WHAT IS A FLOAT? WHAT IS A LOW FLOAT STOCK?

Wife is helping me do some research and she asked me what a float is. I told her its not the same thing I came off when we got married! …thats a different story. Check out the video and I hope I answered your question.

 

 

BOOK REVIEW: “ONE GOOD TRADE: INSIDE THE HIGHLY COMPETITIVE WORLD OF PROPRIETARY TRADING” BY: Mike Bellafiore

I picked up this book because I wanted to know all I could about working for a proprietary trading company. Back in May I was trading for a prop firm and I wanted to know what its like to work for one and what to expect. I bought this book off audible and it took me about a month to finish. The audible version is 15 hours and 8 minutes long.

The book was more geared toward SMB Capital, the prop firm the Author co-founded in New York City. The book is entertaining to read and it gives a lot of good insight about specific traders that used to work at SMB. Mike Bellafiore the Author and the co-founder of SMB Capital gave a general overview about what it takes to trade and work at a prop firm. He talks about how to be a good trader, what skills you need, type of personality, and work ethic to be successful trader. I would definitely say that Mike has seen a lot of people come and go and the ones that stick around have the right motivation and desire to progress as a trader. Mike talks about a lot of the traders that he managed and the ones that went on to be extremely successful and the ones that did not last.

I would recommend this book to anyone who wants to get a insight on proprietary trading and what it’s like to work for a prop firm such as SMB Capital. If you are looking for more educational material or a strategy book where you can apply the information right away then this book is not for you. This book is going to give you a general overview of prop trading, personally I think its a good book and if you are new to trading then I would recommend this book so that you can get a overview of a day in the life of a trader.