JOSEPH VALENTE - From ImpraGas Failure to CEO of Trade Coaching

If you are a trader, you really should read this book.

Reviewed in the United States on September 2, 2019

BOOK ON SUCCESSFUL (CONSISTENT) TRADER BEHAVIOR AND PSYCHOLOGY.

The author has looked deeply to understand why traders succeed or fail, and combines those insights with a passion for teaching and coaching. Knowing that skill and discipline are required to make money as a trader, he works in this book to instill that knowing in the reader, and tells how to develop skill and discipline in trading. It's a remarkable book. It is entirely focused on becoming a great trader, but the concepts apply to many endeavors in life. Highly recommended. Also see his other book, The Playbook. It's great, too.

6 people found this helpful

Reviewed in the United States on October 10, 2020

If you are looking for a book about daytrade techniques, this book is not for you. ThIs book is about the routine of a proprietary Desk and the profile of Traders who achieve consistency. The reason is behavior and psychology. The book tells the story of traders who failed and traders who were successful and there is a lot of INSIGHT in these stories. If Trader is competent, why trade on a proprietary Desk? Why not operate alone, without strict rules and without sharing the result of the work? All DAY TRADERS who have tried long enough in the market to the point of reaching frustration will find the answer in this book. At the proprietary desk, you either follow the rules and the trade plan or you are out. At home alone it is much more difficult to impose the necessary discipline, even if you have all the knowledge and technique. Read the book and you will get a lot of inspiration on what should be done. In short, it is a book on behavior, psychology and teamwork.

3 people found this helpful

Reviewed in the United States on February 13, 2020

Although getting the trading perspective that Mike provides in One Good Trade would be great at the start of your trading journey, I’m glad I read it now after 3 years of daily trading. The anecdotes and history of how he started, built his firm, crafted a superior training program and his vision for the ever changing markets provides me with a boost of energy to improve my game. The book is as relevant now as the day it was published. Thanks Mike for sharing with the rest of us!

One person found this helpful

Giulio Valerio Moretta

Awesome! Unexpectedly inspiring

Reviewed in the United States on August 3, 2015

This is one of the best book I ever read on the markets. Mike guides you into the world of prop trading, explaining in great detail how it is.

There is a lot to learn reading this book. While there are only relatively marginal teachings about how to practically trade, there are many advices on how to succeed in this tough world. This is because if you want to know exactly what they do you have to purchase their expensive training programs. I think they are worthy every penny anyway.

Reading this book I learned that tape reading is a key skill to make money, even though no one talks about it. It is really a forgotten skill and it is very hard to find who can teach you. There is also an entire chapter devoted to maximizing your profits that is very helpful.

There are many concepts you will find only in the best books on trading. Mike explains very well why and how traders succeed and how traders fail, with many many anecdotes about him and his traders.

Frankly, I did not expect Mike and Steve, the founder at SMB to be so patient. They really care about the traders they train and would do whatever it takes to make you succeed. Also I did not know how much money prop firms invest on the traders before they become profitable. They think a trader is a very valuable resource and are willing to invest a lot of time and money on the worthy candidates.

SMB is really a top notch firm and I know many people would kill to be there, including me.

The book is well written and very funny to read. I laughed hard many times. There are some typos that need to be corrected.

8 people found this helpful

Amazon Customer suprised

I loved reading this book!!! Well worth the price.

Reviewed in the United States on March 12, 2021

I learned so much about trading after reading this book. I don't day trade like they do but buy reading about the different traders and their unique way each one of his traders approach the market really opened up my eyes to what it takes to be a highly successful day trader.

Entertaining & Educational

Reviewed in the United States on February 7, 2019

In my opinion this is one of the best books for any type of trader.

There are some real nuggets in this book that will make you a better trader. Bella has an entertaining writing style. The book is a great mix of practical, tactical Trading Tips while being entertaining along the way. I love this book!

2 people found this helpful

Reviewed in the United States on July 20, 2020

Highly recommend this book for any trader at any level. This book tough me what it takes to be successful in anything and I will forever be grateful. The lessons start when you are applying these tactics to your trading and seeing how well you follow through with them.

One person found this helpful

Reviewed in the United States on September 4, 2020

Excellent!!

One person found this helpful

ChristianAmazonCustomer

Great entertaining book!

Reviewed in the United States on September 19, 2016

I love this book, very interesting insight into the world of proprietary trading. If you are interested in trading, please give this book a read. It talks a lot about the psychology of trading and what it takes to make it in this business. This book definitely contributed to me wanting and seeking out trading as a profession, and Mike is a very entertaining guy throughout the book. If you have any interest in how prop shops operate, or are interested in the stock market in general, I would recommend this book. I have read it multiple times and it gets more and more entertaining each read!

One person found this helpful

Reviewed in the United States on August 18, 2017