How the Daily Report Card Helped Legend Become the #1 Trader (Prop Firm)

DRC TEMPLATE: bit.ly/templateDRC
#stockmarket #daytrading #smbcapital
SMB Disclosures www.smbtraining.com/blog/smb-...

[@smbcapital]

DRC TEMPLATE: bit.ly/templateDRC LANCE TWITTER: twitter.com/TheOneLanceB SMB WORKSHOP: bit.ly/3brmIiU

[@johnotaran]

Thank you for sharing, is it possible to share a mock up filled in version as well ?

[@bogdanguranda5754]

Brilliant, thank you!

[@JeroTrades]

Really liked your approach and gives room for thought. Other models are more quantitative. And, although I am late for the summer challenge, I'll sure tag you as soon as I get started posting them on twitter.

[@cameronjohn604]

This is like having a moment to sit with Michael Jordan in the locker room and pick his brain... Thank you Lance and SMB for making this information free and available to new and aspiring traders. Simply amazing.

[@mbellafiore19]

Classic comment

[@mitchdenman109]

"meta learning" was the key phrase for me here. Analyzing how you learn and how to best improve that is crucial.

[@englishetc.5762]

nice document! but what does "PTD only" mean?

[@user-dh7hn9hm8i]

I have been seeing more and more Lance content on this platform and i can say he's very good at what he does.

[@mbellafiore19]

You will see more of him in the future

[@neilmc1981]

Check out his Chats With Traders Interviews /Pods. They are Great!

[@TheBlueskyson]

Is it true Lance is the new Wolf of Wall street? I can see that ambitious glint in his eye. ;-)

[@lone-wolftrader3913]

AND THANK YOU!!!! Ran out of room on last comment. You guys have changed my life and so many others with what you do.

[@smbapplicantross884]

The DRC is very different from the standard trading journal in the way that it includes focused live intraday action steps to course-correct within a trading day, not just documenting past-tense the results of the trade. This is an extremely effective method and high value. I will be implementing this in addition to my current trade-journal. Thanks a lot for this!

[@gideondouglas4773]

"The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioural discipline that are likely to get you where you want to go.

[@andrejkovaevi3436]

You are right, to be a successful person in life requires hard work time and time.

[@sabastianadeline483]

One thing about being successful is working toward it and not going the other way round

[@ashrafsikdar3896]

I'm thinking of investing in the forex and crypto market but taking my time to figure out how the whole thing works.

[@mrlampardgey4051]

It's obvious everyone is doing this online Investment

[@backsidelearner8885]

Now this is a good visual summary breakdown of Chat With Traders with Lance Pt.3 from 1:07:03 to end. Thank you for this breakdown Lance & SMB team!

[@timb4695]

SMB landing Lance is a really big deal. Kudos Mike and Steve! Look forward to more content from Lance. Listened to his 3 part interview wih Aaron Fifield. Great stuff

[@mustafaelham5441]

Appreciate everything you guys do for the trading community.

[@mariuszniyokoso]

This is a super help. I will implement the daily report card and 3-2-1 method to my daily routine. Thank you, Lance.

[@deem5857]

This is a video I’ve been looking for! Thanks for the template, too! You really are striving to help others succeed! Excellent channel!

[@algray8389]

I am a fan of the 3-2-1 method for Ribs. You have to love the Legend and SMB!!!. Thanks for the great video.

[@MariaPNW]

Thank you for sharing! I'll start this week. It took me a year to find this, but it's never too late to learn and improve!

[@fernandoamaya5329]

I started doing a DRC last week and was super curious on how top traders format it. Thanks SMB for the great content!

[@TalentedTenth]

I really like this one. I do a report card called 'the good, the bad and the ugly". I break it down by the whole day based on what I did good, bad or downright ugly in terms of execution and mood. I summarize how to fix the errors with a system driven solution. (i.e. From today... Over trading BECAUSE I was chasing after not securing early gains. Solution: Exit based on signl and be ok leaving $ on the table. Take a walk and await the next alert. When in doubt just get out)

[@ruffdog42]

thank you for sharing this! my process has improved greatly on achieving goals doing a DRC each trading day and then reviewing them over the weekend 321 style.

