After many years of trading, I realized there is only one thing a trader need to know and do again and again. Cut your loses fast. Nothing else. If you have this one quality, you will succeeded. Period.
@FF81095Ай бұрын
One of the best advices ever. Other thing for me is trailing stop and because you cut your losses fast and secure profits too.
@LarsLarsen77Ай бұрын
LOL there's more than that. You have to let your wins run too. Some people can't do that.
@mohbulletproof634Ай бұрын
I would argue edge is more important. A lot of traders think they got edge but they really dont
@maxcorder2211Ай бұрын
I agree. You must have an exit stop on every trade, and you must honor it. If necessary, you can enter it into the market with the broker. However you do it, you can’t “hope it comes back”. Get out and move on to the next trade. However, having a good/great entry takes some of the risk out so that the trade starts profitably. If you have a good, and backtested, trading plan, trade selection, timing, entry, exit plan, and a stop, Then you may have the probabilities in your favor.
@greengardens1565Ай бұрын
You know what....... you are actually 100% correct
@mustafabaris9681Ай бұрын
10 Steps To Make A Career As A Trader : 1-) Having the attributes to be an elite trader 2-) Having a strong trading foundation 3-) Having exposure to trading setups with edge from the prop desk 4-) Ask this questions : Is this the right firm for the trader ? 5-) Develop a daily routine filled with effective best practices that build trading skill and edge 6-) Build your playbook with your trading edge that aligns with your unique talents and abilities 7-) Team trading and collaborate to improve and refine your trading edge 8-) Size your trading edge 9-) Build a broader and more comprehensive playbook 10-) Express your trades better to improve your edge You're welcome guys 😊😊
@martinkostov667Ай бұрын
Thank you for saving me hour and a half. 🍻
@rengarajanrocker2369Ай бұрын
Thanks for saving my time bro❤🎉
@intriguelearner652Ай бұрын
Thx u 😊
@freddyfudpucker6301Ай бұрын
Thank you!!!
@murtuzasaifee366026 күн бұрын
Thanks
@williamp2359Ай бұрын
I always enjoy listening to Mike Bellafiore talk. If I were 40 years younger, I'd be constantly finding ways to put my trade book in front of him. Even though I've been trading 23 years, I can always learn something from him.
@ChristopherFalletta-rh9jfАй бұрын
I’m so close I have an amazing strategy that I’m using and I’m just now starting to become really confident with it
@BENEDICTAAPPIAH-eb1nt18 күн бұрын
Can you teach me that strategy
@fitnessideas4all3095 күн бұрын
Me too
@ddroz23Ай бұрын
What he is saying to the young folks is to take the initiative and start assuming risk and get comfortable with the fact that it will be your life if they hire you. You need to at least earn your stripes in take the hits. Then they will be more willing to look at you as a candidate after you taken the lumps. That is a prerequisite.
@sconcheeАй бұрын
Another fantastic interview! Pure genius!
@andredesetages9029Ай бұрын
Absolute gold! Thanks Bella
@AmericanBusinessFundingАй бұрын
Miami also now, excellent!
@jasonroo2767Күн бұрын
don't let people make you believe trading is hard, it's not that hard if you follow a plan
@r.arodriquez439225 күн бұрын
Thanks for the video guys.
@k.mcquistanpop6341Ай бұрын
i have listened to 'Bella' so many times, I think I'm finishing his sentences.
@arthurapoliАй бұрын
Thanks for sharing 🙏
@abhietejaАй бұрын
Mike is literally giving me Steve Jobs Vibes...
@AghoriPowerАй бұрын
Show the profits from your desk
@angus3963Ай бұрын
Great points and insight on what it takes to excel in this wild game.
@servicesRecrutementONGАй бұрын
THX for PROFIT
@TheJoeBrennan23 күн бұрын
Brutal space to be in. Other than prop firms you have no clue as to who actually can and who cannot trade unless there is proof of extensive track record. And the majority of people can NOT trade and lead you into bad habits that take a long time to unlearn.
@marcojuarez3358Ай бұрын
Fantastic!!!!!!
@LeBrudyАй бұрын
Step 1: Be profitable
@Artair2009Ай бұрын
How to be rich? - Stop being poor
@ComradeJetskiАй бұрын
Wheels are round. Rain is wet.
@LarsLarsen77Ай бұрын
Step 1: Don't lose money. Step 2: see step 1.
@manishsahi9057Ай бұрын
Is there a contact # to talk to someone to register in this program
@Ganondalf3Ай бұрын
Yep this is worth a rewatch
@cal4865Ай бұрын
$TSLA $ALGN $FSLR 11/15 Options!!!
