Thanks Mike for a great video. Here is the list for quick reference 1. Playbook 2. Tape reading 3. Mindfulness 4. Sleep properly 5. TraderVue 6. Book Of Charts 7. Exercise 8. Diet 9. Mentoring Sessions 10. Technology 11. AM Prep 12. Daily Report Card 13. Talk to traders 14. Game Plan Big Trades 15. Game Plan B4 AM meeting 16. Daily Gratitude 17. Train Your Brain 18. Relationships 19. Learn Daily 20. RIP thru charts
I got a lot of motivation and work ethic from Kobe Bryant/ I listened to his every interview where he talks about "Mamba mentality"/ And it fits into trading like nothing else. And what I'd like to add to what Mike said is prepare yourself to trying to get better every day even if you fell bad. We'll never achieve a succes if we work only when feeling OK. Thank you, Mike for another great video with another great tips/ You're doing a really amazing work!
Awesome! My favorite habit is: Daily report card... Pick One Goal.. Work intensively on this One Goal... Develop solutions to achieve this One Goal... Finally, complete a report card at the end of each trading session for the One Goal. Priceless!!! Thank you SMB
Thank you Bella, excellent balanced guideline of good habits to have success in trading. What I have observed is that to become good at trading you must become a different person. That implies getting out of your "comfort zone". As I just heard last week someone said "Change only comes from pain". Growth and comfort do not coexist. This is my humble opinion. The question is How bad we want to become good at something. Everyone, here's my 2¢ for the video summary, please watch the entire video. You may have different highlights.
01. PLAYBOOK - Daily file your best setups. Reverse Engineering using "Playbook" format. 02. RECORD YOUR TRADING SCREENS - Take notes and watch back important moments from the tape. If using TOS platform use "On Demand" it's only 2 days behind of real time. 03. MINDFULNESS TRAINING - Mind is part of your edge. Can use "Headspace" or "Muse" app. 04. SLEEP - Develop an Optimal Sleep routine. Same time, length and quality. Record your "Sleep"and check the correlation of your trading performance. Oura ring. 05. TRADERVUE - Journal tool. Tag your trades. Write your thoughts. Measure performance using your labeling. 06. BOOK OF CHARTS - Find the chart of the day and file it. Review all your charts over the weekend. 07. EXERCISE - Develop a weekly exercise routine. Fitness is part of your edge. 08. DIET - Develop an eating routine that works best for you. Everyone is different. This is part of your edge too. 09. MENTORING SESSIONS - Be present. Ask good questions. Be a sponge. Win the session. 10. TECHNOLOGY - Improve your technology skills daily. Alerts, scripts, filters, models. 11. AM PREP - Prepare as you'd run the AM meeting. Build your stock selection skills. What you trade is more important that how you trade. 12. DAILY REPORT CARD - Pick and work on "One Goal". Complete DRC at the end of each T Session on progress for that OG. 13. TALK TO TRADERS - Learn from Jr and Sr traders. They will see diff things that you have missed and from which you can learn. If not in a Prop firm use Twitter or "Tradervue". 14. GAME PLAN BIG TRADES - Written Plans of any possible "next big trade" scenarios that could happen on the beta stocks or any stock your are following. 15. GAME PLAN BEFORE AM MEETING - Top 3 ideas. Long & shorts. Where am I going to make most of my $$? Set alerts for ideas 4-6. Easy 2 lose sight when Mkt is open. 16. DAILY GRATITUDE EXERCISE - 3 things you are grateful for each day. Helps put things in perspective. 17. TRAIN YOUR BRAIN - You could use BrainHQ app, 15 mins/day. Traders are electronic performers athletes. This is part of your edge. 18. RELATIONSHIPS - Spend time with friends and family. Happiness improves performance says the science. 19. LEARN DAILY - Develop a daily learning routine (i.e. audiobooks/podcasts in your commute or workout) 20. RIP THROUGH CHARTS - Develop a daily system to rip through charts. Daily & Weekly charts. Longer term BO's & BD's.
