Best Mastering the Trade, Third Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups By John F. Carter

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Mastering the Trade, Third Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups-John F. Carter

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Ebook About
The go-to guide for launching a lucrative career in trading—fully updated for today’s turbulent marketsOne of today’s most successful traders, John F. Carter has made his popular guide more relevant and effective than ever. This new edition of Mastering the Trade includes the essential content that has made it a bestselling classic, and includes critical new information for making the best trading decisions in every situation. Combining insightful market overview with trading strategies and concepts, Carter provides:•Proven set-ups, with optimal markets and non-negotiable trading rules •Exact entry, exit, and stop loss levels for swing and intraday trading •Seven key internals, from Skew to VIX •Pre-market checklist for analyzing recent market behavior •Scanning techniques for pinpointing high-probability setups•Effective risk control techniques •Methods for ensuring your computer runs at max speed•Techniques for predicting market correctionsFrom valuable hardware and software to market mechanics, pivot points, and position sizing, Carter delivers a suite of tools for beating out the competition on a regular basis.Mastering the Trade, Third Edition builds your expertise in knowing what’s working for you and what’s working against you, so you make a living on the frontlines of professional trading.

Book Mastering the Trade, Third Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups Review :



The book is essentially the same version as the 2nd edition with a few pages thrown in by a couple of the author's junior trader/instructors. It still details trade strategies that I have never heard Carter talk about utilizing in any of his daily Youtube uploads over the past 5 years. The entire book is without color, so chart review is a trip back to the 1980's. And, surprisingly, it does not discuss any of his recent Purdy developed indicators, which he sells as "essential to success" trading his approaches to the market. John Carter has exploded his offering of thinkorswim based indicators over the past 3 years, and it was with the expectation that there would be some in depth discussion of these indicators, I purchased the 3rd edition. I would only recommend this book for people brand new to John Carter.
This book is not about swing stock market trading, there is nothing or very little about it, it's mostly about options and ETFs which I don't trade so it has not usage for me. It's also written in a too-much-sharing-memoir form and there's so much fluff. Some parallels are ridiculous and relatable. You get mugged on the street, would you come back to the street, avoid the street or come back with the taser? The same with the stock market, right? The things that are technical seem unfinished and confusing. For example, it tells you a lot what you shouldn't be doing, but somehow misses to tell you what to do. I assume the idea is to inspire you to purchase a seminar or whatever they are selling. I am bewildered how this book has such a great rating. And on the top of everything, this John F. Carter book has JFC quotations. I have never seen in my life that one book/author is quoting himself/herself in the book as an authority.

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