Strategies for Profiting on Every Trade
Simple Lessons for Mastering the Market
Published on 16. January 2007
Book
Hardback
236 pages
978-1-59280-259-3 (ISBN)
Description
An accessible guide for traders looking to boosting profits in the financial markets from a trading superstar
Dubbed "The Messiah of Day Trading" by Dow Jones, Oliver Velez is a world-renowned trader, advisor, entrepreneur and one of the most sought after speakers and teachers on trading the financial markets for a living. His seminars and workshops have been attended by tens of thousands of traders the world over. In this highly-focused and effective trading resource Velez imparts seven key lessons to further any trader's education. From market basics to managing trades, trading psychology to investment planning, technical analysis and charts to income versus wealth building, these lessons contain powerful insight and advice far beyond anything you'll find in most introductory trading books.
* Each section of the book offers clear examples, concise and useful definitions of important terms
* Includes more than ninety charts illustrating market challenges and opportunities, how to profit from patterns, and much more
* Written in the parlance of the day trader's world, this book offers you the experience of being taught trading skills by the best of the best
Dubbed "The Messiah of Day Trading" by Dow Jones, Oliver Velez is a world-renowned trader, advisor, entrepreneur and one of the most sought after speakers and teachers on trading the financial markets for a living. His seminars and workshops have been attended by tens of thousands of traders the world over. In this highly-focused and effective trading resource Velez imparts seven key lessons to further any trader's education. From market basics to managing trades, trading psychology to investment planning, technical analysis and charts to income versus wealth building, these lessons contain powerful insight and advice far beyond anything you'll find in most introductory trading books.
* Each section of the book offers clear examples, concise and useful definitions of important terms
* Includes more than ninety charts illustrating market challenges and opportunities, how to profit from patterns, and much more
* Written in the parlance of the day trader's world, this book offers you the experience of being taught trading skills by the best of the best
More details
Persons
Oliver L. Velez, co-founder of Pristine Capital Holdings, Inc., parent company of Pristine.com, served as its chairman and CEO for 12 years. Over 19 years ago, Mr. Velez took the trading industry by storm when he introduced a unique and dynamic style of market play to the equity markets, dubbing it "Swing Trading." Today, thanks to Mr. Velez's international speaking tours and his award-winning trading methods, this trading approach has become one of the world's most popular forms of trading.With more than 60,000 clients that span over 40 countries, Pristine Capital Holdings, Inc. has become the premier educational resource for investors, active self-directed traders, and institutions. Mr. Velez is the author of Swing Trading with Oliver L. Velez published by Marketplace Books, the co-author of the best selling book, Tools and Tactics for the Master Day Trader, published by McGraw-Hill, and the author of the Oliver L. Velez DVD Seminar Series, the trading industry's all-time best selling DVD series.
Paul Lange is a Senior Pristine Certified Trainer, Certified Pristine Mentor, Head Moderator of the Pristine Method Trading Room, member of the Pristine Research Team, and a Trader Coach.
Paul Lange is a Senior Pristine Certified Trainer, Certified Pristine Mentor, Head Moderator of the Pristine Method Trading Room, member of the Pristine Research Team, and a Trader Coach.