Sir, 20 life changing habits! I would like to add 21st - not my own idea - make it a practice to give away part of your earnings, improve other lives by sharing the blessings we receive.
Eugene, I saw your trading explanation to Mike in another video and was very impressed by your high level of professionalism and clarity. Tell me pls how have you succeed to accomplish education at SMB office? Was it a part of their online education program? Could you pls provide some info about it? I am Alex from Ukraine.
Thanks for great contents as always. I have a habit of writing down my mistakes (and good jobs as well) during the trading session including how I felt why I made mistakes/missed the trades. However, i found myself put negative emotions in words, which could negatively affect my psychology. I am trying to avoid them by reminding myself I can be better from my mistakes and be better tomorrow. Great educations from SMB
@@smbcapital Yes thx, back on the demo this morning. Did 10 hours of Tradervue this Weekend and I know NOW what I am doing and what I need to focus on. One good tradre, ogt, ogt...
I learned a lot of these the hard way lol. If I dont get a good sleep, I just dont trade the open or at all. I rather get a full sleep and be sharp. Show up ready or dont show up at all.
Amazing as always, Mike! Thanks for taking the time and putting such an important list together. I would add pre-premarket prep Meditation and brainwave exercises, which both are a part of "train your brain" part.
Great clip and ideas. I do a lot of them. One idea I would add is to watch the econ/fncl news before bed for any unexpected info that may shape sentiment that hits asset prices for the next day.
@@mbellafiore19 Thanks Mike!!!! I have already learned a ton from watching your videos, so I am sure your book will be great too! Im looking foward to digging into it!
Wow. Thanks Mike. Another great video. I have only been in the Foundations Course for 8 days but I am a huge fan of the videos and the course. I truly enjoy watching the SMB videos Each of the video gives me another building block to my knowledge base. What I really enjoy about the SMB videos and course is the flexibility to take so many different paths to get where you are going - Developing our own PlayBook with what works for us - backtesting our trades through different markets, trading to our own personality/tolerance levels, deep dive the metrics, etc.
@@mbellafiore19 if I am trading ETFs such as TQQQ, if I'm watching the tape, should I watch the Nasdaq future tape or the correlating ETF? I know they track closely but it's not exact.
Hey Mike this is most helpful content, i appreciate you and SMB Capital Team for such a effective trading information) but i would like to suggest one more thing which is highly effective for mind pratice and i have been using it since last 6months, it really balance the state-of-mind to take decisions that gives edge to manage emotions effectively and that is helfup to traders (Even Ray Dalio,Hedge Fund Manager use transcendental meditation pratices, and he even says Meditation more than anything in my life was the biggest ingredients of whatever success I've had.) that make sense, and others things I want to suggest is trading affirmation before you start trading, that commands the brain to think constructively,objectively, and pragmatic way.(Affirmation books- 40 Affirmation for trading by Yvan.) I love your book- ONE GOOD TRADE :) Blessing :)
Love these videos. I use SMB info for option trading and still very useful. Mike, what do you mean by "what" you trade is more important? Do you mean the type of volatility or industry or story stocks? Or just good setups? Can you elaborate a little? I think I know what you mean but wanted to ask. To me it means avoid low vol or low probability trades. Do you just move on or still watch it?
Great video , thanks for advices .I really like that brainhq.com addition to daily routine. Well first thing I do when I woke up is playing chess ♟ using Chess Online app with random ppl . That way I turn my brain on
I have a luminosity account, it's a formidable alternative to brainhq. They got brain games to exercise 5 different mental categories.They track your scores so you can see your mental capacity increase overtime pretty sick!
brainhq is especially interesting because it is Michael Marciniak's original programs used in his groundbreaking research at McGill University on neuro-placticity back when the idea that brains could change was verboten in academic circles. His "sound swooop" program is there free for anyone to use. It is counter intuitive that listening to changing sounds and learning to identify them could have such far reaching effects on multiple brain functions. It looks like you are already into this kind of thing, so this unexpected effect might be of interest to you. I highly suggest giving his free tools a two week try and see what your results are. There is definitely some overlap on the two sites: an example is the dual end back games.
