162: Mike Bellafiore – The Formula for How to Become a 7-Figure Day Trader

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 12 May 2018

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Returning for this episode, is Mike Bellafiore—the co-founder of New York City prop trading firm, SMB Capital. Mike is also the author of One Good Trade and The Playbook, and he was the featured guest on episode 022. As the title suggests, the purpose of our conversation is to breakdown how you can formulate a plan for becoming a 7-figure day trader. Mike is well-qualified to speak on this subject, because he’s mentored and lead traders within his own firm to reach this level of trading success. There are no quick fixes packed into this episode, but there is real value—if you listen carefully, take notes and intentionally act on some of Mike’s suggestions, I know it will make a difference over time. -- Don’t miss the upcoming LIVE podcast event in Sydney, with special guest John “RAMBO” Moulton. And did I mention there’s beers ‘n pizza too?! → Get tickets Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Chat with traders is brought to you by Trade the Pool.
0:03.8	Is a lack of buying power, capital, or fear of losing your own money, preventing you from
0:08.9	taking your trading to the next level?
0:11.2	Trade the Pool is an online stock trading prop firm that funds stock traders.
0:16.3	You show them your skills, trade their capital, and keep your profits.
0:20.8	You can trade any stock or ETF in the US markets.
0:23.5	The process is simple.
0:24.8	Pay for an evaluation fee, pass the evaluation, and get funded.
0:29.0	Visit tradethepool.com-forge-chat to learn more.
0:35.7	Chat with traders is also brought to you by the Chat with traders' community.
0:39.5	We'll keep this announcement short.
0:41.2	We just want you to visit chatwithtraders.com-community to learn more about what our community is all about.
0:47.5	Thank you, and we wish you all the best in your trading journey.
0:51.3	Market speculation and risk.
0:56.8	This is the Chat with traders' podcast hosted by Aaron Feifield.
1:01.6	Hey crew, what's up?
1:04.4	Aaron Feifield here, and I've got to say, I'm actually genuinely very eager for you to hear this episode.
1:11.6	Personally, I think you're going to get a lot out of this one.
1:14.6	But I have to tell you something first.
1:18.2	Folks, if you are in Sydney or if you are near Sydney, please mark your calendar for Tuesday the 5th of June.
1:27.0	Because I'm hosting another live podcast event.
1:30.4	And I have a very special guest lined up, John Molten, though many know him better as Rambo.
	...

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