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

Oliver L Velez (Author)

Book Description

Publication Date: January 26, 2007

An accessible, reliable course for the trader looking for profits in the competitive, dynamic world of trading. Each section of the book offers clear examples, concise and useful definitions of important terms, over 90 charts used to illustrate the challenges and opportunities of the market; and how you can take advantage of patterns. Written in the parlance of the day trader s world, you ll enjoy the experience of being taught trading skills by the best of the best. This focused and effective trading resource features seven key lessons to further a trader s education including market basics, managing trades, psychology in trading and planning, technicals, utilizing charts, income versus wealth building producing trades, and classic patterns. It truly is as Paul Lange says, Many of these lessons have been taught to students worldwide over a span of 4 years. These lessons contain powerful information that goes far beyond the basics you may find in many introductory trading books.

Product Details

• Hardcover: 240 pages
• Publisher: Marketplace Books (January 26, 2007)
• Language: English
• ISBN-10: 1592802591
• ISBN-13: 978-1592802593
• Product Dimensions: 9.3 x 6.2 x 1 inches
• Shipping Weight: 15.2 ounces (View shipping rates and policies)
• Average Customer Review: 3.8 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #375,162 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

30 of 32 people found the following review helpful:

3.0 out of 5 stars A disappointment, June 9, 2007

By 

Trader by the Sea (Ocean City, NJ) - See all my reviews

This review is from: Strategies for Profiting on Every Trade: Simple Lessons for Mastering the Market (Hardcover)

Although there are many insightful and terrific lessons to be learned here if you are a Pristine Trained Trader you will recognize the book to be a compilation of Paul Lange's weekly trading lessons. A free weekly service from Pristine. I suspect Mr. Velez' name was added for name recognition and, thus more sales. It is Mr. Lange's book, however, make no mistake. That said Paul Lange is one of the most astute traders and best educators around. I had the pleasure of working with Mr. Lange and was constantly amazed at his trading prowess and his ability to convey the information. It's simply this book offered nothing new.

27 of 30 people found the following review helpful:

2.0 out of 5 stars Very poorly written, but some useful info, April 27, 2007

By 

A. Fisher - See all my reviews
(REAL NAME)   

This review is from: Strategies for Profiting on Every Trade: Simple Lessons for Mastering the Market (Hardcover)

This is close to the poorest written book I've read. However there is useful info in it if you can decipher Velez's lingo. Basically Lange, the "co-author" typed what Velez recorded in his classes at Pristine. After I started crossing out hype and BS, I found the book much clearer.
Also I agree with other reviewers comments that the book is an advertisement for Pristine. You can get some details on how Pristies are taught to trade, but don't think like I did that Velez covers much of it.
The hardest part in finding useful info is that it appears Velez is so "elite" that he has to use his own slang in lieu of standard trading terminolgy (Ex: a play ILO a trade, topping tails ILO shooting stars on candle charts.) Velez names trade set-ups as though he discovered them. If he knew candlesticks he would realize many of his ideas are not his discovery. So why name them? Maybe because Velez seems to have a "special" word for almost every normal trading term. That's not teaching, nor conveying information which is what books like this should be written for, that's probably just to intimidate clients, make them feel like he is the master.
I don't know that I would recommend buying it as I own it and am not sure I will ever reread it to jot down the useful parts.

19 of 21 people found the following review helpful:

1.0 out of 5 stars Very disappointing unless you are a beginner, December 1, 2007

By 

GBAY Trader "GBAY Trader" (Granite Bay, CA) - See all my reviews

Amazon Verified Purchase

This review is from: Strategies for Profiting on Every Trade: Simple Lessons for Mastering the Market (Hardcover)

Purchased this book based on the introduction and the comments by a third party. I was intrigued by the title, but disappointed in the content. One very agravating thing is that most of the time the book is describing charts that are on the other side of the page. I should have figured this out by the words "Simple" and "Mastering" being used in the subtitle. 90% of this book is devoted to day trading. So if your strategies have you holding overnight this book may be a waste of time. I respect Mr. Velez's record and feel this book doesn't do his accomplishments justice.