One Good Trade - Inside the Highly Competitive World of Proprietary Trading
An important contribution to trading literature, the book will help all traders by: * Emphasizing the development of skills that are critical to success, such as the fundamentals of One Good Trade, Reading the Tape, and finding Stocks In Play * Outlining the factors that really make the difference between a consistently profitable trader and one who underperforms * Sharing entertaining, hysterical, and page turning stories of traders who have excelled or failed and why, many trained by the author, with an essential trading principle wrapped inside Becoming a better trader takes discipline, skill development, and statistically profitable trading strategies, and this book will show you how to develop all three.
- Hardback | 368 pages
- 168 x 238 x 31mm | 586g
- 20 Aug 2010
- John Wiley & Sons Inc
- New York, United States
- 1. Auflage
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03 Apr 2009
14 Nov 2014
30 Dec 2011
12 Jul 2019
09 Mar 2012
27 Oct 2015
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16 May 2002
26 Jul 2010
05 Apr 2011
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In One Good Trade, Mike Bellafiore reveals the inner workings of the proprietary trading firm he cofounded, detailing the challenges of prop trading and explaining why traders succeed or fail. In the process, he shows how you can use the skills and strategies developed at his firm to improve your own trading success.
The author takes you inside the world of prop trading to show how the professionals trade successfully, sharing all the important market lessons he has learned over the course of his career while introducing a fascinating cast of characters, some of whom have succeeded, and too many who have failed. He offers a range of straightforward trading strategies, such as breakouts from congestion, trading off support and resistance, and identifying consolidation setups. Perhaps more importantly, he explains the importance of other, often overlooked skills critical to successful trading: developing consistency in monitoring markets and uncovering trading opportunities, discipline in executing trades, making rational risk/reward bets, and managing trading capital. He reveals those skills through illustrative stories of the growth of his trading firm and the ups and downs of traders he has trained.
Becoming a better trader requires discipline, a thick playbook of trading setups, and well-rounded trading skills, and One Good Trade will show you how to develop all three.
Back cover copy
Bellafiore is a committed and dedicated trader and teacher of the profession. His book shows the same attention to detail and the finer points of making a career in trading.
--Howard Lindzon, cofounder and CEO, StockTwits
A terrific book for traders who desire to gain a complete understanding of the inner workings of proprietary trading and what it takes to become a consistently successful trader.
--Charles E. Kirk, The Kirk Report
If you've ever desired to journey into the professional world of a leading proprietary trading firm--how they organize their strategies, train new traders, select stocks in play, and even fight the mental game of trading, then One Good Trade is certainly the book for you.
--Corey Rosenbloom, CMT, President, Afraid to Trade
One Good Trade is the only book I know that truly takes readers inside the proprietary trading world and explains what it takes to achieve career-long success.
--Brett N. Steenbarger, PhD, author, TradeFeed blog and The Daily Trading Coach
With One Good Trade, Mike Bellafiore gives you a front-row seat to see what it takes to become a successful trader in today's volatile markets. The stories and examples of how some traders achieve incredible wealth and how others crash and burn are great lessons for any aspiring trader.
--Tim Bourquin, cofounder, www.TraderInterviews.com
One Good Trade provides an insider view to the world of proprietary trading. If you are new to trading, you will learn that successful trading requires a lot of hard work, resiliency, discipline, continuous introspection, and a courageousness to challenge yourself and adapt.
--Jason Gardner, Managing Director, Head of Trading, Kershner Trading Group
Exceptional care coupled with a standard of excellence and attention to detail is the mantra that is at the foundation of SMB. Mike and Steve have created a unique and insightful angle to the development of new traders.
--Nadav Sapeika, Chief Operating Officer, T3 Live, LLC / T3 Capital Management, LLC
This book is a must-read for all developing traders and those who are interested in a good read about the behind-the-scenes goings on of a successful trading business.
--Brian Shannon, author of Technical Analysis Using Multiple Timeframes
Table of contents
About M Bellafiore