One Good Trade

An inside look at what it really takes to become a bettertrader A proprietary trading firm consists of a group of professionalswho trade the capital of the firm. Their income and livelihood isgenerated solely from their ability to take profits consistentlyout of the markets. The world of prop trading is mentally andemotionally challenging, but offers substantial rewards to theselect few who can master this craft called trading. In One Good Trade: Inside the Highly Competitive World ofProprietary Trading, author Mike Bellafiore shares theprinciples and techniques that have enabled him to navigate themost challenging of markets over the past twelve years. He explainshow he has imparted those techniques to an elite desk of traders atthe proprietary trading firm he co-founded. In doing so, he liftsthe veil on the inner workings of his firm, shedding light on thechallenges of prop trading and insight on why traders succeed orfail. An important contribution to trading literature, the book willhelp all traders by: * Emphasizing the development of skills that are critical tosuccess, such as the fundamentals of One Good Trade, Reading theTape, and finding Stocks In Play * Outlining the factors that really make the difference between aconsistently profitable trader and one who underperforms * Sharing entertaining, hysterical, and page turning stories oftraders who have excelled or failed and why, many trained by theauthor, with an essential trading principle wrapped inside Becoming a better trader takes discipline, skill development,and statistically profitable trading strategies, and this book willshow you how to develop all three.