The 5 Secrets of a Verified 8-Figure Trader
Summary
TLDRIn this video, Mike Bella Fury from SMB Capital shares insights from an eight-figure trader, revealing five secrets to successful trading. These include precise entry and exit strategies, daily review of trades, extensive practice, differentiation of trading ideas, and understanding the evolving focus as a trader. The video emphasizes the importance of learning from experienced traders and the culture of seizing significant opportunities at SMB Capital.
Takeaways
- 🏆 Mike Bella, from SMB Capital, emphasizes the importance of learning from elite traders to grow your trading account.
- 📈 SMB Capital conducts monthly reviews where traders share insights and best practices to improve performance.
- 🔑 The five secrets to trading success include improving risk-reward ratio, sustainability, stress reduction, consistent profitability, and responsible scaling.
- 🤝 SMB Capital fosters a team environment where junior traders receive feedback and mentoring from senior traders.
- 📊 Being precise with entries is crucial; traders should review their trades daily to find optimal entry points.
- 🎥 Practice is key; traders should watch back their trades like athletes reviewing game footage to improve.
- 📈 Differentiating between trading ideas is important, with a focus on raising the floor of easy money trades before pursuing high-risk opportunities.
- 🚀 SMB Capital encourages traders to build a strong foundation, experiment with strategies, and then specialize in areas that play to their strengths.
- 💼 As traders grow, their focus shifts from foundational skills to more sophisticated trading strategies and products.
- 📚 SMB Capital offers resources like videos and training courses to help traders improve their entry and exit strategies.
Q & A
Who is Mike Bella Fury and what is his role at SMB Capital?
-Mike Bella Fury is the co-founder and managing partner of SMB Capital, one of the top proprietary trading firms located in New York City.
What is the main focus of SMB Capital's training for traders?
-SMB Capital focuses on training traders to be precise with their entries, review their trades daily, practice as much as possible, differentiate trading ideas, and understand that focus varies at different stages of their trading career.
What is the significance of the mural at SMB Capital?
-The mural at SMB Capital emphasizes the firm's culture of not missing out on A+ trades and the importance of taking calculated risks when opportunities present themselves.
What are the five secrets revealed by the eight-figure trader in the script?
-The five secrets revealed are: 1) Be precise with your entries, 2) Review precise entries after the close daily, 3) Practice as much as possible, 4) Differentiate trading ideas, and 5) Understand that your focus is different at the start of your trading journey.
How does SMB Capital support its traders in improving their skills?
-SMB Capital supports its traders by providing monthly reviews led by team leaders, feedback from senior traders, and mentorship from experienced professionals, including the head of trader development, floor manager, and managing partners.
What is the difference between an SMB Elite Trader and a profitable veteran trader according to the script?
-The script suggests that while both SMB Elite Traders and profitable veteran traders are successful, the Elite Traders have a significant edge due to the structured training, team support, and the culture of continuous improvement at SMB Capital.
What is the role of a team leader in the monthly review process at SMB Capital?
-A team leader at SMB Capital runs the monthly review for their team, discussing what worked well and areas needing improvement, and provides mentorship to junior traders.
How does the script define 'practice' in the context of trading?
-In the context of trading, 'practice' refers to actively engaging in trading activities, reviewing trades, experimenting with different strategies, and learning from both successful and unsuccessful trades to improve skills.
What is the importance of differentiating trading ideas according to SMB Capital?
-Differentiating trading ideas is important because it helps traders to identify high-potential trades, manage risk effectively, and capitalize on the most profitable opportunities.
What resources does SMB Capital offer to help traders improve their entries and exits?
-SMB Capital offers resources such as YouTube videos on timing entries and exits, an exit strategies guide, and training courses like SMB DNA and SMB Insight Access, which provide practical exercises and daily trader development sessions.
What is the SMB Challenge mentioned in the script?
-The SMB Challenge encourages traders to review their exits and entries after each trading day, mark up their charts, and measure improvements in their entries and exits during monthly reviews.
