A proprietary trading firm consists of a group of professionals who trade the capital of the firm. Their income and livelihood is generated solely from their ability to take profits consistently out of the markets. The world of prop trading is mentally and emotionally challenging, but offers substantial rewards to the select few who can master this craft called trading.
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.
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.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.
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Customer ReviewsMost Helpful
By Chen Bin on 22-05-18
Best intraday trading book out there
Bella is the role model for every wanna be intraday traders. Trading cannot be thw business of one trick pony. Life long learning and constant adaptation is the only secret source. Thank you for the great work Bella!
1 of 1 people found this review helpful
Customer ReviewsMost Helpful
By Manfred Collingsworth on 18-05-16
This book is more of an advertisement for their services
I actually looked up the authors company and read about what employees current and past had to say. Basically they said that he hasn't made money since the Internet boom, and the objective of the firm and this book is to sell their training courses and various other things they market. Well I don't think that's fair since there are some good insights in the book, it is clear that it is more an advertisement than anything else. In addition they keep talking about how much money they make and how great they are, and they don't mention that any trader who works for them basically has to put up a lot of their own money to participate 50-50 with the firm. I would be very suspect,I much prefer market wizards or reminiscences of the stock operator if you're really trying to learn how to trade.
10 of 11 people found this review helpful
By beth on 09-03-16
A must read for all traders
a deeper look into the performance aspect of trading, and not just the heady stuff. very well written, and encouraging. all of the sports anecdotes really drive home the fact that trading is very much a performance based "sport!" I will read it a second time and move on to The Playbook.
2 of 2 people found this review helpful