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\n
lastly will be my goals for the<\/div>\n<\/div>\n<\/div>\n
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\n
following month<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now just expanding on each one of<\/div>\n<\/div>\n<\/div>\n
\n
\n
these points<\/div>\n<\/div>\n<\/div>\n
\n
\n
so for the first one it’s going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
the overview of the month so for the<\/div>\n<\/div>\n<\/div>\n
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\n
most part i’ll just<\/div>\n<\/div>\n<\/div>\n
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lay out maybe a few large paragraphs<\/div>\n<\/div>\n<\/div>\n
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\n
and going through first what was the p l<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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uh whether or not uh this actually hit<\/div>\n<\/div>\n<\/div>\n
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uh my target<\/div>\n<\/div>\n<\/div>\n
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\n
uh usually what i’ll do is i will have<\/div>\n<\/div>\n<\/div>\n
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\n
multiple profit targets based up on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
market environment so for example if<\/div>\n<\/div>\n<\/div>\n
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let’s say<\/div>\n<\/div>\n<\/div>\n
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um you know the market environment was<\/div>\n<\/div>\n<\/div>\n
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\n
absolutely perfect for me what was my<\/div>\n<\/div>\n<\/div>\n
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\n
profit target<\/div>\n<\/div>\n<\/div>\n
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for that month if not then what was the<\/div>\n<\/div>\n<\/div>\n
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\n
target for that month so for example<\/div>\n<\/div>\n<\/div>\n
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\n
october for me was not a month where the<\/div>\n<\/div>\n<\/div>\n
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\n
market<\/div>\n<\/div>\n<\/div>\n
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\n
environment was that clean i overall did<\/div>\n<\/div>\n<\/div>\n
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not really get<\/div>\n<\/div>\n<\/div>\n
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a good feel for the trend so i<\/div>\n<\/div>\n<\/div>\n
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\n
especially had a profit target for that<\/div>\n<\/div>\n<\/div>\n
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\n
style month<\/div>\n<\/div>\n<\/div>\n
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\n
whereas let’s say for more of a june or<\/div>\n<\/div>\n<\/div>\n
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\n
september month<\/div>\n<\/div>\n<\/div>\n
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\n
where the overall market climate for me<\/div>\n<\/div>\n<\/div>\n
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\n
set up well<\/div>\n<\/div>\n<\/div>\n
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\n
then obviously my profit target for that<\/div>\n<\/div>\n<\/div>\n
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kind of month<\/div>\n<\/div>\n<\/div>\n
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\n
would be a lot more aggressive next<\/div>\n<\/div>\n<\/div>\n
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\n
is gonna be you know analyzing like the<\/div>\n<\/div>\n<\/div>\n
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\n
marketing environment but also trying to<\/div>\n<\/div>\n<\/div>\n
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\n
dissect what kinds of setups<\/div>\n<\/div>\n<\/div>\n
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\n
work during that month like what sorts<\/div>\n<\/div>\n<\/div>\n
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\n
of stuff<\/div>\n<\/div>\n<\/div>\n
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\n
could i be changing um what like new<\/div>\n<\/div>\n<\/div>\n
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\n
style of trading like should i be<\/div>\n<\/div>\n<\/div>\n
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\n
focusing more on<\/div>\n<\/div>\n<\/div>\n
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\n
scalping on micro time frames or should<\/div>\n<\/div>\n<\/div>\n
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\n
i be focused more on building into<\/div>\n<\/div>\n<\/div>\n
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\n
larger trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you know going back to let’s say<\/div>\n<\/div>\n<\/div>\n
\n
\n
a june month where there was so much<\/div>\n<\/div>\n<\/div>\n
\n
\n
volatility and liquidity<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a month where you can look back<\/div>\n<\/div>\n<\/div>\n
\n
\n
and say okay like this was<\/div>\n<\/div>\n<\/div>\n
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\n
a month where you can really create<\/div>\n<\/div>\n<\/div>\n
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\n
something special by just scalping<\/div>\n<\/div>\n<\/div>\n
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\n
because there was so much intraday<\/div>\n<\/div>\n<\/div>\n
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\n
opportunity but now if let’s say for a<\/div>\n<\/div>\n<\/div>\n
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\n
month like<\/div>\n<\/div>\n<\/div>\n
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\n
august where it was a much slower<\/div>\n<\/div>\n<\/div>\n
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\n
environment but tech just kind of slowly<\/div>\n<\/div>\n<\/div>\n
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\n
grinded up<\/div>\n<\/div>\n<\/div>\n
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\n
throughout the month and then sort of<\/div>\n<\/div>\n<\/div>\n
\n
\n
went parabolic<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can look back and say that was more<\/div>\n<\/div>\n<\/div>\n
\n
\n
a month for<\/div>\n<\/div>\n<\/div>\n
\n
\n
building positions right so what sort of<\/div>\n<\/div>\n<\/div>\n
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\n
a market environment works best for you<\/div>\n<\/div>\n<\/div>\n
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\n
will also dictate<\/div>\n<\/div>\n<\/div>\n
\n
\n
what your profit target should be for<\/div>\n<\/div>\n<\/div>\n
\n
\n
that month uh so then just like the last<\/div>\n<\/div>\n<\/div>\n
\n
\n
part<\/div>\n<\/div>\n<\/div>\n
\n
\n
isn’t to be the uh psychology grade<\/div>\n<\/div>\n<\/div>\n
\n
\n
basically just like going over<\/div>\n<\/div>\n<\/div>\n
\n
\n
what was my like mindset throughout the<\/div>\n<\/div>\n<\/div>\n
\n
\n
month and um<\/div>\n<\/div>\n<\/div>\n
\n
\n
was i in the right mental state to put<\/div>\n<\/div>\n<\/div>\n
\n
\n
on risk if not<\/div>\n<\/div>\n<\/div>\n
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\n
why was that was i being more cautious<\/div>\n<\/div>\n<\/div>\n
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\n
for a certain reason did i lose<\/div>\n<\/div>\n<\/div>\n
\n
\n
my sense of of edge for some reason<\/div>\n<\/div>\n<\/div>\n
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\n
why was that was it smart was it you<\/div>\n<\/div>\n<\/div>\n
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\n
know it’s something that i have to<\/div>\n<\/div>\n<\/div>\n
\n
\n
reflect on and then grow from and try<\/div>\n<\/div>\n<\/div>\n
\n
\n
and be actively making<\/div>\n<\/div>\n<\/div>\n
\n
\n
adjustments the following month so now<\/div>\n<\/div>\n<\/div>\n
\n
\n
just kind of uh diving deeper into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
actual<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading part of the monthly review<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh the first step for me is to identify<\/div>\n<\/div>\n<\/div>\n
\n
\n
the best and worst<\/div>\n<\/div>\n<\/div>\n
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\n
um you know just like style symbols so<\/div>\n<\/div>\n<\/div>\n
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\n
for me like that will break down into<\/div>\n<\/div>\n<\/div>\n
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\n
either large cap names like your apples<\/div>\n<\/div>\n<\/div>\n
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\n
your<\/div>\n<\/div>\n<\/div>\n
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\n
a tesla you know your your tech stocks<\/div>\n<\/div>\n<\/div>\n
\n
\n
the next part is going to be in low flow<\/div>\n<\/div>\n<\/div>\n
\n
\n
style trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then even more from that you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh besides just just breaking down like<\/div>\n<\/div>\n<\/div>\n
\n
\n
the<\/div>\n<\/div>\n<\/div>\n
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\n
the style symbol or the market cap also<\/div>\n<\/div>\n<\/div>\n
\n
\n
the<\/div>\n<\/div>\n<\/div>\n
\n
\n
liquidity you know because there are<\/div>\n<\/div>\n<\/div>\n
\n
\n
many large cap names where the liquidity<\/div>\n<\/div>\n<\/div>\n
\n
\n
on an intraday basis<\/div>\n<\/div>\n<\/div>\n
\n
\n
is not too great do you uh trade those<\/div>\n<\/div>\n<\/div>\n
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\n
better do you<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh trade those worse there are you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
are also<\/div>\n<\/div>\n<\/div>\n
\n
\n
names like for example i mean like neo<\/div>\n<\/div>\n<\/div>\n
\n
\n
