One Good Trade

Book Summary

This book strips away the glamour of Wall Street to reveal that elite trading is a high-stakes performance sport built on discipline, not luck. Mike Bellafiore argues that long-term success comes from obsessing over a rigorous process and executing "One Good Trade" at a time.

Key Concepts:
The "One Good Trade" Mantra: Prioritizing perfect execution over daily profit and loss.
Stocks In Play: Focusing exclusively on stocks with high volume and fresh catalysts.
Reading the Tape: Using order flow and market prints to find micro-edges.
The Pyramid of Success: Building trading excellence on a foundation of character and hard work.
Adaptability: The necessity of evolving your strategy as market regimes shift.
Risk Management: Protecting your "mental capital" and staying in the game at all costs.

Why It’s a Must-Read:
This book replaces "get-rich-quick" myths with a professional blueprint for survival. By treating trading as a skill-based craft rather than a gamble, it provides the psychological grit needed to turn the market from a "fierce adversary" into your "most exacting teacher."