Podcast appearances and mentions of mike bellafiore

In this episode of The Wall Street Coach Podcast, Kim Ann Curtin sits down with Mike Bellafiore, co-founder of SMB Capital, one of the leading proprietary trading firms in the world and author of the trading classic books, One Good Trade and The Playbook. The post EP 99: One Good Trade with Mike Bellafiore appeared first on .

Mike Bellafiore is a trader, co-founder of SMB Capital, and author of the classic trading books One Good Trader and The Playbook. In this episode, Mike shares the 10 steps to creating a great trader from start to finish.

EPISODE SPONSOR: JIGSAW TRADING → SPECIAL OFFER✅ Learn More About Jigsaw Tradinghttps://go.tradacc.com/Jigsaw-TradingJoin us in this incredible conversation with SMB Capital desk trader & Head of Recruiting/Trader Development: Jeff Holden. If you're active in the trading space, then you've most likely heard of SMB Capital (unless you're living under a rock!). They're one of the top proprietary trading firms in existence and I have deep respect for what they do there. By providing traders with the proper tools, training, and capital to succeed, they've developed numerous 7 & 8-figure per year earners since being founded in 2005 by Mike Bellafiore and Steve Spencer. So it was an absolute pleasure being able to talk to Jeff about his path from retail trader to desk trader, daily life at a top proprietary trading firm, SMB Capital's playbook setups with real-world edge, and much more in this week's amazing episode of the Speculators Podcast.➡️ Where You Can Find Jeff HoldenYouTube: @smbcapital SMB Capital Scalp Radar: https://scalpingclass.comSMB Capital Inside Access: https://smbtradingfloor.com✅ Get Funded & Create Your Freedom Lifestyle Trading Business https://go.tradacc.com/callHERE'S WHAT WE COVER:0:00 Introduction to Jeff Holden3:49 Jeff's Backstory: From Retail Trader to SMB Capital8:55 Morning Routine: From Pre-Market to Close12:22 The Importance of Evening Routines16:13 Weekend Strategy: Maximizing Rest and Productivity16:58 Balancing Trading and Leadership at SMB Capital24:22 The Role of Playbook Trades in Trading Strategy31:33 Avoiding the Pitfalls of Invented Trades36:34 The Effects of Data Leaks on Playbook Trades and Market Edge40:43 Balancing Established and New Trade Ideas43:11 Finding Your Trading Edge: The Path for Retail Traders46:13 Are Funded Trading Companies Beneficial for Retail Traders?48:00 The Importance of Risk Management in Trading50:00 Valuable Advice for Aspiring TradersWHO IS KORBS → HOST OF SPECULATORS PODCAST:My name is Aaron Korbs and I'm a professional intraday Futures Trader specializing in Auction Market Theory, Volume Profile & Order Flow. I'm also the founder of Tradacc.com. Tradacc is a trading education, training, and mentorship platform where I help traders leverage institutional capital using my volume profile methodology through courses like Volume Profile Formula™, Funding Accelerator™ & Profile Method™. I typically work with people that want to create a reliable online side hustle or that would like to turn trading into their main profession.https://go.tradacc.com/m/korbs--------------------------------------------Happy Trading & Watch Your Risk- KorbsRisk Disclaimerhttps://go.tradacc.com/Risk#SMBCapital #ProprietaryTrading #SpeculatorsPodcast

What if I told you that day trading can be a real job, you get paid to learn how to trade, you get to be trained by senior traders on Wall Street, and your boss gives you capital to trade? Well, I'm not joking. I'm going to visit a very well-known proprietary trading firm in New York City, SMB Capital. In this Humbled Traders podcast, we are learning from Mike Bellafiore, the co-founder of SMB Capital, and Jeff Holden, the head of trader development at the firm. - SMB Capital - What is proprietary trading? - Mike Bellafiore - Founding SMB Capital - Jeff Holden - Becoming the head of trader development - Prop firm training & development process - Retail Trading vs. Prop Firm Trading - Advantages of Prop Trading - How much funds do prop traders get to trade with? - Prop firm traders' salaries and internal competition - Relationships between Trading Mentor and Trading Teams - How senior traders help junior traders at SMB Capital - Internships - How to join SMB Capital -------------- Day Trading with Humbled Trader: https://bit.ly/yt20231221 Sign up for Free stock watchlist: https://www.humbledtrader.com/free ✅My REAL Social Accounts: IG: https://www.instagram.com/humbledtrader/ TikTok: https://www.tiktok.com/@humbledtrader Twitter: https://twitter.com/HumbledTrader18 FB: https://www.facebook.com/HumbledTrader

