Prop trader on what it is really like to be a prop trader

[@smbcapital]

Apply to SMB Capital here: smbcap.com/careers

[@Thetraderchick]

Great video, very inspiring. A great proof that anyone with a nice amount of practice and dedication can make it.!

[@holbrook-ul9cf]

Absolulu

[@416street]

Insane, huge congrats on your goals and everyone else' goals aswell

[@smbcapital]

thx!

[@PortCapital]

Great info max. I really like how humble and mature all the traders are at SMB. Nice change from my usual twitter/stock twits non sense.........

[@dwayne9959]

Mad respect for all the traders who didn’t go to school or work for a bank ect. Whole different world but still great interview

[@frescoinspections]

exactly what im doing, these dudes are the rich dudes that have went through tons of school and shit. still no issue with that

[@seancollins1734]

Amazing video! I liked how Max explained the potential price move defined as RVOL * ATR

[@smbcapital]

Thx Sean!

[@FREEDOM-w5x]

It would be a dream to work in New York as a financial trader.

[@rickyastudillo5558]

"Today could be very special, you are in full control of how well you do"

[@followthemoney4525]

How does one gain a mentor and truly learn the process? What is your selection process? Does the person have to have an extensive trading background or is that something you all are willing to teach and foster.

[@smbcapital]

they don't need extensive trading background but they should be showing interest and progress tracking their trading. We prefer to teach college students as they are easy to teach and haven't been locked in certain mindsets.

[@followthemoney4525]

@@smbcapital how about a 32 year old military vet with 6 months left on his contract lol

[@markmcgwiresbackne5705]

These guys are great & if your looking for some other good content check out Stacey Burke trading. Will help you with setups, reading market structure , Hi Bull/Lo Bear, cashing the box, daily,weekly market cycles etc... stuff I think that is "insider baseball" at SMB centered around market making. Anyway, once you learn the game is setup to trap volume [ you]run stops to highs and low's through false breakouts and reversals then breakout/trend.... and be able to identify all of it, pull it all together into your own trading style/plan, then you got a shot. Good luck.

[@tradelogikk8182]

@@followthemoney4525 start by taking their training, DNA of a Trader and the Winning Trader. These are courses you must pay for. Wait for a sale. This will teach you how they think and their culture. If you succeed with that you will have huge leg up to getting in the back door so to speak. You get to learn from pros and they get to see that you're serious and have a peak at your work habits beforehand. They also have a program that is essentially a 3 month live test of your trading and work habits. Prove yourself and perhaps you can earn a seat on the desk.

[@RedCandles_]

I already have an edge and a couple months of forward test data + a track record that I'm continually building (trading since 2016) I would love to trade for a firm but I live in Alabama. There really isn't anything here except a couple of churn and burn shops in Birmingham. I really don't know what to do, all I want to be is a successful trader.

[@georgekatcharava6087]

great accomplishment for 22 year old! just super!

[@smbcapital]

We agree! He's going to be a huge trader

[@limbicskew]

Just a heads up... a lot of prop is not like SMB. Many have much more fixed structures of how/what you trade etc. Firm culture is wildly important and varies greatly in prop so be careful before you comitt to any firm etc. MAKE SURE you read the fine print on how they treat capital/risk. Don't get got.

[@smbcapital]

Yes always important to do your due diligence before going to one. We like to pride ourselves on not being like the others.

[@sandstorm973]

Massive value here! Thanks!

[@smbcapital]

Glad it was helpful!

[@Vahj-Loveuar]

LMAO! These videos are like EVENTS! I gotta clear the schedule and prepare! Its awesome!

[@smbcapital]

i guess that's a good thing!

[@KT-zx9jr]

Well stated Matt and Mike. Great work and much appreciate! Merry Christmas and have a nice pre holiday season!!

[@smbcapital]

Happy holidays!

[@KT-zx9jr]

@@smbcapital Likewise and for all the best n 2022!! May it be a year of well timed and closed / profitable trades. Take care, Kirby.

[@andyatmosphere]

Its not about the money, its about the challenge!

