Starting a Prop Desk

BellaGeneral CommentsLeave a Comment

Hi Mike, I have a couple of questions that I would like to ask you. First, what is the success rate of new traders once they go through the SMB program? And second, in your opinion what would be the ideal number to start a trading floor with? I realize you might refer to how much capital is available but … Read More

Understanding Market Structure

BellaMike Bellafiore's (Bella's) Blogs1 Comment

Hi Mike, 1.  Trade only the MOST in play stocks in the beginning as they have the best chance to move regardless of market action. 2.  Wait for the market to break previous day’s range or some similar range from previous couple days trading. 3.  Establish the the market itself is in play. Is there significant economic news, political unrest, … Read More

Go for Growth

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

In full disclosure this blog post idea comes from listening to my wife and what she has to say about her reading. I recommend doing more of that 🙂 . In her highly publicized book Lean In (gr8 title) and in a recent interview with Fortune, Sheryl Sandberg, COO of Facebook, relives her move from Treasury to Google and then to Facebook … Read More

Growth Up

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

Mike, When I read One Good Trade and asked you some questions a while back, I didn’t put the pieces together. Am I correct in saying you expect all 66 traders to treat the trading as a job? Though one that can be quite exciting and nerve-racking to say the least. Your comments reminded me of my insurance days when I … Read More