What if I told you some of the best prop traders experienced periods of awful trading? I might go so far as to say their results were awful during specific periods. They lost money. They made unforced errors. They lost confidence. You might have periods in your trading where you conclude you are terrible. You wallow in despair that you … Read More
You Are Meant To Do Something Great (A Note to Traders)
Dear Traders, You are meant to do something great. At SMB Capital, a proprietary trading desk in NYC/Miami, we are proud to have developed numerous 7-figure-a-year and even 8-figure-a-year traders. Yes! Become your best trader with impressive PnL. But there are many other ways to be great as a trader at a proprietary trading firm or elsewhere. Being great at … Read More
This One Thing Makes You a Better Trader
At lunch at 5 Acres in Rockefeller Center, I asked three promising summer interns: What has helped you improve the most during your internship? Their answer might surprise you. It didn’t surprise me as I have heard and seen the power of this one thing on our proprietary trading in NYC many many times. I have heard this from different … Read More
Invitation: SMB Trading Summit NYC 2024
We are thrilled to invite you to the first SMB Trading Summit that will take place in the heart of NYC on March 23, 2024. There are so many benefits for you to attend this exceptional gathering of SMB Traders and members of our trading community from around the world. Too often, we hear independent traders crave the ability to … Read More
The Super Consistent Trader
We noticed one developing trader show a real ability to make money but also a lack of consistency and volatility in his trading. This was holding him back as a trader. We challenged him to focus on being more consistent, a Super Consistent Trader. How to Become a Consistently Profitable Trader (like you deserve to be) I wrote the promising … Read More
6 Ideas to Avoid Harmful Bias in Your Scalping
Here is an impressive observation made by a developing trader on the desk that can help your trading, specifically your scalping. The trader observed: I have sometimes gotten in situations where I have an overall directional bias on the name I’m currently trading, and it ends up bleeding into the actual scalps I’m taking. Scalping Rules (The secrets to scalp … Read More
The Healthy Happy Trader
We noticed one of our developing traders on our proprietary trading desk in NYC looking crestfallen. I asked to speak with him privately off the trading floor. Why was this trader so dejected? The trader had built signals that alerted him to a trade. He misread the signals and took the trade short when the signals indicated long. The trader … Read More
Alert: Mike Bellafiore Impersonator on LinkedIn
Someone is impersonating me on LinkedIn and I wanted to alert you. The Impersonator LinkedIn Account The impersonator created a LinkedIn account that looks like mine, but with a slightly different handle. Here is the LinkedIn account that is impersonating me: https://www.linkedin.com/in/mike-bellafiore-30014a269/ I suppose next the impersonator reaches out to my network asking to connect. Then it sends messages to … Read More