[@chidexkofi]

U nailed it bro

[@dukelionheart5431]

30mil? Wow. Would love to work with traders like that. That's nuts.

[@jamesedwards8308]

Why do your videos never address the SP futures? Since 1999 I have successfully traded the ES contract. It is more involved than the technical descriptions I view on this channel. The leverage is outstanding. The support from the FED is always there. The tax issue is excellent. As an economist, and full-time trader I'd like to ask SMB why you do not address the ES contract.

[@gauharsingh7015]

Economist and full time trader ? How does that work ?

[@oceanblue2386]

Easy answer. What percentage does ES go up each day? What percentage can a stock go up each day?

[@panzercommander]

@@oceanblue2386 your easy answer is wrong. Relative % don’t mean anything if you don’t take into acount leverage (where futures shine)

[@panzercommander]

I believe they specialize in stocks and stock options… different process than futures. (Earning reports, analysts ratings, company news, so different catalysts than ES which rely more on macro news) among other things. If you want future based content look up axia futures

[@coop1247]

They have a futures desk, as well as an options area of the business, but stocks are the bread & butter of the firm I'd imagine. Futures isn't for most people I'd say, even though I am personally a fan and agree with parts of what you said, can you imagine a full roster of traders (many without extensive experience) trading ONLY futures??? Seems like a risky biz for a prop.

[@laminjassey4572]

Does SMB have training camp for aspiring traders? Like a school some sort of?

[@Sam-DayTrading]

I am thinking to join you guys.

[@leannsofilos725]

Very helpful video and great Q & A!

[@tuckebarry]

Thank you Max! Great advice

[@smbcapital]

Glad it was helpful Tony

[@EliteTradingHub]

Thanks for the inspiring video :) Im currently doing the 100k my forex funds challenge. Ive started with losses so this has motivated me!

[@smbcapital]

Best of luck!

[@ronnymesias7788]

keep going, i beat the challenge and now onto the verification part on my second attempt. stay persistent yasmin

[@frescoinspections]

@@ronnymesias7788 hope all is going well

[@ronnymesias7788]

@@frescoinspections all is well🙌 passed 2 weeks ago and now the real work begins!

[@frescoinspections]

@@ronnymesias7788 keep going fam!

[@jkfitness9801]

Would be cool if u guys did live stream trading

[@smbcapital]

wish we could but I think compliance would freak out on us. We have to adhere by industry regulatory standards.

[@jkfitness9801]

@@smbcapital there's a prop firm in Canada that does it not sure if there's different rules there

[@totorina4353]

Great video , Im future trader , how can I join your courses .thank you

[@Robert-wb8ok]

Thank you guys so much!

[@smbcapital]

you bet!

[@razzyp3999]

Like Max good kid works hard! Wish him the best.Love to meet him one day and pick his Brains that would be great! 😊👍

[@smbcapital]

maybe one day!

[@kingshukbarman5930]

I'm a collage student from India,,,how can I get Into smb capital?

[@brianhamm7686]

Do prop firms hire remote traders?

[@nickh2053]

Some do, some don’t.

[@hector5749]

They have remote traders

[@iSyre]

Yes. Many do. T3, hold bros, trillium, I think Jane Street did for a bit too.

[@smbcapital]

yes we have remote traders. Many start with us in-house and move remote. We have about 4 guys in florida. Some like to do in-office / remote hybrid

[@alexandersoroko7475]

If I am 22 years old, not from USA or even Europe, just got my bachelor's degree in economics, is it possible for me to get funded from you and start trading remotely or get a seat in your office? I have found out about the stock market 4 years ago just because of your firm, but have traded poorly live only for 6 months yet. I have a great passion for trading and will do everything needed to start working for you.

[@raghavgupta677]

Can atr be used for small cap stocks too as atr will be very skewed bcz these stocks dont move everyday

[@smbcapital]

It can be helpful but yes sometimes the moves are too big vs recent price action to be reliable. You can look at past moves the stock has made where there was a news release to see the potential of what type of moves to expect

[@raghavgupta677]

@@smbcapital okayy thankss

[@oceanblue2386]

Do the profit splits change as the trader becomes more successful?

