• One Good Trade

  • Inside the Highly Competitive World of Proprietary Trading
  • By: Mike Bellafiore
  • Narrated by: Kevin Foley
  • Length: 15 hrs and 8 mins
  • 4.8 out of 5 stars (398 ratings)

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One Good Trade

By: Mike Bellafiore
Narrated by: Kevin Foley
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Publisher's Summary

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. 

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2010 Mike Bellafiore (P)2012 Gildan Media

Featured Article: The Best Trading Audiobooks for Improving Your Financial Savvy


When it comes to the economy, advice from various experts and perspectives abounds—so much so that it can feel like you need advice on which advice to take. And for those who specialize in trading, general financial advice or even investment instruction is often not specific enough. When dealing with the high stakes associated with trading, either as a hobby or a career, it’s essential to seek out wisdom from those who have learned from experience.

What listeners say about One Good Trade

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More than Proprietary Funded Trading

I was hesitant to listen to this book as other reviews stated is was about Bellafiore's proprietary funded trading company. Fortunately, for me I gave it a try. This book was excellent for new traders as it provides information about the psychological behaviors of different types of traders. New traders give it a listen. It will be helpful for you.

6 people found this helpful

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Pretty helpful

Amending my earlier review because while I found the earlier chapters more entertaining than educational, the later parts of the book where the author goes over the training program for SBC and how they coach their traders past each of their individual mental obstacles was actually pretty helpful! Initially I found the repeated references to "hot girlfriends" or comments about attractive women rather grating and unnecessary even though the author probably thought he was being pretty tame and merely injecting a light dose of humor & relatability into a book about trading. But those comments made the book feel rather dated and also evinced the sports-loving, Ivy-league-trained-alpha-male culture of trading desks, which was not a plus. However, I thought the topic of tape reading was very informative and helpful, and while most traders will already be familiar with the ideas being showcased in this book, placing it in these real-world framework through Mike's anecdotes about his traders may help solidify those ideas (especially about risk management) and bring about real changes in how you execute your everyday trades.

4 people found this helpful

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Not great

I bought this expecting a book about trading, it really is just a bunch of sports analogies and anecdotes about how much this guy likes dudes.

4 people found this helpful

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Poor imitation of New Market Wizards

Most of this book is spent advertising the authors firm and telling the short stories of why they give nicknames to their traders. If you have no idea how a prop firm works, sure this will give you some insight, but otherwise it is basically a poor imitation of "The New Market Wizards" without any actual meat on the bone. Don't waste your time if you are looking for insights to be a better trader. Even the title of the book does not make much sense other than to say you should focus on one trade at a time. While the author says to focus on "One Good Trade" there is not much detail about what exactly that means other than to keep going and focus on the next trade.

There is also quite a bit of repetitiveness in the book with stories that overlap and at times I found myself saying "Why are you repeating this again, you already wrote this a few chapters ago.". If anything I would put this book in the "memoir" category.

2 people found this helpful

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This Book Can Become a Reality, that's up to you

Best book I have read for a while and work for a prop firm making their own reality of this world.

2 people found this helpful

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No title relevance.

The title of this book should be "One Good SMB Capital Promo". Misleading on what the book is actually about, which is, SMB doing individual trader promos and for their company. Nothing about"one good trade". Seems to be the theme for SMB. Decent information, but if you thought you were reading a book about monster setups or trades, it will disappoint.

1 person found this helpful

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A great read for any kind of trader

This book has a lot of great lessons you can learn and put in your trading plan to improve.

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Nuggets

Mostly stock trading insights, but good content overall. Since, I have began my lessons on tape reading.

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Day trader is my dream.

I have been studying day trading and l don’t know if l have experience or not. one thing that l noticed in my paper trading if l have a margin account l can make money. l love anything related with stocks. one thing that l don’t have is the money but one day am gonna reach my goal. Thank you Bella for share your experience.

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Repetitive but insightful

I had to skip a chapter that talked about hiring and HR forever and some things are repeated over and over in the book, but this book taught me concepts and made improved my motivation and awareness. I can say that it contributed to my trading psychology and skills.

