{"id":50761,"date":"2021-04-19T11:13:11","date_gmt":"2021-04-19T15:13:11","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50761"},"modified":"2021-04-19T11:13:11","modified_gmt":"2021-04-19T15:13:11","slug":"one-trading-myth-that-actually-can-make-you-a-better-trader-and-how","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how","title":{"rendered":"One Trading Myth that Actually Can Make You a Better Trader (and how)"},"content":{"rendered":"

In this video, learn one trading myth that can actually make you a better trader. A firm prop trader shares what has helped him significantly improve as a trader that most are told never to do.<\/p>\nView Video Transcript<\/strong><\/span>

\n
\n
\n
in this video learn one trading myth<\/div>\n<\/div>\n<\/div>\n
\n
\n
that can actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
make you a better trader hi i’m mike<\/div>\n<\/div>\n<\/div>\n
\n
\n
bellafiore co-founder of SMB capital<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we’re a proprietary trading firm<\/div>\n<\/div>\n<\/div>\n
\n
\n
located in midtown manhattan and i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
also the author of the trading classic<\/div>\n<\/div>\n<\/div>\n
\n
\n
one good trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the playbook in this video a firm<\/div>\n<\/div>\n<\/div>\n
\n
\n
prop trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
shares what has helped him significantly<\/div>\n<\/div>\n<\/div>\n
\n
\n
improve as a trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
that most are told never to do let’s get<\/div>\n<\/div>\n<\/div>\n
\n
\n
to work on dispelling this trading myth<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you don’t make the mistake many<\/div>\n<\/div>\n<\/div>\n
\n
\n
others have<\/div>\n<\/div>\n<\/div>\n
\n
\n
[Music]<\/div>\n<\/div>\n<\/div>\n
\n
\n
my name is justin and i’ve been trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
at smb<\/div>\n<\/div>\n<\/div>\n
\n
\n
for about three years um and<\/div>\n<\/div>\n<\/div>\n
\n
\n
before that i interned for a couple<\/div>\n<\/div>\n<\/div>\n
\n
\n
months<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh during my senior year in college um<\/div>\n<\/div>\n<\/div>\n
\n
\n
i recently started mentoring<\/div>\n<\/div>\n<\/div>\n
\n
\n
new traders and developing traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we’re doing this presentation today<\/div>\n<\/div>\n<\/div>\n
\n
\n
to just talk<\/div>\n<\/div>\n<\/div>\n
\n
\n
about what i learned from mentoring how<\/div>\n<\/div>\n<\/div>\n
\n
\n
it has benefited my trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
and how it has led to an increase in<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading profits for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
first i think it’s important to talk<\/div>\n<\/div>\n<\/div>\n
\n
\n
about<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you should look for a mentor or not a<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentor<\/div>\n<\/div>\n<\/div>\n
\n
\n
is not there to answer generic trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
questions so what does that mean exactly<\/div>\n<\/div>\n<\/div>\n
\n
\n
um well if you don’t understand simple<\/div>\n<\/div>\n<\/div>\n
\n
\n
terminology<\/div>\n<\/div>\n<\/div>\n
\n
\n
such as a core position<\/div>\n<\/div>\n<\/div>\n
\n
\n
hitting the bids uh scaling<\/div>\n<\/div>\n<\/div>\n
\n
\n
risking to x stock is squeezing<\/div>\n<\/div>\n<\/div>\n
\n
\n
um then it’s not something that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
should look into<\/div>\n<\/div>\n<\/div>\n
\n
\n
you need to do more research and use the<\/div>\n<\/div>\n<\/div>\n
\n
\n
internet to increase your knowledge<\/div>\n<\/div>\n<\/div>\n
\n
\n
so even if your account balance doesn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
really show it you should feel like an<\/div>\n<\/div>\n<\/div>\n
\n
\n
intermediate trader in terms of<\/div>\n<\/div>\n<\/div>\n
\n
\n
knowledge and to put in another way you<\/div>\n<\/div>\n<\/div>\n
\n
\n
just must be able to talk to talk<\/div>\n<\/div>\n<\/div>\n
\n
\n
you should have some understanding of<\/div>\n<\/div>\n<\/div>\n
\n
\n
popular<\/div>\n<\/div>\n<\/div>\n
\n
\n
intraday trading patterns um<\/div>\n<\/div>\n<\/div>\n
\n
\n
what they mean you should know the<\/div>\n<\/div>\n<\/div>\n
\n
\n
significance of a higher low<\/div>\n<\/div>\n<\/div>\n
\n
\n
a lower high etc in your<\/div>\n<\/div>\n<\/div>\n
\n
\n
studying and in your research you’ll<\/div>\n<\/div>\n<\/div>\n
\n
\n
inevitably<\/div>\n<\/div>\n<\/div>\n
\n
\n
hit a brick wall or the pace at what<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re learning<\/div>\n<\/div>\n<\/div>\n
\n
\n
relative to the amount of time and<\/div>\n<\/div>\n<\/div>\n
\n
\n
effort you’re putting into your studies<\/div>\n<\/div>\n<\/div>\n
\n
\n
is plateauing so you’re putting in work<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and<\/div>\n<\/div>\n<\/div>\n
\n
\n
the information you’re learning it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
just not taking you anywhere else<\/div>\n<\/div>\n<\/div>\n
\n
\n
a mentor is also someone who’s at a<\/div>\n<\/div>\n<\/div>\n
\n
\n
stage in their career<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you want to get to of course<\/div>\n<\/div>\n<\/div>\n
\n
\n
everyone wants to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
a seven-figure trader but that doesn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
mean that<\/div>\n<\/div>\n<\/div>\n
\n
\n
when you’re looking for a mentor you<\/div>\n<\/div>\n<\/div>\n
\n
\n
should ask someone who is making seven<\/div>\n<\/div>\n<\/div>\n
\n
\n
figures<\/div>\n<\/div>\n<\/div>\n
\n
\n
eight figures a year when i was looking<\/div>\n<\/div>\n<\/div>\n
\n
\n
for<\/div>\n<\/div>\n<\/div>\n
\n
\n
a mentor when i first started and i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
making<\/div>\n<\/div>\n<\/div>\n
\n
\n
a couple hundred dollars a day um i<\/div>\n<\/div>\n<\/div>\n
\n
\n
reached out to someone who was making<\/div>\n<\/div>\n<\/div>\n
\n
\n
a few thousand dollars a day that was<\/div>\n<\/div>\n<\/div>\n
\n
\n
the next step that i wanted to get to<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and if you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
someone who is making a couple hundred<\/div>\n<\/div>\n<\/div>\n
\n
\n
dollars a day<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you look for a mentor he’s making a<\/div>\n<\/div>\n<\/div>\n
\n
\n
million dollars you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
their knowledge and experiences it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
just going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
too far beyond what you could process<\/div>\n<\/div>\n<\/div>\n
\n
\n
and<\/div>\n<\/div>\n<\/div>\n
\n
\n
understand um it’s a it’s a step-by-step<\/div>\n<\/div>\n<\/div>\n
