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The result of years of observation and the subsequent application of the commonsense rules learned, Trade Like an O'Neil Disciple details the small realities that make up the stock market, including:
The importance of a 6–7% automatic stop-loss policy on stock purchases
Sit tight and be right, or "take your profits slowly"
The value of psychological capital, and how mastering your own psychology allows you to operate from a position of strength
Position concentration, and how diversification—"kissing all the babies"—is unnecessary
How timing the market is possible and necessary, despite claims to the contrary by those who can't
Mistakes novices or lazy investors make, such as averaging down or purchasing only cheap stocks
How O'Neil applied historical precedent to box theory to come up with consolidation patterns ("bases"), such as: ascending; cup-with-handle; double-bottom; square box; flat base; and high, tight flag
Using early buy points in the form of "pocket pivots" to gain an advantage in difficult market environments
Using gap ups as buy points to jump on board of some of the most powerful stocks
The finer points of O'Neil-style short-selling techniques
It took years to identify, analyze, catalog, and verify the characteristics of winning stocks for O'Neil to finally perfect his system. Authors Gil Morales and Chris Kacher save you the time and—if you're an investor, money—by bringing together in one comprehensive guide, the commonsense investment philosophies that allow them and you to Trade Like an O'Neil Disciple.
"If you only read one book this year, read this one. It turns everything you know inside out and changes the way you see the things that matter. In a world full of fake promises and hype, here is something real. Morales' and Kacher's vision, passion, and dynamism is [proven]by their results. Lots of people talk, they have delivered. If you really want to succeed in a very uncertain world, read this book. It will change your success."
—Dr. Michael Meegan, author of All Will Be Well
What the market will do is anyone's guess. What it is doing should be anything but.
From the successes and failures of two William O'Neil insiders, Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market is a detailed look at how to trade using William O'Neil's proven strategies, as well as what it was like working side-by-side with the Wall Street legend.
Detailing both the technical information and the trading psychology that has worked so well for them, and including a market direction timing model, Trade Like an O'Neil Disciple breaks down what every savvy money manager, trader, or investor needs to know to profit enormously in today's stock market.
Chapter on selling short, very good information the most detailed I have found on this topic.
I found the book also very useful for guidance on trading like Mr. O'Neil with plenty of nice charts with very useful examples of when to buy and sell stocks.
This book will make more sense to you, since it takes up were the O'Neil book leaves off, and then some.
If you trade using the O'Neill model this is a must read. I though it started off slow, but once we go to the 3-4 chapter it became very clear and very usable. Read morePublished 22 days ago by FirstForty
Morales and Kacher have traded for a living under the critical eye of Bill O'Neil.
This book clearly portrays their rich learning experience and advancements in methods. Read more
Outstanding book!!! Great trading plans if the reader is willing to put in some study time.Published 2 months ago by David Paxton
The authors talk about what they learned working with Bill O'Neil. The book is interesting if you invest a lot. There are many Charts that are easy to read. Read morePublished 3 months ago by Charles Nyman
Very clear and very useful advice. Tools and guidelines for technical analysis of opportunities I was not aware of.Published 5 months ago by Nita
It goes without saying that before reading or deriving any benefit from this book you need to be understand William O'Neil's CANSLIM principles. Read morePublished 5 months ago by Peter Ralph
I did not learn anything from this book. It was basically an homage to O'Neil and how great he is and how all his detractors are wrong.Published 6 months ago by MAthari