Mastering the Trade : Proven Techniques for Profiting from Intraday and Swing Trading Setups

By: John F. Carter
Publisher: McGraw-Hill Education | Publish Date: 2012-02-03
Edition: 2 | No. of Pages: 481 | Language: Not specified

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Category: Stock Markets | Book ID: 56 | Book Code: 0071775145

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.