\n
\n
process<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you’re making a couple hundred<\/div>\n<\/div>\n<\/div>\n
\n
\n
dollars a day you look for someone<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh to mentor you who’s making a couple<\/div>\n<\/div>\n<\/div>\n
\n
\n
thousand you’re making a couple thousand<\/div>\n<\/div>\n<\/div>\n
\n
\n
dollars a day you want to get to that<\/div>\n<\/div>\n<\/div>\n
\n
\n
five<\/div>\n<\/div>\n<\/div>\n
\n
\n
figure a day<\/div>\n<\/div>\n<\/div>\n
\n
\n
place you look for someone that’s doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
that and then so on and so forth<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and the potential mentor needs to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you’re committed and you’ve already<\/div>\n<\/div>\n<\/div>\n
\n
\n
put in the time<\/div>\n<\/div>\n<\/div>\n
\n
\n
and effort you’re basically asking<\/div>\n<\/div>\n<\/div>\n
\n
\n
someone to take the time out of their<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading day<\/div>\n<\/div>\n<\/div>\n
\n
\n
to spend their mental capital on you so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you need to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
serious about it you need to show<\/div>\n<\/div>\n<\/div>\n
\n
\n
examples of the work you’ve been doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
you need to tell this person<\/div>\n<\/div>\n<\/div>\n
\n
\n
i do xyz in the morning and i scan for<\/div>\n<\/div>\n<\/div>\n
\n
\n
stocks and i look for stocks that are<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing this<\/div>\n<\/div>\n<\/div>\n
\n
\n
after the close this is the work i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i can send you a couple of my<\/div>\n<\/div>\n<\/div>\n
\n
\n
journal entries i can send you a couple<\/div>\n<\/div>\n<\/div>\n
\n
\n
of my playbooks<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know most importantly mentoring<\/div>\n<\/div>\n<\/div>\n
\n
\n
is a brain to pick an ear to listen to<\/div>\n<\/div>\n<\/div>\n
\n
\n
and a push in the right direction um<\/div>\n<\/div>\n<\/div>\n
\n
\n
just to go a little bit further into<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
i once was matched with<\/div>\n<\/div>\n<\/div>\n
\n
\n
a trainee who really just wanted to ask<\/div>\n<\/div>\n<\/div>\n
\n
\n
me what do you think of xyz stock loan<\/div>\n<\/div>\n<\/div>\n
\n
\n
what do you think of xyz stock short can<\/div>\n<\/div>\n<\/div>\n
\n
\n
you get on a voice call<\/div>\n<\/div>\n<\/div>\n
\n
\n
and talk about what you’re trading and<\/div>\n<\/div>\n<\/div>\n
\n
\n
your executions in real time<\/div>\n<\/div>\n<\/div>\n
\n
\n
um that is just not the point of it um<\/div>\n<\/div>\n<\/div>\n
\n
\n
that information will only take you so<\/div>\n<\/div>\n<\/div>\n
\n
\n
far<\/div>\n<\/div>\n<\/div>\n
\n
\n
you need to learn the concepts behind<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trades and entries<\/div>\n<\/div>\n<\/div>\n
\n
\n
so on and so forth if you want to learn<\/div>\n<\/div>\n<\/div>\n
\n
\n
three more real world setups that our<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders use<\/div>\n<\/div>\n<\/div>\n
\n
\n
including the simple setup that we teach<\/div>\n<\/div>\n<\/div>\n
\n
\n
all of our new traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the setup that turned one of our<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders into a seven figure<\/div>\n<\/div>\n<\/div>\n
\n
\n
big money earner check out the free<\/div>\n<\/div>\n<\/div>\n
\n
\n
webinar that we’re currently running<\/div>\n<\/div>\n<\/div>\n
\n
\n
just go ahead<\/div>\n<\/div>\n<\/div>\n
\n
\n
and click the link that should be<\/div>\n<\/div>\n<\/div>\n
\n
\n
appearing now at the top<\/div>\n<\/div>\n<\/div>\n
\n
\n
right hand corner of your screen that<\/div>\n<\/div>\n<\/div>\n
\n
\n
will open up the free registration page<\/div>\n<\/div>\n<\/div>\n
\n
\n
in a new window so don’t worry<\/div>\n<\/div>\n<\/div>\n
\n
\n
you won’t lose this video you can also<\/div>\n<\/div>\n<\/div>\n
\n
\n
visit<\/div>\n<\/div>\n<\/div>\n
\n
\n
tradingworkshop.com to register for this<\/div>\n<\/div>\n<\/div>\n
\n
\n
free intensive workshop<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re going to learn more in a couple<\/div>\n<\/div>\n<\/div>\n
\n
\n
of hours from this trading workshop<\/div>\n<\/div>\n<\/div>\n
\n
\n
than from years of online education<\/div>\n<\/div>\n<\/div>\n
\n
\n
so what does a structured<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentorship look like this is something<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i will send<\/div>\n<\/div>\n<\/div>\n
\n
\n
to new mentees and this is something<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i expect them to follow<\/div>\n<\/div>\n<\/div>\n
\n
\n
i give them suggestions on homework<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it’s like a college course you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re either going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
do the work um<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that way the professor is going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
see that you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
taking it seriously and that way once he<\/div>\n<\/div>\n<\/div>\n
\n
\n
sees that you’re doing the work<\/div>\n<\/div>\n<\/div>\n
\n
\n
or she sees that you’re doing the work<\/div>\n<\/div>\n<\/div>\n
\n
\n
um they’re gonna put more effort into<\/div>\n<\/div>\n<\/div>\n
\n
\n
teaching you um<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you’re gonna get much more out of it<\/div>\n<\/div>\n<\/div>\n
\n
\n
and really<\/div>\n<\/div>\n<\/div>\n
\n
\n
what the homework is is<\/div>\n<\/div>\n<\/div>\n
\n
\n
work that the mentor has done to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
where he’s at<\/div>\n<\/div>\n<\/div>\n
\n
\n
so a few examples mentees are expected<\/div>\n<\/div>\n<\/div>\n
\n
\n
to upload and tag their trades at the<\/div>\n<\/div>\n<\/div>\n
\n
\n
end<\/div>\n<\/div>\n<\/div>\n
\n
\n
of each day into trader view that way<\/div>\n<\/div>\n<\/div>\n
\n
\n
they could get<\/div>\n<\/div>\n<\/div>\n
\n
\n
a detailed look at the statistics of<\/div>\n<\/div>\n<\/div>\n
\n
\n
each trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
each trader is to write a journal entry<\/div>\n<\/div>\n<\/div>\n
\n
\n
to just highlight observations on how<\/div>\n<\/div>\n<\/div>\n
\n
\n
they traded<\/div>\n<\/div>\n<\/div>\n
\n
\n
any errors that they made emotions<\/div>\n<\/div>\n<\/div>\n
\n
\n
related to the trading day<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s pretty much a daily report card<\/div>\n<\/div>\n<\/div>\n
\n
\n
um mentees are also asked to create a<\/div>\n<\/div>\n<\/div>\n
\n
\n
playbook<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is something all of us at smb do<\/div>\n<\/div>\n<\/div>\n
