Mike Bellafiore, co-founder of SMB Capital, and Jeff Holden, head of trader development, discuss the unique world of proprietary trading. They highlight how day trading can be a legitimate career with training from seasoned Wall Street traders. The conversation dives into the advantages of prop trading over retail trading, including access to capital and structured support. They also share insights on mentorship, the importance of adapting strategies to market shifts, and details about internship opportunities at SMB Capital.
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question_answer ANECDOTE
Founding SMB Capital Against Doubt
Mike Bellafiore started SMB Capital from his apartment to fix poor trader training.
He saw too many traders failing with outdated training and wanted to offer a better solution.
insights INSIGHT
Trading Styles and Use of Technology
Different traders succeed as discretionary, hybrid, or automated traders.
Using technology and data can transform systematic traders into high earners by shaping their edge.
volunteer_activism ADVICE
Prop Trading Advantages
Trade selectively with data-backed edges to succeed in today's complex markets.
Join a team to share, stress-test ideas and use resources for better performance.
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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
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