Friendly, readable resource.., 29 Sep 2007
When I am looking to learn about something and dont want to be blasted by information overload and jargon, I usually look to learn from someone who is an ordinary individual that just had a go and learnt as they went. And this author is one such individual, who learnt from experience, aquaintances and trial and error and general workshops. This book is very accessable from a lay persons perspective written in a friendly and coherent manner. Whats more, she seems to cover everything that is required to day trade including psychological attitude, risk v reward,trends, technical analysis, chartings and any thing else one could require for a good footing in day-trading. Good for the begineer too, but you would have to go slowely to absorb the information..

Essential addition to any trading library, 13 Sep 2006
This book gives you a complete introduction to trading starting with the landscape view and zooming into daytrading. Price is everything in trading because it's a collective market with varying degrees of knowledge. Studying this book and apply it's knowledge to your own trading charts.


Save your money, 19 May 2004
I thought I'd give this book a try, and honestly speaking it has a few useful, but obvious, pointers. However, best investment you can make is to put your money into a more serious book that actually **educates** you.

The style is far to chatty and I lost count of the number of times Lori says she couln't give a "rats pahooti" about something. Annoying. Be wise.

A cornerstone guide on how to trade for a living, 12 Jan 2004
I cannot believe how good this book this is. This book will define whether you are a trader or a gambler.
The author is very honest in sharing her past mistakes and there are various little sections in basic human psychology that spur you on and give you confidence in your general life.
She will tell you went to trust your gut instinct - and remind you that sometimes greed will give you what feels like a gut instinct.
Highly recommended book. I cannot stop reading it (in between looking at my real-time price screen!!)

Excellent foundation book., 30 Jul 2003
It was just by share luck that I chose this book out of the many on this subject. It explains the basics, some I thought that I knew already, but evidently I did not. Charting techniques from beginners level was very well explained and introduced the most common charts. The basic charting explained in the book gives an excellent foundation. Trading pychology was evident through out the book, with the number one saying "always protect your capital".
Since reading the book I have put sone of the theories in to practice, the conconclusion is that the book enables you to go on and further reasearch various technical analysts charting. I still use this book for reference which underlies the title of "Beginners".
Excelleny buy.

Friendly, readable resource.., 29 Sep 2007
When I am looking to learn about something and dont want to be blasted by information overload and jargon, I usually look to learn from someone who is an ordinary individual that just had a go and learnt as they went. And this author is one such individual, who learnt from experience, aquaintances and trial and error and general workshops. This book is very accessable from a lay persons perspective written in a friendly and coherent manner. Whats more, she seems to cover everything that is required to day trade including psychological attitude, risk v reward,trends, technical analysis, chartings and any thing else one could require for a good footing in day-trading. Good for the begineer too, but you would have to go slowely to absorb the information..

Essential addition to any trading library, 13 Sep 2006
This book gives you a complete introduction to trading starting with the landscape view and zooming into daytrading. Price is everything in trading because it's a collective market with varying degrees of knowledge. Studying this book and apply it's knowledge to your own trading charts.


Save your money, 19 May 2004
I thought I'd give this book a try, and honestly speaking it has a few useful, but obvious, pointers. However, best investment you can make is to put your money into a more serious book that actually **educates** you.

The style is far to chatty and I lost count of the number of times Lori says she couln't give a "rats pahooti" about something. Annoying. Be wise.

A cornerstone guide on how to trade for a living, 12 Jan 2004
I cannot believe how good this book this is. This book will define whether you are a trader or a gambler.
The author is very honest in sharing her past mistakes and there are various little sections in basic human psychology that spur you on and give you confidence in your general life.
She will tell you went to trust your gut instinct - and remind you that sometimes greed will give you what feels like a gut instinct.
Highly recommended book. I cannot stop reading it (in between looking at my real-time price screen!!)

Excellent foundation book., 30 Jul 2003
It was just by share luck that I chose this book out of the many on this subject. It explains the basics, some I thought that I knew already, but evidently I did not. Charting techniques from beginners level was very well explained and introduced the most common charts. The basic charting explained in the book gives an excellent foundation. Trading pychology was evident through out the book, with the number one saying "always protect your capital".
Since reading the book I have put sone of the theories in to practice, the conconclusion is that the book enables you to go on and further reasearch various technical analysts charting. I still use this book for reference which underlies the title of "Beginners".
Excelleny buy.

One of the best trading books out there, 11 Apr 2008
This book really changed my approach to trading as it gives an invaluable traders view into the world of trading. John Carter is a full-time trader and fully understands just as much about the psychological aspect of trading as the technical. He gives a fascinating 'insiders' perspective on trading, he explains why some technical tools work really well, then at other times the same tools don't work at all, what causes the markets to act in the way they do, and how to devise a trading strategy that works for you.

John Carter gives a very honest appraisal of the world of trading, with some excellent insights into trader pyschology, as well as some superb and proven technical analysis techniques that he himself uses very successfully.

a highly recommended trading bible, 19 May 2007
John Carter is a good teacher. His book 's not only covering some of his strategies but also giving you an idea of the reason why they work [ why the markets move the way they do]. In addition to this, he gives you a business plan and a money management plan, without over optimistic forecast.
Carter is obviously not the funniest guy on earth and his book is not the easiest if you are an absolute beginner in trading. But if you take the time to study his strategies and you follow his advice, you are probably on your way to become a very good trader. His views are realistic & honnest, something rare among trading mentors & other gurus in this profession.
A recommended buy if you are committed to trading.

Good Book ... However, 08 Nov 2006
This books is good, however I think we as traders need to focus on more concrete trading strategies instead trying to know a little about everything.

Personally I like to trade based on momentum because my exposure to the markt is less and I can take advantage of stocks with out spending to much time in front of a computer wondering or speculating more than i have to.

It's no secret that certain momentum stocks bring the posibility of gaining as much as 100% on the same trading day. Some may only rise 10% on a few minutes, which means that you could roughly make a cool $1000 on a $10,000 investment on the same day.

The problem is that if you don't know how to choose those stocks and handle them while limiting your risk, you won't even get close to making a few profits.

Fortunatly some sites on the web can help you with effective and proven momentum trading strategies. One of those sites that can show you how to pick

I highly recommend it, 20 Oct 2006
This is a great book for day trading and swing trading. I have made a decent some of money just by using a few of the strategies in Carter's book. What is also brilliant about this book is the abundant number of examples that Carter uses to justify his strategies.

A very comprehensive read, 08 Sep 2006
As a relatively new trader, I have a library of trading books all focusing on specific aspects of trading. MTT is as comprehensive a trading book as I have read, covering not only specific trading strategies that I have begun using in my trading, but also an excellent section on developing a business plan - an area that I've not seen covered in any trading book. Reminding ones self when you enter the trading game that it's a business that needs as much planning as any other business seems so obvious and yet is probably overlooked by the majority of aspiring traders. I refer to the book daily and would highly recommend this to both beginners and advanced traders alike.

Friendly, readable resource.., 29 Sep 2007
When I am looking to learn about something and dont want to be blasted by information overload and jargon, I usually look to learn from someone who is an ordinary individual that just had a go and learnt as they went. And this author is one such individual, who learnt from experience, aquaintances and trial and error and general workshops. This book is very accessable from a lay persons perspective written in a friendly and coherent manner. Whats more, she seems to cover everything that is required to day trade including psychological attitude, risk v reward,trends, technical analysis, chartings and any thing else one could require for a good footing in day-trading. Good for the begineer too, but you would have to go slowely to absorb the information..

Essential addition to any trading library, 13 Sep 2006
This book gives you a complete introduction to trading starting with the landscape view and zooming into daytrading. Price is everything in trading because it's a collective market with varying degrees of knowledge. Studying this book and apply it's knowledge to your own trading charts.


