How the Daily Report Card Helped Legend Become the #1 Trader (Prop Firm)

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  • เผยแพร่เมื่อ 21 พ.ย. 2024

ความคิดเห็น • 109

  • @smbcapital
    @smbcapital  2 ปีที่แล้ว +17

    DRC TEMPLATE: bit.ly/templateDRC
    LANCE TWITTER: twitter.com/TheOneLanceB
    SMB WORKSHOP: bit.ly/3brmIiU

    • @johnotaran
      @johnotaran 2 ปีที่แล้ว +1

      Thank you for sharing, is it possible to share a mock up filled in version as well ?

    • @bogdanguranda5754
      @bogdanguranda5754 2 ปีที่แล้ว

      Brilliant, thank you!

    • @JeroTrades
      @JeroTrades ปีที่แล้ว

      Really liked your approach and gives room for thought. Other models are more quantitative. And, although I am late for the summer challenge, I'll sure tag you as soon as I get started posting them on twitter.

  • @cameronjohn604
    @cameronjohn604 2 ปีที่แล้ว +31

    This is like having a moment to sit with Michael Jordan in the locker room and pick his brain...
    Thank you Lance and SMB for making this information free and available to new and aspiring traders.
    Simply amazing.

  • @mitchdenman109
    @mitchdenman109 2 ปีที่แล้ว +12

    "meta learning" was the key phrase for me here. Analyzing how you learn and how to best improve that is crucial.

  • @user-dh7hn9hm8i
    @user-dh7hn9hm8i 2 ปีที่แล้ว +39

    I have been seeing more and more Lance content on this platform and i can say he's very good at what he does.

    • @mbellafiore19
      @mbellafiore19 2 ปีที่แล้ว +10

      You will see more of him in the future

    • @ntf81
      @ntf81 2 ปีที่แล้ว +1

      Check out his Chats With Traders Interviews /Pods. They are Great!

    • @TheBlueskyson
      @TheBlueskyson 8 หลายเดือนก่อน +1

      Is it true Lance is the new Wolf of Wall street? I can see that ambitious glint in his eye. ;-)

  • @lone-wolftrader3913
    @lone-wolftrader3913 2 ปีที่แล้ว +2

    AND THANK YOU!!!! Ran out of room on last comment. You guys have changed my life and so many others with what you do.

  • @backsidelearner8885
    @backsidelearner8885 2 ปีที่แล้ว +7

    Now this is a good visual summary breakdown of Chat With Traders with Lance Pt.3 from 1:07:03 to end. Thank you for this breakdown Lance & SMB team!

  • @gideondouglas4773
    @gideondouglas4773 2 ปีที่แล้ว +11

    "The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioural discipline that are likely to get you where you want to go.

    • @andrejkovaevi3436
      @andrejkovaevi3436 2 ปีที่แล้ว

      You are right, to be a successful person in life requires hard work time and time.

    • @sabastianadeline483
      @sabastianadeline483 2 ปีที่แล้ว

      One thing about being successful is working toward it and not going the other way round

    • @ashrafsikdar3896
      @ashrafsikdar3896 2 ปีที่แล้ว

      I'm thinking of investing in the forex and crypto market but taking my time to figure out how the whole thing works.

    • @mrlampardgey4051
      @mrlampardgey4051 2 ปีที่แล้ว

      It's obvious everyone is doing this online Investment

  • @smbapplicantross884
    @smbapplicantross884 2 ปีที่แล้ว +9

    The DRC is very different from the standard trading journal in the way that it includes focused live intraday action steps to course-correct within a trading day, not just documenting past-tense the results of the trade. This is an extremely effective method and high value.
    I will be implementing this in addition to my current trade-journal. Thanks a lot for this!

  • @TalentedTenth
    @TalentedTenth 2 ปีที่แล้ว +3

    I really like this one. I do a report card called 'the good, the bad and the ugly". I break it down by the whole day based on what I did good, bad or downright ugly in terms of execution and mood. I summarize how to fix the errors with a system driven solution. (i.e. From today... Over trading BECAUSE I was chasing after not securing early gains. Solution: Exit based on signl and be ok leaving $ on the table. Take a walk and await the next alert. When in doubt just get out)

  • @FatCatsOfWallStreet
    @FatCatsOfWallStreet 2 ปีที่แล้ว +9

    Here's the time stamps for each section of the report card being broken down into it's individual components.
    3:22 - Date, Grade, & One goal
    4:48 - Reminders / Affirmations
    5:14 - Day breakdown / Temperature check
    6:25 - Reflection on each segment in the rectangle
    6:45 - What I learned / Improved up today
    7:09 - Changes I need to make from today
    7:32 - Overview
    7:49 - Easiest 50K
    8:30 - Write up any important trade of the day

    • @tomijojo
      @tomijojo 2 ปีที่แล้ว +1

      Thanks Fat Cat 🤙

  • @englishetc.5762
    @englishetc.5762 2 ปีที่แล้ว +8

    nice document! but what does "PTD only" mean?

