The How to Make Money in Stocks Complete Investing System: Your Ultimate Guide to Winning in Good Times and Bad Product Bundle – Audiobook, August 31, 2010

HOW TO MAKE MONEY IN STOCKS by William J. O'NeilThis GOLDMINE SHOULD BE REQUIRED READING IN HIGHSCHOOL/COLLEGE FINANCE COURSES!I've wasted a great amount of time, money, patience, willpower, motivation before I WISELY took the time to read this book, last year. [I only wish I had of discovered this before I found all the other books I've spent too much money for. Some are over $100 and are worth 1/10 what this $29.95 is worth. If studied, this book is worth untold wealth]In 07 I quit driving to give TRADING EDUCATION A TRY FOR 6 months full time, after having lost 80% in the 2000 bear due to two unwise advisors who disagreed with my perception to get out. After nearly 4 years I'm still going, although working part-time in summers.Since 07, I've spent appx $20k on education? and got a smashed egg kind of an education.Like splat from 20 stories. I understand nearly every basic thing, except how, when, where, which, who, whys of stock selection, THE FOUNDATIONS of ALL SUCCESSFUL TRADING.In total, I'm around 6-7,000 hours into this and "was" feeling discouraged, frustrated, deceived, cheated, ripped off, and several other colorful adjectives and adverbs.Appx 2.5 years ago, while browsing the internet, I stumbled onto something about IBD and attempted to get some free info. Within a short few days or hours, some sharp young man at IBD called and I subscribed to the paper, (same one I had purchased 20-30 times while driving over the road. I knew it seemed 10x more potent than WSJ from 3-4 years subscribing to WSJ in the 80s. But I didn't have any idea what I could have done with it till I finally read "How to Make Money in Stocks". WOW Everything that I ever wanted to know that hadn't already been answered is in there.EPS + SALES + ROE + RS[to S&P500], = The STAR FUNDAMENTALS + the STAR TECHNICALS WISELY BLENDED TOGETHER, like they should have always been (an are by the most successful investors) Cup W/Handles, Consolidations, Ideal behaviors, and at least a dozen other "GRANDFATHERLY + MASTERFUL" insights are shared. If you understand anything about the stock market, this book will get you saying "FINALLY, SOMEONE SAID IT IN A WAY I CAN UNDERATAND IT". +MASTERFULLY CRAFTED IBD 50 CHARTS, SORTED LISTS IN SECTORS, BIG MOVERS, NEWS MOVERS, ETC.+ THIS IS THE ONLY BOOK THAT LAYS IT OUT CLEARLY, EFFECTIVELY, COMPLETELY, WITHOUT HOLDING OUT CRITICAL ELEMENTS!Mr. O'Neil's "C A N S L I M" system, like he repeats often isn't just his, it's what he found that GREAT STOCKS "ALWAYS" DEMONSTRATE, HE IS ONLY THE "GENIUS" THAT TOOK THE TIME AND TROUBLE TO DISCOVER IT!The book is loaded with 100+ MODEL STOCK CHARTS(with important notes), and he explains very adequately, that you don't need any more DISTRACTIONS to trading, it's already challenging enough on it's own.85-99% of traders loose their profits during challenging times. After deeper reading in the later chapters everyone should discover some of the evidence as to why this is so.Futhermore, you should also find several reasons to manage your own money and not trust some money manager with all of it, maybe some, but never all, they're motivations can never be the same as yours! Few, very few have the constitution or self-discipline to keep your interests in their "fiduciary responsibility" scopes.To sum up; If you CHOOSE TO WASTE YOUR TIME, LIKE I DID, GOOD LUCK ON MAKING IT THROUGH THE MAZES OF DISTRACTIONS, RIP-OFFS, POOR TEACHERS, ON THE WRONG TRACK TEACHERS ETC.IF YOU DON'T START WITH THIS BOOK, THERE'S PROBABLY ONLY A 50% OR LESS CHANCE YOU'LL EVERY LEARN ENOUGH TO BECOME SUCCESSFUL AT MANAGING YOUR OWN MONEY. You have to have the patience to spend 500-1000 hours studying this until you're no longer curious about how to verify what you see on the charts(Stocks and Indexes). Mr. O'Neil will help you realize how to track the markets and the best stocks, he's done it for decades now.DO NOT PASS UP THIS BOOK, IT'S THE ONLY FOUNDATIONAL WORK OF IT'S KIND + it's SIGNIFICANTLY LESS EXPENSIVE than the ALTERNATIVES + THIS IS THE MODEL all other seek to copy!!! By the time you wade through all the other crap, you may not have to patience, time, resources, willingness or motivations needed to try again! THIS BOOK WILL SAVE YOU COUNTLESS HOURS OF FRUSTRATION, and you can have it mastered in as little as 3-500 hours of study, and you'll understand charts as well as many successful traders. Then consider all the other superlative educational tools at IBD. [...] IBD-50 lists published every Friday after the close is a gift to people wanting to learn to trade successfully! Pass it by at your on peril! The majority of the most successful institutions watch it carefully! As you'll discover after tracking it for a while.nlpken

