One Good Trade

A proprietary trading firm hands its own capital to professional traders, whose income depends entirely on taking consistent profits out of the markets. Mike Bellafiore, who co-founded such a firm, shares the principles and techniques that have carried him through difficult markets over twelve years and explains how he passes them on to the traders on his desk. He opens up the inner workings of his firm and examines why traders succeed or fail. Among the core skills he stresses are finding stocks in play, reading the tape and the fundamentals of one good trade. Stories of traders who excelled or failed, many of them trained by Bellafiore, each carry a trading principle.

Aviers Lim, CEO of Gashub, said that although it is not strictly a business book, its lessons carry over to business: patience in timing a move, and reading the tape as a way to understand the flow of a company's market.