\n
\n
and each week i choose on<\/div>\n<\/div>\n<\/div>\n
\n
\n
a mentee to share the playbook via zoom<\/div>\n<\/div>\n<\/div>\n
\n
\n
screen share<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what that does is it gives them<\/div>\n<\/div>\n<\/div>\n
\n
\n
the chance to talk about a trade that<\/div>\n<\/div>\n<\/div>\n
\n
\n
they took out loud<\/div>\n<\/div>\n<\/div>\n
\n
\n
you could do a little bit of bar by bar<\/div>\n<\/div>\n<\/div>\n
\n
\n
analysis<\/div>\n<\/div>\n<\/div>\n
\n
\n
um for the trade management<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it forces a conversation between the<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentor the mentee<\/div>\n<\/div>\n<\/div>\n
\n
\n
talk about what you could have done<\/div>\n<\/div>\n<\/div>\n
\n
\n
better well you got stopped<\/div>\n<\/div>\n<\/div>\n
\n
\n
out there what could you do differently<\/div>\n<\/div>\n<\/div>\n
\n
\n
next time so on and so forth<\/div>\n<\/div>\n<\/div>\n
\n
\n
and here’s kind of what the schedule<\/div>\n<\/div>\n<\/div>\n
\n
\n
looks like so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll share my ideas the mentee will<\/div>\n<\/div>\n<\/div>\n
\n
\n
share their ideas<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we can discuss those a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh 9 30 of course the bell till about 12<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’ll be trading 12 to 2<\/div>\n<\/div>\n<\/div>\n
\n
\n
during the afternoon hours when stocks<\/div>\n<\/div>\n<\/div>\n
\n
\n
are kind of in a lull<\/div>\n<\/div>\n<\/div>\n
\n
\n
um then we expect to chat a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
talk about what’s setting up for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
close maybe discuss some of the trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
they took<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the morning what trades they’re still<\/div>\n<\/div>\n<\/div>\n
\n
\n
in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and two to four volume begins to pick up<\/div>\n<\/div>\n<\/div>\n
\n
\n
again<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and we’re focused on trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
now throughout the week you can see it<\/div>\n<\/div>\n<\/div>\n
\n
\n
changes a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
and after the close um the mentees will<\/div>\n<\/div>\n<\/div>\n
\n
\n
present a playbook<\/div>\n<\/div>\n<\/div>\n
\n
\n
what we just discussed um and on friday<\/div>\n<\/div>\n<\/div>\n
\n
\n
after the close i will typically do<\/div>\n<\/div>\n<\/div>\n
\n
\n
a zoom meeting and we’ll do a screen<\/div>\n<\/div>\n<\/div>\n
\n
\n
share<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll go over to some of my top trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
for the week<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we’ll do an analysis of each trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
just go<\/div>\n<\/div>\n<\/div>\n
\n
\n
very into detail about why i took the<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade all the checks in favor we’ll take<\/div>\n<\/div>\n<\/div>\n
\n
\n
a look at multiple time frames<\/div>\n<\/div>\n<\/div>\n
\n
\n
um mentees will ask questions and really<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’ll strike up<\/div>\n<\/div>\n<\/div>\n
\n
\n
some really great conversation and<\/div>\n<\/div>\n<\/div>\n
\n
\n
learning opportunities<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s what has really actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
helped me and my process going over<\/div>\n<\/div>\n<\/div>\n
\n
\n
specific trades from the week and<\/div>\n<\/div>\n<\/div>\n
\n
\n
talking out loud and having the mentees<\/div>\n<\/div>\n<\/div>\n
\n
\n
ask questions um<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what that forces me to do is explain<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trades in detail and simplify<\/div>\n<\/div>\n<\/div>\n
\n
\n
some of the concepts and we’ll talk<\/div>\n<\/div>\n<\/div>\n
\n
\n
about that a little more<\/div>\n<\/div>\n<\/div>\n
\n
\n
shortly so a little bit about how i<\/div>\n<\/div>\n<\/div>\n
\n
\n
started mentoring<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh once i became consistently profitable<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was offered the opportunity to mentor<\/div>\n<\/div>\n<\/div>\n
\n
\n
developing traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and i was worried that this would cut<\/div>\n<\/div>\n<\/div>\n
\n
\n
into my time<\/div>\n<\/div>\n<\/div>\n
\n
\n
and take my focus away from from my<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
process<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that was not the case at all what<\/div>\n<\/div>\n<\/div>\n
\n
\n
really happened was<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was teaching lessons<\/div>\n<\/div>\n<\/div>\n
\n
\n
to these new developing traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what that was doing for me was just<\/div>\n<\/div>\n<\/div>\n
\n
\n
reminding me<\/div>\n<\/div>\n<\/div>\n
\n
\n
constantly of<\/div>\n<\/div>\n<\/div>\n
\n
\n
my rules and trading beliefs<\/div>\n<\/div>\n<\/div>\n
\n
\n
and as a junior trader on the desk i<\/div>\n<\/div>\n<\/div>\n
\n
\n
always like to lend a helping hand<\/div>\n<\/div>\n<\/div>\n
\n
\n
to new traders and teach them concepts<\/div>\n<\/div>\n<\/div>\n
\n
\n
and risk management techniques<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i wish someone taught me when i put<\/div>\n<\/div>\n<\/div>\n
\n
\n
on my first trade about<\/div>\n<\/div>\n<\/div>\n
\n
\n
five years ago and<\/div>\n<\/div>\n<\/div>\n
\n
\n
from just a firm perspective i thought<\/div>\n<\/div>\n<\/div>\n
\n
\n
that this could<\/div>\n<\/div>\n<\/div>\n
\n
\n
really benefit the desk as a whole so<\/div>\n<\/div>\n<\/div>\n
\n
\n
little did i know that what this would<\/div>\n<\/div>\n<\/div>\n
\n
\n
do is give a boost<\/div>\n<\/div>\n<\/div>\n
\n
\n
to my overall equity curve from a firm<\/div>\n<\/div>\n<\/div>\n
\n
\n
perspective<\/div>\n<\/div>\n<\/div>\n
\n
\n
or even just a trading group perspective<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you’re in a discord chat<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh it really promotes a learning culture<\/div>\n<\/div>\n<\/div>\n
\n
\n
and eventually it evolves into everyone<\/div>\n<\/div>\n<\/div>\n
\n
\n
sharing ideas and<\/div>\n<\/div>\n<\/div>\n
\n
\n
sharing what they’ve learned um<\/div>\n<\/div>\n<\/div>\n
\n
\n
throughout their training career<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is something i see all the time why<\/div>\n<\/div>\n<\/div>\n
\n
\n
become a mentor<\/div>\n<\/div>\n<\/div>\n
\n
\n
when someone thinks about a training<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentor<\/div>\n<\/div>\n<\/div>\n