Save your money, 19 May 2004
I thought I'd give this book a try, and honestly speaking it has a few useful, but obvious, pointers. However, best investment you can make is to put your money into a more serious book that actually **educates** you.

The style is far to chatty and I lost count of the number of times Lori says she couln't give a "rats pahooti" about something. Annoying. Be wise.

A cornerstone guide on how to trade for a living, 12 Jan 2004
I cannot believe how good this book this is. This book will define whether you are a trader or a gambler.
The author is very honest in sharing her past mistakes and there are various little sections in basic human psychology that spur you on and give you confidence in your general life.
She will tell you went to trust your gut instinct - and remind you that sometimes greed will give you what feels like a gut instinct.
Highly recommended book. I cannot stop reading it (in between looking at my real-time price screen!!)

Excellent foundation book., 30 Jul 2003
It was just by share luck that I chose this book out of the many on this subject. It explains the basics, some I thought that I knew already, but evidently I did not. Charting techniques from beginners level was very well explained and introduced the most common charts. The basic charting explained in the book gives an excellent foundation. Trading pychology was evident through out the book, with the number one saying "always protect your capital".
Since reading the book I have put sone of the theories in to practice, the conconclusion is that the book enables you to go on and further reasearch various technical analysts charting. I still use this book for reference which underlies the title of "Beginners".
Excelleny buy.

One of the best trading books out there, 11 Apr 2008
This book really changed my approach to trading as it gives an invaluable traders view into the world of trading. John Carter is a full-time trader and fully understands just as much about the psychological aspect of trading as the technical. He gives a fascinating 'insiders' perspective on trading, he explains why some technical tools work really well, then at other times the same tools don't work at all, what causes the markets to act in the way they do, and how to devise a trading strategy that works for you.

John Carter gives a very honest appraisal of the world of trading, with some excellent insights into trader pyschology, as well as some superb and proven technical analysis techniques that he himself uses very successfully.

a highly recommended trading bible, 19 May 2007
John Carter is a good teacher. His book 's not only covering some of his strategies but also giving you an idea of the reason why they work [ why the markets move the way they do]. In addition to this, he gives you a business plan and a money management plan, without over optimistic forecast.
Carter is obviously not the funniest guy on earth and his book is not the easiest if you are an absolute beginner in trading. But if you take the time to study his strategies and you follow his advice, you are probably on your way to become a very good trader. His views are realistic & honnest, something rare among trading mentors & other gurus in this profession.
A recommended buy if you are committed to trading.

Good Book ... However, 08 Nov 2006
This books is good, however I think we as traders need to focus on more concrete trading strategies instead trying to know a little about everything.

Personally I like to trade based on momentum because my exposure to the markt is less and I can take advantage of stocks with out spending to much time in front of a computer wondering or speculating more than i have to.

It's no secret that certain momentum stocks bring the posibility of gaining as much as 100% on the same trading day. Some may only rise 10% on a few minutes, which means that you could roughly make a cool $1000 on a $10,000 investment on the same day.

The problem is that if you don't know how to choose those stocks and handle them while limiting your risk, you won't even get close to making a few profits.

Fortunatly some sites on the web can help you with effective and proven momentum trading strategies. One of those sites that can show you how to pick

I highly recommend it, 20 Oct 2006
This is a great book for day trading and swing trading. I have made a decent some of money just by using a few of the strategies in Carter's book. What is also brilliant about this book is the abundant number of examples that Carter uses to justify his strategies.

A very comprehensive read, 08 Sep 2006
As a relatively new trader, I have a library of trading books all focusing on specific aspects of trading. MTT is as comprehensive a trading book as I have read, covering not only specific trading strategies that I have begun using in my trading, but also an excellent section on developing a business plan - an area that I've not seen covered in any trading book. Reminding ones self when you enter the trading game that it's a business that needs as much planning as any other business seems so obvious and yet is probably overlooked by the majority of aspiring traders. I refer to the book daily and would highly recommend this to both beginners and advanced traders alike.

best returning investment I've ever made, 02 Oct 2004
I jumped into online trading and promptly started losing money. As you do.
I knew of Alpesh Patel from investing magazines and tv. This book has the clearest explanation of fundementals and those most vilified of all tools, charts and indicators. (You know the stuff like pennants, flags, double tops, etc.) I like the way Alpesh gives a very even handed explanation, and clearly identifies the pros and cons of all methods.
There's nothing here that is not available in a hundred other guides, but it is very easy to understand, and I like the clear diagrams and charts that back up the text explanation. Most of the other guidebooks available in the UK are written by Americans about the US market, and use US examples and currency. This one is definately UK-centric, but does not ignore the US.
There are a few grammatical and layout glitches in my edition, but nothing substantial.
My copy was the only book I took on a recent trip to Oz (which is incredibley sad when I think about it!) and is dog eared and covered in highlighting and margins scrawls.
I guess the acid test is - did it change my trading technique, and did that help me to make money? The answer, I am happy to say, is yes on both accounts.
It has paid for itself many times over.
Recommended for a basic to intermediate enthusiast level.

Good overview - too technical?, 25 Jul 2003
This book gives a good overview of trading online, but may be too technical for some (well, me!). It focuses on short to medium-term investment. The author uses humour which helps lift the tone and it is pretty concise too.

It's easy to read and covers all the things you need to know before taking the plunge and making your first trade. In particular, the need for a trading strategy. Unfortunately, it didn't delve in much detail about how to develop such a strategy based on technical analysis, which you would need to get elsewhere.

So it may not be ideal for the complete novice - some of the technical analysis parts (graphs and charts) were a bit over my head and really needed more discussion. But it is a Pocket Guide after all and definitely acts as a good stepping stone on to more in-depth books if you become interested.

Well worth a look then, but you may want to have some experience of the financial world first!

Friendly, readable resource.., 29 Sep 2007
When I am looking to learn about something and dont want to be blasted by information overload and jargon, I usually look to learn from someone who is an ordinary individual that just had a go and learnt as they went. And this author is one such individual, who learnt from experience, aquaintances and trial and error and general workshops. This book is very accessable from a lay persons perspective written in a friendly and coherent manner. Whats more, she seems to cover everything that is required to day trade including psychological attitude, risk v reward,trends, technical analysis, chartings and any thing else one could require for a good footing in day-trading. Good for the begineer too, but you would have to go slowely to absorb the information..

Essential addition to any trading library, 13 Sep 2006
This book gives you a complete introduction to trading starting with the landscape view and zooming into daytrading. Price is everything in trading because it's a collective market with varying degrees of knowledge. Studying this book and apply it's knowledge to your own trading charts.


Save your money, 19 May 2004
I thought I'd give this book a try, and honestly speaking it has a few useful, but obvious, pointers. However, best investment you can make is to put your money into a more serious book that actually **educates** you.

The style is far to chatty and I lost count of the number of times Lori says she couln't give a "rats pahooti" about something. Annoying. Be wise.

A cornerstone guide on how to trade for a living, 12 Jan 2004
I cannot believe how good this book this is. This book will define whether you are a trader or a gambler.
The author is very honest in sharing her past mistakes and there are various little sections in basic human psychology that spur you on and give you confidence in your general life.
She will tell you went to trust your gut instinct - and remind you that sometimes greed will give you what feels like a gut instinct.
Highly recommended book. I cannot stop reading it (in between looking at my real-time price screen!!)

Excellent foundation book., 30 Jul 2003
It was just by share luck that I chose this book out of the many on this subject. It explains the basics, some I thought that I knew already, but evidently I did not. Charting techniques from beginners level was very well explained and introduced the most common charts. The basic charting explained in the book gives an excellent foundation. Trading pychology was evident through out the book, with the number one saying "always protect your capital".
Since reading the book I have put sone of the theories in to practice, the conconclusion is that the book enables you to go on and further reasearch various technical analysts charting. I still use this book for reference which underlies the title of "Beginners".
Excelleny buy.

