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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КОМЕНТАРІ • 456

  • @HumbledTraderOfficial
    @HumbledTraderOfficial  3 місяці тому +1

    Get my FREE Strategy crash course: bit.ly/yt20231122cc
    Sign up for Free stock watchlist: www.humbledtrader.com/free

  • @smbcapital
    @smbcapital 5 місяців тому +171

    Thanks for coming in Shay! We had fun doing this

    • @HumbledTraderOfficial
      @HumbledTraderOfficial  5 місяців тому +12

      Thanks for having us!

    • @anthony212459
      @anthony212459 5 місяців тому +3

      I want to be great! Thanks guys, for the insight.

    • @kevinle2955
      @kevinle2955 5 місяців тому

      Thanks for doing this one. Didn't listen yet but know it'll be great

    • @LilacTian
      @LilacTian 5 місяців тому

      Is it possible to trade parttime remotely on daily 4hourly bars with SMB? 😅NZ has horrible time lags with US market😊

    • @midnightsxtc
      @midnightsxtc 5 місяців тому

      thanks guys

  • @sebastiantevel898
    @sebastiantevel898 5 місяців тому +53

    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.

    • @HumbledTraderOfficial
      @HumbledTraderOfficial  5 місяців тому +3

      Appreciate this!

    • @dasuperscalper
      @dasuperscalper 4 місяці тому

      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

    • @suryaraguthu6190
      @suryaraguthu6190 Місяць тому

      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!

    • @nelsonjavierbarbosafuentes9413
      @nelsonjavierbarbosafuentes9413 12 днів тому

      Between so many males in the industry, a lady's perspective is a mouthful of air

  • @alphabeta8403
    @alphabeta8403 5 місяців тому +25

    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

  • @TerranceBledsoe-hp4ec
    @TerranceBledsoe-hp4ec 21 день тому

    Mike and Jeff are legendary.I love watching their videos. I've learned so much from them.

  • @sanfrantrader
    @sanfrantrader 5 місяців тому +16

    Probably the best interview I’ve seen done with SMB and that’s saying something

  • @Smart_Money999
    @Smart_Money999 4 місяці тому +5

    Just learn 1 strategie and stay consistent.. thats all you need 2 know in trading

  • @andrewgates2568
    @andrewgates2568 5 місяців тому +34

    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!

    • @shinsuo9943
      @shinsuo9943 5 місяців тому +2

      Which SMB's programs you joined?

    • @andrewgates2568
      @andrewgates2568 5 місяців тому

      @@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!

    • @malrberrymillions
      @malrberrymillions 5 місяців тому

      Live Streams, Live Trades, Live Results.

    • @toprankinvesting5538
      @toprankinvesting5538 5 місяців тому +6

      I went there for the 25 k inhouse, is not worth it, be aware of that. trust me..

    • @dhawaljain3297
      @dhawaljain3297 5 місяців тому

      ​@@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.

  • @theresechung
    @theresechung 5 місяців тому +4

    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❤❤❤❤

  • @johnotaran
    @johnotaran 5 місяців тому +8

    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.

  • @MrHmmm
    @MrHmmm 5 місяців тому +14

    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.

  • @dn9597
    @dn9597 5 місяців тому +11

    Shay you are a really good interviewer. You literally asked questions I was thinking about. Learned a lot. Thanks for the video!!!

  • @andrasszerencses
    @andrasszerencses 5 місяців тому +2

    "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.

  • @CSaenz44
    @CSaenz44 5 місяців тому +2

    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

  • @autumninvest3312
    @autumninvest3312 5 місяців тому +5

    Really appreciate all the insights and knowledges that SMB brings to the public!

  • @zamora3D
    @zamora3D 5 місяців тому +8

    I love these interviews. Keep up the great work!

  • @MadrigalInc
    @MadrigalInc 5 місяців тому +10

    Both so humble. Thank you for sharing with us!

  • @jasondillon2567
    @jasondillon2567 4 місяці тому

    Love SMB! So glad you were able to do this interview.

  • @ln11-
    @ln11- 5 місяців тому +10

    You're awesome Shay! Thank you for sharing such valuable content with us

  • @BigWickTraders
    @BigWickTraders 5 місяців тому +11

    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!

    • @HumbledTraderOfficial
      @HumbledTraderOfficial  5 місяців тому

      Thanks 🙏 glad u enjoyed

    • @marcknight9334
      @marcknight9334 5 місяців тому +2

      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.

    • @mthxjzz6462
      @mthxjzz6462 5 місяців тому

      @@marcknight9334 stressful or rather deadly boring if you do it right?

    • @malrberrymillions
      @malrberrymillions 5 місяців тому

      Live Streams, Live Trades, Live Results.

    • @Brigadorsky
      @Brigadorsky 5 місяців тому

      ​@@marcknight9334 what's the turnover, how many succeed?

  • @alechamid235
    @alechamid235 5 місяців тому +2

    Best of your interviews so far, keep it up.

