- Hardcover: 432 pages
- Publisher: McGraw-Hill Professional (1 Jan. 2006)
- Language: English
- ISBN-10: 0071459588
- ISBN-13: 978-0071459587
- Product Dimensions: 19.8 x 3.1 x 24.1 cm
- Average Customer Review: 36 customer reviews
- Amazon Bestsellers Rank: 318,603 in Books (See Top 100 in Books)
Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups (McGraw-Hill Trader's Edge Series) Hardcover – 1 Jan 2006
|New from||Used from|
Audio CD, Abridged, Audiobook
There is a newer edition of this item:
Customers who bought this item also bought
Customers who viewed this item also viewed
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
This book provides expert tactics to become and 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.
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.See all Product description
What other items do customers buy after viewing this item?
Top customer reviews
There was a problem filtering reviews right now. Please try again later.
The main part of the book deals with the author's various trading setups, where he provides the rational for why they work, step by step guides (including limit and stop tactics, entry points, preferable conditions etc) and caveats. He gives detailed examples based on real trades with charts for each setup.
He also provides guidance on how to manage risk, formalise trading rules to ensure discipline, in effect a business plan for traders.
The author writes with confidence. He sounds very experienced and his writing shows. He has a high opinion of his own talents, which may grate a little. He has no sympathy for fools and undisciplined traders. However, his unforgiving style is in line with one in his profession. After all, trading is an unforgiving profession.
I have definitely benefited from this book. I have implemented individual setups outlined in the book, with positive results in the first 3 days of trading. More time will be needed before one can be certain that the setups work. Also, I have not combined different setups, which should improve performance even further.
Maybe my 'newbiness' showing the classic faults, lol... Perhaps in time as I (Hopefully) improve, I may come to appreciate this book a lot better. But for now.... I'm definitely looking to K.I.S.S.
Would you like to see more reviews about this item?
Most recent customer reviews
This book is a must have for any trader no matter their experience.Read more