Investing's simple but that doesn't mean its easy. This book shows that to be oh so true. In the last two months I have read somewhere around forty books on stock market investing and trading, and this is by far in the top five of books. CAN SLIM is a brilliant investing strategy, that if utilizied correctly can make you a fortune in the market. I started off with a thousand dollars in March--though I had much experience while working in High School with a man who was trading stocks for a living--I lost five hundred dollars, and then, through using this strategy, I've turned it into three thousand dollars. More now, SWM set off many indicators that I learned to look for in this book, and three others, and have made nearly another thousand dollars. I have missed and made a mistake on at least twelve or so stocks, but with an eight percent stop loss, my losses were minimal, and far outweighed by the seven winners I had.
This book has simple rules:
Buy with a continuing earning growth
A growth in price and volume
Look for chart formations
New Product
Follow the Leader
Institutional Sponsorship
and the overall market direction
Never buy long in a bear market, never sell short in a bull market--these are rules to live by. A cliche that is rarely heard on Wall-Street.
The other important books every investor should read that has been the biggest help to me are
How I made $2,000,000 Dollars in The Stock Market by Nicolas Darvas (a big influence on William O'Neil)
Wall Street The New Las Vegas by Nicolas Darvas (which explains Darvas style and certain indicators that are very important)
Stan Weinstein's Secrets for Profiting in Bull and Bear Markets by Stan Weinstein
How to Trade Stocks by Jessee Livermore (his pyramid method is an inspiration for adding on to winning positions)
Trend Following by Michael Covel
Battle for Investment Survival by Gerald Loeb (a very important influence on William O'Neil)
You can't go wrong with this book.
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