Comments on: Review of “Mastering the Trade” by John Carter http://tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/ Stock market commentary & trading ideas. Stock market weblog (blog), swing trading, day trading, stock picks, technical analysis, stock charts, stocks. Tue, 07 Oct 2008 16:01:21 +0000 http://wordpress.org/?v=2.6.2 By: Gav http://tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2958 Gav Wed, 09 Aug 2006 23:08:20 +0000 http://www.tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2958 Mike, it must be interesting to read your futures trading postings later:) Mike, it must be interesting to read your futures trading postings later:)

]]> By: Chris http://tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2957 Chris Wed, 09 Aug 2006 21:04:14 +0000 http://www.tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2957 I read Martin Schwartz’s book Pit Bull on my last vacation and he notes that these tools (TICKS, TIKI, TRIN, the put/call ratio) are some of his most important although he doesn’t go into too much detail on how to use them. I read Martin Schwartz’s book Pit Bull on my last vacation and he notes that these tools (TICKS, TIKI, TRIN, the put/call ratio) are some of his most important although he doesn’t go into too much detail on how to use them.

]]> By: Richard http://tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2956 Richard Wed, 09 Aug 2006 20:27:25 +0000 http://www.tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2956 I agree this was a great book, in terms of the variety and sheer number of trading setups and ideas in it. One of my favorites was watching for when bollinger bands push through keltner channels. This is also the book that introduced me to pivot points. I was very impressed with the trading plan section of the book, though I'm ashamed to say that writing one is still on my "do real soon" list after quite some time. I agree this was a great book, in terms of the variety and sheer number of trading setups and ideas in it. One of my favorites was watching for when bollinger bands push through keltner channels. This is also the book that introduced me to pivot points.

I was very impressed with the trading plan section of the book, though I’m ashamed to say that writing one is still on my “do real soon” list after quite some time.

]]> By: Olaf http://tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2955 Olaf Wed, 09 Aug 2006 14:53:22 +0000 http://www.tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2955 By the way, tomorrow he will discuss his trading live and in real-time: <a href="http://cbot.com/cbot/pub/cont_detail/0,3206,1058+40123,00.html" rel="nofollow">Dow Trading Into the Close</a> By the way, tomorrow he will discuss his trading live and in real-time: Dow Trading Into the Close

]]> By: Olaf http://tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2954 Olaf Wed, 09 Aug 2006 14:49:58 +0000 http://www.tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2954 Today there is a <a href="http://cbot.com/cbot/pub/cont_detail/0,3206,1058+40254,00.html" rel="nofollow">webinar with John at CBOT</a>: "Why Stock Index Futures Traders Will Love Trading Corn, Wheat and Soybeans" Today there is a webinar with John at CBOT: “Why Stock Index Futures Traders Will Love Trading Corn, Wheat and Soybeans”

]]> By: Scott http://tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2953 Scott Wed, 09 Aug 2006 14:31:52 +0000 http://www.tradermike.net/2006/08/review_of_mastering_the_trade_by_john_carter/#comment-2953 "Another of John’s setups that I like is the TICK fade — when conditions are right, fade the market when $TICK reaches +1,000 or -1,000. This is another “risk 1.5 to make 1″ setup and it can be scary to execute especially for momentum traders. I’m still trying to get comfortable with this setup." A long time ago I used to do something that sounds similar. The "plan" was to watch the TICK or the DOW (or something or other) for signs that program trades were kicking in, then using index options "fade" the market. For a number of reasons (ugly option spreads, reaction time, inexperience, maybe it was a bad "plan," etc.), things never seemed to go according to "plan." “Another of John’s setups that I like is the TICK fade — when conditions are right, fade the market when $TICK reaches +1,000 or -1,000. This is another “risk 1.5 to make 1″ setup and it can be scary to execute especially for momentum traders. I’m still trying to get comfortable with this setup.”

A long time ago I used to do something that sounds similar. The “plan” was to watch the TICK or the DOW (or something or other) for signs that program trades were kicking in, then using index options “fade” the market. For a number of reasons (ugly option spreads, reaction time, inexperience, maybe it was a bad “plan,” etc.), things never seemed to go according to “plan.”

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