"One Good Trade: Inside the Highly Competitive World of Proprietary Trading" by Mike Bellafiore is an invaluable guide that has empowered countless readers to navigate the intricate world of trading. Brimming with practical insights and real-world examples, the book uncovers the fundamental principles of successful trading, from technical analysis to risk management. Bellafiore imparts readers with the skills to make informed decisions, manage emotional turbulence, and positively influence their financial futures. Through understanding the mindset of a successful trader, readers learn to approach their trades with discipline, adaptability, and strategic foresight.

"The PlayBook: An Inside Look at How to Think Like a Professional Trader" by Mike Bellafiore is an indispensable guide for anyone seeking to excel in the dynamic world of trading. Filled with practical strategies, gripping narratives, and insightful case studies, the book unveils the inner workings of professional trading and the mindset needed to thrive in it. Bellafiore guides readers on how to craft a personalized trading playbook, navigate volatile markets like a shark, and understand the implications of technology and preparation in trading. With engaging chapters like "The Day Knight Capital Almost Fell" and "Iceman: No Guts, No Glory", the book challenges and inspires traders to embrace calculated risks and resilience. Whether you're a seasoned trader or just starting, Bellafiore's teachings offer a roadmap to trading success and influence in the financial markets.

Welcome to The Day Trading Show. Grab your indulgence of choice and enjoy a conversation focused on markets, day trading, and wealth building. The Day Trading Show hosts, Austin Silver and James Bruce, and both full-time traders with over 10 years of combined experience between them. The knowledge that Austin and James have gained from live market experience and coaching hundreds of traders from around the world is shared with you as listeners of The Day Trading Show. Today, Austin and James speak with Mark Leslie. Mark is a successful prop trader at Storm Trading in South Africa. Mark has over 10 years across a broad range of markets. Storm Trading was made famous in Mike Bellafiore's book, The Playbook.

Mike Bellafiore is the Co-Founder of SMB Capital (https://www.youtube.com/user/smbcapital). He's a trader, mentor, and business owner in the space we all love to play in. Bella shares what it takes to be a successful trader, how they evaluate new traders to help them grow into the next 8 figure trader in their firm, and many other helpful topics that will benefit all traders at every level. SMB Capital is a proprietary trading firm in which traders—for equities, options, and futures—are given the opportunity to be discretionary, automated, or hybrid traders (both discretionary and automated). Comprehensive training programs are available to help traders grow their trading business. Cobra Trading - Get 25% off commissions from the best broker in day trading https://get.cobratrading.com/bthestory/   Book a 1 on 1 Call with me - https://calendly.com/bthetrader/1-on-1-talk   Newsletter - http://bit.ly/BTheTraderNewsletter   Follow Mike on Twitter: https://twitter.com/MikeBellafiore

For many new and aspiring traders, the chance to work in a proprietary trading firm, is the holy grail of trading. It is trading's equivalent of making it to Broadway or being recruited by a major sports team or franchise. In this episode we talk to the co-founder and head of one of the world's leading Proprietary Trading Firms, Mike Bellafiore.  Mike is co-founder of SMB Capital based in New York City. In this episode Mike talks about the realities of working in a Proprietary Trading firm, and how the focus on learning, development and mentoring is such a vital ingredient which drives both the growth of the traders and the success of the firm.  Mike shares with us how SMB puts a heavy emphasis on learning and continual improvement, and in supporting their traders to become the elite. What you will hear in this interview is how SMB's focus on, and a culture of, continual improvement and striving for excellence, is the fuel behind their success and is what helps so many traders at SMB capital to not just achieve their dreams, but to exceed them. There is an additional aspect of this interview, which has relevance beyond trading, and which applies to businesses of all types, not just trading businesses. SMB Capital has made itself a ‘Learning organisation'. Its whole core being is built around learning, not just for the people, but for itself. It makes a deliberate effort to learn what it does well, what it didn't do so well, and what it can do better. An example of this can be heard in a part of this interview where Mike talks about how originally they had a plan to award traders who made a ‘million dollars' a year with one coloured t-shirt, then set another level where they would reward traders who made two million dollars in a year with a different coloured t-shirt. Initially they thought that would be an amazing achievement and never really banked on a need for more levels beyond that. But they have now had to have a new t-shirt for traders who exceed ten million dollars in a year. – As they say, nice problems to have. I feel much of this philosophy stems from Mike himself. You can see aspects of this in his two excellent trading books, which I highly recommend, One Good Trade: Inside the Highly Competitive World of Proprietary Trading and the The Playbook: An Inside Look at How to Think Like a Professional Trader. You can also see it in Mikes social media posts, always offering great advice, and praising employees for great achievements. You can follow Mike on Twitter @MikeBellafiore, he is a great follow. 