One of the best trading books out there, 11 Apr 2008
This book really changed my approach to trading as it gives an invaluable traders view into the world of trading. John Carter is a full-time trader and fully understands just as much about the psychological aspect of trading as the technical. He gives a fascinating 'insiders' perspective on trading, he explains why some technical tools work really well, then at other times the same tools don't work at all, what causes the markets to act in the way they do, and how to devise a trading strategy that works for you.

John Carter gives a very honest appraisal of the world of trading, with some excellent insights into trader pyschology, as well as some superb and proven technical analysis techniques that he himself uses very successfully.

a highly recommended trading bible, 19 May 2007
John Carter is a good teacher. His book 's not only covering some of his strategies but also giving you an idea of the reason why they work [ why the markets move the way they do]. In addition to this, he gives you a business plan and a money management plan, without over optimistic forecast.
Carter is obviously not the funniest guy on earth and his book is not the easiest if you are an absolute beginner in trading. But if you take the time to study his strategies and you follow his advice, you are probably on your way to become a very good trader. His views are realistic & honnest, something rare among trading mentors & other gurus in this profession.
A recommended buy if you are committed to trading.

Good Book ... However, 08 Nov 2006
This books is good, however I think we as traders need to focus on more concrete trading strategies instead trying to know a little about everything.

Personally I like to trade based on momentum because my exposure to the markt is less and I can take advantage of stocks with out spending to much time in front of a computer wondering or speculating more than i have to.

It's no secret that certain momentum stocks bring the posibility of gaining as much as 100% on the same trading day. Some may only rise 10% on a few minutes, which means that you could roughly make a cool $1000 on a $10,000 investment on the same day.

The problem is that if you don't know how to choose those stocks and handle them while limiting your risk, you won't even get close to making a few profits.

Fortunatly some sites on the web can help you with effective and proven momentum trading strategies. One of those sites that can show you how to pick

I highly recommend it, 20 Oct 2006
This is a great book for day trading and swing trading. I have made a decent some of money just by using a few of the strategies in Carter's book. What is also brilliant about this book is the abundant number of examples that Carter uses to justify his strategies.

A very comprehensive read, 08 Sep 2006
As a relatively new trader, I have a library of trading books all focusing on specific aspects of trading. MTT is as comprehensive a trading book as I have read, covering not only specific trading strategies that I have begun using in my trading, but also an excellent section on developing a business plan - an area that I've not seen covered in any trading book. Reminding ones self when you enter the trading game that it's a business that needs as much planning as any other business seems so obvious and yet is probably overlooked by the majority of aspiring traders. I refer to the book daily and would highly recommend this to both beginners and advanced traders alike.

best returning investment I've ever made, 02 Oct 2004
I jumped into online trading and promptly started losing money. As you do.
I knew of Alpesh Patel from investing magazines and tv. This book has the clearest explanation of fundementals and those most vilified of all tools, charts and indicators. (You know the stuff like pennants, flags, double tops, etc.) I like the way Alpesh gives a very even handed explanation, and clearly identifies the pros and cons of all methods.
There's nothing here that is not available in a hundred other guides, but it is very easy to understand, and I like the clear diagrams and charts that back up the text explanation. Most of the other guidebooks available in the UK are written by Americans about the US market, and use US examples and currency. This one is definately UK-centric, but does not ignore the US.
There are a few grammatical and layout glitches in my edition, but nothing substantial.
My copy was the only book I took on a recent trip to Oz (which is incredibley sad when I think about it!) and is dog eared and covered in highlighting and margins scrawls.
I guess the acid test is - did it change my trading technique, and did that help me to make money? The answer, I am happy to say, is yes on both accounts.
It has paid for itself many times over.
Recommended for a basic to intermediate enthusiast level.

Good overview - too technical?, 25 Jul 2003
This book gives a good overview of trading online, but may be too technical for some (well, me!). It focuses on short to medium-term investment. The author uses humour which helps lift the tone and it is pretty concise too.

It's easy to read and covers all the things you need to know before taking the plunge and making your first trade. In particular, the need for a trading strategy. Unfortunately, it didn't delve in much detail about how to develop such a strategy based on technical analysis, which you would need to get elsewhere.

So it may not be ideal for the complete novice - some of the technical analysis parts (graphs and charts) were a bit over my head and really needed more discussion. But it is a Pocket Guide after all and definitely acts as a good stepping stone on to more in-depth books if you become interested.

Well worth a look then, but you may want to have some experience of the financial world first!

psychotherapy for traders, 14 Dec 2005
I have read many books about trading psychology. They only mentioned the problems eg. stress, lossing confience. But all of them can't offer any techniques to help traders to solve the problems. So I have been looking for a psychotherapy book that can really help traders. Here it is! Really good!

Friendly, readable resource.., 29 Sep 2007
When I am looking to learn about something and dont want to be blasted by information overload and jargon, I usually look to learn from someone who is an ordinary individual that just had a go and learnt as they went. And this author is one such individual, who learnt from experience, aquaintances and trial and error and general workshops. This book is very accessable from a lay persons perspective written in a friendly and coherent manner. Whats more, she seems to cover everything that is required to day trade including psychological attitude, risk v reward,trends, technical analysis, chartings and any thing else one could require for a good footing in day-trading. Good for the begineer too, but you would have to go slowely to absorb the information..

Essential addition to any trading library, 13 Sep 2006
This book gives you a complete introduction to trading starting with the landscape view and zooming into daytrading. Price is everything in trading because it's a collective market with varying degrees of knowledge. Studying this book and apply it's knowledge to your own trading charts.


Save your money, 19 May 2004
I thought I'd give this book a try, and honestly speaking it has a few useful, but obvious, pointers. However, best investment you can make is to put your money into a more serious book that actually **educates** you.

The style is far to chatty and I lost count of the number of times Lori says she couln't give a "rats pahooti" about something. Annoying. Be wise.

A cornerstone guide on how to trade for a living, 12 Jan 2004
I cannot believe how good this book this is. This book will define whether you are a trader or a gambler.
The author is very honest in sharing her past mistakes and there are various little sections in basic human psychology that spur you on and give you confidence in your general life.
She will tell you went to trust your gut instinct - and remind you that sometimes greed will give you what feels like a gut instinct.
Highly recommended book. I cannot stop reading it (in between looking at my real-time price screen!!)

Excellent foundation book., 30 Jul 2003
It was just by share luck that I chose this book out of the many on this subject. It explains the basics, some I thought that I knew already, but evidently I did not. Charting techniques from beginners level was very well explained and introduced the most common charts. The basic charting explained in the book gives an excellent foundation. Trading pychology was evident through out the book, with the number one saying "always protect your capital".
Since reading the book I have put sone of the theories in to practice, the conconclusion is that the book enables you to go on and further reasearch various technical analysts charting. I still use this book for reference which underlies the title of "Beginners".
Excelleny buy.

One of the best trading books out there, 11 Apr 2008
This book really changed my approach to trading as it gives an invaluable traders view into the world of trading. John Carter is a full-time trader and fully understands just as much about the psychological aspect of trading as the technical. He gives a fascinating 'insiders' perspective on trading, he explains why some technical tools work really well, then at other times the same tools don't work at all, what causes the markets to act in the way they do, and how to devise a trading strategy that works for you.