  • @algray8389
    @algray8389 2 ปีที่แล้ว +2

    I am a fan of the 3-2-1 method for Ribs. You have to love the Legend and SMB!!!. Thanks for the great video.

  • @andyp324
    @andyp324 2 ปีที่แล้ว +2

    this guys energy is a A++

  • @timb4695
    @timb4695 2 ปีที่แล้ว +7

    SMB landing Lance is a really big deal. Kudos Mike and Steve! Look forward to more content from Lance. Listened to his 3 part interview wih Aaron Fifield. Great stuff

  • @kurtcraig9059
    @kurtcraig9059 2 ปีที่แล้ว +2

    Excellent...the most entrenched bad habits usually take the longest to overcome...without the DRC you cannot adequately identify the bad habit...good stuff and ends up being so simplified...fight yourself until you beat you overcoming bad habits

    • @smbcapital
      @smbcapital  2 ปีที่แล้ว

      exactly! why we stress it so much here

  • @MariaPNW
    @MariaPNW ปีที่แล้ว

    Thank you for sharing! I'll start this week. It took me a year to find this, but it's never too late to learn and improve!

  • @Dream_ICT_FX
    @Dream_ICT_FX 2 ปีที่แล้ว

    Thanks before I became a profitable Trader I always watched these videos and they gave me HOPE that o would be where I am here

  • @fernandoamaya5329
    @fernandoamaya5329 2 ปีที่แล้ว +2

    I started doing a DRC last week and was super curious on how top traders format it. Thanks SMB for the great content!

  • @mariuszniyokoso
    @mariuszniyokoso 2 ปีที่แล้ว

    This is a super help. I will implement the daily report card and 3-2-1 method to my daily routine. Thank you, Lance.

  • @mosesgunda7316
    @mosesgunda7316 2 ปีที่แล้ว +2

    Please do more playbook development videos and things to consider before and after a trade. But keep up the good work I learnt a lot more from these videos than any courses I have taken.

  • @ruffdog42
    @ruffdog42 2 ปีที่แล้ว

    thank you for sharing this! my process has improved greatly on achieving goals doing a DRC each trading day and then reviewing them over the weekend 321 style.

  • @Panini_Ashtadhyayi
    @Panini_Ashtadhyayi 2 ปีที่แล้ว +3

    It would be great if Lance can share tips on how he narrows few stocks to focus on. What is the typical time frame he holds when is buys a stock. What is the criteria for selling?

    • @smbcapital
      @smbcapital  2 ปีที่แล้ว +2

      good suggestion. Lance is going to be filming some more stuff this week

  • @jeffislearning
    @jeffislearning 2 ปีที่แล้ว +2

    This is great. But I notice when I work on one flaw (overtrade) another one seem to take the wheel (paralysis from overanalysis). There is so much nuances to balance my trading.

  • @whynotnaveen
    @whynotnaveen ปีที่แล้ว

    Lance B has shared some golden nuggets. Thank you Lance and Bella.

  • @mac582
    @mac582 2 ปีที่แล้ว

    Slowly but surely ;) prioritizing getting even 0.0001% better each day. At some point I’ll eventually reach a stage where I’ll get to show SMB I can be a valuable team member, based on sincere and consistent hard work.

  • @skyecoddington2085
    @skyecoddington2085 2 ปีที่แล้ว

    Oh! The report card is a game changer for me!!! Thank you so much for this insight!!🙏🙏🙏

  • @philgiffney
    @philgiffney 2 ปีที่แล้ว +1

    Love this. Ive made a google form with 30 minute reflection windows from 09:30-11:00. Thanks

  • @НурдаулетАнуарбек-щ6я
    @НурдаулетАнуарбек-щ6я 5 หลายเดือนก่อน

    Thank you very much now I will take in my case my journaling more consciously and seriously

  • @deem5857
    @deem5857 2 ปีที่แล้ว

    This is a video I’ve been looking for! Thanks for the template, too! You really are striving to help others succeed! Excellent channel!

  • @BikeshBudhathoki
    @BikeshBudhathoki 2 ปีที่แล้ว +1

    So simple but effective technique, will try my best to stay focused for July, Thanks for sharing!

