The 5 Secrets of a Verified 8-Figure Trader

Summary

In 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

00:00

💼 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.

05:02

📈 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.

10:05

🚀 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.

15:07

🌟 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.

Keywords

💡Elite Traders

Elite Traders refers to a group of highly skilled and successful individuals in the trading world who consistently achieve significant profits. In the video, the speaker mentions learning from Elite Traders at SNB, a proprietary trading firm, emphasizing the importance of mentorship and learning from those who have achieved high levels of success in trading.

💡SNB Capital

SNB Capital is mentioned as a top proprietary trading firm located in New York City since 2005. It is portrayed as a place that develops high-performing traders and offers a culture of continuous improvement and learning. The video script suggests that the advice and strategies shared by SNB Capital can help traders grow their accounts and become more profitable.

💡Risk Reward

Risk Reward is a concept in trading that refers to the potential loss versus the potential gain on a trade. The video emphasizes the importance of improving one's risk-reward ratio with the advice given, which can lead to more sustainable trading and less stress. It is a core principle that traders are advised to focus on to ensure that the potential reward outweighs the risk taken.

💡Consistently Profitable

Consistently Profitable refers to the ability of a trader to make money in the markets over a sustained period. The video discusses the advice from an eight-figure trader that can help others become consistently profitable, indicating that there are specific strategies and principles that, when followed, can lead to long-term success in trading.

💡Scalping

Scalping is a trading strategy where traders aim to profit from small price changes in a security over a short period of time. The video mentions scalping as a practice area for traders to hone their skills and precision in entries and exits, which is essential for success in this fast-paced trading approach.

💡Playbook

A Playbook in the context of the video refers to a set of strategies and tactics that a trader uses to make trades. It is mentioned that traders at SNB Capital are encouraged to build their own unique playbook based on their strengths and the strategies that work best for them, which is a key component of their development.

💡Precision

Precision in trading refers to the exactness and accuracy of a trader's entries and exits. The video script highlights the importance of being precise with entries, suggesting that this is a key aspect of successful trading and a principle that is emphasized in the advice given by the eight-figure trader.

💡Team Leader

A Team Leader in the context of SNB Capital is a consistently profitable trader who runs a team. The video script mentions that each team at SNB has a team leader who conducts monthly reviews, indicating the hierarchical structure and mentorship model within the firm that helps in the development of junior traders.

💡Monthly Review

Monthly Review is a process where traders at SNB Capital review their performance over the past month, identify what worked well, and areas needing improvement. This is part of the firm's culture of continuous learning and development, where feedback from senior traders and team leaders is given to help traders improve.

💡Swing Trading

Swing Trading is a trading strategy that involves holding positions from a few days to several weeks, aiming to capitalize on short-term price movements. The video script mentions the importance of not missing A+ trades, which could be considered high-potential swing trades where the trader should be willing to take on more risk for potentially larger rewards.

💡A+ Trades

A+ Trades refer to high-quality trading opportunities that have a high probability of success. The video emphasizes the importance of capitalizing on these opportunities by taking on appropriate risk and 'swinging the bat hard,' which means aggressively pursuing these trades when they present themselves.

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