John Carter gives a very honest appraisal of the world of trading, with some excellent insights into trader pyschology, as well as some superb and proven technical analysis techniques that he himself uses very successfully.

a highly recommended trading bible, 19 May 2007
John Carter is a good teacher. His book 's not only covering some of his strategies but also giving you an idea of the reason why they work [ why the markets move the way they do]. In addition to this, he gives you a business plan and a money management plan, without over optimistic forecast.
Carter is obviously not the funniest guy on earth and his book is not the easiest if you are an absolute beginner in trading. But if you take the time to study his strategies and you follow his advice, you are probably on your way to become a very good trader. His views are realistic & honnest, something rare among trading mentors & other gurus in this profession.
A recommended buy if you are committed to trading.

Good Book ... However, 08 Nov 2006
This books is good, however I think we as traders need to focus on more concrete trading strategies instead trying to know a little about everything.

Personally I like to trade based on momentum because my exposure to the markt is less and I can take advantage of stocks with out spending to much time in front of a computer wondering or speculating more than i have to.

It's no secret that certain momentum stocks bring the posibility of gaining as much as 100% on the same trading day. Some may only rise 10% on a few minutes, which means that you could roughly make a cool $1000 on a $10,000 investment on the same day.

The problem is that if you don't know how to choose those stocks and handle them while limiting your risk, you won't even get close to making a few profits.

Fortunatly some sites on the web can help you with effective and proven momentum trading strategies. One of those sites that can show you how to pick

I highly recommend it, 20 Oct 2006
This is a great book for day trading and swing trading. I have made a decent some of money just by using a few of the strategies in Carter's book. What is also brilliant about this book is the abundant number of examples that Carter uses to justify his strategies.

A very comprehensive read, 08 Sep 2006
As a relatively new trader, I have a library of trading books all focusing on specific aspects of trading. MTT is as comprehensive a trading book as I have read, covering not only specific trading strategies that I have begun using in my trading, but also an excellent section on developing a business plan - an area that I've not seen covered in any trading book. Reminding ones self when you enter the trading game that it's a business that needs as much planning as any other business seems so obvious and yet is probably overlooked by the majority of aspiring traders. I refer to the book daily and would highly recommend this to both beginners and advanced traders alike.

best returning investment I've ever made, 02 Oct 2004
I jumped into online trading and promptly started losing money. As you do.
I knew of Alpesh Patel from investing magazines and tv. This book has the clearest explanation of fundementals and those most vilified of all tools, charts and indicators. (You know the stuff like pennants, flags, double tops, etc.) I like the way Alpesh gives a very even handed explanation, and clearly identifies the pros and cons of all methods.
There's nothing here that is not available in a hundred other guides, but it is very easy to understand, and I like the clear diagrams and charts that back up the text explanation. Most of the other guidebooks available in the UK are written by Americans about the US market, and use US examples and currency. This one is definately UK-centric, but does not ignore the US.
There are a few grammatical and layout glitches in my edition, but nothing substantial.
My copy was the only book I took on a recent trip to Oz (which is incredibley sad when I think about it!) and is dog eared and covered in highlighting and margins scrawls.
I guess the acid test is - did it change my trading technique, and did that help me to make money? The answer, I am happy to say, is yes on both accounts.
It has paid for itself many times over.
Recommended for a basic to intermediate enthusiast level.

Good overview - too technical?, 25 Jul 2003
This book gives a good overview of trading online, but may be too technical for some (well, me!). It focuses on short to medium-term investment. The author uses humour which helps lift the tone and it is pretty concise too.

It's easy to read and covers all the things you need to know before taking the plunge and making your first trade. In particular, the need for a trading strategy. Unfortunately, it didn't delve in much detail about how to develop such a strategy based on technical analysis, which you would need to get elsewhere.

So it may not be ideal for the complete novice - some of the technical analysis parts (graphs and charts) were a bit over my head and really needed more discussion. But it is a Pocket Guide after all and definitely acts as a good stepping stone on to more in-depth books if you become interested.

Well worth a look then, but you may want to have some experience of the financial world first!

psychotherapy for traders, 14 Dec 2005
I have read many books about trading psychology. They only mentioned the problems eg. stress, lossing confience. But all of them can't offer any techniques to help traders to solve the problems. So I have been looking for a psychotherapy book that can really help traders. Here it is! Really good!

The title to this book is in my opinion misleading., 18 Oct 2006
I found this book to be of no use in developing a Trading System that works, which is what the title would lead you to believe.I would advise people looking to develop profitable strategies for developing robust trading systems to look at other titles, and stay away from this book.

A systematic approach to designing robust trading programs, 08 Sep 2001
BRILLIANT! I have read many books in my search for honest facts to help develop my own trading skills. Most promise the earth and then continue to cover the same old topics, presenting someone elses ideas in a slightly different format and providing little if any tangible benefits for the time taken to read.

Others present ideas, qualified with such heavily curve-fit results (to sell systems available at www.*** usually at the end of the book) they are of no use in the real world and are probably a good, if not major reason why so many fail.

At last, along with straight talking authors like Kaufman and Chande, I have found the best book so far. Here we can see the correct processes for developing and testing systems, portfolio's and strategies along with the figures that really count. Don't assume this is similar to the dozen or more other books that promote these concepts. Thomas Stridsman breaks new ground by questioning the figures most suggest as crucial and then more importantly showing you exactly why!

Every idea is supported with examples and evidence along with TScode and spreadsheet formula for external testing. If you only buy one book make sure that it's this one.

Paul H

The subtitle of The Day Trader, From the Pit to the PC, indicates the evolution of the trader from floor jockey to computer cowboy. But this is less an account of the trader's changing arena than the story of Lewis Borsellino, a fist-shaking Italian American from Chicago's West Side whose grit and determination helped him become one of the top traders in the Standard & Poor futures pit. "When the world around me goes nuts, I become more sane. The wilder the market gets, the more disciplined I become". He credits this focus to his tough but compassionate Italian American father, a truck driver with a penchant for lightening the loads of his deliveries. "I do what I do so you don't have to", says the elder Borsellino, prior to getting busted by the feds for hijacking a million-dollar shipment of silver.

Shedding his father's mobster ties, Borsellino quickly moves up the trading ranks, establishing a position--literally--on the second step of the Chicago Mercantile Exchange. For 18 years, he doesn't budge, sometimes using his fists to ward off aggressive traders, and gaining a "sixth sense" that helps him determine which way the market is headed. Although Borsellino provides a good deal of technical reasoning behind his many successes and failures, he repeatedly returns to this intangible quality, stressing its importance and describing how it's made him millions.

The Day Trader concludes with some thoughts on the pit's computerised future. Since writing the book, Borsellino has left the S&P to become a fund manager. He relies on computers now more than ever, but wonders how digital day traders without floor experience will get their sense of market flow, timing, and price patterns. Borsellino's The Day Trader is a good place to start. --Rob McDonald, Amazon.com

Friendly, readable resource.., 29 Sep 2007
When I am looking to learn about something and dont want to be blasted by information overload and jargon, I usually look to learn from someone who is an ordinary individual that just had a go and learnt as they went. And this author is one such individual, who learnt from experience, aquaintances and trial and error and general workshops. This book is very accessable from a lay persons perspective written in a friendly and coherent manner. Whats more, she seems to cover everything that is required to day trade including psychological attitude, risk v reward,trends, technical analysis, chartings and any thing else one could require for a good footing in day-trading. Good for the begineer too, but you would have to go slowely to absorb the information..

Essential addition to any trading library, 13 Sep 2006
This book gives you a complete introduction to trading starting with the landscape view and zooming into daytrading. Price is everything in trading because it's a collective market with varying degrees of knowledge. Studying this book and apply it's knowledge to your own trading charts.


Save your money, 19 May 2004
I thought I'd give this book a try, and honestly speaking it has a few useful, but obvious, pointers. However, best investment you can make is to put your money into a more serious book that actually **educates** you.

