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Transcript of Pristine - Micro Trading for a Living Micro Trading for a Living
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Micro Trading for a Living Micro Trading for a Living
WithWith
Oliver L. Velez Oliver L. Velez
Founder of Pristine.com, and Author of the best selling book,Founder of Pristine.com, and Author of the best selling book,
Tools and Tactics for the Master Day Trader Tools and Tactics for the Master Day Trader
Copyright 2002, Pristine Capital Holdings, Inc.Copyright 2002, Pristine Capital Holdings, Inc.
Pristine.com Presents
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Introduction
Basic Intro
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Types of Trading
•Four Trading Styles: Core, Swing, Guerilla, Micro
•Two Trading Categories: Wealth & Income
Basic Introduction
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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, andattempts to capture the entire weekly trend.
•Core Trading is best used on key stock indices (DIA,
SPY, QQQ, HHH, etc.).
The Four Trading Styles
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Core Trading Chart
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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.
The Four Trading Styles
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Swing Trading Chart
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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.
The Four Trading Styles
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Guerilla Trading Chart
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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.
The Four Trading Styles
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Micro Trading Charts
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Tools of the Micro Trade
•Charting Tools: 15 & 5-min charts, 20 and 200
simple period moving averages
• Market Timing Tools: Nasdaq & S&P Futures,
NYSE and Nasdaq TICKs, NYSE & Nasdaq TRINs
Micro Trading Tools
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Micro Micro
Charting ToolsCharting Tools
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Pristine Capital Holdings, Inc.
5-Minute Chart
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15-Minute Chart
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Pristine Capital Holdings, Inc.
The Power of the 20 & 200 MAsThe Power of the 20 & 200 MAs
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Micro
Market Timing Tools
Market Timing Tools
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S&P and Nasdaq Futures Charts
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NYSE & Nasdaq TICK
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NYSE & Nasdaq TRIN
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The 3 Micro Trading
Phases of the Day
1) Phase 1 - 9:30 to 11:15 (Trade BO/ Reversals)
2) Phase 2 - 11:15 to 2:15 (Mid-day Doldrums)3) Phase 3 - 2:15 to 4:00 (Trade B/O Reversals)
3 Micro Trading Phases
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The 3 Phases of the Trading Day
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The 3 Phases of the Trading Day
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The 3 Phases of the Trading Day
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The 9 Micro Trading
Reversal Times
Phase 1 Reversal Times - 9:35 10:00, 10:30, 11:15
Phase 2 Reversal Times – 12 & 1:30
Phase 3 Reversal Times - 2:30, 3:00, 3:30
Reversal Times
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Major Reversal Times
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Major Reversal Times
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Major Reversal Times
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Phase 1 Trading Tactics
1) The 9:30 Breakout/Breakdown Play
2) The 10:00 Reversal Play
3) Pristine’s 30-Minute Rule
4) The 11:00 Topping/Bottoming Play
5) The 200 Moving Average Play
Micro Trading Phase 1
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9:35 BD and a 10:00 Bottom
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9:35 BD, 10:00 Bottom, 11:00 Top
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9:35 BD, 10:00 Bottom, 11:00 Top
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9:35 BD, 10:00 Bottom, 11:00 Top
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9:35 BD, 10:00 Bottom, 11:00 Top
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9:35 BD, 10:00 Bottom, 11:00 Top
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30-Min Buy, 11:00 Top
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30-Min Buy, 11:00 Top
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10:00 Top, 10:30 Reversal
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200 MA Play at 10:30 Reversal
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Phase 2 Trading Tactics
1) The 11:00 – 11:15 Topping/Bottoming Play
2) The Good Lunch Play
3) The 15-minute Trading Dip Play
4) The 1:30 Reversal Play
Micro Trading Phase 2
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11:00 – 11:15 Topping Play
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11:00 – 11:15 Topping Play
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The 1:30 Reversal Play
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The 15-Minute Trading Dip
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1:30 Rev & 15-Minute Dip
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11:00 Top and 1:30 Dip
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Phase 3 Trading Tactics
1) The 3:00 Topping/Bottoming Play
2) 200 Moving Average Play
3) The Late Day Breakout/down Play
Micro Trading Phase 3
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3:00 Topping Play
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3:00 Topping Play at 200 MA
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The Late Day Breakout (LDB)
Pristine Capital Holdings, Inc. 7-11 South Broadway, Suite 210, Whit e Plains, NY 10601Tel: (914) 682-7613 Fax: (914) 682-7640 Web: www.pristine.com E-mail: [email protected]
PEOPLES OFT INC (PSFT )
The Simple Art Of Trading® Part I
Chart Courtesy of www.Execut ioner .com
5- Mi n u t e C h ar t No te th at th e Pristine Day Trader buys
P S F T on the break of the most recentseries of equal highs, not on the breakof the high of the day.
No te ho w P S F T’s breakout occurredon Above Average Volume.
High of the Day
Our initial protective stop (1 ) is tight as it
is, but the astute Pristine Day Trader knows how and when to quickly raise it tomake it even tighter ( 2) .
1
2
Late Day Breakout
Criteria
1) Stock is up on the day
2) Stock is above itsopening price
3) Stocks is trading at or
near the high of the day
4) Stock breaks out late
in the day (anytime after
2:30 EST).
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The Late Day Breakout (LDB)
Pris t ine Capi ta l Ho ld ings , Inc . 7 -11 South Broadway , Su i te 210 , Whi te P la ins , NY 10601Tel: (914) 682-7613 F a x : (914) 682-7640 W e b : www.pr is t ine .com E-mail: ed i tors@pris t ine .com
B I O M E T I N C ( B M E T )
The S imple Ar t Of Trad ing® Par t I
Chart Courtesy of www.Execut ioner .com
5- Mi n u t e C h ar t
T he P r i s t ine D ay T rader buys new
high.
No te th is ne ar pe rf ec t Pr is ti ne B u y setup.
Stop
Late Day Breakout
Criteria
1) Stock is up on the day
2) Stock is above itsopening price
3) Stocks is trading at or
near the high of the day
4) Stock breaks out late
in the day (anytime after
2:30 EST).
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The Late Day Breakout (LDB)
Pris t ine Capi ta l Ho ld ings , Inc . 7 -11 South Broadway , Su i te 210 , Whi te P la ins , NY 10601Tel: (914) 682-7613 F a x : (914) 682-7640 W e b : www.pr is t ine .com E-mail: ed i tors@pris t ine .com
S T A P L E S I N C ( S P L S )
The S imple Ar t Of Trad ing® Par t I
C h ar t C ou r t e sy o f w w w . Exe c u t i on e r. c om
5- Mi n u t e C h ar t Th e L a t e D a y B r e a k o u t ( L D B ) to a new dai lyh igh o f fers the Pr is t ine Day Trader an excel len t
micro-trading opportunity, as well as a strongovernight trading possibility.
Late Day Breakout
Criteria
1) Stock is up on the day
2) Stock is above itsopening price
3) Stocks is trading at or
near the high of the day
4) Stock breaks out late
in the day (anytime after
2:30 EST).
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The Late Day Breakout (LDB)
Late Day Breakout
Criteria
1) Stock is up on the day
2) Stock is above itsopening price
3) Stocks is trading at or
near the high of the day
4) Stock breaks out late
in the day (anytime after
2:30 EST).
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The Late Day Breakout (LDB)
Late Day Breakout
Criteria
1) Stock is up on the day
2) Stock is above itsopening price
3) Stocks is trading at or
near the high of the day
4) Stock breaks out late
in the day (anytime after
2:30 EST).