In One Good Trade, Mike Bellafiore reveals the innerworkings of the proprietary trading firm he cofounded, detailingthe challenges of prop trading and explaining why traders succeedor fail. In the process, he shows how you can use the skills andstrategies developed at his firm to improve your own tradingsuccess.
The author takes you inside the world of prop trading to showhow the professionals trade successfully, sharing all the importantmarket lessons he has learned over the course of his career whileintroducing a fascinating cast of characters, some of whom havesucceeded, and too many who have failed. He offers a range ofstraightforward trading strategies, such as breakouts fromcongestion, trading off support and resistance, and identifyingconsolidation setups. Perhaps more importantly, he explains theimportance of other, often overlooked skills critical to successfultrading: developing consistency in monitoring markets anduncovering trading opportunities, discipline in executing trades,making rational risk/reward bets, and managing trading capital. Hereveals those skills through illustrative stories of the growth ofhis trading firm and the ups and downs of traders he hastrained.
Becoming a better trader requires discipline, a thick playbookof trading setups , and well-rounded trading skills, and OneGood Trade will show you how to develop all three.
"Bellafiore is a committed and dedicated trader and teacher ofthe profession. His book shows the same attention to detail and thefiner points of making a career in trading."
—Howard Lindzon, cofounder and CEO, StockTwits
"A terrific book for traders who desire to gain a completeunderstanding of the inner workings of proprietary trading and whatit takes to become a consistently successful trader."
—Charles E. Kirk, The Kirk Report
"If you've ever desired to journey into the professional worldof a leading proprietary trading firm—how they organize theirstrategies, train new traders, select stocks in play, and evenfight the mental game of trading, then One Good Trade iscertainly the book for you."
—Corey Rosenbloom, CMT, President, Afraid to Trade
"One Good Trade is the only book I know that truly takesreaders inside the proprietary trading world and explains what ittakes to achieve career-long success."
—Brett N. Steenbarger, PhD, author, TradeFeedblog and The Daily Trading Coach
"With One Good Trade, Mike Bellafiore gives you afront-row seat to see what it takes to become a successful traderin today's volatile markets. The stories and examples of how sometraders achieve incredible wealth and how others crash and burn aregreat lessons for any aspiring trader."
—Tim Bourquin, cofounder, www.TraderInterviews.com
"One Good Trade provides an insider view to the world ofproprietary trading. If you are new to trading, you will learn thatsuccessful trading requires a lot of hard work, resiliency,discipline, continuous introspection, and a courageousness tochallenge yourself and adapt."
—Jason Gardner, Managing Director, Head of Trading,Kershner Trading Group
"Exceptional care coupled with a standard of excellence andattention to detail is the mantra that is at the foundation of SMB.Mike and Steve have created a unique and insightful angle to thedevelopment 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 thosewho are interested in a good read about the behind-the-scenesgoings on of a successful trading business."
—Brian Shannon, author of Technical Analysis UsingMultiple Timeframes
One Good Trade is a great book! I bought the Audible.com version, as I do a lot of driving. Good narration. Read morePublished 3 months ago by jsw
I think the bad reviews are from people with not enough maturity as traders.
This book provides invaluable advices on how to approach trading professionally. Read more
The SMB Training website reveals that "SMB is a division of T3 Trading Group, LLC, a CBSX broker dealer. Read morePublished 9 months ago by Michael
Lots of tips that you can try in your trading. Although, mainly focused on day trading you can see time and again the common process (as presented by many successful traders) such... Read morePublished 9 months ago by Rob
While charts and procedures are important to trading, it takes much much more than mechanics to become a Consistently Profitable Trader (CPT in the book). Read morePublished 10 months ago by Chiefasaurus
Firstly, to provide some context, I'm an aspiring day trader. This book was well suited to my needs. Read morePublished 13 months ago by Alex
I got this one on Audible. And immediately regretted. Basically, this is book full of stories and anecdotes that aren't very interesting but try to be. Read morePublished 13 months ago by someguy2004
It gave me excellent insights into day trading. It requires skills, hardwork, dedication and most importantly a proper environment to be a good trader. Thank you Mr.Bellafiore.Published 14 months ago by NV Choudary
I bought the Audible version of this book and finished it over a weekend. You can not consider yourself a trader if you do not learn from this book. Read morePublished 17 months ago by R. Jaeger