Mastering The Trade by John F. Carter

[Soultrader]

Another great book written by a true trader. I have checked out John and Hubert's trading class in the past and I found it to be one of the best places to learn. The insight and education you will receive in this book is priceless. Although John discusses trading setups that require the use of his custom indicators, the chapters on gaps, pivots, and market internals are well worth the price.

In my opinion, the best chapter in the book talks about the use of market internals to judge the "health" of the market. Just as a doctor needs to xray a patient, a trader needs to understand market internals to diagnose for strength or weakness. By gaining the bigger picture, you can then narrow it down to pinpointing your setups.

The last chapter focuses on market profile and is written by Alexander Benjamin, a market profile expert. If you are looking for a good day trading book, this is it. I highly recommend it to anyone in the trading field.

[aidaweb01]

As a relatively new trader, I have a library of trading books all focusing on specific aspects of trading. MTT is as comprehensive a trading book as I have read, covering not only specific trading strategies that I have begun using in my trading, but also an excellent section on developing a business plan - an area that I've not seen covered in any trading book.

Reminding ones self when you enter the trading game that it's a business that needs as much planning as any other business seems so obvious and yet is probably overlooked by the majority of aspiring traders. I refer to the book daily and would highly recommend this to both beginners and advanced traders alike.

[TinGull]

Absolutely an amazing book. This is one of the books that I credit with changing my style to something that suits me as an individual. It's an amazing wealth of knowledge and one that I, too, refer to on a daily basis.

[Reaver]

This book covers all the bases.
I really think one of the best parts is where he explains some of the setups that play against the psychology of weaker traders. This book even has a section on physical well-being. John Carter is an excellent trader and very good teacher. He also offers free lessons via his website as well. This book is definitely worth a read or two.

[Dr Who]

A very good book indeed. I most liked the last section that dealt with one's health and it even gives a list of foods not to eat. The summary of Market Profile is helpful and particularly the section on multiple timeframe analysis before taking on trades. The rest of the book gives some tools to use for trading various instruments with plenty of charts to explain the methods. The author writes in an entertaining style.
Good work Mr Carter.

[ezduzzit]

To put it simply, one of the very best trading books around, especially for the very short term futures trader. There is a great deal of sample trade detail, which if you truly wade through it is highly useful and seldom found much in other books on trading. You won't agree with all he says, but that is natural in any work this size. Overall, a great value that was a long time in the preparation I think.

Happy Trading

[wsam29]

I went and did the 1 week mentorship with his company, they are great people and a coupe of jokers and kids at heart.

JC's book, well, I read it before I went there, he touched the subject about psychology but did not go in depth into it. Its not hist forte.

I found that his book was more about his trading techniques and stuff about he went through and the stages a trader goes through which is very true.

Other than that, pivots, John Person has a book about pivots.

I do have a bias towards books about psychology and bits of wisdom and not just techniques.

[Reaver]

I agree, I found the book to be quite enlightening.

Lots of good info on Psychology.

[GCB]

I think he should put out a second edition, but I doubt he will. He doesn't seem to trade now quite the same way he describes in the book. Also, the book could have done with a little more proofreading as there are some gaps in the narrative.

And now he is trading grains and he doesn't really mention those in the book. I'll bet in a second edition he'd devote a whole chapter to them.

[Soultrader]

Thank for you for the resources cooter.