{"id":50633,"date":"2021-03-02T14:29:59","date_gmt":"2021-03-02T19:29:59","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50633"},"modified":"2021-03-02T14:29:59","modified_gmt":"2021-03-02T19:29:59","slug":"how-elite-traders-are-crushing-markets-so-you-can-too","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-elite-traders-are-crushing-markets-so-you-can-too","title":{"rendered":"How Elite Traders Are Crushing Markets (so you can too)"},"content":{"rendered":"

In this video, Mike Bellafiore shares how and why traders at SMB Capital, have become elite traders.<\/p>\n

When Covid hit, SMB transitioned all of its in-house traders to remote trading, yet still had its most successful year ever. Find out how SMB traders succeeded despite the setbacks of covid.<\/p>\nView Video Transcript<\/strong><\/span>

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<\/div>\n<\/div>\n
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in late february 2020 i pulled yet<\/div>\n<\/div>\n<\/div>\n
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another<\/div>\n<\/div>\n<\/div>\n
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senior trader aside i asked him to stand<\/div>\n<\/div>\n<\/div>\n
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six feet away while he wore a look of<\/div>\n<\/div>\n<\/div>\n
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confusion<\/div>\n<\/div>\n<\/div>\n
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on his face and told him the health and<\/div>\n<\/div>\n<\/div>\n
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safety<\/div>\n<\/div>\n<\/div>\n
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of the traders and you comes first we’re<\/div>\n<\/div>\n<\/div>\n
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shutting down the new york city office<\/div>\n<\/div>\n<\/div>\n
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and moving to remote trading we were<\/div>\n<\/div>\n<\/div>\n
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moving<\/div>\n<\/div>\n<\/div>\n
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our in-house new york city prop firm<\/div>\n<\/div>\n<\/div>\n
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filled<\/div>\n<\/div>\n<\/div>\n
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with advantages from being in-house<\/div>\n<\/div>\n<\/div>\n
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completely<\/div>\n<\/div>\n<\/div>\n
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to remote trading our ability to adapt<\/div>\n<\/div>\n<\/div>\n
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was about<\/div>\n<\/div>\n<\/div>\n
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to be tested there were four key<\/div>\n<\/div>\n<\/div>\n
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coveted challenges there was a<\/div>\n<\/div>\n<\/div>\n
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technology challenge<\/div>\n<\/div>\n<\/div>\n
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there was a communications challenge<\/div>\n<\/div>\n<\/div>\n
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there was a management challenge<\/div>\n<\/div>\n<\/div>\n
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and there was a training challenge the<\/div>\n<\/div>\n<\/div>\n
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technology challenge<\/div>\n<\/div>\n<\/div>\n
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was we would have to invest quickly in a<\/div>\n<\/div>\n<\/div>\n
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new infrastructure<\/div>\n<\/div>\n<\/div>\n
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for remote trading it would be a<\/div>\n<\/div>\n<\/div>\n
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significant investment we’d have to<\/div>\n<\/div>\n<\/div>\n
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migrate traders to this new technology<\/div>\n<\/div>\n<\/div>\n
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and do so gracefully traders would have<\/div>\n<\/div>\n<\/div>\n
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to trade on a potentially slower<\/div>\n<\/div>\n<\/div>\n
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and less reliable technology compared to<\/div>\n<\/div>\n<\/div>\n
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our in-house technology<\/div>\n<\/div>\n<\/div>\n
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we don’t trade on a third-party<\/div>\n<\/div>\n<\/div>\n
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commercial<\/div>\n<\/div>\n<\/div>\n
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trading platform that goes down or as<\/div>\n<\/div>\n<\/div>\n
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slow<\/div>\n<\/div>\n<\/div>\n
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ever in fact a new trader<\/div>\n<\/div>\n<\/div>\n
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during a chat with me asked is anyone<\/div>\n<\/div>\n<\/div>\n
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else experiencing problems with their<\/div>\n<\/div>\n<\/div>\n
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platform<\/div>\n<\/div>\n<\/div>\n
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is there a problem with the platform and<\/div>\n<\/div>\n<\/div>\n
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i shot back no<\/div>\n<\/div>\n<\/div>\n
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it’s your connection our platform<\/div>\n<\/div>\n<\/div>\n
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doesn’t go down<\/div>\n<\/div>\n<\/div>\n
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we don’t trade on each right here our<\/div>\n<\/div>\n<\/div>\n
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platform<\/div>\n<\/div>\n<\/div>\n
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cannot go down august 24th 2015<\/div>\n<\/div>\n<\/div>\n
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saw a huge gap down in u.s markets there<\/div>\n<\/div>\n<\/div>\n
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was a flash crash on the open many<\/div>\n<\/div>\n<\/div>\n
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products were mispriced<\/div>\n<\/div>\n<\/div>\n
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we were one of the few firms who could<\/div>\n<\/div>\n<\/div>\n
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trade actually<\/div>\n<\/div>\n<\/div>\n
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entering orders the firm platform<\/div>\n<\/div>\n<\/div>\n
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ensured<\/div>\n<\/div>\n<\/div>\n
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one of our best days in firm history we<\/div>\n<\/div>\n<\/div>\n
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cannot miss the opportunity on the<\/div>\n<\/div>\n<\/div>\n
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biggest days we’re a p<\/div>\n<\/div>\n<\/div>\n
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l proprietary trading firm that only<\/div>\n<\/div>\n<\/div>\n
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makes money if our traders do<\/div>\n<\/div>\n<\/div>\n
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we say we make more on the best days<\/div>\n<\/div>\n<\/div>\n
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there was a communication challenge we’d<\/div>\n<\/div>\n<\/div>\n
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have to talk to our traders about why<\/div>\n<\/div>\n<\/div>\n
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they needed to trade<\/div>\n<\/div>\n<\/div>\n
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remotely some traders said<\/div>\n<\/div>\n<\/div>\n
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i’ll take the risk a change of<\/div>\n<\/div>\n<\/div>\n
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environment can be hard<\/div>\n<\/div>\n<\/div>\n
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for traders we’d have to find<\/div>\n<\/div>\n<\/div>\n
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third-party technology solutions<\/div>\n<\/div>\n<\/div>\n
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for chat and audio our<\/div>\n<\/div>\n<\/div>\n
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mantra at smb<\/div>\n<\/div>\n<\/div>\n
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is talk to each other share ideas<\/div>\n<\/div>\n<\/div>\n
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collaborate<\/div>\n<\/div>\n<\/div>\n
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so this was a real communication<\/div>\n<\/div>\n<\/div>\n
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challenge<\/div>\n<\/div>\n<\/div>\n
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there was a management challenge<\/div>\n<\/div>\n<\/div>\n
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creating bonds and connections<\/div>\n<\/div>\n<\/div>\n
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are much harder when traders are remote<\/div>\n<\/div>\n<\/div>\n
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monthly virtual happy hours were<\/div>\n<\/div>\n<\/div>\n
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instituted<\/div>\n<\/div>\n<\/div>\n
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to bridge that connection normal review<\/div>\n<\/div>\n<\/div>\n
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meetings that we were having in person<\/div>\n<\/div>\n<\/div>\n
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we continued to have we just did it over<\/div>\n<\/div>\n<\/div>\n
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zoom<\/div>\n<\/div>\n<\/div>\n
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we doubled down on our communication on<\/div>\n<\/div>\n<\/div>\n
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risk limits<\/div>\n<\/div>\n<\/div>\n
