Product Description

Expert tactics to become make the most of every swing trade

In Mastering the Trade, veteran trader and educator John Carter shares his hard-won five-point technique for successful swing trading. In addition, Carter helps you move to the next level of confidence by explaining how markets really work and detailing behind-the-scenes market mechanics.

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Product Details

• Amazon Sales Rank: #54137 in Books
• Published on: 2006-01-01
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 388 pages

From the Back Cover

Turn your fascination with trading into a lucrative, full-time career

Mastering the Trade presents you with a step-by-step, innovative approach for becoming a successful professional trader. Full-time trader and fund manager John F. Carter combines an insightful market overview with specific trading strategies and concepts, providing you with chart setups, trading methodologies, vital money management principles, essential psychological guidelines, advice on powerful hardware and software, and more.

This results-driven book sets aside timeworn basics and rehashed ideas to present and examine in detail the underlying reasons that cause prices to move. Its proven program can be used to consistently get in early on market moves, either jumping right back out when you realize you've made a mistake or hanging on for a long and profitable ride.

From valuable hardware and software to market mechanics, pivot points, position sizing, and much, much more, Mastering the Trade covers:

• The five psychological truths that you must know to transform yourself from a deer-in-the-headlights beginner into a savvy professional
• Proven set-ups, with optimal markets and a set of non-negotiable trading rules for increasing the effectiveness of each
• Exact entry, exit, and stop loss levels for the intraday trading of stocks, options, ETFs, emini futures, 30 year bonds, Forex currency markets, and more
• Seven key internals, from TICKS to 5-minute volume, that are critical for gauging pending market direction from the opening bell
• A pre-market checklist to analyze recent market behavior and calculate what you plan to do, how you plan to do it, and why
• Non-negotiable risk control techniques that protect trading capital, the most important component of a professional trading career
• Tools and techniques for stripping away the cookies, spam, and other hard drive cloggers that rob you of valuable computer speed

After spending years on various trading desks, John Carter developed an intuitive understanding of how the markets work. In Mastering the Trade, Carter gives you unlimited access to everything you need to know--which trading systems work best in specific markets, techniques for controlling losses, internal strategies for overcoming the danger of emotions--to make an exceptional living on the frontlines of professional trading.

Praise for John Carter's Mastering the Trade:

"Mastering the Trade is an excellent source for a basic understanding of market action, be it day and/or longer term trend trading. A programmer will have a field day with the many ideas that are in this book. It is highly recommended."
--John Hill, president of Futures Truth magazine

"John Carter's new book focuses quickly on the critical area of trader psychology, a realm that will often separate the trader from his wallet if it is not mastered first. The in-depth trading strategies clearly show how to respond to market moves based on real-world examples."
--Price Headley, founder of BigTrends.com and author of Big Trends in Trading

". . . Well written and packed with the kind of insight about the nature of trading and the markets that can surely benefit every level of trader."
--Mark Douglas, author of Trading in the Zone and The Disciplined Trader

"This is a must read for all new traders, specifically for the psychological aspect of trading. I am recommending it to all of my clients."
--Carolyn Boroden, Synchronicity Market Timing, LLC

Thanks to the market-proven advice in Mastering the Trade, you will avoid becoming "fresh meat" to other seasoned traders. John F. Carter, a veteran trader himself, arms you with the knowledge and tools you need to launch your foray into this precarious field and, most important, reap the financial spoils.

About the Author

John F. Carter, CTA, is president of Trade the Markets, Inc., and principal of the money management firm Razor Trading. Carter speaks often at Trader's Expo and other trading industry events, and is a regular contributor to SFO magazine, award-winning website tradethemarkets.com, and Chicago Board of Trade publications.

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Customer Reviews

A very comprehensive read
As a relatively new trader, I have a library of trading books all focusing on specific aspects of trading. MTT is as comprehensive a trading book as I have read, covering not only specific trading strategies that I have begun using in my trading, but also an excellent section on developing a business plan - an area that I've not seen covered in any trading book. Reminding ones self when you enter the trading game that it's a business that needs as much planning as any other business seems so obvious and yet is probably overlooked by the majority of aspiring traders. I refer to the book daily and would highly recommend this to both beginners and advanced traders alike.

a highly recommended trading bible
John Carter is a good teacher. His book 's not only covering some of his strategies but also giving you an idea of the reason why they work [ why the markets move the way they do]. In addition to this, he gives you a business plan and a money management plan, without over optimistic forecast.
Carter is obviously not the funniest guy on earth and his book is not the easiest if you are an absolute beginner in trading. But if you take the time to study his strategies and you follow his advice, you are probably on your way to become a very good trader. His views are realistic & honnest, something rare among trading mentors & other gurus in this profession.
A recommended buy if you are committed to trading.

Stop whatever you are doing and just get this book
This is a book focusing basically on day-trading. I found this book while looking for a review of another one and I have been convinced to investigate it by reading other reviews. As I have been disappointed too many times already with treading books, I went on first and downloaded a pdf copy of it from the net. I read a few chapters and verified the validity of Mr. Carter teaching by observing the patterns he was describing on my trading station. After two days I bought the book because the author really deserved to be remunerated for his work. The book provides you with a detailed description on how to set up a trading workstation (if you need it) and about 10 to 15 practical and concrete day trading strategies, complete with strategy description, step by step description of entry and exit points and general risk management in relation to the use of the strategy being described and a description of who gets burned and why (to take advantage of their psychology).
I found the insight of this book invaluable, it made me a trader where I mostly used to be ( now I know) a smart (but still a) pray. It also thought be what market trade (YM, ES , NQ or DIA and SPY instead of stocks) and why. The one thing I would have preferred is to have a cd with the book in pdf version as I put lots of notes on the book when I study so I prefer to study on a chapter I reprint and later going back to an immaculate original book when I just search for a reference.

I am a happy customer, trust me you will be too.