One Good Trade: Inside the Highly Competitive World of Proprietary Trading: 454 (Wiley Trading) - Hardcover

Reseña del editor

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.

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Praise for One Good Trade

"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