  • @mendesnelson
    @mendesnelson 4 місяці тому

    Great interview! These are guys are great. I learned a lot! Thank you for making this possible

  • @Gx-657
    @Gx-657 5 місяців тому +1

    EL CAPITAN AND THE 5TH ELEMENT thanks to these to men and the monumental amount of help they provide. Thx guys!

  • @doom014
    @doom014 4 місяці тому +1

    honestly 10/10 video, thanks for doing what you do. SMB and Shay both!

  • @hamzamalik9705
    @hamzamalik9705 5 місяців тому +5

    Mike Bella is the GOAT !

  • @tanujsabharwal6435
    @tanujsabharwal6435 5 місяців тому +1

    Thank you for the interview. This has given me a lot of insight into the working of a prop trading firm.

  • @DougSmileyVirgo
    @DougSmileyVirgo 5 місяців тому

    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.

  • @PDINIS
    @PDINIS 4 місяці тому

    Great content. The best of your podcast series. Congratulations Shay

  • @nexusapp
    @nexusapp 5 місяців тому +1

    Thank you for this great video. I enjoyed watching it.

  • @karlgruen2895
    @karlgruen2895 5 місяців тому +1

    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.

  • @loukramer152
    @loukramer152 5 місяців тому +4

    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!

  • @Sopros1
    @Sopros1 5 місяців тому

    Great interview. I learn a lot from them. Thanks for sharing.

  • @stjerneful
    @stjerneful 5 місяців тому +1

    Thank you Shay for this amazing interview! I am so inspired by SMB and will definitely join their intern program!

  • @shreyash0851
    @shreyash0851 5 місяців тому +1

    Thanku for this learing video👍👍

  • @jud2820
    @jud2820 5 місяців тому +1

    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

  • @jonclements289
    @jonclements289 4 місяці тому

    Shay, this is a great interview! Very very enjoyable ❤

  • @leonardogarces7563
    @leonardogarces7563 5 місяців тому +2

    Thanks Shay for making this happen 👏🏾

  • @mustafabaris9681
    @mustafabaris9681 5 місяців тому +1

    Great conversation ! Thanks for posting this ! Your best video of the year ..!

  • @yoginacharya2150
    @yoginacharya2150 5 місяців тому +8

    Mike is the man, the myth, the legend, top gun of trading. Good to see him and hear from him in your channel 🙏

  • @wendylehoang1748
    @wendylehoang1748 5 місяців тому

    I love this series soo much. Thanks❤

  • @williamjenkins691
    @williamjenkins691 4 місяці тому

    Dear humble trader, this channel is f*cking awesome!

  • @LongTu167
    @LongTu167 5 місяців тому +1

    Amazing Shay, very much appreciated!!!

  • @JenMarco
    @JenMarco 5 місяців тому +2

    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

  • @dummy4591
    @dummy4591 4 місяці тому

    Loved this! I'm a new sub! 👍 Thank you!😊

  • @MildCaffeine
    @MildCaffeine 5 місяців тому

    Thank you for this awesome information❤

  • @Jliving8008
    @Jliving8008 5 місяців тому

    Your content is awesome. Keep up the great work. Down to earth no BS approach. True traders with background in trading.

  • @TheDrodder
    @TheDrodder 4 місяці тому +1

    Just bought Mikes book after this interview. Gawd damn this was good. Thank you Humble Trader for your talk show!

    • @mbellafiore19
      @mbellafiore19 4 місяці тому

      I hope they add value to your trading!

  • @marsmellow1589
    @marsmellow1589 5 місяців тому

    This is so cool Shay!. Getting the best on your show!
    Highly motivational. Thanks a lot!

  • @zakthompson3238
    @zakthompson3238 5 місяців тому

    Every video gives so much information, Keep them coming 😅🙏

  • @jorgecamara1030
    @jorgecamara1030 5 місяців тому +1

    Great video information thanks for your support for the community 👍

  • @go4384
    @go4384 2 місяці тому

    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.

  • @michaelski8951
    @michaelski8951 5 місяців тому +1

    Great to see three of my favorite trading teachers come together in one interview!

  • @bliaxiong6439
    @bliaxiong6439 2 місяці тому

    Always good to watch a second time to catch things you missed

  • @entrepreneurialhacks
    @entrepreneurialhacks 4 місяці тому

    This interview is your new high, high high well done!..

  • @KpxUrz5745
    @KpxUrz5745 5 місяців тому +1

    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.

  • @allenredfearn438
    @allenredfearn438 5 місяців тому +1

    When I saw that my two favorites were in the same video, HT and SMB, I HAD to watch. Thanks for the great video.

  • @mohammedrahmanrahman5024
    @mohammedrahmanrahman5024 5 місяців тому

    thanks shay for all your time and videos. you are my mentor

  • @bkbkool7
    @bkbkool7 5 місяців тому +2

    Love SMB. I watch all their videos.