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with our traders and you can see from<\/div>\n<\/div>\n<\/div>\n
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the shot right here i moved my family to<\/div>\n<\/div>\n<\/div>\n
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a shore<\/div>\n<\/div>\n<\/div>\n
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town on the ocean and we were doing all<\/div>\n<\/div>\n<\/div>\n
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of this management<\/div>\n<\/div>\n<\/div>\n
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90 miles from the city training is<\/div>\n<\/div>\n<\/div>\n
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vital to smb training new traders<\/div>\n<\/div>\n<\/div>\n
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for our firm from new traders to elite<\/div>\n<\/div>\n<\/div>\n
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traders<\/div>\n<\/div>\n<\/div>\n
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is our lifeblood we can’t grow<\/div>\n<\/div>\n<\/div>\n
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and sustain without training new traders<\/div>\n<\/div>\n<\/div>\n
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how are we going to do this remotely<\/div>\n<\/div>\n<\/div>\n
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we utilize the infrastructure of our<\/div>\n<\/div>\n<\/div>\n
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sister firm<\/div>\n<\/div>\n<\/div>\n
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smb training that’s our education arm<\/div>\n<\/div>\n<\/div>\n
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for<\/div>\n<\/div>\n<\/div>\n
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our prop desk asking smb capital all of<\/div>\n<\/div>\n<\/div>\n
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the in-person training was now going to<\/div>\n<\/div>\n<\/div>\n
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be held<\/div>\n<\/div>\n<\/div>\n
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online our internships were moved online<\/div>\n<\/div>\n<\/div>\n
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we introduced updated online versions of<\/div>\n<\/div>\n<\/div>\n
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our core training programs smb dna and<\/div>\n<\/div>\n<\/div>\n
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the winning trader<\/div>\n<\/div>\n<\/div>\n
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and as a note our best traders are smb<\/div>\n<\/div>\n<\/div>\n
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trained<\/div>\n<\/div>\n<\/div>\n
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so we have the ability to hire and we do<\/div>\n<\/div>\n<\/div>\n
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experienced traders from all over new<\/div>\n<\/div>\n<\/div>\n
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york city and the surrounding areas and<\/div>\n<\/div>\n<\/div>\n
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the thought is some of the biggest<\/div>\n<\/div>\n<\/div>\n
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traders in the world are looking for<\/div>\n<\/div>\n<\/div>\n
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capital right here in new york city<\/div>\n<\/div>\n<\/div>\n
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and we actively recruit and hire them<\/div>\n<\/div>\n<\/div>\n
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but since we’ve been doing this since<\/div>\n<\/div>\n<\/div>\n
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the inception of smb<\/div>\n<\/div>\n<\/div>\n
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our best traders are smb trained<\/div>\n<\/div>\n<\/div>\n
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there are homegrown traders it’s not<\/div>\n<\/div>\n<\/div>\n
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even close<\/div>\n<\/div>\n<\/div>\n
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the experienced traders we hire on the<\/div>\n<\/div>\n<\/div>\n
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street can’t hold the candle to the guys<\/div>\n<\/div>\n<\/div>\n
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we bring<\/div>\n<\/div>\n<\/div>\n
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from college into consistently<\/div>\n<\/div>\n<\/div>\n
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profitable<\/div>\n<\/div>\n<\/div>\n
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and then elite we needed to make sure<\/div>\n<\/div>\n<\/div>\n
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the development of the new traders<\/div>\n<\/div>\n<\/div>\n
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was going to be successful if you want<\/div>\n<\/div>\n<\/div>\n
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to learn three more<\/div>\n<\/div>\n<\/div>\n
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real world setups that our traders use<\/div>\n<\/div>\n<\/div>\n
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including the simple setup that we teach<\/div>\n<\/div>\n<\/div>\n
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all of our new traders and the setup<\/div>\n<\/div>\n<\/div>\n
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that turned one of our traders into a<\/div>\n<\/div>\n<\/div>\n
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seven<\/div>\n<\/div>\n<\/div>\n
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figure big money earner check out the<\/div>\n<\/div>\n<\/div>\n
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free webinar that we’re currently<\/div>\n<\/div>\n<\/div>\n
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running<\/div>\n<\/div>\n<\/div>\n
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just go ahead and click the link that<\/div>\n<\/div>\n<\/div>\n
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should be appearing now<\/div>\n<\/div>\n<\/div>\n
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at the top right hand corner of your<\/div>\n<\/div>\n<\/div>\n
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screen that will open up the free<\/div>\n<\/div>\n<\/div>\n
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registration page in a new window so<\/div>\n<\/div>\n<\/div>\n
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don’t worry<\/div>\n<\/div>\n<\/div>\n
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you won’t lose this video you can also<\/div>\n<\/div>\n<\/div>\n
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visit<\/div>\n<\/div>\n<\/div>\n
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tradingworkshop.com to register for this<\/div>\n<\/div>\n<\/div>\n
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free intensive workshop<\/div>\n<\/div>\n<\/div>\n
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you’re going to learn more in a couple<\/div>\n<\/div>\n<\/div>\n
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of hours from this trading workshop<\/div>\n<\/div>\n<\/div>\n
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than from years of online education<\/div>\n<\/div>\n<\/div>\n
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there’s a great book<\/div>\n<\/div>\n<\/div>\n
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chop wood carry water that you might<\/div>\n<\/div>\n<\/div>\n
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check out<\/div>\n<\/div>\n<\/div>\n
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and there’s a passage in it that<\/div>\n<\/div>\n<\/div>\n
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succinctly summarizes the culture that<\/div>\n<\/div>\n<\/div>\n
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that we instill on our training and this<\/div>\n<\/div>\n<\/div>\n
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was something that was shared to me by<\/div>\n<\/div>\n<\/div>\n
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somebody that i actually coached outside<\/div>\n<\/div>\n<\/div>\n
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of the firm<\/div>\n<\/div>\n<\/div>\n
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that he thought that i would<\/div>\n<\/div>\n<\/div>\n
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particularly enjoy<\/div>\n<\/div>\n<\/div>\n
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and you know the passage is about<\/div>\n<\/div>\n<\/div>\n
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a particularly young person who wants to<\/div>\n<\/div>\n<\/div>\n
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become<\/div>\n<\/div>\n<\/div>\n
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a samurai archer you can<\/div>\n<\/div>\n<\/div>\n
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replace samurai archer for consistently<\/div>\n<\/div>\n<\/div>\n
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profitable trader<\/div>\n<\/div>\n<\/div>\n
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the passage is akira sensei i’m getting<\/div>\n<\/div>\n<\/div>\n
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better and better each week<\/div>\n<\/div>\n<\/div>\n
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how long will it take for me to become a<\/div>\n<\/div>\n<\/div>\n
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samurai archer now<\/div>\n<\/div>\n<\/div>\n
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akira smiled and told them it would take<\/div>\n<\/div>\n<\/div>\n
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10 years<\/div>\n<\/div>\n<\/div>\n
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john was furious 10 years maybe if i<\/div>\n<\/div>\n<\/div>\n
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didn’t have to spend so much time<\/div>\n<\/div>\n<\/div>\n