  • @KT-zx9jr
    @KT-zx9jr 2 ปีที่แล้ว +1

    Good clip and thanks Lance. That explains the DRC very well. Thanks. Kirby

  • @andrewkelly8696
    @andrewkelly8696 2 ปีที่แล้ว +6

    Thank you great lesson and always much appreciated

  • @alexhren-boulis918
    @alexhren-boulis918 ปีที่แล้ว

    Hello! I appreciate this info being shared and am going to start using the DRC. What does the "in my favor" question mean?

  • @alexleiser6100
    @alexleiser6100 2 ปีที่แล้ว +3

    Lance is the man 😎😎😎

  • @Wolfykk69
    @Wolfykk69 2 ปีที่แล้ว

    Thank you for sharing the actual DRC doc and the review. Awesome and very helpful!

  • @Guy_With_A_Plan
    @Guy_With_A_Plan 2 ปีที่แล้ว +1

    Content with Lance is 🔥🔥🔥

  • @cojensen1
    @cojensen1 2 ปีที่แล้ว +1

    Another great video. I'm enjoying lance's videos on becoming a better trader with meta learning.

  • @Lythir1
    @Lythir1 2 ปีที่แล้ว +2

    Thanks for the video and template!

  • @aaronnicholson8154
    @aaronnicholson8154 ปีที่แล้ว

    Thanks a bajillion, Lance and SMB!

  • @adanjsuarez
    @adanjsuarez 5 หลายเดือนก่อน

    Watching the video again.

  • @mikefriesdrums
    @mikefriesdrums ปีที่แล้ว

    I want to be CPT so badly! I want it more than anything else in the world and I'm willing to do anything to achieve this.

  • @christopherluna6718
    @christopherluna6718 2 ปีที่แล้ว +2

    Lance great video SMB thank you for the videos.

  • @eastcoastgrowshow8495
    @eastcoastgrowshow8495 9 หลายเดือนก่อน

    Thank you for this information! I can completely understand the need to do this work!

  • @DoingJustThat
    @DoingJustThat 2 ปีที่แล้ว

    Always nice to view others templates

  • @bloodfiretrading9822
    @bloodfiretrading9822 2 ปีที่แล้ว +1

    Hey Legend. Thanks for sharing. Great video. I have been working on being able to properly and more easily spot changes in the market state for the larger time frames in the chart I'm watching when I'm looking for opportunities. I'm reading one good trade at the moment and thought id watch one of SMBs vids. Took a lot away from this. I hope one day I too can be with a group of traders in a community where I can learn from and interact.

    • @smbcapital
      @smbcapital  2 ปีที่แล้ว

      thank you! having a great group of traders around you is definitely why traders are successful at SMB

    • @bloodfiretrading9822
      @bloodfiretrading9822 2 ปีที่แล้ว

      @@smbcapital
      Been using the template and its acctally a bit harder than i thought. But i will get better.

  • @jenicarobinson6829
    @jenicarobinson6829 2 ปีที่แล้ว

    You are awesome @Lance! I have learned a lot watching all your videos. Thank you!!!

  • @andrel761
    @andrel761 2 ปีที่แล้ว

    #DRCSummerChallenge Found this video halfway in July and just completed second consecutive week of DRC. It's not as easy to stay consistent as I thought but SO worth it! Thanks for this!!🙏🏾

  • @ravd883
    @ravd883 2 ปีที่แล้ว

    Just downloaded the template. Thank you!

  • @Darius4640
    @Darius4640 2 ปีที่แล้ว +1

    Thank you, Lance ! Super insightful as always

  • @hisham253
    @hisham253 2 ปีที่แล้ว +2

    Great lesson thank you

  • @sandstorm973
    @sandstorm973 2 ปีที่แล้ว +1

    Amazing ideas here! Thanks!

  • @pedrogarciafontova6770
    @pedrogarciafontova6770 ปีที่แล้ว

    Pure gold. Thanks a lot for sharing!

  • @lynnbernhard3653
    @lynnbernhard3653 3 หลายเดือนก่อน

    So damn good. Thank you Lance and SMP

  • @orpheus7117
    @orpheus7117 2 ปีที่แล้ว +1

    This was great! Thank you 🙏

  • @teragordon6146
    @teragordon6146 2 ปีที่แล้ว +2

    Anyone who is not investing now is missing a tremendous opportunity

  • @pedrosanchez1627
    @pedrosanchez1627 2 ปีที่แล้ว +1

    Great vid! thanks guys

  • @TheBlueskyson
    @TheBlueskyson 8 หลายเดือนก่อน

    Def food for thought. thx Lance.

