A Japanese proverb says, “If you wish to know the road, inquire of those who have traveled it.” The authors of Tools and Tactics for the Master Trader clearly know the road. Their unique insights, trading tactics and powerful tools, so enjoyably presented, make this a book that belongs on every trader’s shelf. Steve Nison, CMT - Author of Japanese Candlestick Charting Techniques Click here to order today Read A Sample Chapter From The Book  -  See What Customers Are Saying

Tools & Tactics for the Master Day Trader is designed to help active self-directed traders gain the knowledge and acquire the tools necessary to approach the markets with intelligence and a well thought out trading plan. This no-nonsense, easy read is meant to be referenced by traders every trading day and covers everything from battle-tested 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 with the technical skills, market knowledge, and confidence needed to increase the odds of achieving more winning trades and capturing profits.

PART ONE:
SEEDS OF WISDOM FOR THE MASTER TRADER

Preparing the Trader’s Mind for Greatness

1) INITIATION OF THE MASTER TRADER:
Understanding The Master Trader’s World

Do You Understand How High The Cost Is?
The Master Trader Requires Only a Few Tools
Seeking Success In that Place Called the Here and Now
Why The Master Trader Trades With Charts
Charts Don’t Lie
Tracking the Footprints of Money
Give Me the Technicals, or Give me Death,
Don’t Show Up to a Gunfight with Just a Dull Knife
Seek Knowledge First, Profits Second
Short-term Time Frame: The Master Key to Higher Trading Accuracy
Why the Short-term Time Frame is the Safest Time Frame
My Three Greatest Discoveries
Love: The Trader’s Greatest Power
Traders & Fortune Tellers

2) DEVELOPING THE MASTER TRADER’S MIND:
Keys to Correct Trading Behavior

Are You Gambling or Trading?
A Win is Not Always A Win and A Loss Is Not Always A Loss
The Masses Can’t Win For Long
The Bandwagon Theory: A Glimpse at How the Market Really Works
Money Isn’t Everything
The Danger In Asking "Why"
When Accuracy Becomes Problem
The Entry is 85% of the Trade
Your Perception Will Become Your Reality
Facts Will Not Make You Money
The Truth Doesn’t Count on Wall Street
You Must Become Inhuman to Trade Successfully
Opportunity Lies Where the Majority is Afraid to Go
Not a Cloud in the Sky? Watch Out!
The True Measure of a Successful Trader
When No Action is the Best Action
Standing Still: The Highest Action of All
A Lesson in the Art of Standing Still
"Hey Man, Don’t Teach Me How to Think; Teach Me How to Trade!"
What Are You Doing With What You Have Today?
Is the Past in Your Way?
Breaking the Cycle of Pain and Pleasure
Sound Techniques Lead to Sound Instincts
A Little Paranoia is Good for the Soul
We Trade People, Not Stocks
A Positive Mental Attitude Makes a Difference
Trading With Attitude
Daily Food for Thought

3) LOSS: The Prerequisite to Trading Power & Success

The Power of Adversity
Make Your Losses Work For You
Small Losses: The Hallmark of a Master Trader
How the Market Speaks to Us
How To Lose Your Way To Success
Starting Each Day Anew
Learn How To Accept What Can’t Be Changed
Losing Can Be Winning
You Must Learn to Despise Big Losses
The Two Lives of a Master Trader
Growth is a Flower that Blooms with Time
When Losing Become Unbearable
Get The Most From Your Tuition
Help Me - I’m Losing

4) EDUCATION OF THE MASTER TRADER:
How to Save Yourself From Years of Lost Time and Money

Find A Winner To First Emulate; Then Surpass Him
The Character Of Your Teacher Matters
Don’t Be Cheap With Your Future
Today, Those Who Can, Do and Teach

5) THE 7 DEADLY SINS OF TRADING:
How to Combat Them and Defeat Them

Deadly Sin # 1: Failing to Cut Losses Short
Deadly Sin # 2: Dollar-Counting
Deadly Sin # 3: Switching Time Frames
Deadly Sin # 4: Needing to Know More
Deadly Sin # 5: Becoming Too Complacent
Deadly Sin # 6: Winning The Wrong Way
Deadly Sin # 7: Rationalizing
How to Find and Kill Your Deadliest Demon

6) PRISTINE’S 12 TRADING LAWS OF SUCCESS:
Rules The Master Trader Lives By

1st Law: Know Thy Self
2nd Law: Know Thy Enemy
3rd Law: Get Thee Some Education, Fast
4th Law: Protect Thy Most Valuable Commodity
5th Law: Keep It Simple
6th Law: Learn From Thy Losses
7th Law: Keep Thee a Trading Journal
8th Law: Don’t Make Low Priced Stocks Thy Main Focus
9th Law: Don’t Diversify
10th Law: Realize that No Action is At Times the Best Action
11th Law: Know When to Bow out Gracefully
12th Law: Don’t Ever Make Excuses - They Never Made Anyone a Dime

