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One Good Trade
Inside the Highly Competitive World of Proprietary Trading
Mike Bellafiore (Author)
9780470529409, Wiley
Hardback, published 20 August 2010
368 pages, Charts: 35 B&W, 0 Color; Tables: 1 B&W, 0 Color
23.1 x 16.3 x 3.3 cm, 0.544 kg
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.
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 Chapter 7 Stocks In Play 165 Chapter 8 Reading the Tape 193 Chapter 9 Maximizing Your Profits with Scoring 223 Part IV The Trader’s Brain 249 Chapter 10 Trader Education 251 Chapter 11 The Best Teacher 285 Chapter 12 Adapt to the Markets 305 Chapter 13 The Successful Trader 335 Bibliography 339 About the Author 347 Index 349
Subject Areas: Finance & accounting [KF]