\n
\n
a lot of people ask the question well<\/div>\n<\/div>\n<\/div>\n
\n
\n
why would a successful trader take the<\/div>\n<\/div>\n<\/div>\n
\n
\n
time out of their<\/div>\n<\/div>\n<\/div>\n
\n
\n
day to do this if they’re making money<\/div>\n<\/div>\n<\/div>\n
\n
\n
consistently and<\/div>\n<\/div>\n<\/div>\n
\n
\n
just a really simple answer is<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re paying it forward so every<\/div>\n<\/div>\n<\/div>\n
\n
\n
successful trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
knows how difficult it is in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
beginning you’re passionate about<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading you’re very into it you spend<\/div>\n<\/div>\n<\/div>\n
\n
\n
hours researching studying<\/div>\n<\/div>\n<\/div>\n
\n
\n
ripping through charts journaling making<\/div>\n<\/div>\n<\/div>\n
\n
\n
these playbooks reviewing trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
and your p l is either let’s face it<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s going down<\/div>\n<\/div>\n<\/div>\n
\n
\n
or it’s it’s going nowhere you’re not<\/div>\n<\/div>\n<\/div>\n
\n
\n
making money you’re not losing money<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and that could be very disheartening<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh and if we see that you’re putting in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the work<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think that most established<\/div>\n<\/div>\n<\/div>\n
\n
\n
consistently profitable traders are<\/div>\n<\/div>\n<\/div>\n
\n
\n
happy<\/div>\n<\/div>\n<\/div>\n
\n
\n
to pass on their wisdom uh to someone<\/div>\n<\/div>\n<\/div>\n
\n
\n
else that they see has potential<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and how do we see how you have<\/div>\n<\/div>\n<\/div>\n
\n
\n
potential you<\/div>\n<\/div>\n<\/div>\n
\n
\n
are showing us the work that you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing i remember<\/div>\n<\/div>\n<\/div>\n
\n
\n
when i was a developing trader on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
desk<\/div>\n<\/div>\n<\/div>\n
\n
\n
i saw that there was a trader and he was<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading at a level that i wanted to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
to<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i reached out to that trader and<\/div>\n<\/div>\n<\/div>\n
\n
\n
this this junior trader had no idea who<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was i don’t think he’s ever seen my<\/div>\n<\/div>\n<\/div>\n
\n
\n
face before<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and i’ll never forget that<\/div>\n<\/div>\n<\/div>\n
\n
\n
he was nice enough to lend a helping<\/div>\n<\/div>\n<\/div>\n
\n
\n
hand to me<\/div>\n<\/div>\n<\/div>\n
\n
\n
he spoke to me on the phone<\/div>\n<\/div>\n<\/div>\n
\n
\n
multiple times a week for about a half<\/div>\n<\/div>\n<\/div>\n
\n
\n
hour<\/div>\n<\/div>\n<\/div>\n
\n
\n
to an hour just talking about<\/div>\n<\/div>\n<\/div>\n
\n
\n
what got him from where i was to where<\/div>\n<\/div>\n<\/div>\n
\n
\n
he was<\/div>\n<\/div>\n<\/div>\n
\n
\n
and really that made all the difference<\/div>\n<\/div>\n<\/div>\n
\n
\n
to me<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and i think when that happens to<\/div>\n<\/div>\n<\/div>\n
\n
\n
a trader they’re very likely to do the<\/div>\n<\/div>\n<\/div>\n
\n
\n
same for someone else<\/div>\n<\/div>\n<\/div>\n
\n
\n
the second reason is when a trader is<\/div>\n<\/div>\n<\/div>\n
\n
\n
forced to communicate their approach to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the market<\/div>\n<\/div>\n<\/div>\n
\n
\n
and vocalize their thought process<\/div>\n<\/div>\n<\/div>\n
\n
\n
their trades in a simple way less<\/div>\n<\/div>\n<\/div>\n
\n
\n
experienced or newer traders can<\/div>\n<\/div>\n<\/div>\n
\n
\n
understand<\/div>\n<\/div>\n<\/div>\n
\n
\n
it really crystallizes those concepts<\/div>\n<\/div>\n<\/div>\n
\n
\n
for<\/div>\n<\/div>\n<\/div>\n
\n
\n
the mentor um so<\/div>\n<\/div>\n<\/div>\n
\n
\n
a simple example of this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
talking about a a stop loss where you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
putting your stop for a trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh so maybe there<\/div>\n<\/div>\n<\/div>\n
\n
\n
is for example news and a stock and it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
positive news<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the stock was previously trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
below v web for that news<\/div>\n<\/div>\n<\/div>\n
\n
\n
and all of a sudden you get a huge<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume breakout through vwap<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the stock is trading above v-app now<\/div>\n<\/div>\n<\/div>\n
\n
\n
so a mentee or developing trader says<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m going to put my stop just below v<\/div>\n<\/div>\n<\/div>\n
\n
\n
web<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you say well that’s not a good stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
well<\/div>\n<\/div>\n<\/div>\n
\n
\n
why isn’t that a good stop and maybe the<\/div>\n<\/div>\n<\/div>\n
\n
\n
new trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
he doesn’t really understand exactly why<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s not a good stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and then you have to explain what<\/div>\n<\/div>\n<\/div>\n
\n
\n
vwap really<\/div>\n<\/div>\n<\/div>\n
\n
\n
is it’s not really an exact price that<\/div>\n<\/div>\n<\/div>\n
\n
\n
we use<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s just an area and you have to<\/div>\n<\/div>\n<\/div>\n
\n
\n
explain that a little more in detail<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you have to then explain where a<\/div>\n<\/div>\n<\/div>\n
\n
\n
good stop is<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you could say well a good stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
will be<\/div>\n<\/div>\n<\/div>\n
\n
\n
under the price where that news hit and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that volume broke out through vouf you<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to put your stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
under that volume uh candle that high<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume candle<\/div>\n<\/div>\n<\/div>\n
\n
\n
so really it forces you to simplify<\/div>\n<\/div>\n<\/div>\n
\n
\n
concepts<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and<\/div>\n<\/div>\n<\/div>\n
\n
\n
when you do that over and over and over<\/div>\n<\/div>\n<\/div>\n
\n
\n
it really just crystallizes those<\/div>\n<\/div>\n<\/div>\n
