Strategies for Profiting on Every Trade: Simple Lessons for Mastering the Market


An accessible, reliable course for the trader looking forprofits in the competitive, dynamic world of trading.

Lao-Tzu said “a journey of a thousand miles must beginwith a single-step.” It is our belief that the book you nowhold in your hands can be the single step that launches yourjourney to profitability.—Oliver L. Veles, From thePreface

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Strategies for Profiting on Every Trade: Simple Lessons for Mastering the Market

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An accessible, reliable course for the trader looking forprofits in the competitive, dynamic world of trading.

Lao-Tzu said “a journey of a thousand miles must beginwith a single-step.” It is our belief that the book you nowhold in your hands can be the single step that launches yourjourney to profitability.—Oliver L. Veles, From thePreface

Inside you will unlock the power of:

  • Identifying trends and how to exploit them
  • Planning your trade to be ready for market movement in ANYdirection
  • Moving averages, support and resistance, and many other pillarsof successful trades
  • Building your own trading strategy to be a nimble, confident,master trader

This focused and effective trading resource features seven keylessons to further a trader’s education; including marketbasics, managing trades, psychology in trading and planning,technical, utilizing charts, income versus wealth buildingproducing trades, and classic patterns. As Paul Lange said,“Many of these lessons have been taught to students worldwideover a span of 4 years. These lessons contain powerful informationthat goes far beyond the basics you may find in many introductorytrading books.”

Each section of the book offers clear examples, concise anduseful definitions of important terms, over 90 different chartsused to illustrate the challenges and opportunities of the market;and how you can take advantage of patterns. Written in the parlanceof the day trader’s world, you’ll enjoy the experienceof being taught trading skills by the best of the best.

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Product Details

  • ISBN-13: 9781592802593
  • Publisher: Wiley
  • Publication date: 1/16/2007
  • Series: Wiley Trading Series, #51
  • Edition number: 1
  • Pages: 236
  • Product dimensions: 6.10 (w) x 9.10 (h) x 0.70 (d)

Meet the Author

Oliver L. Velez, co-founder of Pristine Capital Holdings,Inc., parent company of, served as its chairman andCEO for 12 years. Over 19 years ago, Mr. Velez took the tradingindustry by storm when he introduced a unique and dynamic style ofmarket play to the equity markets, dubbing it “SwingTrading.” Today, thanks to Mr. Velez’s internationalspeaking tours and his award-winning trading methods, this tradingapproach has become one of the world’s most popular forms oftrading.With more than 60,000 clients that span over 40 countries,Pristine Capital Holdings, Inc. has become the premier educationalresource for investors, active self-directed traders, andinstitutions. Mr. Velez is the author of Swing Trading with OliverL. Velez published by Marketplace Books, the co-author of the bestselling book, Tools and Tactics for the Master Day Trader,published by McGraw-Hill, and the author of the Oliver L. Velez DVDSeminar Series, the trading industry’s all-time best sellingDVD series.

Paul Lange is a Senior Pristine Certified Trainer,Certified Pristine Mentor, Head Moderator of the Pristine MethodTrading Room, member of the Pristine Research Team, and a TraderCoach.

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Table of Contents

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

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