where it’s super liquid<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you find that it’s possible that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
are<\/div>\n<\/div>\n<\/div>\n
\n
\n
having trouble trading those style names<\/div>\n<\/div>\n<\/div>\n
\n
\n
so being able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
go back and reflect on the actual<\/div>\n<\/div>\n<\/div>\n
\n
\n
symbols that are best will allow you to<\/div>\n<\/div>\n<\/div>\n
\n
\n
better game plan for future trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
next is time of day and this was<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually a very big one for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
early on in my trading career where i<\/div>\n<\/div>\n<\/div>\n
\n
\n
noticed that i was giving back<\/div>\n<\/div>\n<\/div>\n
\n
\n
a lot of p l from the 11 o’clock<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 2 p.m hours so the midday session<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is quite common for<\/div>\n<\/div>\n<\/div>\n
\n
\n
many traders but uh being able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
visualize this<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and see exactly the times that i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
napoleon<\/div>\n<\/div>\n<\/div>\n
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\n
is assigned to me that i should be<\/div>\n<\/div>\n<\/div>\n
\n
\n
either one risking down or two just stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading then<\/div>\n<\/div>\n<\/div>\n
\n
\n
unless there’s a very specific scenario<\/div>\n<\/div>\n<\/div>\n
\n
\n
that would warrant me trading so for<\/div>\n<\/div>\n<\/div>\n
\n
\n
example<\/div>\n<\/div>\n<\/div>\n
\n
\n
right now i’ll be barely trading during<\/div>\n<\/div>\n<\/div>\n
\n
\n
the midday session<\/div>\n<\/div>\n<\/div>\n
\n
\n
unless there was some sort of a breaking<\/div>\n<\/div>\n<\/div>\n
\n
\n
news event or something where there was<\/div>\n<\/div>\n<\/div>\n
\n
\n
a volume explosion such that the action<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the midday session<\/div>\n<\/div>\n<\/div>\n
\n
\n
is not your typical midday but rather<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh almost trading like a a opening drive<\/div>\n<\/div>\n<\/div>\n
\n
\n
or<\/div>\n<\/div>\n<\/div>\n
\n
\n
or the first like 90 minutes um and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
the last step would be to then<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh select those specific setups so<\/div>\n<\/div>\n<\/div>\n
\n
\n
were you really good at trading opening<\/div>\n<\/div>\n<\/div>\n
\n
\n
drives but<\/div>\n<\/div>\n<\/div>\n
\n
\n
you were poor at trading candlestick<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakouts<\/div>\n<\/div>\n<\/div>\n
\n
\n
were you really solid at putting on<\/div>\n<\/div>\n<\/div>\n
\n
\n
overnight positions<\/div>\n<\/div>\n<\/div>\n
\n
\n
or were you not and being able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
clearly go through that list<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then be able to identify which<\/div>\n<\/div>\n<\/div>\n
\n
\n
symbols or or which setups you should be<\/div>\n<\/div>\n<\/div>\n
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sizing up on<\/div>\n<\/div>\n<\/div>\n
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\n
and which you should be sizing down on<\/div>\n<\/div>\n<\/div>\n
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is gonna be uh critical for you<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh taking your trading game to the next<\/div>\n<\/div>\n<\/div>\n
\n
\n
level um you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
one thing uh for me that i found was<\/div>\n<\/div>\n<\/div>\n
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\n
that<\/div>\n<\/div>\n<\/div>\n
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\n
over the last like six weeks or so the<\/div>\n<\/div>\n<\/div>\n
\n
\n
overnight<\/div>\n<\/div>\n<\/div>\n
\n
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positions have been more profitable for<\/div>\n<\/div>\n<\/div>\n
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\n
me so seeing that and visuals<\/div>\n<\/div>\n<\/div>\n
\n
\n
and visualizing that through my review<\/div>\n<\/div>\n<\/div>\n
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\n
i’m able now<\/div>\n<\/div>\n<\/div>\n
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\n
to size those up with confidence<\/div>\n<\/div>\n<\/div>\n
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\n
if it means to write bullet points for<\/div>\n<\/div>\n<\/div>\n
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\n
the trade<\/div>\n<\/div>\n<\/div>\n
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\n
whereas i’ve seen that some of the more<\/div>\n<\/div>\n<\/div>\n
\n
\n
intraday setups that<\/div>\n<\/div>\n<\/div>\n
\n
\n
that worked for me in the past are now a<\/div>\n<\/div>\n<\/div>\n
\n
\n
lot less<\/div>\n<\/div>\n<\/div>\n
\n
\n
consistent and seeing that now i know<\/div>\n<\/div>\n<\/div>\n
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that i should be sizing<\/div>\n<\/div>\n<\/div>\n
\n
\n
down on those trades until i regain<\/div>\n<\/div>\n<\/div>\n
\n
\n
the same consistency that was present<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know a few months ago next is going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be reflecting on<\/div>\n<\/div>\n<\/div>\n
\n
\n
goals for the month so we already spoke<\/div>\n<\/div>\n<\/div>\n
\n
\n
about<\/div>\n<\/div>\n<\/div>\n
\n
\n
profit goals but there’s also a<\/div>\n<\/div>\n<\/div>\n
\n
\n
psychological goals right so<\/div>\n<\/div>\n<\/div>\n
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\n
for example maybe you wanted to<\/div>\n<\/div>\n<\/div>\n
\n
\n
set you know a goal for a certain<\/div>\n<\/div>\n<\/div>\n
\n
\n
mindset that when you’re trading down uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
you wanted to be more responsible<\/div>\n<\/div>\n<\/div>\n
\n
\n
you wanted to stop yourself that when<\/div>\n<\/div>\n<\/div>\n
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\n
you started to<\/div>\n<\/div>\n<\/div>\n
\n
\n
see yourself spiral or maybe you wanted<\/div>\n<\/div>\n<\/div>\n
\n
\n
to push yourself<\/div>\n<\/div>\n<\/div>\n
\n
\n
more when you were trading up you said<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you found yourself<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of a little bit hesitant to<\/div>\n<\/div>\n<\/div>\n
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\n
put on risk when doing well whereas like<\/div>\n<\/div>\n<\/div>\n
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\n
you feel so<\/div>\n<\/div>\n<\/div>\n
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\n
that that’s like the next thing that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
need to to<\/div>\n<\/div>\n<\/div>\n
\n
\n
accomplish to take your training to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
next level<\/div>\n<\/div>\n<\/div>\n
\n
\n
being able to go back and reflect on<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know extremely important and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
also uh personal goals<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know as well um besides like your<\/div>\n<\/div>\n<\/div>\n
\n
\n
actual<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading life that you also should have<\/div>\n<\/div>\n<\/div>\n
\n
\n
goals for your personal life as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
because obviously what what goes on in<\/div>\n<\/div>\n<\/div>\n
\n
\n
your personal life is going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
impact what’s going on in your uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading life so this can go from<\/div>\n<\/div>\n<\/div>\n
\n
\n
what are your social goals what are your<\/div>\n<\/div>\n<\/div>\n
\n
\n
fitness goals all this will matter<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that way you’re in the right state of<\/div>\n<\/div>\n<\/div>\n
\n
\n
mind for when you<\/div>\n<\/div>\n<\/div>\n
\n
\n
come to the office and trade and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know the next point is<\/div>\n<\/div>\n<\/div>\n
\n
\n
how did your overall process in your<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading improve<\/div>\n<\/div>\n<\/div>\n
\n
\n
or worsen did you find that your game<\/div>\n<\/div>\n<\/div>\n
\n
\n
planning got better did you find<\/div>\n<\/div>\n<\/div>\n
\n
\n
that the way that you were<\/div>\n<\/div>\n<\/div>\n
\n
\n
talking through with your team was um<\/div>\n<\/div>\n<\/div>\n
\n
\n
what you set out to do you find that<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe you’re not speaking with enough<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders and that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
harming your performance going through<\/div>\n<\/div>\n<\/div>\n
\n
\n
all those points will<\/div>\n<\/div>\n<\/div>\n
\n
\n
allow you to improve your process and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know it<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s ultimately going to be that process<\/div>\n<\/div>\n<\/div>\n
\n
\n
that is going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
dictate what that uh profit is at the<\/div>\n<\/div>\n<\/div>\n
\n
\n
end of the month<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and then lastly um<\/div>\n<\/div>\n<\/div>\n
\n
\n
which moments in the month were pivotal<\/div>\n<\/div>\n<\/div>\n
\n
\n
in regards to your goal there’s going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be probably<\/div>\n<\/div>\n<\/div>\n
\n
\n
two or three days in the month that are<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to set the uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