The style is far to chatty and I lost count of the number of times Lori says she couln't give a "rats pahooti" about something. Annoying. Be wise.

A cornerstone guide on how to trade for a living, 12 Jan 2004
I cannot believe how good this book this is. This book will define whether you are a trader or a gambler.
The author is very honest in sharing her past mistakes and there are various little sections in basic human psychology that spur you on and give you confidence in your general life.
She will tell you went to trust your gut instinct - and remind you that sometimes greed will give you what feels like a gut instinct.
Highly recommended book. I cannot stop reading it (in between looking at my real-time price screen!!)

Excellent foundation book., 30 Jul 2003
It was just by share luck that I chose this book out of the many on this subject. It explains the basics, some I thought that I knew already, but evidently I did not. Charting techniques from beginners level was very well explained and introduced the most common charts. The basic charting explained in the book gives an excellent foundation. Trading pychology was evident through out the book, with the number one saying "always protect your capital".
Since reading the book I have put sone of the theories in to practice, the conconclusion is that the book enables you to go on and further reasearch various technical analysts charting. I still use this book for reference which underlies the title of "Beginners".
Excelleny buy.

One of the best trading books out there, 11 Apr 2008
This book really changed my approach to trading as it gives an invaluable traders view into the world of trading. John Carter is a full-time trader and fully understands just as much about the psychological aspect of trading as the technical. He gives a fascinating 'insiders' perspective on trading, he explains why some technical tools work really well, then at other times the same tools don't work at all, what causes the markets to act in the way they do, and how to devise a trading strategy that works for you.

John Carter gives a very honest appraisal of the world of trading, with some excellent insights into trader pyschology, as well as some superb and proven technical analysis techniques that he himself uses very successfully.

a highly recommended trading bible, 19 May 2007
John Carter is a good teacher. His book 's not only covering some of his strategies but also giving you an idea of the reason why they work [ why the markets move the way they do]. In addition to this, he gives you a business plan and a money management plan, without over optimistic forecast.
Carter is obviously not the funniest guy on earth and his book is not the easiest if you are an absolute beginner in trading. But if you take the time to study his strategies and you follow his advice, you are probably on your way to become a very good trader. His views are realistic & honnest, something rare among trading mentors & other gurus in this profession.
A recommended buy if you are committed to trading.

Good Book ... However, 08 Nov 2006
This books is good, however I think we as traders need to focus on more concrete trading strategies instead trying to know a little about everything.

Personally I like to trade based on momentum because my exposure to the markt is less and I can take advantage of stocks with out spending to much time in front of a computer wondering or speculating more than i have to.

It's no secret that certain momentum stocks bring the posibility of gaining as much as 100% on the same trading day. Some may only rise 10% on a few minutes, which means that you could roughly make a cool $1000 on a $10,000 investment on the same day.

The problem is that if you don't know how to choose those stocks and handle them while limiting your risk, you won't even get close to making a few profits.

Fortunatly some sites on the web can help you with effective and proven momentum trading strategies. One of those sites that can show you how to pick

I highly recommend it, 20 Oct 2006
This is a great book for day trading and swing trading. I have made a decent some of money just by using a few of the strategies in Carter's book. What is also brilliant about this book is the abundant number of examples that Carter uses to justify his strategies.

A very comprehensive read, 08 Sep 2006
As a relatively new trader, I have a library of trading books all focusing on specific aspects of trading. MTT is as comprehensive a trading book as I have read, covering not only specific trading strategies that I have begun using in my trading, but also an excellent section on developing a business plan - an area that I've not seen covered in any trading book. Reminding ones self when you enter the trading game that it's a business that needs as much planning as any other business seems so obvious and yet is probably overlooked by the majority of aspiring traders. I refer to the book daily and would highly recommend this to both beginners and advanced traders alike.

best returning investment I've ever made, 02 Oct 2004
I jumped into online trading and promptly started losing money. As you do.
I knew of Alpesh Patel from investing magazines and tv. This book has the clearest explanation of fundementals and those most vilified of all tools, charts and indicators. (You know the stuff like pennants, flags, double tops, etc.) I like the way Alpesh gives a very even handed explanation, and clearly identifies the pros and cons of all methods.
There's nothing here that is not available in a hundred other guides, but it is very easy to understand, and I like the clear diagrams and charts that back up the text explanation. Most of the other guidebooks available in the UK are written by Americans about the US market, and use US examples and currency. This one is definately UK-centric, but does not ignore the US.
There are a few grammatical and layout glitches in my edition, but nothing substantial.
My copy was the only book I took on a recent trip to Oz (which is incredibley sad when I think about it!) and is dog eared and covered in highlighting and margins scrawls.
I guess the acid test is - did it change my trading technique, and did that help me to make money? The answer, I am happy to say, is yes on both accounts.
It has paid for itself many times over.
Recommended for a basic to intermediate enthusiast level.

Good overview - too technical?, 25 Jul 2003
This book gives a good overview of trading online, but may be too technical for some (well, me!). It focuses on short to medium-term investment. The author uses humour which helps lift the tone and it is pretty concise too.

It's easy to read and covers all the things you need to know before taking the plunge and making your first trade. In particular, the need for a trading strategy. Unfortunately, it didn't delve in much detail about how to develop such a strategy based on technical analysis, which you would need to get elsewhere.

So it may not be ideal for the complete novice - some of the technical analysis parts (graphs and charts) were a bit over my head and really needed more discussion. But it is a Pocket Guide after all and definitely acts as a good stepping stone on to more in-depth books if you become interested.

Well worth a look then, but you may want to have some experience of the financial world first!

psychotherapy for traders, 14 Dec 2005
I have read many books about trading psychology. They only mentioned the problems eg. stress, lossing confience. But all of them can't offer any techniques to help traders to solve the problems. So I have been looking for a psychotherapy book that can really help traders. Here it is! Really good!

The title to this book is in my opinion misleading., 18 Oct 2006
I found this book to be of no use in developing a Trading System that works, which is what the title would lead you to believe.I would advise people looking to develop profitable strategies for developing robust trading systems to look at other titles, and stay away from this book.

A systematic approach to designing robust trading programs, 08 Sep 2001
BRILLIANT! I have read many books in my search for honest facts to help develop my own trading skills. Most promise the earth and then continue to cover the same old topics, presenting someone elses ideas in a slightly different format and providing little if any tangible benefits for the time taken to read.

Others present ideas, qualified with such heavily curve-fit results (to sell systems available at www.*** usually at the end of the book) they are of no use in the real world and are probably a good, if not major reason why so many fail.

At last, along with straight talking authors like Kaufman and Chande, I have found the best book so far. Here we can see the correct processes for developing and testing systems, portfolio's and strategies along with the figures that really count. Don't assume this is similar to the dozen or more other books that promote these concepts. Thomas Stridsman breaks new ground by questioning the figures most suggest as crucial and then more importantly showing you exactly why!

Every idea is supported with examples and evidence along with TScode and spreadsheet formula for external testing. If you only buy one book make sure that it's this one.

Paul H

Excellent incite into floor trading, 02 Jan 2006
Lewis brings an excellent incite into the world of FLOOR TRADING in which he portrays the rollercoaster ride of the daytrader. Having survived decades trading this way, his methods and experiences are indeed valuable to traders both on and off the trading floor. Lewis charts the evolution of trading from the pit to the pc.

worth a look, 02 Aug 1999
The beginning of the book is great but he gets too bogged down with the story of his father, his money management firm, and what the merc and cbot need to do. However, a interesting story of a champion trader.

The story of a "real" Day Trader, 21 Jul 1999
I am fascinated by the story of Mr. Borsellino. Sometimes it is more interesting to read about what made him a super trader, rather than what too many people ask for: what his secret money making style was. The secrets were on every page of the book.

