How to Properly Start Trading a Live Account

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[@meo1960]

6:08-Develop a personal, specific system that matches your personality. Favor system over goals 8:15-TraderVue 8:25-Playbook Trade-Archive a setup from trading session that makes the most sense to you everyday 8:31-Create a book of charts and review over weekend 9:01-Rewatch your trading session to improve tape reading skills(use OSB to record trading) 11:19-Mindfulness training-(Headspace app) 12:15-Experiment-try different setups to see which one fits you best. 13:37-Choose a trading style that accentuates your strengths 15:35-tag and measure your trades in Trader Vue. 16:43-build your playbook 17:19-build technology 17:47-build alerts 17:58-build scripts 18:28-find indicators that help you make better trade decisions 21:53-Summary

[@tradingonthefence]

Thank you!

[@bettyp.6443]

Thank you!!!!

[@eljuanramon]

He`s giving the holy grail of trading, track data, learn the tape, ask better trader. etc, etc. SIMPLE AND AMAZING!!

[@andrewjankowski5153]

Bella!!! This video is a God send! Yesterday I was terminated from employment. Watching this video right after market close on my first Full Time Day Trading career is a true miracle and God send in the state Im in. Its truly inspiring to have such guidance and great examples such as Bella and Steve. I hope I can get to me you guys one day. It would be a true honor. A deep utter THANK YOU for providing us with such phenomenal channel out of your own generosity!!!

[@mbellafiore19]

Appreciate that Andrew!

[@AlexPotts]

I love hearing Bella cuss up a storm. Feels like my type of firm.

[@mbellafiore19]

see my note to J. Wick. it actually helps.

[@aaronsmith600]

Seriously. Watching these and then suddenly realizing you're not talking to the viewers, but the new traders sitting in front of you. Makes this channel even better

[@chuksbrian8675]

Sir, Please make a video on your typical screen time .. What you observe doing those time etc .... Like from the opening of the trade till closing .

[@nevinkuser9892]

I'd like to see a video on the diets of 7 different traders at smb capital. Food has a lot to do with productivity. What local restaurants you guys eat at/get delivered the most, etc.

[@JohnnyMatrix]

I'm re-watching this playlist for a second time now and I remember this was the video that got me to read Atomic Habits. Awesome book. Thanks for the recommendation.

[@journeywithme_erika1890]

2 years old and still relevant & valuable information! Thank you Bella!

[@a1anv]

I love your videos. Maybe they are no so exact from the price points, but its not important. What is important is that they introduce basics of the professional options handling to the newbies, and this is priceless. Thank you

[@mykaelwilliamson1478]

So unbelievably good! Coach Bella is the best.

[@stacyhollis6235]

I keep finding awesome videos from you guys! Thanks so much!

[@mitchdenman109]

Systems, systems, systems.. really takes the emotion out of trading, as it should be. Makes you operate more like a business and a science, produces consistency, and consistency produces compound gains. Thanks Mike!

[@emapaposo]

"just keep getting better" - Thank you Mike!

[@mickm4577]

Thank you - most helpful. "Embrace the power of compounding improvement "!!

[@kelseymackay6617]

what a beauty. Thanks for this coach Bella.

[@PedroPerezx]

He was like “if you don’t make a lot of fucking money, your out of here, I’m totally kidding” he’s the fucking man, he’s hella funny. Mike the goat 🐐

[@tradingonthefence]

Loved this, Mike. It helps individual retail traders like me who are yet to find some significant traction with our trading. 👍

[@basilabuto1647]

I absolutely love the book recommendations

[@williamheath8462]

Just went to Barnes and Noble and bought the book. Thank you for the suggestion and keep it up with the awesome videos😁

[@smbcapital]

thanks! It's a good read

[@razzyp3999]

Great advice will keeps video in archives and watch again and again..,...

