{"id":51219,"date":"2021-05-14T12:03:56","date_gmt":"2021-05-14T16:03:56","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=51219"},"modified":"2021-05-14T12:03:56","modified_gmt":"2021-05-14T16:03:56","slug":"this-is-what-unprofessional-trading-looks-like","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/this-is-what-unprofessional-trading-looks-like","title":{"rendered":"This is what unprofessional trading looks like"},"content":{"rendered":"

\"\"<\/p>\n

Good Morning Mr. Bellafiore,<\/span><\/p>\n

I\u2019ve been reading your book One Good Trade<\/em> where you talk about traders doing exercises on exiting losing trades. This seems to be my main problem. I\u2019ve had weeks where I\u2019m up close to five figures then on one day give it all back and then some. Mainly because I get this deer in headlights feeling when a trade moves against me. If not that, it\u2019s a FOMO feeling of what if it turns around.<\/span><\/p>\n

So here I am, knowing why I\u2019m losing money but for whatever the reason in my mind I can\u2019t seem to move past the issue while I\u2019m actually trading.<\/span><\/p>\n

I\u2019d love to hear your thoughts if you have a moment. If you are able to share in your experience what helps someone work past something like this.<\/span><\/p>\n

Bella responds<\/strong><\/p>\n

I do hope we can be honest with each other in this discussion.\u00a0 I do hope you appreciate my response is meant to help.<\/p>\n

It actually upset me reading your email.<\/p>\n

Your trading here is unprofessional.\u00a0 You need to immediately return to the demo, trading simulator.<\/p>\n

It is not professional to take a position, risk capital, and not have a clear exit plan for your trade.\u00a0 You intimate the problem is your psychology: “I get this deer in headlights feeling.”\u00a0 Your problem is your trading system.\u00a0 Well better said, your problem is your lack of a trading system.\u00a0 Specifically, your problem is a lack of an exit system for this trade.<\/p>\n