Tips for Successful Trading (Trading Psychology Every Trader Needs)

In this video, Dr. Steenbarger and Mike Bellafioshare tips for successful trading, focusing on the trading psychology every trader needs. Register for our free intensive trading webinar bit.ly/3lL8TwB
#TradingPsychology #stockmarket #daytrading
SMB Disclosures www.smbtraining.com/blog/smb-...

[@smbcapital]

Learn 3 trades our traders use bit.ly/3lL8TwB

[@jacknwilliams2636]

I thank God for making me Trust Coreytradings on instagram to handle my trading account and was one of the best thing I did for myself, He has been my account manager for some time now and I want to say, it been a wonderful experience so far. If you want to make profit investing in binary options trading, I seriously recommend you to give Coreytradings on instagram a trial and I promise you won't regret it.

[@maxnorlan5258]

@@jacknwilliams2636 My life has been of so much value to me since i met Coreytradings on instagram, he gave me hope with his words and then gave me results, I never believed it is possible to have withdrawals after being scammed several times, but Coreytradings on instagram helped me get withdrawal without asking me for any extra fee at all, thanks you so much sir for making me and my family smile.

[@aquatraderr]

i honestly feel so spoiled for being able to watch this for free... by far the best quality yt channel around trading.

[@mbellafiore19]

Appreciate that!

[@marysophia7334]

WOW It’s unbelievable!! Thank you Coreytradings on instagram, You kept to your words. I can’t believe how much I made in the space of two weeks I’m really grateful. I’m really enjoying this moments thanks so much sir and God bless

[@sharmajai9748]

@@marysophia7334 My life has changed a lot since I started this online trading with Coreytradings on instagram, it has transformed my life from zero to hero, I wouldn't have made it without the help of a trusted account manager. I have been withdrawing quite some time now, I have invested in his platform and earned numerous profits.

[@billc3405]

Absolutely

[@LiveFor_TheLord]

Definitely

[@mangethezwane4729]

I found that success is a journey and not a destination. this is one of the best interviews I have come across. thank you!

[@doutler_at]

AMAZING VIDEO! Thank you very much for all this knowledge sharing and for free, Thank you and God Bless you all

[@jamielee7022]

For more like this, check out Chat with Traders. Arron Fifield has over 200 interviews to include Dr Steenbarger and Bella. Always learning with a growth mindset. 😀

[@mbellafiore19]

👊

[@briandwight4140]

My key takeoff “This is the worst that you will ever be” To myself, You have the information that you need to be successful, You can only control what you choose to do with the information you have

[@G_Mac_Trading]

It is Amazing how much I learn from your videos, Thank you Mike.

[@henriettatan]

One of the best channels thx ❤

[@guilleestevez]

Great video! Thanks for sharing such valuable tips!

[@mbellafiore19]

You are welcome

[@TMacFPV]

Thank you for this video! Hooked on your content. Really like the Dr. Steenbarger vid's too!

[@derekfcc]

Great content as always. As far as the ‘I can’t afford to lose money’ aspect, I’d say it’s all relative. I’ve personally dialed the risk all the way down to $10 per trade in order to get in the groove of going through the motions. Shoot, you could scale it all the way down to $1 risk if you wanted to. Once you’ve gone through the motions, shaken out the jitters, and evaluated your trading on a risk to reward basis, it should be easier (mentally at least) to start to scale up.

[@hc1616]

yep. i went from risking thousands to $30-100 while im still learning more about risk management. thats still netting me a great income weekly

[@levyyakubov5187]

Wonderful insight, trading psychology is so important to become a CPT. Will always be hungry to learn more! Keep them coming :)

[@mbellafiore19]

will do Levy

[@SantiagoGarcia-dt6vb]

Great point on emotions and “having a feel for the market”. Thank you guys

[@smbcapital]

you got it!

[@KT-zx9jr]

Excellent clip. I'll learn your systems n be the best defined as being able to trade any set of market conditions, vol or policy enviro, and be able to get what I want from the market at any given pt in time ....Thanks!

[@mbellafiore19]

Appreciate the contribution Kirby

[@jacobrhartman1]

Excellent content, thanks for your contribution to my education.

[@MacedonainPro]

so much value from these. thank you so much for sharing!

[@smbcapital]

Glad it was helpful!

[@nikhil9154]

Thanks for this great video! I was hoping to ask what is your benchmark for decent returns annually?

