These 8 Trading Rules Can Make You Profitable

[@smbcapital]

Learn the top 3 trade setups we are using on the desk here: bit.ly/4fgjpHc

[@TheBlueskyson]

1. Lower size and risk. 2. Be more selective. 3. Shorten your timeframe. 4. Don't do this alone. 5. One good trade. One good trade. One good trade....6. Do a daily report card on good entries. 7. Keep track of your heart rate in real time and keep it low. 8. Put together your solution with effective best practices. Thanks Mike. I read this as - have a strict trading plan/rules stuck to your computer when trading and follow them. Patience and waiting for opportunities and one good trade is the path. Go get it team. ty

[@mbellafiore19]

awesome!

[@max88Phoenix]

Thanks

[@dannytetreault]

Thx!

[@joefeinstein6804]

I implemented many of these months ago with Jeff's coaching and SMB's training. Reducing size especially took all the stress off. Building a good daily work structure has been huge, plus getting in more and more practice to improve situational awareness and skill, only trading the most in play names, not inventing trades - basically everything SMB teaches has helped me learn to trade without going on tilt, losing stupid amounts of money or getting stuck without improving. You want to do these things to create steady improvement for yourself. It's actually the natural way to learn: you reduce the pressure until you can do it, then take one step after another in the right direction, then gradually increase the difficulty as you're able. It works, but people don't do that. Instead, they rely on their habits and get dragged back constantly. If you keep making the same mistakes over and over, you'll make the process too difficult and create too many problems that are hard to overcome. The thing that makes someone a real high performer is the ability to correct quickly without repeating mistakes.

[@mbellafiore19]

👊

[@Schmitty0202]

Getting back to profitable: 1. Review your best trades / playbooks 2. SIZE DOWN, trade 1 contract/ 1 share etc. 3. Clearly define your edge - What gives you the best chance to make a profitable trade. 4. Create not only a trading plan, create a “mental” game plan with hard stops in place for yourself. Thanks SMB

[@ashokpara7799]

😅

[@noelcuta3981]

The video insights align with my trading challenges and improvements. Lowering Size and Risk helps preserve capital during losing streaks. Being More Selective refines strategy by focusing on the best setups. Shortening Time Frames reduces exposure to market noise. Sharing trades for Accountability brings valuable feedback. Focus on One Good Trade improves consistency, while Daily Report Cards enhance entry/exit precision. Monitoring Heart Rate during trades ensures better decision-making, and creating Plans boosts discipline. These steps help improve selectivity, risk management, and post-trade reviews for better trading performance.

[@mbellafiore19]

👊

[@lawrencekaburu2413]

Thank you SMB. You have helped me identify edge, refine my edge and now the first three rules are perfect. Number three to be specific could be the key to my success. Thank you once more 🎉

[@mbellafiore19]

Love hearing this. Gr8 job by you!

[@Danumals]

My latest trading rules to survive a slump is to have a max loss for the day. Not only that, if I find myself hitting that max loss or breaking any of my trading rules, I force myself to take a day off immediately the following day. Mainly because when the market is not working in my favor, those changing conditions usually last a few days, and the market may take several days to digest the consolidation. This protects me from having multiple max loss days in a row which in the past is likely to happen.

[@mbellafiore19]

Appreciate you sharing

[@awareness4937]

thank you great idea

[@TheCondorHero]

Great advice. When I make a bad trade, I review it thoroughly with additional backtesting to identify subtle factors that might have caused the unexpected outcome. This allows me to refine my strategy by incorporating more variables that helps me find edge. I trade options, so instead of shortening my trades, I prefer to extend my timeframe using theta-neutral directional strategies.

[@seanmonterroso7962]

Monitoring your heart rate definitely stood out to me the most. I feel when I take trades during a moment when im overwhelmed with anxiety and my heart rate speeds up, I end up taking a bad trade. Not necessarily a bad setup, but I end up maybe getting in too early due to my nerves or getting in too late. Remaining calm, being patient and waiting for the appropriate signs is crucial to taking good setups and having good entries.

[@mbellafiore19]

Well you heard it from the #1 trading coach- Dr. Steenbarger

[@defixon]

Ya same, I end up selling too quickly. I can feel my heart rate start to increase before I enter the trade as I’m waiting for the setup to form. Time to mediate before trading.