[@Subeffulgent]

These are by far the best trading information videos and I can find online.👍

[@Jimbikk]

Best channel for day traders

[@MFM88832]

Damn your content keeps getting better despite being one of the best around!

[@mbellafiore19]

trying Faisal!

[@P4pgq10]

Love this video! Thanks for sharing with the community Bella!

[@mbellafiore19]

You are welcome GQ!

[@wakalmercedesreyes1865]

One the best advise that I have listen to make a system and try it to see it how you improve and stick from there to your set up that fit your personality thank Bella God Give you long life.

[@kahuna2]

A gold mine of excellent info. Thank you for this Mike!

[@mbellafiore19]

sure!

[@joenico6785]

Love all your content Mike, it constantly shapes my overall game

[@RaviSingh-iy1nl]

As usual, great content. Thanks for sharing. Would you be willing to do a video for retail traders who may have some experience trading, but are now starting over trying to trade your way? How do we use the data from our previous trading, or do we throw it all out, to see what we might or might not be good at? How do we eliminate previously learned bad habits?

[@mbellafiore19]

We find that independent traders find a few things that were missing and apply it to what they have learned. For example, they may not have been using RVOL, started, and now see much better results. Or for example they never used VWAP, now do, and see much better results. Generally independent traders have some goodness in their trading it just needs more variables and better application to work on a pro level.

[@simonwilliams7682]

Thank you Mike so much im working on being 1 % better each day not on the trades always but my execution of my plan if the trade is present take the trade !! win or lose manage the risk !! its hard when it does not work out !! but thats trading !!!!Thank you so much for all that you do with your amazing videos for all us retail traders out there trying to to make this work with really small accounts you are an inspiration to us all im so glad i can get better each day thanks to You Steve and Seth im trading micro lots in the uk on a spread betting account and growing the account every week !! Thank you so much i feel i can do this full time and make aliving and teach others !! one of my goals is to make enough money to come out to NYC and take you guys out for a beer or two which i would really love to do !!! im really going to do this im so close to this happening im profitable since 2016 and am trying to increase my size i will keep doing this untill i can get to a level where i am happy and feel i can keep moving up in trading size i know with your support i can do this !!!! thank you so much Happy Christmas Simon Williams ,,

[@mbellafiore19]

Come by and visit an 11AM mentoring session. Reach out to [e-mail] and ask for a guest pass. Love how you are working on execution. So important.

[@filipbednar8333]

Amazing video as always, thank you for that Mr. Bellafiore! Would love to gain an edge in higher time frame trades so would be great if you did a video on some technical swing trades. Thank you sir

[@mbellafiore19]

Gotcha. Thxs for the suggestion Filip.

[@dyn0might191]

Appreciate the videos. Appreciate the realness. Keep it up. Good for the new ones.

[@mbellafiore19]

Appreciate that!

[@stuartaitken3170]

Excellent Mike - your passion for what you do shines.

[@mbellafiore19]

Thank you Stuart!

[@woodwardcw]

As a rookie trader, I am thoroughly enjoying your content. Keep up the good work.

[@mbellafiore19]

Will do Carl!

[@WOLFTRADING]

It would be beneficial to the core educational structure of our community if you additionally focused on two or three niche specific systems per quarter, individually releasing the system's specific content on a schedule bases.. The direct dialogue was extremely powerful, giving the speaker additional credibility, which was deployed properly as it did feel like you were speaking to an audience in an actual classroom . Thank you Mike

[@mbellafiore19]

we do roll out trading strategies on our channel as they arise. I try and make one video a week. Steve as well. Hard to find the time to do this but we do. But you ought to see strategies from us often as well. Think maybe only the past two videos I talked more about how to improve and moved away from very specific trading. thxs for the note Wolf

[@brendan7258]

Thanks for this, this is fantastic advice. Really appreciate you sharing this.

[@mbellafiore19]

you are welcome Brendan!

