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Summary

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. 

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2010 Mike Bellafiore (P)2012 Gildan Media

What listeners say about One Good Trade

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If you are serious about trading

Mike is a great storyteller and troughs "pages" of this book helps me shorten the time I need to become CPT. Do you wonder what is CPT? CPT is Consistently Profitable Trader. Before anyone can make trading a profession and live a comfortable life first you have to stop losing money. You have to learn the rules of how the market operates. The market can be generous or ruthless and it is up to you to make sure you are more often on the generous side than ruthless. The market does not care if you have to pay for medicines that will save your life or will wallpaper your garage with $100 bills. The market is impartial, the market is the market. Follow its rules and prosper or face the consequences. Mike is a great teacher, I wish I could have someone like Mike next to me on my trading sessions. When you learn you want someone who can point out your mistakes and don't just praise you. Failed that, this book is the next best thing. You should "read" (or listen) to this book not once but many times. Every few months or every year or so. Each time you can pick another great diamond that will help you. Remember trading is not a race, it is a marathon.

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  • Priscilla Smalls
  • 03-11-20

More than Proprietary Funded Trading

I was hesitant to listen to this book as other reviews stated is was about Bellafiore's proprietary funded trading company. Fortunately, for me I gave it a try. This book was excellent for new traders as it provides information about the psychological behaviors of different types of traders. New traders give it a listen. It will be helpful for you.

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  • Rico
  • 05-10-20

Great

Great book on the psychology of trading. Will definitely revisit book again in the future.

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  • Utilisateur anonyme
  • 16-08-20

Great book honestly

This is not a good book for beginners really. However if you are moderately experienced and know how to trade the concepts in this book will increase your profitability.

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  • Sven L.
  • 07-08-20

Informative as well as entertaining.

This book provides a wealth of information as well as great entertainment. Mike is a great writer and teacher. A must read for anyone interested in trading.