Outlines
💼 Introduction to Elite Trading Secrets
Mike Bella Fury introduces himself and his trading firm, SNB Capital, based in New York City since 2005. The firm is renowned for developing traders who earn seven and eight figures annually. The video aims to share insights from a monthly review meeting with a verified eight-figure trader, revealing keys to consistent profitability. The advice is differentiated from that of regular profitable traders, emphasizing the firm's unique approach. The video also mentions the importance of team leaders, who are profitable traders themselves, and their role in guiding and mentoring junior traders through monthly reviews.
📈 The Path to Becoming a Successful Trader
The speaker discusses the journey of becoming a successful trader, emphasizing the importance of practice and precision in trading. They highlight the need for traders to review their trades meticulously, aiming for better entries and exits. The concept of 'raising the floor' is introduced, which involves increasing one's baseline performance month over month. The speaker also touches on the idea of differentiating between various levels of trading ideas and risk levels, suggesting that traders should start with mastering smaller trades before moving on to larger, more significant opportunities.
🚀 Advancing Your Trading Skills
This section delves into the concept of practicing trading strategies and finding one's niche. It encourages traders to record their screens, review their trades, and experiment with different strategies to find what works best for them. The idea of building a comprehensive playbook from one's strengths is presented, along with the importance of joining a team to refine one's trading edge. The speaker also discusses the progression from focusing on individual trades to trading with more sophistication, including the use of technology and hedging strategies.
🌟 SMB Challenge and Resources for Traders
The final paragraph introduces an SMB Challenge, urging traders to review their entries and exits after each trading day to improve their trading skills. It provides three resources for traders to enhance their performance: a video on exact entry and exit timing, another on exit strategies, and access to SMB's training courses. The speaker summarizes the five secrets revealed in the video and invites viewers to a free online presentation for a chance to become an in-house or remote trader with SMB Capital, trading with the firm's capital without risking their own.
Mindmap
Keywords
💡Elite Traders
💡SNB Capital
💡Risk Reward
💡Consistently Profitable
💡Scalping
💡Playbook
💡Precision
💡Team Leader
💡Monthly Review
💡Swing Trading
💡A+ Trades
Highlights
Mike Bella Fury introduces himself and his trading firm, SMB Capital, located in New York City.
SMB Capital has developed seven and eight-figure per year traders since 2005.
The importance of learning from a star SMB trader to grow one's trading account.
Advice from a verified eight-figure trader on becoming consistently profitable.
The difference between SMB Elite Traders and experienced veteran traders.
The team structure at SMB Capital, with a team leader for each team.
Monthly reviews conducted by team leaders to improve traders' performance.
The value of learning from both senior and junior traders within the firm.
The five secrets to improve risk-reward, sustainability, and profitability in trading.
The culture of SMB Capital, emphasizing the importance of taking advantage of A+ trades.
The first secret: Be precise with your entries.
The second secret: Review precise entries after the close daily.
The third secret: Practice as much as possible to improve trading skills.
The fourth secret: Differentiate trading ideas to focus on high-potential trades.
The fifth secret: Understand that focus varies at different stages of a trader's career.
Shark, a verified eight-figure trader, shares his insights on the five secrets.
The necessity of self-criticism and deep analysis of entries and exits.
The concept of 'raising the floor' to improve month-over-month performance.
The path a trader takes from building a foundation to expressing their trading edge.
Resources offered by SMB Capital to improve entries and exits.
The SMB Challenge to focus on reviewing exits and entries after each close.
SMB Capital's approach to hiring and developing trading talent.
The criteria for earning an interview with SMB Capital.
