What is Apteros Trading All About and Who Exactly is Merritt Black?
Apteros Trading is a service run by Merritt Black that offers training for traders, as well as an opportunity to earn a seat on his proprietary trading desk. So not only is high-level education and mentorship available, but it’s also possible to get funded.
Before launching Apteros Trading, Merritt Black was the Head of Futures and Commodities Trading at SMB Capital, so it’s safe to say he knows a thing or two about how to become a successful day trader. In fact, his specialty is developing traders from scratch.
I haven’t quite had a chance to work my way through his NADRO course yet, but based on everything I’ve experienced regarding Merritt Black (YouTube videos, podcasts, etc.), I have a pretty good feeling about the training and funding opportunities he has to offer.
I think the fact that he offers training, mentorship, and an opportunity to get funded legitimizes him as a trading educator. Not only is he himself in the trenches every day, but he actually has an incentive to develop as many high-performing students as possible.
Merritt Black’s level of loyalty and devotion to student performance is unrivaled in the futures trading space. His main goal is to generate consistently profitable traders and fund them with as much capital as they can handle. By doing so, all parties benefit.
What is NADRO – Is it the Best Futures Trading Training Program?
NADRO is a framework that Merritt Black and all of his students and prop traders use to understand and analyze markets. It’s not some sort of magical indicator or foolproof system, but rather a way to look at markets in a systematic, probabilistic way.
NADRO is an acronym that stands for Narrative, Acceptance, Developing Value, Rhythm, and Order Flow. These main topics form the basis of the NADRO methodology. Merritt utilizes NADRO specifically for futures, but it’s a framework that applies to all markets.
To put it simply, NADRO is a top-down approach to markets that helps frame context. In essence, it’s a methodology that allows you to decode “what is” instead of what you want to see. It’s not about predications – it’s about seeing markets as they are.
Once you see markets as they are, you can form short-term biases based on how markets are moving in relation to value (price, time, and volume). Most traders think price action alone is king, but price action is only a piece of the contextual picture. Context is king.
I won’t go much more in-depth on the NADRO methodology because I haven’t been through the course yet, but from YouTube videos and podcasts, I can tell that Merritt approaches markets much differently than the average self-proclaimed trading guru.
Apteros Offers Professional Training Alongside Merritt Black With Unlimited Potential:
One of the main things that stands out with Apteros is the fact that they offer both professional training and the opportunity to try out for a seat on their proprietary trading desk. So the incentive for Merritt to develop consistently profitable traders is clear.
He has a stake in every student’s success – the more effort he puts into education, training, and mentorship, the more students will try out and get funded with firm capital, and the more money both him and his students make. So it’s a win-win for everybody.
This incentive isn’t necessarily there for other trading educators only selling training. You’d probably like to think that these individuals actually care about you, but many times they put much more effort into advertising than actually creating quality products.
The sad reality, especially in the trading education industry, is that you don’t necessarily need a great product/service in order to make sales. If you show luxury cars, stacks of cash, and highlight lifestyle components through marketing, you can virtually sell anything.
But that’s not what Apteros does at all. They offer high-level training and mentorship with a clear end goal – to fund you with as much capital as you can reasonably handle. They actually care about your development because your success is ultimately their success.
Conclusion – Is Apteros Trading Worth Pursuing to Learn, Train and Get Funded?
Again, I haven’t yet been through the NADRO course, but I have a good feeling about what Merritt Black has to offer at Apteros. Based on what I’ve seen and heard regarding his methodology, it’s clear that his training is different than what you might typically find.
We’re talking about an ex-prop trader who was once the Head of Futures Trading at SMB Capital – a prop firm created by Mike Bellafiore and Steve Spencer in Midtown Manhattan, known for producing some of the most elite traders in the game.
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SMB Capital also runs a similar model where all of their prop traders have gone through the same in-house training program – a program that they believe helps lay the groundwork for becoming a great trader. The training helps SMB recruit talented individuals.
This same sort of approach seems to be what Merritt Black has taken to Apteros – to provide the necessary training and then funding for success. In my opinion, this type of business model serves both the training providers and users extremely well.
In the future, I look forward to digging deeper into Apteros Trading and everything they have to offer. But if you have firsthand experience with Merritt Black and Apteros Trading, please share your thoughts and experiences in the comments section below.
Written by Matt Thomas (@MattThomasTP)
Related Pages:
- Where to Start Day Trading – Best Resources For Beginners
- Why is Day Trading So Hard – The Realities of Day Trading
- What is a Day Trading Course – Tips For Finding a Good One
- Training For Day Trading – What is a Day Trading Mentor?
- How Much Money Do Day Traders and Swing Traders Make?
Apteros seems to offer a good approach to active trading. And with proper training, elite traders can be formed. However, I will keep researching Merritt Black. Listening to him in his promotional video, he seems to be a down-to-earth individual. But further research is always good. Thank you for introducing me to Apteros. I am interested!
Further research is definitely good – I highly suggest it. I personally want to dig much deeper into what Apteros has to offer as well – especially the NADRO course they offer. I just haven’t had the chance to do that quite yet. I don’t usually post about trading courses, programs, or services before experiencing them for myself for at least a few months, but I have a really good feeling about Merritt Black and Apteros. This is an individual who traded for a living for about a decade at one of the most respected proprietary trading firms in NYC – SMB Capital. And as the Head of Futures Trading there, he has a history of training and developing consistently profitable traders. So it’s clear that he knows what it takes to trade at a serious/professional level. I look forward to diving into Apteros further in the near future.
Don’t hesitate to come back and share your thoughts and experiences after further research. Take care!
I have never heard about Apteros trading before. It will be interesting to have a look and give it a try. I am very interested in proprietary trading. Having a platform like Apteros trading offering high-level education and mentorship from Merritt Black should be a bonus for traders. Having the possibility of getting funded based on that training is great. I will definitely be sharing this article with my friends and family.