\n
\n
so uh moreover i found that most<\/div>\n<\/div>\n<\/div>\n
\n
\n
successful traders are energetic and<\/div>\n<\/div>\n<\/div>\n
\n
\n
just passionate about trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re passionate about the trades that<\/div>\n<\/div>\n<\/div>\n
\n
\n
they take their playbook trades their<\/div>\n<\/div>\n<\/div>\n
\n
\n
setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
and uh they love to take the opportunity<\/div>\n<\/div>\n<\/div>\n
\n
\n
to discuss their trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’ll tell you that say you<\/div>\n<\/div>\n<\/div>\n
\n
\n
see someone that’s more senior to you um<\/div>\n<\/div>\n<\/div>\n
\n
\n
they made a ton of money and you’re just<\/div>\n<\/div>\n<\/div>\n
\n
\n
really wow i would love to make that<\/div>\n<\/div>\n<\/div>\n
\n
\n
much one day<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh let me look at his trade let me ask<\/div>\n<\/div>\n<\/div>\n
\n
\n
him about it and maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know you’re new on the desk or you<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t really know this person so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re a little nervous to approach them<\/div>\n<\/div>\n<\/div>\n
\n
\n
bother them<\/div>\n<\/div>\n<\/div>\n
\n
\n
it might be during the trading day uh i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think that you’ll find that<\/div>\n<\/div>\n<\/div>\n
\n
\n
successful traders they love<\/div>\n<\/div>\n<\/div>\n
\n
\n
to talk about their trades i know i do<\/div>\n<\/div>\n<\/div>\n
\n
\n
i know that any time uh a new developing<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
or you know just someone that<\/div>\n<\/div>\n<\/div>\n
\n
\n
is brand new on the desk comes up to me<\/div>\n<\/div>\n<\/div>\n
\n
\n
and asks me about a trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m more than happy to take the time to<\/div>\n<\/div>\n<\/div>\n
\n
\n
go over it and talk about it<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i saw another nice quote online um<\/div>\n<\/div>\n<\/div>\n
\n
\n
no one learns more about a subject than<\/div>\n<\/div>\n<\/div>\n
\n
\n
someone who operates in the field<\/div>\n<\/div>\n<\/div>\n
\n
\n
and teaches it and i think that is um<\/div>\n<\/div>\n<\/div>\n
\n
\n
very true and here’s a look at the penal<\/div>\n<\/div>\n<\/div>\n
\n
\n
curve<\/div>\n<\/div>\n<\/div>\n
\n
\n
from my starting date when i first<\/div>\n<\/div>\n<\/div>\n
\n
\n
started mentoring which was around this<\/div>\n<\/div>\n<\/div>\n
\n
\n
time last year and until now<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and you could just see that<\/div>\n<\/div>\n<\/div>\n
\n
\n
it has been very consistent um of course<\/div>\n<\/div>\n<\/div>\n
\n
\n
there has been some great trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunities along the way<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i don’t think that<\/div>\n<\/div>\n<\/div>\n
\n
\n
it would be<\/div>\n<\/div>\n<\/div>\n
\n
\n
as nice as it is if i wasn’t doing the<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentoring<\/div>\n<\/div>\n<\/div>\n
\n
\n
and taking the time out of my day to<\/div>\n<\/div>\n<\/div>\n
\n
\n
teach new traders or even just<\/div>\n<\/div>\n<\/div>\n
\n
\n
less experienced traders um my<\/div>\n<\/div>\n<\/div>\n
\n
\n
methodologies<\/div>\n<\/div>\n<\/div>\n
\n
\n
and explaining them in detail so now i<\/div>\n<\/div>\n<\/div>\n
\n
\n
just want to talk a little bit about<\/div>\n<\/div>\n<\/div>\n
\n
\n
the benefits of a mentorship uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
program at a pro firm or even a trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
group such as<\/div>\n<\/div>\n<\/div>\n
\n
\n
a skype group or a discord group<\/div>\n<\/div>\n<\/div>\n
\n
\n
um really what it does is it creates a<\/div>\n<\/div>\n<\/div>\n
\n
\n
learning culture so<\/div>\n<\/div>\n<\/div>\n
\n
\n
internally promoting a mentoring program<\/div>\n<\/div>\n<\/div>\n
\n
\n
fosters<\/div>\n<\/div>\n<\/div>\n
\n
\n
business culture that promotes learning<\/div>\n<\/div>\n<\/div>\n
\n
\n
and growth<\/div>\n<\/div>\n<\/div>\n
\n
\n
when a developing traders are partnered<\/div>\n<\/div>\n<\/div>\n
\n
\n
with a<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentor who can help direct their growth<\/div>\n<\/div>\n<\/div>\n
\n
\n
they know that their future is being<\/div>\n<\/div>\n<\/div>\n
\n
\n
invested in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that could really make all the<\/div>\n<\/div>\n<\/div>\n
\n
\n
difference<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh furthermore a mentoring program<\/div>\n<\/div>\n<\/div>\n
\n
\n
promotes a shared learning atmosphere in<\/div>\n<\/div>\n<\/div>\n
\n
\n
which traders are encouraged to learn<\/div>\n<\/div>\n<\/div>\n
\n
\n
from one another<\/div>\n<\/div>\n<\/div>\n
\n
\n
something that<\/div>\n<\/div>\n<\/div>\n
\n
\n
dr steen barter likes to say is each one<\/div>\n<\/div>\n<\/div>\n
\n
\n
teach one<\/div>\n<\/div>\n<\/div>\n
\n
\n
everyone is an instructor and<\/div>\n<\/div>\n<\/div>\n
\n
\n
a student and there are many things that<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ve learned<\/div>\n<\/div>\n<\/div>\n
\n
\n
from mentees<\/div>\n<\/div>\n<\/div>\n
\n
\n
that where if i hadn’t taken them on<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’d be less off i’ve learned some really<\/div>\n<\/div>\n<\/div>\n
\n
\n
great things from these people<\/div>\n<\/div>\n<\/div>\n
\n
\n
such as different<\/div>\n<\/div>\n<\/div>\n
\n
\n
ways of scaling in front side<\/div>\n<\/div>\n<\/div>\n
\n
\n
and using options so i’m currently<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentoring someone who is really an<\/div>\n<\/div>\n<\/div>\n
\n
\n
options geek<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i have little experience with<\/div>\n<\/div>\n<\/div>\n
\n
\n
options i do have an options account and<\/div>\n<\/div>\n<\/div>\n
\n
\n
i know all the basics<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the basic trades but when we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
talking about<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know shorting the front side of a<\/div>\n<\/div>\n<\/div>\n
\n
\n
move and you think a blow-off is coming<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
is going to shortly be on its backside<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a way to<\/div>\n<\/div>\n<\/div>\n
\n
\n
scale into calls while you’re short<\/div>\n<\/div>\n<\/div>\n
\n
\n
stock that<\/div>\n<\/div>\n<\/div>\n
\n
\n
reduces your risk greatly um<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i was slightly aware of this<\/div>\n<\/div>\n<\/div>\n
\n
\n
but my mentee actually took the time<\/div>\n<\/div>\n<\/div>\n
\n
\n