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chopping wood and carrying water<\/div>\n<\/div>\n<\/div>\n
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then i’d be able to reach my goal much<\/div>\n<\/div>\n<\/div>\n
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faster<\/div>\n<\/div>\n<\/div>\n
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akira replied if you don’t chop water<\/div>\n<\/div>\n<\/div>\n
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if you don’t chop wood and carry water<\/div>\n<\/div>\n<\/div>\n
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then it will take you 20 years to become<\/div>\n<\/div>\n<\/div>\n
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a samurai archer<\/div>\n<\/div>\n<\/div>\n
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then he turned and walked away<\/div>\n<\/div>\n<\/div>\n
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patience all of the<\/div>\n<\/div>\n<\/div>\n
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chats with traders review sessions with<\/div>\n<\/div>\n<\/div>\n
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traders<\/div>\n<\/div>\n<\/div>\n
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talks with traders daily work with<\/div>\n<\/div>\n<\/div>\n
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traders<\/div>\n<\/div>\n<\/div>\n
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all of that adds up and compounds upon<\/div>\n<\/div>\n<\/div>\n
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each<\/div>\n<\/div>\n<\/div>\n
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upon itself to help these traders grow<\/div>\n<\/div>\n<\/div>\n
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into consistently profitable and in some<\/div>\n<\/div>\n<\/div>\n
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cases elite traders<\/div>\n<\/div>\n<\/div>\n
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sgx is visionary i visited singapore<\/div>\n<\/div>\n<\/div>\n
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three times i’ve been very impressed<\/div>\n<\/div>\n<\/div>\n
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with xgx’s educational resources for<\/div>\n<\/div>\n<\/div>\n
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traders and investors i wish<\/div>\n<\/div>\n<\/div>\n
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that nasdaq and the new york stock<\/div>\n<\/div>\n<\/div>\n
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exchange change invested in trader<\/div>\n<\/div>\n<\/div>\n
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education like sgx<\/div>\n<\/div>\n<\/div>\n
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how important is trader education to our<\/div>\n<\/div>\n<\/div>\n
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firm<\/div>\n<\/div>\n<\/div>\n
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let me put it this way we would never<\/div>\n<\/div>\n<\/div>\n
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allow<\/div>\n<\/div>\n<\/div>\n
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a new trader to trade firm capital<\/div>\n<\/div>\n<\/div>\n
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ever ever ever ever<\/div>\n<\/div>\n<\/div>\n
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without first taking our world<\/div>\n<\/div>\n<\/div>\n
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class training which is smb dna<\/div>\n<\/div>\n<\/div>\n
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and the winning trader we would not give<\/div>\n<\/div>\n<\/div>\n
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them access to firm capital<\/div>\n<\/div>\n<\/div>\n
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without first being properly trained and<\/div>\n<\/div>\n<\/div>\n
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being properly trained<\/div>\n<\/div>\n<\/div>\n
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in the way that we train traders what<\/div>\n<\/div>\n<\/div>\n
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were our communication results<\/div>\n<\/div>\n<\/div>\n
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well we built unique channels for<\/div>\n<\/div>\n<\/div>\n
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different clusters of traders to<\/div>\n<\/div>\n<\/div>\n
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communicate<\/div>\n<\/div>\n<\/div>\n
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traders have different styles and<\/div>\n<\/div>\n<\/div>\n
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strategies so you don’t want to just<\/div>\n<\/div>\n<\/div>\n
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have<\/div>\n<\/div>\n<\/div>\n
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one channel where people could chat and<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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share their audio surprisingly<\/div>\n<\/div>\n<\/div>\n
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traders created more channels than just<\/div>\n<\/div>\n<\/div>\n
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what we created they created their best<\/div>\n<\/div>\n<\/div>\n
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channels the<\/div>\n<\/div>\n<\/div>\n
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unique channels of communication some<\/div>\n<\/div>\n<\/div>\n
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very different than<\/div>\n<\/div>\n<\/div>\n
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what we had expected for example three<\/div>\n<\/div>\n<\/div>\n
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traders wound up communicating together<\/div>\n<\/div>\n<\/div>\n
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that we never would have guessed<\/div>\n<\/div>\n<\/div>\n
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would have and they’ve thrived we<\/div>\n<\/div>\n<\/div>\n
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encouraged<\/div>\n<\/div>\n<\/div>\n
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and green led joint accounts which i’m<\/div>\n<\/div>\n<\/div>\n
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going to talk about a little bit later<\/div>\n<\/div>\n<\/div>\n
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and overall our communication improved<\/div>\n<\/div>\n<\/div>\n
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our trading results this was a big<\/div>\n<\/div>\n<\/div>\n
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challenge<\/div>\n<\/div>\n<\/div>\n
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well so we we went remote<\/div>\n<\/div>\n<\/div>\n
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in the beginning of march of 2020<\/div>\n<\/div>\n<\/div>\n
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and we were a little bit anxious about<\/div>\n<\/div>\n<\/div>\n
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how this was all going to work out<\/div>\n<\/div>\n<\/div>\n
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and so how did it turn out well<\/div>\n<\/div>\n<\/div>\n
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in march of 2020<\/div>\n<\/div>\n<\/div>\n
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we had our best trading month ever in<\/div>\n<\/div>\n<\/div>\n
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november<\/div>\n<\/div>\n<\/div>\n
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in 2020 we had our second best trading<\/div>\n<\/div>\n<\/div>\n
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month<\/div>\n<\/div>\n<\/div>\n
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ever and 2020 we had our best<\/div>\n<\/div>\n<\/div>\n
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trading year ever we’ve been in business<\/div>\n<\/div>\n<\/div>\n
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since 2005.<\/div>\n<\/div>\n<\/div>\n
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in january of 2021 we made a new<\/div>\n<\/div>\n<\/div>\n
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best personal best for our trading month<\/div>\n<\/div>\n<\/div>\n
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to be the top three trader at our firm<\/div>\n<\/div>\n<\/div>\n
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in 2020 you had to clear<\/div>\n<\/div>\n<\/div>\n
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18 million dollars net in trading<\/div>\n<\/div>\n<\/div>\n
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profits<\/div>\n<\/div>\n<\/div>\n
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january 2021 was our best month in firm<\/div>\n<\/div>\n<\/div>\n
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history<\/div>\n<\/div>\n<\/div>\n
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we couldn’t be happier for many of our<\/div>\n<\/div>\n<\/div>\n
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traders i tweeted<\/div>\n<\/div>\n<\/div>\n
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we’re grateful to work with our traders<\/div>\n<\/div>\n<\/div>\n
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but having had the success i leave you<\/div>\n<\/div>\n<\/div>\n
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with one endearing<\/div>\n<\/div>\n<\/div>\n
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lesson there is not one trader or<\/div>\n<\/div>\n<\/div>\n
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partner<\/div>\n<\/div>\n<\/div>\n
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who cannot do better<\/div>\n<\/div>\n<\/div>\n
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what were the keys to our success<\/div>\n<\/div>\n<\/div>\n
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in conquering this enormous challenge<\/div>\n<\/div>\n<\/div>\n