The only thing common in all those things is discipline. I have realised that it is not intelligence, or smartness or anything else. The disciplined trader takes over everyone else.
My best trades are when the trading gurus tweet a break out and everyone get in FOMO mode. I buy lottery options and I get out with 40% to 100% in a few minutes. There is a guy who has like a half million followers and he charge them around 150 per month to teach them how to trade and he tweets signals to buy of course he already has a position (I think) I get in with small contracts, never fail, 😂 make good money in lottery options.
Hey Mike! Thank you for the content! I'm wondering how a small guy that doesn't have access to firms (yet) can gain access to dedicated mentoring. I live in south Texas and although there are some trading firms in the area I've yet to really connect with people who trade seriously as a full-time passion job. I know many that invest on the side or who will take a trade a month but none that I believe would be a good mentor to someone who wants to be very active in markets on a daily basis. When you say mentoring, can this be outsourced somewhere? Are there places I could go online to have video chats with a mentor that I could send PDF trade reviews, or game plan process, or daily preparation, out of market hours work, etc to that we could discuss and I could gain valuable feedback from? Thanks!
yes there are many who mentor Christopher. The key is the choose someone who fits your values and trading style. I will let you do the due diligence here.
Wow eating a tub of ice cream is suddenly going to make you an undisciplined trader. Talk about logical fallacy. No worse than sitting drinking coffee 20 times a day because you're now a coffee addict or having to drink tea every hour on the hour.
Thanks Mike for a great video. Here is the list for quick reference
1. Playbook
2. Tape reading
3. Mindfulness
4. Sleep properly
5. TraderVue
6. Book Of Charts
7. Exercise
8. Diet
9. Mentoring Sessions
10. Technology
11. AM Prep
12. Daily Report Card
13. Talk to traders
14. Game Plan Big Trades
15. Game Plan B4 AM meeting
16. Daily Gratitude
17. Train Your Brain
18. Relationships
19. Learn Daily
20. RIP thru charts
Thanks for providing the list for everyone!
Thxs for sharing this!
Great job bud
Much APPRECIATED !!!!
4yrs later and your list is still as helpful. Thanks a bunch
1. Playbook
0:48
2. Tape reading
2:10
3. Mindfulness
2:58
4. Sleep properly
3:26
5. TraderVue
4:26
6. Book Of Charts
5:35
7. Exercise
6:30
8. Diet
6:54
9. Mentoring Sessions
7:45
10. Technology
8:14
11. AM Prep
9:03
12. Daily Report Card
9:42
13. Talk to traders
10:36
14. Game Plan Big Trades
12:23
15. Game Plan B4 AM meeting
14:04
16. Daily Gratitude
15:52
17. Train Your Brain
16:45
18. Relationships
18:15
19. Learn Daily
18:50
20. RIP thru charts 19:05
👏🏻
I got a lot of motivation and work ethic from Kobe Bryant/ I listened to his every interview where he talks about "Mamba mentality"/ And it fits into trading like nothing else. And what I'd like to add to what Mike said is prepare yourself to trying to get better every day even if you fell bad. We'll never achieve a succes if we work only when feeling OK. Thank you, Mike for another great video with another great tips/ You're doing a really amazing work!
Dmitry, what city r u from? Send me a private message to instagram or FB: eugenepavliuk
you are welcome. thxs for contributing
Awesome! My favorite habit is: Daily report card... Pick One Goal.. Work intensively on this One Goal...
Develop solutions to achieve this One Goal... Finally, complete a report card at the end of each trading session for the One Goal. Priceless!!! Thank you SMB
One of the most important habits to have!
you bet and thxs for contributing
I’ve seen hundreds of SMB videos, this one is in my top 5, very executable ideas , very concise. Thank you.
Thank you Bella, excellent balanced guideline of good habits to have success in trading. What I have observed is that to become
good at trading you must become a different person. That implies getting out of your "comfort zone". As I just heard
last week someone said "Change only comes from pain". Growth and comfort do not coexist. This is my humble opinion. The
question is How bad we want to become
good at something.
Everyone, here's my 2¢ for the video summary, please watch the entire video. You may have different highlights.
