This excerpt from One Good Trade details Michael Bellifiore's experiences building a proprietary trading firm and offers advice for aspiring prop traders. The book explores essential skills, including market adaptation, psychological resilience, and precise trade execution. It features profiles of successful and unsuccessful traders, highlighting key traits like competitiveness, discipline, and the ability to learn from mistakes. The author emphasizes the importance of consistent, well-prepared trades, a concept he calls "One Good Trade," and stresses the value of mentorship and a strong firm culture.