Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups By John F. Carter

Also known as The Day Trader's Guide to Losing Money. Carter actually states near the beginning of the book, You will blow up your account. And it is no secret as to why.

If one follows the idiotic methods outlined in this joke of a trading book, Carter's prophetic statement will be fulfilled quickly. My favorite method was the one where Carter is expounding on going long or short if the three-minute bars are up or down three times in a row, respectively. If one looks closely at the example chart for this method, one quickly sees that following this routine will quickly lose money. I pretty much shelved the book after that.

Additionally, the example charts throughout the book are filled with instances of missed trades, or confusing data. It is easy to find charts where examples are pointed out, but where the same charts have potential trades that meet the criteria of the method at hand and were not taken. Why? These oversights are not explained.

On the upside, some of Carter's trading anecdotes are entertaining. But one should consider using Carter's methods only for the excitement of seeing money evaporate. English I can't really recommend this to anybody. To begin with, the chapters about setups very often refer to indicators that can only be bought from the author's website, and without even explaining how these really works (ie. An A wave measures the trend of the prior six or so bars [...] (this is my best guess, as Rodney [the guy who helped the author to program the indicator] won't tell me the specifics), yes, this is indeed a quote from the actual book!). These cheap tricks feels extremely unserious and shall probably be a pretty good warning sign that this book is not intended to learn you any good.

The setups presented in the book are also extremely specific (sometimes even with exact numbers when to enter a specific instrument), this may at first sound amazing for the traders that are searching for the Holy Grail. But most traders know that there is no Holy Grail or free lunches. So, once again: Another cheap trick that probably sell lot of books but far from teaches people to master any trade.

The chapters about different markets are very focused on the US markets, and once again with very specific examples but not much good general info, so if you are trading any other markets you won't get out very much from big parts of the info presented in these chapters.

But sure, the chapters on psychology and money management were pretty decent, and even amusing ones in awhile (and the only reason why I don't give this book just one star), but that was basically it, and there are so many other better books about those topics out there so putting money in this book is just a waste of it... English If you unironically want to become a day-trader, with forex, and stocks, and a goofy terminal, and no chance of sleep for the foreseeable future, or you have an interest in how this stuff actually works, or want to write a stock trader character in your book that seems authentic or something, John F Carter's Mastering the Trade is the only contemporary book that puts you in a trader's head in a meaningful way, demonstrating how sunk-cost fallacies, modern banking, SEC regulations, divorce, bad eating and feverish revenge-trading plague the average-joe intra-day trader, guys who often trade from home with their own capital - usually ALL of their capital - on the choppy, info-driven seas of the modern market. It's also quite technical, and probably fairly expensive by now, but still fascinating and a bit bleak. English Complex and a tad long to read. It's not suitable for beginners in trading. Also, mostly all of the chapters are more suitable to day trading, while I was more looking for swing trading. However, the chapter on TM Squeeze is interesting, but you need to buy his indicator on TOS. Overall, I wouldn't recommend it to any swing traders that have just started. English Sometimes genuinely insightful, but the whole 'book' is poorly typeset chapters of magazine clippings. Difficult to follow & could use focus. Lots of 'go to my website to buy these special indicators'

Chapter 11 TTM Squeeze, explanation of volumes, volatility and holding intraday positions were very useful. Gives just enough info into indicator algorithms to recreate. English

There are more than five million active traders in the United States. John Carter is a popular speaker at Trader's Expo and other industry events, and a regular contributor to publications, including SFO magazine. This title features techniques for mastering the 5 key traits of professional traders. Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups

This book is a great investment. I helped me a lot with many things a was doing wrong.

I promise, once you finish this book, you won’t be the same trader.

Definitely a MUST read.

Outstanding work John. English Trading is definitely harder than it looks, but John brought an entertaining view to the world of trading. Thoroughly enjoyed his book, although a couple of sections did get fairly detailed. Had to go through those sections a couple of times to fully understand them. Definitely haven't mastered trading yet, but things are looking up and this book will be a definite resource down the road. English Amazing. I’m ready to make 1,000,000 dollars! Lol English Không có gì nổi bật. Hơi quá chi tiết đối với người mới, nhưng người có kinh nghiệm rồi thì thông tin ở đây lại thành dư thừa. English Too much of upselling his products at So this book feels like an ads rather than source of knowledge. English


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