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Mastering the Trade (McGraw-Hill Trader's Edge) (Hardcover)
by John F. Carter
Category:
Stock trading, Finance, Financial markets |
Market price: ¥ 510.00
MSL price:
¥ 428.00
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Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
MSL rating:
Good for Gifts
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Author: John F. Carter
Publisher: McGraw-Hill; 1 edition
Pub. in: December, 2005
ISBN: 0071459588
Pages: 388
Measurements: 9.4 x 7.7 x 1.5 inches
Origin of product: USA
Order code: BA01190
Other information: ISBN-13: 978-0071459587
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- MSL Picks -
It's the Market Internals, Stupid
Trading books, they're a dime a dozen. If only their cover prices reflected that reality. Mastering The Trade, by John F. Carter, Published by Mcgraw-Hill Trader's Edge is an example of the exception that proves the rule.
Carter, who is a CTA, trader, writer and trading educator, effectively communicates his strategies, methods and insights in this 400 page book.
The book is divided into Three parts:
In Part One, Carter explains hardware requirements, market mechanics, general market theory, trading psychology and finally, the all-important subject of interpretation of market internals. Begining traders will find all of these sections to be of value. While even experienced traders will greatly benefit from Carter's discussions of trading psychology and market internals.
Part Two examines Carter's specific set-ups for futures, equities, forex and options. Clear directions coupled with informative diagrams leave little question as to how he trades his set-ups. Carter coveys the reasons he pulls the trigger, and perhaps more importantly, the reasons he may let a set-up pass.
Part Three covers preparation for the trading day, creating and executing a trading business plan, thoughts on how to fine tune your trading and even a self-evaluation tool helping traders to hone in on the best markets to trade for their own personalities.
This trader/reviewer wishes that he had the knowledge that Carter imparts regarding reading and interpretation of market internals when he began trading. Carter lucidly explains use of the Tick, the Trin, the TICKI the Premium and other indicators which allow the trader to interpret the health of the market, and make decisions based on fact rather than feeling. Carter's set-ups are simple and effective when evaluated in the context of market internals which he explains clearly. Finally, the author's advice on market psychology is sterling.
This book covers new ground, offering both new and experienced traders the opportunity to add effective weapons to their informational arsenals that can help them win in their daily assaults on the market.
(From quoting G. R. Mason, USA)
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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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From Publisher
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.
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.
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John Hill, president of Futures Truth magazine, USA
<2008-02-28 00:00>
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. |
Price Headley, founder of BigTrends.com and author of Big Trends in Trading, USA
<2008-02-28 00:00>
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. |
Mark Douglas, author of Trading in the Zone and The Disciplined Trader, USA
<2008-02-28 00:00>
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. |
Carolyn Boroden, Synchronicity Market Timing, LLC, USA
<2008-02-28 00:00>
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. |
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