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okay number one the s b trading system<\/div>\n<\/div>\n<\/div>\n
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trading the stocks in play we trade<\/div>\n<\/div>\n<\/div>\n
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stocks with a catalyst<\/div>\n<\/div>\n<\/div>\n
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they either have a technical catalyst<\/div>\n<\/div>\n<\/div>\n
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for example something severely<\/div>\n<\/div>\n<\/div>\n
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overbought<\/div>\n<\/div>\n<\/div>\n
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or oversold or they have a breakout or<\/div>\n<\/div>\n<\/div>\n
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breakdown or they have a news catalyst<\/div>\n<\/div>\n<\/div>\n
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and let me give you a couple examples of<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
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so one example of a technical setup<\/div>\n<\/div>\n<\/div>\n
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that hits our stock selection radar is<\/div>\n<\/div>\n<\/div>\n
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something that<\/div>\n<\/div>\n<\/div>\n
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is way overbought on our daily charts<\/div>\n<\/div>\n<\/div>\n
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you can see right here<\/div>\n<\/div>\n<\/div>\n
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this particular stock was 17 and a half<\/div>\n<\/div>\n<\/div>\n
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dollars a couple of days ago and now<\/div>\n<\/div>\n<\/div>\n
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it’s trading at 53.5<\/div>\n<\/div>\n<\/div>\n
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that’s going to get on our radar let’s<\/div>\n<\/div>\n<\/div>\n
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take a look at another example<\/div>\n<\/div>\n<\/div>\n
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here’s a stock in a really hot sector<\/div>\n<\/div>\n<\/div>\n
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the electric vehicle sector the tesla<\/div>\n<\/div>\n<\/div>\n
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sector that’s getting ready to break out<\/div>\n<\/div>\n<\/div>\n
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above a long-term resistance level and<\/div>\n<\/div>\n<\/div>\n
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does<\/div>\n<\/div>\n<\/div>\n
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that gets on our radar or we see<\/div>\n<\/div>\n<\/div>\n
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something that has a news catalyst in<\/div>\n<\/div>\n<\/div>\n
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this case<\/div>\n<\/div>\n<\/div>\n
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square beat on earnings beats on revenue<\/div>\n<\/div>\n<\/div>\n
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it has an earnings report that’s going<\/div>\n<\/div>\n<\/div>\n
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to be on our radar<\/div>\n<\/div>\n<\/div>\n
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so we want to focus<\/div>\n<\/div>\n<\/div>\n
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we need to focus on the stocks that are<\/div>\n<\/div>\n<\/div>\n
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in play<\/div>\n<\/div>\n<\/div>\n
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but that’s not enough we also<\/div>\n<\/div>\n<\/div>\n
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add arvol we confirm we confirm<\/div>\n<\/div>\n<\/div>\n
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our stock selection with arvol<\/div>\n<\/div>\n<\/div>\n
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arvel is relative volume relative volume<\/div>\n<\/div>\n<\/div>\n
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compares the<\/div>\n<\/div>\n<\/div>\n
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current volume to normal volume for the<\/div>\n<\/div>\n<\/div>\n
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same day<\/div>\n<\/div>\n<\/div>\n
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and it’s displayed as a ratio so for<\/div>\n<\/div>\n<\/div>\n
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example a stock trading five and a half<\/div>\n<\/div>\n<\/div>\n
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times its normal volume<\/div>\n<\/div>\n<\/div>\n
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would have a relative volume display of<\/div>\n<\/div>\n<\/div>\n
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five and a half<\/div>\n<\/div>\n<\/div>\n
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elevated arbol or we do not<\/div>\n<\/div>\n<\/div>\n
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trade the stock here’s an example of<\/div>\n<\/div>\n<\/div>\n
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how one trader adopted this principle<\/div>\n<\/div>\n<\/div>\n
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and had<\/div>\n<\/div>\n<\/div>\n
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much better results so i mentor slayer<\/div>\n<\/div>\n<\/div>\n
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who’s an elite<\/div>\n<\/div>\n<\/div>\n
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australian equities trader he wanted to<\/div>\n<\/div>\n<\/div>\n
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improve his breakout trades and we<\/div>\n<\/div>\n<\/div>\n
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started working on this<\/div>\n<\/div>\n<\/div>\n
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and i said hey why don’t we add arvol to<\/div>\n<\/div>\n<\/div>\n
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your breakup<\/div>\n<\/div>\n<\/div>\n
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break out trade variables and see how<\/div>\n<\/div>\n<\/div>\n
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you do and so he started<\/div>\n<\/div>\n<\/div>\n
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not taking breakout trades unless<\/div>\n<\/div>\n<\/div>\n
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there was elevated arvol significantly<\/div>\n<\/div>\n<\/div>\n
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improved his breakout trading<\/div>\n<\/div>\n<\/div>\n
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the second key to conquering<\/div>\n<\/div>\n<\/div>\n
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this huge challenge was stress free<\/div>\n<\/div>\n<\/div>\n
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trading focusing on stress<\/div>\n<\/div>\n<\/div>\n
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free trading what i’m going to tell you<\/div>\n<\/div>\n<\/div>\n
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is going to surprise i’m sure a lot of<\/div>\n<\/div>\n<\/div>\n
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you<\/div>\n<\/div>\n<\/div>\n
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myth elite active traders have to learn<\/div>\n<\/div>\n<\/div>\n
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to draw down more<\/div>\n<\/div>\n<\/div>\n
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to make more myth you have to feel<\/div>\n<\/div>\n<\/div>\n
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pain to make a ton truth<\/div>\n<\/div>\n<\/div>\n
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elite active traders worked consistently<\/div>\n<\/div>\n<\/div>\n
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of late and intentionally of late on<\/div>\n<\/div>\n<\/div>\n
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drawing down less<\/div>\n<\/div>\n<\/div>\n
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and made more and you can do that<\/div>\n<\/div>\n<\/div>\n
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if you improve your selectivity and your<\/div>\n<\/div>\n<\/div>\n
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entries<\/div>\n<\/div>\n<\/div>\n
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stress-free trading this allows you to<\/div>\n<\/div>\n<\/div>\n
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save your risk<\/div>\n<\/div>\n<\/div>\n
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for your best trades psychologically<\/div>\n<\/div>\n<\/div>\n
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it’s more sustainable<\/div>\n<\/div>\n<\/div>\n
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it’s very hard to lose or draw down a<\/div>\n<\/div>\n<\/div>\n
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ton before you win<\/div>\n<\/div>\n<\/div>\n
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even even even for top<\/div>\n<\/div>\n<\/div>\n
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proprietary traders<\/div>\n<\/div>\n<\/div>\n
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so shark is one of our fabulous elite<\/div>\n<\/div>\n<\/div>\n
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active traders at a firm one of the best<\/div>\n<\/div>\n<\/div>\n
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in the business in his space<\/div>\n<\/div>\n<\/div>\n
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we taught him from scratch into<\/div>\n<\/div>\n<\/div>\n
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the the elite trader that he’s become we<\/div>\n<\/div>\n<\/div>\n
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created<\/div>\n<\/div>\n<\/div>\n
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a template for our traders to help them<\/div>\n<\/div>\n<\/div>\n