Boring account of life as a local in the pit., 16 Jul 1999
This tome will have little to offer anyone outside the pit in terms of practical information about trading.It dwells excessively on the authors heritage and the influence of his father. I found Marty Schwartz' PIT BULL to be a more entertaining story about the life of a trader. The one gem in the book is the author's revelation that he traded upwards of 250,000 contracts per year and his admission that if he had to pay normal retail clearing commissions he would not have made any money at all.

Get this one!!!, 15 Jul 1999
This is not one of those boring technical trading books that will put you to sleep standing up. Once I started reading this book I found it hard to put down. On one of those few occasions that I did my wife started reading it, and she knows absolutely nothing about trading commodities futures. Since then I have recommended this book to all my family and friends. If you want to read a really good book, this one delivers.

Friendly, readable resource.., 29 Sep 2007
When I am looking to learn about something and dont want to be blasted by information overload and jargon, I usually look to learn from someone who is an ordinary individual that just had a go and learnt as they went. And this author is one such individual, who learnt from experience, aquaintances and trial and error and general workshops. This book is very accessable from a lay persons perspective written in a friendly and coherent manner. Whats more, she seems to cover everything that is required to day trade including psychological attitude, risk v reward,trends, technical analysis, chartings and any thing else one could require for a good footing in day-trading. Good for the begineer too, but you would have to go slowely to absorb the information..

Essential addition to any trading library, 13 Sep 2006
This book gives you a complete introduction to trading starting with the landscape view and zooming into daytrading. Price is everything in trading because it's a collective market with varying degrees of knowledge. Studying this book and apply it's knowledge to your own trading charts.


Save your money, 19 May 2004
I thought I'd give this book a try, and honestly speaking it has a few useful, but obvious, pointers. However, best investment you can make is to put your money into a more serious book that actually **educates** you.

The style is far to chatty and I lost count of the number of times Lori says she couln't give a "rats pahooti" about something. Annoying. Be wise.

A cornerstone guide on how to trade for a living, 12 Jan 2004
I cannot believe how good this book this is. This book will define whether you are a trader or a gambler.
The author is very honest in sharing her past mistakes and there are various little sections in basic human psychology that spur you on and give you confidence in your general life.
She will tell you went to trust your gut instinct - and remind you that sometimes greed will give you what feels like a gut instinct.
Highly recommended book. I cannot stop reading it (in between looking at my real-time price screen!!)

Excellent foundation book., 30 Jul 2003
It was just by share luck that I chose this book out of the many on this subject. It explains the basics, some I thought that I knew already, but evidently I did not. Charting techniques from beginners level was very well explained and introduced the most common charts. The basic charting explained in the book gives an excellent foundation. Trading pychology was evident through out the book, with the number one saying "always protect your capital".
Since reading the book I have put sone of the theories in to practice, the conconclusion is that the book enables you to go on and further reasearch various technical analysts charting. I still use this book for reference which underlies the title of "Beginners".
Excelleny buy.

One of the best trading books out there, 11 Apr 2008
This book really changed my approach to trading as it gives an invaluable traders view into the world of trading. John Carter is a full-time trader and fully understands just as much about the psychological aspect of trading as the technical. He gives a fascinating 'insiders' perspective on trading, he explains why some technical tools work really well, then at other times the same tools don't work at all, what causes the markets to act in the way they do, and how to devise a trading strategy that works for you.

John Carter gives a very honest appraisal of the world of trading, with some excellent insights into trader pyschology, as well as some superb and proven technical analysis techniques that he himself uses very successfully.

a highly recommended trading bible, 19 May 2007
John Carter is a good teacher. His book 's not only covering some of his strategies but also giving you an idea of the reason why they work [ why the markets move the way they do]. In addition to this, he gives you a business plan and a money management plan, without over optimistic forecast.
Carter is obviously not the funniest guy on earth and his book is not the easiest if you are an absolute beginner in trading. But if you take the time to study his strategies and you follow his advice, you are probably on your way to become a very good trader. His views are realistic & honnest, something rare among trading mentors & other gurus in this profession.
A recommended buy if you are committed to trading.

Good Book ... However, 08 Nov 2006
This books is good, however I think we as traders need to focus on more concrete trading strategies instead trying to know a little about everything.

Personally I like to trade based on momentum because my exposure to the markt is less and I can take advantage of stocks with out spending to much time in front of a computer wondering or speculating more than i have to.

It's no secret that certain momentum stocks bring the posibility of gaining as much as 100% on the same trading day. Some may only rise 10% on a few minutes, which means that you could roughly make a cool $1000 on a $10,000 investment on the same day.

The problem is that if you don't know how to choose those stocks and handle them while limiting your risk, you won't even get close to making a few profits.

Fortunatly some sites on the web can help you with effective and proven momentum trading strategies. One of those sites that can show you how to pick

I highly recommend it, 20 Oct 2006
This is a great book for day trading and swing trading. I have made a decent some of money just by using a few of the strategies in Carter's book. What is also brilliant about this book is the abundant number of examples that Carter uses to justify his strategies.

A very comprehensive read, 08 Sep 2006
As a relatively new trader, I have a library of trading books all focusing on specific aspects of trading. MTT is as comprehensive a trading book as I have read, covering not only specific trading strategies that I have begun using in my trading, but also an excellent section on developing a business plan - an area that I've not seen covered in any trading book. Reminding ones self when you enter the trading game that it's a business that needs as much planning as any other business seems so obvious and yet is probably overlooked by the majority of aspiring traders. I refer to the book daily and would highly recommend this to both beginners and advanced traders alike.

best returning investment I've ever made, 02 Oct 2004
I jumped into online trading and promptly started losing money. As you do.
I knew of Alpesh Patel from investing magazines and tv. This book has the clearest explanation of fundementals and those most vilified of all tools, charts and indicators. (You know the stuff like pennants, flags, double tops, etc.) I like the way Alpesh gives a very even handed explanation, and clearly identifies the pros and cons of all methods.
There's nothing here that is not available in a hundred other guides, but it is very easy to understand, and I like the clear diagrams and charts that back up the text explanation. Most of the other guidebooks available in the UK are written by Americans about the US market, and use US examples and currency. This one is definately UK-centric, but does not ignore the US.
There are a few grammatical and layout glitches in my edition, but nothing substantial.
My copy was the only book I took on a recent trip to Oz (which is incredibley sad when I think about it!) and is dog eared and covered in highlighting and margins scrawls.
I guess the acid test is - did it change my trading technique, and did that help me to make money? The answer, I am happy to say, is yes on both accounts.
It has paid for itself many times over.
Recommended for a basic to intermediate enthusiast level.

Good overview - too technical?, 25 Jul 2003
This book gives a good overview of trading online, but may be too technical for some (well, me!). It focuses on short to medium-term investment. The author uses humour which helps lift the tone and it is pretty concise too.

It's easy to read and covers all the things you need to know before taking the plunge and making your first trade. In particular, the need for a trading strategy. Unfortunately, it didn't delve in much detail about how to develop such a strategy based on technical analysis, which you would need to get elsewhere.

So it may not be ideal for the complete novice - some of the technical analysis parts (graphs and charts) were a bit over my head and really needed more discussion. But it is a Pocket Guide after all and definitely acts as a good stepping stone on to more in-depth books if you become interested.

Well worth a look then, but you may want to have some experience of the financial world first!

psychotherapy for traders, 14 Dec 2005
I have read many books about trading psychology. They only mentioned the problems eg. stress, lossing confience. But all of them can't offer any techniques to help traders to solve the problems. So I have been looking for a psychotherapy book that can really help traders. Here it is! Really good!

