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
The #1 Trading Goal for Top Prop Traders: Achieving Consistency
One of our top traders, perhaps our best, sent us his yearly goals. I highly await this trader’s goals each year as he often recognizes the most important goal for the upcoming year. We will reveal the #1 goal for a top trader at SMB in 2023 in this post. Choosing the wrong goal for 2023 can cause underperformance. … Read More
Add value to grow your trading network
Yesterday a trader asked me to share his email address and suggest to some traders I know to reach out to him. I declined. I didn’t know this trader. I didn’t know if this trader would add value to the trading of my friends. I couldn’t recommend him to my friends. The trader shot back a disappointed email, which bothered … Read More
How do I get a job at a proprietary trading firm?
Hey Mr. Bellafiore, … I am about to go off to college at the university of Oregon. I’ve been trading for 1 year now and even though I am not yet consistently profitable, I am getting closer and closer to that goal through the help of your two books and SMB’s videos on YouTube. One of the best things I’ve … Read More
An idea to improve your trading network and trading
I work with a strong trader, outside of SMB, who needed some help with one area of trading. I recognized the area where this trader could improve and pointed it out. What happened next can help all of our trading. While I certainly could have gone into how this strong trader could improve in this one area, I thought of … Read More
How do I get hired as a trader?
Hi Mike! Firstly – a big thanks for all you do to give back to the trading community. Your books, videos, and podcast appearances have been a great inspiration and also awesome learning opportunities. A bit of background, I have been trading full time for the past 3 years, at a prop firm and hedge fund (edited). In March, this … Read More
This trader wants it all and wants it now
Hi Mike, I hope you are doing well. I am reaching out to you because I am struggling a bit, having kind of a rough month so far. After having brought my monthly p/l back to break-even on good momentum the day before yesterday, I had a ytd top 3 loss yesterday: 1.5% of my trading equity or ~23k €. … Read More