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trade at their best we noticed by<\/div>\n<\/div>\n<\/div>\n
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studying them when they were trading at<\/div>\n<\/div>\n<\/div>\n
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their best and so we put together a<\/div>\n<\/div>\n<\/div>\n
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pretty<\/div>\n<\/div>\n<\/div>\n
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cool formula for them to be thinking<\/div>\n<\/div>\n<\/div>\n
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about and that’s thesis<\/div>\n<\/div>\n<\/div>\n
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plus setup in your playbook plus<\/div>\n<\/div>\n<\/div>\n
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confirmation plus fight for price equals<\/div>\n<\/div>\n<\/div>\n
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one good trade this is when they were<\/div>\n<\/div>\n<\/div>\n
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trading<\/div>\n<\/div>\n<\/div>\n
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at their best this is when consistently<\/div>\n<\/div>\n<\/div>\n
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across<\/div>\n<\/div>\n<\/div>\n
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markets across firms traders active<\/div>\n<\/div>\n<\/div>\n
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elite traders were trading at their best<\/div>\n<\/div>\n<\/div>\n
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and for shark<\/div>\n<\/div>\n<\/div>\n
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he needed to focus on making sure there<\/div>\n<\/div>\n<\/div>\n
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was confirmation<\/div>\n<\/div>\n<\/div>\n
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before he put on a lot of risk making<\/div>\n<\/div>\n<\/div>\n
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sure<\/div>\n<\/div>\n<\/div>\n
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he didn’t just trade his thesis i think<\/div>\n<\/div>\n<\/div>\n
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something should go up a ton or i think<\/div>\n<\/div>\n<\/div>\n
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something should go down a ton<\/div>\n<\/div>\n<\/div>\n
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he waited for that confirmation from the<\/div>\n<\/div>\n<\/div>\n
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price action<\/div>\n<\/div>\n<\/div>\n
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and that reduced his stress with his<\/div>\n<\/div>\n<\/div>\n
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trading and then improved his results<\/div>\n<\/div>\n<\/div>\n
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also we noticed with shark again an<\/div>\n<\/div>\n<\/div>\n
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elite trader<\/div>\n<\/div>\n<\/div>\n
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even the elite traders see coaching and<\/div>\n<\/div>\n<\/div>\n
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mentoring<\/div>\n<\/div>\n<\/div>\n
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to trade at their best we noticed that<\/div>\n<\/div>\n<\/div>\n
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when he was psychologically doing<\/div>\n<\/div>\n<\/div>\n
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certain things trading<\/div>\n<\/div>\n<\/div>\n
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what we call in a convicted state<\/div>\n<\/div>\n<\/div>\n
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certain<\/div>\n<\/div>\n<\/div>\n
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that his ideas were right he traded very<\/div>\n<\/div>\n<\/div>\n
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poorly<\/div>\n<\/div>\n<\/div>\n
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but when he was in his optimal<\/div>\n<\/div>\n<\/div>\n
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psychological state he traded<\/div>\n<\/div>\n<\/div>\n
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like an elite trader and so we put<\/div>\n<\/div>\n<\/div>\n
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together a neat formula<\/div>\n<\/div>\n<\/div>\n
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for what it looks like for you for<\/div>\n<\/div>\n<\/div>\n
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traders to trade at this elite<\/div>\n<\/div>\n<\/div>\n
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psychological state and it’s excited<\/div>\n<\/div>\n<\/div>\n
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about the opportunity com<\/div>\n<\/div>\n<\/div>\n
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open-minded focused<\/div>\n<\/div>\n<\/div>\n
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and then pounce like a lion when you see<\/div>\n<\/div>\n<\/div>\n
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your trade and for shark<\/div>\n<\/div>\n<\/div>\n
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when he was convicted when he lacked<\/div>\n<\/div>\n<\/div>\n
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open-mindedness<\/div>\n<\/div>\n<\/div>\n
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he was an underperforming trader<\/div>\n<\/div>\n<\/div>\n
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and so reminding him of this getting him<\/div>\n<\/div>\n<\/div>\n
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to work<\/div>\n<\/div>\n<\/div>\n
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on being open-minded really helped<\/div>\n<\/div>\n<\/div>\n
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his results let me tell you a little bit<\/div>\n<\/div>\n<\/div>\n
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about another trader<\/div>\n<\/div>\n<\/div>\n
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who is outside of our firm who i work<\/div>\n<\/div>\n<\/div>\n
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closely with<\/div>\n<\/div>\n<\/div>\n
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let’s call him legend he deserves that<\/div>\n<\/div>\n<\/div>\n
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nickname<\/div>\n<\/div>\n<\/div>\n
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based on his p l and his trading prowess<\/div>\n<\/div>\n<\/div>\n
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his goal is to make as much as he can<\/div>\n<\/div>\n<\/div>\n
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while maximizing his enjoyment in life<\/div>\n<\/div>\n<\/div>\n
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he’s his goal is not to make every last<\/div>\n<\/div>\n<\/div>\n
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dollar<\/div>\n<\/div>\n<\/div>\n
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to go from two to five million dollars a<\/div>\n<\/div>\n<\/div>\n
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year in p<\/div>\n<\/div>\n<\/div>\n
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l to beyond which is<\/div>\n<\/div>\n<\/div>\n
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what he wanted to do when we started<\/div>\n<\/div>\n<\/div>\n
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working together he intentionally worked<\/div>\n<\/div>\n<\/div>\n
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to reduce his trading stress<\/div>\n<\/div>\n<\/div>\n
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to reduce his trading stress he<\/div>\n<\/div>\n<\/div>\n
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doubled down on his reliance on reading<\/div>\n<\/div>\n<\/div>\n
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the tape he’s a great tape reader<\/div>\n<\/div>\n<\/div>\n
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great price action trader as the<\/div>\n<\/div>\n<\/div>\n
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indicator<\/div>\n<\/div>\n<\/div>\n
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that would lead to his best trades and<\/div>\n<\/div>\n<\/div>\n
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in doing this<\/div>\n<\/div>\n<\/div>\n
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he reduced his stress and he took a huge<\/div>\n<\/div>\n<\/div>\n
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next leap in his trading clearing eight<\/div>\n<\/div>\n<\/div>\n
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figures a year<\/div>\n<\/div>\n<\/div>\n
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clearing 15 million dollars net and<\/div>\n<\/div>\n<\/div>\n
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trading p l for a year<\/div>\n<\/div>\n<\/div>\n
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and achieving the goals that he set out<\/div>\n<\/div>\n<\/div>\n
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for himself to be a trader so we<\/div>\n<\/div>\n<\/div>\n
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achieved his goals<\/div>\n<\/div>\n<\/div>\n
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and he reduced his stress so this is<\/div>\n<\/div>\n<\/div>\n
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swang this is swang is one of our<\/div>\n<\/div>\n<\/div>\n
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elite active traders so<\/div>\n<\/div>\n<\/div>\n
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you trade the stocks that are in play<\/div>\n<\/div>\n<\/div>\n
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you look for arvol to confirm your<\/div>\n<\/div>\n<\/div>\n
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trades<\/div>\n<\/div>\n<\/div>\n
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you make sure you’re in the right frame<\/div>\n<\/div>\n<\/div>\n
