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Stan Weinstein's Secrets For Profiting in Bull and Bear Markets Paperback – January 1, 1988
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Top Customer Reviews
I cashed out of my stocks three weeks before the recent Dow and Nasdaq declines, simply because, as luck would have it, I had just finished studying the chapter on spotting market tops. All the signs that Weinstein laid out so neatly in that chapter were apparent--it was truly a textbook case.
Anyone doing trading should know the information in this book....it's very basic, as the author teaches the minimum you need to know for success. But it works, and the information is presented clearly in very readable, friendly prose.
It is for longer term trading, perhaps 3 months or more, depending on how long the stock trends upward. This is probably the best longer term trading method I have seen. It is so basic you may already know most of it (unless you are just starting), but this book puts chart reading into a simple, practical method that can be mastered. One of the problems I had with CANSLIM was when to sell. Reading this book will give what I consider a good answer on when to take profits. And, like the book says, go short.
I wouldn't say Weinstein's methods are "secrets," they are just 100% common sense, and very effective. CANSLIM investors may find this a very useful book on expanding charting knowledge.
It is one of my favorite trading/investing books.
Compared to other similar tomes on this subject it uses no math or formulas but relies on actual charts of stocks. The method teaches how to view price, volume and trend data so that stock picks yield winners 60 to 80% of the time and with gains (for me) 2x to 10x!
It also provides lessons on the how to cut losses and how to learn the discipline of selling for maximum profit.
This is a book which can (and must) be reread over and over as one gains expertise at Technical Analysis. The methods learned provide logical procedures which eliminate the hype of the stock market and turns the hype into profits.
Weinstein's motto of the "Tape Tells All" is the foundation
for success because it places stock action as the primary source of information over OPINION.
This book is about technical investing. So you may pooh at high PEs and buy; likewise, low PE stocks may not be the right opportunity. Technical analysis of stocks study the supply/demand equation more than anything else. Stan believes that you can make money either in a bear or a bull market as the title says.
One of the biggest vaccuums in an amateur investors array of techniques is filled by this book's extensive coverage on shorting. Once you read this chapter, you will agree that shorting is as much a risk as buying long itself. Stan combines buying/selling short with excellent risk management techniques - the key to keeping sanity and preserving your portfolio from those two universal fears in investing - fear and greed.
The book discusses when to buy, how to refine the buying process, when to sell, selling short, recognizing market tops and bottoms all in a manner so clear that you won't have to read a sentence twice for the sake of understanding alone. The quizes at the end of each chapter are meant to reinforce your understanding and I think it is a great idea.
Though this book was published in 1988, every bit of it is relevant today and will be 100 years from now. In my 9 years of investing, I had gotten carried away with such classics as the 'The Intelligent investor' by Benjamin Graham and held onto its views for most of these years only to see very little profits - it didn't work for me at least.Read more ›
- Very practical, systematic and clear. Excellent communication. You don't get bored reading it.
- Sound trading system.
- Stan's stage analysis is a tremendous help to separate the stock price movement in stages. Very valuable insight.
- His stop loss explanation on both and long are extremely valuable and clear. He explained it in a step-by-step fashion. This alone can save you $$$ by locking-in your profit.
- Other excellent explanation: important chart patterns to be considered (he only selects the best ones), volume analysis, importance of Relative Strength and moving averages. What to buy, When to Buy, When to Sell, How to Short....And he separated those key processes between Traders and Investors. So, you will have a clear understanding of what to do. A step by step explanation on how you can find the A+ stocks using his "Forest to Trees" approach.
- Excellent Quiz & Answers and the end of each chapter that tremendously re-test you understanding of the important concepts.
If you're a beginner or intermediate, this book will certainly give you a huge boost in mastering chart reading as well as execution. Unlike any books that sort of short in explaining one critical area, I find Stan's book very clear and entertaining as well. It opens your eyes on what to look for in a chart.
Most Recent Customer Reviews
A great beginner's tutorial on investing in the stock market and the conditions which inevitably cause the rise and fall of stock prices.Published 15 days ago by BarginsKay
This may be the best single book to learn to be a stock investor. Stan's 4 stages are world-famous now, and great advice for chart reading.Published 3 months ago by Joel B. Christian
Great read! My investment class uses it and I found myself reading while on the toilet too.Published 3 months ago by Badminton4Life
Excellent book, I thought. Lots of down to earth strategies.Published 3 months ago by Amazon Customer
Excellant book on Technical Analysis..... Remember his appearances on Nightly Business Report when Paul Kansas was host.Published 4 months ago by Jas werner
this is a good strategy. if you have never read a book on how to buy stocks or looking for a new strategy I recommend this book. Read morePublished 5 months ago by jwa