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How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Kindle Edition
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This is because IBD (the newspaper/service accompanying this strategy) does half the work for you. The book will tell you to look for companies with a certain amount of earnings growth by quarter, for example, and that sounds like a lot of work--and normally, it would be. But if you pay the $10 per month, or whatever it is, for the paper, all of that stuff is done for you. The data is available for any stock in the market, and you're given a list of the top 50 stocks that meet the criteria listed in the book.
But as I said, that's only half the work. Knowing which stocks to buy is easy (thanks to this strategy), but knowing when to buy them and when to sell them is the hard part. The book goes into detail on that. It involves looking for certain patterns in the price charts (also available through their service), and then buying if the price goes above a certain level. Then there are also rules on when to sell.
It's a rules-based system, which is good because it gives you a set of criteria by which to buy and sell stocks, but there is room for flexibility (depending on your abilities as a technical analyst and/or your knowledge of a particular company) which is going to make or break you as a stock trader.
I should finish this review, though, by saying that most traders lose money in stocks. Unless you're so obsessed with stocks that you're willing to put in thousands of hours (just like any highly competitive skill) before you are successful, I'd recommend just buying a mutual fund instead. It's a lot less hassle, and unless you become an elite trader, your returns will likely be comparable over a long enough period of time.
If there is any negative that I have to say about this book, it's that it says nothing about what I believe is the most difficult part about trading. The psychological aspect. I would reference Mark Douglas for that.
Other than that, the best book for longs (and to an extend shorts) you can buy!