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Showing posts from September, 2013

SMB Capital at Indiana U: aspiring traders, take note

SMB Capital's Mike Bellafiore shares some lessons with aspiring traders at Indiana University in this video presentation from 2011.



I recently shared this video on Twitter and am including it here with added notes. Why? Because I follow Mike (author of One Good Trade and The Playbook) and SMB Capital on StockTwits and often recommend their valuable posts and videos to friends and fellow traders.

If you're new to stock trading, or are curious about the life and work habits of full-time traders, have a listen. Bellafiore shares his experiences, from starting out as a prop trader to managing his own firm, and engages in some Q+A (and light verbal hazing) with the students throughout the talk.

Some key quotes and highlights from Bella's presentation:

● Recalling his own transition from disillusioned law student to novice prop trader, Bella cites Drive author, Daniel Pink's advice to "do what you do." In other words, make a full-time gig out of the thing you are alre…