Trader Mentoring


This is the program for traders that are seeking personalized mentoring from the world class traders at our firm.

We are experts at driving traders to get to their next level -- in any market, on any timeframe. 

We can get you to the next level faster; whether that means making the turn from losing to finally winning, from breaking even to consistently profitable, from consistently profitable to scaling up your trades and expanding your playbook.


  • Improve your trading with a professional trading mentor by your side 
  • Develop a solid trading plan - a roadmap for running your trading business 
  • Build your playbook - documented trade setups that work 
  • Create a solid risk management plan - a crucial foundation to any consistent trader 
  • Have accountability - someone that knows your plan and if you have deviated from it 
  • Know your actual edge - track it over time with our proprietary tools 
  • Get advice on how you can specifically improve your trading 

This process can be completed remotely, or you can immerse yourself fully into the process by working directly with your mentor live on our trading desk in New York City. 

Designed for You

We’ve heard from a lot of traders like you that are far from beginners, but not getting the results they know they're capable of. 

We also know that many of you are trading futures, forex, bonds, and other markets. 

You’re out there putting in the work to get better as a trader. That’s great. The problem is that you need some help. We’re here for that. 

We can help you find any holes in your trading plan. We can help you take it to the next level. We have a lot of experience in doing just that for traders. 

Here's the process:

  • Have initial mentoring sessions to lay groundwork and get to know you 
  • Create your development plan and review it each week with your mentor
  • Build your playbook and spell out your edge  
  • Talk about your risk and how you manage it
  • Define how you will be selective 
  • Discuss and review the execution of your trade plans
  • Establish your proper preparation routine
  • Talk about price action, technical setups and contextual opportunities in the current market
  • Overcome issues with your trading psychology 
  • Establish meaningful journaling routines 
  • Review your trading results and plan next steps to improve
  • Establish and analyze your trading stats
  • And much more... specifically tailored to your trading plan.

The Mentors

Merritt Black

Intraday Trader

Discovered his passion for markets and began studying technical analysis as a 6th grader. Graduated with a B.S. in Finance from University of Alabama at Birmingham, and was a portfolio manager for the Green & Gold Fund. 

Merritt has worked as an advisor at Merrill Lynch, ran a CTA specializing in energy futures, and traded on prop desks in Chicago and NYC. He specializes in intraday trading using market/volume profiling, vwap trading, and orderflow.

Mentoring with Merritt starts at $3,950 per month remotely or $5,950 per month in-house.

Steve Spencer

Co-founder of SMB Capital and SMBU

Began his trading career at a NASDAQ day trading firm in 1996. Received undergraduate degree from University of Pennsylvania with BS in Economics from the Wharton School of Business. Received a JD from Fordham University School of Law, while trading full-time. 

Trained in classic momentum style with short term holds (minutes to a few days). Expert at making money intraday. 

Mentoring with Steve starts at $9,000 per month remotely or $15,000 per month in-house.

Mike Bellafiore

Mike Bellafiore co-founded SMB Capital, a proprietary trading firm in New York City, and SMBU, its trader education company. 

He is the author of the “trading classic” One Good Trade and The PlayBook. He also co-authored a chapter for The StockTwits Edge, in which he discussed a favorite trading setup. 

As an international lecturer, Mr. Bellafiore has built trader training programs globally for hedge funds, prop trading desks, and retail traders. 

Mentoring with Bella begins at $6,250 per week for intensive in-house coaching and mentoring 

A message from a mentoring student

Below is my review of the mentoring program so far.

I am one month into the mentoring program and it is more than I hoped for honestly. I enrolled in DNA last quarter and was exposed to a lot of info and the SMB culture but working 1 on 1 with Merritt every day has pushed me 10 fold from where I was before. He has excellent trading knowledge, nothing short of what I expect from a SMB pro. Where I feel he, and this program, really excels though is the focus on process. The feedback provided from reviewing my journals and trades has been critical for my development. Every day I know where I am and what I need to do to get better. That being said, I am not just blindly following a professional based on title alone, he has tremendous teaching skills and sizeable insight into my personality just from seeing my trading. I have great respect for someone who can perform at a very high level as well being fully cognizant of the entire process.

Criticisms are non-existent and that is simply because Merritt has offered his help at every corner and has gone beyond what I expected in helping to get my business on the right track. I feel that as a mentor he has left his office door open for me.

Thanks guys,


this testimonial was not compensated