In dieser Folge geht es um eine kleine Auswahl an Finanzbüchern, welche mir persönlich sehr viel in verschiedenster Art und Weise weitergeholfen und offenbart haben. Hier werden uns Türen zu Gedankenwelten der anderen Art geöffnet, was es fast schon sehr einfach macht, sich für diese jeweiligen Themen zu interessieren. Jedes einzelne dieser Bücher hat seine besonderen Eigenheiten und Charakteristiken, welche hier kurz angesprochen werden. Diese Bücher sind für Menschen mit Interesse zur Thematik, wie aber auch für Jeden der nichts mit diesen Themen am Hut hat, besten geeignet. Alle 5 Bücher sind sehr interessant geschrieben und zeigen uns Seiten der Wirtschaft, wie man sie noch nicht betrachtet hat. Diese Bücher haben mir viel Zeit erspart, doch vorallem wichtige und neue Gedankenwege beibringen können. Vielleicht findest du hier ja sogar dein eigenes persönliches "Game Changer" Buch.Timestamps:- 01:30 Souverän investieren mit Indexfonds und ETFs von Gerd Kommer- 07:00 Rich Dad Poor Dad von Robert T. Kiyosaki- 11:45 One good Trade von Mike Bellafiore- 14:15 Die Kunst über Geld nachzudenken von André Kostolany- 16:22 Wenn schwarze Schwäne Junge kriegen von Dr. Markus Krallℹ️ Wichtige Links und Möglichkeiten zur Kommunikation:The Economic Side auf Instagram: https://www.instagram.com/theeconomicsideThe Economic Side auf Facebook: https://www.facebook.com/theeconomicsidePodcast Website: https://theeconomicsidepodcast.buzzsprout.com

Following on from last weeks episode, I catch up with world class trading psychologist Dr. Brett Steenberger and legendary prop firm owner Mike Bellafiore to talk all things trading. Enjoy! JG

We had the honor to talk to Dr. Brett Steenbarger (Psychologist, Trader, Author, Trading Coach) and Mike Bellafiore (Co-Founder of the proprietary trading firm SMB Capital and author). We had a wide-ranging conversation and talked about what sets successful traders apart, how to use your emotions, what it means to trade without ego and many more gems. If you want us to do a round 2, let us know in the comments and let us know what we should ask Dr. Steenbarger and Mike Bellafiore next time.   Mike Bellafiore YouTube: https://www.youtube.com/user/smbcapital All Books: https://www.amazon.com/Mike-Bellafiore/e/B003AR5VFE?ref=sr_ntt_srch_lnk_3&qid=1599112187&sr=8-3 Website: https://smbcap.com/   Dr. Breet Steenbarger Blog: http://traderfeed.blogspot.com/ All books: https://www.amazon.com/Brett-N-Steenbarger/e/B001IGSOBM?ref=sr_ntt_srch_lnk_1&qid=1599112108&sr=8-1 Radical Renewal: https://leadingrenewal.blogspot.com/

Topics: Developing Your Niche Statistical Edge Mental Edge Importance of De-Stressing ?Download my Trading Instincts e-book!  Guest: Mike BellafioreCo-Founder and Partner at SMB Capital Mike’s Resources Twitter Website If you enjoyed this interview be sure to listen to these other episodes: Trading Psychology – Denise Shull Confident Carefree Fearless Focused – Matt PAX Kenah Futures […]

Topics: Developing Your Niche Statistical Edge Mental Edge Importance of De-Stressing ?Download my Trading Instincts e-book!  Guest: Mike BellafioreCo-Founder and Partner at SMB Capital Mike’s Resources Twitter Website If you enjoyed this interview be sure to listen to these other episodes: Trading Psychology – Denise Shull Confident Carefree Fearless Focused – Matt PAX Kenah Futures […]

Topics: Developing Your Niche Statistical Edge Mental Edge Importance of De-Stressing

I first saw Scott Elliott on SMB Capitals Youtube. Mike Bellafiore brought him on to discuss his recent blow-up of 100k on one trade. All of his hard work for months was wiped away in one trade. He was very open with Mike and shared his story with him which I felt took a strong person to do so. I knew I wanted to bring him on B The Trader right away to dive deeper into his story and learn even more lessons from his trade. I feel we can all learn from this episode and I can't wait for you to watch it.

