How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition |  | Author: William O'Neil
Publisher: McGraw-Hill
Category: Book
List Price: $16.95
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Seller: sbd-
Rating:  34 reviews
Sales Rank: 1,312
Media: Paperback
Edition: 4
Pages: 464
Number Of Items: 1
Shipping Weight (lbs): 1.4
Dimensions (in): 8.9 x 6 x 1
ISBN: 0071614133
Dewey Decimal Number: 332.6322
EAN: 9780071614139
ASIN: 0071614133
Publication Date: May 18, 2009
Availability: Usually ships in 1-2 business days
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| • | ISBN13: 9780071614139 | | • | Condition: NEW | | • | Notes: Brand New from Publisher. No Remainder Mark. |
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Product Description
A BUSINESSWEEK BESTSELLER! Anyone can learn to invest wisely with this bestselling investment system! Through every type of market, William J. O’Neil’s national bestseller, How to Make Money in Stocks, has shown over 2 million investors the secrets to building wealth. O’Neil’s powerful CAN SLIM® Investing System—a proven 7-step process for minimizing risk and maximizing gains—has influenced generations of investors. Based on a major study of market winners from 1880 to 2009, this expanded edition gives you: - Proven techniques for finding winning stocks before they make big price gains
- Tips on picking the best stocks, mutual funds, and ETFs to maximize your gains
- 100 new charts to help you spot today’s most profitable trends
PLUS strategies to help you avoid the 21 most common investor mistakes! “I dedicated the 2004 Stock Trader’s Almanac to Bill O’Neil: ‘His foresight, innovation, and disciplined approach to stock market investing will influence investors and traders for generations to come.’”
—Yale Hirsch, publisher and editor, Stock Trader’s Almanac and author of Let’s Change the World Inc. “Investor’s Business Daily has provided a quarter-century of great financial journalism and investing strategies.”
—David Callaway, editor-in-chief, MarketWatch “How to Make Money in Stocks is a classic. Any investor serious about making money in the market ought to read it.”
—Larry Kudlow, host, CNBC’s "The Kudlow Report"
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| Customer Reviews:
Showing reviews 1-5 of 34
 Not a tue system at all February 13, 2010
J. Seidman (Illinois, USA)
5 out of 5 found this review helpful
I read this at the urging of a friend. As background, I'm a retired professional investment advisor, have been through the Chartered Financial Analyst curriculum, and have decades of investing experience. I am therefore instantly suspicious of a book that promises on its back cover that "Anyone can learn to invest wisely with this bestselling investment system!"
Granted, O'Neil clearly spends all his time with his charts, and otherwise must not get out yet. He comments that NASDAQ an OTC trading venue, not an exchange, when in fact NASDAQ gained exchange status in 2006. He thinks that air traffic accidents are investigated by the Civil Aeronautics Board, which lost its safety responsibilities to the FAA in 1978. Most tellingly, he writes, "Unfortunately, no original or thorough research on price pattern analysis has been done in the last 78 years." Even a brief perusal of the academic journals on investing and finance would have shown him that this isn't true.
Much of the book focuses on chart reading. O'Neil includes many historical charts that clearly show his patterns. Unfortunately, many of the patterns are only clear in retrospect. For example, he describes a double-bottom pattern, shaped like a "W," where you should buy in as the right side moves up past the middle point of the W. Then he describes a double-bottom with handle, where the right side of the W is followed by a modest decline, and then you want to wait to buy until it reaches the top of the right side of the W. However, he describes no way to tell in advance whether the pattern will have a handle. By the time you know that there's a handle, you'll have already purchased on the right side of the W.
As another example, he shows patterns for detecting market bottoms. However, you can look to the left of where he marks the bottom, and often see a false bottom that meets exactly the same criteria. I suspect that O'Neil, given his experience, has other ways to gauge the validity of these stock patterns. Unfortunately, if he can't describe them, it greatly reduces the value of the book.
That probably explains why he adds the caveat that it takes years for someone to start reliably making money using his "system." Some people, with experience, will develop the same ability to figure out when the chart patterns are correct. However, it's very misleading to describe the book's contents as a "system," which in the investing world means a set of rules that can be strictly followed. Instead, it's a set of guidelines and philosophies on which you will have to add your own hard-earned experience to create a system.
Which brings me back to the overinflated claim that, "Anyone can learn to invest wisely with this bestselling investment system!" It's absolutely false. So much is left to discretion that it will require someone with particular aptitudes to be successful at it. If you enjoy doing extensive analysis, have an innate skill at identifying visual patterns, and have the patience to study and learn chart reading, then you will probably be successful with O'Neil's approach. Someone who doesn't meet those criteria will almost certainly fail.
 Good guide for retail investors February 11, 2010
Jeff Tedford
0 out of 1 found this review helpful
Good introduction to equity investing for retail investors. O'Neil's methods do not work for professional fund managers.
Mixed February 7, 2010
T. Cobbold
0 out of 1 found this review helpful
Some good thoughts mixed with some b.s. and a lot of self advertising for his business. The pro america agenda was unnecessary as was the views on politics and Iran.
 Wish I had read this book before getting into the market February 3, 2010
Paul M. Chun-ung (Honolulu, HI)
1 out of 1 found this review helpful
I was really looking for a book on trading stocks (versus investing) and I believe that this book offers lessons applicable to both.
When I first began trading stocks online, I made the exact mistakes that this book says not to do. When a stock jumped in price, I sold and took profits too early when I should have held on and purchased more. When a stock fell in price, I either bought more stock to bring my average cost down or held on to my losing stocks too long "knowing" that eventually they would have to come back up. I was wrong. These are the classic mistakes that according to the book, most traders make, which is why they end up losing their money. And this was the exact same thing that happened to me.
If I had read this book before getting into the market, I may have been able to prevent the big losses and keep the small gains I had been able to make. I would definetly recommend this book to anyone interested in learning how to trade or invest in the stock market. I haven't tried out the "CAN SLIM" system taught in this book, so I can't tell you if it works or not or that I made money following it, but I can tell you that the system makes sense and is worth learning even if you choose not to follow it.
Breakout Trading at it's Best! January 21, 2010
Stock Market Coach (Edmonton, Canada)
2 out of 2 found this review helpful
Absolutely this book is a classic!
In his book, Bill O'neil calls his breakout trading system "CANSLIM". Each letter in the word C-A-N-S-L-I-M stands for one of the seven chief characteristics of great winning Growth Stocks at their early developing stages, just before they make huge profits for their shareholders. The explanation of each letter is as follows:
* C = Current Quarterly Earnings Per Share
* A = Annual Earnings Increases
* N = New Products, New Management, New Highs
* S = Supply and Demand: Small Capitalization plus Volume Demand
* L = Leader or Laggard
* I = Institutional Sponsorship
* M = Market Direction: What is the overall Stock Market doing?
This system works, and this book teaches you both fundamental and technical analysis.
Showing reviews 1-5 of 34
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