Prop Firm Trading & Performing Like A Pro - Mike Bellafiore

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Etienne Crete - Desire To TRADE

Etienne Crete - Desire To TRADE

Күн бұрын

📈 FREE Case Study "Quitting Your Job To Trade Full-Time": d2t.link/case-study
In episode 212 of the Desire To Trade Podcast, I sit down for a 2nd time with Mike Bellafiore, the co-founder of SMB Capital, a well-known proprietary trading firm based in New York, USA.
Watch the 1st interview with Mike Bellafiore: • Mike Bellafiore: Trade...
As some of you may know Mike and SMB Capital help sponsor Traders4ACause which is a charitable organization focused on value. They make a yearly conference in Las Vegas in which all proceeds are donated to a set of charities. If you want to assist to the next event, get great trading related value and networking and help a good cause you can check out the event, register and donate at traders4acause.org/
Mike is also the author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading and The PlayBook: An Inside Look at How to Think Like a Professional Trader.
SMB Capital’s trader-training program was highlighted in the TV documentary Wall Street Warriors. His firm has appeared regularly on CNBC’s Fast Money, CNNMoney, Bloomberg, and Fox Business.
I first heard of Mike Bellafiore and SMB Capital through Mike's first book called One Good Trade. It describes how things are done in a proprietary trading firm and provides real stories of traders who had or hadn't what it took to thrive in this world of trading. I highly recommend the book!
Mike has a lot of experience working with traders and came to understand what made them successful. He also knows what the learning process looks like for a trader.
Are you ready for it?
Check out the Desire To Trade Merch: bit.ly/2ySpeJ7 (use the promo code KZfaq10). All profits go to charity.
// SOCIAL
Forex Trader Community (Facebook Group): bit.ly/2esoMYj
Facebook: / desiretotrade
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker: d2t.link/axitrader
Best Platform: desiretotrade.com/tradingview
Backtesting Tool: desiretotrade.com/soft4fx
VPS (for algo trading): desiretotrade.com/vps
Trading Journal: desiretotrade.com/journal
// MUSIC
David Cutter Music - www.davidcuttermusic.com
Andrew Applepie - andrewapplepie.com/
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
// AFFILIATE
The camera I use (Canon EOS M6) geni.us/9ZQgs
GoPro: geni.us/nIXw
The tripod I use: Sirui 3T-35K geni.us/lpJq
What I use to edit: Final Cut Pro (Mac)
AFFILIATE LINKS
Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn't affect you in any way in the checkout process (I'm sometimes even able to arrange a discount for you that is special from other customers).

