In One Good Trade: Inside the Highly Competitive World of Proprietary Trading, author Mike Bellafiore shares the principles and techniques that have enabled him to navigate the most challenging of markets over the past twelve years. He explains how he has imparted those techniques to an elite desk of traders at the proprietary trading firm he co-founded. In doing so, he lifts the veil on the inner workings of his firm, shedding light on the challenges of prop trading and insight on why traders succeed or fail.
Introduction:
One Good Trade offers all the important lessons the market has taught me over the past 12 years in and around prop trading. I share these market lessons while introducing a cast of characters, some of whom have succeeded, and too many who have failed.
For the developing traders who are underperforming and for those interested in becoming new traders in the future, this book was written for you. The market has taught me the thousands of little things required to become successful. Many are undervalued by those who have not reached their trading potential. Welcome inside the highly competitive world of proprietary trading. A funny, exciting, enthralling place only for elite performers who master all the skills demanded by Mother Market. 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
Contents:
- These Guys Are Good
- One Good Trade
- A Good Fit
- Pyramid of Success
- Why Traders Fail
- Live to Play Another Day
- Stocks In Play
- Reading the Tape
- Maximizing Your Profits with Scoring
- Trader Education
- The Best Teacher
- Adapt to the Markets
- The Successful Trader