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  • Lee Anderson
  • 12-31-20

The best book on modern trading.

Explains anecdotally the inner workings of smb capital, the proprietary trading house, NY.

Excellent book, I await the follow up appearing on audible, “The Playbook”.

2 people found this helpful

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  • Tishan
  • 03-04-21

Insightful & Entertaining

A fascinating & useful insight into the inner workings, structure & the personalities involved in the running of a prop firm. Both mind opening & entertaining.

1 person found this helpful

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  • Simon
  • 07-05-22

Indulgent

Far far too long winded. Feels like watching an old person’s slide show. Shame as there’s a good story to tell and good info from a leading figure.

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  • G Singh
  • 05-25-22

A great audio book to support the reading book

I had already read the book a few months ago, like anything I want to excel in, I must immerse myself and create repetition as it’s the mother of all skill (said by someone else) , the book and the audible do both for me, not just once but after 3-4 reads and 3-4 listens over the course of a year, your understanding, knowledge will vastly help you fine your skills as a trader, especially if you can apply the knowledge. Knowledge is not power, but the application of that knowledge is power (also said by someone else), Mike Bellafiore empowers you with his great books and trainings. Thank you.

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  • ChuzzyChu
  • 04-23-22

This is a must for anyone who trades! 🔥🔥

If you're a stock trader, sports trader, fx trader... Or are in any kind of trading career, this is a must! I highly recommend this audiobook, because it'll be extremely beneficial for your Mindset and it'll also offers ideas for creating your own trading strategies. All the best! 👍🏾

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  • Anonymous
  • 07-16-21

Trading Classic

A captivating trading book, full of invaluable info for any trader, novice or experienced. Also a great insight to prop trading in SMB and understanding what it takes to become a successful trader.

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  • xxvms
  • 08-15-20

If you are serious about trading

Mike is a great storyteller and troughs "pages" of this book helps me shorten the time I need to become CPT.
Do you wonder what is CPT?

CPT is Consistently Profitable Trader.

Before anyone can make trading a profession and live a comfortable life first you have to stop losing money.
You have to learn the rules of how the market operates.
The market can be generous or ruthless and it is up to you to make sure you are more often on the generous side than ruthless.
The market does not care if you have to pay for medicines that will save your life or will wallpaper your garage with $100 bills.
The market is impartial, the market is the market. Follow its rules and prosper or face the consequences.

Mike is a great teacher, I wish I could have someone like Mike next to me on my trading sessions.

When you learn you want someone who can point out your mistakes and don't just praise you.
Failed that, this book is the next best thing.

You should "read" (or listen) to this book not once but many times. Every few months or every year or so.
Each time you can pick another great diamond that will help you.

Remember trading is not a race, it is a marathon.

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  • Andrew
  • 10-17-22

Great Story

Very interesting. I loved the story and while I am unlikely to become an intraday trader I still learned a lot.

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  • Chris B
  • 07-06-22

Absolute trading trench warfare

Brilliant insights, inspiring and complete. When you think trading has your number, Mike reassure you it’s not all about trading, it’s about you. Thank you Mike for the life lessons

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  • Lex AU
  • 02-26-22

Right up and a must read for traders and wannabees

This book is a compressed version of what every aspiring trader NEEDS to read (all traders really). It is deeply insightful in the mindset for successful trading and mechanics and many other aspects that touch on trading. He explains concepts patiently and in detail and with integrity. Its a bit like drinking from a fire hydrant of insights and I have gone through this 3 times to ensure nothing missed. And bought several copies for friend contemplating the journey. Well done Mike and thank you for making the effort and for sharing with no holes barred. 11/10.

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  • Anonymous User
  • 01-08-22

Couldn't put it down

High level of skills and experience making Mike and his team the most trusted source in the industry

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  • Anonymous User
  • 01-02-21

Good insights

Good insights, easy to listen to. I applaud Kevin for his great performance on a book that maybe dry. His reading was not. Cheers.