[@andrewkelly8696]

Thank you great lesson and always much appreciated

[@mosesgunda7316]

Please do more playbook development videos and things to consider before and after a trade. But keep up the good work I learnt a lot more from these videos than any courses I have taken.

[@Wolfykk69]

Thank you for sharing the actual DRC doc and the review. Awesome and very helpful!

[@KT-zx9jr]

Good clip and thanks Lance. That explains the DRC very well. Thanks. Kirby

[@Darius4640]

Thank you, Lance ! Super insightful as always

[@Lythir1]

Thanks for the video and template!

[@cojensen1]

Another great video. I'm enjoying lance's videos on becoming a better trader with meta learning.

[@jenicarobinson6829]

You are awesome @Lance! I have learned a lot watching all your videos. Thank you!!!

[@sandstorm973]

Amazing ideas here! Thanks!

[@user-my5li3xu3m]

Thank you very much now I will take in my case my journaling more consciously and seriously

[@BikeshBudhathoki]

So simple but effective technique, will try my best to stay focused for July, Thanks for sharing!

[@orpheus7117]

This was great! Thank you 🙏

[@skyecoddington2085]

Oh! The report card is a game changer for me!!! Thank you so much for this insight!!🙏🙏🙏

[@andyp324]

this guys energy is a A++

[@pedrosanchez1627]

Great vid! thanks guys

[@christopherluna6718]

Lance great video SMB thank you for the videos.

[@eastcoastgrowshow8495]

Thank you for this information! I can completely understand the need to do this work!

[@kurtcraig9059]

Excellent...the most entrenched bad habits usually take the longest to overcome...without the DRC you cannot adequately identify the bad habit...good stuff and ends up being so simplified...fight yourself until you beat you overcoming bad habits

[@smbcapital]

exactly! why we stress it so much here

[@jeffislearning]

This is great. But I notice when I work on one flaw (overtrade) another one seem to take the wheel (paralysis from overanalysis). There is so much nuances to balance my trading.

[@TheBlueskyson]

Def food for thought. thx Lance.

[@alexleiser6100]

Lance is the man 😎😎😎

[@hisham253]

Great lesson thank you

[@ravd883]

Just downloaded the template. Thank you!

[@philgiffney]

Love this. Ive made a google form with 30 minute reflection windows from 09:30-11:00. Thanks

[@DoingJustThat]

Always nice to view others templates

[@pedrogarciafontova6770]

Pure gold. Thanks a lot for sharing!

[@Dream_ICT_FX]

Thanks before I became a profitable Trader I always watched these videos and they gave me HOPE that o would be where I am here

[@alexhren-boulis918]

Hello! I appreciate this info being shared and am going to start using the DRC. What does the "in my favor" question mean?

[@mac582]

Slowly but surely ;) prioritizing getting even 0.0001% better each day. At some point I’ll eventually reach a stage where I’ll get to show SMB I can be a valuable team member, based on sincere and consistent hard work.

[@themillersbuiltupontherock3742]

Great content thanks for sharing this

[@Guy_With_A_Plan]

Content with Lance is 🔥🔥🔥

[@andrel761]

#DRCSummerChallenge Found this video halfway in July and just completed second consecutive week of DRC. It's not as easy to stay consistent as I thought but SO worth it! Thanks for this!!🙏🏾

[@whynotnaveen]

Lance B has shared some golden nuggets. Thank you Lance and Bella.

[@aaronnicholson8154]

Thanks a bajillion, Lance and SMB!

[@kturcios]

Great Stuff. Starting this today!

[@smbcapital]

You got this!

[@luisdetomaso867]

Great video

[@bossman1958]

thank you!!

