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Tools and Tactics for the Master DayTrader Battle-Tested Techniques for Day, Swing, and Position Traders
ISBN: 0071360530     Date Published: 2000-06-29     Author(s): Oliver Velez, Greg Capra
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Hardcover
McGraw-Hill
389 Pages
 
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06/20/2013 01:24:15
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Editorial Review - Book 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.
 
Customer Review:
Total Reviews: (147)
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(3) Shared
 
232 of 240 People found the following review helpful.

Dissenting Opinion from a Full-time Trader, July 14, 2000 By A Customer This review is from: Tools and Tactics for the Master Day Trader: Battle-Tested Techniques for Day, Swing, and Position Traders (Hardcover) The people who previously reviewed this new book by Oliver Velez and Greg Capra seem to have started in the middle of the book, looking only for The Holy Grail to lead them to immense profits heretofore undiscovered by anyone else. I found the real value in the first half of the book, which tries to show you why you haven't been a successful trader up to now and what to do about it. This is worth the price of the book in itself. They are teaching you how to fish, not giving you a fish, as the old saying goes. They should include a mirror with every copy, as I see myself in every page when they describe the mistakes made by beginning traders. I started trading commodities in 1989 and switched to stocks in 1998, so I have had the rare opportunity to make all the mistakes they describe and more. But the good news is...that's what makes you a success later on. Chapter 5, "The Seven Deadly Sins of Trading", doesn't just tell you the sins, but actually tells you how to...
 
103 of 112 People found the following review helpful.

Fair for what's fair, October 31, 2002 By A Customer This review is from: Tools and Tactics for the Master Day Trader: Battle-Tested Techniques for Day, Swing, and Position Traders (Hardcover) Overall the book is a great source of information for novice traders. The psychology related chapters are very important and essential for the survival of traders. The techniques are simple but have been around for many years, but nonetheless great tools for traders.Now, let's comment on the very positive as well as very negative comments regarding the book. The negative comments appear to be from "well seasoned" traders with 10-20 yrs experience, that emphatically emphasize the phrase "I'm a succesful trader". Well, it is my experience that if you are really succesful then you would hardly gloat yourself on this attribute. Much less buy a trading book IF you are indeed a 10-20 yrs experienced trader! Now, that's hard to swallow. So, here's my grain of salt on these comments.I'm very open to new ideas and this book will provide the novice trader with simple and effective ones. Now, let's make it clear! This book, in any WAY, SHAPE or FORM will make you a Mastertrader from day to...
 
47 of 53 People found the following review helpful.

My Actual Results of The Trading System Recommended in book, January 29, 2004 By A Customer This review is from: Tools and Tactics for the Master Day Trader: Battle-Tested Techniques for Day, Swing, and Position Traders (Hardcover) I didn't read all of these reviews until I had bought and read the book. And it was quite by accident that I did read them. I was looking for other books like it. While a number of the critics said the book wasn't as good as others, oddly, one critic bashs the authors of this book then recommends Toni Turner's book for which one of these authors, Oliver Velez, wrote the introduction.Here are some actual results of their system. I checked my last five days of trading and found my results gave me a 5.2% gain on three losses and three wins! This is the 50/50 deal that is dismissed by one of the critics who said their system produces. Now I will take that sort of gain any time. If I could have that every week it would give me a 268% profit for the year! Not bad for a beginning.I give you specific trades I made to produce these results. Check them for yourself.The trades were made from January 23 to January 29,m 2004.1-23-04 - Bot ANDW @ 16.763 -...
 
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