thebusinessbookstore.com

Rating: 4
Ignore Some of these Bad Reviews

Here's a heads up from someone who actually has taken the time to read the book and put money on the table to test its strategies in real-life trading situations (after I paper traded them, of course).

To avoid undue negative bias, I recommend not listening to the reviewer that "heard" that the authors don't trade (what a bunch of bologna)...and also try to ignore the guy that talks about the "performance" aspect (Pristine posts a trade once a week on their website...since I've been following it --quite a few months now-- the win/loss has about 50/50) -I guess the writer of that review hasn't realized that trading is a numbers game...it's not about being right more than you're wrong, it's about cutting losses short and letting profits run (the most profitable trader in the world was only right 42 percent of the time, and that was his best year). Finally, please try not to laugh when you read the review by the guy that only "skimmed through" the book at B&N...give me a break...maybe he ought to actually READ it before he bashes it.

Anyway, I think that this book is ideal for people who may just be entering the arena of trading. It cites some basic, yet proven, high-probability price pattern formations and some simple but effective technical indicators. I've personally traded the core tactics (the Key Buy/Sell setups) on many occasions and have made lots of money doing it. Part 1 has some useful info about the mental aspects of the game...of course, controlling your psyche is what it's all about when everything's said and done.

Bottom Line: Don't believe the negative hype... This book is well worth the 40 bucks.

Rating: 5
Tools and Tactics for the Master DayTrader: Battle-Tested Te

In three words....GREAT TRADING BOOK. I am a full-time proprietary day trader working at a NYC trading firm and I've read at least 20 books on the subject of trading. I wish I had read this one first instead of last. It would've advanced my success rate substantially. Velez starts off by talking about the psychological & mental aspects of successful trading and explains, in clear & simple language, how to mentally prepare for the trading process - from entering a position to exiting it. The remainder of the books goes into various technical analysis strategies, buy & sell chart setups, entry & exiting strategies, stop loss strategies, for both swing & intraday trades. In summary, this book is a great book for an entry level or seasoned trader & is well worth every nickel. I can honestly say that this is one of the top three books Ive read without a doubt. You will not be disappointed by this book, it's all meat-no fluff.

Jim R.
Maywood, NJ

Rating: 1
Save your money!!

This book is a real piece of crap. Don't waste your money. It reads like a 389 page advertisment for Pristine Day Trading seminars.As a professional trader, I pity the newbie who buys this book expecting to get any usable information from of it. I buy books hoping for ONE good idea: I lost!"Methods of a Wall St. Master" by Vic Sperandeo is a MUCH better buy.Velez and Capra advise their readers to ignore market fundamentals: Those fools who choose to ignore the fundamentals of the market do so at their own risk!!!