Mike Bellafiore

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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.