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of mind but you also<\/div>\n<\/div>\n<\/div>\n
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then have to focus on your best trades<\/div>\n<\/div>\n<\/div>\n
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we call them<\/div>\n<\/div>\n<\/div>\n
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our a plus trades so key number three<\/div>\n<\/div>\n<\/div>\n
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for us doing as well as as we did<\/div>\n<\/div>\n<\/div>\n
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was to focus on our best trades our a<\/div>\n<\/div>\n<\/div>\n
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plus trades<\/div>\n<\/div>\n<\/div>\n
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now i want to be clear about something<\/div>\n<\/div>\n<\/div>\n
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we measure<\/div>\n<\/div>\n<\/div>\n
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all of our trades we have in-depth<\/div>\n<\/div>\n<\/div>\n
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trading stats<\/div>\n<\/div>\n<\/div>\n
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on what we trade best this is<\/div>\n<\/div>\n<\/div>\n
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individualized by trader<\/div>\n<\/div>\n<\/div>\n
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each of our traders can tell you the<\/div>\n<\/div>\n<\/div>\n
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name and the statistics<\/div>\n<\/div>\n<\/div>\n
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for each of the trades that they make<\/div>\n<\/div>\n<\/div>\n
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and they measure this on a day by day<\/div>\n<\/div>\n<\/div>\n
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week by week monthly basis<\/div>\n<\/div>\n<\/div>\n
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and swang who was one of the most<\/div>\n<\/div>\n<\/div>\n
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consistent traders that we had and you<\/div>\n<\/div>\n<\/div>\n
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can see him here getting a black<\/div>\n<\/div>\n<\/div>\n
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shirt which you get when you make two<\/div>\n<\/div>\n<\/div>\n
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million dollars net<\/div>\n<\/div>\n<\/div>\n
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entry in in p l for the year this is a<\/div>\n<\/div>\n<\/div>\n
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few years ago<\/div>\n<\/div>\n<\/div>\n
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and very happy to to do that and he was<\/div>\n<\/div>\n<\/div>\n
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working on trying to become an eight<\/div>\n<\/div>\n<\/div>\n
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figure a year trader<\/div>\n<\/div>\n<\/div>\n
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but at the end of last year<\/div>\n<\/div>\n<\/div>\n
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the end of 2019 he<\/div>\n<\/div>\n<\/div>\n
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started to struggle he went from most<\/div>\n<\/div>\n<\/div>\n
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consistent trader that we’ve actually<\/div>\n<\/div>\n<\/div>\n
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ever trained<\/div>\n<\/div>\n<\/div>\n
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the losing trader was actually negative<\/div>\n<\/div>\n<\/div>\n
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for the month and during a monthly<\/div>\n<\/div>\n<\/div>\n
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review we sit in a conference room<\/div>\n<\/div>\n<\/div>\n
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and guys bring in their trading stats<\/div>\n<\/div>\n<\/div>\n
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and he shows us<\/div>\n<\/div>\n<\/div>\n
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these negative results and is looking<\/div>\n<\/div>\n<\/div>\n
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for answers<\/div>\n<\/div>\n<\/div>\n
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our in-house trading coach dr brett<\/div>\n<\/div>\n<\/div>\n
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steenbarger who’s<\/div>\n<\/div>\n<\/div>\n
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the best trading coach in the world and<\/div>\n<\/div>\n<\/div>\n
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we’re just so lucky to have worked with<\/div>\n<\/div>\n<\/div>\n
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our traders and<\/div>\n<\/div>\n<\/div>\n
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our partners looked at his results and<\/div>\n<\/div>\n<\/div>\n
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again<\/div>\n<\/div>\n<\/div>\n
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these are trading stats that we’re<\/div>\n<\/div>\n<\/div>\n
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looking at<\/div>\n<\/div>\n<\/div>\n
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and he noticed a problem that needed to<\/div>\n<\/div>\n<\/div>\n
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be fixed<\/div>\n<\/div>\n<\/div>\n
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and he leaned forward and he said to<\/div>\n<\/div>\n<\/div>\n
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swang don’t let your swing trading<\/div>\n<\/div>\n<\/div>\n
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get in the way of your swang trading<\/div>\n<\/div>\n<\/div>\n
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swang was not trading his best setups<\/div>\n<\/div>\n<\/div>\n
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and was getting off track<\/div>\n<\/div>\n<\/div>\n
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and so all of our guys focusing on what<\/div>\n<\/div>\n<\/div>\n
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they do best on their a plus trades<\/div>\n<\/div>\n<\/div>\n
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was key joint accounts so this is<\/div>\n<\/div>\n<\/div>\n
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something that we do<\/div>\n<\/div>\n<\/div>\n
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that i don’t think a lot of people do in<\/div>\n<\/div>\n<\/div>\n
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the trading world<\/div>\n<\/div>\n<\/div>\n
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and it’s it’s an idea that has really<\/div>\n<\/div>\n<\/div>\n
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catapulted our performance<\/div>\n<\/div>\n<\/div>\n
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so what we do is we go to certain<\/div>\n<\/div>\n<\/div>\n
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traders<\/div>\n<\/div>\n<\/div>\n
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who have edge and we let them<\/div>\n<\/div>\n<\/div>\n
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team with other traders on the desk who<\/div>\n<\/div>\n<\/div>\n
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also have edge<\/div>\n<\/div>\n<\/div>\n
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maybe another trader or even two other<\/div>\n<\/div>\n<\/div>\n
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traders or even three other traders<\/div>\n<\/div>\n<\/div>\n
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and so we take one trader who has edge<\/div>\n<\/div>\n<\/div>\n
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and who<\/div>\n<\/div>\n<\/div>\n
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comes up with the trade idea and then<\/div>\n<\/div>\n<\/div>\n
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asks<\/div>\n<\/div>\n<\/div>\n
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another trader what he thinks about that<\/div>\n<\/div>\n<\/div>\n
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trade<\/div>\n<\/div>\n<\/div>\n
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and when the two of them independently<\/div>\n<\/div>\n<\/div>\n
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think something is a good trade<\/div>\n<\/div>\n<\/div>\n
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it’s way better of a trade than if one<\/div>\n<\/div>\n<\/div>\n
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singular trader<\/div>\n<\/div>\n<\/div>\n
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thinks something is a good trade the<\/div>\n<\/div>\n<\/div>\n
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return on investment<\/div>\n<\/div>\n<\/div>\n
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is significantly better when these two<\/div>\n<\/div>\n<\/div>\n
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people or these three people are<\/div>\n<\/div>\n<\/div>\n
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independently<\/div>\n<\/div>\n<\/div>\n
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coming up with the trade idea these<\/div>\n<\/div>\n<\/div>\n
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three people independently have trading<\/div>\n<\/div>\n<\/div>\n
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edge<\/div>\n<\/div>\n<\/div>\n
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make money trading and they’re all<\/div>\n<\/div>\n<\/div>\n
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agreeing on<\/div>\n<\/div>\n<\/div>\n
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entry and exit on how to actually<\/div>\n<\/div>\n<\/div>\n
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approach a particular trade<\/div>\n<\/div>\n<\/div>\n
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and when they do we let them create a<\/div>\n<\/div>\n<\/div>\n
