SMB Capital

SMB Capital
is a prominent proprietary trading firm based in Midtown Manhattan, New York City. Founded in 2005, it is primarily known for its internal trading desk and its extensive educational division, SMB Training (or SMBU).

Core Operations
Proprietary Trading: The firm provides capital, proprietary technology, and a physical trading desk for both new and experienced traders to trade equities, options, and futures.
Education & Training: SMB is widely recognized for its structured "PlayBook" methodology, which helps traders identify and archive setups with a statistical edge.
Traders: It employs a mix of discretionary, automated, and hybrid traders.

Leadership
The firm was co-founded and is managed by two veteran traders:
Mike Bellafiore: Author of the industry-standard books One Good Trade and The PlayBook.
Steve Spencer: A former top trader at Heartland Securities with over 30 years of collective experience with Bellafiore.

Trading Focus & Strategies
Traders at the firm focus on intraday and swing trading strategies, including:
Equity Setups: Day 3 Breakouts, 30-Minute Breakout Patterns, and Capitulation Fades.
Options Strategies: Broken Wing Butterflies, Iron Condors, and vertical spreads.
Technical Tools: Frequent use of VWAP, the 9 EMA continuation trade, and "first red day" setups.

Current Status (March 2026)
As of March 2026, the firm remains highly active:
SMB Trading Summit 2026: A major live event was held in NYC on March 7, 2026, featuring talks from top traders like Lance Breitstein and Jeff Holden.
Digital Presence: They maintain a large YouTube channel with over 800,000 subscribers, sharing daily trading lessons and "Day in the Life" content.