Howard Lindzon, Tim Bourquin, Dr. Brett Steenbarger, Charles Kirk,Jason Gardner, Nadav Sapeika, Brian Shannon, Corey Rosenbloom,Damien Hoffman. The news before the Open was not good. Asia had digested the Dubainews and showed signs of food poisoning. The Asian markets got ham-mered and our markets were poised to open supremely weak. But Stevereminded all of us that market psychology mattered most. The market hadshrugged off every piece of negative news since SPY traded at 70 just ninemonths before. The pattern to “buy the dips” had rewarded traders all dur-ing 2009. Steve counseled that if SPY held above 109.10 then this would bea signal that Dubai was just another piece of news the market would likelyshrug off. It did. The first chapter introduces various traders at SMB Capital and shows attributes that characterize these people and make them successful. One of the traders even evolved out of “I give up” to the Head Trader. Bellafiore, M (2013) The Playbook: An Inside Look at How to Think Like a Professional Trader, FT Press.

The results of others have no effect on your trading. Trading is about personal skill development, discipline, and controlling your emotions. If the person to your left has developed his trading skills and yours are not as developed, then naturally your results will be worse. If the person to your right is disciplined and you are not, then your results will be worse. If the trader behind you remains calm during most of the trading day, yet you are easily frustrated, then your trading results will be worse.Thank you all for your suggestions for my book title. There is so much more that goes into writing a book than writing the book. Choosing the best title is one such example. BTW if anyone has not figured out my title yet see the blog title above.

The ultimate goal must be to survive in the marketplace and to never give up. If you find one way to survive, then the good times will come. Even if one of the market again missed a bloody nose. That is the message of this chapter. So let’s get to this. These are all great guys, and their humorous anec-dotes are sprinkled throughout the book to give you a courtside seat at ourgame, to show you what really goes on inside the prop trading arena. Here’stheir introduction. The good thing about trading as a newbie is that you will probably never be as bad again as in the beginning – if you focus on learning, you will improve. As with all things, we are not born as a master, but must evolve towards one. And, as simple as it may seem, do more of what works and less of what does not work. To my beautiful fiancee, Meghan, the best part of my every day is mytime spent with you. My best One Good Trade was committing to you.

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Profitable traders just always try to do the right thing – and not to make money. They are looking for the best risk/reward situations and use them. Their focus is to make a good trade after another. Failing is not an option for me,” said MoneyMaker during his interviewwith me. I didn’t make much of this during my first meeting with him be-cause, honestly, a lot of candidates say stuff like this in their first interview.But for some reason I remember in great detail MoneyMaker saying this tome. And recently I asked him if he remembered this. He didn’t. But he ex-plained, “Trading is what I want to do, Bella. So failing is not an option.” Oh. Trading is not a 100-hr a week job. At least, it isn’t for me. It certainly shouldn’t be. Trading is as close to being a professional athlete as I can think of. You must be well rested. Your performance changes from day to day. Trading – like sports – is performance based. Traders who trade well, just like athletes who play well, are paid more than they deserve. A trader must recharge after the trading day. You must be fresh and alert for the next session. Save the 100-hr work weeks for the investment bankers, lawyers, and analysts (and partners of trading firms like me). One Good Trade was one of the books that I devoured in no time. A book that absolutely belongs on the shelf. And if you ask me, it even has the potential to become a classic of trading literature.