to create a presentation for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and show me how i could do that<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it was great another example is<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was mentoring a<\/div>\n<\/div>\n<\/div>\n
\n
\n
older gentleman who was a higher time<\/div>\n<\/div>\n<\/div>\n
\n
\n
frame trader a very successful higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
time frame trader but<\/div>\n<\/div>\n<\/div>\n
\n
\n
um he wanted to learn tape reading and<\/div>\n<\/div>\n<\/div>\n
\n
\n
he wanted to learn momentum and price<\/div>\n<\/div>\n<\/div>\n
\n
\n
action<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that was something he was interested<\/div>\n<\/div>\n<\/div>\n
\n
\n
in um so i went ahead and i worked with<\/div>\n<\/div>\n<\/div>\n
\n
\n
this guy<\/div>\n<\/div>\n<\/div>\n
\n
\n
for two months three months and<\/div>\n<\/div>\n<\/div>\n
\n
\n
in return he taught me about something<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i didn’t know existed which was<\/div>\n<\/div>\n<\/div>\n
\n
\n
called the wyckoff method<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and that is basically<\/div>\n<\/div>\n<\/div>\n
\n
\n
accumulation and distribution patterns<\/div>\n<\/div>\n<\/div>\n
\n
\n
within a higher time frame structure<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and this is something i may have<\/div>\n<\/div>\n<\/div>\n
\n
\n
never<\/div>\n<\/div>\n<\/div>\n
\n
\n
learned about or come across if it<\/div>\n<\/div>\n<\/div>\n
\n
\n
wasn’t for that<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i was able to use what i learned<\/div>\n<\/div>\n<\/div>\n
\n
\n
from that when i was trading uh intraday<\/div>\n<\/div>\n<\/div>\n
\n
\n
ranges next it really encourages<\/div>\n<\/div>\n<\/div>\n
\n
\n
personal<\/div>\n<\/div>\n<\/div>\n
\n
\n
and professional growth so i found that<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders learn best when they’re in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
comfortable environment<\/div>\n<\/div>\n<\/div>\n
\n
\n
when they’re paired with a mentor who<\/div>\n<\/div>\n<\/div>\n
\n
\n
they know is guiding them in the right<\/div>\n<\/div>\n<\/div>\n
\n
\n
direction<\/div>\n<\/div>\n<\/div>\n
\n
\n
in return mentees are confident and<\/div>\n<\/div>\n<\/div>\n
\n
\n
comfortable with taking risks<\/div>\n<\/div>\n<\/div>\n
\n
\n
and making mistakes because they<\/div>\n<\/div>\n<\/div>\n
\n
\n
recognize the importance of learning<\/div>\n<\/div>\n<\/div>\n
\n
\n
from those mistakes<\/div>\n<\/div>\n<\/div>\n
\n
\n
the role of a mentor is not only to<\/div>\n<\/div>\n<\/div>\n
\n
\n
talk about profitable straight trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
strategies and talk about<\/div>\n<\/div>\n<\/div>\n
\n
\n
their winning trades it’s also to talk<\/div>\n<\/div>\n<\/div>\n
\n
\n
about<\/div>\n<\/div>\n<\/div>\n
\n
\n
the mistakes that they’ve made and what<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’ve learned from those mistakes<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i think what that does is it makes<\/div>\n<\/div>\n<\/div>\n
\n
\n
the mentee<\/div>\n<\/div>\n<\/div>\n
\n
\n
more comfortable taking taking those<\/div>\n<\/div>\n<\/div>\n
\n
\n
taking those trades and making those<\/div>\n<\/div>\n<\/div>\n
\n
\n
mistakes and getting stopped out<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh for example a new trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
could have a short idea and the short<\/div>\n<\/div>\n<\/div>\n
\n
\n
idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
could be perfect but what they need to<\/div>\n<\/div>\n<\/div>\n
\n
\n
do is they need to<\/div>\n<\/div>\n<\/div>\n
\n
\n
also execute properly<\/div>\n<\/div>\n<\/div>\n
\n
\n
intraday and i find that a lot of new<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders will<\/div>\n<\/div>\n<\/div>\n
\n
\n
say okay this is a really good short<\/div>\n<\/div>\n<\/div>\n
\n
\n
idea from a higher time frame<\/div>\n<\/div>\n<\/div>\n
\n
\n
perspective<\/div>\n<\/div>\n<\/div>\n
\n
\n
um it’s below this very important<\/div>\n<\/div>\n<\/div>\n
\n
\n
support level<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the daily and i think it’s going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
go lower<\/div>\n<\/div>\n<\/div>\n
\n
\n
so what they do is they<\/div>\n<\/div>\n<\/div>\n
\n
\n
wait for the stock to trade um they wait<\/div>\n<\/div>\n<\/div>\n
\n
\n
for an opening range to set up<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then they’re shorting lows and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s something that i used to do<\/div>\n<\/div>\n<\/div>\n
\n
\n
but you know you realize you can’t be<\/div>\n<\/div>\n<\/div>\n
\n
\n
hitting lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
because that’s where the stock is most<\/div>\n<\/div>\n<\/div>\n
\n
\n
likely to bounce what you want to do is<\/div>\n<\/div>\n<\/div>\n
\n
\n
short pops you want to short a lower<\/div>\n<\/div>\n<\/div>\n
\n
\n
high and risk against the previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
lower high you want to short a failure<\/div>\n<\/div>\n<\/div>\n
\n
\n
into v web<\/div>\n<\/div>\n<\/div>\n
\n
\n
you want to wait for a consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
under v web<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and when you talk about<\/div>\n<\/div>\n<\/div>\n
\n
\n
the fact that hey i know you made this<\/div>\n<\/div>\n<\/div>\n
\n
\n
mistake today and i used to do that<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the time um here’s what i learned<\/div>\n<\/div>\n<\/div>\n
\n
\n
from that and here’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
what i do now and what fixed that<\/div>\n<\/div>\n<\/div>\n
\n
\n
mistake<\/div>\n<\/div>\n<\/div>\n
\n
\n
sometimes that’s really all a trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
needs to hear<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they realize that okay well this<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader made the same mistakes that i did<\/div>\n<\/div>\n<\/div>\n
\n
\n
and now he trades this setup um<\/div>\n<\/div>\n<\/div>\n
\n
\n
almost perfectly and it’s one of his<\/div>\n<\/div>\n<\/div>\n
\n
\n
best setups and he makes<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh a lot of his p l on that setup now<\/div>\n<\/div>\n<\/div>\n
\n
\n
and really it just comes full circle so<\/div>\n<\/div>\n<\/div>\n
\n
\n
when a new trader is appointed a mentor<\/div>\n<\/div>\n<\/div>\n
\n
\n
and benefits from the partnership<\/div>\n<\/div>\n<\/div>\n
\n
\n
the mentee is more likely to volunteer<\/div>\n<\/div>\n<\/div>\n
\n
\n
to do the same for the new<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders joining that group or desk<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this can dramatically reduce the<\/div>\n<\/div>\n<\/div>\n
\n
\n
learning curve and<\/div>\n<\/div>\n<\/div>\n
\n
\n
