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How is it that so many traders and investors lose money in the market, while others--like authors Gil Morales and Chris Kacher--have shown the ability to earn huge returns on investment? As Bill O'Neil himself says, "Human nature being what it is, 90% of the people in the stock market--professionals and amateurs alike--simply haven't done enough homework." Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market is your homework. And if you invest in the market, you can expect that there will be a test involving your own money.
The result of years of observation and the subsequent application of the commonsense rules learned, Trade Like an O'Neil Disciple details the small realities that make up the stock market, including:
- The importance of a 6-7% automatic stop-loss policy on stock purchases
- Sit tight and be right, or "take your profits slowly"
- The value of psychological capital, and how mastering your own psychology allows you to operate from a position of strength
- Position concentration, and how diversification--"kissing all the babies"--is unnecessary
- How timing the market is possible and necessary, despite claims to the contrary by those who can't
- Mistakes novices or lazy investors make, such as averaging down or purchasing only cheap stocks
- How O'Neil applied historical precedent to box theory to come up with consolidation patterns ("bases"), such as: ascending; cup-with-handle; double-bottom; square box; flat base; and high, tight flag
- Using early buy points in the form of "pocket pivots" to gain an advantage in difficult market environments
- Using gap ups as buy points to jump on board of some of the most powerful stocks
- The finer points of O'Neil-style short-selling techniques
It took years to identify, analyze, catalog, and verify the characteristics of winning stocks for O'Neil to finally perfect his system. Authors Gil Morales and Chris Kacher save you the time and--if you're an investor, money--by bringing together in one comprehensive guide, the commonsense investment philosophies that allow them and you to Trade Like an O'Neil Disciple.
How is it that so many traders and investors lose money in the market, while others--like authors Gil Morales and Chris Kacher--have shown the ability to earn huge returns on investment? As Bill O'Neil himself says, "Human nature being what it is, 90% of the people in the stock market--professionals and amateurs alike--simply haven't done enough homework." Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market is your homework. And if you invest in the market, you can expect that there will be a test involving your own money.
The result of years of observation and the subsequent application of the commonsense rules learned, Trade Like an O'Neil Disciple details the small realities that make up the stock market, including:
- The importance of a 6-7% automatic stop-loss policy on stock purchases
- Sit tight and be right, or "take your profits slowly"
- The value of psychological capital, and how mastering your own psychology allows you to operate from a position of strength
- Position concentration, and how diversification--"kissing all the babies"--is unnecessary
- How timing the market is possible and necessary, despite claims to the contrary by those who can't
- Mistakes novices or lazy investors make, such as averaging down or purchasing only cheap stocks
- How O'Neil applied historical precedent to box theory to come up with consolidation patterns ("bases"), such as: ascending; cup-with-handle; double-bottom; square box; flat base; and high, tight flag
- Using early buy points in the form of "pocket pivots" to gain an advantage in difficult market environments
- Using gap ups as buy points to jump on board of some of the most powerful stocks
- The finer points of O'Neil-style short-selling techniques
It took years to identify, analyze, catalog, and verify the characteristics of winning stocks for O'Neil to finally perfect his system. Authors Gil Morales and Chris Kacher save you the time and--if you're an investor, money--by bringing together in one comprehensive guide, the commonsense investment philosophies that allow them and you to Trade Like an O'Neil Disciple.
GIL MORALES is the author and publisher of [...] coauthor and publisher of [...] a former proprietary internal Portfolio Manager and Chief Market Strategist for William O'Neil + Company; and is currently a Managing Director of MoKa Investors, LLC. He also co-authored, with William J. O'Neil, the Wiley title, How to Make Money Selling Stocks Short. Mr. Morales received his BA in economics from Stanford University.
CHRIS KACHER is a frequent contributor to [...] coauthor and publisher of [...] a former research analyst and proprietary internal Portfolio Manager for William O'Neil + Company; and a Managing Director of MoKa Investors, LLC. He received his BS in chemistry and PhD in nuclear physics from the University of California at Berkeley.
