Mastering the Trade

by John F. Carter

in Books / Classics, Trading

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.


Publisher: McGraw-Hill Professional

Publish date: 2006

Format: Hardcover

Pages: 388

Isbn: 0071459588

Ranked #50 of 172 Books

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May 18, 2012

Insightful... for the uninitiated...

Its a rubish meadiocre book, with many parts that are inchohearent and poorly written. Most of the book is an amalgamation of others better work, and some of the strategies mentioned are piddling little intraday scalps that are extremely difficult to mimic for the average learning trader and only serve to accelerate his downfall as he is essentially encouraged to overtrade.
To the uninitiated the book is an immediate revaltion as to the insight it gives to how one should begin to find a system or create a trading plan (not mentioned if I recall correctly) That is why some people rate it. Its a bit like the revalation I recieved when reading STREET SMARTS by Linda Rashke. The greatest Trading books focus upon PSYCOLOGY and an almost scientific approach to MONEY MANAGEMENT. This book offers neither.. but if you have not advanced much as a Trader.. it will provide some insight into some practices especially the Tradestation environment.. but a Guru or Market Wizard this man is not.. in my mind he trades average not spectacularly at all.

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May 09, 2012

if you only ever buy one book about trading, this should be the one

excellent; the only trading book you'll ever need - its has it all - psychology, systems, contract specifications etc

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