SEASON 2, thursday TV WALLSTREET WARRIORS
- Thread starter jtnet
- Start date
Our Head Trader, GMan (Columbia Engineering), just sent me the link to the posts about SMB Capital. While I found some of what was written highly entertaining, I thought I should clarify a few things:
1) Laetitia interviewed for a job with SMB Capital for which she was not required to make a contribution. Recent college graduates are not required to make a contribution at SMB Capital. And for the others who do make a contribution so that they receive 100 percent of their profits after fees, SMB Capital offers downside protection. In short, we do not make money unless our traders make money.
2) We are very selective in whom we hire. We spend a great deal of time training our new traders. Day trading is very challenging. We are looking for only those who have an excellent chance of succeeding.
3) My partner and I (Wharton/Fordham Law, UConn Law) have spent the past two years, along with our Head Trader and Senior Traders building an extensive, demanding and thoughtful training program. For those who receive an invitation to interview with us we show you exactly what we teach our new traders. Our training program consists of 150 plus written lectures, audio lectures, a library of trading videos, and that is all supplemented with our Real Time Audio Feed. We offer Mentorship from professional traders with collectively over 20 plus years of experience. For five weeks every second of every day has been planned so that you are armed with the trading skills and a trading system necessary to succeed. Succinctly, our training program provides you with an edge in today's market.
4) I am not an expert about all the other day trading desks on the Street in NYC, but I do know that there are many excellent trading desks where one can start their career. Respectfully, we are one of them. Others in NYC are Chimera, T3, Trillium, First New York, Avatar. I am sure I have left a few out but this is only because I am not familiar with all the groups. The good groups will do whatever they can to help their new traders succeed- whether financially or with their time. SMB Capital certainly does.
5) I have never heard us referred to as rude. But I do think that after having met with thousands of candidates that some would not respond favorably to us. And at times, we are very busy such that we do not get to spend as much time as we would like with certain interviewees. For that I certainly apologize.
6) My partner and I have traded for the past twenty plus years collectively. We are the most active traders on our desk. Anecdotally, my partner made over 20k trading in the last four trading sessions (and he is not going to be very happy about me writing that). We are experienced, active, professional traders.
7) Since there are many excellent trading desks, please shop around. Make your own judgment about who would be the best fit for you.
8) "Wall Street Warriors" is a great show. We are proud to have played a small part on Season Two. Keep watching. It only gets better.
Mike Bellafiore
SMB Capital, LLC
Partner
1) Laetitia interviewed for a job with SMB Capital for which she was not required to make a contribution. Recent college graduates are not required to make a contribution at SMB Capital. And for the others who do make a contribution so that they receive 100 percent of their profits after fees, SMB Capital offers downside protection. In short, we do not make money unless our traders make money.
2) We are very selective in whom we hire. We spend a great deal of time training our new traders. Day trading is very challenging. We are looking for only those who have an excellent chance of succeeding.
3) My partner and I (Wharton/Fordham Law, UConn Law) have spent the past two years, along with our Head Trader and Senior Traders building an extensive, demanding and thoughtful training program. For those who receive an invitation to interview with us we show you exactly what we teach our new traders. Our training program consists of 150 plus written lectures, audio lectures, a library of trading videos, and that is all supplemented with our Real Time Audio Feed. We offer Mentorship from professional traders with collectively over 20 plus years of experience. For five weeks every second of every day has been planned so that you are armed with the trading skills and a trading system necessary to succeed. Succinctly, our training program provides you with an edge in today's market.
4) I am not an expert about all the other day trading desks on the Street in NYC, but I do know that there are many excellent trading desks where one can start their career. Respectfully, we are one of them. Others in NYC are Chimera, T3, Trillium, First New York, Avatar. I am sure I have left a few out but this is only because I am not familiar with all the groups. The good groups will do whatever they can to help their new traders succeed- whether financially or with their time. SMB Capital certainly does.
5) I have never heard us referred to as rude. But I do think that after having met with thousands of candidates that some would not respond favorably to us. And at times, we are very busy such that we do not get to spend as much time as we would like with certain interviewees. For that I certainly apologize.
6) My partner and I have traded for the past twenty plus years collectively. We are the most active traders on our desk. Anecdotally, my partner made over 20k trading in the last four trading sessions (and he is not going to be very happy about me writing that). We are experienced, active, professional traders.
7) Since there are many excellent trading desks, please shop around. Make your own judgment about who would be the best fit for you.
8) "Wall Street Warriors" is a great show. We are proud to have played a small part on Season Two. Keep watching. It only gets better.
Mike Bellafiore
SMB Capital, LLC
Partner
nice response, mike. love the show, looks like your running a first class operation. plenty of playa hatas on this board, i wouldn't sweat it.
best,
surf
I see that Avatar, Trillium, and SMB Capital share that trading floor area. Is there a company you three are working through that handles that stuff?
i hope the guys doubled down on SNDK at these prices..they just reported okay numbers.
while we are on the WSW subject..whats everyone's favorite WSW moment for season 1. I gotta give it to Timmay for calling his mom " His personal slave".
Quote from kinggyppo:
LOL. Hasn't he suffered enough, did you see his woman, ouch!
His girlfriend was incredibly ugly. I guess he'll be the Tim Sykes of season2.
A few thoughts on Season two....
1) No Sykes = Much better than Season One no matter what else happens.
2) Unlike the "trader" (piker) in the first season, the O.J. futures traders actually TRADE!!!
3) Those brokers and their clients who bought SNDK back in the summer got smoked. SNDK down over 50% from when the video was shot (and getting pounded after hours).
4) Seems like the season 2 cast are much more on top of their game than the boobs from season one.
1) No Sykes = Much better than Season One no matter what else happens.
2) Unlike the "trader" (piker) in the first season, the O.J. futures traders actually TRADE!!!
3) Those brokers and their clients who bought SNDK back in the summer got smoked. SNDK down over 50% from when the video was shot (and getting pounded after hours).
4) Seems like the season 2 cast are much more on top of their game than the boobs from season one.