The title to this book is in my opinion misleading., 18 Oct 2006
I found this book to be of no use in developing a Trading System that works, which is what the title would lead you to believe.I would advise people looking to develop profitable strategies for developing robust trading systems to look at other titles, and stay away from this book.

A systematic approach to designing robust trading programs, 08 Sep 2001
BRILLIANT! I have read many books in my search for honest facts to help develop my own trading skills. Most promise the earth and then continue to cover the same old topics, presenting someone elses ideas in a slightly different format and providing little if any tangible benefits for the time taken to read.

Others present ideas, qualified with such heavily curve-fit results (to sell systems available at www.*** usually at the end of the book) they are of no use in the real world and are probably a good, if not major reason why so many fail.

At last, along with straight talking authors like Kaufman and Chande, I have found the best book so far. Here we can see the correct processes for developing and testing systems, portfolio's and strategies along with the figures that really count. Don't assume this is similar to the dozen or more other books that promote these concepts. Thomas Stridsman breaks new ground by questioning the figures most suggest as crucial and then more importantly showing you exactly why!

Every idea is supported with examples and evidence along with TScode and spreadsheet formula for external testing. If you only buy one book make sure that it's this one.

Paul H

Excellent incite into floor trading, 02 Jan 2006
Lewis brings an excellent incite into the world of FLOOR TRADING in which he portrays the rollercoaster ride of the daytrader. Having survived decades trading this way, his methods and experiences are indeed valuable to traders both on and off the trading floor. Lewis charts the evolution of trading from the pit to the pc.

worth a look, 02 Aug 1999
The beginning of the book is great but he gets too bogged down with the story of his father, his money management firm, and what the merc and cbot need to do. However, a interesting story of a champion trader.

The story of a "real" Day Trader, 21 Jul 1999
I am fascinated by the story of Mr. Borsellino. Sometimes it is more interesting to read about what made him a super trader, rather than what too many people ask for: what his secret money making style was. The secrets were on every page of the book.

Boring account of life as a local in the pit., 16 Jul 1999
This tome will have little to offer anyone outside the pit in terms of practical information about trading.It dwells excessively on the authors heritage and the influence of his father. I found Marty Schwartz' PIT BULL to be a more entertaining story about the life of a trader. The one gem in the book is the author's revelation that he traded upwards of 250,000 contracts per year and his admission that if he had to pay normal retail clearing commissions he would not have made any money at all.

Get this one!!!, 15 Jul 1999
This is not one of those boring technical trading books that will put you to sleep standing up. Once I started reading this book I found it hard to put down. On one of those few occasions that I did my wife started reading it, and she knows absolutely nothing about trading commodities futures. Since then I have recommended this book to all my family and friends. If you want to read a really good book, this one delivers.

Its The Trading Psychology Stupid, 13 Aug 1999
I realised in reading this book the importance to making profits of trading psychology. It was essential to trader success. I heartily recommend Douglas (The Disciplined Trader) and Patel (The Mind of a Trader)-v.good.

Poor techno book, 04 Aug 1999
The cost-effectiveness of this book is very poor. What you get for a relatively high price, is a simple techno book, describing in a sometimes very confusing way technical details of day trading, but I seems very doubtful if it would be a useful guide when really entering day trading.

What I did miss in this book is a chapter (or two) dealing with the chances and risks of day trading. Ther is no indication what the average success rate is and what percentage of traders make how much money.

There are only two pages dealing with statistical calculations. The conclusion at that point is, that due to these statistical calculations you would be able to make 30% net gain per year. If this is all, I rather would buy GE stocks, take no risk, have a good sleep and after a year an even higher return!!

Since the auther runs a SOES company you get the impression, that the book is just a simple ad for the company, however to be paid by the reader for an unjustified price.

In summary: Forget about the book, buy GE stocks and have a good time.

Electronic Day Trader is hard to follow for a beginner., 04 Aug 1999
The Electroninc Day Trader didn't take the time to go over the basics of trading stocks. It used a lot of terms that the beginner would not understand. The book "Day Trade Online" by Christopher Farrell did a much better job in explaining in detail what terms meant and took you through the trading process step by step. I would give that book 5 stars!

Over Hyped, 28 Jul 1999
There are much better day trading books available than this one.Totally over-rated and under performing!

This is a very interesting book, 25 Jul 1999
This is a very interesting book and useful if combined with the Secrets of Electronic Day Trading also created by the same authors. We are not sure that the discussion regarding Specialists is still that useful because it is our understanding that specialists do a great deal more hedging with options than when one of these authors worked on the AMEX. However, with regard to listed stocks you get to see how a trader of New York stocks thinks. It is part of the evaluation process that we do all day long. This book's strength seems to be with NASDAQ stock trading. Which makes sense since the authors own a SOES firm. On CNBC the author stated a new trader should learn how to trade by trading 100 shares. We agree. You are not going to sit in front of a screen and be a great trader; without understanding, experience and discipline. After all did the net stocks go up forever? After Yahoo went up over 200 was it still a hold. I guess it depends on the size of your account and your time horizon. This book explains a very simple method of day trading. It surprisingly works for a few very skilled practitioners. We know it works because we do the same thing, (mostly on New York stocks). If you have experience you might pick up the nugget of wisdom in this book. Without experience you need to read the follow-up book because the useful piece of information gets drilled into you by every real daytrader they interviewed.

Friendly, readable resource.., 29 Sep 2007
When I am looking to learn about something and dont want to be blasted by information overload and jargon, I usually look to learn from someone who is an ordinary individual that just had a go and learnt as they went. And this author is one such individual, who learnt from experience, aquaintances and trial and error and general workshops. This book is very accessable from a lay persons perspective written in a friendly and coherent manner. Whats more, she seems to cover everything that is required to day trade including psychological attitude, risk v reward,trends, technical analysis, chartings and any thing else one could require for a good footing in day-trading. Good for the begineer too, but you would have to go slowely to absorb the information..

Essential addition to any trading library, 13 Sep 2006
This book gives you a complete introduction to trading starting with the landscape view and zooming into daytrading. Price is everything in trading because it's a collective market with varying degrees of knowledge. Studying this book and apply it's knowledge to your own trading charts.


Save your money, 19 May 2004
I thought I'd give this book a try, and honestly speaking it has a few useful, but obvious, pointers. However, best investment you can make is to put your money into a more serious book that actually **educates** you.

The style is far to chatty and I lost count of the number of times Lori says she couln't give a "rats pahooti" about something. Annoying. Be wise.

A cornerstone guide on how to trade for a living, 12 Jan 2004
I cannot believe how good this book this is. This book will define whether you are a trader or a gambler.
The author is very honest in sharing her past mistakes and there are various little sections in basic human psychology that spur you on and give you confidence in your general life.
She will tell you went to trust your gut instinct - and remind you that sometimes greed will give you what feels like a gut instinct.
Highly recommended book. I cannot stop reading it (in between looking at my real-time price screen!!)

Excellent foundation book., 30 Jul 2003
It was just by share luck that I chose this book out of the many on this subject. It explains the basics, some I thought that I knew already, but evidently I did not. Charting techniques from beginners level was very well explained and introduced the most common charts. The basic charting explained in the book gives an excellent foundation. Trading pychology was evident through out the book, with the number one saying "always protect your capital".
Since reading the book I have put sone of the theories in to practice, the conconclusion is that the book enables you to go on and further reasearch various technical analysts charting. I still use this book for reference which underlies the title of "Beginners".
Excelleny buy.

One of the best trading books out there, 11 Apr 2008
This book really changed my approach to trading as it gives an invaluable traders view into the world of trading. John Carter is a full-time trader and fully understands just as much about the psychological aspect of trading as the technical. He gives a fascinating 'insiders' perspective on trading, he explains why some technical tools work really well, then at other times the same tools don't work at all, what causes the markets to act in the way they do, and how to devise a trading strategy that works for you.

