About the Author
John F. Carter is a Commodity Trading Advisor (CTA) with Razor Trading. Founder of TradeTheMarkets.com and SimplerOptions.com, he makes frequent appearances on CNBC and Bloomberg and is a regular contributor to SFO magazine and MSN Money. Carter is a founding member of Maverick Business Adventures, which aims to train more than 100,000 young entrepreneurs by 2020.
The chapters on psychology (1 and 2) are spot on whether you trade futures or stocks. Chapter 3 (Tools for Traders) is a little random doesn't really concentrate on tools more so buy a decent computer which you should know already and get some good quotes with other things thrown in Chap 4 - futures trading. Well either you trade futures or you don't but this showed me that even if you don't you should still watch the futures market because in many cases this drives the stock market - that was key information for me. Chap 5 Intro to options will save you money if you listen by steering away from buying out of the money options. Chap6 Eye Opener - talks about market internal indicators that I personally had not seen written about in any other book - very good information Chapter 7-22 are all about setups. There is enough information to get you hooked and interested but not enough to make you profitable without 1) purchasing indicators and 2) taking more of their training. This is why I couldn't give it a 5. The setups are nice but just enough to be dangerous to your account. I guess I cant really blame them because who wants to give away all of their hard won information for the price of a book. The squeeze and the waves are the main indicators. The propulsion play chapter on stocks needs a lot of work not enough explanation at all on how to enter the trade and exit the trade. In general not enough information on exits in the setups. Most of these setups concentrate on day traders so be wary if you aren't a day trader because many of them won't work. Part3 chap23- 26 Book returns to form - great information. Sample Trading plan is worth its weight in gold
Bottom Line: This is one of the better books you can ever read on trading. Will not reveal all of their secrets but will put you ahead of the uninformed by leaps and bounds. You will most likely have to purchase some of their other training material to finally have it all click but most books are intros to trading services anyway.