Specific Intraday

"Mastering the Trade" by John Carter goes into topics few other books do. For example, John talks about writing a business plan for your trades, and guides you how to select good hardware and software. "Mastering the Trade" by John Carter gives you an introduction to futures and currency trading (Forex), touches on the very important topic of trade psychology, a premarket checklist, and he shares a number of trading setups to help get a new trader's feet wet.

John divided his book into three sections. The first section called the 'Trader's Boot Camp' is a goldmine of useful information for both novice and experienced traders. He lists down the pros and cons of trading popular contracts such as Mini-sized Dow (YM), the E-Mini-S&P (ES) and the E-Mini Nasdaq. John even shares indicators to gauge intraday market direction. He talks about how and why he uses TICKS, TRIN, TIKI, the put/call ratio, pit noise and a sector list.

The following section is 'Specific Intraday and Swing Trading Setups for Futures, Stocks, Options and Forex'. John shares with us 12 trading setups, ranging from intraday scalp to trades one can hold for weeks or longer. Following that is the final section that covers important topics for those looking to make trading a business. John explains his pre-market and weekly checklists. John's book is a good tool to help boost your confidence by laying down how the markets really work and explaining behind-the-scenes mechanics.

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