01. PLAYBOOK - Daily file your best setups. Reverse Engineering using "Playbook" format.
02. RECORD YOUR TRADING SCREENS - Take notes and watch back important moments from the tape. If using TOS platform use
"On Demand" it's only 2 days behind of real time.
03. MINDFULNESS TRAINING - Mind is part of your edge. Can use "Headspace" or "Muse" app.
04. SLEEP - Develop an Optimal Sleep routine. Same time, length and quality. Record your "Sleep"and check the correlation
of your trading performance. Oura ring.
05. TRADERVUE - Journal tool. Tag your trades. Write your thoughts. Measure performance using your labeling.
06. BOOK OF CHARTS - Find the chart of the day and file it. Review all your charts over the weekend.
07. EXERCISE - Develop a weekly exercise routine. Fitness is part of your edge.
08. DIET - Develop an eating routine that works best for you. Everyone is different. This is part of your edge too.
09. MENTORING SESSIONS - Be present. Ask good questions. Be a sponge. Win the session.
10. TECHNOLOGY - Improve your technology skills daily. Alerts, scripts, filters, models.
11. AM PREP - Prepare as you'd run the AM meeting. Build your stock selection skills. What you trade is more important
that how you trade.
12. DAILY REPORT CARD - Pick and work on "One Goal". Complete DRC at the end of each T Session on progress for that OG.
13. TALK TO TRADERS - Learn from Jr and Sr traders. They will see diff things that you have missed and from which you can
learn. If not in a Prop firm use Twitter or "Tradervue".
14. GAME PLAN BIG TRADES - Written Plans of any possible "next big trade" scenarios that could happen on the beta stocks or
any stock your are following.
15. GAME PLAN BEFORE AM MEETING - Top 3 ideas. Long & shorts. Where am I going to make most of my $$? Set alerts for
ideas 4-6. Easy 2 lose sight when Mkt is open.
16. DAILY GRATITUDE EXERCISE - 3 things you are grateful for each day. Helps put things in perspective.
17. TRAIN YOUR BRAIN - You could use BrainHQ app, 15 mins/day. Traders are electronic performers athletes. This is part
of your edge.
18. RELATIONSHIPS - Spend time with friends and family. Happiness improves performance says the science.
19. LEARN DAILY - Develop a daily learning routine (i.e. audiobooks/podcasts in your commute or workout)
20. RIP THROUGH CHARTS - Develop a daily system to rip through charts. Daily & Weekly charts. Longer term BO's & BD's.
Love the detailed response!!!
thxs for sharing Patricio. Pain is an important motivator.
Sir, 20 life changing habits! I would like to add 21st - not my own idea - make it a practice to give away part of your earnings, improve other lives by sharing the blessings we receive.
Thanks for mentioning, Mike! The phrase "Be like Eugene" has become a moto in Russia among my trading mates, lol!
Be like Eugene! I can see the t-shirts from NYC.
Eugene, I saw your trading explanation to Mike in another video and was very impressed by your high level of professionalism and clarity. Tell me pls how have you succeed to accomplish education at SMB office? Was it a part of their online education program? Could you pls provide some info about it? I am Alex from Ukraine.
@@oleksandrserdiuk1926 Hi Alex! You can contact me via private message on Instagram or FB. It's eugenepavliuk
Sleep routine, sleep routine, sleep routine. Something I need to work on to improve every aspect of my life.
Thxs Wes
I will backtest 2 hours every day. Nice and useful tips, thanks.
Thanks for great contents as always. I have a habit of writing down my mistakes (and good jobs as well) during the trading session including how I felt why I made mistakes/missed the trades. However, i found myself put negative emotions in words, which could negatively affect my psychology. I am trying to avoid them by reminding myself I can be better from my mistakes and be better tomorrow. Great educations from SMB
thank you
20 Habits you must master and Beyond! Thank You For kicking it off Mike! 😉
Thanks razzy
you bet Razzy
Thank you Mike. You're awesome like always. Helps me watching SMB videos. Will be reading OGT 3rd time tomorrow.