a tone for the month like those are<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to be the days that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you really have to execute on so that<\/div>\n<\/div>\n<\/div>\n
\n
\n
way you reach your<\/div>\n<\/div>\n<\/div>\n
\n
\n
your goals for the month did you or did<\/div>\n<\/div>\n<\/div>\n
\n
\n
you not and<\/div>\n<\/div>\n<\/div>\n
\n
\n
why um you know there were specifically<\/div>\n<\/div>\n<\/div>\n
\n
\n
certain points last month where i<\/div>\n<\/div>\n<\/div>\n
\n
\n
recognized that i did<\/div>\n<\/div>\n<\/div>\n
\n
\n
execute on you know on those goals and<\/div>\n<\/div>\n<\/div>\n
\n
\n
when i didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
and being able to go back to those key<\/div>\n<\/div>\n<\/div>\n
\n
\n
moments that way the next time that<\/div>\n<\/div>\n<\/div>\n
\n
\n
those same moments pop<\/div>\n<\/div>\n<\/div>\n
\n
\n
up you do the right thing um or you even<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh double down on doing the right thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
is gonna be critical for you<\/div>\n<\/div>\n<\/div>\n
\n
\n
achieving your goals for the following<\/div>\n<\/div>\n<\/div>\n
\n
\n
month and then as far as<\/div>\n<\/div>\n<\/div>\n
\n
\n
goals for the following month just kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of adding on to the last slide<\/div>\n<\/div>\n<\/div>\n
\n
\n
is what is it going to take for you to<\/div>\n<\/div>\n<\/div>\n
\n
\n
push that your trading to the next level<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know it’s not going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
enough for you just to set a goal for<\/div>\n<\/div>\n<\/div>\n
\n
\n
how much you want to make<\/div>\n<\/div>\n<\/div>\n
\n
\n
or what sit-ups that you want to do what<\/div>\n<\/div>\n<\/div>\n
\n
\n
is that barrier that’s stopping you from<\/div>\n<\/div>\n<\/div>\n
\n
\n
becoming the next<\/div>\n<\/div>\n<\/div>\n
\n
\n
incredible trader and everyone you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
has those barriers and now so you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s the time to<\/div>\n<\/div>\n<\/div>\n
\n
\n
look back and say what is the thing that<\/div>\n<\/div>\n<\/div>\n
\n
\n
i could really<\/div>\n<\/div>\n<\/div>\n
\n
\n
um improve on that if i do that’s going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to<\/div>\n<\/div>\n<\/div>\n
\n
\n
take my trading to the next level and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then next<\/div>\n<\/div>\n<\/div>\n
\n
\n
what obstacles lie in your way i would<\/div>\n<\/div>\n<\/div>\n
\n
\n
say that you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
if there are certain psychological<\/div>\n<\/div>\n<\/div>\n
\n
\n
obstacles<\/div>\n<\/div>\n<\/div>\n
\n
\n
while trading that lie on your way or um<\/div>\n<\/div>\n<\/div>\n
\n
\n
those are probably the ones i’m sure<\/div>\n<\/div>\n<\/div>\n
\n
\n
that dress wouldn’t agree<\/div>\n<\/div>\n<\/div>\n
\n
\n
are the key to fixing because you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading is mainly mindset i think that<\/div>\n<\/div>\n<\/div>\n
\n
\n
any trader would say that<\/div>\n<\/div>\n<\/div>\n
\n
\n
so once you fix that if you<\/div>\n<\/div>\n<\/div>\n
\n
\n
have your process uh you know in order<\/div>\n<\/div>\n<\/div>\n
\n
\n
then it should be a lot easier for you<\/div>\n<\/div>\n<\/div>\n
\n
\n
to swiftly<\/div>\n<\/div>\n<\/div>\n
\n
\n
accomplish those goals and then identify<\/div>\n<\/div>\n<\/div>\n
\n
\n
the parts of your life<\/div>\n<\/div>\n<\/div>\n
\n
\n
outside trading which speaks to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
personal goals<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i promise you that if you you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know<\/div>\n<\/div>\n<\/div>\n
\n
\n
accomplish certain goals that you set<\/div>\n<\/div>\n<\/div>\n
\n
\n
out in your<\/div>\n<\/div>\n<\/div>\n
\n
\n
outside uh your life then your mind will<\/div>\n<\/div>\n<\/div>\n
\n
\n
be that much clearer<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ll sleep that much better and you’ll<\/div>\n<\/div>\n<\/div>\n
\n
\n
probably execute on your trading goals<\/div>\n<\/div>\n<\/div>\n
\n
\n
that much easier and i’m just going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
go to a few excerpts from my<\/div>\n<\/div>\n<\/div>\n
\n
\n
monthly review um just to illustrate a<\/div>\n<\/div>\n<\/div>\n
\n
\n
few of the points<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh this speaks to the uh top setup slide<\/div>\n<\/div>\n<\/div>\n
\n
\n
so basically<\/div>\n<\/div>\n<\/div>\n
\n
\n
identifying clearly that my best trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
were<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalping and using my uh tape reading<\/div>\n<\/div>\n<\/div>\n
\n
\n
skills so now<\/div>\n<\/div>\n<\/div>\n
\n
\n
what is now my next goal right is to use<\/div>\n<\/div>\n<\/div>\n
\n
\n
what<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was best at to try and improve on<\/div>\n<\/div>\n<\/div>\n
\n
\n
another part of my game<\/div>\n<\/div>\n<\/div>\n
\n
\n
could i use those scalping skills and<\/div>\n<\/div>\n<\/div>\n
\n
\n
tapering skills<\/div>\n<\/div>\n<\/div>\n
\n
\n
to now size up and build into a<\/div>\n<\/div>\n<\/div>\n
\n
\n
a more swing position and this will<\/div>\n<\/div>\n<\/div>\n
\n
\n
allow me to<\/div>\n<\/div>\n<\/div>\n
\n
\n
to take one of my strengths to then<\/div>\n<\/div>\n<\/div>\n
\n
\n
apply that to try to maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
reach or to surpass that barrier that is<\/div>\n<\/div>\n<\/div>\n
\n
\n
stopping me from let’s say being<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know even better trader and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
what were my bottom plates<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know identifying what were the worst<\/div>\n<\/div>\n<\/div>\n
\n
\n
setups should<\/div>\n<\/div>\n<\/div>\n
\n
\n
tell me the stuff that i should be<\/div>\n<\/div>\n<\/div>\n
\n
\n
focusing less on<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then what stuff should i be sizing<\/div>\n<\/div>\n<\/div>\n
\n
\n
down there’s no point<\/div>\n<\/div>\n<\/div>\n
\n
\n
in me giving back half my day<\/div>\n<\/div>\n<\/div>\n
\n
\n
on trades that you know aren’t really<\/div>\n<\/div>\n<\/div>\n
\n
\n
setting up for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
and being able to clearly identify that<\/div>\n<\/div>\n<\/div>\n
\n
\n
will probably<\/div>\n<\/div>\n<\/div>\n
\n
\n
um help you reach that profit target<\/div>\n<\/div>\n<\/div>\n
\n
\n
that much easier the next point here is<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to be a reflection on goals right<\/div>\n<\/div>\n<\/div>\n
\n
\n
so for me if let’s say<\/div>\n<\/div>\n<\/div>\n
\n
\n
right now i’m looking to risk seven to<\/div>\n<\/div>\n<\/div>\n
\n
\n
ten percent of my stop on some of my<\/div>\n<\/div>\n<\/div>\n
\n
\n
bigger picture<\/div>\n<\/div>\n<\/div>\n
\n
\n
ideas if i can go back and identify what<\/div>\n<\/div>\n<\/div>\n
\n
\n
were the setups<\/div>\n<\/div>\n<\/div>\n
\n
\n
what did the tape look like how could i<\/div>\n<\/div>\n<\/div>\n
\n
\n
have potentially risked 20 percent<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then trying to accomplish the goal<\/div>\n<\/div>\n<\/div>\n
\n
\n
of let’s say bigger<\/div>\n<\/div>\n<\/div>\n
\n
\n
picture trades could i have<\/div>\n<\/div>\n<\/div>\n
\n
\n
held risk for longer and then possibly<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know use those those tapering skills<\/div>\n<\/div>\n<\/div>\n
\n
\n
to actually stay in that position so<\/div>\n<\/div>\n<\/div>\n
\n
\n
being able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
clearly you know identify what are those<\/div>\n<\/div>\n<\/div>\n
\n
\n
key steps that you can take<\/div>\n<\/div>\n<\/div>\n
\n
\n
that following month and this can also<\/div>\n<\/div>\n<\/div>\n
\n
\n
speak to<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know to your execution style so<\/div>\n<\/div>\n<\/div>\n
\n
\n
one thing that i did pretty early on<\/div>\n<\/div>\n<\/div>\n
\n
\n
in my career was always a set out<\/div>\n<\/div>\n<\/div>\n
\n
\n
to basically offer out risks so if i<\/div>\n<\/div>\n<\/div>\n
\n
\n
sell half<\/div>\n<\/div>\n<\/div>\n
\n
\n
of a of a position at a one r<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh profit target this means that<\/div>\n<\/div>\n<\/div>\n
\n
\n
at worst that the trade is flat and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
i found that for my own trading that<\/div>\n<\/div>\n<\/div>\n
\n
\n
anytime that i did that i would be<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading the<\/div>\n<\/div>\n<\/div>\n
\n
\n
position in a much smarter way a much<\/div>\n<\/div>\n<\/div>\n
\n
\n
more controlled way<\/div>\n<\/div>\n<\/div>\n
\n
\n
my psychology was better so realizing<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know i made that a clear goal of<\/div>\n<\/div>\n<\/div>\n
\n
\n
mine<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s one of the first steps to<\/div>\n<\/div>\n<\/div>\n
\n
\n
building a consistency is making sure<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you are putting yourself in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
position<\/div>\n<\/div>\n<\/div>\n
\n
\n
where you feel confident and calm and<\/div>\n<\/div>\n<\/div>\n
\n
\n
in full control in your trades so that<\/div>\n<\/div>\n<\/div>\n
\n
\n
way you are managing it<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh properly and then this slide will<\/div>\n<\/div>\n<\/div>\n
\n
\n
speak<\/div>\n<\/div>\n<\/div>\n
\n
\n
