webinar–“trading fundamentals: things great traders do and never do” with mike bellafiore and...

This Is What a Pro Trader Looks Like!

Mike Bellafiore

Author of The PlayBook Author of One Good Trade

Co-Founder SMB Capital, SMBU

SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through smbtraining.com) and in person. SMB TRAINING also offers web-based, interactive training courses on demand.

The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

SMB Training and SMB Capital Management, LLC are separate but affiliated companies.

No relevant positions

Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.”

Congratulations!

SMB Builds Profitable Traders

SMB Trading Philosophy

• Trade the Stocks In Play

• Utilize the Principles of Elite Performance

• Get Better Everyday!

• How good can you be?

What We Will Accomplish Together

• Slice of how to improve as a trader

• Present Best Practices of Real Pro Traders

• Evisorate common trading myths

• Gratitude Exercise

• Trading’s Real $Reward

The Misinformation Campaign

• This might be you!

The Misinformation Campaign

• The Phantom News Edge

• Trader Disneyland

• Market Calls = Big $

• The right pedigree is mandated

• Trading is as simple as hitting a few keys

• The Importance of Methodology

The Brilliant Market Mind

• This company is better than that company

• Who cares?

• What does that have to do with trading?

• Study trading not markets

*”They are fascinating to talk to but they don’t make money.”

$12B Hedge Fund Member

The Phantom News Edge

• Reading an article online is not a news edge

• My experience hiring experienced traders

• Most do not have a news edge

• Most retail traders do not have a news edge

• Huge mistake made by retail traders!

Here is a trading news edge

• 85k on research• Read everything• Find patterns for how big traders will react • The market is a vote• It's not what you think but what the majority• Emotional ly Intelligent Investor• Develop a thesis then use price confirmation• Quant studies to determine odds for trade

The Financial Media News Complex

Trader Disneyland

Trader Disneyland continued• This guy is better than me!

How do you become like him?

A Real Pro Trader- Shark

• Unimpressive Application letter

• Didn’t notice him for the 1st 6 months

• More PlayBook trades than the desk combined

• Mindset of an elite performer

• Get better everyday!

• Debunking the pedigree myth

• So good will become our next Head Trader

• If he can do it, then why can’t you?

A Real Pro Trader- PTO

• “I really want to be a successful trader.”

• TO competes

• Walk on the desk afterhours and he is there

• Talking trading non-stop

• Thinking trading

• Reviewing his trading

• Experimenting with new strategies

• Tradervue an example of his competitiveness

• Passion most important 2 trader success

The Playbook:How to Think Like a ProTrader;

Methodology for your trading

The PlayBook- The Prequel

• Something good coming from the bad

• Stay connected to the desk

• Get my guys bigger

• A method where they could from each other

• Hold for the real move

• More Trades2Hold

• Substantial performance gains

How The PlayBook helps1. Find the best setups for you.

2. Eliminate the trade not worth your intellectual, emotional, and financial capital.

3. Get bigger in your A+ setups.

4. Hold your trades for the real move.

5. Sidestep those annoying HFTs.

6. Accelerate your learning curve.

7. Lower your trading stress and pull the trigger.

8. Take the first step toward developing auto strategies.

9. Think through your trades like a pro so that you can adapt when the market changes.

10. Align yourself with the future of trading.

Making a Trading Decision• The Big Picture

• Intraday Fundamentals

• Long-term Technical Analysis

• Intraday Technical Analysis

• Reading the Tape

• Intuition

Building A Playbook Entry• Title

• Strategy Description

• Big Picture

• Intraday Fundamentals

• Long-term Technical Analysis

• Short-term Technical Analysis

• Reading The Tape

• Trade Management

• Trade Review

• Trade Idea

Risk Management

• Build your PlayBook

• Ferret out your A+ trades

• 30% intraday trader, 2-5% Swing trader

The Upside Down Trader

The Pro Trader

• There is no destination

• The works never ends

• The effort must endure

• Market Tuition continues

• Lessons from Singapore

“This is the life we have chosen”

The Godfather

There is always a Market Tuition

p. 359

Gman and Gr8 Coaching

• Gman is a partner at SMB

• Started as a trainee

• Top 2 Trader Under 30

• Tried to quit 2xs

• Works with outside coaches

• Phil Mickelson

• Traders are not different than other elites

The Daily Gratitude Exercise

• Please close you eyes- 3 things gr8ful?

• Each day list 3 things for which you are gr8fulo new son and my wifeo Privilege to do what I love o For Phillip’s invitation to speak with you

*Being more gr8ful improves your trading

Gratitude

One more of Lukey and Dad

•Conclusion

Trading’s Most Important Lesson

"You can be better tomorrow than you are today!"

Mike Bellafiore, The PlayBook

Contact me

• @mikebellafiore

• [email protected]

• smbu.com/blog

Trading FundamentalsThings Great Traders Do and Never Do

Visit us at www.topsteptrader.com, email at [email protected] or call 312.252.9490

SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through smbtraining.com) and in person. SMB TRAINING also offers web-based, interactive training courses on demand.

The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

SMB Training and SMB Capital Management, LLC are separate but affiliated companies.No relevant positionsPlease note: Hypothetical computer simulated performance results are believed to be accurately

presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.”

John Hoagland Director of Scouting

30 Year Futures Industry Veteran

Started as a runner

Traded proprietary and self funded

Floor Broker

Screen Trader since 2009


TopstepTrader

Find and develop top trading talent to introduce to our equity partner for funding

College of Trader Development teaches strategy, methodologies and more. Five core courses, 73 lectures and more than 50 hours of LIVE Q&A

Intuitive Development for Traders supports ability to filter, process and apply information

Combine – EvaluationA low-risk, real-time trading evaluation where traders can prove their skills and earn a fully funded account. Supported by TST community

through interactive chat rooms, Squawk Radio and more.

Development and Scouting

firm looking for trading talent

to introduce to our equity partner.


Trading Fundamentals New Traders Must Master

Develop a trading plan

Take time to find a market that suits you

Keep it simple

Become very good at trading your market and indicators before expanding your scope

Keep the math on your side

Stay patient and disciplined



Market states

change quickly

The market is telling you what it will do

Markets don’t have to do anything

Build your intuition

Be Objective and Receptive



Trade frequency/time frame

Trade sizing

Are you over trading?

Know your limitations and trade within your

means


Jour

nal

Jour

nal

Jour

nal

Jour

nalKnow

yourself and your psychology

Understand your emotions Consistent

review of your results Focus on

being a trader-not just making trades



Trading Pitfalls New Traders Should Avoid

Trading the Money

Removes focus from market information

Impossible to make rational decisions

Becomes a self fulfilled prophecy of loss



Trading too many

markets

Divides attention

Promotes overtrading

Become an expert in one market before

expanding



Becoming emotional about trades

Keep your ego in check

Get used to it

You will be right You will be wrong


The Most Important Moment in My Trading Life

Learn Market Profile

Understanding of Auction Market Theory

Points out acceptance and rejection of price in real

time

Paints a picture of market participation in any time

frame


30 Minute Chart Market Profile

The Bell CurveBuilding the ProfileCandlestick


20% off any Combine for new recruitsUse Scouting Prospect CodeCOMBINE20 when checking out.

www.topsteptrader.com/combine

Please contact [email protected] or 312.252.9490 with any questions.

Thank you for attending this exclusive webinar from TopstepTrader and SMB Capital.

http://www.topsteptrader.com/combine

mailto:[email protected]

webinar–“trading fundamentals: things great traders do and never do” with mike bellafiore and...

Economy & Finance