- Table of contents (7 chapters)
- Mike Bellafiore
- 464 Pages
- Business, Trading
About this Book
"One Good Trade: Inside the Highly Competitive World of Proprietary Trading" by Mike Bellafiore provides an in-depth look into the world of proprietary trading, offering a rare glimpse into the practices and mindsets that define successful traders.
Written by one of the co-founders of the esteemed proprietary trading firm SMB Capital, this book delves into the unique challenges and opportunities present in this high-stakes environment.
Through real-life anecdotes, detailed case studies, and firsthand accounts, Bellafiore reveals the strategies and habits of top traders, emphasizing the importance of discipline, preparation, and continuous learning.
"One Good Trade" is both an engaging narrative and a practical guide, showcasing what it takes to thrive in the fast-paced world of proprietary trading.
What You'll Learn
- The Core Principles of Trading : Gain a deep understanding of the fundamental principles that guide successful trading, including risk management, discipline, and the pursuit of high-probability trades.
- The Importance of Process : Learn why focusing on making one good trade at a time, rather than trying to predict the market, is key to long-term success. Bellafiore emphasizes the significance of having a solid process over chasing profits.
- Trading Techniques and Strategies : Discover the specific trading techniques and strategies used by top proprietary traders. The book covers a range of approaches, from technical analysis to tape reading, providing insights into how professionals analyze and execute trades.
- The Role of Psychology : Understand the psychological challenges traders face and learn how to manage emotions, build resilience, and maintain focus. Bellafiore shares insights into developing a strong mental game, essential for handling the pressures of trading.
- The Trader’s Mindset : Explore the mindset necessary for success in trading, including the importance of adaptability, perseverance, and the continuous pursuit of knowledge. The book highlights how successful traders think and approach the market.
Who This Book Is For
- Aspiring Traders : If you're new to trading and looking to understand the realities of the trading floor, this book provides a comprehensive introduction to the world of proprietary trading, equipping you with the knowledge to begin your trading journey.
- Experienced Traders : For those already engaged in trading, this book offers valuable insights into refining your strategies and improving your performance. Bellafiore's firsthand accounts and practical advice provide an opportunity to learn from the experiences of top traders.
- Finance Professionals : Professionals working in finance who wish to gain a deeper understanding of trading dynamics and the mindset of successful traders will find this book an insightful resource.
- Anyone Interested in Trading Psychology : This book is ideal for readers interested in the psychology of trading, offering a detailed exploration of the mental challenges and strategies that underpin trading success.