{"id":51216,"date":"2021-05-13T12:42:46","date_gmt":"2021-05-13T16:42:46","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=51216"},"modified":"2021-05-13T12:42:46","modified_gmt":"2021-05-13T16:42:46","slug":"2-paths-to-making-more-as-a-trader-not-one","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/2-paths-to-making-more-as-a-trader-not-one","title":{"rendered":"2 Paths to Making More as a Trader (not one!)"},"content":{"rendered":"

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I want to share an important lesson I have learned observing many elite traders.\u00a0 It is a lesson that some have not yet learned as they seek to make more money.\u00a0 It troubles me that some think there is only one path to make more money, when that is just not true.<\/p>\n

Let me share a recent anecdote on our desk, where we shared this with two rising traders as they worked to make more.<\/p>\n

Two firm traders experienced breakout years in 2020.\u00a0 They sit on a terrific trading team, lead by an invaluable team leader.\u00a0 They have shown edge with active short-term trading in their individual firm trading accounts, their bread and butter.\u00a0 And they have expanded their trading business by opening joint accounts to explore other strategies with multiple firm traders.\u00a0 These strategies mostly are longer term, as they seek to forge new sources of edge and revenue streams with their trading.<\/p>\n

These two firm traders have recently experienced a drawdown in their trading, mostly from their newish longer term trading in joint accounts.\u00a0 The drawdown is significant.\u00a0 It is a new trading experience to sit through large losses like these for these traders.\u00a0 In reviewing their recent trading, a central trading issue came up for them to decide upon for their future trading.\u00a0 It is something with which every trader must grapple.<\/p>\n