Mentor of Millionaires shares Secrets to Success in Trading
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- Опубліковано 24 тра 2024
- Day Trading with Humbled Trader: bit.ly/yt20231221
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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.
00:00 SMB Capital - What is proprietary trading?
02:15 Mike Bellafiore - Founding SMB Capital
08:37 Jeff Holden - Becoming the head of trader development
13:50 Prop firm training & development process
19:11 Retail Trading vs. Prop Firm Trading - Advantages of Prop Trading
26:46 How much funds do prop traders get to trade with?
34:41 Prop firm traders' salaries and internal competition
44:20 Relationships between Trading Mentor and Trading Teams
52:27 How senior traders help junior traders at SMB Capital
58:45 Internships - How to join SMB Capital
#propfirm #smbcapital #traderpodcast #tradingstrategy #stockmarket #daytrading #stocks #priceaction #livetrading #algotrading #chartpatterns #tradingmentor #tradingpsychology
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Thanks for coming in Shay! We had fun doing this
Thanks for having us!
I want to be great! Thanks guys, for the insight.
Thanks for doing this one. Didn't listen yet but know it'll be great
Is it possible to trade parttime remotely on daily 4hourly bars with SMB? 😅NZ has horrible time lags with US market😊
thanks guys
This interview is your new high. Congratulations!
Also has someone else said, this is likely the most comprensive interview ever done with SMB. You asked the most interesting questions, and they were very comfortable and candid.
You did really a great job.
Appreciate this!
yall should read churningandburning its the best blog in terms of capturing what the prop trading industry is all about, from a former SMB trader
Shay you have paid dues to this country! These are amazing group of gentlemen. Helping one soul at stone. Always dreamt of seeing the floor in live. Someday!
Between so many males in the industry, a lady's perspective is a mouthful of air
7:00 Starting a prop firm
14:00 Discretionary vs automated
20:00 Being super selective
26:40 *Risk/capital management* $20-50M
32:00 *Traders making 7 figs or more*
33:10 *Be RUTHLESS when you have a REAL edge*
34:40 *How traders get paid*
36:00 Psychology of a prop trader when losing money
40:55 Pivoting with the FED
58:00 Joining SMB capital
1:01:30 College internships
1:02:40 Discretionary trading is the hardest thing in finance
1:10:55 Loving what you do
1:16:05 Be resourceful
Mike and Jeff are legendary.I love watching their videos. I've learned so much from them.
Probably the best interview I’ve seen done with SMB and that’s saying something
Just learn 1 strategie and stay consistent.. thats all you need 2 know in trading
After taking a break from trading, I got back into it because of reading Mike's two books. I made enough to afford joining SMB's programs and all the guys at SMB are great - willing to help understand and learn the markets up and down. Their depth and breadth of knowledge is awesome to be able to tap into. Great interview here. Thanks to all involved!
Which SMB's programs you joined?
@@shinsuo9943 DNA,winning trader, reading the tape, and I think there was some psychology part included. Haven't done the new scalping or options stuff. Cheers!
Live Streams, Live Trades, Live Results.
I went there for the 25 k inhouse, is not worth it, be aware of that. trust me..
@@toprankinvesting5538can you please explain what you didn't like?
I joined learn to trade of greg secker and that program was itself a sucker. They just teach you to click on buy sell signals through their software. There is no real trading strategy learning.
wow, Mike and Jeff from SMB Capital!!! I am a big fan of their channel and keep learning from their tutor! Thanks a lot Shay❤❤❤❤
Our pleasure!
Absolutely agree with the SMB team. There's an abundance of resources available online, including UA-cam and Twitter, which are invaluable for a retail trader like me. Balancing trading with other commitments means progress is gradual, but I'm confident that with sufficient time and consistent daily effort, there's a promising future ahead. The light at the end of the tunnel is certainly within reach.
Let get intouch now
I've been following your channel since 2 years now and your recent interviews and videos are top notch. So proud of you Shay :) Keep it up and thank you.