In this talk facilitated by Andrew Aziz, Dr. Brett N. Steenbarger (trading psychologist) and Mike Bellafiore (co-founder of SMB Capital) will discuss the benefits found in being part of a community of traders, including how membership in a trading community can be the best vehicle to help one learn and develop their skills. Mike Bellafiore will also share about mentoring and the methods that SMB's new traders are using in order to learn from more experienced traders. This podcast is an excellent resource in understanding how a proprietary trading firm looks for traders, as well as how they manage their risk and psychology with their in-house psychologist, Dr. Brett Steenbarger. Members of the Bear Bull Traders community were also able to ask Mike Bellafiore an Dr. Brett Steenbarger questions. You can learn more about Bear Bull Traders from here: https://www.bearbulltraders.com

Today's guests are Mike Bellafiore and Brett Steenbarger. Mike is the Co-founder of SMB Capital, a proprietary trading firm in New York City, and SMB Training, its trader education division. He is also the author of the “trading classic” One Good Trade and The PlayBook. As an international lecturer, Mike has built trader trading programs globally for hedge funds, prop trading desks, and retail traders and personally coaches select elite traders outside his firm. Besides having his company’s trader training program highlighted in the TV documentary Wall Street Warriors, Mike has also appeared regularly on CNBC’s Fast Money, CNNMoney, Bloomberg, and Fox Business. Dr Brett Steenbarger, Ph.D is a Teaching Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, New York, while working as a performance coach for a variety of portfolio management and trading firms. Over the years, Brett has written many classic trading books including The Psychology of Trading (Wiley, 2003), Enhancing Trader Performance (Wiley, 2006), The Daily Trading Coach (Wiley, 2009), Trading Psychology 2.0 (Wiley, 2015), and Radical Renewal (2019).

Prop Firm Trading & Performing Like A Pro In episode 212 of the Desire To Trade Podcast, I sit down for a 2nd time with Mike Bellafiore, the co-founder of SMB Capital, a well-known proprietary trading firm based in New York, USA. Mike is also the author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading and The PlayBook: An Inside Look at How to Think Like a Professional Trader. SMB Capital’s trader-training program was highlighted in the TV documentary Wall Street Warriors. His firm has appeared regularly on CNBC’s Fast Money, CNNMoney, Bloomberg, and Fox Business. I first heard of Mike Bellafiore and SMB Capital through Mike's first book called One Good Trade. It describes how things are done in a proprietary trading firm and provides real stories of traders who had or hadn't what it took to thrive in this world of trading. I highly recommend the book! Mike has a lot of experience working with traders and came to understand what made them successful. He also knows what the learning process looks like for a trader.   As some of you may know Mike and SMB Capital help sponsor Traders4ACause which is a charitable organization focused on value. They make a yearly conference in Las Vegas in which all proceeds are donated to a set of charities. If you want to assist to the next event, get great trading related value and networking and help a good cause you can check out the event, register and donate at: https://traders4acause.org/   >> Watch the video interview! In This Episode, You'll Learn... Who is Mike Bellafiore and what has he and SMB done since the last interview 00:33 How the whole ambient and culture of SMB encourages traders to continues improvement (concrete steps they take to improve every day) 06:05 How SMB use technology to improve their discretionary trading 07:41 How Mike and SMB are implementing algorithms and technology into a trading desk 10:44 How to implement a hybrid approach to automated trading 16:24 What does it take for someone to be hired by a prop firm like SMB 20:05 What type of traders do Mike and SMB like to see in prospective traders 28:02 Incredible level of investment into new talent at SMB: "We give everything we got to those people" 33:05 Great traders may not always be "traditionally" talented 33:42 The importance of measuring trading performance and process 36:14 The biggest mistake Mike sees traders make 40:57 Should a trader copy other trader's style or make their own? 43:42 Where you can find Mike Bellafiore 45:58 Which is Mike's vision for the future 46:45 And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned The PlayBook: An Inside Look at How to Think Like a Professional Trader One Good Trade: Inside the Highly Competitive World of Proprietary Trading Traders4ACause Anual Charity Conference  Past Interview: Trade With Market Edge & Stick To One Good Trade DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended broker: AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How To Find Mike Bellafiore? E-mail Twitter SMB Capital Website  SMB Capital Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