increase p l um across the board<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i know that a lot of the senior guys<\/div>\n<\/div>\n<\/div>\n
\n
\n
run teams on smb<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the juniors learn from the senior<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders and now<\/div>\n<\/div>\n<\/div>\n
\n
\n
a lot of the junior traders on the desk<\/div>\n<\/div>\n<\/div>\n
\n
\n
are being matched with<\/div>\n<\/div>\n<\/div>\n
\n
\n
developing traders second year traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
and now those new developing and second<\/div>\n<\/div>\n<\/div>\n
\n
\n
year traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
um they’re gonna have an obligation<\/div>\n<\/div>\n<\/div>\n
\n
\n
to teach the new guys when they become<\/div>\n<\/div>\n<\/div>\n
\n
\n
junior traders and it’s a trickle-down<\/div>\n<\/div>\n<\/div>\n
\n
\n
effect and overall<\/div>\n<\/div>\n<\/div>\n
\n
\n
um this could just greatly<\/div>\n<\/div>\n<\/div>\n
\n
\n
increase morale and p l across the board<\/div>\n<\/div>\n<\/div>\n
\n
\n
i saw that bella had posted this on his<\/div>\n<\/div>\n<\/div>\n
\n
\n
twitter<\/div>\n<\/div>\n<\/div>\n
\n
\n
he wrote said by one firm trader during<\/div>\n<\/div>\n<\/div>\n
\n
\n
his monthly review<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentoring traders helped me improve my<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading um<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m gonna go ahead and take a wild guess<\/div>\n<\/div>\n<\/div>\n
\n
\n
that that was me<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh and then he writes what if it is just<\/div>\n<\/div>\n<\/div>\n
\n
\n
not accurate<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you should keep your profitable<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading track strategy to yourself<\/div>\n<\/div>\n<\/div>\n
\n
\n
um what if that misbelief is holding you<\/div>\n<\/div>\n<\/div>\n
\n
\n
back<\/div>\n<\/div>\n<\/div>\n
\n
\n
from becoming your best trader and<\/div>\n<\/div>\n<\/div>\n
\n
\n
my thoughts on that are yeah well not<\/div>\n<\/div>\n<\/div>\n
\n
\n
every um consistently profitable trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
is going to want to share with you um<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s okay but what i have to say<\/div>\n<\/div>\n<\/div>\n
\n
\n
to that is<\/div>\n<\/div>\n<\/div>\n
\n
\n
most traders are trading very<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalable strategies we’re trading stocks<\/div>\n<\/div>\n<\/div>\n
\n
\n
in play<\/div>\n<\/div>\n<\/div>\n
\n
\n
that are typically trading tens of<\/div>\n<\/div>\n<\/div>\n
\n
\n
million shares<\/div>\n<\/div>\n<\/div>\n
\n
\n
a day um they’re doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
arvol unusual volume sometimes these<\/div>\n<\/div>\n<\/div>\n
\n
\n
setups that we’re trading are trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
hundreds of million shares a day<\/div>\n<\/div>\n<\/div>\n
\n
\n
why not pass on a trading strategy<\/div>\n<\/div>\n<\/div>\n
\n
\n
that is extremely scalable<\/div>\n<\/div>\n<\/div>\n
\n
\n
to a new trader it’s not going to take<\/div>\n<\/div>\n<\/div>\n
\n
\n
away<\/div>\n<\/div>\n<\/div>\n
\n
\n
your edge it’s not going to take away<\/div>\n<\/div>\n<\/div>\n
\n
\n
what you could get out of a certain move<\/div>\n<\/div>\n<\/div>\n
\n
\n
and also you could teach a new trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
your strategy but does that mean that<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re going to be able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
implement that as good as you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
well no because they also need to have<\/div>\n<\/div>\n<\/div>\n
\n
\n
proper risk management they need to have<\/div>\n<\/div>\n<\/div>\n
\n
\n
an<\/div>\n<\/div>\n<\/div>\n
\n
\n
understanding of how the trade works<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i just don’t think<\/div>\n<\/div>\n<\/div>\n
\n
\n
it is necessarily correct<\/div>\n<\/div>\n<\/div>\n
\n
\n
to to keep your strategies to yourself<\/div>\n<\/div>\n<\/div>\n
\n
\n
if they’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
very scalable and it’s it’s not<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to um take your edge away so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was looking through some of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
replies on twitter and i found some<\/div>\n<\/div>\n<\/div>\n
\n
\n
interesting ones<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh zakir writes a profitable strategy is<\/div>\n<\/div>\n<\/div>\n
\n
\n
one third of the story<\/div>\n<\/div>\n<\/div>\n
\n
\n
being able to adhere to its explicit and<\/div>\n<\/div>\n<\/div>\n
\n
\n
implicit<\/div>\n<\/div>\n<\/div>\n
\n
\n
rules day in and day out is the real<\/div>\n<\/div>\n<\/div>\n
\n
\n
differentiator<\/div>\n<\/div>\n<\/div>\n
\n
\n
good strategies are like good business<\/div>\n<\/div>\n<\/div>\n
\n
\n
ideas a dime a dozen<\/div>\n<\/div>\n<\/div>\n
\n
\n
execution on the other hand yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
um i completely agree with this and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s kind of what i just just spoke<\/div>\n<\/div>\n<\/div>\n
\n
\n
about<\/div>\n<\/div>\n<\/div>\n
\n
\n
you need to adhere to the rules of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
strategy<\/div>\n<\/div>\n<\/div>\n
\n
\n
um or else it’s not going to work<\/div>\n<\/div>\n<\/div>\n
\n
\n
chris writes i always tell my employees<\/div>\n<\/div>\n<\/div>\n
\n
\n
i would never ask them to do something i<\/div>\n<\/div>\n<\/div>\n
\n
\n
would do<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i do the actual task in front of<\/div>\n<\/div>\n<\/div>\n
\n
\n
them initially for training which keeps<\/div>\n<\/div>\n<\/div>\n
\n
\n
me from being rusty<\/div>\n<\/div>\n<\/div>\n
\n
\n
plus over time you’re able to simplify<\/div>\n<\/div>\n<\/div>\n
\n
\n
the strategy as much as possible by<\/div>\n<\/div>\n<\/div>\n
\n
\n
training<\/div>\n<\/div>\n<\/div>\n
\n
\n
um great point and we went over that a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit in the presentation<\/div>\n<\/div>\n<\/div>\n
\n
\n
once you’re simplifying a strategy it<\/div>\n<\/div>\n<\/div>\n
\n
\n
really crystallizes it for you<\/div>\n<\/div>\n<\/div>\n
\n
\n
and constantly reminding yourself<\/div>\n<\/div>\n<\/div>\n
\n
\n
is a great way to follow your rules<\/div>\n<\/div>\n<\/div>\n
\n
\n
intraday day in and day out the trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
network writes<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is certainly true in my experience<\/div>\n<\/div>\n<\/div>\n
\n
\n
um the more we talk about our mistakes<\/div>\n<\/div>\n<\/div>\n
\n
\n
and make them known the more comfortable<\/div>\n<\/div>\n<\/div>\n
