This is What a Successful Trader Looks Like

Apr 5th, 2013 | By | Category: Mike Bellafiore's (Bella's) Blogs
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I applied yesterday for a  spot in SMB Capital’s team. My resume is poor. I’m trying to increase my chances.

This was my yesterday trades.

First was TDC. I waited for the reversal and based on the Tape I’ve spotted buyers stepping up the bids. So i add a small size, initiating my long position. The tape continues to look strong so I add more, soon i got my stop hit. Didn’t reenter because i was reading the tape in VRX for my next trade.

I trade extremely small size, but i focus on the game. Percentage and cents is what i consider important, my main interest is to become better everyday. Capital, environment  and technology are slowing my learning process’s, this is why i aspire to become a trader at SMB. I have 73 trading sessions, playing at least 3 trades a day and since March my stats improved a lot. I was able to close 4 positive weeks consecutively with small gains( total +29% for the month).

I would be grateful if you would take in consideration my application form.


We will be writing more in the coming weeks about our move to Midtown NYC and trading through a hedge fund.  There are 66 seats for our prop desk in Manhattan to use our powerful proprietary technology, gain access to our quants, and be fully backed by the firm.  It is a very competitive process.

The trader above is not ready for us to consider for the fund.  It is not that he cannot be good enough.  It is not we do not like him.  In fact, I love this guy.  I love the way he works.  What a wonderful example for developing traders.  Oh man, be like this guy.  And I know when we announce our newest fund offering to traders that many will not qualify.  But we will be watching many to see if they can do it, are improving and heading in the right direction.  And we will be impressed when a trader does work like the above.

One of my favorite quotes from legendary coach John Wooden (link to TED talk) goes like this:

Success is peace of mind which is a direct result of self-satisfaction in knowing you did your best to become the best you are capable of becoming.

The trader above seems to be doing everything he can to be his best.  He is a success.  He does not need me or my firm or a firm like mine to validate this.  If you are doing the work, no matter what the field, to learn how good you can be, then be proud.  You, my friend, are a success.  And you have gained our ultimate respect.

You can be better tomorrow than you are today!

Mike Bellafiore

The PlayBook

One Good Trade

no relevant positions


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1. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through and in person. SMB TRAINING also offers web-based, interactive training courses on demand.

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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