To: Chris who wrote (28550 ) 8/28/2000 3:34:10 PM From: Robert Graham Respond to By the way, I have read that book by the founders of that Pristine web site. Overall the book was a disappointment. Good beginning when dealing with helping the trader think productively, including some good information here not normally found in other daytrading books. But when it got into the "meat" in terms of setups and trade execution, even though it did have some worthwhile things to say here, it was very lacking in many important areas. More than some books I have read. This included the specifics of the setup. They do not provide enough information to intelligently filter for their setups. And the variety of setups was lacking here too. Also some important market indicators just was given a misleading "textbook" type of coverage. And some important aspects to the market and trading were not covered at all. But I will say to their credit that they did attempt to handle exits besides the entry of the trade, including an idea on how to handle those catastrophic turnarounds against a position. So as far as a book for all markets, it scores very poorly here. And a book to help make "master" traders, I would say it fails here too because of the lack of information. Even though there is some worthwhile information here for the aspiring trader, IMO this book just ended up being a lead in to one of their day trading camps. Or if evaluated by itself, an incomplete "work in progress". I am finding the book created by that "underground" trading club I think that is out of Orange County fills in some of the essential missing pieces here that the Pristine simply does not cover, including some market and trading specifics that I have not found in other books. And their setups as a group are more sound in relation to the underlying market structure, and as a consequence, will be found in the market much more frequently.
