Tools and Tactics for the Master Day Trader: Battle-Tested Techniques for Day, Swing, and Position Traders First Edition

Tons of knowledge in this book, and all actionable. If you are already familiar with Oliver Velez from YouTube and on the fence about this (I was for years), just get this book. It’s still worth it.

Tools and Tactics for the Master Day Trader is a book with great practical, understandable, and actionable trading advice that works. I solely began using information on the candlestick types and instantly my trading got better. I’m going to read this several times over, incorporating more and more to see what works for me, but from what I’ve already experienced, 10 out of 10 would recommend.

Yes, there are some typos that have to be reread, but I got used to that quickly. And the writing style is a bit less formal than usual but I like it.What makes this book great IMO is the amount of actionable and verifiable guidance it contains. All it takes to see what Velez and Capra are saying is watching the charts unfold. Their buy and sell setups show up on a regular basis, too many and too often for every one to be traded. Their explanation of the market's cycle stages is crystal clear and knowing where a stock is and therefore which way it's headed next becomes much more simple. And their criteria for uptrends downtrends and sideways trends combined with stages allows me to position myself correctly much more often, and combined with the information on nesting time frames is very valuable.There is much more that I haven't even mentioned, advice on best attitudes toward trading, best mindset, understanding market internals, etc. But what seems most important to me, at least at this point in my development as a trader, is the clear belief Velez and Capra hold that it is possible to become one of the small percentage of traders who are successful, and they want this to happen. Far too many books on trading convey a different message, one that tells the reader in a vague way how the author might approach the market but never a plan to become truly successful at trading.

I would list this book as a good book to add to ones library for continued information and educational growth. The negative comments I have read sounds like Fundamental traders. This is a pet-peeve of mind because at my beginnings some 5 trading years ago I became confused after reading books from the Fundamental trader vs. the Technical trading concepts. My trading career did not begin from seminars but instead from the book store and on line.As usual the Fundamental Traders appear to be jealous because Technical Traders can make decisions without believing the predictions beyond a grain of salt. Yes, I will watch and listen to the Fundamental investment news shows but I check it against my Technical Analysis and my personal stock research process; something you Fundamentals cannot do apart from financial reports.Jim Crammer stated that Bear Sterns was healthy, stable, bla bla bla. The charts were stating other wise. Technical traders got out; Fundamental traders cried tears all the way from the bank. Why? Crammer told you that Bear Stern fundamentals were sound. Jim Crammer lied and the charts, data, and trends did not.I have purchased a cross section of books (4ea) written by Fundamental traders to hear the other side of the line. It is amazing how the Fundamental Traders spend almost 1/2 of a book bashing technical trading. Fundamental trading is dying everyday. Technical trading has exploded as a direct relationship of the speed and proficiency of the Information Technology age, the processing power of the PC, and the Internet. In my opinion, it is foolish and ill advisable for any investor to be still using the system of Fundamental trading. Information and decision making is to fast, precise, and in a constant state of change. Fundamental trading relies on long gradual stable growth in the market. That is no longer possible because of global competition, global government and economic instability; and the overwhelming amount of untruthfulness and financial book-cooking in the world today.

I’ve got maybe a couple dozen different books on trading, technical analysis and fundamental analysis. I’ve got half dozen of those dealing with some form of day trading or another. Nevertheless, I find this book so easy to read and grasp its various “seeds of window”, I have “archived” those other books in total favor of this work!Never before have I been able to just get right into a book without having to put it down after a couple pages because the subject material was too dry to consume at length. That’s definitely NOT the case with “Tools And Tactics For The Day Trader”! For once I’m in a truly superb work that keeps reading! I’m a big fan already!Recommended action: Get this book if you’re truly serious about day trading for success! You won’t regret it! I don’t!

This book has opened my eyes for the proper way to not only trade but to live life. Many wisdoms many powerful nuggets of information. It taught me that proper trading starts with me and it ends with me. This book is a complete guide to properly trade the markets and how to properly look at the world of financial markets from a technical point of view and also a deep insider look at the human demons of fear and greed. OLIVER VELEZ has out done him self again and again. Thank you will definitely read again at least once a year as I become ready to revive more information to be gleamed from The wisdom in this book