[@ismeth3356]

Great video, thank you! Very helpful

[@tradersglobal]

As a novice intraday trader on the Futures Market, what's your recommendation on how many trades should be taken per day? Thank you.

[@etfremd]

Risk should depend on the size of your account. I would only start trading after showing consistency in the sim and the psychology of treating the sim as if it is your own money. Trade real like you trade sim money. This is like batting practice in the big leagues. You swing the same at batting practice as you swing at pitches in the game. Dont think the sim is below you as a trader. Treat the numbers as the numbers both in the sim and live accounts. It just a number. Make one good trade! How much risk? 2% of your account or bump it down to 1% to start. So with $25k PDT account its $250 to $500. If you hit a stop at $500 drop to $250 the next day. Two green days and go back to $500 risk or 2%. Share size appropriately for your level of risk and ATR. Only grow your risk once you double your account. So you can only grow risk once your account is double now $50k go back to 2% and 1%.

[@davidplyler8173]

Thank you sir.

[@danielbass1234]

Thank you Mike for this excellent content. I love it ! Thank you so much for sharing this great information .

[@smbcapital]

Glad you enjoyed it!

[@darrelldavis2463]

I needed this Thank you!

[@mbellafiore19]

you bet Darrell

[@MrRockso99]

Great video

[@rodrigoromero5785]

Thank you for posting quality content. Doesn't matter the expertise level a trader can achieve, we can always learn from each other. Keep them coming please.

[@mbellafiore19]

Seven-figure traders make significant progress with us as well.

[@godfirst6929]

Extremely knowledgeable!

[@TheRaindogger]

What are your thoughts on trading emini futures vs. stocks?

[@javierrojas8246]

Thanks for this awesome video!

[@jacksshop5120]

How do you define a Market Play as a general strategy?

[@michaeld4456]

Great video...back to school

[@mbellafiore19]

Thxs Michael

[@alishershukurov6880]

Are there any possibilities to become an unpaid trainee after purchasing DNA course without real trading account? I mean if there any non trading KPIs passing which can give a chance to become a part of SMB?

[@carlolocci5148]

Mike I am every type of trader, I trade large caps, trade low float pump and dumps, I scalp, macro events, swings, everything except for penny stocks eventually I will end up trading every asset class every day :) ...

[@popparocko5295]

As soon as Mike mentions a book I get it, they are must haves in my library.

[@mbellafiore19]

reading Shoe Dog right now Poppa. Love love love it!

[@kydddj111]

Hello,what do you mean when you say "read the tape"?

[@sbespn3820]

If I get into a basic pullback or breakout trade with a target of 1:4 risk reward that starts to go my way, and I'm up 2:1 in it, but I notice the trade is now losing momentum and might not reach the target, and may even come back to stop me out of the trade. Do I hold onto it anyway, or be happy with the 2:1 profit and take it while I can? This is something I really struggle with.

[@mbellafiore19]

You need to build your own rules for how to handle. I see a trade decision here to lighten up.

[@raymondaostagna7707]

Good job

[@Mr.FernandoEscobar]

Great advice!

[@mbellafiore19]

thank you Fernando.

[@CSkymen]

Helpful video

[@neilaj1987]

Great video, eye opening. Could you do a video on trade review as it happens in your firm. Thanks

[@mbellafiore19]

good idea Neil

[@907Blademan]

Another good one. Thanks Mike

[@mbellafiore19]

Thank you

[@traderstevo9553]

Nice video Mike. Any chance you could do another video on market play trades, discussing one or two of the indicators you recommended to your traders that turned their P&L around? Cheers

[@mbellafiore19]

I thought the last one was pretty good Stevo :) Thxs for the suggestion

[@claytonkimbrew9100]

BRILLIANT!

