What's Holding You Back From Being A Consistently Profitable Trader? (We Answer Your Questions)

Merritt took to twitter to hear from you, the trading community, on what exactly is it that is holding you back from becoming a consistently profitable trader? smbfutures.com
#ProfitableTrader #stockmarket #daytrading
SMB Disclosures www.smbtraining.com/blog/smb-...

[@el-sig2249]

"The solution is removing the conflict"! "The next trade is more important than the last mistake." Excellent!

[@jricherts99]

Overtrading used to be a killer for me now i sit and wait and strike like an eagle from the air death from above!

[@jricherts99]

@Bob no fear only read the math high and low forget the news they time the news to coincide with the techicals to make people think it's news driven it's not tune out the news listen to Debussy when you trade

[@mAthXjAzz]

jricherts99 😀 patterns are based on expectations dude. That’s why it seems “they” time the news.

[@mAthXjAzz]

Maybe you are not a day trader. Maybe you shall take swings. Provides much better RRR. Requires less action. Protects from decision fatigue as well. Suddenly you are out of the woods.

[@computaga]

what did you realized that made you stopped from overtrading? thanks

[@AlexPotts]

Great job Merritt. We talked 3 years ago for an hour on the phone and you really helped point me in the right direction and gave me confidence that I could do this. Proud to say this year i’ve finally become profitable (as long as I don’t completely blow it in the next month haha). Back then when we talked I thought I was turning the corner to profitability... and you were like ehhh pump the brakes.. lol you were right. 3 years later, and I know this time it’s actually legit. I’ve heard great things about that book, The Inner Game of Tennis. I’m going to give it a read.

[@tayronachan]

Just thanking you guys at SMB again, and again, for these videos/talks. Keep them coming.

[@smbcapital]

thx! we will keep them coming

[@razzyp3999]

Continuation of what is !!! I like that statement very true ..in present time observation! Instead of thinking what you think it shout be..Your a good teacher.. I might take your intro course on the futures. PS.say Hi to Mike for me!

[@rafiqislam8037]

One of the best videos from SMB.

[@KillaKam922]

Really good. Thank you!

[@crisg6241]

Thank you for uploading valuable information. And thank you for taking the time to upload this great content.

[@savalisadkins4709]

The negative is always positive when you can learn from your mistakes or losses. I believe the best question to ask yourself is where did I go wrong or what did I do to have a loss? And what can I do to fix this? That's just me, good stuff Merritt.

[@6Deep6]

Hi Merritt. I create scenarios every day for my Hang Seng Futures trading. I've read a lot about the "playbook" that Bella and all of SMB seem to tout as essential. When trading a single market, such as a futures product all day and creating these scenarios. I don't know how to playbook it because every day involves too many context variables that I cannot group them into discrete playbooks and backtest it. Your hypos look very similar to what I am doing. How can you playbook all these different hypos to know if one is in your A+ category or not? How can you even categorize all the different hypos, I can't see how to do it....

[@harshshah6356]

Nice learning, thanks.

[@MalakShelomohTrading]

I always try to guage risk on or risk off sentiment in the premarket. There’s two markets opened and one’s running into the US open, the asian session and the London session I think it’s wise to see what they’ve been up too.

[@ab-wi1ed]

Thank you for the videos is the training program still available ?

[@tradingonthefence]

Awesome content. 👍

[@samuelisaac8007]

Do you know where I can buy Mike's books ?? I tried EBAY and AMAZON but they dont have them in stock.. Thanks for your help..

[@tayronachan]

Have you called Barnes & Nobles or some other book store to see if they can get it for you? Also looking to add a couple more books here.

[@caiobortoli]

>"Then I'll do a video on YT addressing if I feel I can add value" >Add value >Merritt black >Value I see what you did there, Market Profile wizard.

[@caiobortoli]

Hi there Merritt! Will there be a Black Friday sale on courses at SMB Futures? Greetings from Brazil :)

[@RodJohnson86]

For funded traders, why is your profit share only 50/50 when all your other competition is 80/20 or 70/30?

[@ApterosTrading]

Why does the largest institutional crude oil trader I know make way, way less than 50% of what he generates his firm? Would you prefer to make 50% of $1.8 million, or 80% of $32,500? Hopefully you get my point. Some make 15% of $20 million. There are different ways to approach this business; and one should not assume that SMB Futures desk is just like many other more retail "prop" shops out there.

[@thegeneralist7527]

@@ApterosTrading Great reply. Percentage only tells part of the story. Trading is fully scalable. If you can generate consistent returns access to capital is not a problem. People will be beating down your door to hand you money to trade. If you can generate consistent returns you don't NEED other people's money, just the patience and skill to slowly grow your own. If you can consistently generate returns you can dictate what percentage you receive. Hell, banks are practically giving out free money because of COVID-19. All you need to do is be able to show you can pay the interest consistently.

[@capecodero]

great content, can relate big time on most subjects...

[@gregorystewart4887]

your trading Psychology videos are great thank you, I used to FOMO out and jump the gun I read Mark Douglas's TRADING IN THE ZONE helpful , writing a if then statement for multiple scenarios will keep you out of trouble

[@antonzharkov6036]

Hi Merritt, how big is the future desk in SMB? I thought it is mainly about trading stocks.

[@smbcapital]

We have a small handful of guys right now Anton. It was recently started by Merritt. We are hoping it grows in the years to come

[@zenwarrior3603]

The next step is more important than the last mistake!

[@TomGun]

Why does the market go against me almost everytime i enter. I have stats.

[@jricherts99]

You need to look at a thing called bank math there is an indicator on Trading view also learn Demark count this will show you absolute tops and bottoms only trade absolutes Learn the power of 9 and 6 in Demark learn Stochastic learn Bollinger bands learn and ye too shall be rewarded

[@sirshortsalot117]

That used to happen to me cause I would buy running stocks with zero context. So gambling? Also I used to wait for too much confirmation and somewhat chase the play so when I finally got in the market would correct a bit and scare me out.

[@gtelles92]

Why not do the opposite then?

[@elvis7859]

Learn about options there are estragisty that you don't have to worry about the direction of the stock to make money.

[@TomGun]

@@Leshic2 i appreciate the advice. I've been trading in and off for over ten years and have gotten real serious about it in the last two years. I still have many errors in my trading. Bad habits. I believe that i can turn those losses into an edge which is exactly what I've been working on the last few weeks

[@maroInn85]

do smb capital have any course for forex trading ?

[@smbcapital]

we don't have any forex classes

[@scotttaylor2860]

Merritt: What's the Tennis book?

[@Tickedout]

yes, interested in this as well

[@nmczvRani]

I'm sure there's some valuable information inside there, but you cant expect me to look at that for 26 minutes without getting bored lol

[@Tickedout]

quit trading now

[@corey5495]

What? Do you even trade bro?!?

[@tesfayet11]

Two things 1. Not having a strategy that I can call my bread and butter. 2. Not being consistent with execution

[@Lordhellcrackthesaint]

You shaved the stashe