How to Make Money in Stocks Getting Started: A Guide to Putting CAN SLIM Concepts into Action

Finally for all those investors and traders trying to implement the CAN SLIM investment methodology by using William O'Neil's book "How to Make Money in Stocks" along with Investor's Business Daily, here is your users manual. Matthew Galgani has done an excellent job with this book by both keeping it simple and easy to read but also getting all the vital elements needed to bring all of O'Neil's teachings together as a cohesive whole for implementation in a real strategy.This is the very first kindle version of a book I have bought and read and I found all the links that were available inside the book that went to the investors web site very useful for video lessons to expand on the authors points with out making the book excessively long by trying to incorporate everything in writing.The kindle edition of the book is filled with pop out historical charts of the biggest winning stock charts in history along with recent ones that I had actually traded in the past few years. The charts are very valuable to actually understand visually what the big winners look like to avoid thinking they are "too high priced" as they play out in real time.The lessons of this book are many, here are a few:The keys to winning in the stock market is to only buy stocks during market up trends, focus on the companies with the biggest earnings growth, and buy stocks being accumulated by institutional investors.How to use the IBD market pulse to determine the markets current trend. (I really liked the strategy that the author suggested for trading an index using their market model. He showed how their simple market trend model would have saved buy and holders from the vast majority of the 2008 plunge and got them back in after the 2009 reversal).The book shows how to find the best performing monster stocks by using the tools on the IBD investors website and by using the IBD paper.The author shows the key high probability times to buy the right stocks as they come out of the best patterns: double bottoms, cups with handles, bases, etc. Also how to create your own watch list and be ready to buy these stocks by setting buy stops.The book covers the vital point of risk control and to cut all losses at 7%, 8% or less when the stock fails to trend after a buy point. Also it gives a graph on how many stocks an investor should own based on the size of their capital. The suggestions are for a very concentrated portfolio, which I agree with but it is crucial to split up your stock positions into as many parts as they suggest. I would advise if they say you should own 5 stocks for you size of capital then only use 20% of your capital on any one stock.Let winners run up to 20% to 25% profits before selling or farther if they just rocket.I am glad that Matthew explained that one of the primary keys that make the CAN SLIM method a winning model is the 3/1 risk reward ratio by having20%/25% gains and only 7%/8% losses. You can win once and lose twice and still make money.If you have been a student of the book "How to Make Money in Stocks", the Investors Business Daily Newspaper,and the Investors website they run, this should be the book that brings it all together for you.Just a great informative, easy to digest, actionable plan for successful growth investing.