to goals for the next month uh this was<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially the case for<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh coming from a environment where<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know spy was let’s say moving three<\/div>\n<\/div>\n<\/div>\n
\n
\n
four percent a day to then moving two<\/div>\n<\/div>\n<\/div>\n
\n
\n
percent a day<\/div>\n<\/div>\n<\/div>\n
\n
\n
to now some days a intraday range of<\/div>\n<\/div>\n<\/div>\n
\n
\n
only 0.5<\/div>\n<\/div>\n<\/div>\n
\n
\n
right is to be ready for the market<\/div>\n<\/div>\n<\/div>\n
\n
\n
volatility to<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh die out which for me would be kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
a change<\/div>\n<\/div>\n<\/div>\n
\n
\n
in what i’m used to seeing so being able<\/div>\n<\/div>\n<\/div>\n
\n
\n
to map out<\/div>\n<\/div>\n<\/div>\n
\n
\n
and mentally prep yourself for those<\/div>\n<\/div>\n<\/div>\n
\n
\n
moments<\/div>\n<\/div>\n<\/div>\n
\n
\n
will then you know allow you to not be<\/div>\n<\/div>\n<\/div>\n
\n
\n
totally shocked and then be able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
to adjust more so in the moment so for<\/div>\n<\/div>\n<\/div>\n
\n
\n
me that was one of my main goals the<\/div>\n<\/div>\n<\/div>\n
\n
\n
next thing was<\/div>\n<\/div>\n<\/div>\n
\n
\n
more of a psychological goal it was that<\/div>\n<\/div>\n<\/div>\n
\n
\n
with the the increase<\/div>\n<\/div>\n<\/div>\n
\n
\n
in my stop i have to mentally accept<\/div>\n<\/div>\n<\/div>\n
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seeing<\/div>\n<\/div>\n<\/div>\n
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larger losses you know at times as well<\/div>\n<\/div>\n<\/div>\n
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and to make sure that<\/div>\n<\/div>\n<\/div>\n
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seeing those did not push me to then<\/div>\n<\/div>\n<\/div>\n
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spiral to try to to<\/div>\n<\/div>\n<\/div>\n
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make it back because i feel so anxious<\/div>\n<\/div>\n<\/div>\n
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seeing those losses and then possibly<\/div>\n<\/div>\n<\/div>\n
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creating something worse<\/div>\n<\/div>\n<\/div>\n
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so mentally setting myself up to the<\/div>\n<\/div>\n<\/div>\n
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point where i accept<\/div>\n<\/div>\n<\/div>\n
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that that everyone has losses and that<\/div>\n<\/div>\n<\/div>\n
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at some point<\/div>\n<\/div>\n<\/div>\n
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there will be some drawdown that will<\/div>\n<\/div>\n<\/div>\n
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seem big and then<\/div>\n<\/div>\n<\/div>\n
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i still have to maintain the right<\/div>\n<\/div>\n<\/div>\n
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process and the right mindset<\/div>\n<\/div>\n<\/div>\n
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so that way i’m successful in the long<\/div>\n<\/div>\n<\/div>\n
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run<\/div>\n<\/div>\n<\/div>\n
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and then lastly uh something that i<\/div>\n<\/div>\n<\/div>\n
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think that is critical for<\/div>\n<\/div>\n<\/div>\n
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for everyone is really just kind of<\/div>\n<\/div>\n<\/div>\n
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taking everything<\/div>\n<\/div>\n<\/div>\n
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one day at a time even you know when<\/div>\n<\/div>\n<\/div>\n
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things are<\/div>\n<\/div>\n<\/div>\n
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going really well if you start thinking<\/div>\n<\/div>\n<\/div>\n
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in these grandiose terms then uh you’re<\/div>\n<\/div>\n<\/div>\n
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more likely to end up making a big<\/div>\n<\/div>\n<\/div>\n
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mistake but especially with<\/div>\n<\/div>\n<\/div>\n
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day trading the beauty is that you can<\/div>\n<\/div>\n<\/div>\n
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just kind of come in every day<\/div>\n<\/div>\n<\/div>\n
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if you want flat and then just<\/div>\n<\/div>\n<\/div>\n
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you know manage like the day properly<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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especially in times where you are<\/div>\n<\/div>\n<\/div>\n
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drawing down like you would be surprised<\/div>\n<\/div>\n<\/div>\n
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how just<\/div>\n<\/div>\n<\/div>\n
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one green day could just uh change<\/div>\n<\/div>\n<\/div>\n
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everything for you<\/div>\n<\/div>\n<\/div>\n
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and it can totally shift your mindset it<\/div>\n<\/div>\n<\/div>\n
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can kind of<\/div>\n<\/div>\n<\/div>\n
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you know ease the burden and then from<\/div>\n<\/div>\n<\/div>\n
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that point on just<\/div>\n<\/div>\n<\/div>\n
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sticking to one day at a time is<\/div>\n<\/div>\n<\/div>\n
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something that could potentially allow<\/div>\n<\/div>\n<\/div>\n
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you to get out of the drawdown<\/div>\n<\/div>\n<\/div>\n
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a lot quicker than you expect hey max if<\/div>\n<\/div>\n<\/div>\n
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i could just cut in here so<\/div>\n<\/div>\n<\/div>\n
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one of the questions that i get asked<\/div>\n<\/div>\n<\/div>\n
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frequently<\/div>\n<\/div>\n<\/div>\n
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and i’m sure dr seemberger asked this<\/div>\n<\/div>\n<\/div>\n
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question as well is we get a<\/div>\n<\/div>\n<\/div>\n
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question to our inbox from a very<\/div>\n<\/div>\n<\/div>\n
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ambitious<\/div>\n<\/div>\n<\/div>\n
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retail trader or independent trader and<\/div>\n<\/div>\n<\/div>\n
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the question goes along the lines of i<\/div>\n<\/div>\n<\/div>\n
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feel like i’m<\/div>\n<\/div>\n<\/div>\n
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\n
breaking through but i’m not quite there<\/div>\n<\/div>\n<\/div>\n
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can you help me can you tell me the<\/div>\n<\/div>\n<\/div>\n
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thing that i need to do<\/div>\n<\/div>\n<\/div>\n
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that’s going to help me get to where i<\/div>\n<\/div>\n<\/div>\n
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want to get<\/div>\n<\/div>\n<\/div>\n
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\n
and the things that we do at our firm<\/div>\n<\/div>\n<\/div>\n
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are the way for people to get better so<\/div>\n<\/div>\n<\/div>\n
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when that person reaches out to me<\/div>\n<\/div>\n<\/div>\n
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who wants to do better and asks how i<\/div>\n<\/div>\n<\/div>\n
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can help them to to do better<\/div>\n<\/div>\n<\/div>\n
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almost always they don’t do the work<\/div>\n<\/div>\n<\/div>\n
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\n
that you’ve just done<\/div>\n<\/div>\n<\/div>\n
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\n
so very clearly we are tagging<\/div>\n<\/div>\n<\/div>\n
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\n
and measuring all of our trades so max<\/div>\n<\/div>\n<\/div>\n
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\n
can tell you what his stats are on<\/div>\n<\/div>\n<\/div>\n
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\n
breaking news trades<\/div>\n<\/div>\n<\/div>\n
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\n
on vwop trades on<\/div>\n<\/div>\n<\/div>\n
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\n
overnight trades they all have names<\/div>\n<\/div>\n<\/div>\n
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\n
they all have stats he’s keeping track<\/div>\n<\/div>\n<\/div>\n
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\n
of all of them<\/div>\n<\/div>\n<\/div>\n
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\n
so when he comes to dr steenberg or<\/div>\n<\/div>\n<\/div>\n
\n
\n
myself and our floor manager<\/div>\n<\/div>\n<\/div>\n
\n
\n
and his team at the end of the month to<\/div>\n<\/div>\n<\/div>\n
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\n