John Carter gives a very honest appraisal of the world of trading, with some excellent insights into trader pyschology, as well as some superb and proven technical analysis techniques that he himself uses very successfully.

a highly recommended trading bible, 19 May 2007
John Carter is a good teacher. His book 's not only covering some of his strategies but also giving you an idea of the reason why they work [ why the markets move the way they do]. In addition to this, he gives you a business plan and a money management plan, without over optimistic forecast.
Carter is obviously not the funniest guy on earth and his book is not the easiest if you are an absolute beginner in trading. But if you take the time to study his strategies and you follow his advice, you are probably on your way to become a very good trader. His views are realistic & honnest, something rare among trading mentors & other gurus in this profession.
A recommended buy if you are committed to trading.

Good Book ... However, 08 Nov 2006
This books is good, however I think we as traders need to focus on more concrete trading strategies instead trying to know a little about everything.

Personally I like to trade based on momentum because my exposure to the markt is less and I can take advantage of stocks with out spending to much time in front of a computer wondering or speculating more than i have to.

It's no secret that certain momentum stocks bring the posibility of gaining as much as 100% on the same trading day. Some may only rise 10% on a few minutes, which means that you could roughly make a cool $1000 on a $10,000 investment on the same day.

The problem is that if you don't know how to choose those stocks and handle them while limiting your risk, you won't even get close to making a few profits.

Fortunatly some sites on the web can help you with effective and proven momentum trading strategies. One of those sites that can show you how to pick

I highly recommend it, 20 Oct 2006
This is a great book for day trading and swing trading. I have made a decent some of money just by using a few of the strategies in Carter's book. What is also brilliant about this book is the abundant number of examples that Carter uses to justify his strategies.

A very comprehensive read, 08 Sep 2006
As a relatively new trader, I have a library of trading books all focusing on specific aspects of trading. MTT is as comprehensive a trading book as I have read, covering not only specific trading strategies that I have begun using in my trading, but also an excellent section on developing a business plan - an area that I've not seen covered in any trading book. Reminding ones self when you enter the trading game that it's a business that needs as much planning as any other business seems so obvious and yet is probably overlooked by the majority of aspiring traders. I refer to the book daily and would highly recommend this to both beginners and advanced traders alike.

best returning investment I've ever made, 02 Oct 2004
I jumped into online trading and promptly started losing money. As you do.
I knew of Alpesh Patel from investing magazines and tv. This book has the clearest explanation of fundementals and those most vilified of all tools, charts and indicators. (You know the stuff like pennants, flags, double tops, etc.) I like the way Alpesh gives a very even handed explanation, and clearly identifies the pros and cons of all methods.
There's nothing here that is not available in a hundred other guides, but it is very easy to understand, and I like the clear diagrams and charts that back up the text explanation. Most of the other guidebooks available in the UK are written by Americans about the US market, and use US examples and currency. This one is definately UK-centric, but does not ignore the US.
There are a few grammatical and layout glitches in my edition, but nothing substantial.
My copy was the only book I took on a recent trip to Oz (which is incredibley sad when I think about it!) and is dog eared and covered in highlighting and margins scrawls.
I guess the acid test is - did it change my trading technique, and did that help me to make money? The answer, I am happy to say, is yes on both accounts.
It has paid for itself many times over.
Recommended for a basic to intermediate enthusiast level.

Good overview - too technical?, 25 Jul 2003
This book gives a good overview of trading online, but may be too technical for some (well, me!). It focuses on short to medium-term investment. The author uses humour which helps lift the tone and it is pretty concise too.

It's easy to read and covers all the things you need to know before taking the plunge and making your first trade. In particular, the need for a trading strategy. Unfortunately, it didn't delve in much detail about how to develop such a strategy based on technical analysis, which you would need to get elsewhere.

So it may not be ideal for the complete novice - some of the technical analysis parts (graphs and charts) were a bit over my head and really needed more discussion. But it is a Pocket Guide after all and definitely acts as a good stepping stone on to more in-depth books if you become interested.

Well worth a look then, but you may want to have some experience of the financial world first!

psychotherapy for traders, 14 Dec 2005
I have read many books about trading psychology. They only mentioned the problems eg. stress, lossing confience. But all of them can't offer any techniques to help traders to solve the problems. So I have been looking for a psychotherapy book that can really help traders. Here it is! Really good!

The title to this book is in my opinion misleading., 18 Oct 2006
I found this book to be of no use in developing a Trading System that works, which is what the title would lead you to believe.I would advise people looking to develop profitable strategies for developing robust trading systems to look at other titles, and stay away from this book.

A systematic approach to designing robust trading programs, 08 Sep 2001
BRILLIANT! I have read many books in my search for honest facts to help develop my own trading skills. Most promise the earth and then continue to cover the same old topics, presenting someone elses ideas in a slightly different format and providing little if any tangible benefits for the time taken to read.

Others present ideas, qualified with such heavily curve-fit results (to sell systems available at www.*** usually at the end of the book) they are of no use in the real world and are probably a good, if not major reason why so many fail.

At last, along with straight talking authors like Kaufman and Chande, I have found the best book so far. Here we can see the correct processes for developing and testing systems, portfolio's and strategies along with the figures that really count. Don't assume this is similar to the dozen or more other books that promote these concepts. Thomas Stridsman breaks new ground by questioning the figures most suggest as crucial and then more importantly showing you exactly why!

Every idea is supported with examples and evidence along with TScode and spreadsheet formula for external testing. If you only buy one book make sure that it's this one.

Paul H

Excellent incite into floor trading, 02 Jan 2006
Lewis brings an excellent incite into the world of FLOOR TRADING in which he portrays the rollercoaster ride of the daytrader. Having survived decades trading this way, his methods and experiences are indeed valuable to traders both on and off the trading floor. Lewis charts the evolution of trading from the pit to the pc.

worth a look, 02 Aug 1999
The beginning of the book is great but he gets too bogged down with the story of his father, his money management firm, and what the merc and cbot need to do. However, a interesting story of a champion trader.

The story of a "real" Day Trader, 21 Jul 1999
I am fascinated by the story of Mr. Borsellino. Sometimes it is more interesting to read about what made him a super trader, rather than what too many people ask for: what his secret money making style was. The secrets were on every page of the book.

Boring account of life as a local in the pit., 16 Jul 1999
This tome will have little to offer anyone outside the pit in terms of practical information about trading.It dwells excessively on the authors heritage and the influence of his father. I found Marty Schwartz' PIT BULL to be a more entertaining story about the life of a trader. The one gem in the book is the author's revelation that he traded upwards of 250,000 contracts per year and his admission that if he had to pay normal retail clearing commissions he would not have made any money at all.

Get this one!!!, 15 Jul 1999
This is not one of those boring technical trading books that will put you to sleep standing up. Once I started reading this book I found it hard to put down. On one of those few occasions that I did my wife started reading it, and she knows absolutely nothing about trading commodities futures. Since then I have recommended this book to all my family and friends. If you want to read a really good book, this one delivers.

Its The Trading Psychology Stupid, 13 Aug 1999
I realised in reading this book the importance to making profits of trading psychology. It was essential to trader success. I heartily recommend Douglas (The Disciplined Trader) and Patel (The Mind of a Trader)-v.good.

Poor techno book, 04 Aug 1999
The cost-effectiveness of this book is very poor. What you get for a relatively high price, is a simple techno book, describing in a sometimes very confusing way technical details of day trading, but I seems very doubtful if it would be a useful guide when really entering day trading.

What I did miss in this book is a chapter (or two) dealing with the chances and risks of day trading. Ther is no indication what the average success rate is and what percentage of traders make how much money.

There