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.

Autorentext

MIKE BELLAFIORE is a cofounder of SMB Capital, a proprietary trading firm in New York City. He has had numerous trading articles published in SFO Magazine. SMB regularly appears on CNBC and TheStreet.com. SMB also hosts four trading shows a week on StockTwits TV, the first Web-native finance television network. Bellafiore's trading strategies have been featured in Brett Steenbarger's book, The Daily Trading Coach, and his trader training program was recently highlighted in Trader Monthly and on the TV documentary Wall Street Warriors. Bellafiore is a regular contributor to the SMB blog, which provides market stories and trading advice. He was a speaker at the 2009 Traders Expo in New York. Bellafiore is a graduate of the University of Connecticut School of Law and a former member of the University of Connecticut Board of Trustees.

Zusammenfassung
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.

Inhalt

Preface vii

Acknowledgments xi

Part I Inside a Prop Trading Firm 1

Chapter 1 These Guys Are Good 3

Chapter 2 One Good Trade 31

Chapter 3 A Good Fit 53

Part II Tools of Success 83

Chapter 4 Pyramid of Success 85

Chapter 5 Why Traders Fail 117

Chapter 6 Live to Play Another Day 141

Part III Getting Technical 163