Mastering the Trade (McGraw-Hill Trader's Edge)

Features

• Cover Type: Hard Cover with 388 pages
• Published by: McGraw-Hill
• Edition: 1st Edition December 7, 2005
• Written in: English
• ISBN 10 Number: 0071459588
• ISBN 13 Number: 978-0071459587
• Book Dimensions: 9.4 x 7.7 x 1.5 inches
• Weighs: 2 pounds

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.

Back Cover Copy


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, thirty 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 great 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.

Reader Reviews
After spending over $20,000 on Trading Books, Gann-related materials, software and systems, I wish that John had published this book about ten years earlier! As a "Newbie" I assumed that the Ultimate Trading Edge could be found "just around the corner" in the next book, newsletter, Gann-course, Seminar, etc. Unfortunately for me, there were plenty of folks willing to accommodate my ignorance. John accurately captures this demand-supply reality in his book and describes how our own desires can get in the way of profitable thinking and action. As an experienced Trader, John further describes how juxtaposing trading tools, markets and psychology can either lead to a consistent positive cash flow or a financial hemorrhage. His descriptions are brilliant-you come away with a complete understanding of all the essential trading elements: demand-supply reality, trading psychology, hardware / software, varied markets and multiple time-frames, indicators, order entry / exit strategies, and the steps required to integrate these components into a complete trading methodology. In each chapter John adroitly builds on the basics of trading and reveals the advanced methods of experienced traders. By Chapter 17, you'll have seen over ten proven methods for consistently making money in the markets and you'll feel confident applying these methods to your own trading. The remaining chapters provide the momentum and methods for developing your own Business Plan and (more importantly) trading that plan! In summary, I would gladly exchange all of the materials on my Trading Shelf for a single copy of Mastering the Trade.