Let get intouch now
Shay you are a really good interviewer. You literally asked questions I was thinking about. Learned a lot. Thanks for the video!!!
Cheers thank you
"2nd time they've already implemented something ot avoid the same mistake"! That tendency I want to adopt 100%. Great talk, amazing to see all the experiences by such a big company.
love how open they have gotten to certain traders especially discretionary traders many ways to make money. they found what works for their business model building up traders fast
Really appreciate all the insights and knowledges that SMB brings to the public!
I love these interviews. Keep up the great work!
Both so humble. Thank you for sharing with us!
🙌
Love SMB! So glad you were able to do this interview.
You're awesome Shay! Thank you for sharing such valuable content with us
Always! Appreciate your support!
I wish I could trade with a prop firm like that. Literally my dream job. I hope all your traders do well and have success!
Thanks 🙏 glad u enjoyed
They don't. The employee turnover is crazy in this business. Those who succeed make a nice living but its a very hard way to make a good living. Extremely stressful too.
@@marcknight9334 stressful or rather deadly boring if you do it right?
Live Streams, Live Trades, Live Results.
@@marcknight9334 what's the turnover, how many succeed?
Best of your interviews so far, keep it up.
Great interview! These are guys are great. I learned a lot! Thank you for making this possible
EL CAPITAN AND THE 5TH ELEMENT thanks to these to men and the monumental amount of help they provide. Thx guys!
honestly 10/10 video, thanks for doing what you do. SMB and Shay both!
Mike Bella is the GOAT !
🐐
Thank you for the interview. This has given me a lot of insight into the working of a prop trading firm.
Great interview. I've learned to up my edge as a trader just from watching SMB's UA-cam channel. Great insight from the guys.
Great content. The best of your podcast series. Congratulations Shay
Thank you for this great video. I enjoyed watching it.
SMB trading channel has always the highest signal to noise ratio. Whenever i mess up a trade, I usually remember something Jeff said that I messed up.
Let get in touch now
love hearing this Karl
The mentality of working for a prop firm is definitely more similar to working for a company compared to being independent. You are accountable to others since you are playing with their money and you will definitely have uncomfortable conversations regardless of how they sugar coat this aspect. You are only as good as your latest trade!
So true!
FTMO might be more for you.
Great interview. I learn a lot from them. Thanks for sharing.
Thank you Shay for this amazing interview! I am so inspired by SMB and will definitely join their intern program!
Thanku for this learing video👍👍
Always learn so much from your videos... 10X in this interview with Mike and Jeff. Love SMB Capital for their processes which has/have helped me by going through their UA-cam content
Appreciate this!
Shay, this is a great interview! Very very enjoyable ❤
Thanks Shay for making this happen 👏🏾
Great conversation ! Thanks for posting this ! Your best video of the year ..!
🙌
Mike is the man, the myth, the legend, top gun of trading. Good to see him and hear from him in your channel 🙏
Let get intouch now
👊
I love this series soo much. Thanks❤
Dear humble trader, this channel is f*cking awesome!
Amazing Shay, very much appreciated!!!
I was in a SPY call while listening and might have missed important information so I’m going to watch this again from the beginning. Great video as usual from SMB
Glad it was helpful!
Loved this! I'm a new sub! 👍 Thank you!😊
Thank you for this awesome information❤
Your content is awesome. Keep up the great work. Down to earth no BS approach. True traders with background in trading.
Let get intouch now
Just bought Mikes book after this interview. Gawd damn this was good. Thank you Humble Trader for your talk show!
I hope they add value to your trading!
This is so cool Shay!. Getting the best on your show!
Highly motivational. Thanks a lot!
🙌
Every video gives so much information, Keep them coming 😅🙏
Great video information thanks for your support for the community 👍
Important for traders to understand concepts like risk adjusted returns and how you perform in bear and bull markets. This will determine whether you’re good or lucky, and propensity to blow up even if you had success.
Great to see three of my favorite trading teachers come together in one interview!
appreciate that Michael.
Always good to watch a second time to catch things you missed
This interview is your new high, high high well done!..
