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This tutorial was originally titled Micro Trading for a Living and was recorded at the New York Online Trading Expo
Oliver L. Velez
Founder of Pristine.com, and Author of the best selling book, Tools and Tactics for the Master Day Trader
Copyright 2000, Pristine Capital Holdings, Inc.
Basic Intro
Introduction
Basic Introduction
Types of Trading
Four Trading Styles: Core, Swing, Guerilla, Micro
Wealth Building
Core Trading
Covers a holding period of weeks to months. This style of trading is the new form of investing. The Core Trader typically uses weekly charts, and attempts to capture the entire weekly trend. Core Trading is best used on key stock indices (DIA, SPY, QQQ, HHH, etc.).
Wealth Building
Swing Trading
Covers a holding period of 2 to 5 trading days. This style of trading capitalizes on a very overlooked market niche. The Swing Trader typically uses daily charts and attempts to buy the dips and side step the declines. Swing Trading can be used on anything that moves.
Income Producing
Guerilla Trading
Covers a holding period of 1 to 2 trading days. This style of hit and run trading capitalizes on reliable overnight trading patterns. The Guerilla Trader typically uses daily and hourly charts and buys/sells late day strength/weakness. Guerilla Trading can be used on all vehicles.
Income Producing
Micro Trading
Covers a holding period of seconds to hours. This style of active trading goes after small but frequent bite-sized gains. The Micro Trader typically uses 5- & 15-minute charts and buys/sells dips/rallies, BO/BD. Micro Trading can be used on all active stocks.
Charting Tools
5-Minute Chart
15-Minute Chart
Reversal Times
2 1
Our initial protective stop (1) is tight as it is, but the astute Pristine Day Trader knows how and when to quickly raise it to make it even tighter (2).
C h a r t C o u r t e s y o f w w w . E x e c u t i o n e r .c om
P r i s t i n e C a p i t a l H o l d i n g s, I n c . 7 - 1 1 S o u t h B r o a d w a y , S u i t e 2 1 0 , W h i t e P l a i n s , N Y 1 0 6 0 1 T e l : ( 9 1 4 ) 6 8 2 -7 6 1 3 F a x : ( 9 1 4 ) 6 8 2-7 6 4 0 W e b : w w w . p r i s t i n e . c o m E - mail: e d i t o r s @ p r i s t i n e . c o m
Stop
Pristine Capital Holdings, Inc. 7-11 South Broadway, Suite 210, White Plains, NY 10601 T e l : ( 9 1 4 ) 6 8 2 - 7 6 1 3 F a x : ( 9 1 4 ) 6 8 2-7 6 4 0 W e b : w w w . p r i s t i n e . c o m E -m a i l : e d i t o r s @ p r i s t i n e . c o m
C h a r t C o u r t e s y o f w w w . E x e c u t i o n e r . c om
Pristine Capital Holdings, Inc. 7-11 South Broadway, Suite 210, White Plains, NY 10601 T e l : ( 9 1 4 ) 6 8 2 - 7 6 1 3 F a x : ( 9 1 4 ) 6 8 2-7 6 4 0 W e b : w w w . p r i s t i n e . c o m E -m a i l : e d i t o r s @ p r i s t i n e . c o m