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separate account a join account<\/div>\n<\/div>\n<\/div>\n
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where they can risk a bunch of money on<\/div>\n<\/div>\n<\/div>\n
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the separate trade<\/div>\n<\/div>\n<\/div>\n
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they can trade it also in their<\/div>\n<\/div>\n<\/div>\n
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individual trading account but they<\/div>\n<\/div>\n<\/div>\n
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create these<\/div>\n<\/div>\n<\/div>\n
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joint books these joint accounts the<\/div>\n<\/div>\n<\/div>\n
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performance of the joint books<\/div>\n<\/div>\n<\/div>\n
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was off the charts and many of those<\/div>\n<\/div>\n<\/div>\n
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traders made six figures<\/div>\n<\/div>\n<\/div>\n
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on the month outside of their normal<\/div>\n<\/div>\n<\/div>\n
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trading that’s a quote from our trading<\/div>\n<\/div>\n<\/div>\n
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coach<\/div>\n<\/div>\n<\/div>\n
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dr brett steenbarker when they all<\/div>\n<\/div>\n<\/div>\n
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agreed<\/div>\n<\/div>\n<\/div>\n
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the roi was amazing<\/div>\n<\/div>\n<\/div>\n
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swing the bat hard when you spot an<\/div>\n<\/div>\n<\/div>\n
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a-plus set up<\/div>\n<\/div>\n<\/div>\n
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placing too little risk in your a plus<\/div>\n<\/div>\n<\/div>\n
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trades<\/div>\n<\/div>\n<\/div>\n
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is too risky now it may seem<\/div>\n<\/div>\n<\/div>\n
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contradictory to suggest you reduce your<\/div>\n<\/div>\n<\/div>\n
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stress while trading but then trade<\/div>\n<\/div>\n<\/div>\n
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bigger for elite performance<\/div>\n<\/div>\n<\/div>\n
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but it’s not the answer is to improve<\/div>\n<\/div>\n<\/div>\n
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your timing a challenge when somebody<\/div>\n<\/div>\n<\/div>\n
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has a great day on our desk<\/div>\n<\/div>\n<\/div>\n
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is perpetually for me to ask them how<\/div>\n<\/div>\n<\/div>\n
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could you have made more<\/div>\n<\/div>\n<\/div>\n
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within your trading system<\/div>\n<\/div>\n<\/div>\n
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specifically where would you enter where<\/div>\n<\/div>\n<\/div>\n
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would you exit what would your stop be<\/div>\n<\/div>\n<\/div>\n
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specific specific specific<\/div>\n<\/div>\n<\/div>\n
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getting those entries and the timing<\/div>\n<\/div>\n<\/div>\n
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right helps you to swing the bat harder<\/div>\n<\/div>\n<\/div>\n
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helps you be aggressive in your best<\/div>\n<\/div>\n<\/div>\n
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trades the better your timing<\/div>\n<\/div>\n<\/div>\n
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the bigger you can trade key<\/div>\n<\/div>\n<\/div>\n
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number six for us smashing this<\/div>\n<\/div>\n<\/div>\n
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challenge<\/div>\n<\/div>\n<\/div>\n
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always trade with stops we had our best<\/div>\n<\/div>\n<\/div>\n
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year ever<\/div>\n<\/div>\n<\/div>\n
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we had best months but we did it always<\/div>\n<\/div>\n<\/div>\n
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within our guardrails within our risk<\/div>\n<\/div>\n<\/div>\n
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limits within our stops<\/div>\n<\/div>\n<\/div>\n
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please write this down on your notes<\/div>\n<\/div>\n<\/div>\n
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always trade<\/div>\n<\/div>\n<\/div>\n
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with stops i was asked recently<\/div>\n<\/div>\n<\/div>\n
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let me take a half a step back we have<\/div>\n<\/div>\n<\/div>\n
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stops per trade<\/div>\n<\/div>\n<\/div>\n
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daily stop limits weekly stop limits<\/div>\n<\/div>\n<\/div>\n
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monthly stop limits and an overall stop<\/div>\n<\/div>\n<\/div>\n
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limit<\/div>\n<\/div>\n<\/div>\n
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for all of our traders and we do this<\/div>\n<\/div>\n<\/div>\n
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before anyone actually makes a trade<\/div>\n<\/div>\n<\/div>\n
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i was asked recently about the game<\/div>\n<\/div>\n<\/div>\n
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stock madness that we saw in the states<\/div>\n<\/div>\n<\/div>\n
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one of these stocks that just exploded<\/div>\n<\/div>\n<\/div>\n
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to the upside was way overbought<\/div>\n<\/div>\n<\/div>\n
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and some firms had gotten beaten up<\/div>\n<\/div>\n<\/div>\n
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trying to short it<\/div>\n<\/div>\n<\/div>\n
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and it raised a vital issue for retail<\/div>\n<\/div>\n<\/div>\n
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independent and professional traders<\/div>\n<\/div>\n<\/div>\n
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like us<\/div>\n<\/div>\n<\/div>\n
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and i said always trade with stops<\/div>\n<\/div>\n<\/div>\n
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referencing melvin capital who<\/div>\n<\/div>\n<\/div>\n
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got hurt pretty badly if you don’t<\/div>\n<\/div>\n<\/div>\n
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respect your loss limits you can blow up<\/div>\n<\/div>\n<\/div>\n
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as a firm<\/div>\n<\/div>\n<\/div>\n
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no matter how previously successful the<\/div>\n<\/div>\n<\/div>\n
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arrogance<\/div>\n<\/div>\n<\/div>\n
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of not covering positions so out of the<\/div>\n<\/div>\n<\/div>\n
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money is hard for me to understand<\/div>\n<\/div>\n<\/div>\n
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as a professional active trader<\/div>\n<\/div>\n<\/div>\n
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real traders use stops<\/div>\n<\/div>\n<\/div>\n
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i want to leave you with a final thought<\/div>\n<\/div>\n<\/div>\n
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to be thinking about for your investing<\/div>\n<\/div>\n<\/div>\n
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and for your trading i know many of you<\/div>\n<\/div>\n<\/div>\n
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are not full-time traders but<\/div>\n<\/div>\n<\/div>\n
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maybe do this part-time or thinking<\/div>\n<\/div>\n<\/div>\n
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about doing this<\/div>\n<\/div>\n<\/div>\n
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or thinking about supplementing your<\/div>\n<\/div>\n<\/div>\n
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income and<\/div>\n<\/div>\n<\/div>\n
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trading’s hard for sure and<\/div>\n<\/div>\n<\/div>\n
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the fastest path to elite trader is<\/div>\n<\/div>\n<\/div>\n
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patient progress as we say often on our<\/div>\n<\/div>\n<\/div>\n
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desk<\/div>\n<\/div>\n<\/div>\n
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but the way the economy is right now<\/div>\n<\/div>\n<\/div>\n
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i i’ve been thinking about something<\/div>\n<\/div>\n<\/div>\n
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quite a bit<\/div>\n<\/div>\n<\/div>\n
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and i think it’s important to share this<\/div>\n<\/div>\n<\/div>\n
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with you there’s never been a better<\/div>\n<\/div>\n<\/div>\n