Пікірлер: 58
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
What's your main takeaway from this interview?
@167luiscarlos
@167luiscarlos 4 жыл бұрын
Etienne Crete - Desire To TRADE He loves the “Tech”
@dang9716
@dang9716 4 жыл бұрын
Etienne I want to buy a hoodie, but the teespring timer ran out, it's at 00:00:00:00 what do I do?
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
@@dang9716 it should go back up for the next printing :)
@CrazyBear_15
@CrazyBear_15 4 жыл бұрын
1. Sample to find your strengths. 2. Focus on capitalizing on that strength. 3. Keep improving (never be satisfied, always want more)
@Skibbidyboobop
@Skibbidyboobop 3 жыл бұрын
That you didn't actually interview this guy. Decent cut job though.
@casholiciousbutterscotch8591
@casholiciousbutterscotch8591 4 жыл бұрын
I haven't even watched the video yet, but, it gets my immediate thumbs up, Mike B is a boss.
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
Ah awesome!
@superswingtrader5388
@superswingtrader5388 4 жыл бұрын
The great Mike Bellafiore. Enough said.
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
Thanks for the comment!
@msarria
@msarria 4 жыл бұрын
Great interview! Mike is awesome.
@marcelvanderwalt9337
@marcelvanderwalt9337 4 жыл бұрын
Mike is great but how do I join him.?
@dalliboyrt9927
@dalliboyrt9927 4 жыл бұрын
Wow... Mike is my fav😃😃❤️🙏
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
Awesome to hear!
@samwalden315
@samwalden315 4 жыл бұрын
Love Mike!
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
Awesome to hear!
@jesseliverless9811
@jesseliverless9811 4 жыл бұрын
Damn Bella is going really aggressive recently on the interview scene. In a few months I've seen him with TierOneTrading, Bear Bull Trading, ChatWithTraders, Traders4ACause... The education market must be getting pretty juicy, probably compensating the lack of volatility on the markets.
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
I believe it's part of his job to get out there.
@andreasmelkersson3592
@andreasmelkersson3592 4 жыл бұрын
During the next financial crisis, some volatility will come back. You don't seem to understand why the firm was created. I know why, you don't :').
@brandonvillatuya9539
@brandonvillatuya9539 4 жыл бұрын
@@andreasmelkersson3592 some? 2020 gave some crazy volatility
@magellanprivatewealth9473
@magellanprivatewealth9473 3 жыл бұрын
HAha
@AustinSilverFX
@AustinSilverFX 4 жыл бұрын
Im bout to get Mike on my show too. One of the legends
@BigWickTraders
@BigWickTraders 10 ай бұрын
You can kind of figure out what the questions are by how he answers them.
@brucesmith6868
@brucesmith6868 4 жыл бұрын
Think M.B. is out scouting for the best new traders , so he is hitting up the best training groups. Maybe opening up a forex division ? Very sharp man lots of great advice but I think he is setting up for a big move.
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
Thanks for the comment, Bruce! Let's see :)
@nayanmipun6784
@nayanmipun6784 4 жыл бұрын
Is SMB only for stocks?
@mylove1618
@mylove1618 4 жыл бұрын
Black shirt 😎
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
Excellent! 👌
@arniearnie3951
@arniearnie3951 4 жыл бұрын
Etienne do you think , it is not possible to beat machines with brain on daily basis ?
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
I'd say yes. But it's better if you combine both the power of your brain with the consistency of machines
@DD-lm1gv
@DD-lm1gv 4 жыл бұрын
Is reading "One Good Trade" worth it?
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
Absolutely!
@DD-lm1gv
@DD-lm1gv 4 жыл бұрын
@@DesireToTRADE I couldn't find it on audiobook. If I read books vs listen to them, usually they have to be important because of the time required.
@Bellaworld59
@Bellaworld59 4 жыл бұрын
What is the name of firm owned by mike
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
SMB Capital
@arttorrez5548
@arttorrez5548 3 жыл бұрын
Thanx for the great interview Etienne. I'm a self taught quant trader for over 5 years now with a very very successful system. I'm not sure why a good trader would need to work at a prop firm if I can easily compound my principle into a million dollars in a short amount of time. I know it could provide me much larger initial starting capital, but having to go through their hoops with their antiquated 100+ year old training curriculum just makes me cringe. I've developed a completely new cutting edge trading technology that they would not even understand and I would just end up teaching them. No disrespect to you or MB but the old trading technology really is antiquated my friend.
@justgjt
@justgjt 4 жыл бұрын
So why does Mike and his firm not trade FOREX ?
@hoodrich4375
@hoodrich4375 4 жыл бұрын
Little to no edge
@runituplor2
@runituplor2 4 жыл бұрын
@@hoodrich4375 thats the funniest thing I've ever heard. To have an edge in forex, 1. Find a very accurate strategy, 2. Backtest it for days and study almost all of those trades if you can 3. Work on getting a precise entry, 4. Less is more in forex ;) I've been trading for 3 years and found a good strategy. I made it into an algo and now I dont work at all.
@Investingarea
@Investingarea 4 жыл бұрын
Hello Etienne, Can you answer me about this question? I'm a stock investor (long term investing). Can you tell me if prop firm trading exists for long term stocks investors ? If it exists, can you give me some adresses. Thank you in advance. Julien
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
I'm not sure for stocks as I don't trade those. Perhaps look into Fundseeder
@Investingarea
@Investingarea 4 жыл бұрын
@@DesireToTRADE Thank you very much. I listen your interview with Jack Swagger and I will see in this way.
@shubhambajpai7365
@shubhambajpai7365 4 жыл бұрын
WHY DOES SMB & MIKE DONT TARDE FOREX ??
@Alexter6277
@Alexter6277 4 жыл бұрын
They do trade but they are focused on Futures, Stocks and Options. They likely have Forex trades often on the Futures and Options markets.
@kroduxion
@kroduxion 3 жыл бұрын
So to make 8 figures a year, you'd probably need a 10 million USD account
@renebleu8711
@renebleu8711 Жыл бұрын
Way more than that.
@round12tko
@round12tko 4 жыл бұрын
Scouting for new trading talent is everywhere but why would you work for an a$$hole who steal your strategies and pressure you relentlessly to make more money when you can make millions on your own.
@AustinSilverFX
@AustinSilverFX 4 жыл бұрын
facts
@andreasmelkersson3592
@andreasmelkersson3592 4 жыл бұрын
Well, gimmie a call when you have buying power equal to 10,000,000 dollars. Strategies come and go. Making millions on ur own without elite coaching is very hard if not impossible. But gl!
@DD-lm1gv
@DD-lm1gv 4 жыл бұрын
Why is he an a-hole? Also, if you are starting out his firm looks like a good place to learn. What wrong with learning to trade on a prop desk?
@barrychatman
@barrychatman 7 ай бұрын
I think it's more so the structure of the team that matters the most in a prop firm I don't think it's stealing Im seeing it more as for the team why not have 20 minds advancing one strategy to make millions vs 1
@ssuubiibrahim4725
@ssuubiibrahim4725 4 жыл бұрын
Ur content is good but ur videos are too long work on that
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
Okay...feel free to have a look at the shorter videos: kzfaq.info/sun/PLwmpbNUnTt6gKTyI6GqMI3LDeAMacq0Ao
@antonulybin389
@antonulybin389 4 жыл бұрын
No way. About 45-60 minutes are best for serious inteviews. You just can't transfer enough information about trader, his/her backstory, method and opinions about different techniques in 30 mins
@DesireToTRADE
@DesireToTRADE 4 жыл бұрын
@@antonulybin389 people I interview always open more after 20 mins or so... because they get more comfortable.
@MrQmason
@MrQmason 4 жыл бұрын
Keep em long....... tons of nuggets in them. Thanks
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