Meritt Black SMB Capital Futures
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Meritt Black SMB Capital Futures

Trading Reviews and Vendors

Created July 13th, 2017 by tpredictor
Updated today by stockwet
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Meritt Black SMB Capital Futures

  #1 (permalink)
North Carolina
Trading Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
Posts: 644 since Nov 2011

Meritt Black SMB Capital Futures

Based on feedback from MB, I have decided to remove the majority of my original review.

My primary complaint was that it was difficult for me to determine what he was doing from the videos. While it wasn't the focus on my review, I felt the process for revoking my membership was short circuited. I had a strong day on the day my membership was revoked. I had a strong day in live and on simulated accounts and I sent or offered to send MB a trade blotter demonstrating it. However, he claimed he didn't receive it. Based on some of his personal feedback, I decided to remove this review because as a developing trader I do not need any sort of distraction or negativity in my life.

In the original review, I recommended if anyone were interested to learn what he was doing that they should make their own personal assessment and not rely on my review because, while honest, it was based on limited experience.

I have now unsubscribed from this thread and will not be following going forward.

Last edited by tpredictor; October 24th, 2017 at 03:50 PM.
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  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

  #3 (permalink)
Bay Area California
Trading Experience: None
Platform: TT T4
Broker/Data: Phillip Capital
Favorite Futures: Futures
Posts: 768 since Nov 2011
Thanks: 734 given, 813 received

He used to be a member here. I think he was banned after some meltdown. His handle was something like indexTrader7.

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  #4 (permalink)
Trading Experience: Intermediate
Platform: TWS & SierraChart
Broker/Data: InteractiveBrokers & Sierra
Favorite Futures: DAX & Bund
Posts: 275 since Jun 2013
Thanks: 639 given, 353 received

SMB is a quite respectable prop firm and they have nice things like Friday ask me anything sessions, however I think their training is way overpriced. They do run some in house training I believe, but still cost tons of money. Also, they were announcing a Futures trade desk lead by Ben Greene (Market Structure and Flow) but never heard anything of this anymore.

I attended some of their Friday sessions which are good for your development if you're looking to ask questions and hear from prop traders, but it ain't gonna make you profitable.

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  #5 (permalink)
Trading Experience: Intermediate
Platform: TWS & SierraChart
Broker/Data: InteractiveBrokers & Sierra
Favorite Futures: DAX & Bund
Posts: 275 since Jun 2013
Thanks: 639 given, 353 received

I don't know whether they are top or not, but they are well known in the industry by looking at the people that refer them. They have good references from e.g. other prop firms and well known educators. I agree that their education is not something special. that is why I think it's overpriced. their main advantage is that they are a prop firm and their experiences. however experience is somewhat questionable since markets change all the time. I guess if you're talking about mindset they could teach you a lesson or two.

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  #6 (permalink)
New York, New York
Posts: 14 since Nov 2015
Thanks: 1 given, 10 received

I was made aware of the sour claims of the OP on this thread yesterday, and I woke up today knowing that I had to stand up for the truth on this matter today, so that is what I've done here. As a member of the slack room for over a year, I have a very good idea of what goes on there.

The OP was not received well in the room. The OP refused to follow clearly laid out rules of the room - even after Merritt warned him several times. Here is a sample of his first (and last) day in the room:
Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Even notice how relieved the room was when the OP was removed (by their emojis).

As I mentioned, watching Merritt for over a year trade each and every day, I can't speak highly enough of his transparency, willingness to help others, and the quality of the community he is building.

Here's the recorded session of him trading on this same day the OP was kicked:

Here's a weekly review session he did with a student and Dr. Brett Steenbarger later that same afternoon!:

Merritt is doing a wonderful job. He is an excellent trader. He is a very good coach. He trades at a well regarded prop firm. For compliance purposes none of the traders at SMB ever show their size - not the equities guys, and not the futures guys. For this reason he doesn't show his actual execution screen. You can not trade live in front of a very smart group of traders which includes ex floor traders, other prop professionals, and full time independent traders every day for years and not be damn good at what you do. There is a reason there are 103 people there and a thriving community. There is a reason Dr. Steenbarger would be a part of what he is building at SMB.

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  #7 (permalink)
Trading Experience: Intermediate
Platform: Sierra Charts
Favorite Futures: CL, Bund, DAX
Posts: 15 since Jul 2015
Thanks: 0 given, 8 received

First of all, dear writer, were you expecting this to be a trade call service room or a place for showing off how nice your charts were?

