笑傲股市 How to make money in stocks 4th edition
How to Make Money in StocksA WINNING SYSTEM IN GOOD TIMES OR BADBy WILLIAM J. O'NEILThe McGraw-Hill Companies, Inc.Copyright © 2009 William J. O'Neil
All right reserved.
ISBN: 978-0-07-161413-9
Contents
Chapter OneAmerica's Greatest Stock-Picking Secrets

In this latest revised edition, you'll observe 100 charts of the greatest winners from 1880 to 2009. Study them carefully. You'll discover secret insights into how these companies set the stage for their spectacular price increases.

Don't worry if you're a new investor and don't understand these charts at first. After all, every successful investor was a beginner at some point—and this book will show you how to spot key buying opportunities on the charts, as well as critical signals that a stock should be sold. To succeed you need to learn sound, historically proven buy rules plus sell rules.

As you study these charts you'll see there are specific chart patterns that are repeated over and over again whether in 1900 or 2000. This will give you a huge advantage once you learn to, with practice, recognize these patterns that in effect tell you when a stock is under professional accumulation.

It is the unique combination of your finding stocks with big increases in sales, earnings and return on equity plus strong chart patterns revealing institutional buying that together will materially improve your stock selection and timing. The best professionals use charts.

You too can learn this valuable skill.

This book is all about how America grows and you can too. The American dream can be yours if you have the drive and desire and make up your mind to never give up on yourself or America.

Chapter TwoHow to Read Charts Like a Pro and Improve Your Selection and Timing

In the world of medicine, X-rays, MRIs, and brain scans are "pictures" that doctors study to help them diagnose what's going on in the human body. EKGs and ultrasound waves are recorded on paper or shown on TV-like monitors to illustrate what's happening to the human heart.

Similarly, maps are plotted and set to scale to help people understand exactly where they are and how to get to where they want to go. And seismic data are traced on charts to help geologists study which structures or patterns seem most likely to contain oil.

In almost every field, there are tools available to help people evaluate current conditions correctly and receive accurate information. The same is true in investing. Economic indicators are plotted on graphs to assist in their interpretation. A stock's price and volume history are recorded on charts to help investors determine whether the stock is strong, healthy, and under accumulation or whether it's weak and behaving abnormally.

Would you allow a doctor to open you up and perform heart surgery if he had not utilized the critical necessary tools? Of course not. That would be just plain irresponsible. However, many investors do exactly that when they buy and sell stocks without first consulting stock charts. Just as doctors would be irresponsible not to use X-rays, CAT scans, and EKGs on their patients, investors are just plain foolish if they don't learn to interpret the price and volume patterns found on stock charts. If nothing else, charts can tell you when a stock is not acting right and should be sold.

Individual investors can lose a lot of money if they don't know how to recognize when a stock tops and starts into a significant correction or if they have been depending on someone else who also doesn't know this.