@cunninghamb505Ай бұрын
Your smb insider sign up doesn’t work
@smbcapitalАй бұрын
Does the link in the description not work or something on the page?
@cunninghamb505Ай бұрын
@@smbcapital on your website page tested by signing up but didn’t take after processing
@captain_sinbad3126Ай бұрын
I think my problem is trying to deal with a loss and not chase it I need a lot of education behind this bad pattern I’ve created
@touher6071Ай бұрын
Just limit your self to 3 or less trades a day. It'll keep you away from revenge trading. Also, size down. That will keep you from losing more than you should.
@AlienKnivesАй бұрын
stoked to see you folks tomorrow.
@smbcapitalАй бұрын
We'll have a few SMB guys at t4ac!
@Mikej1592Ай бұрын
by RVOL does he mean relative Volume, Relative Volatility? something else?
@mbellafiore19Ай бұрын
Relative volume
@Mikej1592Ай бұрын
@@mbellafiore19 thank you, that is what I thought
@ALXStrikersАй бұрын
What's #1?
@cal4865Ай бұрын
New scan $PSA 11/1 Options!!! $XLRE hot 🥵 Sector!!!
@cfrias73Ай бұрын
Hello!! I was trading 2 months ago, very confident but I stopped. Now I want to return but I can't Im scared
@ntf81Ай бұрын
Pucker up. Todays loss doesn't define you as a trader. On to the next!
@TafunnnАй бұрын
Set your stops and know the risk involved beforehand, it won't get any worse than that.
@sanjeevbhola7496Ай бұрын
The self fulfilling prophecy❤
@MP-ul9wfАй бұрын
what was the INDICATOR that he mentioned ???
@smbcapitalАй бұрын
RVOL - relative volume
@MP-ul9wfАй бұрын
@@smbcapital thanks
@quakshaАй бұрын
Answer: consistently profitable
@daviddoolittle5636Ай бұрын
Be Diverse !
@bibbidi_bobbidi_baconsАй бұрын
Thank you Mike
@tradingwithkamАй бұрын
Amazing gems as always!
@GunnarBlankenshipАй бұрын
Is this a good time to buy stocks/crypto in the Europe? I know everyone is saying stocks are at a discount and all, but just how long will It take for us to recover, obviously there are strategies to manoeuver in this present market but these strategies doesn't come common to the average folk, or am I better off putting my money elsewhere.
@marsmellow1589Ай бұрын
To be fair. At a point where i was down 50k it was absolutely worth it at that point. The personal development that i went through because i kept coming back and coming up with new things is unimaginable. Absolutely thankfull for that. From being the emotion to simply observing yourself and many for facets. Absolutley great journey.
@jononioo2857Ай бұрын
Watching this at 1.75x speed.
@ibanez331506 күн бұрын
Watching at X2
@NG-tk5zgАй бұрын
Man I'd offer to be their office janitor just to get a chance to watch these guys, let alone learn to trade from them! I'd learn more from just quitely watching these guys than 99% of what I see online
@dannytetreaultАй бұрын
16:12 SMB Capital keeps talking about these meetings. Are they open to guys like me? Or do you need to be a paid member?
@juniorsuarez7671Ай бұрын
Paid membership ,148 bucks a month. I just started this week and it’s totally worth it
@vincec5251Ай бұрын
You have to pay I believe unless they hire you of course.
@supercruchynoodleАй бұрын
@@juniorsuarez7671online learning?
@cal4865Ай бұрын
11/15 Options $AVB $ESS Calls !!!
@FirstmajortomlikestotickerАй бұрын
Smb turned me down to trade from home 😢
@LaLa_Bunny33Ай бұрын
I’m on my own trading journey to grow a small account from $2,000 -> $25k
@ottonabih519520 күн бұрын
Options?
@LaLa_Bunny3319 күн бұрын
@ Hi. I swing trade individual stocks (no ETFs). I have much more to learn about options before I would feel confident incorporating them into my strategy.
@ezrider927217 сағат бұрын
Bots
@theccieguyАй бұрын
Thanks
@tradingarsenal9767Ай бұрын
17:25 - Yeah, at the very beginning I'd say DNA is a great course. If been at this for a while you should know all of that already, but you never know.
@cryptoprstfn2757Ай бұрын
Bella!!
@chrisvu3488Ай бұрын
The host should talk less and let Michael have more time to talk. Thank you Michael for reaching out and willing to share your experiences. 🙏🙏🙏
@MrAlp0Ай бұрын
HEART‼️
@mrforex9628Ай бұрын
Wheres the link in the top right corner?
@Whitemillionaire14 күн бұрын
real traders without stupid fake shit
@TronxtraderАй бұрын
Mike is so sexy when he says "great trader". I know he's talking about me ❤