Don't make impulsive dumb trades, make trades based on good technical analysis, knowing when to enter and exit at the right points.
@Fenix_Trader Жыл бұрын
Yes! Focus on The prosess and not The reward and The money will come If ITs supposed to come. Psychology IS The most important thing in trading. Thank you for The reminder!
@nikosp31568 ай бұрын
A good trick I use while daytrading Eminis is to not watch the running P/L but the number of ticks. This makes me more disciplined and no emotional seeing the amount of $$$'s
@Spliff668 ай бұрын
Overconfidence due to past gains might soon lead you to make easier and less ideal entries into the market. When you’re riding high, you may have less consideration of all the information needed for your entry. In instances like this, overconfidence leads to glaring mental blind spots when you’re not aware of all the hazards that are waiting out in front of you. This is why you should cover your balance and just do ONE GOOD TRADE ONE GOOD TRADE ONE GOOD TRADE .
@bidmcms34 ай бұрын
Define a “good trade” other than one that makes money…
@realtimeforextraderthebrut8571 Жыл бұрын
Great video!!!!! “One good trade!” Then: Repeat….. Thank you for sharing… This concept cuts through all the ‘noise’, and concentrated on WHAT REALLY MATTERS! So much positivity from your channel! Looking forward to more of your posts!!!! Thank you!!!!
@gb18f50 Жыл бұрын
I love this channel! There is always premium content.
@umarabdurrehman7536 Жыл бұрын
That’s so true! Agreed 100%
@nzeemmanuel8487 Жыл бұрын
One Good Trade One Good Trade One Good Trade One good Dollar Remaining in a 2k$ account
@SalvatorePalombizio Жыл бұрын
Love this Mike!
@LukeErWin___ Жыл бұрын
a trader needs to only make one good
@nwoscorp Жыл бұрын
It's about your mindset and your trading process if it has an edge. Once you have a proven edge, the implementation of that edge by refining your trading process is what could make you an elite 8 figure a year trader is the message I get from Mike. I believe that is how anyone in anything becomes elite, not focusing on the result when you're in flow. If you're not doing what he says, you're failing to think in probability which will take away from your trading edge if you have it. Thank you SMB for all you do!
@vanorsdelry11 ай бұрын
I'm planning to listen to this every day. So well said.
@obiwan7184 Жыл бұрын
The book though, game changer, thank you Bella and SMB CAPITAL
@siriussaracen8371 Жыл бұрын
What’s the name of the book?
@obiwan7184 Жыл бұрын
One Good Trade
@tontsa132 Жыл бұрын
@@siriussaracen8371 LoL 🤣
@siriussaracen8371 Жыл бұрын
@@tontsa132 what’s so funny
@tontsa132 Жыл бұрын
@@siriussaracen8371 That the book name is so obvious
@Algomatartrading Жыл бұрын
One Good Trade One Good Trade One Good Trade Pure Gold
@bidmcms34 ай бұрын
Is it though? What is a good trade, if not simply one that is profitable?
@J123G4 ай бұрын
I've watched many SMB videos over the last 10 yrs. This short video I would rank in the top 1%. I plan to rewatch weekly....
@samtavoosian3059 Жыл бұрын
This is absolutely true
@lucrativetea7029 Жыл бұрын
Facts Mike,Good shit bro 💪🏾
@airsantempire Жыл бұрын
wow this is reall elite advice thanks!
@omaru737 Жыл бұрын
Remember our jobs in trading is not lose 🤑 money, it's to lose our livelihoods in the quest to become the best we can be,...truer words were never better spoken.
@ryanp3278 Жыл бұрын
Thanks boss.
@jimcudasnyder10 ай бұрын
Just bought Mike’s book One Good Trade. Can’t wait to read it this weekend!!!
@callmetru32208 ай бұрын
The book, One Good Trade is full of gems!!! Love it!
@yisraelaker66965 күн бұрын
Powerful principles
@extremeencounter74585 ай бұрын
Great point actually. I feel great whenever I see it hit the mark at all, or even if it goes right below the stop loss; that shows I know what I’m doing and the levels I’m placing aren’t just random, mere slight adjustments help the most
@Sunny3156 Жыл бұрын
Nice
@Jimo225 Жыл бұрын
how many traders does your firm have to hire and spit back out before you aquire a profitable trader?
@edimobim4233 Жыл бұрын
Valid ☑️ 💯
@alwayslearning4 Жыл бұрын
I read that in a book. Can’t recall the title.
@jaypandey00710 ай бұрын
The disciplined trader
@MaddoggTrading Жыл бұрын
Great advice once again from Mike and SMB. Thank you!
@mgomez346 ай бұрын
Sometimes I have to stop myself from making "the made up " trade. I read and read the charts and somehow convince myself of entry when I shoud just not trade.