Foreword xi
Preface xiii
Acknowledgments xvii
Chapter 1 The Evolution of Excellence: The O'Neil Trading Method 1
Preparation, Study, and Practice 2
Buy Expensive-Not Cheap-Stocks 4
Averaging Down 5
Cutting Losses Quickly 5
Taking Profits Too Soon-Letting Your Winners Run 6
Position Concentration 7
Dealing in Big Stocks and Institutional Sponsorship 8
Chart Patterns 9
Pivotal Points versus Pivot Points 12
Timing the Market: When to Be In, When to Be Out 13
Emotions and Predictions 14
Listening to Opinions, News, and Tips 15
Overtrading 16
The O'Neil Approach: Techno-Fundamentalism 17
Conclusion 17
Chapter 2 How Chris Kacher Made Over 18,000 Percent in the Stock Market Over Seven Years 19
Gaining a Foothold in the Business 20
1996-"Y2K" Stocks Put Me Over the Top 22
1997-Keeping Profits during the Asian Contagion 27
1998-Demoralization Sets In Just Before the Market Takes Off 29
1999-The Bubble Expands 31
2000-The Bubble Bursts 35
2001-A Lesson in Shorting 37
2002 to Present-Choppy, Sideways Markets and the Birth of the Pocket Pivot 39
Chapter 3 How Gil Morales Made Over 11,000 Percent in the Stock Market 43
A Rocky Start Turns Golden 44
Climbing on Board the Rocket Ride 46
Joining the 1,000 Percent Club 49
Oracle Bubbles Up 50
Patience and a Watchful Eye 53
Cleared for Take-Off 54
Verisign: The "Spice in the Soup" 56
Sitting Not Thinking 60
Closing In on the Top 62
The Theme of Success 64
The Secret Ingredients 65
Chapter 4 Failing Forward 67
The Psychology of Success Lies in Taming the Ego 68
Learning from Our Mistakes 72
Problems, Situations, and Solutions 107
Conclusion 125
Chapter 5 Tricks of the Trade 127
Dr. K's Laboratory: The Pocket Pivot Advantage 128
Characteristics of Pocket Pivots 131
Definition of a Pocket Pivot Buy Point 132
Pocket Pivots and Standard Breakout Buy Points 133
Buying "in the Pocket" 136
Bottom-Fishing with Pocket Pivots 149
Continuation Pocket Pivots: Using the 10-Day Moving Average 153
Improper or "Do Not Buy" Pocket Pivot Points 157
Using Moving Averages as Sell Guides 163
Dr. K's Laboratory: Buying Gap-Ups in Leading Stocks 165
Selling Techniques Using the 10-Day and 50-Day Moving Averages 173
Putting It All Together 177
Conclusion 185
Chapter 6 Riding the Bear Wave: Timely Tools for Selling Stocks Short 186
The Golden Rules of Short-Selling 187
Short-Sale Set-Ups 192
Shorting Rocket Stocks 221
Conclusion 224
Chapter 7 Dr. K's Market Direction Model 226
Timing the Market 226
Chart Examples 234
Stealing the Model's Secrets 243
Timing Model FAQ 244
Conclusion 259
Chapter 8 Our Bill of Commandments 260
Misconceptions 260
Surviving by Keeping Ego in Check 263
The First Commandment 265
The Second Commandment 265
The Third Commandment 267
The Fourth Commandment 267
The Fifth Commandment 267
The Sixth Commandment 268
The Seventh Commandment 268
The Eighth Commandment 268
The Ninth Commandment 269
The Tenth Commandment 269
Conclusion 270
Chapter 9 In the Trenches with Bill O'Neil 272
1997-1998 272
1999-2000 286
The Great Bear of 2001-2002 307
2003-2005 Bull Market 318
Conclusion 329
Chapter 10 Trading Is Life; Life Is Trading 331
Ed Seykota: Teaching a Technique That Has Helped Traders around the World 332
Eckhart Tolle: Helping People Achieve Inner Peace and
Greater Fulfillment, a Prerequisite to Optimized Trading and Living 334
Esther Hicks: Teacher of the Law of Attraction 340
Jack Canfield: Seminal Works on Personal Optimization 341
Psychological Checklist: Questions to Ask Yourself 343
Parallels between Teachings 345
In Conclusion 346
Appendix Dr. K's Top 50 Wall Street Books 347
About the Authors 351
Index 353
Erscheinungsjahr: | 2010 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Importe, Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Buch |
Inhalt: | Gebunden |
ISBN-13: | 9780470616536 |
ISBN-10: | 0470616539 |
Sprache: | Englisch |
Einband: | Gebunden |
Autor: |
Morales, Gil
Kacher, Chris |
Hersteller: | Wiley |
Verantwortliche Person für die EU: | Produktsicherheitsverantwortliche/r, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de |
Maße: | 235 x 157 x 25 mm |
Von/Mit: | Gil Morales (u. a.) |
Erscheinungsdatum: | 24.08.2010 |
Gewicht: | 0,708 kg |
GIL MORALES is the author and publisher of [...] coauthor and publisher of [...] a former proprietary internal Portfolio Manager and Chief Market Strategist for William O'Neil + Company; and is currently a Managing Director of MoKa Investors, LLC. He also co-authored, with William J. O'Neil, the Wiley title, How to Make Money Selling Stocks Short. Mr. Morales received his BA in economics from Stanford University.
CHRIS KACHER is a frequent contributor to [...] coauthor and publisher of [...] a former research analyst and proprietary internal Portfolio Manager for William O'Neil + Company; and a Managing Director of MoKa Investors, LLC. He received his BS in chemistry and PhD in nuclear physics from the University of California at Berkeley.