[@auchemie1428]

It would be great if Lance can share tips on how he narrows few stocks to focus on. What is the typical time frame he holds when is buys a stock. What is the criteria for selling?

[@smbcapital]

good suggestion. Lance is going to be filming some more stuff this week

[@bloodfiretrading9822]

Hey Legend. Thanks for sharing. Great video. I have been working on being able to properly and more easily spot changes in the market state for the larger time frames in the chart I'm watching when I'm looking for opportunities. I'm reading one good trade at the moment and thought id watch one of SMBs vids. Took a lot away from this. I hope one day I too can be with a group of traders in a community where I can learn from and interact.

[@smbcapital]

thank you! having a great group of traders around you is definitely why traders are successful at SMB

[@bloodfiretrading9822]

@@smbcapital Been using the template and its acctally a bit harder than i thought. But i will get better.

[@couchpotato684]

Thanks.

[@g2c720]

what does listen to Intraday chart and box please? Thanks

[@FatCatsOfWallStreet]

Here's the time stamps for each section of the report card being broken down into it's individual components. 3:22 - Date, Grade, & One goal 4:48 - Reminders / Affirmations 5:14 - Day breakdown / Temperature check 6:25 - Reflection on each segment in the rectangle 6:45 - What I learned / Improved up today 7:09 - Changes I need to make from today 7:32 - Overview 7:49 - Easiest 50K 8:30 - Write up any important trade of the day

[@tomijojo]

Thanks Fat Cat 🤙

[@kkat0781]

Hi Lance, in your template of the Daily Report Card you have a column PTD Only. Can you please let me know what what "PTD" stands for?

[@mikefries2146]

I want to be CPT so badly! I want it more than anything else in the world and I'm willing to do anything to achieve this.

[@teragordon6146]

Anyone who is not investing now is missing a tremendous opportunity

[@183Jeremy]

what does PTD stand for?

[@danreitz690]

really helpful

[@tejeshwarsharma6496]

thanks

[@nicholaswallace9581]

What does PTD only mean?

[@cruiseanthony4022]

Other than SMB capital do you provide a course ? if yes what's the cost and how can I reach you ?

[@vishalbabardx]

What does PTD ONLY means??

[@lgraney]

He has a great name

[@lancecorc2527]

I agree

[@niqvisuals]

Thank you. Wish I had a chance to intern at your firm. I know I have what it takes.

[@niqvisuals]

With your guys help I have been able to progress dramatically in my trading. Journaling is the difference maker. Up 27% in just over a month on my simulation account.

[@gomesdiogo]

@@niqvisuals once heard that journaling for traders is like washing hands for doctors

[@niqvisuals]

@@gomesdiogo Perspective is important. Great way to put it

[@THEHTMASTER]

what was his success rate and the percentage he makes on month?

[@SR-gd7vt]

lol, hung over...I like Lance's content

[@AmandeepSingh-ss9ns]

I 😍 SMB

[@simonhuber6859]

Hi! In one of your last Videos, mike mentioned that it's not just important to learn, practice, etc. Trading, but also that it's done right, for maximum results. Now my question is, what makes doing it right? I currently spend 6 hours a day practising and studying, but I want to do it right, for maximum results. Thanks for your answers!

[@swamper45]

PTD only ?? whats that ??

[@EDWARDLEUNGG]

Anyone know PTD ONLY means? Couldn't find it specifically on the video Thanks!

[@jeremycuno4049]

PDT is PLAY OF THE DAY

[@joegellert6159]

does Lance open course trading school?

[@nev53]

Let's get the f to work

[@bensemuyaba2994]

How can I modify my DRC as a forex trader.. ANYONE here to share and we discuss with them thea template

[@justinholtgrave]

Interested as well. I only trade indices now tho

[@josephmitchell6340]

I wish you could one on one me

[@RA-sy3qb]

.

[@chibukun]

3 2 1 really is delicious 😀 appreciate everything you guys do 💪