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Must read 
This is a MUST read. I have read a lot of books on trading and this book is really the only one that had helped me. That is an understatement. This book had changed my trading life forever!! Read all the other reviews and let me add this. Read the book cover to cover twice. Go to his website and sign up for his newsletter. Get the 4 day seminar on dvd. Buy the 5 indicator package. And finally start making some money. Yes all of this is expensive. It is worth every cent.. I paid for all of this in one day of trading using the indicators and his techniques!! Trading for me now is no stress, no yelling at the screen. And finally I have stopped buying the guy on the other side of the trade dinner or worse. No, I am not affiliated with TTM, this stuff just works and I wanted to share the news.
Read first, read often!
New to day trading? Read this first and read it often. Plain english with plenty of examples to make clear sense of the trading methods described. I have purchased no less than six books on the subjects of trading, options, investing etc. in the past year, all of them left me with a feeling of not getting what I paid for. Some were just a long winded infomercials for some product or service. Not this book. Worth every penny.
please don't waste your money 
I read this book as a favor to a greeny (the term I use for newbie traders) who wanted my opinion of it. While there are some decent trade observations in this book it is far from containing any original material. Most of the ideas and indicators have been lifted for other peoples ideas, which can be found free and easy with a little research. For example the type of gap play he decribes in this book (and gap theory for that matter) have been around for a min of 40 years and derives from old school pit traders. At least that's how I first learned of the strategy. Playing the gap is trading 101 when you first study classic charting techniques, or akin to the old axiom "always fade the first move". Please do not try these techniques unless you know what your doing, you will lose. Trying to put a rigid formulae on a gap play, like this book does, will put you in the poor house. Markets change constantly. Strategies must be adabted with those changing conditions. While I'm not sure I want to go as far as saying he's a huckster, I'm fully confident in saying he has taken other people ideas and passed off them off as his own. Perhaps a good businessman but unlikely a good trader. At least if Mr. Carter us practicing some of the ideas in his book.
Mastering The Trade 
I was excited to receive this book because it is written by a seasoned professional and as such carries a lot more credibility than one from someone who never actually managed money. I am a money manager and systems developer myself and have managed huge positions and had many hundreds of clients. The first few chapters of the book cover some basics particularly those relating to psychology and setting up to trade. All of it is good. The section on computers is as would be expected for a book published in 2006. Then the book gets into some areas of trading. Chapter 5 is excellent and covers various breadth and/or market internal measurements. I found this chapter to be worth the price of the book as I have always traded with breadth and it was very nice to catch some differt viewpoints and ideas. John Carter is not a systems trader and I am. I code everything and test it extensively. Mr. Carter is a discretionary trader and as I started to code his methods (Part two) I found them to not hold up very well to the scrutiny of computer analysis. The concepts are still of value though, so I still recommend it as excellent reading and a wide array of excellent trading ideas that could be built on. Many times it is the process in the thinking that is of more value that the content itself. So, if you are inclined to purchase the book to find instantly useable trading ideas, you might come up short. But, if you want something that might inspire some of your own brilliance, of course, you may just find a jewel or two. Section three of the book covers more on planning, psychology and the game of trading. This is an excellent book for any level of trader.
A Must Have for All Traders
This book is a must for day traders. Carter's set-ups for buys and sells are amazing. Since reading and studing his methods I have almost doubled my daily revenue and looking at 6 figures this year.
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br /If you only read one book (and I have read many) this simple to understand and well documented text will serve you for the rest of your career in the market.
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