We have some good news for those who have been asking where they can find copies of The PlayBook. The PlayBook is now BACK IN STOCK. Order here. Perhaps it is more accurate to say that we have some good news for those who have been asking where they can find copies of The PlayBook for less than $800. The … Read More
Top 5 Trader Education Videos of 2020
Important disclosures Mike Bellafiore is the Co-Founder of SMB Capital, a proprietary trading desk, and SMB Training, which provides trading education in stocks, options, and futures. Bella is the author of One Good Trade and The PlayBook. He welcomes your trading questions at [email protected].
8 Reasons Why We Had Our Second Best Trading Month in Firm History
November 2020 was the second best month in our firm’s trading history (founded in 2005). During a firm call with our partners, we were all searching for the right word(s) to describe our performance in November. Finally, I chimed in with “amazing”. Another partner quickly agreed and said “yes it was…. AMAZING!” As like for traders, it is important for … Read More
Transforming Traders: Mentorship for Professional Trading (or Avoiding Missteps)
Let me offer a sneak peak into a conversation we had on our trading desk yesterday about mentoring a developing trader the right way. We did this virtually as almost our entire desk is remote due to Covid. Getting this mentoring right can make all the difference in the career of a trader. A senior trader pinged me for advice … Read More
Fastest Path to Elite Trader: Patience & Progress
You are trading and you are not yet an elite trader. You want to be. You think you can be. It would literally change your life if you could be. Let me share a secret that is vital to the work that we do. As someone who runs a proprietary trading business in NYC, we are in the business of … Read More
Judge your trading performance versus the opportunity
During a GChat, with an elite trader on our desk, an important lesson emerged. Sitting at my remote trading station, I was pinged with a chat: I can see how everyone is doing on our desk, with a leaderboard we use to watch risk and performance. The leaderboard displays the real-time PnL of all the desk’s traders. I hadn’t noticed … Read More
Improve your trading this weekend with these educational videos – recap of the week of October 24, 2020
How to Spot the Stocks You Should Stop Trading Here’s Why You Don’t Give Up On Your Best Options Strategies My First Year Day Trading at a Prop Firm (4 Ways I Found Success) The Secret to Finding the Most Lucrative Trades (Surprisingly) Real Trades Using Tape Reading with Three Proprietary Traders Important disclosures
What is the optimal mindset to be in while trading? (Trading Psychology)
What is the optimal mindset to be in while trading? I posed this question to the trading community and you can see many savvy responses to this essential question here. If you do not get this part right, then you will never reach your trading potential. This might keep you from moving from losing money to becoming a Consistently Profitable … Read More