Product Description

Over 30,000 online investors daily flock to pristine.com, the top-rated Website run by day trading legends Oliver Velez and Greg Capra, for up-to-the-minute strategies and market commentaries. In Tools and Tactics for the Master Day Trader, Velez and Capra revisit and completely update over 100 of their daily commentaries from the past four years, with new material explaining what worked, what didn't, and why.

This no-nonsense, easy read, meant to be referenced by traders every trading day, covers everything from potent trading strategies to intuitive insights on psychology and discipline. Proving once again that the best teacher is experience, Tools and Tactics for the Master Day Trader will help any trader log on with the technical skills, market knowledge, and confidence they need to capture more winning trades, and reap new profits.

Product Details

• Amazon Sales Rank: #34536 in Books
• Published on: 2000-06-29
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 389 pages

Book Info
Provides weapons needed to become a confident, self-empowered, and successful day trader. Contains the nuts-and-bolts techniques needed to master the market. Includes market timing, charting, trade management, and much more. Takes a behind the scenes look at today's day traders and how they manage day-in, day-out challenges.

From the Back Cover

Techniques-Driven Tips of the Day Trading Pros­­Direct from the Experts of Pristine.Com!

Today's stock market gives smart, aggressive day traders more opportunities for profit opportunities than at any time in history. Never before has trading wealth been so achievable for the well-prepared day trader...and so elusive to the ill prepared.

Tools and Tactics for the Master Day Trader provides the weapons you need to become a confident, self-empowered, successful day trader. Oliver Velez and Greg Capra­­the online trading pioneers behind Pristine.com, today's most insightful and innovative day trading Website­­give you the nets-and-bolts techniques you need to master the market, including:

• Market Timing­­S&P futures, NYSE Tick Indicator ($TICK), NYSE Trader's Index (TRIN), New Lows (NLs)
• Charting­­Tails, Gaps, Retracements, Moving Averages, NArrow Range Bar (NRB)
• Trade Management­­Initial Stop, Break-Even Stop, Trailing Stop, Time Stop

Day Trading is one of today's most demanding, unforgiving endeavors. It can also be one of the most lucrative. Let Tools and Tactics for the Master Day Trader take you behind the scenes, and show you how today's top day traders arm themselves­­both psychologically and intellectually­­for the day-in, day-out challenges of a limitless day trading career.

About the Author

Oliver Velez and Greg Capra are co-founders of Pristine Capital Management, Inc., and Pristine.com. They are among the electronic trading industry's most sought-after speakers.

Customer Reviews

Has som useful information for the beginner but is out of date.
Wow. This book sure has received a wide range of reviews. I do respect that those who claim many years of successful trading didn't like it, but then I notice that some of them seem to despise it because it didn't tell THEM anything new or meet THEIR expectations for style.

Then some of the one star reviews leave me wondering if we read the same book. I didn't see as much advertising as they did at all.

I'm rather new to short term trading and have read a number of other books before this one. I thought that there was a lot of specific insights in the book clearly presented and some clear tactics and chart formations presented in the context of making trading decisions (as opposed to simply educating people on general chart analysis). However I come to the book understanding that it is only information, not a recipe and that I need to investigate and test out their ideas to see if they work for me.

I appreciated the explanation of using Level II information. This is the first practical information I've been able to find on this subject (not saying it isn't out there, I just haven't found this kind of tactical explanation).

It's true that you will regularly run across misspellings which shouldn't be in such a professional publication and their repetition of the phrase "the master trader" makes the authors seem a bit pretentious but then I've noticed that many authors on trading aren't English majors. That's OK with me if they can teach me to trade successfully.

My biggest concern is that a number of the practical nuggets in the book are out of date. It was written before the crash of 2000. The market and the electronic trading landscape that they describe is 8 years older by now. Not all of the "big 5" companies they tell us to follow as indicators aren't the leaders they were back then.

All in all, as a beginner mining for information of all kinds, I found some helpful information and advice in the book if taken in the context of other books, but would rather see something that is much more current.

I highly recommend Van K. Tharp's "Trade Your Way To Financial Freedom" before, as a basic primer on investing/trading to put all the other books and courses in context.

Excellent Learning Tool!
This book is by far the most informative that I have read in a very long time. Most other books on the subject of trading offer only so much. However, O.V. goes much further in that he gives actual methods by which one can enhance his trading techniques many fold. I recommend this book to any and all - beginners and experienced traders. I only wish I had come upon this book years ago!

From the Stock Traders Headquarters library
They have written the perfect book for the beginning trader or the trader who is struggling and needs to get back to the basics. They cover trading psychology thoroughly and offer an excellent introduction to basic trading systems.

David Colletti
Founder
StockTradersHQ.com