Book description
Want to become a truly great trader – either for yourself or for a proprietary trading firm? This book will help you get there. This unique approach is the closest thing to signing up for a “trader boot camp” yourself! You’ll learn by watching new traders walk through actual trades, explain what they’ve tried to do, and try to survive brutally tough expert critiques. One trade at a time, The Playbook reveals how professional traders must think in order to succeed “under fire,” how they assess their own performance, and how they work relentlessly to improve. Using concrete, actionable setups drawn from his extensive trading and training experience, Bellafiore walks through an extraordinary array of trades, showing readers how to maximize profits and avoid disastrous hidden pitfalls. He covers support plays, bull-and-bear flags, opening drives, important intraday levels, bounce and fade trades, pullbacks, scalps, technical opportunities, consolidation, relative strength, market trades, and more. He also presents indispensable insights on psychology and trader development, based on his work with hundreds of traders on a major commodity exchange and an elite prop firm’s trading desk. Packed with color, personality, and realism, this is an exciting guide to real-world trading.
Table of contents
- About This eBook
- Title Page
- Copyright Page
- Dedication Page
- Contents
- Acknowledgments
- About the Author
- Introduction
-
1. The PlayBook
- The Big Picture: First Know What Is Moving the Market
- Intraday Fundamentals: Trade with Real Order Flow Behind Your Stocks
- Technical Analysis: Friend and Foe
- Reading the Tape: Find Better Entries and Exits
- Intuition: Unartful Things Said During an Interview
- The PlayBook: An Example with a Second Day Play
- Top Ten Ways the PlayBook Can Help Your Trading
- 2. Trade Like a Shark
- 3. The Day Knight Capital Almost Fell (A Support Play)
- 4. TO: How Good Can You Be?
- 5. Follow the Trading Path of Pippen
- 6. Special Projects: Get Ready to Trade Pro
-
7. Prep
- It Is Everyone Else’s Fault But Mine
- Trader Rant
- Fear of Missing Out (FOMO)
- Follow Your Giveback Rule
- Consider the Big Picture
- Negative Self-Talk
- You Are Trading Too Many Stocks
- Making Money Starts with Being Professional
- Trading on Tilt
- Finding the Solutions
- From Our Training Room: One Good Losing Trade with Prep
-
8. We Are All Rudy
- The Blue-Collar Trader
- Do Poker Players Make Better Traders?
- Is a Gifted Mind Enough to Become a Great Trader?
- Mental Agility and Concentration Built from Gaming, But...
- You Cannot Execute If You Don’t First Settle Your Personal Issues
- Overthinking Harms Your Execution
- From the Training Room: A Technical Trade Review with Rudy
- 9. Iceman: No Guts, No Glory
- 10. GMan: Trading Is Not Easy
-
11. South Africa
- The No Trend Pledge
- A Trading Desk of Tennis Players
- Was It True That Stocks In Play Didn’t Trend in South Africa?
- The American Version of SMB Traders Off the Tracks
- Some “Proper” Traders
- Phillie: Some Call It Perspective
- Stevie: There Is No Option But to Succeed
- Carpe Diem: A Comfort for Action
- Brody: A Pursuit to YBT
- Rudders: Ultra Calm and Giving
- JoeBoy: The Natural
- Conclusion. The Future of Trading
- References: Works Cited
- Index
- FT Press
Product information
- Title: The PlayBook: An Inside Look at How to Think Like a Professional Trader
- Author(s):
- Release date: July 2013
- Publisher(s): Pearson
- ISBN: 9780132937672
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