Posts Tagged ‘ prop trading ’

SMB Capital and Kershner Trading Group Announce Joint Venture

Apr 24th, 2013 | By | Category: General Comments
April 24, 2013, NEW YORK, NY—SMB Capital, a leading proprietary trading desk based in Manhattan, and Kershner Trading Group (Austin, Texas and now New York City), have teamed up to create a joint venture for a new trading office in Midtown Manhattan. The JV offers traders a true trading partner, where the firm provides technology with an edge, large trading accounts, and low execution costs to those with a solid track record, and assumes all trading risk. Traders will have a technology edge in the proprietary trading space whereby traders can become more bionic and build automated strategies. The firm owns and develops a suite Read more [...]


[Recording] The Playbook: The Future of Prop Trading

Mar 22nd, 2013 | By | Category: Mike Bellafiore's (Bella's) Blogs, SMB on TV, SMB Video Blogs
If you missed this Webinar with Mike Bellafiore, author of the “trading classic” One Good Trade, on "The Future of Prop Trading: Introducing the Multi-Product, Multi-Market Discretionary Quant Trader", you can watch the recording now. *No Relevant Positions Read more [...]


Finding the Right Trading Product and Style

Dec 4th, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
Mike-Great thought provoking post (The biggest question for a trader) as usual. Is there a way to determine what product and type of trading fits a trader? Does it really take trial and error? Has to be a better way….any insight here? Thanks BP @mikebellafiore Thxs for reading as always BP. 1) You can take a personality test and use that as evidence of best type of trader For You.  I have done this and actually learned some interesting things about myself.  For example I have the type of personality that likes to sort out the answers to problems myself.  This was very helpful for me to learn as a trader and coach. Read more [...]


Do not say Practice

Nov 20th, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
I end most emails with: "Keep working on your trading game."  We teach our traders to do the daily work each day that helps them improve.  They are training to become consistently profitable traders (CPTs).  Their ultimate goal is to become a your best trader (YBT). Apparently I could use better words to motivate my traders. Dan Coyle, author of the Talent Code and the blog with the similar title writes that we should not use the word practice as coach and mentor.  It is not understood in the field of performance science why some are more motivated than others.  Some can practice for hours daily and never lose their drive Read more [...]


The High Motor Trader

Nov 4th, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
In basketball they look for a player with a high motor. This means a player that can defend with energy, get through screens, win loose balls, beat his man up the court, help on defense, beat his man off the dribble, etc. The player exhibits a lot of energy in many different facets of the game to help his team win. Oh man, whatever you think of Coach Cal you ought to check out ESPN All-Access of UK men's basketball if you are interested in elite performance. In the video above the value of the high motor is explained. We have this in trading as well and it is a skill you should work to develop more. What does it mean to be Read more [...]


The Chicken or the Egg?

Oct 22nd, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
Hi Mike,  First of all, I want to thank you for being such a great mentor. I've learned so much by reading SMB Capital blogs. I'm currently working a full time job as a Mechanical engineer and have taken trading four years ago, fascinated by this machine we call Mr Market. Obviously due to my day time job, I consider myself more of a swing trader. I'm a big believer of process, and I have come to learn the hard way that without my journal I will never become the trader I envision to be one day. I look back to when I started trading and I remember the countless hours I spent reading books, trying to find that "Holy Grail", looking Read more [...]


StockTwits Suggested–$DECK

Oct 17th, 2012 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
The lifeblood of a trading desk is the flow of relevant factual trading information. We spend time training our traders from Day 1 on how to gather and share information so we can all make more money. We build tools that pump out important information on In Play names all day. We have a chat room where traders can share information as well. Today I was watching the StockTwits "suggested" stream and at 10:03AM a message on DECK caught my attention. It said that OTR Global made some positive comments. Their website indicates that they are a research firm that issues reports based on channel checks. Of course this has nothing to Read more [...]


The happier Toronto trader

Oct 16th, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
I am an hour away from my presentation at Quant Invest Canada and instead of preparing I thought I would share some thoughts from a few meetings with Canadian traders with whom I met.  I take the Coach K approach to presentations.  If you cannot get up there and speak on a subject without notes then they probably should not have invited you in the first place.  I will have a power point for the presentation but if you have seen me speak I hate speaking from prepared remarks.  I prefer to just start, get a feel for the audience's interest, pivot there and see how that goes. So yesterday I met with some traders in Toronto who Read more [...]


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2. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

3. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

4. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.

5. No relevant positions

6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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