do his review<\/div>\n<\/div>\n<\/div>\n
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\n
and he wants to get better he’s very<\/div>\n<\/div>\n<\/div>\n
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\n
ambitious he wants to<\/div>\n<\/div>\n<\/div>\n
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\n
be the next shark or be the next swang<\/div>\n<\/div>\n<\/div>\n
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\n
or be the next willgis or be the next<\/div>\n<\/div>\n<\/div>\n
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dan g or be the next raf<\/div>\n<\/div>\n<\/div>\n
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right max you’re you’re you know that’s<\/div>\n<\/div>\n<\/div>\n
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absolutely<\/div>\n<\/div>\n<\/div>\n
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we don’t of course any and and and<\/div>\n<\/div>\n<\/div>\n
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\n
that’s great that’s one of the huge<\/div>\n<\/div>\n<\/div>\n
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\n
advantages of being at a prop firm is<\/div>\n<\/div>\n<\/div>\n
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\n
you see those people walk the same halls<\/div>\n<\/div>\n<\/div>\n
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\n
that you do<\/div>\n<\/div>\n<\/div>\n
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\n
and if you are competitive in any way at<\/div>\n<\/div>\n<\/div>\n
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all you’ve got to be thinking to<\/div>\n<\/div>\n<\/div>\n
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\n
yourself<\/div>\n<\/div>\n<\/div>\n
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\n
i can be like that guy<\/div>\n<\/div>\n<\/div>\n
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\n
and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
but that work is we are looking at your<\/div>\n<\/div>\n<\/div>\n
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\n
stats<\/div>\n<\/div>\n<\/div>\n
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\n
what you do well we’re looking at your<\/div>\n<\/div>\n<\/div>\n
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\n
stats what you do poorly and we’re<\/div>\n<\/div>\n<\/div>\n
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crafting a plan for the next month<\/div>\n<\/div>\n<\/div>\n
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\n
as to how you can trade your good trades<\/div>\n<\/div>\n<\/div>\n
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\n
a little bit bigger and more often<\/div>\n<\/div>\n<\/div>\n
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\n
and how you can eliminate your weaker<\/div>\n<\/div>\n<\/div>\n
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\n
trades<\/div>\n<\/div>\n<\/div>\n
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from your from your trading and maybe<\/div>\n<\/div>\n<\/div>\n
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some research you spend a little bit of<\/div>\n<\/div>\n<\/div>\n
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\n
time on to add to be a little bit<\/div>\n<\/div>\n<\/div>\n
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\n
broader<\/div>\n<\/div>\n<\/div>\n
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with your overall goals and then all of<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
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goes into exactly what you’re talking<\/div>\n<\/div>\n<\/div>\n
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about it goes into<\/div>\n<\/div>\n<\/div>\n
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you crafting your daily routine<\/div>\n<\/div>\n<\/div>\n
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of best practices that are effective<\/div>\n<\/div>\n<\/div>\n
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\n
that can get you to that for example<\/div>\n<\/div>\n<\/div>\n
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\n
maybe you’re being impulsive and you<\/div>\n<\/div>\n<\/div>\n
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\n
need to eliminate that<\/div>\n<\/div>\n<\/div>\n
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we may need to look into your sleeping<\/div>\n<\/div>\n<\/div>\n
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we meet we need to<\/div>\n<\/div>\n<\/div>\n
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we may need to measure your sleeping we<\/div>\n<\/div>\n<\/div>\n
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may need to get you some mindfulness<\/div>\n<\/div>\n<\/div>\n
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practice<\/div>\n<\/div>\n<\/div>\n
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we need to make sure that you’re eating<\/div>\n<\/div>\n<\/div>\n
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right through the day<\/div>\n<\/div>\n<\/div>\n
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\n
so happy to get those emails<\/div>\n<\/div>\n<\/div>\n
\n
\n
from the next great trader on the street<\/div>\n<\/div>\n<\/div>\n
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\n
about how they can do better and what<\/div>\n<\/div>\n<\/div>\n
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it’s going to take<\/div>\n<\/div>\n<\/div>\n
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\n
but my answer’s going to be we got to do<\/div>\n<\/div>\n<\/div>\n
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this work<\/div>\n<\/div>\n<\/div>\n
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first to have any idea of what it’s<\/div>\n<\/div>\n<\/div>\n
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going to take<\/div>\n<\/div>\n<\/div>\n
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\n
hey mike can i jump in we’ve got five<\/div>\n<\/div>\n<\/div>\n
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\n
minutes left i just wanted to<\/div>\n<\/div>\n<\/div>\n
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\n
add one perception<\/div>\n<\/div>\n<\/div>\n
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the odds<\/div>\n<\/div>\n<\/div>\n
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\n
of a trader being successful<\/div>\n<\/div>\n<\/div>\n
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\n
i have seen directly related<\/div>\n<\/div>\n<\/div>\n
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\n
to the quality and detail of their<\/div>\n<\/div>\n<\/div>\n
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reviews<\/div>\n<\/div>\n<\/div>\n
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\n
a more thorough and detailed review the<\/div>\n<\/div>\n<\/div>\n
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\n
greater the learning process<\/div>\n<\/div>\n<\/div>\n
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\n
the greater the odds of success all<\/div>\n<\/div>\n<\/div>\n
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\n
right so do you have any go-to<\/div>\n<\/div>\n<\/div>\n
\n
\n
statistical measurements that help<\/div>\n<\/div>\n<\/div>\n
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\n
assess trading performance over a<\/div>\n<\/div>\n<\/div>\n
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specific time period<\/div>\n<\/div>\n<\/div>\n
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\n
there’s a few stats on a trader view<\/div>\n<\/div>\n<\/div>\n
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\n
that i will be looking at one is going<\/div>\n<\/div>\n<\/div>\n
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to be a<\/div>\n<\/div>\n<\/div>\n
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\n
k ratio which is the ratio of your<\/div>\n<\/div>\n<\/div>\n
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\n
wins to losses and just kind of tracking<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
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\n
similar to that will also be um mfe<\/div>\n<\/div>\n<\/div>\n
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to mae which is basically tracking<\/div>\n<\/div>\n<\/div>\n
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\n
what is uh the average that or<\/div>\n<\/div>\n<\/div>\n
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\n
what is your average uh winning a<\/div>\n<\/div>\n<\/div>\n
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\n
position at the greatest point and then<\/div>\n<\/div>\n<\/div>\n
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\n
what is your average losing position<\/div>\n<\/div>\n<\/div>\n
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\n
and that one is specifically important<\/div>\n<\/div>\n<\/div>\n
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because it’s<\/div>\n<\/div>\n<\/div>\n
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\n
it’s uh telling you how much he um<\/div>\n<\/div>\n<\/div>\n
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are you taking on your trades which is<\/div>\n<\/div>\n<\/div>\n
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information for you possibly<\/div>\n<\/div>\n<\/div>\n
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\n
seeing at what point you know like<\/div>\n<\/div>\n<\/div>\n
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should you start uh<\/div>\n<\/div>\n<\/div>\n
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\n
closing out uh your losers so for<\/div>\n<\/div>\n<\/div>\n
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\n
example if you see that<\/div>\n<\/div>\n<\/div>\n
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\n
your average winners are two to one<\/div>\n<\/div>\n<\/div>\n
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\n
right and you start seeing that you’re<\/div>\n<\/div>\n<\/div>\n
