1. Get better every day
2. Respect the markets
3. Ask questions
4. Only as good as the stocks I trade
5. Expect nothing short of the best
6. Be a better person
7. Practice being an elite performer
8. No complaining
9. Decisions based on three things: reading the tape, intraday fundamentals, technical analysis.
10. The tape will speak to me!
11. Find plays that work for me
12. Building my base + my intuition + my creativity = my best trader
13. Focus on process
14. Build filters for spikes
15. Watch for people aggressively paying the offer when a stock should be going down
16. Get a good risk to reward setup
17. Tuesday and Wednesday Fed
18. 3 things to move market: interest rates, China and oil ( 40-50 range )
19. Support plays are good
20. Breakout trades are good
21. Consolidation trades are good
22. Range plays are good
23. Momentum trades are good
24. Trades2Hold are good
25. Talent absent hard work and listening skills Not rewarded in this market
26. Learn the basic plays – they work. (*then make them your own)
27. Be patient, my time will come
28. Do not increase tier size until positive 7 out of 10 days
29. 10 k max shares traded with small max loss
30. Deliberate practice (top performers spend many hours rigorously practicing their craft)
31. Concentrated practice is key
32. Continuous feedback is good
33. Focus- improve daily.
34. Phelps didn’t take 1 day off for 5 years when training for Olympics
35. Develop trading skills. More important than P&L.
36. Elevate my life by conscious endeavor
37. Measure success by how much I improve
38. Ask questions
39. No skipping steps
40. What are important intraday prices?
41. Detail specific trading scenarios
42. How were my orders treated?
43. Learn from others
44. Consistently make trades when I identify a profitable set up
45. Don’t overvalue hard trades and rips
46. Don’t be hesitant to execute on easy trades.
47. Resilience is important
48. Every rip will make me a better trader
49. Day doesn’t end until 4 pm
50. Stay focused, remain calm, stick to the game plan
51. Can’t be distracted by fear, self doubt or greed
52. Don’t let past affect present.
53. Eliminate mistakes- make list of things that don’t work and eliminate them
54. Don’t start positions with biggest size. Scale in
55. When I get confirmation load up
56. Hold biggest position only when indicators are in my favor
57. Market is my boss
58. Don’t double down
59. Don’t ignore price action
60. Have a plan to exit if a stock trades against me.
61. Play defense against the unexpected
62. The unexpected will occur
63. Live to play another day
64. Use if/then statements to measure your risk/reward
65. Need speed- run fast jump high when executing trades
66. Practice execution skills daily
67. Focus: tune out distractions, react quickly to new info, don’t miss a trade when alert goes off, place alerts before moving to next stock, place trade as soon as trigger occurs
68. Control my emotions (*or go for a walk)
69. 12:30 meeting SPY 212/212.50 make a Plan for under 212
70. What are characteristics of strong downs and strong ups?
71. GLD level 125. Think of scenarios and use it as an inflection point
72. 4 month consolidation 115/122
73. Oil in 40-50 range. Consolidation above 150?
74. List of market stocks
75. 3 categories of traders: experienced, developing and new
76. Discretionary trader undervalued
77. We can all do better
78. Too many don’t understand best setups
79. Old model – trade one product and get bigger
80. Help me to be more bionic
81. There are better ways to think about risk to make us more scaleable
82. Match product with what is most appropriate for me
83. Never lack a methodology to build from my strengths
84. Build from my strengths
85. Risk 30 percent of my intraday stop on my best setup
86. Develop all in trades
87. Playbook template: big picture, intraday fundamentals , tech analysis , reading the tape, intuition , trade management , trade strategy , trade review
88. I have to internalize my trades
89. To be scaleable we must take enough risk in our best setups
90. Trade with more confidence to capture real move!!!!
91. Need custom filters
92. Can’t miss A+ setups
93. ME too small for all products need to express favorable products
94. To gain trust of mentor must work hard
95. Ask best questions
96. So detailed daily trading review
97. Playbook trades
98. Teaching is an investment of time on someone. Show me the work!
99. Define best setups
100. Pullback setups
101. Breakouts trades
102. Bullish consolidation
103. Discretionary means pushing buttons based on what u see in front of u
104. Quant traders data driven
105. South African traders were fighting the trend too much
106. We can’t make up our own fundamentals. The market dictates
107. Don’t complain about rules
108. Don’t base risk on P&L use 30% of intraday stop.   500 bucks is not scaleable
109. Never a destination for a trader. Improve daily
110. SMB Scanner makes me more efficient
111. Gap column is a good start. Click and see news
112. ATR ( average true range ) is from close to close
113. SMB Scanner can track stocks with earnings
114. SMB Scanner can show percent stock moved after earnings
115. SMB Radar – stock filters with in play rank ( IPR)
116. Red is hit blue is cool
117. In play is 1 or more. 1.25 news and 3 is heavy
118. Price spike filter is good
119. Over 7 is yellow with breaking news
120. 3<X<7 news
121. Price spike is leading indicator and IPR lags
122. Unusual movers are important
123. If heavy volume follows then follow through
124. If light volume follows then reversal likely
125. Unusual moves with low IPR then reversal candidate
126. Unusual moves with high IPR then follow through candidate
127. Strong / weak based on relative to opening price good for opening drive
128. Uptrend/ downtrend filter
129. Stocks with low IPR near resistance or support likely to reverse
130. Stocks with high IPR near resistance or support likely to breakout
131. Stocks near high intense green
132. Stocks near low intense orange
133. Map a key alert above or below level
134. Range bound stocks should have alert above resistance and below support
135. We should have 2 options for open focus
136. Alerts for am ideas
137. Alerts for intraday high and lows
138. Alerts for chart levels
139. Alerts for market levels
140. Alerts for important levels for stocks
141. Alerts for yesterday’s highs and lows
142. Alerts for weekly highs and lows
143. How good can I be? Keep challenging myself
144. Set 5 alerts. Trade off levels
145. Make trades where I have an edge.
146. Gr8 Trade command post must become known like back of my hand
147. Linking Windows is good
148. Need more info about entering orders- best practice
149. Christian went through SMB Real-time in 4:15 meeting
150. Need to post PlayBooks in forum
151. Updated AM idea sheet
152. Look at SMB Scanner before open
153. Look at SMB Radar after open and before close
154. Progression of success from Bella: lose money, break even, make a little, keep working, make more, keep working
155. Film reading/review the tape is important
156. Build scripts to solve timing problems with meetings
157. Talked about SRPT and opportunities it presented
158. Talked about Wednesday and if/then statements based on Fed action.  (*what if they raise rates? then?)
159. To be prepared have a list of market stocks
160. Gold is a $hitty intraday instrument
161. AAPL TSLA NFLX AMZN FB BABA, etc
162. Pay attention to future guidance
163. 18 percent chance of FED raising interest rates
164. 50 percent chance in December
165. Yellen historically wants market to be unsurprised so she gives signals
166. Market should be pretty quiet today with the exception of people pretending that they know what fed will do

Now for the next 29 training session of SMB Foundation and then part II and part III of our training program.

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*no relevant positions