Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

Mastering The Trade by John F. Carter

Recommended Posts

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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 :D

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
Guest cooter
WOW! Thats awesome, James. Thanks!

 

Ummm, ok.:confused:

Share this post


Link to post
Share on other sites
Ummm, ok.:confused:

 

Oops. Sorry, cooter.

 

That's awesome, cooter!

 

Actually, just reviewed it and though I appreciate their effort and information and I picked up a few interesting tidbits, there wasn't much there I haven't been able to gather from other Carter resources. In a sense that's reassuring because JC's approach to day trading the ags is so simple. But that's even better if it works. So thanks for the heads up. But I'm glad I didn't pay for it. I couldn't believe all the morons in the background chatting it up while Hubert was talking about tape reading.

Share this post


Link to post
Share on other sites

Essential. It is somehow surprising that in 2005 one can still write a book on trading that stands tall among all the earlier trading literature. It probably has something to do with J.Carter's passion in sharing his view on trading, that makes his lecture uniquely powerful.

Share this post


Link to post
Share on other sites

The book is over-rated.

It may be a good book but definitely not great .

The book contains an assortment of different techniques which

may wet the appetite of an uninitiate. but each chapter lacks depth.

The book essentially becomes a "jack of all trade and master of none"

variety in my opinion.

Share this post


Link to post
Share on other sites

Its definitely a good starter book for trading futures and Forex. When I picked up the book, I really didn't know what a futures contract was. I studied the strategies, but most of them were not for me as far as my main strategies go. I've used "box plays", but usually within another strategy of my own. The book also introduced me to Market Profile, which has been a huge addition to my trading career. That led me to Mind Over Markets and somehow I found this site when researching Market Profile.

 

Carter's book is a great book for a novice, but its only a starting point.

Share this post


Link to post
Share on other sites

I agree that this book is for beginners to daytrading and a few other unfamiliar markets (forex, ags, etc). I think the setups and strategies are for those who haven't found a system and looking for ideas to form one. But the intangibale which other books have not really go in depth is the trading plan. It's a good template to start. I admit I added more content into my already existent trading plan from this book. In the end, it's worth the money on content other than strategies and setups.

Share this post


Link to post
Share on other sites

if you get 1 good idea from a book, then it is easily worth a read. this book was not my favorite but there are some good nuggets in there and I did like the Bollinger Band Squeeze Play (Chapter 10) did stimulate some new ideas for me that has turned into a very successful set-up for me.

Share this post


Link to post
Share on other sites
if you get 1 good idea from a book, then it is easily worth a read. this book was not my favorite but there are some good nuggets in there and I did like the Bollinger Band Squeeze Play (Chapter 10) did stimulate some new ideas for me that has turned into a very successful set-up for me.

 

Would you care to elaborate.

 

I'm just curious as a newbie to this and trying to decide whether or not to begin futures trading.

Share this post


Link to post
Share on other sites

i find that the bollinger band squeeze (not invented by hubert, but popularized for him ) is VERY useful not just as a way to get a good trade, but to AVOID a bad trade. iow, i have setups that i will not take (short) when a long squeeze is setting up

 

this has saved me a lot of money. because when the squeeze sets up and then my fade situation sets up, it's the WRONG time to fade (usually)

 

carter (haven't read the book but watched the videos) started me on my path to profitability. i have him (among others) to thank for that

Share this post


Link to post
Share on other sites

On 11-28-07 I felt:

 

As a new trader I am reading it now....I'll have to report on it later...but so far it has been one of the best books I have read as well as enlightening.

 

On 3-8-08 I felt:

 

As a day trader...I liked what the author had to say. I did learn a couple of new things, which made the book worth the price. I have several books about trading, this book is one that I no longer referred to, to check on something I may have read (it stays on the book shelf). If you are new, study something lighter and then take a look at this book-its a little advanced at times. Over all, I would give this book a 8 out of 10 because I did learn something, and that's what counts.

Edited by dowe66
Updating

Share this post


Link to post
Share on other sites

I have to admit, this is the book that got me into trading. From a begginer stand point this book is priceless, it touches on many important concepts and setups of trading and leaves the rest for you to discover. I've been a long term subsriber to John's videos and I've learned a great deal from him. I don't think just by reading this book (If you are a begginer) you are going to be able to trade profitably, but it would definately get you on the right path.

 

Just like John said to become professional it takes at least 10 years, so the sooner you start the faster you will be there :)

Share this post


Link to post
Share on other sites

I can't agree with you more there.

my next question is why does John Carter charge close to $500 for each of his TTM Squeeze, TTM Scalp, and TTM Brick Indicators like they are some Holy Grail Indicators ? Why doesn't he just give them away ? It sure create the wrong impressionj for a newbie in my opinion.

Or is it that he needs the money because he can't make enough from trading ?

Share this post


Link to post
Share on other sites

Its just another way for him to make money, even though I think its not ethical because those indicators are available for free and they are not that complicated. I really hope he does make money trading (he constantly claims that he does and this teaching business is just a side project from trading). ... There is no way of verifing it. I haven't read anything bad about them, eveyone says they are a real deal.

 

P.S. I remember him saying that he hired a programmer to develop those indicators, I'm a little sceptical of that because from my research I found that squeeze was not developed by him and he only changed colors on the indicator and claimed it as his.

Share this post


Link to post
Share on other sites
Its just another way for him to make money, even though I think its not ethical because those indicators are available for free and they are not that complicated. I really hope he does make money trading (he constantly claims that he does and this teaching business is just a side project from trading). ... There is no way of verifing it. I haven't read anything bad about them, eveyone says they are a real deal.

 

P.S. I remember him saying that he hired a programmer to develop those indicators, I'm a little sceptical of that because from my research I found that squeeze was not developed by him and he only changed colors on the indicator and claimed it as his.

 

He makes plenty of money trading. Sure he's wrong sometimes and loses money but so does every trader.

 

1 - Don't buy his book to learn how to trade and just like anything else, don't use someone else's indicators unless they work for YOU. He even talks about that in his book.

2 - His book is GREAT from the psychology aspect of trading. If you are new to trading then his book is great for that since it will open your eyes and realize just how harsh it really is.

3 - The section on market internals is awesome. He teaches you how to read internals and apply them to your trading.

 

I have read his book and I don't use any of his setups. I'm glad I read it and I recommend it to anyone who is new to futures. I think his book is very real and that's probably the biggest reason why I actually read the book.

 

You can download most of his indicators on TS forums and even some of them are around here. In his book he basically tells you what the squeeze is so it shouldn't be that hard to make the indicator yourself.

 

If you're looking for setups or anything like that then don't buy his book. Buy his book for a great introduction to trading futures then design a system on your own that works for you (with the least amount of indicators as possible).

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.