Goodreads helps you keep track of books you want to read.
Start by marking “Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups” as Want to Read:
Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups
Enlarge cover
Rate this book
Clear rating
Open Preview

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

3.78  ·  Rating Details ·  243 Ratings  ·  10 Reviews
There are more than five million active traders in the United States. John Carter is a popular speaker at Trader's Expo and other industry events, and a regular contributor to publications, including SFO magazine. This title features techniques for mastering the 5 key traits of professional traders.
Hardcover, 406 pages
Published December 7th 2005 by McGraw-Hill Companies
More Details... edit details

Friend Reviews

To see what your friends thought of this book, please sign up.

Reader Q&A

To ask other readers questions about Mastering the Trade, please sign up.

Be the first to ask a question about Mastering the Trade

Reminiscences of a Stock Operator by Edwin LefèvrePit Bull by Martin SchwartzThe (Mis)Behavior of Markets by Benoît B. MandelbrotAgainst the Gods by Peter L. BernsteinFooled by Randomness by Nassim Nicholas Taleb
BMT members' Recommendations
39th out of 168 books — 10 voters
The Stock Market Outsider by Philip FanaraStock Market Edges by Philip ReschkeReminiscences of a Stock Operator by Edwin LefèvreThe Greatest Trade Ever by Gregory ZuckermanTo Trade or Not to Trade by Alexander Elder
Best Investing & Trading books
10th out of 23 books — 22 voters


More lists with this book...

Community Reviews

(showing 1-30)
filter  |  sort: default (?)  |  Rating Details
Paul DeBusschere
Jan 03, 2012 Paul DeBusschere rated it did not like it
Also known as "The Day Trader's Guide to Losing Money." Carter actually states near the beginning of the book, "You will blow up your account." And it is no secret as to why.

If one follows the idiotic methods outlined in this joke of a trading book, Carter's prophetic statement will be fulfilled quickly. My "favorite" method was the one where Carter is expounding on going long or short if the three-minute bars are up or down three times in a row, respectively. If one looks closely at the exampl
...more
Liz Dean
Sep 28, 2012 Liz Dean rated it did not like it
I would like to steer people away from this book. He is going to try to sell you indicators from his website. Indicators do not make you successful in trading.
I read this book a while ago, but received a spam email from his website this morningshowing how he made 70,000(or so) in 5 weeks. It prompted me to write this.