@extremeencounter74585 ай бұрын
THAT is what’s hard to get about “revenge trading”; you’re not necessarily purposefully trying to make up the loss, but your brain will want to find a recourse for it
@DTFFP6 ай бұрын
People say that 99% of trades fail.. it's because 99% of all traders just focus on getting rich quick, they want the "Lambo money" but they can't even make one good trade.. You trade a strategy, then the money follows.
@extremeencounter74585 ай бұрын
There it is. We all want that lambo money, that Porsche money, but I found it’s best to find joy in actually succeeding at each trade. Otherwise your brain gets sad when no lambo shows up after ten good trades
@newera3757 Жыл бұрын
I watched the guy who got your picture on the wall with candles :-)
@LG-tw5vm6 ай бұрын
And then the manager at the hedge fund says "I'm glad you are making a lot of one good trades, so what is your P&L?"
@okchaz6634 Жыл бұрын
Yessir, process over profits always
@eatshitanddie107 Жыл бұрын
i used to make one bad trade one bad trade and one more bad trade. then i stopped following all the furus and started making one good trade after another, isn’t that odd
@KT-zx9jr Жыл бұрын
To manage risk Mike!! Manage your risk....
@scottydog9997 Жыл бұрын
If you have a system, and 60% of the time it works out, and covers your risk on the other 40%. Who cares? Keep going, and you will be net positive.
@worldofvideos4u Жыл бұрын
inspirational thank you smb
@deegee3293 Жыл бұрын
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
@kphilipps55 Жыл бұрын
👍 thank you
@MR_TRW8 ай бұрын
still loving this book...i will be an elite...as long as i apply what im learning from smb capital and from Michael.
@Fenix_Trader Жыл бұрын
Thank u so much now and overall🙏
@jackyjohanes5341 Жыл бұрын
What is a good trade?
@vibhorkaushik50505 ай бұрын
What defines a good trade then if it is not making profit ? And how is a loss making trade a good one ??
@greatnesspeace695 Жыл бұрын
I want to work with smbcapital
@raistocktradingltd.217510 ай бұрын
Wonderful advice ❤
@coreyrobinson959711 ай бұрын
❤❤❤❤❤❤
@JenMarco5 ай бұрын
This has helped me since I first watched this video
@Xavier-xe1rf Жыл бұрын
I’d love one day to be a good enough trader to join your team.
@andrewpavey Жыл бұрын
Where do i learn to be an elite trader?
@arttorrez5548 Жыл бұрын
For me one good trade is to complete a thorough and exhaustive analysis that only leaves a high probability outcome with proper risks and protections. Sometimes it's tempting to take the easier slothful route and skim the thorough research. Done that. Win rate goes up significantly when adherence to prudence.
@extremeencounter74585 ай бұрын
Now is it informational analysis, or is it pattern trading / candle stick analysis?
@anzyraph Жыл бұрын
Needed this...
@tsoanelothebe4513 Жыл бұрын
I been tryinh to join smb for a while now but dont find enough infor to get started .
@joefarmer7727 Жыл бұрын
OK I almost get it. But how do you define a good trade. And does it mean one good trade as not multiple trades in a short time?
@TheLindz1983 Жыл бұрын
great lesson
@felixumeh4534 Жыл бұрын
Am actually reading your book now
@user-ze6vd7sv2w5 ай бұрын
One good trade is a trade that wins right? So the goal is to trade to win
@yisraelaker66965 күн бұрын
I want to join
@user-dt9qj2il8v9 ай бұрын
well said.
@unprofitabletrader9245 Жыл бұрын
Is this a part of a longer video?
@smbcapital Жыл бұрын
Filmed this as a short, but we may have a longer version later this week
@danielhoward4566 Жыл бұрын
I hope so because I really don't like these "shorts" videos. :-(
@whimsythecrypto-hippy-wolf19005 ай бұрын
FYI I could have painted that for you guys for half the price ;)
@phenyopercyramaselesele5696 Жыл бұрын
one good trade it's all it takes
@smbcapital Жыл бұрын
lots of one good trades
@dac8939 Жыл бұрын
How is a good trade losing money?
@DougMatchell11 ай бұрын
You take an great setup with a high probability and it fails and goes against you because a market mover takes it the other way, There’s nothing you can do about that except get out, still a good setup you had to take.
@charlescollins4839 Жыл бұрын
Amen!!!!
@steveokopi9010 Жыл бұрын
Solid
@justinorwen17393 ай бұрын
How is it a good trade if you lose?
@CryptixNews6 ай бұрын
Actually agree!
@yungcucc Жыл бұрын
Bro gonna get a write up and get sent home. 💀
@bono573710 ай бұрын
Its my dream to join SMB and I’m going to ensure it comes to pass.
@Leytonstone09 Жыл бұрын
Looking good with a bit of stubble there Bella , very Hollywood
@mbellafiore19 Жыл бұрын
you should see me walk around the office in my socks Ian
@Leytonstone09 Жыл бұрын
@@mbellafiore19 haha... a little Risky Business
@PushTraders Жыл бұрын
Can traders trade options
@davidnovitzky3592 Жыл бұрын
focusing on our pnl is not how you become an elite trader. smb capital is interested in developing elite 8 figure traders. ok...
