One Good Trade

Description

One Good Trade by Mike Bellafiore provides a behind-the-scenes view of the ideas and techniques of experienced proprietary traders at SMB Capital, one of the top prop trading companies on Wall Street. This book is about the process, discipline, and decision-making separating the professionals from the amateurs, not just about techniques.
Bellafiore uses years of knowledge operating his company and instructing traders to demonstrate how to create consistency in trading. The book’s central thesis is simple but strong: excellent traders emphasize on making one single good transaction at a time. Through focused attention on great setups, rigorous execution, and ongoing training, traders may establish a repeatable technique producing long-term success.
The book shows how skilled traders handle preparation, journaling, self-review, and mental performance using genuine trading experiences, personal insights, and lessons from novice and seasoned traders. Bellafiore stresses the need of developing solid habits, evaluating your benefit using statistics, and managing trading as a real business.
The book also looks at typical psychological errors, the need of tutoring, and how modern trade is affected by technology. One Good Trade offers practical advice grounded in the realities of trading floor whether your level of experience is new or you intend to hone your edge.
For anybody hoping to trade like an expert, this book is a high pick because of its mix of useful knowledge and first-hand stories.
Now available online in Pakistan—get your copy of One Good Trade from Alpha Readers Club and learn from prop trading master Mike Bellafiore.