Elite Traders Kryptonite (Shocking!)

BellaBella Daily Update

Justin spero

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)

BellaBella Daily Update

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

The Healthy Happy Trader

BellaBella Daily Update

Justin spero

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

May Trading Insights: 10 Key Takeaways from Our Prop Desk

BellaBella Daily Update

Each month our traders meet for a monthly review with their Team.  Our floor manager, @TheOneLanceB, our head of trader development- @SMBRecruiting, and I attend and provide mentorship during these meetings, which are run by the Team leader.  Dr. Steenbarger provides invaluable feedback to traders on their monthly review, as well.  Each trader shares their key takeaways from the prior … Read More