Transcripts
do you want to learn five secrets from a
verified eight figure Trader I'm Mike
Bella Fury and we're one of the top
proprietary trading firms located in New
York City since 2005 and proud to have
developed numer seven and even eight
figure per year Traders watch take notes
and learn from a star SMB Trader so you
can grow your trading account do you
want advice from an eight fig Trader
we're lucky at SNB to be able to learn
from Elite Traders at the firm we're
going to give you a sneak peek inside an
SNB monthly review to reveal this advice
this is advice from a monthly meeting
from a verified eight fig Trader and it
reveals a key to becoming consistently
profitable and it reveals a key
principle stressed by SNB Capital here
at the firm it's a differentiator this
advice between between the SNB Elite
Trader and even experienced veteran
traders who are profitable we see
there's a huge Gulf between even veteran
experien profitable Traders and our SNB
Elite Traders and this advice is the
reason you must learn more about the SNB
monthly review to best appreciate this
advice so all Traders are on a team here
at S&B Capital there's a team leader a
consistently profitable Trader if not
star who runs each team and that team
leader runs the monthly review for their
team these monthly reviews are also
supported by the head of Trader
development by our floor manager by
Lance and by myself we're going to go
over what worked well and needs
Improvement Trader by Trader we're going
to highlight best
practices to
improve Junior Traders are going to get
a chance to review their month and get
feedback from their senior Trader who
runs a team or the head of Trader
development or a floor manager or Lance
or myself you're getting insight and
mentoring from a team from an A figure
Trader a verified eight fig Trader and
then others it's not just one
Guru it's a team offering advice to
everybody and you're not just learning
from the expert the guru the star Trader
but you're also learning from the junior
Traders and the other people in the room
and so this advice is coming from a
seasoned veteran Elite Trader who's been
taught well who's experienced who's
experienced
mentoring
who's getting Insight on his thoughts
from other people and that's why this
advice becomes so
valuable the importance of the advice
the five Secrets which we're going to
share with you one you're going to
improve your risk reward in every trade
with this advice two you're going to
become more sustainable as a Trader
you're going to last longer you're going
be able to handle different
markets three you have less
stress four increase your chances to be
a consistently profitable Trader five
trade bigger and trade bigger
responsibly and six supercharge your p&l
let's share something important about
our S&B culture with you this is a mural
that hangs in the wall
of S&B Capital it says if you see it
swing the bat hard at our firm it's not
acceptable to miss A+ trades at our firm
you've got to put on
risk with your A+ trades you got to get
to your max risk for your A+ trades this
advice which we're going to share with
you is essential for you to be able to
trade
big and trade big responsibly so
you can be a Trader like Max here in
this mural who when you see it can swing
the bat hard five Secrets Revealed one
be
precise with your entries second review
precise entries after the close daily
number three practice as much as
possible fourth differentiate trading
ideas fifth your focus is different at
the start okay let's hear from shark a
verified 8 bigger Trader on these five
Secrets after that I'm going to give my
reaction to each one of these five
Secrets stay until the end we're going
to reveal an SB challenge to help you
improve your entries and exits I know I
think I'm in a good spot and you know
I've been trying to throughout the year
kind of raise my Baseline risk you know
sometimes maybe last week goes a little
too far but generally that's on a good
trajectory and I want to continue down
that path um to the point where I'm on a
a three four five year timeline of maybe
I can risk 500,000 a million dollars on
a on a trade you know make three to four
that's kind of my ultimate goal there
not not there has it has to be from a
position of strength in p&l but I think
uh I got everything I need so for those
younger guys you know they're building
their skills by staying engaged right
that's what you did so well for so long
and now your trading's evolving as your
life is evolving but you know for those
guys is that they really should be
trying to take advantage of the
opportunities each day because that's
what's going to help set them up for
those things yeah so I think there's a
couple things
there one is as someone coming up the
curve you want to try to get as much
practice as possible and you want to
work especially at the beginning at
being like really precise so when we
review by the end of the day you know I
try to go through like the absolutely
perfect spots to hit your keys and guys
should be focused on finding those in
the stocks that they're scanning for
every single day and reviewing that but
at the same time differentiating between
you know the tiers of ideas and the
risks levels of the ideas so I think as
someone really beginning you want to try
to get as much practice as possible
focus on being really really good with
your risk reward with your with your
execution spots but also differentiating