There are so many factors that play into one's game and risk tolerance, sometimes quite outside one's control. For certain reasons I feel I have to play it pretty close to the vest. Therefore, I see nothing wrong with several hundred G per year in profits. This year it is roughly 40%. Everyone is not always free to shoot for several M per year. Great channel, and I really enjoy it.
When I saw that my two favorites were in the same video, HT and SMB, I HAD to watch. Thanks for the great video.
Let them know! 😆
Appreciate your support!
thanks shay for all your time and videos. you are my mentor
My pleasure!!
Love SMB. I watch all their videos.
Your podcast is my favorite, HT. Thank you
Wow, thank you!
You, shay, get the best traders 2 interview. I appreciate all the diverse strategies these folks use to be successful. Great interview & that you...
I appreciate that! Thanks for watching
Very informative. Thank you!
These guys are the Harvard of training. Unbelievably great.
Great interview. Thank you Shay.
Thank you for the video
This is the best trader interview.
I really liked thia interview, I think I'm gonna listen 2 or three times more. There's a lot of valuable lessons here.
Definitely 👍 lots of golden nuggets
Thank you for this video ! Great Content !
Happy new year to Humbled Trader
Thanks for sharing!
"It occurred to me that if I was really going to do this, i needed to do it with the right people around me." - Jeff.
Makes sense.. See you in NY
incredible content🚀
Thank you Shay for another great video. So many great little tips in there. ❤
I was really looking forward to this one. Thumbs up before even watching! Thanks Shay! Loving the quality of these interviews ❤
Appreciate this!
Thank you dear🧿
Great video! I DCA in AMS75T already, Patiently waiting for the Moon time!
SMB Capital's team are the best👋👋👋👋
Thanks for sharing
Got to learn so much today thnk u shay😊
Let get intouch now
really fantastic interview gj humble
Thanks 🙏 glad u enjoyed
Great podcast! Well done🔥🔥
Is really helpful this interior.
You're on fire shay. These guests have been top notch ❤
Let get intouch
This was soooo good. Thank you!
You're so welcome!
Great session, Shay! 👍 I have been following you for a number of years and have seen you grow. I haven’t been a day trader, so I only followed intermittently for your jokes. 😅. I’m glad you had Lance on your show a few weeks ago. He is quite an inspiration. I have also been following SMB YT channel for a while and like what they are doing. Have you considered joining them? They need some female role models. Best wishes for the New Year! 🎉🥳🏖️
Great segment.
really awesome interview!!
Cheers
I thought Seth Freudberg would be there, still a huge interview.
Excellent interview
This was an excellent video! Thanks
Glad it was helpful!
Shay, we are so grateful to have you ❤
Wow, what a great interview 👏 thank you !
Let get intouch now
Really good interview. I like SMB and am interested in any programs they may have for post-college applicants
Fantastic Video! Very Informative Indeed!
Let get in touch now
Wow this is amazing!!!
Great interview
Just curious...they talked about an individual making $20 Mil in SMB but revenue in SMB Capital is $6-$13Mil?
Thanks for this amazing video Shay🍻
Let get intouch now
God bless You Shay for sharing this, yet ANOTHER Master Piece of the TitanS in the field. Thanks Mike and Jeff for sharing your wisdom, God bless You Guys too. I learnt so many things, and even something as simple as the term "Discretionary Trader." I didn't realise that there is such a term lol, and this is what I guess I am.
Shay, you've knocked it outta the Park again. I am a Tim Sykes Challenge Student, and have watched EVERY single Episide you post.
To be Coached by someone in a Prop Firm is like being a budding Basketball Player and being tutored by Michael Jordan HIMSELF !!!!.
Practice makes permanent, but I want "Perfect" in my Trading. Shay, you're teaching us that PERFECT Practice, MAKES Perfect by sharing these Videos of the TitanS in the Industry. 14 Stars again Shay 😁
Thanks so much 🙏 happy holidays
This was awesome.
Naivety is music to Gods ears! 11:41 this is my goal. I know I’m limiting myself.