SMB Capital Review
SMB Capital is a proprietary trading desk located in New York City that focuses on training developing traders to be consistently profitable by following setups you have developed that give you an edge in the markets. SMB’s partners include two very successful and experienced traders with over 30 plus years of experience collectively. Mike Bellafiore, author of One Good Trade and The Playbook, and Steve Spencer who’s teaching videos are broadcasted three times a week on StockTwits TV are the face of SMB and focus on using cutting edge proprietary technology along with their trade setups to consistently pull money from the markets.
Fees & Services
When you are first starting off as a trader, it is easy to get lost and form bad habits that can cause you to lose your capital and put you out of the trading game. That’s why it is imperative that you educate yourself as best as you can by reading books, blogs and anything related to trading. The next step, and by far the most important, is having a mentor. Someone who can look at your trades with an unbiased perspective and then provide critical feedback on how you can improve on your strengths and work on your weaknesses. SMB Capital provides this one-on-one mentoring with some of their most successful traders who have been doing this for many years. Now it isn’t cheap but it’s a lot cheaper than giving away your money to the markets while you try and figure things out. For more information on their mentoring packages you can check out the link here.
If you don’t want to cough up the dough for mentoring then there are cheaper options like joining their virtual trading floor where hundreds of traders from all levels join to share ideas about the markets. You will be able to chat with the other traders along with the moderators who have windows that show you their open positions so you can trade along with them. This is a huge advantage being able to see how a veteran trader navigates the markets and will certainly help give you a better understanding of how you should manage your trades. You can get feedback on your trades but it won’t be as informative as doing a one-on-one mentoring session with one of their pros.
There are a few different packages you can choose from to have access to SMB’s different tools. Starting with the cheapest package, the Trader 90 Lite, you will have access to:
- Proprietary Radar Screen
- Proprietary Stock Scanner
- Access to real time positions
- Real Time Desk Audio & Chat
- Private interactive forum
- AM prep meeting
This package starts at $595 per quarter, or $198 per month. The next package is called the Trader 90 and has everything mentioned above plus you will have access to a midday recap meeting, “These Guys Are Good” meeting and a Playbook Checkup Meeting. In each of these meetings you will have the chance to see professional and junior traders review their trades they made that day and their view on current market conditions. These meetings provide important information from some very successful traders and you will have the opportunity to see how some of their developing traders are processing trade information and what they are doing to get better. This package is $995 per quarter or $331 per month and is their most popular package they offer. The last package is the Trader 365 and offers everything listed above for a discounted annual price of $3495 for the year bringing the monthly price down to $291 per month.
SMB offers a great service at a competitive price. I highly recommend it for both new traders looking to learn the markets to even veteran traders who are want to get better and take their trading to the next level. They have a wide range of tools and services that will fit the need of any trader and with the amount of information and knowledge you will gain it is worth every penny. I know it sounds like a lot of money up front but with some of the trade ideas you will get and the amount of knowledge you will obtain from watching these pros, you’ll cover those expenses in no time. You’ll have access to what professional traders are trading and why and you’ll be part of a trading community that is sharing a common goal; to be consistently profitable. If you are interested in there services they are offering a 5 day free trial where you can check out their services without any cost to you so it is definitely worth checking out.
If you have any questions or comments regarding SMB Capital, please feel free to leave us a message below!