User Reviews
"One Good Trade" the Bible for Prop Trading
" I am a full-time day trader and have read many trading books. Mike Bellafiore's, ""One Good Trade"" is one of the best!!! ""One Good Trade"", takes you inside the World of Prop Trading. Mike ex Read more...
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"""One Good Trade"" is not your typical trading or technical analysis book. In fact, it is really neither of those. The book is very entertaining with all of the anecdotes that Bella spreads across each page that help to give you a glimpse into his world, and the world of a proprietary trader. The l Read more...
If you are planning on reading this book to gain day trading knowledge, look else where. However, if you are interested in hearing how a prop firm runs and what its like to work there, look no further. The author does a great job selling his company although he does not talk much on trading strategy Read more...
I purchased the audio version and have listened multiple times. The first part of the book about the prop firm didn't care for it, but the rest of the book has pearls of wisdom. I have listened to "reading the tape" over 10 times just soaking it in like a stock ready to rip. If you don't have this b Read more...
"The title, ""One Good Trade"" refers to a process as taught by SMB Capital, a proprietary trading firm which Mr Bellafiore owns with a partner. The process entails following the seven fundamentals taught by SMB through the entry and exit of a trade and then going on to the next trade and following Read more...
"Mike Bellafiore runs a chop shop that rips off many traders (SMB Capital) but I have to hand it to him. He is a great author, entertaining story teller, and he doesn't BS you. He tells the truth about prop trading.... actual facts. Facts like: its an extremely tough industry, judged daily by p&l, Read more...
While it was interesting to learn about how Mike became a successful trader and ultimately ran his trading desk, the book too often trended towards patting him and Steve on the back for how much better the way they ran things was and doesnt truly highlight that despite their tutelage traders will fa Read more...
"Mike Bellafiore do present himself and his shop very realistic in my opinion. He believes in hard work and being interested in what you do. Their trading ideas are just ideas. During the entire book he keeps stressing the importance of cutting losses early. As he says, the alternative ends careers Read more...
"I read this book front to back. The chart patterns he indicates are the most basic setups taught to n00bs. the book is basically a long sales pitch for SMB capital. There is no insight into real prop trading that people would like to read about. I.E. black boxes, ECN routing, rebating, fair commiss Read more...
"If you are looking for a get rich quick book, I'd recommend you look else where. If you're looking to improve trading and learn about how proprietary trading firms operate, this is a valuable asset to your trading arsenal. I was quite excited to read it since it is the first book ever written about Read more...
"Be prepared it is long, I would never write a review this long or one in general really, but I felt compelled to do this. Actually I think it was my duty to direct readers away from this book. I have never read such dross in my life. Self-glorification, narcissism, fluff, delusional ideals, and un Read more...
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