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\n
probably drawing down a little bit too<\/div>\n<\/div>\n<\/div>\n
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\n
much for that ratio<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s probably telling you that it’s<\/div>\n<\/div>\n<\/div>\n
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\n
going to be a losing position and you<\/div>\n<\/div>\n<\/div>\n
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\n
should be<\/div>\n<\/div>\n<\/div>\n
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\n
trying to find a way to<\/div>\n<\/div>\n<\/div>\n
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\n
close that out at a favorable price<\/div>\n<\/div>\n<\/div>\n
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\n
possibly a break even or just a smaller<\/div>\n<\/div>\n<\/div>\n
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\n
loss because it’s not<\/div>\n<\/div>\n<\/div>\n
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\n
acting in the way that your winners will<\/div>\n<\/div>\n<\/div>\n
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\n
usually behave<\/div>\n<\/div>\n<\/div>\n
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\n
and then besides that um whatever<\/div>\n<\/div>\n<\/div>\n
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\n
uh a measure is basically just you know<\/div>\n<\/div>\n<\/div>\n
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\n
explained to you<\/div>\n<\/div>\n<\/div>\n
\n
\n
um what is the odds of success<\/div>\n<\/div>\n<\/div>\n
\n
\n
so going through uh you know the the uh<\/div>\n<\/div>\n<\/div>\n
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\n
time of day<\/div>\n<\/div>\n<\/div>\n
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\n
uh when percentage all that kind of<\/div>\n<\/div>\n<\/div>\n
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\n
stuff is is also<\/div>\n<\/div>\n<\/div>\n
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\n
extremely critical thank you next<\/div>\n<\/div>\n<\/div>\n
\n
\n
question for beginner trader are there a<\/div>\n<\/div>\n<\/div>\n
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\n
max number of trades that you should be<\/div>\n<\/div>\n<\/div>\n
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\n
taking each day it seems like i get lost<\/div>\n<\/div>\n<\/div>\n
\n
\n
when i have a large number of trades to<\/div>\n<\/div>\n<\/div>\n
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\n
review for a day week or month<\/div>\n<\/div>\n<\/div>\n
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\n
yeah so i would say that like the max a<\/div>\n<\/div>\n<\/div>\n
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\n
number depends on the person<\/div>\n<\/div>\n<\/div>\n
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\n
i think that that all goes on your<\/div>\n<\/div>\n<\/div>\n
\n
\n
personality so for someone like me<\/div>\n<\/div>\n<\/div>\n
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\n
who really started out in a scalping<\/div>\n<\/div>\n<\/div>\n
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\n
mindset i would take<\/div>\n<\/div>\n<\/div>\n
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\n
50 75 trades per day but they were all<\/div>\n<\/div>\n<\/div>\n
\n
\n
small trades and it was just the way<\/div>\n<\/div>\n<\/div>\n
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\n
that that you know i felt most<\/div>\n<\/div>\n<\/div>\n
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comfortable<\/div>\n<\/div>\n<\/div>\n
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i wasn’t comfortable at first being in a<\/div>\n<\/div>\n<\/div>\n
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position for more than<\/div>\n<\/div>\n<\/div>\n
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\n
five 10 15 minutes that just was not my<\/div>\n<\/div>\n<\/div>\n
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\n
style whereas<\/div>\n<\/div>\n<\/div>\n
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\n
for some traders they’re best at<\/div>\n<\/div>\n<\/div>\n
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\n
building<\/div>\n<\/div>\n<\/div>\n
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\n
a trade you know one or two trade um<\/div>\n<\/div>\n<\/div>\n
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\n
ideas for the day being wider and then<\/div>\n<\/div>\n<\/div>\n
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anything more<\/div>\n<\/div>\n<\/div>\n
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\n
is just too much noise for them so i<\/div>\n<\/div>\n<\/div>\n
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think really just like figuring out what<\/div>\n<\/div>\n<\/div>\n
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you are mentally<\/div>\n<\/div>\n<\/div>\n
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comfortable with and what your stats say<\/div>\n<\/div>\n<\/div>\n
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\n
is successful<\/div>\n<\/div>\n<\/div>\n
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\n
you know they should go with if you find<\/div>\n<\/div>\n<\/div>\n
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\n
that you’re being overwhelmed<\/div>\n<\/div>\n<\/div>\n
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\n
then just i’ll cut that down i mean<\/div>\n<\/div>\n<\/div>\n
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\n
right there<\/div>\n<\/div>\n<\/div>\n
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\n
your psychological feedback is<\/div>\n<\/div>\n<\/div>\n
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\n
is sort of giving you the answer for<\/div>\n<\/div>\n<\/div>\n
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\n
what works because it doesn’t matter<\/div>\n<\/div>\n<\/div>\n
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what<\/div>\n<\/div>\n<\/div>\n
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\n
what works for me for your trading only<\/div>\n<\/div>\n<\/div>\n
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matters what works for you<\/div>\n<\/div>\n<\/div>\n
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\n
for your trading let me add just some<\/div>\n<\/div>\n<\/div>\n
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\n
context to that so at smb<\/div>\n<\/div>\n<\/div>\n
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\n
we trade what we call a stocks and play<\/div>\n<\/div>\n<\/div>\n
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\n
system that’s the system that we teach<\/div>\n<\/div>\n<\/div>\n
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\n
to our traders that means they’re<\/div>\n<\/div>\n<\/div>\n
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\n
looking for stocks that have a news<\/div>\n<\/div>\n<\/div>\n
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\n
catalyst or a technical catalyst that’s<\/div>\n<\/div>\n<\/div>\n
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where they spend their time<\/div>\n<\/div>\n<\/div>\n
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\n
we ask them when they first start<\/div>\n<\/div>\n<\/div>\n
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\n
to start with four stocks from the smb<\/div>\n<\/div>\n<\/div>\n
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\n
stocks and play system<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then only after they show prowess<\/div>\n<\/div>\n<\/div>\n
\n
\n
being able to trade those four stocks<\/div>\n<\/div>\n<\/div>\n
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\n
consistently and they move around each<\/div>\n<\/div>\n<\/div>\n
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\n
day depending on what’s in play<\/div>\n<\/div>\n<\/div>\n
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\n
do they trade more than that you want to<\/div>\n<\/div>\n<\/div>\n
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\n
do well at a small number<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then and only then bump that number<\/div>\n<\/div>\n<\/div>\n
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\n
up<\/div>\n<\/div>\n<\/div>\n
\n
\n
thank you how do you grade ideas and<\/div>\n<\/div>\n<\/div>\n
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\n
execute execution do you assign a number<\/div>\n<\/div>\n<\/div>\n
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\n
so for me um you know uh the biggest<\/div>\n<\/div>\n<\/div>\n
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\n
uh checklist for me is is arvol um<\/div>\n<\/div>\n<\/div>\n
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\n
especially because they were all trading<\/div>\n<\/div>\n<\/div>\n
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\n
stocks in play arval<\/div>\n<\/div>\n<\/div>\n
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\n
which tells you the relative volume will<\/div>\n<\/div>\n<\/div>\n
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\n
tell you how active is that a symbol um<\/div>\n<\/div>\n<\/div>\n
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that day and you know especially for me<\/div>\n<\/div>\n<\/div>\n
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trying to do more<\/div>\n<\/div>\n<\/div>\n
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scalping trades a name that is doing uh<\/div>\n<\/div>\n<\/div>\n
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more volume and more<\/div>\n<\/div>\n<\/div>\n
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active will be more liquid and therefore<\/div>\n<\/div>\n<\/div>\n
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i’m probably going to be<\/div>\n<\/div>\n<\/div>\n
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more successful uh trading that symbol<\/div>\n<\/div>\n<\/div>\n