**The first ever BENZINGA TRADING SUMMIT is June 20 at the Sheraton Times Square. Don't miss the chance to learn strategies firsthand from traders across Wall Street, including PreMarket Prep's Joel Elconin and Dennis Dick. To get your ticket today go to BZPROFIT.COM and enter the promo code PMP15 to get 15% off** PreMarket Prep is a live trading talk show that airs weekdays from 8-9 am ET on YouTube as well as http://premarket.benzinga.com/pre-market-show/ Check out our chat rooms to get your questions answered on the show! We pride ourselves on being the best source of premarket trading strategy, and we feature some of Wall Street’s best traders as guests. On today’s show, we discuss…. - Highlights from the TSLA annual shareholder meeting - Several headlines on QCOM - Earnings from PLAY Featured Guests: Sean Udall, Quantum Trading Strategies (35:35) Mike Bellafiore, SMB Capital (57:50) Meet the Hosts: Dennis Dick Bio: http://www.premarketprep.com/author/premarketinfo/ Twitter: https://twitter.com/TripleDTrader Joel Elconin Bio: http://www.premarketprep.com/author/joelelconin/ Twitter: https://twitter.com/Spus Tune into the show live or via podcast! iTunes: https://itunes.apple.com/us/podcast/benzinga-tv Soundcloud: https://soundcloud.com/bztv Stitcher: https://www.stitcher.com/podcast/benzinga-morning-show TuneIn: https://tunein.com/podcasts/Business--Economics/Benzinga-TV-p1006070/ Google Play: https://play.google.com/music/listen?u=0#/ps/Id2myc5nfdgd4pry47sjss2n2my Like the show? Keep up with all Benzinga news! Visit https://www.benzinga.com/ to subscribe to our newsletter Visit https://twitter.com/Benzinga to follow us on Twitter Visit https://www.facebook.com/Benzinga/ to like us on Facebook Be sure to check out https://pro.benzinga.com/. Benzinga’s real-time news platform with all the information you need to invest better today.

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world. "The traders who are uncoachable are the ones who refuse to seek a coach out to begin with." - Dr. Brett Steenbarger (https://traderfeed.blogspot.com/) This one is for our guys. Our junior and senior traders. Our team leaders and trainers. The ones who walk into the office every morning with the determination to make money but with an even greater desire to continue learning, adapting and growing with this market. Mike said it best - you need to love what you do but more importantly, you have to want to get better and better at it every single day. It's a performance sport. You are, in so many ways, an athlete. You have to work hard, show up and strive to be the best. "Even successful traders need to keep learning and we need to give them that space to grow. Whether you're making one million dollars or three million dollars a year, it shouldn't stop there." - Mike Bellafiore, co-founder of SMB Capital (http://smbcap.com/) In this episode of Short Stops, our Director of Marketing & Operations, Eleanore Lee-Teo, flies out to New York City after being granted an exclusive interview with clinical psychologist & performance coach, Dr. Brett Steenbarger, as well as the Mike Bellafiore, co-founder of SMB Capital, one of the leading proprietary trading desks in the city. With a focus on developing elite traders in the industry, these are only a few of the insights shared by these trading greats: - The value of having a Purpose - Why training is important - how to increase your odds of success and what can you can do to maximize that - "You have to trade like I do." - One of the worst messages that a coach can relay to their team - "The best traders focus on the process and not just their P&L. The best traders are never satisfied. They want to get better and better everyday." - Develop a Playbook - Find your Best Setups - Statistics Don't Lie - Why reviewing and recording the trades that you make is essential - Adaptability and Consistency. Adaptability and Consistency. We cannot stress this enough. - The Stages of Trader Development (Learning, Consistency, Sizing, Expanding your Playbook and Sophistication) There is so much more wisdom to be gained. If you would like to learn more, their books will be highly recommended tools to place in your arsenal. Dr. Brett Steenbarger is the author of The Daily Trading Coach, The Psychology of Trading, Enhancing Trader Performance and Trading Psychology 2.0. Mike Bellafiore is the author of One Good Trade and The Playbook. They have also been featured on multiple podcasts and media spots such Bloomberg, CNN Money and BBC. Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute. www.cayluminstitute.com -- Record Date: NOVEMBER 1, 2018 Introduction Music: (credits to)Vodovoz Music Productions on YouTube