I am in the room for many months, and I have also been Merritt's student for 1,5 months of private mentoring sessions.
Have to say I have never been so close to consistency as after been mentored by Merritt. Yes, i am still not quite there, but he helped me a lot to structure what I knew by that time, adding absolutely second to none experience to read context and define areas and spots for taking action, working on process etc.
I have been to many-many courses and rooms, and almost everything is just BS, either moderated by someone not even trading himself, or simply sharing some random lines, channels etc. Merritt's room is actually the one lead by a pro trader, trading live, and populated by traders with decent experience. It's a room where people trade different styles, some of them are/were mentored by MB and trading his approach, they have a separate room for sharing pre-market analysis, others have different approaches, most of them, who post regular basis, are outstanding traders - havent seen their PnL statement, but judging their patience, entries and trade management.

When you talk about live session's chart and his trade calls, then instead of flagging your 500 profit, you should have listened, and then you'd understand that chart he is sharing is not the one he is trading off of. And having seen whats Merritt is actually looking at, it's very very far from whats available to public. Again, every trader in this room trades his own way, if youd like to know how Merritt does that, you have this opportunity, just put aside some profits from a few such fabulous days as you mentioned.

What is the most important about these sessions, is that a pro trader showing live that its actually possible to take money out the market and do it in calm and nice manner. Yes, agree that one should always take trading room trades with grain of salt, but having paid for private sessions and seen actual executions, not just arrows on youtube videos, have to say this is the most serious guy i have met on my thorny path of trading education.

To wrap it up, if you have something to share, analysis, trade setups etc, you are welcome, but have some respect to other members, and express yourself in a manner different from what you got banned for. If you want to learn - welcome as well, but be prepared to spend more than 7usd per month.

Was trying NOT to make this review too positive to avoid flooding the room with too many passive readers and similar sceptics, but, at the end of the day, amongst them there will surely be some experienced and active guys who will contribute to our mutual benefit... and Merritt will ban the rest.

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  #8 (permalink)
houston texas usa
Trading Experience: Intermediate
Platform: sierra chart
Broker/Data: Sierra Chart, T4
Favorite Futures: crude
rhs603tt's Avatar
Posts: 13 since Sep 2013
Thanks: 64 given, 16 received

SMB Futures room

I have been a member of the SMB Futures room for over a year and have watched Merritt call winning trades and losing trades. It's real with no boasting. The room has rules and if anyone doesn't follow the rules they probably won't last the day. It hasn't happened often but the members are happy to see the offender go. Having monitored other rooms that call trades in hindsight, get angry when anyone questions the hindsight trade, and so on, the SMB room is a welcome change. There are also other competent traders who are members that post their ideas throughout the day. I would say the room is more about sharing trade ideas than calling trades as we all need to develop our own methodology. I will leave it at that.

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  #9 (permalink)
Torhout / Belgium
Trading Experience: Advanced
Platform: Ninja
Favorite Futures: CL + FDAX + LE
Posts: 3 since Mar 2014
Thanks: 0 given, 7 received

Positive reply

I am also a member in the Slack-room, I never had ANY problems...

I first read the rules and the rules are clear: If U post a trade or a trade idea, you also have to post WHY, so others can learn or understand the reason why you took it...

Sharing= caring

I use a diffrent system : cycles combined with price action. Not the Volume profile like them.

I felt very welcome and appreciated.

When I posted things, I explained my reason/context. I don't know any other room so open to diffrent people/systems. 4+8=12 but 7+5 also 10+2 too.

I won't change mine, it works fine 4 me, but I'm always open to learn from others how they are working/processing. If you're open-minded U always learn something.

The Slack room has a added value 2 me. It's not about the ego , but the process

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The following 3 users say Thank You to Phc1 for this post:
  #10 (permalink)
Toronto , Ontario, Canada
Trading Experience: Beginner
Platform: Sierra Chart, SC
Favorite Futures: Emini ES, CL, USD/CAD
Posts: 423 since Jun 2016
Thanks: 1,343 given, 720 received

Review on Market Profile course

I'm not sure if i should start a new thread or post on this one, but since i believe it is presented by the individual mentioned in the OP's post, Meritt Black via SMB. I am looking to see if anyone has done the market profile course, and what has been their experience if they shelled out the massive $1450 for it.



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