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.