Thanks Hussein! Enjoy OGT!
gr8 to hear Hussain
Thx Bella for this video. I am having a bad month and this help me identify some ideas to add to my daily routine.
Keep at it francois
@@smbcapital Yes thx, back on the demo this morning. Did 10 hours of Tradervue this Weekend and I know NOW what I am doing and what I need to focus on. One good tradre, ogt, ogt...
you are welcome Francois
I found your channel very educational and worth subbing. thanks for the apploads ! a fellow creator
I learned a lot of these the hard way lol. If I dont get a good sleep, I just dont trade the open or at all. I rather get a full sleep and be sharp.
Show up ready or dont show up at all.
sleep is so important
Black and White actions to take from start to finish, because consistent action equals consistent results. Thanks Mike
Amazing as always, Mike! Thanks for taking the time and putting such an important list together. I would add pre-premarket prep Meditation and brainwave exercises, which both are a part of "train your brain" part.
thxs Denis
Thank you Mike! This is full of powerful knowledge
Glad it was helpful!
Mike, I'm new trader who has full time job I love your videos
gr8 to hear Tim!
Great clip and ideas. I do a lot of them. One idea I would add is to watch the econ/fncl news before bed for any unexpected info that may shape sentiment that hits asset prices for the next day.
I would add some form of daily inspiration to the list. To keep the energy flowing and drive as you work towards your goals.
Great video Bella.Thanks for the priceless tips
Thank you!!
you are welcome
Not a routine... But Maybe once a month... Enjoying the gains:) Buying stuff that you struggled to have in another time.
Thanks for sharing, high quality contents as always! I am grateful that I came across this YT channel😇
I just ordered the Playbook on Amazon last night! Looking foward to reading it!
Enjoy Matt!
hope they help!
@@mbellafiore19 Thanks Mike!!!! I have already learned a ton from watching your videos, so I am sure your book will be great too! Im looking foward to digging into it!
Great, informative video. Thank you!
nice one! Thanks Mike for this video!
you bet
Great video thanks
You bet
I like his professionalism
thx!
Thank you so much
You really have changed my life
Please let the universe protect you
Thanks so much Mike
you are welcome
#1 Organization!
thxs Dan!
Thank you Mike 🔥🔥
Omg thanks fr great info 💕💓trying to understand more
Thanks Mike!
you are welcome
Wowww, So thanks very much Mike, I Love your advices 😎😎👍🏻
thxs Sebastian
Very informative video Mike, would love to be able to visit SMB someday in my life :)
If you are ever in nyc reach out
one day
@@mbellafiore19 Corrected one day -> someday :)
Thank you Mike. ♥️😊
of course
Wow. Thanks Mike. Another great video. I have only been in the Foundations Course for 8 days but I am a huge fan of the videos and the course.
I truly enjoy watching the SMB videos Each of the video gives me another building block to my knowledge base. What I really enjoy about the SMB videos and course is the flexibility to take so many different paths to get where you are going - Developing our own PlayBook with what works for us - backtesting our trades through different markets, trading to our own personality/tolerance levels, deep dive the metrics, etc.
Excellence in trading 😎👍
Thanks James!
indeed James!
This information is golden!!
Well said sir....
thxs Satoshi
@@mbellafiore19 if I am trading ETFs such as TQQQ, if I'm watching the tape, should I watch the Nasdaq future tape or the correlating ETF? I know they track closely but it's not exact.
This is excellent. Hard work pays off
thank you mike for this great video.
Glad you enjoyed it
Thank you for this video, this was the only thing i felt was needed. (my biorhythm is a disaster btw haha)
you are welcome
Thanks for the lecture Sir ... Good sleep and weight loss on my agenda
Thank you for the great information > May i know what do you mean by Key moment
when the stock is about to make a significant move
@@mbellafiore19 Thank you, Mike, I appreciate your respond
How to get more training from Mike?
keep watching the youtube vids :)
Thanks Sir you are teaching greatly and i get motivated and inspired by your thought process and well described experience. You are my mentor🤗
Hey Mike this is most helpful content, i appreciate you and SMB Capital Team for such a effective trading information) but i would like to suggest one more thing which is highly effective for mind pratice and i have been using it since last 6months, it really balance the state-of-mind to take decisions that gives edge to manage emotions effectively and that is helfup to traders (Even Ray Dalio,Hedge Fund Manager use transcendental meditation pratices, and he even says Meditation more than anything in my life was the biggest ingredients of whatever success I've had.) that make sense, and others things I want to suggest is trading affirmation before you start trading, that commands the brain to think constructively,objectively, and pragmatic way.(Affirmation books- 40 Affirmation for trading by Yvan.)