between uh what trades constitute much
more risk and sometimes that's hard to
blend because you get kind of get stuck
in a a mode where you know Buy sell buy
sell and then it's hard to switch to
either holding or more size um so that's
something that needs to be constantly
worked on especially at the beginning um
but yeah you you got to stay engaged and
you got to get your practice practice
and and uh that would be my advice but
also everyone's a little bit different
with you know their processing speed and
uh what setups they like and everything
so you know it's it's an individual
question also but that's generally my
answer are you saying when you're young
you should be grinding it out and
working on your scalping Playbook and
then after you've been a successful as
shark which is uh the highest of the
highs you can you can start to just I'll
say that's in more simpler terms what
I'm trying to say you know also when you
get to a certain size Point your
playbook has to change just for
scalability purposes so that was an
amazing treat to hear from shark and the
other members of our team my reaction to
each one of these five Secrets be
precise with your
entries after the day after important
trades you're going to have to be
self-critical
and you have you're going to have to
dive deep into your entries and your
exits and you're going to be bringing up
charts like this and reviewing trades
like this and looking for better entries
and exits you're going to be marking up
charts like this and going over your
exact entries and exits and looking for
more precise entries and exits
and what do we mean by that specifically
what does SNB mean about being precise
what we mean by that is asking questions
like what was the exact entry to the
penny that was optimal what was the
Catalyst for your entry on your charts
or your level two or indicators exactly
to the penny where could you have added
responsibly to a trade that was working
to the penny what was your stop for each
entry be precise be specific to the
penny practice as much as possible what
exactly do you mean by practice as much
as possible Bella scalp watch back film
of your level two experiment with
different trading strategies with Edge
so if you're scalping you want to get a
bunch of quality and Jeff Holden does a
great job teaching highquality scalps in
his Trader development 11: am mentoring
session which we hold here at the firm
daily for students at at SB inside
access and DNA and the winning Trader
and all our guys here high quality
scalps and then after you take them
record your screens and go back go back
and watch them again just like a
professional athlete watches film our
Traders go back and watch film of their
trading get those reps in with high
quality scalps get that practice in on
this particular strategy and and then
play it back experiment with different
strategies with Edge and
here we expose our traders to many
different trades with Edge and we say
try them experiment with them we don't
just teach people how to scalp we teach
people lots of different ways lots of
different trades to make money these are
trades that are being used on our desk
by our traders who are making money
consistently in markets and we'll add to
trades when certain trades are working
better and we'll subtract when certain
trades go out of favor but we're we're
we're giving Traders a vast
comprehensive playbook for them to try
of different types of Trades and then
when you when you do that you should
find your trading Niche building from
your unique strengths so you're going to
try these different types of Trades and
you're going to notice which ones are
best for you which ones make more sense
for you which ones are building on your
unique talents and strengths and you're
going to build your playbook from your
strengths and after that you'll join a
team to work more intensively on your
trading Edge at
SMB and then after that you'll build
technology to assist in trading more and
bigger your trading Edge we're
practicing specific strategies we're
exposing our traders to different
strategies we're reviewing them we're
working collaboratively on them we're
refining them we're honing them we're
we're building technology to trade them
better we're practicing as much as
possible Bella teach me what you mean by
differentiate trading
ideas there's a concept at
SNB we say raise the floor we mean get
better make more month over month on
easy money scalp trades try and make
$55,000 a month on easy money scalp
trades try and make $10,000 a month on
easy money scalp Trad after you've made
5,000 try and make 20,000 after you've
made 10,000 try and make 30,000 after
You' made 20,000 our top Traders here
can make $200,000 a month in Easy Money
scalp trades that's their floor that's
the expectation for them to be able to
make no matter what the market is they
should be able to pull money from
markets with easy money
scalps and then from
there there are big trading
opportunities
on top of the floor
90% comes from a few trading
opportunities each month for our Elite
Traders on top of the
floor you can't miss your A+ trading
opportunities and so scalp away raise
your floor and then be cognizant as
shark said of the really big trades of
the really big opportunities of the Home
Run trades where you swing the bat hard
all right but only after you have a a
pretty nice floor in of scalping of
trading in and out of making cash flow
