The Successful Investor: What 80 Million People Need to Know to Invest Profitably and Avoid Big Losses | 
enlarge | Author: William J. O'neil Publisher: McGraw-Hill Category: Book
List Price: $14.95 Buy Used: $0.01 You Save: $14.94 (100%)
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Rating: 47 reviews Sales Rank: 21323
Media: Paperback Edition: 1 Pages: 183 Number Of Items: 1 Shipping Weight (lbs): 0.6 Dimensions (in): 8.8 x 5.9 x 0.7
ISBN: 007142959X Dewey Decimal Number: 332.6 UPC: 639785384311 EAN: 9780071429597 ASIN: 007142959X
Publication Date: September 1, 2003 Availability: Usually ships in 1-2 business days
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Product Description FROM THE AUTHOR OF THE BUSINESSWEEK, USA TODAY, AND WALL STREET JOURNAL BUSINESS BESTSELLER HOW TO MAKE MONEY IN STOCKS! Simple-to-follow strategies for making--and keeping--profits in today's perilous stock market More than 80 million investors lost 50 to 80 percent of their savings in the recent stock market crash. Investor's Business Daily publisher William J. O'Neil, however, was one of the first to see--and warn investors about--the dangers inherent in what had been, up to that point, a historic bull market run. Those who followed his counsel were able to sidestep devastating losses and emerge with their sizable bull market profits largely intact. In The Successful Investor, O'Neil steps up to tell all investors how they can make money and, more important, avoid losses in up markets, down markets, and everything in between. Showing how mistakes made in the recent market collapse were amazingly similar to those made in previous down cycles, O'Neil reveals simple steps investors can follow to avoid costly mistakes and: - Buy only the best stocks at only the best times
- Follow a market-tested 3-to-1 Profit-and-Loss Percentage Plan
- Know when to sell for the biggest possible profit
- Recognize chart patterns that presage enormous market moves
- Manage a portfolio over time to maximize its returns
William O'Neil has succeeded in virtually every market environment by following a stable, nonemotional investment plan. In his latest book, O'Neil explains how anyone can follow that plan to become a profitable long-term investor, regardless of market tides or turns. The Successful Investor will bring reason and welcome relief to all investors buffeted and bewildered by the perils and uncertainty of today's stock market.
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| Customer Reviews: Read 42 more reviews...
Common Sense Strategies for Investing in Stocks! June 21, 2008 C. Clayton (Tucson AZ) William O'Neil, who started a successful financial paper known as Investors Business Daily, wrote How to Make Money in Stocks. Decade of research and critical thinking has helped O'Neil to create some very powerful ways of investing successfully. O'Neil's ideas aren't about getting rich quick. It takes time, study diligence and patience coupled with controlling ones emotions to become an excellent investor. The Successful Investor melds both the technical and fundamental aspects of investing with common sense. O'Neil uses a great number of charts throughout the book to explain concepts in detail. The Successful Investor provides strong basics to help the intermediate investor as well as the experienced investor. This book may not be right for a novice. Topics include Managing Your Portfolio: How to Buy the Very Best Stocks, When to Sell and Nail Down Your Big Profit While You Still Have It, Time-Proven Methods to Maximize Results and Minimize Losses and much more. 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. They are easy to read and understand the basic...but like anything worth while...it takes years to be good. I have read three of O'Neil's books and have found great ideas in all of them. The Re-Discovery of Common Sense: A Guide to: The Lost Art of Critical Thinking
very impressive! April 9, 2008 tiger taco (usa) For once someone who knows what he is talking about. If you are serious about investing buy this book, you won't regret. In fact, it can be your only investment book. What I like is that the book clearly shows that there is no such thing as buy-and-hold investor. To me investor is a just trader who trades in a weekly timeframe.
Excellent Book December 4, 2007 A. Dwivedi (Wilmington, MA United States) I think IBD is worth every penny. You can do everything that the author says without using IBD (by using MSN, Yahoo etc) but if you don;t have time for that IBD is the way to go. I have been following many (not all, i don't like the idea of buying at market price) of the advices in this book and have bagged 30% return in the last year despite two nasty corrections. If you want to take one lesson from this book, it would be Buy high and sell higher in a bull market.
Outstanding investment/trading book. May 20, 2007 Steve Burns (Nashville, TN) 2 out of 2 found this review helpful
William O' Neal has done an excellent job laying out for investors and stock traders the 5 steps to take for outstanding results. I have read Oneal's other books but this one really laid out his strategies in a very easy to understand format. Here are the 5 steps he puts forth: #1 Which way is the general market going? Only invest in bull markets, if the market is continually going down and has rallies that fail and fall again into lows. Stay away and safely in cash. Wait to enter when the market is clearly in an uptrend. #2 Use a simple 3 to 1 profit and loss percentage plan. By setting a 7% stop loss on all stocks, and capturing a 20% gain when you are right, you can be right on 33% of your stock picks and still be a profitable investor/trader. Of course this is the worst case scenario. The important thing is taking losses quickly and letting profits run to a reasonable place and then take them. #3 How to buy the very best stocks at the very best times. Buy stocks using the CAN-SLIM method for the fundamental value. (With current and 5 year earnings increases being the #1 measurement of valuation). Then buy them after they have reached there 52 week high, pulled back and resumed upwards after coming off new support levels.(Cup and handle chart pattern). #4 When to nail down your big profit. Sell a stock that has run up to a ridiculous price while it is still heading up. Do not try to call the top, these stocks pull back tremendously when they run out of buyers. The signs to sell include when it closes at the low for the day or fails to make new highs for a few days. (Railroad tracks on a chart). #5 Managing your portfolio for maximum gains and minimum losses. When it is time to realign your portfolio sell your losers and keep your winners. Diversifying is for people who do not know what they are doing, successful investors buy 4 to 10 stocks they are experts on and watch them closely. Only add a new one after you sell your biggest loser. Never buy more of a stock that is going down only increase position sizes on winners. Only buy the best stocks in an industry, stay away from stocks under $15 to $20 a share. Excellent book that belongs in every investors/traders library. William O'Neal belongs with other legendary traders he has done a great job of building on what others have learned. I predict it will be a classic one day.
John's Review April 11, 2007 John R. Brocker (Grand Rapids, MI) I believe every investor ought to read this book before putting any money in the market. If O'Neil's CANSLIM system is followed, it is IMPOSSIBLE to to lose money in the stock market!
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