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Top five trading frustrations


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Top Five Frustrations

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Top five trading frustrations

  1. 1. Solutions for the SMBU Community’s Top Five Trading Frustrations Bella and Spencer Co-Founders- SMBU, SMB Capital, SMB Systems
  2. 2. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through and in person. SMB TRAINING also offers web-based, interactive training courses on demand. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. SMB Training and SMB Capital Management, LLC are separate but affiliated companies. No relevant positions Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.”
  3. 3. Goals • Review SMBU Trading Community’s Trading Frustrations • Offer Solutions for the Top Five Trading Frustrations • “You can be better than you are today!”- Mike Bellafiore, The PlayBook • Help you become a better trader • Give you pro process ideas to improve
  4. 4. Gr8 Job Attending!
  5. 5. SMBU Community Trading Frustrations • • • • • • Can’t pull the trigger from lack of confidence Not adding size to winning trades Letting winners turn into losers Fear of trading with a high ATR Selling too early, missing big moves in TSLA Great entries but getting stopped out knowing I should get back in, watching it work with out me
  6. 6. SMBU Community Trading Frustrations • • • • • • • Not getting out when strategy isn’t working Overtrading in low volatility Not knowing when to exit a trade Not having a “playbook” for my trading Giving back my profits Big ego Not sticking to my game plan
  7. 7. SMBU Community Trading Frustrations • • • • • Unsure how to identify stocks to trade Not being big enough in certain trades Taking big losses as opposed to small losses Lack of perpetration Doubting myself and then watching the trade unfold how I thought it would • Staying in trades that are going nowhere
  8. 8. SMBU Community Trading Frustrations • Unsure of how to Read the Tape • Being inconsistent • Not patient waiting for the stock to hit entries or exits • Not sticking to my stops • Dealing with a string of losses • Overtrading – revenge trading
  9. 9. SMB Community’s Top Five Trading Frustrations • • • • • Selling Too Early Being Stopped Out and then Right Lack of Consistency Lack of Confidence How to Adapt to Changing Market Conditions
  10. 10. #5 Selling Too Early • Selling way to early and missing the large move. Was in TSLA yesterday and sold 8 minutes before 10 pt. run. Saw stock was getting unstable and wussed out. Also in DDD today at 86.06 and sold @ 86.18 and missed 4 pt. move to 90...ouch x2!
  11. 11. #4 Being Stopped Out and Right • “This is an easy question to answer: 1) Watching a trade move in the direction I had originally planned after being stopped out.”
  12. 12. #3 Lack of Consistency • “I have some very good Days but still can’t achieve consistency and comparing my profit from day to day they are too volatile.”
  13. 13. #2 Lack of Confidence • Hi Mike, I appreciate the effort you and your associates put into these webinars 1. Self-belief 2. Lack of self belief in tape reading skills . My thought process goes like this. See a situation developing then start to doubt that this could be right so then I waiting to see if I am right, then when it goes as I thought it would, think I am now too late.
  14. 14. This is trading confidence!
  15. 15. #1 Changing Market Conditions • “I struggle to come to terms with the changing market conditions and how from year to year the markets can seem easier and then harder. This provides frustration as for long periods of time you can apply yourself put in the work and yet earn less. I know P&L is only the score and the process is key but the feeling of a lack of progression eats away at me.”
  16. 16. SMB DNA Open Tomorrow • Message: I have been trying for about 2 months to get on the list for the DNA course. The online response keeps saying "Sold Out" with no option to get on the list. Can you please help? Thank you. KD • Three Free Videos at
  17. 17. SMB DNA • Just read the testimonials • “Awesome program! I am very impressed with the level of effort Mike Bellafiore and Steve Spencer put into mentoring and training the students. There is no one out there that provides the comprehensive training, mentoring, meetings and class materials that SMB provided for the DNA of Success class. The access to the morning ideas meeting and the daily mentoring meetings at noon and after the close were invaluable. The weekly DNA mentoring meetings were also a great experience, being mentored by and being able to chat and ask questions of Bella and Steve was priceless! The class instilled in me the value of the hard work and effort required to become a successful trader. There is a lot to learn and SMB gives you all of the tools and materials to help you succeed.” --Deborah K., St Pete Beach, FL
  18. 18. You Can Improve! • • • • • Domain Knowledge Sustained Energy Critical Feedback Purposeful Practice “You can be better tomorrow than you are today!”- Bella, The PlayBook
  19. 19. Contact Bella • • • • • @mikebellafiore @sspencer_smb