24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques from the Founder of Investor's Business Daily (PERSONAL FINANCE & INVESTMENT)

A worthwhile read

This book isn't about getting rich quick. It takes time, study diligence and patience coupled with controlling ones emotions to become an excellent investor.William O'Neil, who started a successful financial paper known as Investors Business Daily, wrote How to Make Money in Stocks. Decade of research, critical thinking and common sense has helped O'Neil to create some very powerful ways of investing successfully. He melds both the technical and fundamental aspects of investing.Each of the 24 lessons in this book is provided in a chapter form. Just a few of the powerful lessons are: Follow a system Rather Than your Emotions (Lesson 3), How to Buy a Stock at Just the Right Moment (Lesson 9) How to Gauge the Stock market's Health (Lesson 12) and many 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 rich ideas in all of them.The Re-Discovery of Common Sense: A Guide To: The Lost Art of Critical Thinking

This book is an elaboration on the investment techniques in Mr. O'Neil's prior book, How to Make Money in Stocks. The elaboration focuses on additional insights into avoiding losses and using technical analysis (examining stock price and volume charts) to pick optimal stocks and times to buy and sell. If you haven't already read How to Make Money in Stocks, this book will lack context. I suggest that you not read this book until you have read that one. If you have read that one, this book will be valuable to you only if you plan to do your own stock picking and wish to use the Momentum Growth Investing model that Mr. O'Neil recommends in that book, and supports in Investors Business Daily. If this book is not yet right for you, based on these qualifications, you need read no further.If this book fits, then, let me go on to provide some caveats. First, it is often hard to limit your losses in the kinds of stocks recommended by this technique. Following a company warning about earnings, it is not unusual for these stocks to fall 15-40 percent without ever trading at any price in between. So your losses may well be larger than he suggests here.Second, technical analysis is a field that is filled with ambiguity. Your success in reading charts will not be as good as these examples suggest. Many academic studies fail to find any value in technical analysis.Third, the kind of stocks that are recommended can perform very poorly if the market goes through a prolonged drop in valuation (as last occurred from 1973-1975). You will be buying stocks that are trading at enormous multiples. You could experience more sustained losses than Mr. O'Neil suggests in such a changed market environment, if it were to recur.Fourth, few individuals have the discipline to adopt and follow a philosophy like this over a long enough time period to be successful.Fifth, if you are curious, it doesn't hurt to look. But remember that over most time periods 90 percent of professional investors do not match the market averages. And they have a lot of advantages you don't have. Be sure to also look at John Bogle's, Common Sense About Mutual Funds, to get the other side of the story.Having heard the caveats, let me say that Mr. O'Neil's advice is basically sound, well articulated, easy to follow, and balanced. It will make good reading for those who want to move toward developing the skills needed to be a self-directed investor in growth stocks being pushed along by earnings and investor momentum.Good luck with your investments! May they do well regardless of the philosophy you follow!

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The book is not a bad read. It gives the rational investors some rules to follow to build on their investments. Most of the lessons have a heavy bias towards crowd behaviour - ie. which mutual funds buys, which technical trends to follow, and and the author consistently and annoyingly repeats -> His website and it's benefits.Clearly there are many stories in this that can be successful. But this strategy might suffer in periods with extreme volatility. Eg. The 8% rule is a rule to cut losses - but what if the market volatility is greater than 8% like we experienced in 2008?A book that I would recommend reading for the concept presented but one also has to combine this with other books in investments. It's not a one book for all.

Having bought this book a while back, I found it very disappointing and little more than an attempt to persuade the reader to subscribe to 'Investor's Business Daily' (founded by the author).It really felt like nothing more than vague platitudes towards investment, without any real data to back up the opinions.There's a section on reading charts which was interesting, but as I think chartism is fundamentally flawed anyway, perhaps the book just wasn't geared towards my particular investment style.

I had high expectations of the book based on other reviews. However I was very dissappointed from the start and ended up just skimming through to the end of the book due to the endless self-promotion and waffle. The book spends more time promoting other investment material than actually in educating the reader. Occassionally there is good advice it's just very unfortunate that you have to read through why you should visit my website, why should come to my seminars, why you should subscribe to my newsletters, why you should read my other books, etc... before you get to any useful investment advice.