  • @sphinxy_phoenix
    @sphinxy_phoenix หลายเดือนก่อน

    So helpful. Thank you!

  • @kkat0781
    @kkat0781 ปีที่แล้ว

    Hi Lance, in your template of the Daily Report Card you have a column PTD Only. Can you please let me know what what "PTD" stands for?

  • @lgraney
    @lgraney 2 ปีที่แล้ว +1

    He has a great name

  • @kturcios
    @kturcios 2 ปีที่แล้ว +1

    Great
    Stuff. Starting this today!

  • @g2c720
    @g2c720 2 ปีที่แล้ว

    what does listen to Intraday chart and box please? Thanks

  • @couchpotato684
    @couchpotato684 2 ปีที่แล้ว +1

    Thanks.

  • @themillersbuiltupontherock3742
    @themillersbuiltupontherock3742 ปีที่แล้ว

    Great content thanks for sharing this

  • @simonhuber6859
    @simonhuber6859 2 ปีที่แล้ว +1

    Hi! In one of your last Videos, mike mentioned that it's not just important to learn, practice, etc. Trading, but also that it's done right, for maximum results. Now my question is, what makes doing it right? I currently spend 6 hours a day practising and studying, but I want to do it right, for maximum results. Thanks for your answers!

  • @cruiseanthony4022
    @cruiseanthony4022 2 ปีที่แล้ว

    Other than SMB capital do you provide a course ? if yes what's the cost and how can I reach you ?

  • @luisdetomaso867
    @luisdetomaso867 2 ปีที่แล้ว +2

    Great video

  • @bossman1958
    @bossman1958 2 ปีที่แล้ว

    thank you!!

  • @183Jeremy
    @183Jeremy 11 หลายเดือนก่อน

    what does PTD stand for?

  • @nicholaswallace9581
    @nicholaswallace9581 2 ปีที่แล้ว

    What does PTD only mean?

  • @niqvisuals
    @niqvisuals 2 ปีที่แล้ว

    Thank you. Wish I had a chance to intern at your firm. I know I have what it takes.

    • @niqvisuals
      @niqvisuals 2 ปีที่แล้ว

      With your guys help I have been able to progress dramatically in my trading. Journaling is the difference maker. Up 27% in just over a month on my simulation account.

    • @gomesdiogo
      @gomesdiogo 2 ปีที่แล้ว +1

      @@niqvisuals once heard that journaling for traders is like washing hands for doctors

    • @niqvisuals
      @niqvisuals 2 ปีที่แล้ว

      @@gomesdiogo Perspective is important. Great way to put it

  • @SR-gd7vt
    @SR-gd7vt 9 หลายเดือนก่อน

    lol, hung over...I like Lance's content

  • @THEHTMASTER
    @THEHTMASTER 2 ปีที่แล้ว

    what was his success rate and the percentage he makes on month?

  • @danreitz690
    @danreitz690 2 ปีที่แล้ว +1

    really helpful

  • @AmandeepSingh-ss9ns
    @AmandeepSingh-ss9ns ปีที่แล้ว

    I 😍 SMB

  • @tejeshwarsharma6496
    @tejeshwarsharma6496 2 ปีที่แล้ว

    thanks

  • @bensemuyaba2994
    @bensemuyaba2994 2 ปีที่แล้ว +3

    How can I modify my DRC as a forex trader.. ANYONE here to share and we discuss with them thea template

    • @justinholtgrave
      @justinholtgrave 2 ปีที่แล้ว +1

      Interested as well. I only trade indices now tho

  • @swamper45
    @swamper45 2 ปีที่แล้ว

    PTD only ?? whats that ??

  • @joegellert6159
    @joegellert6159 ปีที่แล้ว

    does Lance open course trading school?

  • @EDWARDLEUNGG
    @EDWARDLEUNGG 2 ปีที่แล้ว

    Anyone know PTD ONLY means? Couldn't find it specifically on the video
    Thanks!

  • @nev53
    @nev53 2 ปีที่แล้ว

    Let's get the f to work

  • @josephmitchell6340
    @josephmitchell6340 2 ปีที่แล้ว +1

    I wish you could one on one me

  • @RA-sy3qb
    @RA-sy3qb 11 หลายเดือนก่อน

    .

  • @chibukun
    @chibukun 5 หลายเดือนก่อน

    3 2 1 really is delicious 😀 appreciate everything you guys do 💪

  • @vishalbabardx
    @vishalbabardx ปีที่แล้ว +1

    What does PTD ONLY means??