Mastering the trade
by Carter, John F. · first published 2012
5mentions
5recommended by
5HN commenters
2010–2017first – last mentioned
100% recommend
Why HN recommends it
A practical, less theoretical trading guide with concrete setups the author actually used. It shows how market inefficiencies can be exploited and suits traders who want actionable examples.
Summarised by Claude from recommending comments
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…trading, the very real problem of pricing goodwill and non-material resources...? If not undermining weak EMH, at least they cast doubts over the strong forms. Or they should. Do also read John Carter's Mastering the Trade for some examples on how market inefficiencies can be exploited reliably. Supposedly (seen in Wikipedia, so I'm not that confident) market crashes are interpreted to be impossible under strong EMH (and…
on “Fisics and Phynance” ↗…recommendations. I found most of the algo trading books are similar, telling you to watch out for curve fitting, etc. Where they lack is helping you come up with actual trades. My recommendation is a book called "Mastering the Trade" by John Carter. He gives out trade setups that he actually used. They may no longer be profitable, but it's the closest thing you can get to actually learning various day trading techniques, and you…
on “Quantopian Brings Algorithmic Trading To The Masses” ↗…move to where the stops are and then reverse". They don't do it because of nefarious secret masters, they do it because that is the natural state of operation of a market. I strongly recommend reading Mastering the Trade by John Carter - it's one of the best books out there to explain why markets act they way they do in a clear and easily understood way that makes sense to non-traders.
on “Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow” ↗The best and most useful books I've read on trading and investing (= slow trading if done right) are these: Mastering the Trade - John Carter How to Make Money in Stocks / How to Make Money Selling Short - William o'Niel Anything by Brett Steenbarger
on “Ask HN: Steady 4-5% on $5 million?” ↗…Exchanges (Larry Harris) Good follow ups: All the Market Wizards books (Jack Schwager) Psychology: Trading in the Zone (Mark Douglas), The Nature of Risk (Justin Mamis) Less theory, more practical: Mastering the Trade (John Carter) Putting it all together: How to Buy (out of print) and When to Sell (both Justin and Robert Mamis; slightly outdated but 100% worth reading.) Some of these books are "expensive." But even…
on “Ask HN: Any of you took a loss while trading? How did you handle it?” ↗