[@mattbella12]

Words cannot express how thankful I am for this info! Very encouraging! I am exactly that type of person that Dr. S described that is using simulated trading to build my system because me and my wife live paycheck to paycheck. We are flat broke. There is no way for me to come into the firm through internship etc because I do not have a degree, so my plan is to continue studying the SMBU training modules and finish developing my playbook, working on my review process and continue working on becoming more consistent before I ever even apply for a remote position. I am up against a lot of obstacles but I have faith that it CAN be done in a fair amount of time. My review process is still in development as well as my trading style. Scalping and swing trading both interest me. I am now working on intraday swing trading and trying to understand risk allocation a little better. I am primarily a micro or momentum scalper, so re-allocating risk by adding tiers into a trade as it developes is all new to me. Last month I made the mistake of not cutting back my risk lot sizes while I was in a losing streak and ended up drawling down a huge percent of my yearly gains. I scaled myself back down to $100 risk lots this week from $500 lots, where I was previously at. I went from a $2000 daily risk to a $400 limit. I plan to stay at micro sizes while I practice holding trades longer for bigger moves. I made a 4:1 r/r trade on a gap fade short side trade on a Third Day Play this week and it felt awesome! I am beginning to like trading Second Day Plays and Market Plays the most. IPOs are interesting too. I am looking to make an IPO trade soon. It is easy to find 2:1 r/r setups, but finding 4:1 can be a challenge sometimes. I had a change of heart about market plays. I like trading the QQQs now. Tuesday will be my first day using DAS Trader Pro. I am switching over from TOS to DAS next week. I want to be familiar with that particular platform incase I am ever fortunate enough to get approved for the Equities Tryout program in the future. I am no longer focusing on PnL as long as I am still in trader development. I will start reviewing PnL stats etc once I am done with this development faze of my training and will be doing monthly reports etc by that point. I will not apply to the firm until I have the whole process down. When I say process, I mean the way the reviews and other things are taught in the DNA program. I am in a very challenging spot without a degree, but I know I can do this job once I finish the training and can demonstrate that I can perform all expected task efficiently. I hope that SMB will fund me as a remote trader once I complete this training a prove consistency. I really need to be able to trade full time to reach my maximum potential. I miss a lot of good setups simply because I cant be infront of the computer all day right now. My results will skyrocket when I can finally quit my fulltime nightshift security job and put my full 100% concentration towards trading! I will be that guy who is at my desk by 7:45am every morning and be there until 7pm that night if thats what it takes! Someone will have to pry my ass out of my chair! Maybe oneday. Cant fault a guy for dreaming.

[@mbellafiore19]

Train Experiment Niche Consistency Sizing Breadth Advanced execution

[@mattbella12]

@@mbellafiore19 Thanks...I will follow that plan in that same order from here out!

[@rickyvarady5682]

yes ,,,i been trading for many years them i step away from trading (10 years) ,,now i am trading again and been sitting back and understanding the market seeing what works for me ...and you have said that is what you should do ,,,thank you for bring this up ,, now for 10 weeks i have not made a trade feel that my mindset was not were it should be .Now i feel that i am ready to trade after understanding the market and the way i should go about it ,Your show as giving me a good insite into trading and now knowing i was on the right track about what my thinking was and you saying this is the way you should do .thank for the video keep them coming ,,

[@mbellafiore19]

Awesome

[@mannyk291]

I enjoyed this video sooo much........ thanks for posting.

[@mbellafiore19]

You are welcome Manny

[@gritathletics2014]

Thank you for providing such great content! I just recently came across SMB Capital and so excited I did!

[@mbellafiore19]

you are welcome

[@lucashenry9]

Coreytradings on instagram is the best way to go as long as you are talking about binary options and cryptotrading. He’s experienced and skilled💯 He’s truthful, genuine and reputable 💯💯 He’s honest, kind and trustworthy 💯 Have invested four times and it came out all successful He is for sure the best.

[@scarletthannah4738]

@@lucashenry9 No matter how many breakthroughs, trials will exist and we're going to get through it. The zeal of staying strong is needed. I've been investing with the wrong people thinking I found people I could trust but everything turned out bad, I was at the brink of giving up until I met Coreytradings on instagram then I invested with him and ever since then i've been making lot of profits.

[@benonyt]

Great Video. Can't stress enough that all traders need to tag their trades

[@mickmartin3568]

Wonderful logic and information people can only learn if they are prepared to listen

[@mbellafiore19]

👊

[@rubenh5490]

Yes

[@seancollins1734]

Very enjoyable video!

[@kylebroussard5952]

Thank you so much Mike and Dr. Steenbarger for this insightful content. You guys truly offer more than just about any resource I have found on the internet.

[@smbcapital]

thx Kyle!

[@theshodiyor89]

Love your videos. Shot some about how to pick stocks please?

[@mbellafiore19]

👊

[@rogererickson1187]

I find that doing just one option strategy trade over and over, executing carefully, works for a while and then doesn't. I know that there are probabilities associated with each strategy. So, I have tried to have an arsenal of trades that I can apply based on the market / volatility / economic events. This seems like too much complexity, which leads to frustration, which leads me to video's like this one. I really liked the video and suspect that reviews/statistics, and journaling may help simplify my trading and focus on "what's working" Thanks

[@mbellafiore19]

Thxs for sharing

[@jameswatt8841]

I can’t believe how good the free content is!!!