There are few people in this world who spend as much time with active traders as Mike Bellafiore, who has been a Managing Partner at SMB Capital since 2005. I think his unique perspective on trading and traders themselves is the perfect compliment to a lot of the other guests that we've had on the podcast. In this episode, Mike talks about some of the qualities that he's seen in the more successful traders as well as common mistakes he sees being made on the desk. Throughout the conversation, Mike gives us an inside look into the trading floor, how they separate traders into teams and the way the more experienced, proven traders help the younger up and comers. I really enjoyed this one! Click here to see all of the Charts mentioned in this episode

There are few people in this world who spend as much time with active traders as Mike Bellafiore, who has been a Managing Partner at SMB Capital since 2005. I think his unique perspective on trading and traders themselves is the perfect compliment to a lot of the other guests that we've had on the podcast. In this episode, Mike talks about some of the qualities that he's seen in the more successful traders as well as common mistakes he sees being made on the desk. Throughout the conversation, Mike gives us an inside look into the trading floor, how they separate traders into teams and the way the more experienced, proven traders help the younger up and comers. I really enjoyed this one!

Returning for this episode, is Mike Bellafiore—the co-founder of New York City prop trading firm, SMB Capital. Mike is also the author of One Good Trade and The Playbook, and he was the featured guest on episode 022. As the title suggests, the purpose of our conversation is to breakdown how you can formulate a plan for becoming a 7-figure day trader. Mike is well-qualified to speak on this subject, because he’s mentored and lead traders within his own firm to reach this level of trading success. There are no quick fixes packed into this episode, but there is real value—if you listen carefully, take notes and intentionally act on some of Mike’s suggestions, I know it will make a difference over time. -- Don’t miss the upcoming LIVE podcast event in Sydney, with special guest John “RAMBO” Moulton. And did I mention there’s beers ‘n pizza too?! → Get tickets

Trade With Edge w/ Mike Bellafiore Episode 34 of the Desire To Trade Podcast features Mike Bellafiore, the co-founder of SMB Capital, a well-known proprietary trading firm based in New York, USA. Mike is also the author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading and The PlayBook: An Inside Look at How to Think Like a Professional Trader. SMB Capital’s trader-training program was highlighted in the TV documentary Wall Street Warriors. His firm has appeared regularly on CNBC’s Fast Money, CNNMoney, Bloomberg, and Fox Business. I first heard of Mike Bellafiore and SMB Capital through Mike's first book called One Good Trade. It describes how things are done in a proprietary trading firm and provides real stories of traders who had or hadn't what it took to thrive in this world of trading. I highly recommend the book! Mike has a lot of experience working with traders and came to understand what made them successful. He also knows what the learning process looks like for a trader. During this interview, we discussed the traits traders must develop in order to succeed. At one point, I asked Mike what advice he had for struggling traders. He pointed out something very insightful. In his opinion, traders can't start and be successful right away. Struggling is simply part of the progress. There is a process traders must follow if they want to see results. It takes time but Mike Bellafiore, without any doubts, know what it's like. What’s covered in the podcast? How Mike Bellafiore started to trade How the learning phase is broken down A great piece of advice for struggling traders The culture at SMB Capital Andrew's #1 lesson for any trader What keeps Mike motivated each day And so much more...

In episode 43, I spoke with Jon Frohlich about proprietary trading at Maverick Trading. In Episode 29, I spoke with Mike Bellafiore about another proprietary trading firm, SMB Capital. So we’ve been covering this area a few different times. And I think it’s an important area for newer and aspiring traders.

In episode 43, I spoke with Jon Frohlich about proprietary trading at Maverick Trading. In Episode 29, I spoke with Mike Bellafiore about another proprietary trading firm, SMB Capital. So we’ve been covering this area a few different times. And I think it’s an important area for newer and aspiring traders.

