|
How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition (平装)
by William J. O'Neil
| Category:
Investing, Stock market, Investment, Personal finance |
| Market price: ¥ 158.00
MSL price:
¥ 128.00
[ Shop incentives ]
|
| Stock:
In Stock |
MSL rating:
 Good for Gifts |
| MSL Pointer Review:
Now an established classic on investing, this is an outstanding reference for all the investors. |
| If you want us to help you with the right titles you're looking for, or to make reading recommendations based on your needs, please contact our consultants. |
|
| |
AllReviews |
  1 2 Total 2 pages 12 items |
|
|
Andy King (MSL quote), USA
<2006-12-31 00:00>
If anyone read How To Make Money In Stocks once or twice and made a consistent profit over the last three years, my hat is off to them!
To make money while using this book requires study, testing, study, testing and a healthy portion of experience. There is a wealth of good information contained in the book, but one will realize consistent profits with it much more readily in an up market rather than a down or sideways market.
One excellent caution included in the book is the warning against using options until one has gained (a few years of) experience with the underlying stocks.
In my opinion, "paper trading" stocks for several months to a year or more using O'Neil's system would be a really good idea prior to trying to trade stocks immediately after reading this book. And as I said, one will consistently make money using the book much more readily in an up market.
Otherwise, it's an enjoyable read, with many interesting ideas derived from years of experience and possibly the greatest stock database ever assembled. |
|
|
Rosie Kerkhoff (MSL quote), USA
<2006-12-31 00:00>
This book is dangerous because it leaves an investor in the dark when it comes to chart reading. CupNHandles, Double Bottoms, blah blah blah. The truth is this book only shows investors how to interpret so called "pivot points" which in my opinion are not pivot points because they are rarely near true resistance or support levels. Also, the way O'neil explains how to spot market tops and bottoms is laughable. Many Canslim followers are lost when it comes to everyday price movements. All they understand are "pivot points and breakouts." It's like children who look at a map and can only recognize 1 city. To be truly successful you need, in my humble opinion, to understand trendlines, Bollinger bands, MACD, and that stocks for the most part either trend or trade in ranges. Also, play around and draw trend lines like crazy on some charts. After a while one should see that price movements are not random, but are strategic in trying to achieve an advantage on the opposing side as to which way a trend should occur. What you should recognize is that after a side (longs or shorts) loses the battle, they often times leave or join forces making a stock continue to trend up or trend down. If you pile on after they have already piled on, which is what O'neil advocates, they will crush you one at a time, multiplied by millions, using your 8% stop loss rule. Moreover, I can't tell you how many times breakouts fall back 8% below their "pivot point" to a trend line and then continue upwards from there. CupNHandle patterns are great if the pivot point is within 6% of of a trendline, but they rarely are, so beware. Why am I explaining this? After all, everybody is filthy rich using CanSlim. However, there are many things I agree with. Those rules being: buy quality, look for growth, buy strength, cut losers short, don't argue with the market, don't average down in price unless you are highly skilled, I assure you, you aren't, and let winners ride so misinformed, blind CanSlimers will purchase your shares from you. This book is great if you couple it with a technical trading book. Alone the book is a nightmare.
(A negative review. MSL remarks.) |
|
|
|
1 2 Total 2 pages 12 items |
|
|
|
|
|
|