Prozyklische Anlagestrategie in Growth Aktien mit Trendfolge und Market Timing in Bullenmärkten unter Nutzung von Fundamentalanalyse und Technischer Analyse.Zusammen mit der Basislektüre "Wie man mit Aktien Geld verdient" ("How to make money in stocks") ist dieses Buch als Nachfolge die komprimierte Synopse der prozyklischen Anlagestrategie (CAN SLIM). Man muss dazu nicht die Onlineversion des "Investor's Business Daily" abonnieren.Grundprinzip: "Buy high and sell higher."1. Kaufe in Bullenmärkten (entsprechende der Depotgröße) 6 bis 7 steigende starke Aktien.2. Verkaufe ohne Ausnahme konsequent die Aktien bei Verlust von 8%.3. Take Profit bei 25 bis 30% mit eine durchschnittlichen Haltedauer von Wochen bis Monaten.4. Verkaufe komplett alle Aktien in Bärenmärkten und gehe an die Seitenlinie, um Verluste zu vermeiden.5. Scheue dich nicht verkaufte Aktien erneut zu kaufen, wenn der Markt sich wieder positiv dreht.6. Buy and hold nur mit breit diversifizierten ETFs - vorzugsweise im US-Aktienmarkt.Aktienauswahl:Das Unternehmen ist Marktführer in der Branche oder dem Sektor. Marktkapitalisierung > 400 Millionen.Die Aktie muss über dem Leitindex (S&P 500) und über dem SMA 200 liegen und maximal 20% unter dem All-Time-High (ATH). EPS > 20%. ROIC >15%. RSI >80. Institutional Owner>10%. Kaufgelegenheiten bieten die Chartmuster "Cup with a handle", "Double bottom (W)" und "Flat base".Kapitalvolumen und Aktienanzahl: 5.000 € 1-2 AKtien. 10.000 € 2-3 Aktien. 25.000 € 3-4 Aktien. 50.000 € 4-5 Aktien.100.000 € 5-6 Aktien.Pyramidisieren:Aktienkauf zunächst mit 50% der Positionsgröße. Bei Anstieg des Kurses um 2 bis 3 % mit weiteren 32,5% nachlegen, bei nochmaligen Anstieg des Kurses um 2 bis 3 % nochmaliges Nachlegen mit 17,5%.William J. O'Neil:"Wide diversification is nothing but a hedge aginst lack of knowledge.Concentration in 10 stocks leads to profit."Alle 3 Bücher von William O'Neil "Wie man mit Aktien Geld verdient", "The Successfull Investor" und "24 Essential Lessons für Investment Success" sind absolute Kauf- und Leseempfehlungen für Anleger in Einzelaktion. Diese 3 Bücher gehören meiner Ansicht nach zu den 10 besten Büchern über Geldanlage am Aktienmarkt.

Very good must read book

great book

DIREI CHE QUESTO LIBRO ESPONE MOLTO BENE ALCUNI CONCETTI A MIO AVVISO FONDAMENTALI PER OPERARE SUI MERCATI AZIONARI, IN PARTICOLARE SUL MERCATO AMERICANO. SCRITTO IN UN INGLESE MOLTO ACCESSIBILE, CHIARO, CONCISO, CONCRETO. Mi sento di consigliarlo a chiunque voglia operare sui mercati finanziari e non abbia una grande esperienza.

The author of this book increased his account 20 fold in 26 months and then bought a seat on the New York stock exchange. He studied the top performing stocks from 1953 to present to create his CAN-SLIM method, which has been proven in many independant studies to be one of the best. After his individual success as an investor he founded O' Neal & Co. and uses his companies stock data base to advise top investing firms. This is a credible author who all traders should listen to.Here are some of the top lessons in this book:#3 Follow a system rather than emotions.(This takes experience and time)#6 Relative price strength: A key technical tool (Buy stocks in up-trends close to 52 week highs, these are the stocks with buyers)#18 Don't try to be a Jack of all trades (Focus on one investment vehicle, be an expert)#20 Sell Rules (Reset stops on stocks showing a profit so you do not give back all of your profit on a down trend)Buy this book for 20 more essential lessons. This book will help beginners tremendously and also can be very beneficial for experienced traders and investors to revisit to keep on the right track.This is a great little book that belongs in every investors/traders library.