John Carter from Trade the Markets

Quote from allenhobbs:

Here are the facts. John is a lousy trader, but a very good teacher and a consumate marketeer. His sidekick, Hubert, is an above average trader, which is to say he is profitable, a good teacher and a lousy marketeer. John and Hubert are a good team.

The unfortunate thing, however, is John's methods will not give you an edge over the professionals who trade. So, for your mentoring dollars, you get two very good teachers and course material that won't consistently win in the markets. Not unlike Traders International or other trading universities.

With respect to Alex at PureTick, he was trained by Carter and Linda Raschke and well schooled by them. He took the best of both worlds and tweaked their systems to become what is now PureTick. Before paying Alex big bucks as a mentor, try his room for a couple of months and see if it suites you. You might be able to learn his techniques for a lot less than private tutoring.

Good luck.
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I've been to Alex's trading room, he seems geniunely honest but I doubt he is a good trader. There were instances where he held to a losing trade for 80-points...as I recall but he is honest to say "it was stupid of me to do that" instead of feeding you some marketing, ego feeding bullshit.
 
I have never subscribed to anything John Carter is selling....other than his book. My observations are that the guy is honest.....I see here that some of you have posted that he lost your money.....and if that is so......you have every right to be negative.....! I would be also if that happend to me.
I have to say some of the things that I have picked up from him have been very useful. I have been daytrading futures fulltime for 3 years now. Some of the stuff I have no use for......staring at 5 different "market internals" while listening to "pit noise" and trying to make a decent trade strikes me as almost impossible ! I have incorporated some of the things he talks about and I must say I am happy with them.
My "thoughts" are........he has some good "stuff".....but all of this "education" is just so "personal" that some traders can read it and make very good use of it.......while some others can have no luck at all with the very same stuff........its a tough deal......its a tough business......you almost have to be "perfect" in all areas to be really successful at this game.
 
Quote from traderx123:

........its a tough deal......its a tough business......you almost have to be "perfect" in all areas to be really successful at this game.
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Amen! Successful trading is essentially the art of making as few mistakes as possible.
 
Quote from allenhobbs:

Do you recall the dates you were there? I've looked over his performance and can't seem to find the trade where he lost 80 points.
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Oh no problem, that's because the trades PureTick posts on the site aren't real anyway.

That would explain the disparity.

Nothing to get stressed over.
 
Quote from empee:

i backtested some of his ideas from his book and they didn't work at all. Maybe I mis-understood them.
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No, you didn't misunderstand them.

If I had one complaint about his book, it would be he cherrypicked the best examples of those setups and made it look as though making money was a walk in the park. A bit misleading to say the least, but what do you expect from a marketing guy who published the book as a feeder to his other services. It's called cross/up-selling.
 
Quote from allenhobbs:

No, you didn't misunderstand them.

If I had one complaint about his book, it would be he cherrypicked the best examples of those setups and made it look as though making money was a walk in the park. A bit misleading to say the least, but what do you expect from a marketing guy who published the book as a feeder to his other services. It's called cross/up-selling.
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I have the book, and it seems to be that it is best seen as a marketing tool for his more expensive, and more lucrative (for whom?), programs. An informercial in book form, a marketing tool perfected by that market expert and imprisoned felon, Wade Cook.

Carter is no Cook, but both know how to market.
 
Quote from allenhobbs:

Do you recall the dates you were there? I've looked over his performance and can't seem to find the trade where he lost 80 points.
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Can't recall exact date but it was first week of January.

Again, Alex seems honest and open to discuss almost anything from his trading style to his personal life...but I think he is still learning much himself.
 
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