7) SECRETS OF THE MASTER TRADER:
15 Things Every Trader Should Know, But Doesn’t

Secret # 1: There Are No Gifts On Wall Street
Secret # 2: Someone is on the Other Side of Your Trade, & It’s Not Your Friend
Secret # 3: Professionals Sell Hope; Novices Buy Hope
Secret # 4: Home Runs Are For Losers
Secret # 5: Make the Chart and the Crowd Will Follow
Secret # 6: All Major Stock Market Averages Lie
Secret # 7: Buying After the Open is Usually Better
Secret # 8: It Usually Doesn’t Pay to Take Profits Before the Open
Secret # 9: 11:15 to 2:15 EST is the Worst Possible Time To Trade
Secret # 10: It’s Always Darkest Before The Dawn
Secret # 11: Wall Street Gurus Will Always Be Wrong
Secret # 12: Playing Earnings Is a Game For Novices
Secret # 13: Paying Up For Stocks Betters The Odds
Secret # 14: The Buy Low Sell High Method is Wrong For Day Traders
Secret # 15: Knowing What’s Next Can make You Rich

8) 10 LESSONS FOR THE MASTER TRADER

Lesson # 1: Cash Is King When the Street Gets Bloody
Lesson # 2: Time Diversification Minimizes Market Risk
Lesson # 3: Buying Versus Accumulating
Lesson # 4: The Ultimate Decision Making Tool
Lesson # 5: Selling the Dogs and Buying the Dolls
Lesson # 6: Brains or a Bull Market?
Lesson # 7: Rating Newsletters And Other Advisors
Lesson # 8: Time Equals Money
Lesson # 9: Winners Make It Happen; Losers Let It Happen
Lesson #10: Using The Power of Promises

9) FINAL WORDS OF WISDOM FROM A TRUE MASTER

Eight Elementary Lessons for Life & Trading -- By Mother

PART TWO:
TOOLS & TACTICS FOR THE MASTER TRADER

1) MARKET TIMING TOOLS & TACTICS

Market Tool #1: S&P Futures (S&P)
Market Tool #2: NYSE TICK Indicator ($TICK)
Market Tool #3: NYSE Trader’s Index (TRIN)
Market Tool #4: New Lows (NLs)
Market Tool #5: Pristine’s Might 5 Index
A Stock Market Quiz
A Final Word on the Market

2) CHARTING TOOLS & TACTICS

Introduction to Charting A Charting Primer
Candles Will Light The Way
Determining When The Bulls Are In Control
Determining When The Bears Are In Control
When The Bulls And Bears Tie
Charting Tool #1: Narrow Range Bar (NRB)
Charting Tool #2: Reversal Bars (RB)
Charting Tool #3: Tails
Charting Tool #4: Gaps
Charting Tool #5: Support & Resistance
Charting Tool #6: Retracements
Charting Tool #7: Reversal Times
Charting Tool #8: Climatic Volume
Charting Tool #9: Moving Averages
Charting Tool #10: 3 to 5 Bar Drop

3) EXECUTION TOOLS & TACTICS

Execution Tool #1: ECN’s
Execution Tool #2: SOES
Execution Tool #3: SelectNet (SNET)
Execution Tool #4: Archipelago (ARCA)
Execution Tool #5: SuperDOT
Execution Tool #6: On-Line Broker

4) NASDAQ LEVEL II TOOLS & TACTICS

5) PRISTINE ENTRY TOOLS & TACTICS:
A step-by-step guide to entering stocks like a pro

A Proper Entry is 85% of a Winning Trade
Entry Technique #1: Pristine Key Buy
Entry Technique #2: Pristine 30-Minute Buy
Entry Technique #3: Pristine Late-Day Breakout

6) TRADE MANAGEMENT TOOLS & TACTICS:
A step-by-step guide to managing your trades like a pro

Tool #1: The Initial Stop - Your Pristine Insurance Policy
Tool #2: The Break Even Stop - Playing with the Market’s Money
The $1 Rule - Once a Winner, Always a Winner
Tool #3: Pristine’s Trailing Stop Method - Your Stairway to Profits
Tool #4: Pristine’s Time Stop Method - Time is Money

7) EXIT TOOLS & TACTICS:
A step-by-step guide to exiting your trades like a pro

The Incremental Sale
A Personal Note
Maximizing Your Gain
Riding the Winning Wave in 3 Easy Steps
Knowing the Sellable Events
When Disaster Strikes
How to Handle the Monster Gap Down
Steps to Take When Disaster Strikes
Signs of Impending Danger

8) HOW TO PUT IT ALL TOGETHER

How To Put It All Together Using Daily Charts
How To Put It All Together Using Multiple Time Frames
Three Pristine Exams for the Master Trader

9) PRISTINE ESP:
The future of Electronic Trading Software

A Next Generation Trading Tool
Automated Trade Identification and Alerting
Automated Stock Scanning and Screening
How It Works

10) A PRISTINE CONCLUSION

You Are A Leader
Time Well Spent
You "Will" Succeed
The Rest is Up to You