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than if let’s say the r ball was low and<\/div>\n<\/div>\n<\/div>\n
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there wasn’t that much liquidity<\/div>\n<\/div>\n<\/div>\n
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um so you know like that’s uh check one<\/div>\n<\/div>\n<\/div>\n
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uh where is it on the chart you know is<\/div>\n<\/div>\n<\/div>\n
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it doing our wall but it’s in the middle<\/div>\n<\/div>\n<\/div>\n
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of a six-month range<\/div>\n<\/div>\n<\/div>\n
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the odds that i’m going to get that<\/div>\n<\/div>\n<\/div>\n
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clean breakout trade or breakdown<\/div>\n<\/div>\n<\/div>\n
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is slim whereas if let’s say we just<\/div>\n<\/div>\n<\/div>\n
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broke all-time highs<\/div>\n<\/div>\n<\/div>\n
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on a 5-r ball<\/div>\n<\/div>\n<\/div>\n
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and like the stock is a crazy liquid<\/div>\n<\/div>\n<\/div>\n
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that to me<\/div>\n<\/div>\n<\/div>\n
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is setting up to be a a plus symbol<\/div>\n<\/div>\n<\/div>\n
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where now i should look for my a plus<\/div>\n<\/div>\n<\/div>\n
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setups uh if i could just jump in here<\/div>\n<\/div>\n<\/div>\n
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max use the great word<\/div>\n<\/div>\n<\/div>\n
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checklist i think different traders have<\/div>\n<\/div>\n<\/div>\n
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different items that go<\/div>\n<\/div>\n<\/div>\n
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into their checklist as far as what<\/div>\n<\/div>\n<\/div>\n
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makes a good trade<\/div>\n<\/div>\n<\/div>\n
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but if you have a checklist a b c<\/div>\n<\/div>\n<\/div>\n
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d this is what i look for to have an<\/div>\n<\/div>\n<\/div>\n
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advantage in the marketplace<\/div>\n<\/div>\n<\/div>\n
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then that’s what you base your grade on<\/div>\n<\/div>\n<\/div>\n
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if you<\/div>\n<\/div>\n<\/div>\n
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have made decisions based on all those<\/div>\n<\/div>\n<\/div>\n
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criteria<\/div>\n<\/div>\n<\/div>\n
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that’s an a trade even if that<\/div>\n<\/div>\n<\/div>\n
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particular trade didn’t happen to be<\/div>\n<\/div>\n<\/div>\n
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profitable<\/div>\n<\/div>\n<\/div>\n
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on that occasion thank you is there a<\/div>\n<\/div>\n<\/div>\n
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template or form available to keep track<\/div>\n<\/div>\n<\/div>\n
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of our training<\/div>\n<\/div>\n<\/div>\n
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so uh for me uh personally i’ll use a<\/div>\n<\/div>\n<\/div>\n
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trader view<\/div>\n<\/div>\n<\/div>\n
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which i believe that anyone could create<\/div>\n<\/div>\n<\/div>\n
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a account with<\/div>\n<\/div>\n<\/div>\n
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so that create or or that attracts like<\/div>\n<\/div>\n<\/div>\n
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my stats<\/div>\n<\/div>\n<\/div>\n
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as far as the actual trades um<\/div>\n<\/div>\n<\/div>\n
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you know you can definitely create that<\/div>\n<\/div>\n<\/div>\n
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that on your own basically just like<\/div>\n<\/div>\n<\/div>\n
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outline let’s say a spreadsheet that<\/div>\n<\/div>\n<\/div>\n
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where you<\/div>\n<\/div>\n<\/div>\n
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uh keep track of you know of the symbols<\/div>\n<\/div>\n<\/div>\n
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uh that you thought met your a checklist<\/div>\n<\/div>\n<\/div>\n
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uh a point a<\/div>\n<\/div>\n<\/div>\n
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right and then what was it the setup and<\/div>\n<\/div>\n<\/div>\n
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did that work and then<\/div>\n<\/div>\n<\/div>\n
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go back through that in a weekly review<\/div>\n<\/div>\n<\/div>\n
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and see<\/div>\n<\/div>\n<\/div>\n
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for those symbols where you believe that<\/div>\n<\/div>\n<\/div>\n
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it met<\/div>\n<\/div>\n<\/div>\n
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your checklist for those a plus trades<\/div>\n<\/div>\n<\/div>\n
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right did those work and then constantly<\/div>\n<\/div>\n<\/div>\n
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you know evolve with that process<\/div>\n<\/div>\n<\/div>\n
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until you keep uh refining what are your<\/div>\n<\/div>\n<\/div>\n
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a plus trades<\/div>\n<\/div>\n<\/div>\n
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and just kind of going down um you know<\/div>\n<\/div>\n<\/div>\n
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with that uh a review process but as far<\/div>\n<\/div>\n<\/div>\n
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as a<\/div>\n<\/div>\n<\/div>\n
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strict template um i think that<\/div>\n<\/div>\n<\/div>\n
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will just uh vary based on um you know<\/div>\n<\/div>\n<\/div>\n
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\n
on the trader thanks guys we have time<\/div>\n<\/div>\n<\/div>\n
\n
\n
for one more question here<\/div>\n<\/div>\n<\/div>\n
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how do you determine how big your trade<\/div>\n<\/div>\n<\/div>\n
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position should be<\/div>\n<\/div>\n<\/div>\n
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so for me especially i would say that<\/div>\n<\/div>\n<\/div>\n
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it’s going to be a<\/div>\n<\/div>\n<\/div>\n
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a comfort level for the setup and for<\/div>\n<\/div>\n<\/div>\n
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the degree<\/div>\n<\/div>\n<\/div>\n
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of confidence if let’s say i am<\/div>\n<\/div>\n<\/div>\n
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extremely confident<\/div>\n<\/div>\n<\/div>\n
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and i feel about i hear you<\/div>\n<\/div>\n<\/div>\n
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badgering carlton to give you more risk<\/div>\n<\/div>\n<\/div>\n
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pretty much daily that is true that is<\/div>\n<\/div>\n<\/div>\n
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true<\/div>\n<\/div>\n<\/div>\n
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every friday i run over around 12<\/div>\n<\/div>\n<\/div>\n
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o’clock and run over and beg for more<\/div>\n<\/div>\n<\/div>\n
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risk basically<\/div>\n<\/div>\n<\/div>\n
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um but yeah um um<\/div>\n<\/div>\n<\/div>\n
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yeah so in all seriousness i would say<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
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for those high confidence trades<\/div>\n<\/div>\n<\/div>\n
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if let’s say i’m risking to what is like<\/div>\n<\/div>\n<\/div>\n
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let’s say like the proper stop<\/div>\n<\/div>\n<\/div>\n
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for this bigger trade idea i will feel<\/div>\n<\/div>\n<\/div>\n
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a lot more confident that i can risk a<\/div>\n<\/div>\n<\/div>\n
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bigger portion of my stop<\/div>\n<\/div>\n<\/div>\n
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because like the odds of let’s say<\/div>\n<\/div>\n<\/div>\n
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something like market<\/div>\n<\/div>\n<\/div>\n
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and efficiency or someone like removing<\/div>\n<\/div>\n<\/div>\n
