This trader shares his experience training with SMB in-house.
A note from the prop desk
This African Proverb above presently sits on our whiteboard, just outside the trading bullpen, on our trading desk. It encapsulates the advantage of trading at a proprietary trading firm, and helps us raise questions about what we want to be as a trader. Let me offer five examples from the desk this week to illustrate this point. 1. Trader A, … Read More
Join SMB’s Options Desk
In our SMBU Daily Video Seth discusses the importance of finding a group of traders to trade with. Many options traders are isolated from other options traders because of their geography This isolation causes traders not to get exposed to new ideas to enhance his or her skills as options traders Joining an options trading community provides a solution to … Read More
An anecdote from the prop desk: The unprepared trader
Often new traders think they are prepared to trade when they aren’t. They think they have done the sufficient preparation to trade and the market truth is that they haven’t. Traders who we have trained from scratch to consistently profitable have always met the market definition of prepared. Those who have underperformed have met their definition of prepared but not … Read More
Running a Trading Desk- Why it’s so Hard
I received this note from a partner at a trading firm in Eastern Europe. I thought it would be interesting to share our exchange with the trading community as many might find it educational. Dear Mr. Bellafiore, Following my email from 25 Jan of 2014 (then i sent you a review of The Playbook) i am continuing my trading development … Read More
Ideas from the Prop Desk to Improve Your Trading – The Partner Rips (Video)
Last week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is part 4 of the video series reconstructing my presentation. In this video Mike discusses: 1) Larges losses an SMB partner was taking in afterhours trading 2) The importance of understanding your edge 3) … Read More
Unlocking Trading Ideas from the Prop Desk: A Trader’s Treasure Hunt for Edge (Video)
Last week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is part 3 of the video series reconstructing my presentation. In this video below Mike discusses: 1) The importance of reviewing your past trades to find your trading edge 2) The value of learning … Read More
Ideas from the Prop Desk to Improve Your Trading – The Non-Scalable Trader
Last week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is part 2 of the video series reconstructing my presentation. You can sign up for our free daily trading video here! Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading … Read More
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