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Stock Investing for Dummies (For Dummies)
John Wiley & Sons Inc (
02 July, 2002 )
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Excellent Introduction to Stock Trading  |
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I have found this book to be very informative. The advice given in this book is very sound and solid and not one of these "Get rich quick on the stock market" types of books. The principles are described in a very easy to understand manner and makes for very easy reading. The book is more applicable to someone wanting to trade on the American markets but is also adaptable to foreign markets.
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THIS BOOK SHOULD OWNED BY ALL INVESTORS  |
I have read about a dozen books on how to invest in stocks. And Im here to tell you, this is undoubtedly the best. The man has been there done it. Whatever mistakes youve made in buying and selling stocks, hes done it. And in this book, he is passing along his wisdom so that you can learn from his past mistakes and get on the road success. If you havent been beating the market averages and making a lot of money in the last few years, then its because you are not following William ONeils CANSLIM method. CANSLIM is an acronym that defines his trading principles. These principles are the active ingredients that make a stock rise. Take it from me, give up on your hit and miss approach to investing. Begin today on his sound and proven methods of investing and youll soon be glad you did. Do you know anybody who have lost or is down more than 50% of their trading capital on a stock? I do. Many of my co-workers have ridden stocks down to over a 70% lost. Now they are stuck in a stock or stocks they cant afford to sell. And worst of all, they are stuck when the market averages are soaring to heights. (Thats gotta hurt. I know. Ive been there). ONeil methods wont let this happen to you.To be honest, I was a slow learner too. So,let me take you back a little bit. I first picked up this book in 92, read it, got excited but then went back to doing it my way. I picked it up again in 94, read it and made a note in the book that a company stock called DELL fit the profile of his CANSLIM methods, set the book down, forgot about it and went back to doing things my way. (Didnt buy DELL in 94) Finally, early last year of 98, I again picked up the book and read it. This time I saw a little note that I had written in the book in 94 about DELL and thought to myself why was I so stubborn about doing it my way that I missed out on so much valuable time and money. Since then, Ive bought the stock and a few others that have catapuled my portfolio balance to over 200%. Now that feels real good. Like me for the first time, youll probably understand most of what he says in the book but you may not relate to what he says entirely until youve been practing or getting your feet wet in the stock market for a little while. Since buying and selling stocks is not a perfect science but rather an art, you will need to go back and reread the book many times over while youre in the market before youll truly get it. My only critism about his CANSLIM method is that he steers you towards buying stocks with a low number of floating shares which indicate small to mid cap stocks because he says these stocks have the greatest upside potential. I disagree because hitech stocks like Dell, Microsoft, AOL, and Cisco that have gone global can still grow very rapidly if not faster than some of the small guys. Other than that, armed with this book and his Investors Business Daily, youll be able to achieve the returns that youve always wanted.
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Very Profitable!  |
I read this book in 5 days, read the common mistakes section 3 times, sold a big looser and invested in high growth stocks. That was 3 weeks ago. I saved $9000 on the loosing stock and gained $12000 on the growth stocks!!!!!The stock selection criteria is a breath of fresh air. It is written in a direct logical manor packed full of essential tools. You cant fail to pick the best stocks, 90% of it is common sense. The Market direction and chart reading chapters are debatable,as the book picks up almost any scenario. However there are some situations that are very true, so do not miss it out. Overall His system CANSLI is excellent and should make you a lot of money as long as you are confident on the market direction.
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