[@texla7392]

“Shorten your time frame” hit home for me. Find myself trying to round the bases on a single. smh. Thank you for this video and ALL the other ones!

[@mbellafiore19]

you are welcome. appreciate you sharing here.

[@brandonfalcon1283]

Shortening your timeframe is by far the most overlooked piece of advice Mike gives! Gold!

[@mbellafiore19]

Appreciate the feedback. Holding for the real move often brings more variance, so shortening your time frame can help some regain consistency.

[@FoursideAssetManagement]

What a great video - thank you so much SMB! Very helpful to me.

[@mbellafiore19]

you are welcome

[@max55well]

Thanks for these tips. Obeying my trading rules is probably my worst challenges. I'm always profitable when I obey All my rules.

[@mbellafiore19]

Write them down. Keep them in front of you. Add an accountability partner. DRC on this issue. Let's go!

[@johnwatson3273]

Resist fomo and slow down, be consistent, patient. You don't have to trade everyday if there isn't a setup that males sense. Small green is better than red as it builds confidence.

[@mbellafiore19]

appreciate you sharing

[@kaushalkumar8769]

Thanks Mike for giving us new hope in drawdown periods

[@mbellafiore19]

You are welcome. I hope it adds value for your trading.😊

[@theoneeman]

@mikebellafiore-- great video about how to get out of a slump. One rule I have is "3 losses in a row- I've got to go"- meaning I clearly am not seeing the set-ups correctly and are making decisions on things other than my edge/playbook. So I have to walk away shut it down.. do something else for a while not associated with trading and then come back.. it has worked really well in keeping me from blowing up my account and revenge trade. One highlight from your rules-- reduce risk.. stay small until you can get back in the grove with process.. Thanks for all you are doing. As an inside access student I am learning a lot.. Peace..

[@mbellafiore19]

I like the 3xs and you are out trading rule

[@J44p174]

I have a trade entry criteria, and if even one of the factors are missing, I don’t enter the trade. Written at the top and bottom of the page is ‘Follow the rules, or lose money’. Fighting the FOMO demon is an on going battle, but a glance at my list of rules does the trick.

[@mbellafiore19]

thxs for sharing with us. trade well

[@PankajYadav-st5tt]

My first rule is to obtain risk to reward ratio according to strike rate second is to pull trigger whenever trade built w/o hesitation continuous improvement in trade selection I am a system trader so , I trade just my setup according to market's major trend and type

[@RealPhilTrades]

Another incredible video, thanks SMB!

[@smbcapital]

thank you!

[@ronnell6897]

Do SMB accept traders from outside the United States...

[@smbcapital]

we have a few who are outside but almost all are inside the US

[@estump9919]

Rule one: what is market doing?🎉 Rule two: do i have a set up for this market conditions? Rule three: what grade set up am i placing Rule four: dont hesitate execute

[@mbellafiore19]

thxs for sharing

[@TheBlueskyson]

Shark once told me when i met the man for coffee in NYC last year. Buy low, sell high. That's the guiding principle. Pure gold. I've hit 6 figures for the first time in June. ty 4 vid

[@OldManPaxusYT]

hahaha

[@abrahamc3057]

Lol

[@MannatYadav-e9n]

CAN U PLEASE ELOBARATE IT SIR

[@TheBlueskyson]

@@MannatYadav-e9n Basically look to Buy at support low in the charts range, and sell at resistance high in charts range. Learn some candlestick patterns too bro. Trade with the daily/main trend direction.

[@paulnyagini]

😂😂😂😂😂 . Buy high sell low is a common knowledge.

[@saadmahmood457]

sloppy entries, something i definitely noticed through my daily reviews: for example shorting the flush, instead of waiting for the second chance bounce, or on long setups, entering on a stop above the breakout level, instead of a retest, or letting the trade firs hold above the level to confirm strength in the breakout. Also, tightening stops too early when the trade has started working in your favor. trade the chart, not the PnL. Thanks Mike as always!

[@Ganondalf3]

off topic question: whats the difference between your Miami and NY offices?

