23-Year-Old Prop Trader on Why Process Beats Chasing Trades

On Last Call, Andrew of SMB Capital, a 23-year-old proprietary trader, breaks down the process that got him onto a professional desk. His message is simple: most retail rushes to trade, but the edge is playbooking, building an archive of graded setups so that when an A-plus opportunity shows up, you already know how to size it. He reads the current tape as congested and low-correlation, the kind of market where you sell strength and buy weakness and wait for a catalyst. And he pushes back on the September crash calls, arguing that with profitability near record highs, the pain now is more chop than collapse. Views are the speakers' own. Education, not a recommendation. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 How he got to a prop desk 01:47 Why process beats jumping in 03:05 Grading setups and the IPO playbook 04:03 Trading September seasonality 05:28 Why he is not calling a crash 06:03 A congested, low correlation tape 06:48 Selling strength, buying weakness 08:18 When a blowup marks the bottom 09:16 What could break the range #tastylive #proptrading #smbcapital #daytrading #tradingprocess #playbook #stockmarket #tradingpsychology #optionstrading #lastcall tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.