Prop Trading Section 4 - Building Your Playbook

Building Your Playbook

The Playbook is a tool trainees will use to consolidate the trading plays they develop through their training with SMB Capital. During the first 3 weeks of the the Foundation trainees learn powerful trading skills. The 4th and 5th weeks are for learning the trading plays that work best for new traders. The Playbook will be used for this next stage of your training.

Good trading play candidates for addition to the Playbook would be:
OGTs (One Good Trade)
Large chops that you would like to duplicate in the future
Missed trades worth reproducing in the future

An important question to ask yourself when analyzing your trades is if you executed a particular trade a thousand times in a row would you make money on it? If so, then add it to the Playbook. Constantly develop and edit the Checks and entry and exit strategies in your trading plays. Make sure you are removing plays that do not work and adding trading plays that do work.

It is very important that you start building your Playbook now while you are at the beginning of your trading career. Your plays can grow to be much more complex in the future as you become more competent with your skills. If you do not create the habit of building your playbook now, by adding If/Then statements regularly, then it will be very difficult for you to do it later when your If/Then statements are more complex. The trading plays you develop in this document will be the foundation for the trading plays you will develop throughout your career as a professional trader.