| How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition |  | Author: William O'Neil
Publisher: McGraw-Hill
List Price: $16.95
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Seller: bacobooks
Rating:  44 reviews
Sales Rank: 2,994
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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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 44
 One of the best books for investing August 31, 2010
bobby
This is a great book. It will turn many of the conventional nuggets of wisdom about stock market on their head. It is a fairly complete book. For an individual trader it explains the investing process well. The 100 or so charts at the beginning of the book are very valuable and informative. CANSLIM is the right system to follow in my experience as well. Probably the most important piece of advice in the book is the advice to cut your losses short at 7-8% from your purchase price of a stock. Most recently 3 follow through days in the market have failed. This book however says that follow through days which mark the beginning of an uptrend in a stock market are reliable about 80% of the time. No book, no investing philosophy can be perfect, thats why one needs to cut the losses short so that one can live to fight another day. Check out my blog at
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 Not so good July 11, 2010
New Economist (PA)
1 out of 2 found this review helpful
I accidentally published my post in the previous edition but the 4th edition (orange) is the one that I read.
I found this book misleading and mostly unhelpful. I felt compelled to write a review that balances out the bogus 5 star reviews planted by the author or publisher.
It's not all bad, but essentially, it comes down to:
1) Buy only newer innovating growth stocks where earnings have been increasing 50% each quarter (Well gee that is so easy to find)
2) Avoid solid blue-chip companies paying dividends.
3) Use chart formations to figure out when to buy. He provides examples of chart formations but does not provide any interpretation as to why they work. Also, looking at his example charts, the chart patterns he points out are not always clear cut and obvious. In fact, sometimes on the same chart there will be a similar formation and it makes me wonder, "Well why not buy over here instead? How are these two patterns fundamentally different?"
3) Sell all losers at 7% or 8%
4) Don't use limit orders.
5) Stay out of the market during bear markets.
6) Buy near the stock price high.
He goes through lists of stocks that increased hundreds of percents, but so what? Hindsight can always produce stock charts like this. The first 100 pages are stock charts of various companies from the 20's-80s that doubled or tripled in a few years. Supposedly we are supposed to study these to see how chart formations produce winners. And how often do these chart formations show up? He provides no answers, but it appears to be infrequently, especially when he shows a chart spanning 5 years.
Overall, his system seems to lead to stocks that are "Hot" at the time. Stocks that tend to have big swings up and down such as Apple (which he mentions in several places in this book).
Probably the only solid piece of advice is the stop loss, but these can be problematic at times, especially for volatile growth stocks that he recommends. Supposedly buying at the 'right time' with the right chart formation will virtually never hit your stop loss since almost always it runs up 20% from there, but it appears those lovely chart formations don't show up too often.
Oneil doesn't provide proof (brokerage statements, or trade confirmations) that he has actually made money using his own "system."
He loses credibility when he says to stay away from options because they are too risky. If used properly, options can be safer than buying the actual stock.
This book is like 450 pages and it could be condensed to about 200 if he would cut out a lot of the fluff.
He pushes the services of Investors Business Daily so much, I was thinking that I should have gotten the book for free for all the advertising I was exposed to.
Decent July 1, 2010
D. Siddiqui (Toronto, Canada)
This book does have some good info on when to buy stocks and when to get out. As others have noted hindsight is 20/20 so don't take all advice to heart. Charts are sometimes not explained properly and patterns don't really make sense... but overall I think he gives you decent advice like using cup'n handle + volume to buy -- though of course most of the time by the time 'heavy volume' hits the price is already maxed and not all of us can be day traders... the market is way too complex (or irrational) to be making buying decisions on simple rules. Nevertheless I still think O'neal's strategy works well in bull markets. For proof you can see the AAII website for well performing screens over the years.
O'neal does advertise his newspaper & website. Personally I think it's a good website, especially if you're into stocks. The editorials as others have noted are totally biased but I don't really care about that. Sometimes they do get borderline racist. I complained once about an article and they took it off pretty quickly so I'm still subscribed.
Best book on growth investing June 26, 2010
Straddle1985 (Belgium)
1 out of 1 found this review helpful
I liked this book a lot. When I first started out reading books on investments, I didn't know where to start. I first red some books on Warren Buffett and then later on value investing. I didn't have a clue there was even something out there like growth investing. Then I ran in on this book and loved it immediatly. I did make the mistake of dropping everything I ever learned on value investing, and simply throwing away that knowledge. Later on, in the bull market of 2009 I had a watchlist full of value stocks and watched them rose in price, whithout doing anything about it.
Anyway, back on this book. The author has done a great job in writing this one. Almost everything you will read in here is the opposite of most value investment strategies. His CANSLIM method is easy to use to select the stocks you want can buy. You don't just have to buy 'm and hold 'm, but rather use TA to select your entries and exits. Stops are always placed on a close % below the entry. Exits are also greatly described in his book.
Please also consider the author his verified track record. It's amazing.
This is one the very few books out there (I believe) has the potential to make you a millionaire, by applying it. His method is pretty straightforward and certainly not that complicated, but applying his rules is pretty hard to do.
Something I've also noticed, after having done dozens of trades with his method, is that you absolutely have to use hard stops. A lot of these CANSLIM candidates have high beta's, and can easily fall with 30% to 50%. That's ok, beacause the upward potential is the same, but just wacht out while applying this method. If you're like me and you have the tension to ignore your stops, the losses can get pretty big.
Also, buying stocks that rise in price with 15% or 20% and then holding them to sell them later with a loss is pretty devastating ..
 Interesting approach, although not practical outside US June 24, 2010
Oscar Henriquez
1 out of 1 found this review helpful
If you plan to invest abroad the US, think twice before using this methodology. In some countries's markets, there is not such amount of information available. Also, IBD related newspaper is locally focus too.
Showing reviews 1-5 of 44
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