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Tools and Tactics for the Master DayTrader: Battle-Tested Techniques for Day, Swing, and Position Traders | 
 enlarge | Authors: Oliver Velez, Greg Capra
Publisher: McGraw-Hill
Category: Book
List Price: $55.00
Buy Used: $24.46
You Save: $30.54 (56%)
New (23) Used (24) Collectible (1) from $24.46
Rating:  128 reviews
Sales Rank: 49880
Media: Hardcover
Edition: 1
Pages: 389
Number Of Items: 1
Shipping Weight (lbs): 1.8
Dimensions (in): 9.3 x 7.8 x 1.7
ISBN: 0071360530
Dewey Decimal Number: 332.6420285
UPC: 639785320098
EAN: 9780071360531
ASIN: 0071360530
Publication Date: June 29, 2000
Availability: Usually ships in 1-2 business days
Condition: (box au n) light edge/point wear, light scuffing, highlighting throughout, price stickers on coverI package all books carefully & ship quickly!
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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.
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| Customer Reviews: Read 123 more reviews...
 A real waste of money January 3, 2009
Ross
I unfortunately bought this book at Barnes and Noble and paid way more for it than what I could have got it for on Amazon. There is nothing I can say that hasn't been said about this book. It hooks you with some motivational chapters that seem promising and then the rest of the book is a waste of money and time. No new ideas, not enough detail in any of their setups. I gave up reading it after I got half way through and realized I hadn't learned a thing.
If you watch CNBC Velez has a commercial advertising an online trading seminar. If you take the seminar then they will fund your trading for life. The class only costs $10,000 and the fine print at the bottom of the screen took me 1 full minute to read. This confirms the shadiness of these authors. They push their website so hard in their book it becomes very obvious how this whole book is just a money maker and advertisement for them. Dont buy it- This is absolutely the worst trading book I have EVER read. I would have given it a zero if I could have.
 Great for the mind! December 16, 2008
Wesley T. Nelson (Orem, UT USA)
I've been trading for years now. This book opened my eyes! The authors reveal the biggest psychological pitfalls many traders fall into, and I was falling into all of them! Now, I am much more confident and just that much more successful as a trader. Thanks so much Greg!!
Has som useful information for the beginner but is out of date. August 8, 2008
Jim McDaniel (California, USA)
1 out of 1 found this review helpful
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! June 17, 2008
Jose de Santiago (Lodi, CA)
0 out of 1 found this review helpful
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 May 5, 2008
David Colletti (West Point UT)
0 out of 2 found this review helpful
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
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