Jeff Holden from SMB Capital explains how he develops traders into consistent earners. Start with one focused playbook and nail stop-loss discipline before tackling anything else. Trying to improve multiple things at once kills progress.
We've had hundreds of traders do this and they almost always can get clarity on what the real issue is. And so this is the diagnosis part of it for traders that are not consistently profitable. We want them to start with the smallest win they can possibly get, and that's usually one playbook.
The reason for that is this man consistently makes 7 and 8 figure traders. Introducing from SMB Capital, Jeff Holden.
The big thing for our goals as a trader is to take your P&L curve and it needs to look something like that. You have this process that you have to use in order to get to a much more effective solution. And even then you're going to run into friction. What do you do when you experience that friction? Well, ultimately what winds up happening is—
Jeff is the head of trader development, and in this Chart Fanatics episode, he breaks down the exact framework that he uses day in, day out with all the traders at SMB Capital.
All the research shows if you try and work on two goals at the same time, you're probably not going to get any of them very far. So we encourage everybody to start with the most important one. So in this case, it would be stop loss.
You will learn the mental framework necessary to become an elite trader. All this and so much more in this special episode of Chart Fanatics.
How traders are starting to utilize AI within their trading.
A lot of people describe in trading that click moment. Would you say that a lot of people are looking for that one thing? Do you find there's maybe a bit of friction or hardship when you see traders first start to implement this?
So we had to look at this model from our best traders that are developing the fastest. How are they doing that? What we found is—
