Humbled Traders Mentor of Millionaires shares Secrets to Success in Trading | SMB Capital
Dec 21, 2023
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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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- He saw too many traders failing with outdated training and wanted to offer a better solution.
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.
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.