Great book

If you're serious about learning a winning system of investing, then I recommend this book to you. Be warned though, if you do not have at least a rudimentary understanding of financial fundamentals or a background in economics, much of this book will be difficult to understand on first read. I have had to reread many passages as it is also very very dense with information. Not for the feint of heart or the true beginner but a great and proven system nonetheless. Be prepared to devote some time to reading this and studying its principles.

I have read over 150 books on stock trading and investing. I have reviewed them all here on Amazon. With this book I will now have read "How to make money in stocks" three times, reading the 2nd, 3rd, and now 4th edition. I have to say after reading this book at different stages in my trading journey, and having used its principles in real investing and trading I truly believe this is the #1 stock trading/investing book out there. I myself have used the principles of this book to average over a 20% return in my 401K from 2003 to 2007 and then like some of the smart readers of O'Neil's newspaper went to cash in January 2008 completely sidestepping the financial meltdown thanks to his principles. Author William O'Neil is the modern day predecessor of the greatest trading legends, Jesse Livermore, Nicolas Darvas, Gerald Loeb, and Bernard Baruch. From the investing results of his proteges Gil Morales and Chis Kacher with their accumulative 18,000% return during the boom years that they document in "Trade like an O'Neil Disciple" he is likely the greatest living pure stock trader in the world. William O'Neil also runs O'Neil and Company and advises some of the world's top money mangers. O'Neil is also publisher of the Investor's Business Daily newspaper which he subsidizes because it is not profitable. (I think he publishes it for himself, all of his other businesses are profitable.)At the beginning of the book you will see the price charts of the greatest winning stocks of the past 100 years. They are marked with notes to show you what proper bases look like and what a stock looks like coming out of a cup with handle formation. You will see the difference between a strong chart and a weak chart. It is very interesting to see what a climax top looks like right when a stock runs out of buyers and then investors sell in a panic. How the 50 day moving average relates to a chart along with the general market is also very educational.The book lays out both excellent fundamental reasons for buying growth stocks using the CAN-SLIM method along with the rules on when to buy them. It also advises to cut all losses to no more than a maximum of 7% to 8%, and to prepare to take profits when you are up 20% to 25% in a winner. The key is to cut the loser when it starts failing to make new highs out of a chart cup with handle formation, and also let a winner run and do not sell it unless it pulls back sharply or it runs to high to fast and fails to hold the new highs with a climax top formation.The CAN SLIM method is based on a stock having these fundamental criteria:C-Current quarterly earnings per share should be up a major percentage-25% to 50% minimum-over the same quarter the previous year.A-Annual earnings growth rates of 25% to 50%.N-New products,new services or new management along with new price highs.S- Supply and demand:big volume demand for the stock at key points.L- Buy only the leading stock in the top industry groups.I-Only buy stocks with some institutional sponsorship.M-Only buy into an up trending market.The book covers each of these areas in great detail. This deluxe edition of the book also has a free month of eIBD, an action plan DVD, and admission to a three hour IBD investing workshop. You will understand the CAN SLIM system after reading this book. This system was built after studying the greatest winning stocks of the past 100 years both their fundamentals and technicals. This book is a wealth of information. It is not based on anyone's ego, beliefs, or predictions. William O'Neil has turned making money in stocks into a science. AAII's independent study showed the CAN SLIM method was #1 of many systems tested from 1998 to 2009 with an average 35.3% annual and cumulative 2,763% return.The only thing I disagree with in this book is O'Neil suggesting buying and holding stock mutual funds for 15 or 20 year time horizons because unlike stocks they do come back and history has shown 10 year holding periods are almost always a win. Studies have shown you can double your returns in a stock index by simply selling when it crosses down through its 200 day moving average and only buying back when it crosses back above the 200 day moving average. I could not watch my mutual fund's value melt away and do nothing, they do track the market very closely. I do not understand why O'Neil would put that in his book after the carnage of 2000 and 2008. I mentally can not deal with such large losses I go to cash from mutual funds in recessions and down trends. The book could have also gone a little deeper into the psychology of investing/trading, most traders and investors have huge problems cutting their losses, letting their winners run, and sometimes even pulling the trigger to buy the stock. I would love to have had a chapter on O'Neil's thoughts on trading psychology.Regardless, in my opinion the #1 book on investing/trading on the market today.