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:
Becoming a better trader takes discipline, skill development, and statistically profitable trading strategies, and this book will show you how to develop all three.
©2010 Mike Bellafiore (P)2012 Audible, Inc.
I really liked how the author would convey learning topics with real-life examples in the form of stories. He used actual people's hard learned lessons to teach the reader some things to do and some things not to do. The stories had depth and meaning and were enjoyable to listen to.
I liked how real the entire book felt. I feel like I now know Bella and Steve like they were my personal mentors. I feel like I could walk up to any person mentioned in the book and strike up a conversation like we were best buds from college. Most books on the stock market are very dry and hard to stay interested in but not "One Good Trade"! Out of the dozens of Trading books I have read/listened to this one is by far my favorite.
Although it is hard to talk about an actual scene in this book I would have to say I liked how Bella would describe the different traders and their trading style. It was helpful for me to hear how different people had different styles of trading and what worked best for them.
One Good Trade!
Great book, really one of the best books about trading out there. It has just enough teaching as it does story telling to keep me interested and coming back for more. I have listened to this book prolly 6-7 times in its entirety. It is that good.
I actually looked up the authors company and read about what employees current and past had to say. Basically they said that he hasn't made money since the Internet boom, and the objective of the firm and this book is to sell their training courses and various other things they market. Well I don't think that's fair since there are some good insights in the book, it is clear that it is more an advertisement than anything else. In addition they keep talking about how much money they make and how great they are, and they don't mention that any trader who works for them basically has to put up a lot of their own money to participate 50-50 with the firm. I would be very suspect,I much prefer market wizards or reminiscences of the stock operator if you're really trying to learn how to trade.
Great book for the developing trader, let this be the first book you read on trading if you want to be serious about. Teaches psychology, skills and history.
I loved it and will be listening again and again. Taught me the nuts and bolts of thinking like a real, active professional trader.
Great information and stories, however, this is not the right narrator for this style of writing. Needed someone like Amy Poehler to narrate such a witty book.
Kevin Foley should be doing infomercials, not narrating such witty books that require emotion and inflection in the voice.
a deeper look into the performance aspect of trading, and not just the heady stuff. very well written, and encouraging. all of the sports anecdotes really drive home the fact that trading is very much a performance based "sport!" I will read it a second time and move on to The Playbook.
I'd recommend it to someone considering a career in trading, but no one else.
The narration was alright, but the author should have hired an editor to improve on his language skills in many places. It doesn't surprise me though, that he did not. See the additional comments.
I'm a forex trader who's put in his three losing years and am now finally enjoying success. This book is exactly what I need right now, and I plan to play it over and over again while waiting for my setups to play out. Lots of good tips, but does this guy have any idea how full of himself he is? I don't care how much money he's made or how experienced or successful he is. Nobody wants to hear this many hours of a guy telling us how great he is. And then he criticizes many of his hires that don't make it because of their arrogance and ego? Physician, heal thyself!
Great for any aspiring trader. Bella's book details many challenges that so many traders experience in the financial markets. Very inspiring to always be learning.
Lover of the written word. Or the recorded written word. Favorites are nonfiction, history and investing/trading.
I'd rank this high among the list of books related to trading that I have read.
The author is a good story teller and seems to have no shortage of characters in his digital jungle. This book doesn't teach outright trading strategies, at least not in the traditional sense, however, I do recommend it. I easily put it in the top 10 of trading books that I've ever read/listened too. That said I am not someone who purchases trading books wanting the authors methodologies I really care more about the attitude and thought processes. Highly recommended!!
Although I'm not an intra-day trader, I find the book filled with great trading advice. One thing that I learned to be a successful trader is - you gotta work hard! This really hit the nail on the head, in contrast to those trading system/course that promises you great profits for spending just 15 mins trading a day.
"Good book with lots of knowledge."
One of the best books I ever listened. It is thick with knowledge even if it isn't served straight away.
"Time to buy the book rather than jug down notes!"
Lots of good tips for traders + a lot of marketing efforts for his firm but nevertheless lots of great lessons to help day traders.
"Very good !!!"
Useful and practical insight in the world of prop trading! A nice book to hear and understand better the whole industry.
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