Reddit reviews Mastering the Trade, Second Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups
We found 5 Reddit comments about Mastering the Trade, Second Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups. Here are the top ones, ranked by their Reddit score.
McGraw-Hill
( please guys have fun with my answer, obviously a lot of things here are jokes. take home what fits you ).
AFAIK There is actually one OTS online platform for trading crypto, which is very buggy and have a very amateur community ( even veterans on that platform are generally noobs ), the backtest isn't even close to realistic unless you somehow compensate the slippage and some other "real life" problems ( i'm far from having the magic sauce myself, but i can tell when shit smells funny ).
Don't even try to use one of the fast bots available there, they will generally just loose your money quickly before you can actually realise wtf is going on. They have a market place with paid the strategies and they are generally very unreliable, specially because the norm is to hide the source code of the paid strategies and post backtests - not live links -, so basically it could be just a fake strategy doing the other side of the creators trade not to say backtests are generally far from the results you get in the real world, at least the backtests in @ cryptotrader.
The support is very poor and slow, some questions are simply ignored and the UI is lame ( euphemism here ), http://cryptotrader.org
Still it's the only algo trading platform for crypto i manage to have running 24hours to generate some profit while i'm building my own - so far i'm only trading ETH margin on poloniex because of it's volume.
The good side is that the language used for the bots is coffee script which is one of the most pythonish languages out there 馃槈
I'm a beginner myself but i already have profitable bots earning consistently ( i had to learn how to do my own after only loosing money with the famous bots out there ).
Other relevant comments:
To wrap it up:
Books I鈥檇 recommend for trading are
Secrets of a pivot boss- franklin Ochoa
https://www.amazon.com/Secrets-Pivot-Boss-Revealing-Profiting/dp/0615391273/ref=nodl_
Mastering the trade - John f Carter
https://www.amazon.com/Mastering-Trade-Second-Techniques-Profiting/dp/0071775145/ref=nodl_
I鈥檓 currently reading this book by John Carter. I鈥檝e found it to be very good, even if repetitive at points.
Mastering the Trade, Second Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups https://www.amazon.com/dp/0071775145?ref=yo_pop_ma_swf
I鈥檝e also read Trading in the Zone (Douglas) and How To Day Trade for a Living (Aziz) which are also good.
I know a pretty good book. It might help.
TTM squeeze is just one of a few setups I use and like any other indicator it works great except when it doesn't. John Carter makes it sound way too easy having a bunch of red dots telling you to get ready to buy in. Having said that when I do trade it, it can return 100%+ on option trades.
If you're going to look into it you'll need to use it as a confirmation for price action; make sure there's a trend happening and set your own price targets. The last trade squeeze I played was for FB just a few days before the daily breakout on 6-Sept. The stock had been trending up for months and was testing 126.50. It then broke up $4-5 and my options went from $2 to ~$5.
When backtesting I found it works well for FB, AAPL, NFLX but sucks with DIS, IBM. I experimented using it on TSLA 1min charts during the first hour of the day but have since let that one go coz TSLA is crazy.
But yeh I'm still playing around with it to get a better hit rate, mixing it with MACD, 8EMA etc. If you haven't already, read John Carter's book, Mastering The Trade:
https://www.amazon.com/Mastering-Trade-Second-Techniques-Profiting/dp/0071775145
It has a heap of great setups that I have since started using and seem to work pretty well, if you have an idea of what you're doing.