This is a great book by Mathrew .The only thing which works in the market is buy low and sell high. IBD leaderboard does a great job in identifying those great stocks. I missed out Nu Skin when it broke out after its quarterly results. I waited for the next opportunity which came when the NUS broke out at 90.17 i bought and sold it at 94.52 and then bought again at 92.50 and sold it at 94.75 after the fed announcement and bought some more at 94.44. One thing ibd or cbd or lbd doesnt teach u is buy low and sell high and rebuy again. Over a period of time this adds to ur confidence your profit margin and most importantly ur knowledge base. Here are some dangerous points about IBD1. IBD says stocks once fallen never goes up. What happened to netflix it went from 300 dollars to 60 to go back to 300 dollars.2. Late stage bases dont work. Oh really priceline , visa and stratasys are all in late stage bases they are all working fine.3. Composite rating and rs line matter and so does new high . Oh really cree was at 73 dollars and one of the leadership board member when it crashed 20 percent after the earning.4. Always buy on the gap up. really what did trip advisor do it gapped up only to go up t0 80 dollars and come back.5. Always follow the ibd50. DO we really need to then its like nasdaq 100 only 50 stocks less. if i buy all 50 stocks then what is my profit.6. IBD 50 covers all the great stocks. Does it Qihu wasnt even featured once it went from 31 to 84 dollars one of the best growth stock in 2013. Instead in the leadership board they feautred jack in the box it tumbled 35 percent after earning and leadership board said later on it was a speculative stock if it was a speculative stock why was it put on the leadership board.7. IBD says it doesnt recommend any stock then what does leadership board do.8. IBD says in their seminar institution takes months to buy a stock. then when linked in goes up 2 pc or 2 pc down who is buying or selling its the institution. Institution makes money selling high and buy intraday low who else accounts for 2 million stocks a day.9. IBD says to buy and hold for 20 pc profit then why does ibd say a stock is extened after 5 pc so does it mean if one is late to the game he should just wait for the stock to go from 5pc to 20 pc .10. IBD says keep it simple yet we have idb50 ibd weekly review sector leaders its more complicated than nasdaq 100.Bottom line is its simple just concentrate on 5 stocks per year this yea l again at 3 pc profit, great mathematicians know the power of compounding 3 pc taken multiple times gives great result .11. nodbody need to go through cup with handle without handle double bottom and all its more a myth what works is pivot point 50 day ma buy at the pivot sell on the way up and buy again thats what the market does every day thats wat jesse livermore did he only used to read the tapes i bet if he read a copy of ibd with all these rating he wouldhave gone half crazy.Bottom line select few stocks every year and trade on it get a good chart from a reliable source and follow the chart.Stock market is not a science of rules and regulation its an art buy low sell high and only quality stocks like nflx celgene nus linked tesla what the funds buy is something u must buy that way u dont care about ibd50 or 100 or 1000 it doesnt matter its only the few stocks which makes u money like gerald o loeb which comes over time no ibd cbd or lbd qbd can teach u that ... Reason being1. He clearly explains what to do 10 mins on every week day. This is how you keep on top of theul market.2. He explains the reason why one needs to buy on an market uptrend and how to nimble into the market when its ivoon a market uptrend.3. He also explains when to sell and take profit.4. How to use the leaderboard.5. What is the importance of reading the big picture column, sector leaders and stock on the move.6. Why is it impohenow all the answers order your copy now. Its a concise book with lot of tips. I call it the handy book to understand the IBD newspaper and uncover the mystery of CANSLIM. Great job Mathew.

The item came earlier that I was expecting, and it was like a new. I couldn't notice the book was used.

Quite a good book on how to make profits from investing in stocks and holding on to them. Also provides a practical guide for every step of the investment process so that every step is well researched and thought out. A valuable book for all investors

Dieses Buch ist - in Englisch! - die einfachere Anleitung zum Handeln nach der CAN SLIM Methode, die William O'Neill vor vielen Jahren vorgestellt hat. Die Methode ist mittlerweise als sehr erfolgversprechend bekannt, und Herr Galgani schafft es, diese Methode einfach und mit Beispielen gewürzt darzulegen. Für alle, die (noch) nicht erfahrene Aktienhändler sind, ist dieses Buch hilfreich und die Investition dafür ist es allemal wert.Galgani führt den Leser Schritt für Schritt zum Ziel, unkompliziert geschrieben,- doch leider nur in Englisch. Der Verlag sollte endlich mal eine deutsche Übersetzung davon herausbringen. Selbst wenn darin von amerikanischen Aktien die Rede ist, läßt sich das System genauso auch auf den deutschsprachigen Aktienhandel anwenden. Mit dem Wissen in diesm Buch kann man viel Gld verdienen!

Having read both the original How to Make Money in Stocks and Amy Smith's "Success Stories" follow up, I found this a really useful insight in to how to start to pull it altogether. I had already started using the IBD products and placing trades, but there is so much information available, it is difficult to figure out where to begin. This is a great guide, emphasising a "Keep it simple" approach and actually pointing out where/when to use the information provided. Practical examples - as always in all the texts - grounds the book in reality. I found it well written, but some may find the US-style frustrating. Not for me, but I'm probably more sympathetic to US writing styles than most.For me, a great product that I would heartily recommend.

Very conceptual and takes you from basics to a working plan. Great with both fundamentals and technicals. Yes, it is kinda lined to the website but really excellent