Mike Bellafiore is a New York City trader. Mike co-founded SMB Capital with a some trading buddies. SMB is a proprietary trading firm focused on helping newer traders become successful traders trading their system. In fact, some of his traders now make $600,000/year after trading three short years. If you're interested in learning more about proprietary trading or prop trading, this episode for you.

This week I have great pleasure in saying, my guest on the show is Mike Bellafiore. Mike is the co-founder of SMB Capital, a proprietary trading firm in New York City, as well as SMB University which is the arm for trader education. He’s also the author of two very popular trading books ‘One Good Trade’ and ‘The Playbook’. Additionally, Mike is a regular contributor to Yahoo Finance, and often appears on CNBC’s Fast Money, CNN Money, Bloomberg, and Fox Business. But even with all of this going on Mike is still a very active, very successful trader. During our interview, Mike delivers some great insight about traders often confusing psychology for a lack of edge, and an overview for one of his favorite setups which has been labeled ‘The Money Trade’. Plus, he shares the development program new traders go through when joining SMB Capital, and a few top-level pointers on how to achieve a sustainable trading style. And I just want to point out this interview was recorded on the 20th of May, only reason I say this is because Mike mentions a few market events during this interview.

Jason Stapleton is one of the founders of Trade Empowered and a managing partner of Harborsite Capital.  Jason hosts the podcast The Live Show. Jason’s heavy focus  on trader psychology, along with his in-depth knowledge of advanced technical analysis, gives him the unique opportunity to work with traders of all skills and levels, helping them to achieve a higher level of success and understanding in the foreign exchange market.   Economics and Finance Themes: In parts 1 and 2 of the Economic Rockstar interview with Jason Stapleton, Jason mentions and discusses: technical analysis, trading strategies, stock market psychology, behavioral economics, herding behavior, Gartley patterns, harmonic price patterns, Fibonacci numbers, fundamental analysis, probability, the Turtle Trader story, rational and irrational behavior.   Jason's Influencers: His business partner Todd Browne, options trader John Carter, systems trader Larry Hite and trader Mike Bellafiore.   Find out: In this first part of the Economic Rockstar interview with Jason Stapleton, Jason shares with us some thoughts on technical analysis: how Jason lost all his money when he first started out trading in penny stocks. the number one reason why people become traders. how to create a competitive edge in the financial markets. about systems trading and the Gartley pattern. how working on probabilities is better than certainties in trading. and much more.   To check out the show notes page visit:  http://www.economicrockstar.com/jasonstapleton1

My guest today is Mike Bellafiore, the co-founder of SMB Capital, a proprietary trading firm in New York City, and SMBU, its trader education company. Bellafiore also writes regularly for the globally popular SMBU blog, where he shares ideas on how to improve trading performance. The topic is his book The Playbook: An Inside Look at How to Think Like a Professional Trader. In this episode of Trend Following Radio we discuss: Real rewards to being a successful trader Passion in trading Why professional traders fail Parallels between trading and writing Bellafiore's history and definitions of "prop trading" Trading short timeframes and intraday trading The "prop desk" Ups and downs in Bellafiore's career The early history of SMB Capital Bellafiore's early struggles with his father's health concerns, his mother's death, an SEC investigation, and how "The PlayBook" came out of it The ten attributes of a great trader Trading psychology and mindset Personality types and short-term trading Microscalping and swing trading Expertise, flow, and mastery Process vs. outcome Entrepreneurship The importance of coaching The four ways to become great at anything Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel speaks with Mike Bellafiore, author of "The PlayBook". Bellafiore trades an entirely different style than trend following, operating on a much shorter timeframe. Covel and Bellafiore discuss the real rewards to being a successful trader; passion in trading; why professional traders fail; parallels between trading and writing; Bellafiore's history and definitions of "prop trading"; trading short timeframes and intraday trading; the "prop desk"; ups and downs in Bellafiore's career; the early history of SMB Capital; Bellafiore's early struggles with his father's health concerns, his mother's death, an SEC investigation, and how "The PlayBook" came out of it; the ten attributes of a great trader; trading psychology and mindset; personality types and short-term trading; microscalping and swing trading; expertise, flow, and mastery; process vs. outcome; entrepreneurship; the importance of coaching; and the four ways to become great at anything. Want a free trend following DVD? Go to trendfollowing.com/win.