In our SMBU Daily Video, learn more about SMBU’s training program. In this interview with David Rabello and Mike Bellafiore, you will learn: What makes SMBU’s elite training unique The different products and opportunities trainees have access to How new trainees can unlock their full potential We hope this video helps you improve your trading skills. SMBU Team * no relevant positions
In-depth Discussion: Mike Bellafiore and Ralph Acampora on Benzinga #PreMarket Prep
Mike Bellafiore was a guest on Benzinga #PreMarket Prep. Below you can listen to his interview and one with the godfather of technical analysis Ralph Acampora. Here is what you will learn from Mike during this interview: 1) The market is not fair. Get over it! 2) One of his favorite trades: Changing Fundamentals Trade 3) How prop traders are … Read More
Boost Your Trading Day: Top Financial Websites
What financial websites do you use to prepare for trading? @MikeBellafiore I asked our newest training classes in Austin and NYC to share what websites they use and why to prepare for each trading session. Then I aggregated their answers, unedited, into this post. This gives you an excellent guide of websites to help you prepare for each trading session. … Read More
Ask anything: how can I become more consistent as a trader?
I have been actively trading for 5 years. I have followed the market for 25 years.. I have tried trading covered calls, medium and high beta stocks (ex — AApl, SBUX ,CELG, TSLA. I have tried intraday trading options -no luck. It seems like every I “perceive” an opportunity I jump — just that I seem to be extremely inconsistent. … Read More
This 5k loss was my best trade of the month (video)
Hey Mike,Just curious if you have an example of a losing trade you had recently, and if you still considered it a good trade?Thanks.Jonathan A. mikebellafiore This is a great question! When I watch the Financial Media Entertainment Complex talking trading/investing I smh. Who are those people on TV so certain their call in $AAPL is correct? What market is … Read More
Trading Lesson: Finding The Best Trading Opportunities
Every morning I create a written game plan with 8-10 stocks that I believe will offer the best risk/reward trading setups. The game plan is divided into two categories: Fresh News/In Play Stocks and Second Day/Technical Plays. As I was creating today’s game plan I began to feel a small level of anxiety as I wondered how to hone in on … 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
The education of a trader: The PlayBook
mikebellafiore In my second book, The PlayBook, I advocate archiving a favorite setup from each trading session. After each close, choose a best setup from the session that fits your trading style. Reverse engineer the variables of that trade. Archive this trade in a comprehensive format, perhaps like the SMB PlayBook. As traders we should build from our strengths, … Read More