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How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition
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List Price: $14.95
Our Price: $10.17
Your Save: $ 4.78 ( 32% )
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Manufacturer: McGraw-Hill
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Average Customer Rating:  
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Binding: Paperback
Dewey Decimal Number: 332.6322
EAN: 9780071373616
ISBN: 0071373616
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Number Of Items: 1
Number Of Pages: 288
Publication Date: 2002-05-23
Publisher: McGraw-Hill
Studio: McGraw-Hill
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Editorial Reviews:
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THE BUSINESSWEEK, USA TODAY, AND WALL STREET JOURNAL BUSINESS BESTSELLER! The bestselling guide to buying stocks, from the founder of Investor's Business Dailynow completely revised and updated When it was first published, How to Make Money in Stocks hit the investing world like a jolt, providing readers with the first in-depth explanation of William J. O'Neil's innovative CAN SLIM investing method. Five years later, O'Neil, founder for the industry icon Investor's Business Daily, revised his classic text and provided readers with a newer glimpse on how the average investor can make money in the equities market. This third edition of How to Make Money in Stocks has been revised and updated with new chapters designed to help investors increase their performance. New discussions include: - Greater clarification of the key CAN SLIM investment strategy
- Expanded analysis of the general market from the top of year 2000 to the market bottom of 2001
- New models of the greatest stock market winners that provide more basis for the ongoing effectiveness and superior performance of the CAN SLIM strategy
- Fresh stock charts featured in two colors for easier analysis of trends
- And an invaluable guide on how to maximize both Investor's Business Daily and www.investors.com to find winning stocks
Like his international bestselling 24 Essential Lessons for Investment Success, which stayed on international business bestseller lists for close to 6 months in 2000, How to Make Money in Stocks is the best reference for the individual investor in how to stay afloat and ahead in the rocky and volatile equities markets of the 21st century.
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Spotlight customer reviews:
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Customer Rating:
Summary: Classic
Comment: A must have investment book but this method requires a lot of close monitoring of the market which most of us can't do as non-professional investors.
Customer Rating:
Summary: What this book is about
Comment: Some reviews think this book is about
* using technical analysis to buy and sell stocks in general, it is not, it is about buying the best of breed (in the very best industry groups) when the time is right and only this point is determined by looking at the chart, once this is passed in strong volume, chances are good that prices will move higher. (VOLUME is one of the classic indicators, see Livermore, Darvas etc)
* it is pushing IBD too hard, I agree on that, and I would give it 4.5 points if it were possible because of that, but IBD and esp. dailygraphs.com is simply saving you hours every day.
* think there are still too many good stocks around even in IBD and they don't say buy or sell this stock now. I remember having read Livermore's thoughts via the "make an easy buck in the stock market" crowd, "how easy is it to make a quick buck with brain surgery?" It takes a lot of work everyday to check the potential stocks.
* not all chart patterns are 100% up to the rules, this is correct but one would also check the daily charts and this might explain a bit.
Overall the book contains top advice based on old truths.
Another book that has lots of charts and explains the stages/cycles of stocks is Weinsteins "Secret for profiting..." Weinstein has good suggestions for longterm stop movement, while Weinstein is not interested in the quality of the company, it is worthwhile to read it because of the stock stages.(as mentioned in O`Neils book on when to sell, the quality of the stock -e.g. stellar growth outlook- is not important only price/volume action - a hint for DISTRIBUTION, in the stock market the future is now)
Customer Rating:
Summary: One of the best book in stocks!
Comment: Pros:
* I know nothing about the stock market until I read this book.
* Very well explain on how to tackle the market during good times or bad.
* Even you know nothing about stock, you can have better understanding on this industry once you have read this book.
Cons:
* This book is good for gaining more knowledge but does not provide any plan or action that we need to take in order to succeed in this business. Overall, it is still ok.
Customer Rating:
Summary: A Goldmine of Stock Investing Ideas!
Comment: William O'Neil, who started a successful financial paper known as Investors Business Daily, wrote How to Make Money in Stocks. Decade of research, critical thinking and common sense has helped O'Neil to create some very powerful ways of investing successfully.
This book isn't about getting rich quick. It takes time, study diligence and patience coupled with controlling ones emotions to become an excellent investor.
I have read many books, magazines and articles on investing in stocks, bonds, mutual funds and more over the years. O'Neil's ideas are some of the most solid and consistent I have found to apply to the stock market.
In the book he teaches his CAN SLIM method of investing. Looking at these indicators are powerful ways to find the right stocks. CAN SLIM stands for:
C = Current Quarterly Earnings per share: The Higher the Better
A = Annual Earnings Increases: Look for Growth
N = New Products, New Management, New Highs
S = Supply and Demand
L = Leader or Laggard
I = Institutional Sponsorship
M = Market Direction
There are other great ideas in the book such as: Nineteen Common Mistakes Most Investors Make, How to Cut Your Losses, When to Sell and Take Your Profit and much more. How to Make Money in Stocks is a gold mine of ideas!
The Re-Discovery of Common Sense: A Guide to: The Lost Art of Critical Thinking
Customer Rating:
Summary: Useful And Valuable Information.
Comment: I haven't traded one share of stock in the Market...yet. With that having been said, I figured, if you're going to get advice about how to be successful in the Market, you may as well go to someone who knows. William J. O'Neil has been trading since the early 1960's. He bought a seat on the Exchange in 1963. William J. is also the founder of Investor's Business Daily (IBD). If you are interested in the Market and you haven't read an IBD, I would suggest that you at least try it. Information is the key to making sound decisions.
As a whole, the book is basically an advertisment for IBD. But don't let that get in the way of the information, guidance, logic, and strategies that are offered within the book. Before reading this book, I didn't have a clue about trading stocks. Now, I'm confident that I can pick a potential winner, take a position at the right time under he right conditions, take profits at the right time and, if necessary, bail out with minimum losses.
I definately recommend this book.
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