{"id":51384,"date":"2021-11-08T12:03:13","date_gmt":"2021-11-08T17:03:13","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=51384"},"modified":"2021-11-08T12:03:13","modified_gmt":"2021-11-08T17:03:13","slug":"how-you-can-develop-a-trading-hot-streak","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak","title":{"rendered":"How you can develop a trading hot streak"},"content":{"rendered":"

At SMB, our prop firm, we think a great deal about the best way to train new traders.\u00a0 Our core business is training new traders into consistently profitable and then elite traders.\u00a0 Since 2005, this has been our focus for our work.<\/p>\n

New traders go through an extensive training program before they ever trade firm capital.\u00a0 We would never allow them access to firm capital unless they been properly trained.<\/p>\n

We have trained traders differently since 2005, trying different approaches.\u00a0 We have learned through experience that there is an optimal approach, for our firm, to develop new traders.\u00a0 An important component of that optimal approach is to expose<\/strong> traders to many different trading strategies with edge, strategies that are being traded on our desk daily by profitable firm traders.\u00a0 Then after this exposure traders determine their trading niche- the strategies best for them.<\/p>\n

We do not force traders to focus on a few setups.\u00a0 We do not force traders to focus on a certain type of trading.\u00a0 Traders are exposed to different types of trading, varying setups, and distinct teams with unique ways to express trades.\u00a0 We let the traders choose a niche best for them from a broad array of setups, styles, and trade expression.<\/p>\n

It has been our experience that all traders are different.\u00a0 Even our top traders are very different from each other.\u00a0 Traders have different cognitive and psychological makeups.\u00a0 They have different interests.\u00a0 They have unique talents that are best suited for a personal style of trading.<\/p>\n

When traders have chosen their niche, then they express these setups in real-time, carefully measuring their results.\u00a0 For their favorite trades, they PlayBook the setups.\u00a0 Breaking down these most successful trades into succinct variables.\u00a0 Traders can then look for similar setups that they trade best going forward.\u00a0 They know what to look for.<\/p>\n

And again they measure their trading results for trades in their PlayBook.\u00a0 These trading stats inform them what they trade best.\u00a0 They understand from past results what their A+ setups are.\u00a0 From here, we encourage traders to trade these setups with more size and more often.\u00a0 We encourage them to exploit<\/strong> these setups.<\/p>\n

First traders explore.\u00a0 Then traders exploit.\u00a0 First traders explore their edge.\u00a0 Then traders exploit their edge.<\/p>\n

That is why I was delighted and encouraged to read a recent article, Hot Streaks Do Not Happen in Your Career by Accident<\/a>, sent to us by Dr. Jonathan Katz, who coaches Austin firm traders. The article highlights the extensive research from Northwestern University economist Dashun Wang on career successes- career hot streaks.\u00a0 The conclusion from this research is that career hot streaks follow a period after you explore and then exploit.\u00a0 You explore for your best career opportunity and then exploit what you have learned, by seizing the best opportunity for you when it arises for you.<\/p>\n

This tweet below quotes from the article,<\/p>\n

\"\"<\/p>\n

Explore with your trading.\u00a0 Explore different setups, styles, time frames, and ways to express your trades.\u00a0 And then exploit what you have learned by seizing on the trading opportunities and periods of trading best for you.\u00a0 The research and our experience at SMB, shows that this may lead to your trading hot streak.<\/p>\n

Important disclosures<\/a><\/strong><\/p>\n

Mike Bellafiore is the Co-Founder of SMB Capital, a proprietary trading desk, and SMB Training, which provides\u00a0trading education<\/a>\u00a0in stocks, options, and futures. Bella is the author of\u00a0One Good Trade<\/em>\u00a0and\u00a0The PlayBook<\/em>. He welcomes your trading questions at\u00a0mbellafiore@smbcap.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

At SMB, our prop firm, we think a great deal about the best way to train new traders.\u00a0 Our core business is training new traders into consistently profitable and then elite traders.\u00a0 Since 2005, this has been our focus for our work. New traders go through an extensive training program before they ever trade firm capital.\u00a0 We would never allow … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":49580,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5463],"tags":[1193,1354,1989,4690],"class_list":["post-51384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bella-daily-update","tag-trader-education","tag-trading-coach","tag-trading-course","tag-trading-education"],"yoast_head":"\nHow you can develop a trading hot streak | 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-you-can-develop-a-trading-hot-streak\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How you can develop a trading hot streak | SMB Training\" \/>\n<meta property=\"og:description\" content=\"At SMB, our prop firm, we think a great deal about the best way to train new traders.\u00a0 Our core business is training new traders into consistently profitable and then elite traders.\u00a0 Since 2005, this has been our focus for our work. New traders go through an extensive training program before they ever trade firm capital.\u00a0 We would never allow ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak\" \/>\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=\"2021-11-08T17:03:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/01\/me-10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"597\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\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=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"How you can develop a trading hot streak\",\"datePublished\":\"2021-11-08T17:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak\"},\"wordCount\":583,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/01\/me-10.jpg\",\"keywords\":[\"trader education\",\"trading coach\",\"trading course\",\"trading education\"],\"articleSection\":[\"Bella Daily Update\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak\",\"name\":\"How you can develop a trading hot streak | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/01\/me-10.jpg\",\"datePublished\":\"2021-11-08T17:03:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/01\/me-10.jpg\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/01\/me-10.jpg\",\"width\":600,\"height\":597},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How you can develop a trading hot streak\"}]},{\"@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\/80500a901d0e5ce0a27fa996bb1b9161\",\"name\":\"Bella\",\"description\":\"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/bellas-blog\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/bella\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How you can develop a trading hot streak | 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\/how-you-can-develop-a-trading-hot-streak","og_locale":"en_US","og_type":"article","og_title":"How you can develop a trading hot streak | SMB Training","og_description":"At SMB, our prop firm, we think a great deal about the best way to train new traders.\u00a0 Our core business is training new traders into consistently profitable and then elite traders.\u00a0 Since 2005, this has been our focus for our work. New traders go through an extensive training program before they ever trade firm capital.\u00a0 We would never allow ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2021-11-08T17:03:13+00:00","og_image":[{"width":600,"height":597,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/01\/me-10.jpg","type":"image\/jpeg"}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"How you can develop a trading hot streak","datePublished":"2021-11-08T17:03:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak"},"wordCount":583,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/01\/me-10.jpg","keywords":["trader education","trading coach","trading course","trading education"],"articleSection":["Bella Daily Update"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak","url":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak","name":"How you can develop a trading hot streak | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/01\/me-10.jpg","datePublished":"2021-11-08T17:03:13+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/01\/me-10.jpg","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/01\/me-10.jpg","width":600,"height":597},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/how-you-can-develop-a-trading-hot-streak#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"How you can develop a trading hot streak"}]},{"@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\/80500a901d0e5ce0a27fa996bb1b9161","name":"Bella","description":"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.","sameAs":["https:\/\/www.smbtraining.com\/blog\/bellas-blog"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/bella"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/51384","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\/144"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=51384"}],"version-history":[{"count":1,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/51384\/revisions"}],"predecessor-version":[{"id":51387,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/51384\/revisions\/51387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/49580"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=51384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=51384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=51384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}