[@mbellafiore19]

Thxs

[@mbellafiore19]

Neither can my partner

[@lightkirsche]

amazing tips.

[@smbcapital]

Glad it was helpful!

[@joey86bu1]

I bet Mia is an amazing risk manager!

[@Sebastian-qx3fu]

This interview WAS GOLD😎 Thanks Guys👊

[@smbcapital]

of course!

[@sams5708]

Pleasure listening to this incredible chat. Really liked the part about, how multiple things should be fulfilling to you like trading, personal life etc. I find reading about psychology really fulfilling, eventhough I'm a dentist. But habit of reading is really helping me in my trading journey. Also part about daily limit, sizing properly eases the process so much. 🙏

[@mbellafiore19]

good to hear Sam

[@sicZ32]

Hey Mike, are you guys still trading remotely? Incredible Video but that's my only question :)

[@ayashdwibedy4183]

Why do stocks with lower float move more than similar stocks with similar market cap. but relatively higher float? After all, the position sizing limit for a particular market participant would be in %. Please do answer this.

[@smbcapital]

Low floats will have less available shares to trade than a company with a larger float. Opportunity for larger moves

[@StuartFerguson55]

The most basic rules of supply and demand hold the answer to your question. Low float stocks have an inherently low supply. So what an unusual amount of demand comes into the market, usually via some sort of news catalyst, the imbalance can cause a rapid price increase (or decrease).

[@razzyp3999]

Great discussion on the trading tips to become an even better trader.Enjoyed it immensely!😊

[@mbellafiore19]

Gr8 to hear

[@Dannielxgarcia]

Pro What is his podcast called?

[@drewskiii3149]

but there still no opportunity for college drop out traders??

[@muhammadasim2163]

❤

[@Roman-uc3bs]

Did he mean 2% per trade when he said 20% per trade?

[@sam229a]

20% of the daily loss you can afford to take. If $100 is your max loss per day the risk $20 per trade.

[@FastdounutTV]

Im a decimal 8 fig trader as well haha

[@smbcapital]

haha

[@SuperTsogo]

He says he would give you couple years to become successful. But I would like to know if you would get flat minimum salary or no income during those years.

[@SuperTsogo]

@@martincantaluppi6860 so 100% commission?

[@mbellafiore19]

Firm traders are paid for the first few years so they can focus on trading and improving.

[@ChristopherMundahl]

@@mbellafiore19 That's awesome. I'm in Corpus Christi. I love your mindset and communication, and I read that SMB is partnered with KTG. They have a job listing in Austin for a new trader. It's very tempting, and I've gotten a bit of experience as a retail trader, with quite a few profitable trades. I would be giving up my 14 year career in HVAC, which would actually be a blessing if I can match or surpass my current income.

[@damanjaat2101]

How to become hedge fund trader

[@mbellafiore19]

👊

[@gozu9455]

be one with the market 😁. spirituality and trading lol

[@bullsbears3344]

That guy (with a Russian accent, the poker guy) is definitely drunk :-) ... Very very good content Bella! ... Thanks again!

[@mikehicks5516]

I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN... TRADE WELL ON DEMO BUTI THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

[@blundelljames6920]

Same here, My portfolio has been going down the drain while I try trading,! just don't know what I do wrong

[@aammssaamm]

There is no such thing like trading psychology. You either know what to do or don't. Fooling yourself and others with "trading psychology" puts you in the same shoes like someone talking about "accounting psychology", "mathematics psychology" or "physics psychology". If you are emotionally unstable it's nothing to do with trading. It means you have a gambling issue and need to see your therapist before entering this business.

[@mbellafiore19]

Thxs 4 your contribution

[@Icerim]

Psychological tesla move while holding the bag. @Lan Phuong Cali I was stuck holding Tesla at around $502 after the split, showing a loss of $1,100. Held for 2 days and my loss got worse. Changed my strategy today. I saw Tesla at around $380 this morning. I sold all my 40 shares I had been holding at $502. Then bought 80 shares at around $391. By the close of market Tesla climbed to about $428 and settled. I reclaimed my $1,100 loss, plus a profit of $230 out of the hole. Classic refinancing strategy I also used with NVAX today. Will break open this technique in case of emergency going forward. I'm a 6 month rookie trader.

[@yj677]

how do u even trade liquid with 8 figures lol?

[@cutiepuirre6572]

More informations can be made available to you by Joel Ayers. He's a stock market expert, genuine and transparent..

[@cutiepuirre6572]

+ 1 3 3 6 6 1 2 1 8 9 7...

[@noelalam9731]

that psychologist talks like a failure and is a bad representation of the firm.