Every trader is looking for the "holy grail". The author of this book knows it and has put together some good information wrapped in a sales pitch. This book will not unlock all t
...more
Jim
Jan 23, 2008 Jim rated it liked it
An important study for day traders. I learned several new techniques that professional traders use on a daily basis. Understanding how the pros approach support/resistance levels allows the small day trader to anticipate and profit from the intraday movements around pivot points and fibinocci numbers.
Jeff Serbin
Sep 19, 2016 Jeff Serbin rated it it was amazing
I see a lot of negativity in the reviews. I think this is an excellent book. One thing to remember is this book was written in 2005, since then the markets have changed a lot and not all of the strategies can be used the same. In this book he talks about many strategies that he has used over the years and shows how they set up in charts. Does that mean you can just copy it? No, it isn't that easy. As far as his website and the availability of his paid indicators. If you don't want them, then ...more
Martin Odhelius
I can't really recommend this to anybody. To begin with, the chapters about setups very often refer to indicators that can only be bought from the author's website, and without even explaining how these really works (ie. "An A wave measures the trend of the prior six or so bars [...] (this is my best guess, as Rodney [the guy who helped the author to program the indicator] won't tell me the specifics)", yes, this is indeed a quote from the actual book!). These cheap tricks feels extremely ...more
Parshant Panwar
Aug 07, 2015 Parshant Panwar rated it it was ok
Book is less about mastering the trade and more about why you should buy john carter's package on his website to learn. seriously why should one bother reading it if you can't learn anything other than web address. it's full of website links.
Enrique Arroyave
Apr 26, 2011 Enrique Arroyave rated it liked it
Great book that offers insight into proper expectations of the market and trading for a living. Setups shown not necessarily all that great, at least not in this current market.
Ramoh
Ramoh rated it really liked it
Nov 04, 2015
Randel Lillep
Randel Lillep rated it it was amazing
Aug 27, 2015
Juha
Juha rated it really liked it
Jun 04, 2012
Alan Williams
Alan Williams rated it really liked it
May 19, 2014
Harsh Toprani
Harsh Toprani rated it it was amazing
Oct 19, 2015
Jack Oughton
Jack Oughton rated it liked it
Feb 06, 2016
Douglas Hurelbrink
Douglas Hurelbrink rated it it was amazing
Jun 24, 2014
Si Thu
Si Thu rated it it was amazing
Jun 07, 2015
Chetn Ds
Chetn Ds rated it did not like it
Jan 14, 2014
Sathish
Sathish rated it it was ok
Nov 28, 2015
Leo Sandhu
Leo Sandhu rated it really liked it
Jan 25, 2015
Kanhaiya Singh
Kanhaiya Singh rated it liked it
Sep 15, 2015
Lawrence Marlborough
Lawrence Marlborough rated it really liked it
Oct 26, 2014
David Campbell
David Campbell rated it really liked it
May 21, 2016
Vipulbhadra
Vipulbhadra rated it really liked it
Feb 25, 2010
Mohammed
Mohammed rated it it was amazing
Nov 20, 2016
Jules
Jules rated it really liked it
Oct 23, 2015
Paul Carwile
Paul Carwile rated it did not like it
Jun 09, 2013
Samuel
Samuel rated it liked it
Jun 25, 2012
Douglas Hurelbrink
Douglas Hurelbrink rated it it was amazing
Jun 24, 2014
Tom Spear
Tom Spear rated it really liked it
Jan 23, 2016
Oliver
Oliver rated it liked it
Feb 05, 2012
« previous 1 3 4 5 6 7 8 9 next »
There are no discussion topics on this book yet. Be the first to start one »
  • Come Into My Trading Room: A Complete Guide to Trading
  • High Probability Trading: Take the Steps to Become a Successful Trader
  • The Psychology of Trading: Tools and Techniques for Minding the Markets
  • The Disciplined Trader: Developing Winning Attitudes
  • Encyclopedia of Chart Patterns
  • The Complete TurtleTrader: The Legend, the Lessons, the Results
  • Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications
  • Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East
  • How I Made $2,000,000 In The Stock Market
  • Pit Bull: Lessons from Wall Street's Champion Day Trader
  • Options as a Strategic Investment
  • Technical Analysis of Stock Trends
  • Currency Trading for Dummies
  • Trader Vic--Methods of a Wall Street Master
  • Way of the Turtle: The Secret Methods That Turned Ordinary People Into Legendary Traders
  • Option Volatility & Pricing: Advanced Trading Strategies and Techniques
  • Trade Your Way to Financial Freedom
  • Elliott Wave Principle: Key to Market Behavior

Goodreads is hiring!

If you like books and love to build cool products, we may be looking for you.
Learn more »

Share This Book



“If a husband expresses a thought alone in the middle of the woods,” so the joke goes, “is he still wrong?” Probably so.” 0 likes
“And I’m not kidding when I say “craziness.” The University of St. Gallen, Switzerland, has come out with a study that compares traders with psychopaths. The study reviewed the results from an existing study comparing 24 psychopaths in German high-security hospitals with a control group of 27 “normal” people. The funny thing is, this control group of “normal” people turned out to be traders. Stock guys, currency and commodity traders, and derivative types happened to be the normal control group that was stacked up against the high-security, barbed-wire-enclosed psychopaths. In the end, the performance of the trading group was actually worse than that of the psychopaths. The study indicated that traders, “Have a penchant for immense destruction,” and that their mindset would lead them to the logical conclusion of “beating one of the neighbor’s expensive cars with a baseball bat with the sole objective of owning the most beautiful car in the neighborhood.” In other words, traders are nuts. Indeed if you look up the textbook definition of a psychopath, here are some of the tidbits you’ll uncover: antisocial behavior, poor judgment and failure to learn from experience, inability to see oneself as others do, inexplicable impulsiveness … sounds like a typical trader who is struggling against the market and can’t figure out why.” 0 likes
More quotes…