This Is What a Pro Trader
Looks Like!
Mike Bellafiore
Author of The PlayBook
Author of One Good Trade
Co-Founder SMB Capit...
SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB
TRAINING offers a number o...
Congratulations!
SMB Builds Profitable Traders
SMB Trading Philosophy
• Trade the Stocks In Play
• Utilize the Principles of Elite Performance
• Get Better Everyday!
• H...
What We Will Accomplish Together
• Slice of how to improve as a trader
• Present Best Practices of Real Pro Traders
• Evis...
The Misinformation Campaign
• This might be you!
The Misinformation Campaign
• The Phantom News Edge
• Trader Disneyland
• Market Calls = Big $
• The right pedigree is man...
The Brilliant Market Mind
• This company is better than that company
• Who cares?
• What does that have to do with trading...
The Phantom News Edge
• Reading an article online is not a news edge
• My experience hiring experienced traders
• Most do ...
Here is a trading news edge
• 85k on research
• Read everything
• Find patterns for how big traders will react
• The marke...
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...
A Real Pro Trader- PTO
• “I really want to be a successful trader.”
• TO competes
• Walk on the desk afterhours and he is ...
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 metho...
How The PlayBook helps
1. Find the best setups for you.
2. Eliminate the trade not worth your intellectual,
emotional, and...
Making a Trading Decision
• The Big Picture
• Intraday Fundamentals
• Long-term Technical Analysis
• Intraday Technical An...
Building A Playbook Entry
• Title
• Strategy Description
• Big Picture
• Intraday Fundamentals
• Long-term Technical Analy...
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
• Less...
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
• Work...
The Daily Gratitude Exercise
• Please close you eyes- 3 things gr8ful?
• Each day list 3 things for which you are gr8ful
o...
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
• mbellafiore@smbcap.com
• smbu.com/blog
Trading Fundamentals
Things Great Traders Do and Never Do
Visit us at www.topsteptrader.com, email at info@topsteptrader.c...
SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training.
SMB TRAINING offers a number o...
John Hoagland
Director of Scouting
30 Year
Futures
Industry
Veteran
Started as
a runner
Traded
proprietary
and self
funded...
TopstepTrader
Find and develop top trading talent to introduce to
our equity partner for funding
College of Trader Develop...
Trading Fundamentals New Traders Must Master
Develop a trading plan
Take time to find a market that suits you
Keep it simp...
Trading Fundamentals New Traders Must Master
Market states change
quickly
The market is telling you
what it will do
Market...
Trading Fundamentals New Traders Must Master
Trade frequency/time frame
Trade sizing
Are you over trading?
Know your
limit...
Journal
Journal
Journal
Journal
Know
yourself
and your
psychology
Understand
your
emotions
Consistent
review of
your resul...
Trading Pitfalls New Traders Should Avoid
Trading the Money
Removes focus
from market
information
Impossible to
make ratio...
Trading Fundamentals New Traders Must Master
Trading
too many
markets
Divides attention
Promotes
overtrading
Become an
exp...
Trading Fundamentals New Traders Must Master
Becoming emotional
about trades
Keep your ego
in check
Get used to it
You wil...
The Most Important Moment in My Trading Life
Learn Market Profile
Understanding of Auction
Market Theory
Points out accept...
30 Minute Chart Market Profile
The Bell CurveBuilding the ProfileCandlestick
Visit us at www.topsteptrader.com, email at i...
20% off any
Combine for new
recruits
Use Scouting Prospect Code
COMBINE20 when checking
out.
www.topsteptrader.com/combine...
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Webinar–“Trading Fundamentals: Things Great Traders Do and Never Do” with Mike Bellafiore and John Hoagland

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Webinar–“Trading Fundamentals: Things Great Traders Do and Never Do” with Mike Bellafiore and John Hoagland

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  • What would it feel like to be him?
  • Webinar–“Trading Fundamentals: Things Great Traders Do and Never Do” with Mike Bellafiore and John Hoagland

    1. 1. This Is What a Pro Trader Looks Like! Mike Bellafiore Author of The PlayBook Author of One Good Trade Co-Founder SMB Capital, SMBU
    2. 2. 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.”
    3. 3. Congratulations!
    4. 4. SMB Builds Profitable Traders
    5. 5. SMB Trading Philosophy • Trade the Stocks In Play • Utilize the Principles of Elite Performance • Get Better Everyday! • How good can you be?
    6. 6. 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
    7. 7. The Misinformation Campaign • This might be you!
    8. 8. 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
    9. 9. 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
    10. 10. 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!
    11. 11. 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
    12. 12. The Financial Media News Complex
    13. 13. Trader Disneyland
    14. 14. Trader Disneyland continued • This guy is better than me!
    15. 15. How do you become like him?
    16. 16. 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?
    17. 17. 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
    18. 18. The Playbook: How to Think Like a ProTrader; Methodology for your trading
    19. 19. 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
    20. 20. How The PlayBook helps 1. 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.
    21. 21. Making a Trading Decision • The Big Picture • Intraday Fundamentals • Long-term Technical Analysis • Intraday Technical Analysis • Reading the Tape • Intuition
    22. 22. 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
    23. 23. Risk Management • Build your PlayBook • Ferret out your A+ trades • 30% intraday trader, 2-5% Swing trader
    24. 24. The Upside Down Trader
    25. 25. 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
    26. 26. There is always a Market Tuition p. 359
    27. 27. 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
    28. 28. The Daily Gratitude Exercise • Please close you eyes- 3 things gr8ful? • Each day list 3 things for which you are gr8ful o new son and my wife o Privilege to do what I love o For Phillip’s invitation to speak with you *Being more gr8ful improves your trading
    29. 29. Gratitude
    30. 30. One more of Lukey and Dad
    31. 31. •Conclusion
    32. 32. Trading’s Most Important Lesson "You can be better tomorrow than you are today!" Mike Bellafiore, The PlayBook
    33. 33. Contact me • @mikebellafiore • mbellafiore@smbcap.com • smbu.com/blog
    34. 34. Trading Fundamentals Things Great Traders Do and Never Do Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    35. 35. 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.”
    36. 36. 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 Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    37. 37. 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 – Evaluation A 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. Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    38. 38. 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 Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    39. 39. Trading Fundamentals New Traders Must Master 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 Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    40. 40. Trading Fundamentals New Traders Must Master Trade frequency/time frame Trade sizing Are you over trading? Know your limitations and trade within your means Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    41. 41. Journal Journal Journal Journal Know yourself and your psychology Understand your emotions Consistent review of your results Focus on being a trader-not just making trades Trading Fundamentals New Traders Must Master Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    42. 42. 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 Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    43. 43. Trading Fundamentals New Traders Must Master Trading too many markets Divides attention Promotes overtrading Become an expert in one market before expanding Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    44. 44. Trading Fundamentals New Traders Must Master Becoming emotional about trades Keep your ego in check Get used to it You will be right You will be wrong Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    45. 45. 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 Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    46. 46. 30 Minute Chart Market Profile The Bell CurveBuilding the ProfileCandlestick Visit us at www.topsteptrader.com, email at info@topsteptrader.com or call 312.252.9490
    47. 47. 20% off any Combine for new recruits Use Scouting Prospect Code COMBINE20 when checking out. www.topsteptrader.com/combine Please contact info@topsteptrader.com or 312.252.9490 with any questions. Thank you for attending this exclusive webinar from TopstepTrader and SMB Capital.

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