Posts Tagged ‘ prop trading ’

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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 of trading tools available only to the firm’s traders. Gr8trade, Read more [...]

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[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 [...]

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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. This also helps me to work better with my partners at SMB. 2) Read more [...]

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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 at a disciple while others can not sustain this energy.  Those Read more [...]

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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 a trader with a high motor? Ever sit there in a few traders feeling Read more [...]

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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 for that delusional quickest path to success. The other day Read more [...]

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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 do with why the message caught my attention. DECK is a stock that Read more [...]

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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 trade US markets.  The market is untapped here.  There is little Read more [...]

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Bon voyage to Paris to become a better trader

Oct 15th, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
Bojour.   I am flying through some nasty turbulence from southern France to Paris to catch my connecting flight back to NYC.  I land, drop off our bags and my wife, grab a few hours of sleep and then head back to the airport for a flight to Toronto.  I am the chairman and a presenter at Quant Invest Canada 2012 on 10/16.  I have spent the past week in Paris and the south of France experiencing and learning.  I leave a better trader without making one trade.   How is that possible? My wife and I were invited to a chateau wedding in the south of France this weekend.  This was the second marriage for the bride and groom.  Not in that they were previously married to different people.  Read more [...]

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Our markets are broken but still the world’s best

Oct 11th, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
Bonjour. As I write I am flying from Paris, the most beautiful city I have ever seen, to the French countryside for a chateau wedding.  Since there is no gogo internet access on the flight and I am sans iPad I thought I would share a story about a future trader I lunched with in Paris.  Perhaps some will see this as a positive anecdote for our markets and NYC. Yesterday I asked the concierge for a “casual business restaurant” for a talk with a French broker interested in transitioning to US Equities trader.  My definition of “casual” was different from the concierge’s as his suggestion was a 5 star steak house.  The French take their lunch seriously. Three courses and wine Read more [...]

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