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time<\/div>\n<\/div>\n<\/div>\n
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to trade there’s never been a better<\/div>\n<\/div>\n<\/div>\n
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time to be an<\/div>\n<\/div>\n<\/div>\n
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independent or retail trader<\/div>\n<\/div>\n<\/div>\n
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there’s never been a time perhaps like<\/div>\n<\/div>\n<\/div>\n
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now<\/div>\n<\/div>\n<\/div>\n
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where you need to be trading well or you<\/div>\n<\/div>\n<\/div>\n
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might get left behind<\/div>\n<\/div>\n<\/div>\n
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is there too much market opportunity not<\/div>\n<\/div>\n<\/div>\n
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to participate and so<\/div>\n<\/div>\n<\/div>\n
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not saying trading is easy but it might<\/div>\n<\/div>\n<\/div>\n
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be the time<\/div>\n<\/div>\n<\/div>\n
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where more of us start thinking about<\/div>\n<\/div>\n<\/div>\n
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whether or not we need to be adding this<\/div>\n<\/div>\n<\/div>\n
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to our economic engine<\/div>\n<\/div>\n<\/div>\n
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and so there’s a fun thing we do on our<\/div>\n<\/div>\n<\/div>\n
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desk when a new trader<\/div>\n<\/div>\n<\/div>\n
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has one of his best trades ever and it<\/div>\n<\/div>\n<\/div>\n
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doesn’t have to be a lot of money<\/div>\n<\/div>\n<\/div>\n
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it can be he made his first thousand<\/div>\n<\/div>\n<\/div>\n
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dollars in a trade<\/div>\n<\/div>\n<\/div>\n
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and so we make the trader feel good we<\/div>\n<\/div>\n<\/div>\n
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point them out<\/div>\n<\/div>\n<\/div>\n
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we highlight their their success and<\/div>\n<\/div>\n<\/div>\n
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i’ll say to them<\/div>\n<\/div>\n<\/div>\n
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why not you and what i mean by that<\/div>\n<\/div>\n<\/div>\n
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why not you what i mean by that to the<\/div>\n<\/div>\n<\/div>\n
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trader is why can’t you become the next<\/div>\n<\/div>\n<\/div>\n
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great trader on the desk why can’t you<\/div>\n<\/div>\n<\/div>\n
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become a consistently profitable trader<\/div>\n<\/div>\n<\/div>\n
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and beyond<\/div>\n<\/div>\n<\/div>\n
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why not you and so<\/div>\n<\/div>\n<\/div>\n
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if you’re having a little bit of success<\/div>\n<\/div>\n<\/div>\n
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with your trading and you’re finding<\/div>\n<\/div>\n<\/div>\n
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you do well in certain trades i’ll share<\/div>\n<\/div>\n<\/div>\n
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with you what we<\/div>\n<\/div>\n<\/div>\n
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do on our desk why not you why not you<\/div>\n<\/div>\n<\/div>\n
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today<\/div>\n<\/div>\n<\/div>\n
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so i’m often asked hey how do you become<\/div>\n<\/div>\n<\/div>\n
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\n
a great trader<\/div>\n<\/div>\n<\/div>\n
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i put together this pretty fun equation<\/div>\n<\/div>\n<\/div>\n
\n
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that i’ll leave you with<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can think about so i think the<\/div>\n<\/div>\n<\/div>\n
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\n
equation<\/div>\n<\/div>\n<\/div>\n
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to becoming a seven figure trader an<\/div>\n<\/div>\n<\/div>\n
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elite trader or your best trader<\/div>\n<\/div>\n<\/div>\n
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is to have a growth mindset have a<\/div>\n<\/div>\n<\/div>\n
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passion for trading<\/div>\n<\/div>\n<\/div>\n
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to get a solid foundation where you<\/div>\n<\/div>\n<\/div>\n
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learn everything you need about<\/div>\n<\/div>\n<\/div>\n
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you learn everything you need to know<\/div>\n<\/div>\n<\/div>\n
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about trading<\/div>\n<\/div>\n<\/div>\n
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and then you also experiment with<\/div>\n<\/div>\n<\/div>\n
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different setups<\/div>\n<\/div>\n<\/div>\n
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with edge you try different types of<\/div>\n<\/div>\n<\/div>\n
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trading you don’t just try one<\/div>\n<\/div>\n<\/div>\n
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and then from those different types of<\/div>\n<\/div>\n<\/div>\n
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trading that you have exposure to<\/div>\n<\/div>\n<\/div>\n
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you build a niche you focus on a niche<\/div>\n<\/div>\n<\/div>\n
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what you do best<\/div>\n<\/div>\n<\/div>\n
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\n
and then you find trading edge for<\/div>\n<\/div>\n<\/div>\n
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yourself<\/div>\n<\/div>\n<\/div>\n
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and then you need some talent to do this<\/div>\n<\/div>\n<\/div>\n
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job well<\/div>\n<\/div>\n<\/div>\n
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\n
you need to use technology we call it<\/div>\n<\/div>\n<\/div>\n
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\n
being bionic<\/div>\n<\/div>\n<\/div>\n
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\n
to help you find your best setups and<\/div>\n<\/div>\n<\/div>\n
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\n
and<\/div>\n<\/div>\n<\/div>\n
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do more of what you do well and you need<\/div>\n<\/div>\n<\/div>\n
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patience<\/div>\n<\/div>\n<\/div>\n
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\n
and need perseverance that’s a fun<\/div>\n<\/div>\n<\/div>\n
\n
\n
equation<\/div>\n<\/div>\n<\/div>\n
\n
\n
to becoming a seven figure trader for<\/div>\n<\/div>\n<\/div>\n
\n
\n
you guys to think about hey go ahead and<\/div>\n<\/div>\n<\/div>\n
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click our subscribe button so you don’t<\/div>\n<\/div>\n<\/div>\n
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miss any of the videos they were<\/div>\n<\/div>\n<\/div>\n
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producing for you and the trading<\/div>\n<\/div>\n<\/div>\n
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community and please<\/div>\n<\/div>\n<\/div>\n
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take the time to add your feedback in<\/div>\n<\/div>\n<\/div>\n
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\n
the comment section for what videos<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’d like for us to produce next<\/div>\n<\/div>\n<\/div>\n
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and what you found helpful from this<\/div>\n<\/div>\n<\/div>\n
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\n
video from all of us at smb<\/div>\n<\/div>\n<\/div>\n
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train and trade well<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\"\"<\/a><\/p>\n

* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

In this video, Mike Bellafiore shares how and why traders at SMB Capital, have become elite traders. When Covid hit, SMB transitioned all of its in-house traders to remote trading, yet still had its most successful year ever. Find out how SMB traders succeeded despite the setbacks of covid. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":50634,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50633","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nHow Elite Traders Are Crushing Markets (so you can too) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/how-elite-traders-are-crushing-markets-so-you-can-too\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Elite Traders Are Crushing Markets (so you can too) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video, Mike Bellafiore shares how and why traders at SMB Capital, have become elite traders. When Covid hit, SMB transitioned all of its in-house traders to remote trading, yet still had its most successful year ever. 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