[@gwills9337]

no but they get access to more size

[@allthefukin7549]

@@gwills9337 ur wrong

[@finlayhague9198]

Do you take any overseas remote traders? I’m from the uk and am under 20 and super passionate about trading, been trading for around 8 months now.

[@smbcapital]

we have hired overseas, not typically

[@finlayhague9198]

@@smbcapital thanks for the reply, what is the application process like for overseas traders?

[@canceloalvarez40]

Simply amazing!

[@mshahjahan8029]

I don't know why I can't develop a taste for training there is so much written and said that trading is not sustainable and you should go for investing but videos like this...... don't really know how much real this is

[@yasirali709]

Great work

[@smbcapital]

Thanks

[@rustyshackleford9637]

Hard to take someone wearing an N95 mask on a zoom call seriously. Great information from the keynote speaker.

[@toprankinvesting5538]

Amazing...🙌🙌💯✨

[@smbcapital]

Thank you 🙌

[@AlkalineHeads4047]

he could trade on his own correct?

[@smbcapital]

He could if he wanted to but Max has access to millions in buying power and many other resources the firm provides

[@Virlo]

But why trade for a prop etc. When you can make that much? You can do it yourself and keep everything and make millions..?

[@followthemoney4525]

You use there capital. I’m sure once guys get successful enough they leave and trade there own capital

[@Virlo]

@@followthemoney4525 if you get 50% what you trade or a bit less and you make 250K and 500K per month.... you can quit already and trade on your own but why isn’t he doing that then..?

[@LakesideTrades]

​@@Virlo You're forgetting about the propietary tools, on-site trading pyschologists/coaching, team dynamic, risk management assessors, the list could go on....many people cannot handle trading on their own and the mental/psychological/emotional impacts it can have to trade alone in your apartment all day. Prop firms provide a structure around your routine, accountability and trading.

[@smbcapital]

It's all up to the trader. The guys who join SMB get access to the best tech, great coaching, team environments, risk manager, capital. All these things are vital to success. Some of our traders who go through drawdowns couldn't do it on their own so having a support system makes all the difference. We do realized that some traders do prefer to trade their own.

[@SG_Network]

Goat 🐐 talk 🗣

[@gallashaw6]

the video was very helpful and inspiring. I hope you continue to have success with your trading and in your life thank you

[@smbcapital]

Thank you!

[@checkthenutz]

Title should’ve been what it’s like to yolo other peoples money into tsla calls

[@smbcapital]

lol 🤣

[@javamochafrap]

Not fully true. Prop firms dont always let u trade their $. Sometimes you have to bring your own $. He also only told the upside. You lose $ and you are shown the door. What i don’t understand is why stay and split profits if you can go home and open an acct with iac or ameritrade etc and keep it all.

[@Jason-hx6dx]

Conscious or not, you trade differently when it's not your $$. I'd rather get fired than lose 100k of my personal money.

[@ab-bc2gr]

Yes that's correct. I was a member of one and you had to take your own 30k in. And pass the series 7 exam. Then they charged you $300 every month for use of their computers etc. And you were partly liable if the firm suffered losses too !!! And if you blew YOUR capital you were out ! So you could use their leverage BUT NOT their capital. LOL It was quite ingenious on their part. I would be very surprised if you didn't have to take some of your own capital to SMB.

[@SK-du4nq]

Video is inspiring but I would like to see a proof of success. Without transparent and publicly available P&L everyone can claim anything. Sorry, just my opinion, if you guys provide P&L I’ll be the first one to cheer. Good luck and cheers:)

[@jasontrapani9778]

please hire me!

[@_d0ser]

How on earth can you survive in NYC on $1-2k take home??? Yikes.

[@commitmenttoexcellence]

they say ummm too many times other then that ummm a amazing video

[@brocoli42]

i cannot see a soul in your eyes

[@edguzman7938]

umm umm a umm a ummm ummm

[@AbrahamLeanin]

ummm, uh, ummm.

[@moral6246]

ahhhh umm ahh umm ah ummm

[@youngtrader2638]

Makes sense he’s from U of M bro barely has any social skills. Can’t even speak to a screen even for his life….