Words of Rizdom
SMB Capital Roundtable - Lance Breitstein, Brett Steenbarger, Mike Bellafiore, Jeff Holden
Mar 19, 2025
Join Mike Bellafoire, co-founder of SMB Capital, renowned trading psychologist Brett Steenbarger, trader development head Jeff Holden, and top trader Lance Breitstein as they unpack the secrets behind molding elite traders. They dive into the structured environment of prop trading firms, the psychology of trading, and the importance of mentorship. Key topics include navigating market volatility, fostering team dynamics, and refining individual trading strategies for success. They also explore the psychological hurdles traders face and the power of community in overcoming challenges.
01:54:35
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Quick takeaways
- SMB Capital utilizes a rigorous selection process to recruit elite traders, ensuring they embody ten defined qualities essential for success.
- The firm emphasizes a data-driven approach to development, focusing on traders' strengths and fostering a collaborative environment for shared learning.
Deep dives
Elite Trader Development
The firm prides itself on developing elite traders, highlighted by a first-year trader who earned over half a million dollars right after college. They employ a rigorous selection process, assessing potential interns based on ten defined qualities to ensure they recruit the best candidates. This selection continues through multiple internship stages to gauge their fit within the firm and culture. The firm has a data-driven approach to trader development, emphasizing their strengths, providing opportunities for competition, and fostering an environment where every trader can thrive.
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