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

This Is What a Pro Trader
Looks Like!
Mike Bellafiore
Author of The PlayBook
Author of One Good Trade
Co-Founder SMB Capital, SMBU

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.”

SMB Trading Philosophy
• Trade the Stocks In Play
• Utilize the Principles of Elite Performance
• Get Better Everyday!
• How good can you be?

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

The Misinformation Campaign
• This might be you!

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

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

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!

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

The Financial Media News Complex

Trader Disneyland continued
• This guy is better than me!

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?

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

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 method where they could from each other
• Hold for the real move
• More Trades2Hold
• Substantial performance gains

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.

Making a Trading Decision
• The Big Picture
• Intraday Fundamentals
• Long-term Technical Analysis
• Intraday Technical Analysis
• Reading the Tape
• Intuition

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

Risk Management
• Build your PlayBook
• Ferret out your A+ trades
• 30% intraday trader, 2-5% Swing trader

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

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
• Works with outside coaches
• Phil Mickelson
• Traders are not different than other elites

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

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.com or call 312.252.9490

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.”

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

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.

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

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

Trade frequency/time frame
Trade sizing
Are you over trading?
Know your
limitations
and trade
within your
means

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 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

Trading
too many
markets
Divides attention
Promotes
overtrading
Become an
expert in one
market before
expanding

Becoming emotional
about trades
Keep your ego
in check
Get used to it
You will be right You will be wrong

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

30 Minute Chart Market Profile
The Bell CurveBuilding the ProfileCandlestick

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.

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

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