Start developing trading skills and habits early, rather than waiting until joining a trading desk.
S&B Capital values traders who demonstrate a strong work ethic, continuously review their trades, and actively develop playbooks for various markets.
Deep dives
Importance of Starting Early
It is crucial for individuals interested in becoming successful traders to start developing their skills and habits as early as possible. Waiting until joining a trading desk to begin doing good work is not recommended. Jeff, the head of recruiting at S&B Capital, emphasizes the need for aspiring traders to start working on their trades, building playbooks, understanding risk-reward ratios, and finding their edge in the markets from the outset. He shares his own experience of reaching out to partners at S&B Capital, learning from mentors, and consistently implementing the strategies recommended by successful traders.
Evolving Traders and Expanding Markets
The trading landscape has evolved, allowing traders from various backgrounds and markets to participate and bring new perspectives. S&B Capital emphasizes the importance of recruiting traders who demonstrate a strong work ethic, consistently review their trades, and actively develop their playbooks. They no longer limit their recruitment to equity traders, as they have observed traders excelling in options and even crypto markets. The firm values individuals who are doing innovative work, seeking an edge, and investing time in continuous learning and self-improvement.
The Significance of Habits and Mindset
The success of traders at S&B Capital directly correlates with the development of positive habits, maintaining a growth mindset, and believing in their ability to succeed. Traders who consistently demonstrate a disciplined approach, focus on their process rather than fixating on outcomes, work on self-improvement daily, and embrace a teamwork mindset tend to excel. Jeff highlights the importance of habits, emphasizing that they can either propel traders towards success or hold them back. Additionally, he notes that traders should leverage the abundant resources and tools available in the trading community to enhance their skills, learn from experienced traders, and stay ahead in the competitive trading environment.
Many of you have been asking questions in regards to firms. Jeff is the head of recruiting at SMB Capital. We dive into the current characteristics of onboarding employees, along with the criteria that stand out. It's not about where you are from or who you know, it is about your daily habits. Trading is getting more and more competitive. Start doing the good work now! If you are interested in finding a trading mentor this is for you!
SMB Capital is a trading firm located in New York City that provides coaching, training, and capital to their traders. It has been recognized for its development of new traders.
