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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Risk Manager Role
- Use risk manager feedback as constructive help, not confrontation.
- Learn from risk managers to perform your best and responsibly scale risk for bigger trades.
Scaling Capital and Risk
- Request risk and capital bumps based on performance and risk management.
- Focus on dynamic bet sizing by allocating bigger bets to strongest edges for faster growth.
Prop Firm Performance Culture
- SMB aims to build million-dollar traders, not low earners.
- Not putting on size on strong edges insults the firm's culture and ambition.