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a certain bid or or offer that<\/div>\n<\/div>\n<\/div>\n
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that ruins you know a certain<\/div>\n<\/div>\n<\/div>\n
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tape trade is not going to be as likely<\/div>\n<\/div>\n<\/div>\n
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and therefore i can feel<\/div>\n<\/div>\n<\/div>\n
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confident that if i’m wrong i was really<\/div>\n<\/div>\n<\/div>\n
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wrong<\/div>\n<\/div>\n<\/div>\n
\n
\n
rather than let’s say just being like<\/div>\n<\/div>\n<\/div>\n
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\n
wicked out so for me like that’s how i<\/div>\n<\/div>\n<\/div>\n
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will<\/div>\n<\/div>\n<\/div>\n
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assess risk on those style trades but<\/div>\n<\/div>\n<\/div>\n
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the real answer also<\/div>\n<\/div>\n<\/div>\n
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\n
is that it should go based on what you<\/div>\n<\/div>\n<\/div>\n
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internally feel a confident and<\/div>\n<\/div>\n<\/div>\n
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every trader will say that if like once<\/div>\n<\/div>\n<\/div>\n
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you enter the trade that you feel<\/div>\n<\/div>\n<\/div>\n
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extremely nervous<\/div>\n<\/div>\n<\/div>\n
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it’s too much risk if you thought that<\/div>\n<\/div>\n<\/div>\n
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that like the risk to the right stop was<\/div>\n<\/div>\n<\/div>\n
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20 of your daily stop and then once you<\/div>\n<\/div>\n<\/div>\n
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buy it<\/div>\n<\/div>\n<\/div>\n
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you know you start sweating obviously<\/div>\n<\/div>\n<\/div>\n
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that was like too much risk<\/div>\n<\/div>\n<\/div>\n
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and that’s like the feedback mechanism<\/div>\n<\/div>\n<\/div>\n
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for<\/div>\n<\/div>\n<\/div>\n
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you to size down that trade at least you<\/div>\n<\/div>\n<\/div>\n
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know<\/div>\n<\/div>\n<\/div>\n
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until you build up more confidence and<\/div>\n<\/div>\n<\/div>\n
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then<\/div>\n<\/div>\n<\/div>\n
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you are mentally in the game while that<\/div>\n<\/div>\n<\/div>\n
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position is on<\/div>\n<\/div>\n<\/div>\n
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for independent traders and for retail<\/div>\n<\/div>\n<\/div>\n
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traders the first step is to be<\/div>\n<\/div>\n<\/div>\n
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consistent<\/div>\n<\/div>\n<\/div>\n
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you want to be consistently profitable<\/div>\n<\/div>\n<\/div>\n
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first<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then from that point you worry about<\/div>\n<\/div>\n<\/div>\n
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sizing up so<\/div>\n<\/div>\n<\/div>\n
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and then after you’re consistently<\/div>\n<\/div>\n<\/div>\n
\n
\n
profitable and you have some experience<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can really do a lot of good damage<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the marketplace last week we had a<\/div>\n<\/div>\n<\/div>\n
\n
\n
huge trading opportunity and one of the<\/div>\n<\/div>\n<\/div>\n
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stocks<\/div>\n<\/div>\n<\/div>\n
\n
\n
and our top traders asked for<\/div>\n<\/div>\n<\/div>\n
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50 percent more risk in one case<\/div>\n<\/div>\n<\/div>\n
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a hundred percent more risk because they<\/div>\n<\/div>\n<\/div>\n
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identified a special<\/div>\n<\/div>\n<\/div>\n
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trading opportunity and<\/div>\n<\/div>\n<\/div>\n
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this one particular person was given<\/div>\n<\/div>\n<\/div>\n
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tons of extra risk because this was a<\/div>\n<\/div>\n<\/div>\n
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\n
special trading opportunity<\/div>\n<\/div>\n<\/div>\n
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\n
but this is a consistent trader this is<\/div>\n<\/div>\n<\/div>\n
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somebody who<\/div>\n<\/div>\n<\/div>\n
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\n
this year is up over 10 million dollars<\/div>\n<\/div>\n<\/div>\n
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\n
in net trading<\/div>\n<\/div>\n<\/div>\n
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profits this is an experienced trader<\/div>\n<\/div>\n<\/div>\n
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and in fact<\/div>\n<\/div>\n<\/div>\n
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given that extra risk the trader went on<\/div>\n<\/div>\n<\/div>\n
\n
\n
to make over a million dollars<\/div>\n<\/div>\n<\/div>\n
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\n
in the particular trade but that’s after<\/div>\n<\/div>\n<\/div>\n
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\n
being consistent and good and<\/div>\n<\/div>\n<\/div>\n
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\n
understanding what their strengths are<\/div>\n<\/div>\n<\/div>\n
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\n
and and getting bigger over time<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh one last quick thought i totally<\/div>\n<\/div>\n<\/div>\n
\n
\n
agree mike the consistency comes first<\/div>\n<\/div>\n<\/div>\n
\n
\n
maxi says something very important<\/div>\n<\/div>\n<\/div>\n
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you’re always risking<\/div>\n<\/div>\n<\/div>\n
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a portion of your daily loss limit<\/div>\n<\/div>\n<\/div>\n
\n
\n
everyone should have a loss limit<\/div>\n<\/div>\n<\/div>\n
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\n
based on the size of their account so<\/div>\n<\/div>\n<\/div>\n
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that they don’t lose<\/div>\n<\/div>\n<\/div>\n
\n
\n
too much of their capital and what<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re risking per trade is a fraction<\/div>\n<\/div>\n<\/div>\n
\n
\n
of that daily loss limit hey go ahead<\/div>\n<\/div>\n<\/div>\n
\n
\n
and click our subscribe button so you<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t miss any of the videos they’re<\/div>\n<\/div>\n<\/div>\n
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producing for you and the trading<\/div>\n<\/div>\n<\/div>\n
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\n
community and please take the time to<\/div>\n<\/div>\n<\/div>\n
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\n
add your feedback<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the comments section for what videos<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’d like for us to produce next<\/div>\n<\/div>\n<\/div>\n
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and what you found helpful from this<\/div>\n<\/div>\n<\/div>\n
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\n
video from all of us at smb train<\/div>\n<\/div>\n<\/div>\n
\n
\n
and trade well<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\"\"<\/a><\/p>\n

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

In this video get a glimpse inside the trading review process at SMB Capital. Mike Bellafiore, Dr. Brett Steenbarger, and Max Ganik discuss best practices and what we work on together at SMB to help traders develop – looking at both the daily and monthly coaching process. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":50283,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50281","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nHow to Conduct a Professional Review of Your Trading | 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\/how-to-conduct-a-professional-review-of-your-trading\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Conduct a Professional Review of Your Trading | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video get a glimpse inside the trading review process at SMB Capital. Mike Bellafiore, Dr. Brett Steenbarger, and Max Ganik discuss best practices and what we work on together at SMB to help traders develop – looking at both the daily and monthly coaching process. * no relevant positions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/how-to-conduct-a-professional-review-of-your-trading\" \/>\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=\"2020-11-19T22:29:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/11\/professional-trade-review-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"smbcapital\" \/>\n<meta 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