Content
Introduction 11
Getting Started 11
Lessons on Getting Ready 21
Developing a Watch List 21
The Watch List Concept 25
Time Frames 26
Your Progress as a Trader 28
Lessons on Some Basics 33
What Market Is That Again? 33
Looking at the Big Picture 37
A Guide to Protective Stop Losses 41
Trading the First Half Hour 44
Fundamental vs. Technical 46
News You Can Use 49
News and Your Trading 53
Are You Still Investing? 56
Reversal Times 58
The All Important 200 Period Moving Average 60
Moving Averages, the Power of the 20 MA 67
A Return to Some Basics 71
Lessons on Managing 73
Managing a Trade 73
Dealing with Disaster 75
Alternate Swing Entries 77
The Reward to Risk Ratio 81
Do You Find Yourself Target Challenged? 87
The Anatomy of an Entry 89
Lessons on Psychology in Trading and Planning 94
The Psychology of Fear 94
The Trading Plan - The Key to Your Success 96
Discipline 99
Some of Your Best Qualities 100
The Need to Be Right 102
The Ways Traders Learn 104
Using Public Fear as a Trading Tool 106
Analysis of a Losing Trade 110
Technical Lessons 115
Some Common Mistakes 115
Was That a Double Top? 118
Support and Resistance 123
That First Pullback 127
Recognizing a Trend Day 129
The Perspective of Multiple Time Frames 133
Zoom, Zoom, Zoom 137
Daily Pivot Points 141
Fighting the Trend 144
How a Trend Ends 147
The Intraday Trend 150
Finding an Intraday Reversal 152
A Change in Trend, Part 1 155
A Change in Trend, Part 2 157
Trading Gaps, Part 1 159
Trading Gaps, Part 2 162
Chart Lessons on the Market 165
The NASDAQ in Review 165
A Look at the Market 170
The NASDAQ Update, Part 1 172
The NASDAQ Update, Part 2 175
The Volatility Index as a Guide 178
Caution in the Market 181
Lessons on Classic Patterns 184
Using Relative Strength as One of Your Tools 184
Relative Strength at Reversal Time 187
Failed Breakdown at Reversal Time 190
A Strategy against the Trend 193
Playing a Climactic Reversal 196
The Lunch Time Fade 198
The Power of a Mortgage Play 201
Finding Unique Plays 204
Quality Breeds Nicknames 207
When It All Comes Together 210
Conclusion 215
Appendix 219
Analyzing Pristine Buy Set-ups 219
Glossary 225
Index 229
Getting Started 11
Lessons on Getting Ready 21
Developing a Watch List 21
The Watch List Concept 25
Time Frames 26
Your Progress as a Trader 28
Lessons on Some Basics 33
What Market Is That Again? 33
Looking at the Big Picture 37
A Guide to Protective Stop Losses 41
Trading the First Half Hour 44
Fundamental vs. Technical 46
News You Can Use 49
News and Your Trading 53
Are You Still Investing? 56
Reversal Times 58
The All Important 200 Period Moving Average 60
Moving Averages, the Power of the 20 MA 67
A Return to Some Basics 71
Lessons on Managing 73
Managing a Trade 73
Dealing with Disaster 75
Alternate Swing Entries 77
The Reward to Risk Ratio 81
Do You Find Yourself Target Challenged? 87
The Anatomy of an Entry 89
Lessons on Psychology in Trading and Planning 94
The Psychology of Fear 94
The Trading Plan - The Key to Your Success 96
Discipline 99
Some of Your Best Qualities 100
The Need to Be Right 102
The Ways Traders Learn 104
Using Public Fear as a Trading Tool 106
Analysis of a Losing Trade 110
Technical Lessons 115
Some Common Mistakes 115
Was That a Double Top? 118
Support and Resistance 123
That First Pullback 127
Recognizing a Trend Day 129
The Perspective of Multiple Time Frames 133
Zoom, Zoom, Zoom 137
Daily Pivot Points 141
Fighting the Trend 144
How a Trend Ends 147
The Intraday Trend 150
Finding an Intraday Reversal 152
A Change in Trend, Part 1 155
A Change in Trend, Part 2 157
Trading Gaps, Part 1 159
Trading Gaps, Part 2 162
Chart Lessons on the Market 165
The NASDAQ in Review 165
A Look at the Market 170
The NASDAQ Update, Part 1 172
The NASDAQ Update, Part 2 175
The Volatility Index as a Guide 178
Caution in the Market 181
Lessons on Classic Patterns 184
Using Relative Strength as One of Your Tools 184
Relative Strength at Reversal Time 187
Failed Breakdown at Reversal Time 190
A Strategy against the Trend 193
Playing a Climactic Reversal 196
The Lunch Time Fade 198
The Power of a Mortgage Play 201
Finding Unique Plays 204
Quality Breeds Nicknames 207
When It All Comes Together 210
Conclusion 215
Appendix 219
Analyzing Pristine Buy Set-ups 219
Glossary 225
Index 229