Foreword xi
Preface xiii
Acknowledgments xvii
Chapter 1 The Evolution of Excellence: The O'Neil Trading Method 1
Preparation, Study, and Practice 2
Buy Expensive-Not Cheap-Stocks 4
Averaging Down 5
Cutting Losses Quickly 5
Taking Profits Too Soon-Letting Your Winners Run 6
Position Concentration 7
Dealing in Big Stocks and Institutional Sponsorship 8
Chart Patterns 9
Pivotal Points versus Pivot Points 12
Timing the Market: When to Be In, When to Be Out 13
Emotions and Predictions 14
Listening to Opinions, News, and Tips 15
Overtrading 16
The O'Neil Approach: Techno-Fundamentalism 17
Conclusion 17
Chapter 2 How Chris Kacher Made Over 18,000 Percent in the Stock Market Over Seven Years 19
Gaining a Foothold in the Business 20
1996-"Y2K" Stocks Put Me Over the Top 22
1997-Keeping Profits during the Asian Contagion 27
1998-Demoralization Sets In Just Before the Market Takes Off 29
1999-The Bubble Expands 31
2000-The Bubble Bursts 35
2001-A Lesson in Shorting 37
2002 to Present-Choppy, Sideways Markets and the Birth of the Pocket Pivot 39
Chapter 3 How Gil Morales Made Over 11,000 Percent in the Stock Market 43
A Rocky Start Turns Golden 44
Climbing on Board the Rocket Ride 46
Joining the 1,000 Percent Club 49
Oracle Bubbles Up 50
Patience and a Watchful Eye 53
Cleared for Take-Off 54
Verisign: The "Spice in the Soup" 56
Sitting Not Thinking 60
Closing In on the Top 62
The Theme of Success 64
The Secret Ingredients 65
Chapter 4 Failing Forward 67
The Psychology of Success Lies in Taming the Ego 68
Learning from Our Mistakes 72
Problems, Situations, and Solutions 107
Conclusion 125
Chapter 5 Tricks of the Trade 127
Dr. K's Laboratory: The Pocket Pivot Advantage 128
Characteristics of Pocket Pivots 131
Definition of a Pocket Pivot Buy Point 132
Pocket Pivots and Standard Breakout Buy Points 133
Buying "in the Pocket" 136
Bottom-Fishing with Pocket Pivots 149
Continuation Pocket Pivots: Using the 10-Day Moving Average 153
Improper or "Do Not Buy" Pocket Pivot Points 157
Using Moving Averages as Sell Guides 163
Dr. K's Laboratory: Buying Gap-Ups in Leading Stocks 165
Selling Techniques Using the 10-Day and 50-Day Moving Averages 173
Putting It All Together 177
Conclusion 185
Chapter 6 Riding the Bear Wave: Timely Tools for Selling Stocks Short 186
The Golden Rules of Short-Selling 187
Short-Sale Set-Ups 192
Shorting Rocket Stocks 221
Conclusion 224
Chapter 7 Dr. K's Market Direction Model 226
Timing the Market 226
Chart Examples 234
Stealing the Model's Secrets 243
Timing Model FAQ 244
Conclusion 259
Chapter 8 Our Bill of Commandments 260
Misconceptions 260
Surviving by Keeping Ego in Check 263
The First Commandment 265
The Second Commandment 265
The Third Commandment 267
The Fourth Commandment 267
The Fifth Commandment 267
The Sixth Commandment 268
The Seventh Commandment 268
The Eighth Commandment 268
The Ninth Commandment 269
The Tenth Commandment 269
Conclusion 270
Chapter 9 In the Trenches with Bill O'Neil 272
1997-1998 272
1999-2000 286
The Great Bear of 2001-2002 307
2003-2005 Bull Market 318
Conclusion 329
Chapter 10 Trading Is Life; Life Is Trading 331
Ed Seykota: Teaching a Technique That Has Helped Traders around the World 332
Eckhart Tolle: Helping People Achieve Inner Peace and
Greater Fulfillment, a Prerequisite to Optimized Trading and Living 334
Esther Hicks: Teacher of the Law of Attraction 340
Jack Canfield: Seminal Works on Personal Optimization 341
Psychological Checklist: Questions to Ask Yourself 343
Parallels between Teachings 345
In Conclusion 346
Appendix Dr. K's Top 50 Wall Street Books 347
About the Authors 351
Index 353
Erscheinungsjahr: | 2010 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Importe, Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Buch |
Inhalt: | Gebunden |
ISBN-13: | 9780470616536 |
ISBN-10: | 0470616539 |
Sprache: | Englisch |
Einband: | Gebunden |
Autor: |
Morales, Gil
Kacher, Chris |
Hersteller: | Wiley |
Verantwortliche Person für die EU: | Produktsicherheitsverantwortliche/r, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de |
Maße: | 235 x 157 x 25 mm |
Von/Mit: | Gil Morales (u. a.) |
Erscheinungsdatum: | 24.08.2010 |
Gewicht: | 0,708 kg |