your focus is different at the start and
there's a path that you're going to go
through as a Trader you're going to
start with building a strong Foundation
next you're going to experiment with
different trading strategies with Ed or
or you will if you're at SMB you're
going to build your playbook in a niche
that emphasizes your unique strengths
next you're going to join a
team and you're going to focus on team
training to hone your Edge next you're
going to focus on becoming a
consistently profitable Trader next you
build technology to improve your Edge
then you're going to work on
sizing notice how long it took to get to
work on sizing then you're going to
expand your playbook you're going to
you're going to be trading different
types of setups with different types of
products in different types of ways
you're going to trade more products
perhaps you start with just stocks and
then next you'll trade stocks and
options and then after you're only
trading stocks and options you'll trade
stocks options and Futures but you need
to be able to evolve and add different
products to your trading along your path
to becoming your best Trader and then
you need to express your trading edge
with more sophistication so maybe you'll
get involved with some complicated
hedging strategies with options there's
this path and as shark said shark is
focusing on different things than a than
a new Trader and rightfully so your
focus is different at the
start summarizing those five Secrets
Revealed be precise with your entries
review precise entries after the close
daily practice as much as possible
differentiate trading ideas your f focus
is different at the start let me give
you three resources to take home devour
and start to help you make significant
improvement with your entries and exits
there's a video on our SMB YouTube
channel how to time exact entries and
exits by by bar analysis great resource
there's a video on our SNB YouTube
channel The Ultimate Guide to exit
strategies prop trading firm Secrets
Revealed excellent
resource in our training course SB DNA
and in SNB Insight access you will go
through the Playbook exercise you will
go through Trader development every day
at 11:00 a.m. where during both of those
classes you're going to be going
over recent examples perhaps trades made
that day particularly in Trader
development of the best entries and
exits for the best stocks to be in for
the best trades to be in thanks for
staying until the end we promised you an
SMB Challenge and here it is focus on
reviewing your exits and entries after
each close mark up your charts where
could you have entered better what was
the Catalyst for the better entry how
could you have added size and with what
specific stop where could you have
exited better what was the catalyst for
the better exit measure at the end of
the month in your monthly review when
you do your trading stats we do them in
Trader viiew whether your entries and
exits are
improving that is the SMB challenge for
you to start getting significantly
better in your entries and your exits
from all of us at SM SMB train and trade
well so you're an active Trader not
doing as well as you want not doing as
well as you deserve and you just can't
figure out why you can't become
profitable no matter how hard you try
well let me show you why this is your
competition the traders in this room
this room right here is full of elite
Traders some of whom are making seven
and even eight figures a year in fact
our top guys have made nearly 20 million
each in net trading profits in a single
year let's head to my office so I can
share more so you're probably used to
seeing videos of lavish fish Trader
Lifestyles trading gurus trading off of
a laptop for an hour a day heck maybe
even 15 minutes a day and then them
relaxing on some secluded beach for the
rest of the day well all I can tell you
is that our Traders train like pro
athletes they live and breathe the
markets and are continually working on
their trading skills because at our firm
that's what we found it really takes to
make it in this game I'm Mike Bella Fury
co-founder and managing partner of S&B
Capital One of the world's top
proprietary trading firms located in
Midtown Manhattan and we're always
looking for trading talent to hire and
develop and not just to trade in-house
on our desk but also to trade from their
own home entirely using our firm's
capital and we have numerous Traders
doing just that allowing them to make
upwards of seven figures trading the
firm's Capital without risking their own
money but to even get a shot at
something like that you need to have the
right training that's why we're doing a
new free online presentation in which we
share how you can get an interview with
SMB to become an in-house a remote
Trader trading firm Capital without
risking yours and getting access to all
of our firms coaching and resources and
the best part you don't have to be a
profitable Trader yet in fact we prefer
to mold profitable Traders with our
methods and our techniques that's why we
have just three simple criteria that can
earn anyone an interview we're looking
for highly ambitious and determined
traders who fit our culture first and
foremost so if you believe that could be
you sign up for the free 1hour online
presentation by clicking the link that's
in your top right corner of your screen
now for
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