  • @DannyT3_
    @DannyT3_ 5 місяців тому

    Your podcast is my favorite, HT. Thank you

  • @brians.4403
    @brians.4403 5 місяців тому

    You, shay, get the best traders 2 interview. I appreciate all the diverse strategies these folks use to be successful. Great interview & that you...

  • @stang3299
    @stang3299 5 місяців тому

    Very informative. Thank you!

  • @Dmchurchinthehouse
    @Dmchurchinthehouse 4 місяці тому

    These guys are the Harvard of training. Unbelievably great.

  • @tyman2007
    @tyman2007 5 місяців тому

    Great interview. Thank you Shay.

  • @srisri537
    @srisri537 5 місяців тому

    Thank you for the video

  • @rongling4575
    @rongling4575 4 місяці тому +1

    This is the best trader interview.

  • @John_247
    @John_247 5 місяців тому

    I really liked thia interview, I think I'm gonna listen 2 or three times more. There's a lot of valuable lessons here.

  • @lorellepatterson5142
    @lorellepatterson5142 4 місяці тому

    Thank you for this video ! Great Content !

  • @federalcameroon1876
    @federalcameroon1876 4 місяці тому

    Happy new year to Humbled Trader

  • @legendaryrscopridge
    @legendaryrscopridge 5 місяців тому

    Thanks for sharing!

  • @Prophitman8
    @Prophitman8 5 місяців тому

    "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

  • @henriquekbz
    @henriquekbz 5 місяців тому +3

    incredible content🚀

  • @SurfsFlatTrader
    @SurfsFlatTrader 5 місяців тому

    Thank you Shay for another great video. So many great little tips in there. ❤

  • @LearnTheTrader
    @LearnTheTrader 5 місяців тому +1

    I was really looking forward to this one. Thumbs up before even watching! Thanks Shay! Loving the quality of these interviews ❤

  • @sedatblackoak7247
    @sedatblackoak7247 4 місяці тому

    Thank you dear🧿

  • @amandarojaagustin8113
    @amandarojaagustin8113 5 місяців тому

    Great video! I DCA in AMS75T already, Patiently waiting for the Moon time!

  • @hannsalexis371
    @hannsalexis371 5 місяців тому

    SMB Capital's team are the best👋👋👋👋

  • @izuddin1978
    @izuddin1978 5 місяців тому

    Thanks for sharing

  • @SahilFx16
    @SahilFx16 5 місяців тому

    Got to learn so much today thnk u shay😊

  • @wizzyoflegend2947
    @wizzyoflegend2947 5 місяців тому

    really fantastic interview gj humble

  • @Johnystew
    @Johnystew 2 місяці тому

    Great podcast! Well done🔥🔥

  • @M_qu
    @M_qu 4 місяці тому

    Is really helpful this interior.

  • @InJunoWeTrust
    @InJunoWeTrust 5 місяців тому

    You're on fire shay. These guests have been top notch ❤

  • @laiddownlife
    @laiddownlife 5 місяців тому +2

    This was soooo good. Thank you!

  • @OtRatsaphong
    @OtRatsaphong 4 місяці тому

    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! 🎉🥳🏖️

  • @salb4424
    @salb4424 20 днів тому

    Great segment.

  • @SalseroCoreano
    @SalseroCoreano 5 місяців тому

    really awesome interview!!

  • @Brigadorsky
    @Brigadorsky 5 місяців тому +1

    I thought Seth Freudberg would be there, still a huge interview.

  • @jbond008
    @jbond008 5 місяців тому

    Excellent interview

  • @jakeweston8616
    @jakeweston8616 5 місяців тому

    This was an excellent video! Thanks

  • @dennisdmennis
    @dennisdmennis 5 місяців тому

    Shay, we are so grateful to have you ❤

  • @TraderJakeBrown
    @TraderJakeBrown 5 місяців тому

    Wow, what a great interview 👏 thank you !

  • @luisguzman9680
    @luisguzman9680 5 місяців тому

    Really good interview. I like SMB and am interested in any programs they may have for post-college applicants

  • @johnmarker1795
    @johnmarker1795 5 місяців тому

    Fantastic Video! Very Informative Indeed!

  • @johnadonis876
    @johnadonis876 5 місяців тому

    Wow this is amazing!!!

  • @JESS-CH
    @JESS-CH 5 місяців тому

    Great interview

  • @thekidinventers7323
    @thekidinventers7323 5 місяців тому +2

    Just curious...they talked about an individual making $20 Mil in SMB but revenue in SMB Capital is $6-$13Mil?

  • @IsmaelG_
    @IsmaelG_ 5 місяців тому

    Thanks for this amazing video Shay🍻

  • @ktrump5882
    @ktrump5882 5 місяців тому +1

    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 😁

  • @professionalaesthetics
    @professionalaesthetics 5 місяців тому +1

    This was awesome.

  • @stelliumX5
    @stelliumX5 5 місяців тому

    Naivety is music to Gods ears! 11:41 this is my goal. I know I’m limiting myself.