John Carter, from Austin Texas is primarily an options trader, who’s been trading for about 25 years. He thinks of himself as an aggressive trader. In fact, his usual holding time is a couple of days for any given trade.
John shares the multiple boom ‘n bust cycles he was in for about 8 years before gaining actual consistency. He also answers the questions on whether a high risk tolerance is crucial to becoming a successful trader.
John also provides great advice for traders who are still navigating the waters. He goes into trading options, indicators and technical analysis, as well as details into John’s million dollar TSLA trade.
What’s Covered in This Interview:
- How John still can miss great trading opportunities.
- Why it’s dangerous to chase a move emotionally and lacking patience.
- Why it’s a good position to be “flat”, which basically means you have a neutral view on the market.
- Why you shouldn’t trade out of boredom.
- John’s better at giving money than making money early on.
- John’s turn point which helped him to be more consistent after 8 years.
- Why John likes to trade options after trading pretty much in every market during his career.
- John’s advice to novice traders that he wish someone had told home early in his career.
- John’s step-by-step moves for his million dollar trade on TSLA.
- Why John only looks at a chart for a few seconds to decide whether or not there’s a good setup.
Links and Resources:
- Trading in the Zone – This book by Mark Douglas is one that John recommends ever discretionary trader reads as well as The Disciplined Trader.
- Option Alpha podcast – This episode references John’s interview with Kirk Du Plessis a few times.
- SimplerTrading.com – Learn more about John here. There’s a lot of resources for traders of options, futures, stocks and Forex.
- @JohnFCarter – Follow John on Twitter.
Click here to get your free copy of The Comprehensive Guide to Trading Mentorship.