[@TheEliteunit]

hi mike, I'm a 22 year old graduate in London, want to become a trader, do students have to have a breadth of experience / knowledge of trading to some extent before joining your programs or any prop trading firm? or is it best as a novice to join a program and learn the ropes? since they have a structure to their program

[@smbcapital]

We love to hire traders who have traded their own account. We have also trained people with no experience who have gone on to become six figure traders. I would suggest contacting HR at smbcap.com/careers/ We just had a trader from London come in to train with us for awhile.

[@naijavani579]

Very good video with powerful contents

[@rickmad3398]

good work guys

[@mbellafiore19]

Thxs!

[@mikegurung1408]

Sir how can we join the program?

[@hervemiot2046]

Where are you located in Manhattan? Are you training people how to trade? How to contact you ?

[@swright2134]

Bella you're awesome even when you're sick you still show up very consistent at your videos I really appreciate it. Thank you

[@mbellafiore19]

You caught that I was sick huh. Son and daughter got mom and I sick. Pushing thru.

[@brianparkman8183]

Good solid content and advice. You can see why most traders fail.

[@mbellafiore19]

Thxs Brian.

[@absoluttchamp]

You run sirens at the start of every session?

[@mbellafiore19]

what is the point of doing something if you don't do it with passion?

[@dead_cat_bounce4374]

Hello guys! The most helpful and educated series of videos would be revising bad trades and mistakes your best traders make. The most interesting trading books or videos are not about how another guy just won a million dollars, yet about million dollars he lost and learned from it. That kind of videos might help dozens of new traders to not make mistakes that might potentially lead to such loses. Good example: What I Learned Losing a Million Dollars by Jim Paul Cheers! ;-)

[@DaveLotito]

Play books are KEY

[@mbellafiore19]

yup

[@kimmugen3]

The Compound Effect :)

[@dead_cat_bounce4374]

Hello, guys! It would be interesting to see a daily routine from your best traders. What time and how they start their day. How they prepare for a trading session. What resources for news catalyst they use. Do they review at the end of a day their trades etc. Thanks!

[@LeoI-California]

I have some investment books and based on that, it is ok to apply a moving average. I agree, that it does not reflect any news. But anyway, why is that many pros are choosing a clean look without moving average?

[@mbellafiore19]

We will look at the 200MA as a point of reference. There are traders who use MAs often to spot inflection points.

[@tman32]

Damn, as a newly profitable trader for several months, a prop trader is something that interests me. However, I have not found these firms in California.

[@babogoon]

process goal !! i will make a sheet today

[@mbellafiore19]

love it!

[@villadorado5820]

Dont Follow your passion,. Do things with passion!,. Passion is Not a Path, its a feeling,..

[@lightkirsche]

SMB capital is open

[@smbcapital]

we are open :)

[@johnwilson6271]

Should I stop Day Trading with my phone?

[@mbellafiore19]

If that works for you then terrific. That is not the way we trade.

[@JohnSmall314]

Ace

[@skidplate1969]

Why dont you trade the forex market?

[@e2thelp98]

Haha mike you handsome devil youre a savage 👍

[@mbellafiore19]

I think thank you but not sure :)

[@yamkelanjikelana6261]

It would be every traders dream if SMB Capital starts funding Forex Traders as well.

[@mbellafiore19]

noted.

[@eprzepiora]

Experiment on a live account …. :-)

[@smbcapital]

the best way to learn as long as you are disciplined and follow your rules

[@georgen26]

first time hearing Mike curse! haha

[@mbellafiore19]

there is a science behind that. it is intentional. I actually feel personally uncomfortable doing it. but you will learn more if I do.

[@etfremd]

@@mbellafiore19 Agree in sports it has always helped us win. Coach would lay it out. Former collegiate football starting defensive tackle.

[@GeneHoward]

Did not like the inappropriate profanity. Otherwise good advice.

[@KevinNguyen-wk1tj]

Love the f bombs

[@mykaelwilliamson1478]

So unbelievably good! Coach Bella is the best.

[@mbellafiore19]

Thank you sir