[@smbcapital]

Miami office just opened this year. We already had a bunch of traders down there so it made sense to open one. We plan to grow it further

[@intriguelearner652]

Thx for the vid. I needed this today.

[@mbellafiore19]

glad it helpedl trade well

[@dvtco.2545]

I have just went through a mental round of this with myself. One of the things I found out (w/myself) was that I needed to step back and focus on the right trade(s). I think you're right, seeing these videos of people who say they're killing the market may not actually be doing that (Thank you LB for clarifying that thought on X). But they're still trying to up their KZbin sub's. Very odd request from those making obscene amounts of money in their videos. I always wonder. This market isn't perfect. I'm watching (and re-watching) your offerings. Maybe this is the perfect time (pre-election markets) to do some education and homework? (saying that to myself)

[@karlgruen2895]

For me works daily scheduled drills with risk manager , who is unfortunately me. Every trade analyzed, graded, and yes, improvement plan on EVERY trade. Don't have the time? Do less trades, so be more selective. Continue daily intensive drills until you score at least 8 out of 10 average on all trades, regardless of profitability.

[@SageFT77]

Thank you, Mike.

[@mbellafiore19]

You are welcome. Thxs for viewing Sage

[@renecouture3719]

How much weight/skill is loaded onto the person compared to the tooling that watches and computes the market?

[@TheBlueskyson]

8:53 Good to see John Meyer hitting the charts after a recent album sales slump.

[@hassann.mugisha6084]

sizing down is key, im so so nervous about heavy contracts

[@mbellafiore19]

At our firm, traders earn larger size and risk after proving edge with smaller size. And if they slip, then lowering size to get back on track is often a best practice.

[@dietduce]

Excellent video! Thank you!

[@ElviraAngelina]

Давид, как ты начинал? Какой был у тебя стартовый капитал? Думаю, с какой суммы лучше начать.

[@natethegreat9372]

do you mean for #3 like dont look at the market for to long? or do you mean do not be in a trade for to long

[@mbellafiore19]

how long you hold the trade (skilled active trader)

[@alibehzadpour6334]

this is great. immediately useful

[@mbellafiore19]

love hearing this

[@Crypto4You84]

4:06 Lower size and risk.

[@FelipeZavozin]

I really want to work in SMB . Help me start studying. Thank you

[@mbellafiore19]

Train well and look forward to this.

[@FelipeZavozin]

@@mbellafiore19 I want to study with you. How can I get to study with you. Thank you

[@catamarancio]

Camila, esto me ayudó a entender mejor el mercado

[@sconchee]

Do you take on non college graduates?

[@FezyabXcalps]

1.focus on how to lose less than what you plan to lose . 2.enter the market at wright time and focus on your setups . 3.if you don't feel confident just reduce your risk .

[@paulnyagini]

normally when someone feels to confidence is more likely to increase the risk than to reduce it. What are you Saying bro?

[@FezyabXcalps]

@paulnyagini not this I mean the fear of execution

[@kimbiwasmith9661]

1. Whisky. 2. Whiskey. 3. Beer. 4. Wine 5. Prayer. 6. Talisman. 7. Spray n Pray. 8. Fortune Tellers…I call them quants.

[@muhammadmusa483]

Always to stay updated and don't take any trade that R:R is less than 1:2

[@scco0401]

Fácil de seguir. El trading es ahora más accesible.

[@jamesspink8697]

Sell half of a loosing position; usually lowers your cost basis $

[@SpyderInsyder]

Stop adding to losers is the biggest one for me, you become overleveraged with a delta that is decreasing in value. Don't move your stop loss on a losing trade.

[@proc4684]

Slow everything down. Emotions as a trader is a killer.

[@mbellafiore19]

appreciate you contributing here

[@traveller70]

How to become profitable in trading

[@herbertnondo]

Patience, wait for opportunities. If you can't see any real opportunity, don't take the trade.

[@orlandoj3904]

Heartrate low, I never heard that one. The number one rule for me is test the strategy for a couple of days and then have the vision and conviction to follow it up with confidence.

[@mbellafiore19]

let's go!

[@orlandoj3904]

@@mbellafiore19 all the way!

[@bibbidi_bobbidi_bacons]

🦆🦆🦆