SMB Capital Training Overview

New York is home to SMB Capital, a proprietary trading business. Founded in 2005 by Mike Bellafiore and Steven Spencer. They provide training via workshops such as SMB Foundation, SMB Options, and Reading The Tape. Let’s have a look at SMB Training’s Foundational course and try to answer if it is worth enrolling in.

What Is SMB Capital Training?

Founded by the New York City-based proprietary trading desk SMB Capital, SMB Training teaches aspiring traders how to use SMB Capital’s proprietary trading setups to generate regular profits. Two very accomplished traders with more than 30 years of experience between them are SMB’s partners.

Mike Bellafiore, author of One Good Trade and The Playbook, and Steve Spencer, whose teaching videos are shown weekly on StockTwits TV, are the public faces of SMB. They are known for their dedication to using cutting-edge proprietary technology in conjunction with their trade setups to reliably generate profits.

SMB Capital Training Approach To Forex Trading Education

The SMB Foundation is the company’s most in-depth educational offering. The course covers a wide range of topics necessary to become a successful day trader of equities, including the basics of learning how to trade, trade execution, researching stocks that are actively traded, interpreting tapes and charts, and trading psychology. Students that wish to learn trading have the option of taking the class remotely or in the SMB Capital office.

The course focuses on a small number of fundamental ideas in tape reading and this is one of the few forex courses that teach this. Although it may appear to be a simple task, mastering pattern recognition requires many hours of practice building up the necessary “muscle memory” needed to be spot on. Several hours of live trading examples where Mike and other SMB traders go through their trades and point out what they observe on the tape and charts will successfully build these for you.

The idea of trading only “stocks in play” is also heavily emphasized during the introductory unit. Trading equities that are experiencing catalysts, volume, volatility, or all three, is a common tactic. What makes a situation a “Stock in Play” is the presence of an element that deviates from the norm. The course emphasizes that unless you specialize in a certain form of play, you might end up a negative or break-even trade even if you use excellent trading ideas and techniques on stocks that aren’t in play.

The futures contract for a given company is emphasized in the introductory course as a potential leading indicator. Surprisingly many day traders don’t take into account the fact that the movement of the broad market index eventually affects the majority of the companies inside the index. It’s the belief that, without strong upward momentum, most stocks in the S&P will follow its lead and fall together with the S&P when the S&P declines.

SMB Capital Training Course Costs

SMB foundation has both in-house and remote training options.

SMB Foundation Remote Training

Features access to:

• SMB Foundation
• The Morning Meeting
• SMB Scanner
• Video Archive
• SMB Radar

All for 90 days and:

• Real-time demo account
• One-on-one mentoring

For 30 days

Cost: $9,900

SMB Foundation In-House Training

Features:

• Everything in the remote training package
• 30 days on SMB Capital’s NYC Trading Desk
• Train on a fully-equipped trading station 
• Direct access to the partners of the firm and senior traders
• Participation in the daily group mentoring meetings

Cost: $25,000

SMB offers a 10-day training program that costs $149

The SMB DNA of Successful Trading costs $1,750 in installments spread over 3 months and $5,000 upfront.

The SMB Winning Trader Webinar costs $6,000

Reading The Tape Costs $4,000

SMB Capital Training Reputation

SMB Capital is a highly reputable proprietary trading desk that is based in New York City. They established SMB Training to assist young traders in becoming consistently profitable by following setups they have built that have an advantage in the markets.

The partners of SMB comprise two extremely accomplished and experienced traders who have a combined total of over 30 years of experience in the trading industry.

SMB Capital Training Screenshots

SMB Capital Training Videos

SMB Capital Training Social Links

Conclusion on SMB Capital Training

SMB is quite expensive, but I think it’s a great resource for everyone, from novices interested in learning the markets to seasoned pros trying to sharpen their skills and advance their trading to the next level. They provide a variety of services and resources that can be tailored to the needs of every trader, and the insights you acquire from using them are well worth the investment.

The initial investment may seem high, but the information and trading strategies you pick up from seeing these experts will more than pay for yourself. You’ll be a part of a community of traders who all want the same thing—to make regular profits—and you’ll have access to the same information that experienced traders use.

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