\n
\n
we become with addressing them<\/div>\n<\/div>\n<\/div>\n
\n
\n
from an analytical analytical<\/div>\n<\/div>\n<\/div>\n
\n
\n
perspective and furthermore improving<\/div>\n<\/div>\n<\/div>\n
\n
\n
them<\/div>\n<\/div>\n<\/div>\n
\n
\n
i couldn’t agree more with that when we<\/div>\n<\/div>\n<\/div>\n
\n
\n
talk about our mistakes<\/div>\n<\/div>\n<\/div>\n
\n
\n
it makes the mentee and the new trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
feel more comfortable making those<\/div>\n<\/div>\n<\/div>\n
\n
\n
mistakes as we discussed<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it reminds us not to make those<\/div>\n<\/div>\n<\/div>\n
\n
\n
mistakes again in our trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
and sometimes it’s all we need from<\/div>\n<\/div>\n<\/div>\n
\n
\n
keeping us away from a big loss<\/div>\n<\/div>\n<\/div>\n
\n
\n
hey go ahead and click our subscribe<\/div>\n<\/div>\n<\/div>\n
\n
\n
button so you don’t miss any of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
videos they’re producing for you and the<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading community and please<\/div>\n<\/div>\n<\/div>\n
\n
\n
take the time to add your feedback in<\/div>\n<\/div>\n<\/div>\n
\n
\n
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
\n
\n
and what you found helpful from this<\/div>\n<\/div>\n<\/div>\n
\n
\n
video from all of us at smb<\/div>\n<\/div>\n<\/div>\n
\n
\n
train and trade well<\/div>\n<\/div>\n<\/div>\n<\/div>\"\"<\/a><\/p>\n

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

In this video, learn one trading myth that can actually make you a better trader. A firm prop trader shares what has helped him significantly improve as a trader that most are told never to do. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":50763,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50761","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nOne Trading Myth that Actually Can Make You a Better Trader (and how) | 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\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One Trading Myth that Actually Can Make You a Better Trader (and how) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video, learn one trading myth that can actually make you a better trader. A firm prop trader shares what has helped him significantly improve as a trader that most are told never to do. * no relevant positions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how\" \/>\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=\"2021-04-19T15:13:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2021\/04\/trading-myth-better-trader.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"smbcapital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"smbcapital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"19 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how\"},\"author\":{\"name\":\"smbcapital\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a\"},\"headline\":\"One Trading Myth that Actually Can Make You a Better Trader (and how)\",\"datePublished\":\"2021-04-19T15:13:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how\"},\"wordCount\":4401,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2021\/04\/trading-myth-better-trader.jpg\",\"articleSection\":[\"Free Daily Trading Video\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how\",\"name\":\"One Trading Myth that Actually Can Make You a Better Trader (and how) | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2021\/04\/trading-myth-better-trader.jpg\",\"datePublished\":\"2021-04-19T15:13:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2021\/04\/trading-myth-better-trader.jpg\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2021\/04\/trading-myth-better-trader.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"One Trading Myth that Actually Can Make You a Better Trader (and how)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a\",\"name\":\"smbcapital\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/smbcapital\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"One Trading Myth that Actually Can Make You a Better Trader (and how) | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how","og_locale":"en_US","og_type":"article","og_title":"One Trading Myth that Actually Can Make You a Better Trader (and how) | SMB Training","og_description":"In this video, learn one trading myth that can actually make you a better trader. A firm prop trader shares what has helped him significantly improve as a trader that most are told never to do. * no relevant positions","og_url":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2021-04-19T15:13:11+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2021\/04\/trading-myth-better-trader.jpg","type":"image\/jpeg"}],"author":"smbcapital","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"smbcapital","Est. reading time":"19 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how"},"author":{"name":"smbcapital","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a"},"headline":"One Trading Myth that Actually Can Make You a Better Trader (and how)","datePublished":"2021-04-19T15:13:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how"},"wordCount":4401,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2021\/04\/trading-myth-better-trader.jpg","articleSection":["Free Daily Trading Video"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how","url":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how","name":"One Trading Myth that Actually Can Make You a Better Trader (and how) | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2021\/04\/trading-myth-better-trader.jpg","datePublished":"2021-04-19T15:13:11+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2021\/04\/trading-myth-better-trader.jpg","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2021\/04\/trading-myth-better-trader.jpg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/one-trading-myth-that-actually-can-make-you-a-better-trader-and-how#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"One Trading Myth that Actually Can Make You a Better Trader (and how)"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a","name":"smbcapital","url":"https:\/\/www.smbtraining.com\/blog\/author\/smbcapital"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/50761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/290"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=50761"}],"version-history":[{"count":1,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/50761\/revisions"}],"predecessor-version":[{"id":50762,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/50761\/revisions\/50762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/50763"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=50761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=50761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=50761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}