@mustapurevsoomnath8361 Жыл бұрын
🎉🙂🙏🏻
@MichaelDamianPHD8 ай бұрын
Yes it is
@Chazzvc11 ай бұрын
Instructions unclear, Does 3 bad trades
@francisjsantana Жыл бұрын
Not much different than a casino owner 😎
@tapeshark3 ай бұрын
Co-sign
@garymendez42215 ай бұрын
🤯🤯🤯🤯🤯🤯🤯🤯🤯🤯
@mohammedlayes92488 ай бұрын
What make a trade 'good'
@bpenguin Жыл бұрын
How many traders at SMB have made 8 figures this year so far this year in 2022?
@haydarabood2803 Жыл бұрын
It is just like when the surgeon said "the operation is successful but the patient dies"
@whoaitstiger Жыл бұрын
I hope the patient isn't our account in this analogy. 😂
@ghitaciprian Жыл бұрын
*Your job is to TAKE money 💰 not make money, it's the FED's "job" to "make" money!*
@fido9379 ай бұрын
Too focused on the money So I burnt my first account
@jaimeeee8589 Жыл бұрын
You don't need a talented painted for that
@sstevens6274 Жыл бұрын
You got ripped off by that piece.
@whatislifebro Жыл бұрын
95% of traders lose money - 95% of these comments lose money including me. How to get into the 5%.. psychology.
@thomascambria9302 Жыл бұрын
famous artist and it looks like something a grade school kid can do haha
@ShadowMind3126 ай бұрын
This is marketing fluff
@extremeencounter74585 ай бұрын
It’s just common sense
@furself11411 ай бұрын
Your job is to generate commissions
@DarkBullCapital9 ай бұрын
define a good trade, if it is NOT winning or losing, what is it? Trading is a ZERO SUM game, that is it. If you are losing the trade, and still think it is a good trade, what is the lesson to be learned?
@extremeencounter74585 ай бұрын
Missed the point. The point is that you followed the rule set properly, that you didn’t take any unnecessary risks, that you had a good stop loss and take profit. That’s it. Many times that perfect setup doesn’t hit, that’s the game. Just because you lost on the trade doesn’t mean you did bad, but you can gamble on a trade, hit it, and have traded poorly.
@coreysmith48172 ай бұрын
Buy $HAL $UBER
@juochiokpala8384 Жыл бұрын
Your stubbles are distracting... Go shave man☹️
@Seramics Жыл бұрын
Stop being OCD
@whoaitstiger Жыл бұрын
It's called _trading._
@ATLJB86 Жыл бұрын
Not sure if I like this messaging.. Sends mixed signals. You say the job is not to make money then in the same sentence say, we want to make 8 figure earners… I don’t understand the 1 good trade slogan.. 10 good trades can be canceled by 1 bad one so I’m not understanding the ideology in this…
@Leytonstone09 Жыл бұрын
I think what he is saying is, not to focus on your PnL , instead focus on managing the trade, where should I enter, what's my risk, where should I exit. Do I have a set up and a thesis. Then the results will come, if you have edge . One Good trade after another, rinse and repeat.
@ATLJB86 Жыл бұрын
@@Leytonstone09 That’s not what it says to me.. One Good trade sounds like you are trying to catch a lucky break.. That one banger! If you don’t have a strategy that includes risk management then you don’t plan to be trading very long.. Not only should you pay attention to PnL but you should track it daily, monthly, however often you trade and study your performance. How do you know how effective your strategy is if you don’t keep track of it. What is your win percentage? You can’t tell me because you are just focused on making one good trade… I hear you.. but I stand by what I said.
@Leytonstone09 Жыл бұрын
@@ATLJB86 from my perspective it means don't let your PnL and psychology that goes with it, dictate how you should manage your trade. You should of course always know your risk and follow your rules for managing the trade. But also have reasons to hold and reasons to exit based on how the trade is working or not, separate to whether you made your "5000$" for the day for example. Yes stats on PnL are important and can (among other things) form a bigger picture view of what is working for you and what isn't. Not relying on lucky breaks, ever, but they can be a part of your trading. Bella's book "one good trade" explains it better than I can in a tweet.
@ATLJB86 Жыл бұрын
@@Leytonstone09 Yeah, I’m just trying to understand the concept behind it. Consistency is the most important thing and I don’t see anything speaking to consistency by saying one good trade. Unless that’s a daily slogan and not an overall mindset.
@valtter1234 Жыл бұрын
@@ATLJB86 he is saying that if u want to make money you dont trade
@stkhnds7 ай бұрын
That’s the only job of a trader, make 💰💰💰💵💵💵
@extremeencounter74585 ай бұрын
No, it’s to make good trades. It just so happens that money follows