One Good Trade by Mike Bellafiore
$7.99
One Good Trade
- Inside the Highly Competitive World of Proprietary Trading
- By: Mike Bellafiore
- Narrated by: Kevin Foley
- Length: 15 hrs and 8 mins
- Categories: Money & Finance
Publisher’s Summary
An inside look at what it really takes to become a better trader.
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 PDF will be available in your Audible Library along with the audio.
©2010 Mike Bellafiore (P)2012 Gildan Media
Priscilla Smalls
More than Proprietary Funded Trading
I was hesitant to listen to this book as other reviews stated is was about Bellafiore’s proprietary funded trading company. Fortunately, for me I gave it a try. This book was excellent for new traders as it provides information about the psychological behaviors of different types of traders. New traders give it a listen. It will be helpful for you.
6 people found this helpful
Amazon Customer
Pretty helpful
Amending my earlier review because while I found the earlier chapters more entertaining than educational, the later parts of the book where the author goes over the training program for SBC and how they coach their traders past each of their individual mental obstacles was actually pretty helpful! Initially I found the repeated references to “hot girlfriends” or comments about attractive women rather grating and unnecessary even though the author probably thought he was being pretty tame and merely injecting a light dose of humor & relatability into a book about trading. But those comments made the book feel rather dated and also evinced the sports-loving, Ivy-league-trained-alpha-male culture of trading desks, which was not a plus. However, I thought the topic of tape reading was very informative and helpful, and while most traders will already be familiar with the ideas being showcased in this book, placing it in these real-world framework through Mike’s anecdotes about his traders may help solidify those ideas (especially about risk management) and bring about real changes in how you execute your everyday trades.
4 people found this helpful