I love your book- ONE GOOD TRADE :)
Blessing :)
I am going by Mike these days
Love these videos. I use SMB info for option trading and still very useful. Mike, what do you mean by "what" you trade is more important? Do you mean the type of volatility or industry or story stocks? Or just good setups? Can you elaborate a little? I think I know what you mean but wanted to ask. To me it means avoid low vol or low probability trades. Do you just move on or still watch it?
I draw the charts by hand in detail especially points of interest.
Bella can you explain "modeling" plz?
automated models that trade a setup
Yeah
Great video , thanks for advices .I really like that brainhq.com addition to daily routine. Well first thing I do when I woke up is playing chess ♟ using Chess Online app with random ppl . That way I turn my brain on
thxs Nick
This is the formula!
Yes!
I have a luminosity account, it's a formidable alternative to brainhq. They got brain games to exercise 5 different mental categories.They track your scores so you can see your mental capacity increase overtime pretty sick!
brainhq is especially interesting because it is Michael Marciniak's original programs used in his groundbreaking research at McGill University on neuro-placticity back when the idea that brains could change was verboten in academic circles. His "sound swooop" program is there free for anyone to use. It is counter intuitive that listening to changing sounds and learning to identify them could have such far reaching effects on multiple brain functions. It looks like you are already into this kind of thing, so this unexpected effect might be of interest to you. I highly suggest giving his free tools a two week try and see what your results are. There is definitely some overlap on the two sites: an example is the dual end back games.
thxs Spencer for this
@@Tealeafsong right on buddy I'll check that out thanks!
@@Leshic2 What did you dislike about luminosity?
Thank you very much for those tips. As always doing everything you can to improve the trading community.
The only thing common in all those things is discipline. I have realised that it is not intelligence, or smartness or anything else. The disciplined trader takes over everyone else.
Define elite trader please?
What are you allowed to eat when you’re trading?
My best trades are when the trading gurus tweet a break out and everyone get in FOMO mode. I buy lottery options and I get out with 40% to 100% in a few minutes. There is a guy who has like a half million followers and he charge them around 150 per month to teach them how to trade and he tweets signals to buy of course he already has a position (I think) I get in with small contracts, never fail, 😂 make good money in lottery options.
This is actually quite brilliant
Hey Mike! Thank you for the content! I'm wondering how a small guy that doesn't have access to firms (yet) can gain access to dedicated mentoring. I live in south Texas and although there are some trading firms in the area I've yet to really connect with people who trade seriously as a full-time passion job. I know many that invest on the side or who will take a trade a month but none that I believe would be a good mentor to someone who wants to be very active in markets on a daily basis. When you say mentoring, can this be outsourced somewhere? Are there places I could go online to have video chats with a mentor that I could send PDF trade reviews, or game plan process, or daily preparation, out of market hours work, etc to that we could discuss and I could gain valuable feedback from? Thanks!
yes there are many who mentor Christopher. The key is the choose someone who fits your values and trading style. I will let you do the due diligence here.
📝🥂
reading briefing.com before bed.
This video isnt for me. I clearly want to fail based on my results lol. Thanks for the education
you are welcome
Ice cream causes you not to trade well? Easily the dumbest thing I’ve ever heard
Wow eating a tub of ice cream is suddenly going to make you an undisciplined trader. Talk about logical fallacy. No worse than sitting drinking coffee 20 times a day because you're now a coffee addict or having to drink tea every hour on the hour.
So boring talk
So boring talk
So boring talk