Title: How to Make Money in Stocks.
Author: William J. O'Neil.
Year of Publication: 1988.
Synopsis: "How to Make Money in Stocks," authored by William J. O'Neil and first published in 1988, is a classic and influential book in the field of stock market investing. O'Neil, the founder of Investor's Business Daily, introduces readers to his proprietary investment strategy, known as the CAN SLIM method.
The book outlines O'Neil's approach to identifying growth stocks with the potential for significant price appreciation. The CAN SLIM method is an acronym representing the key factors O'Neil considers when selecting stocks, including Current earnings, Annual earnings, New products or services, Supply and demand, Leaders or laggards, Institutional sponsorship, and Market direction.
O'Neil emphasizes the importance of technical analysis, focusing on price and volume patterns to pinpoint optimal entry and exit points for stocks. He also discusses risk management techniques and the significance of setting stop-loss orders to protect investments.
Throughout the book, O'Neil provides numerous examples of successful stock picks and case studies, showcasing the application of his investment principles in real-world scenarios. He encourages readers to embrace a disciplined and systematic approach to stock market investing.
"How to Make Money in Stocks" is considered a foundational work on stock trading and remains relevant to both novice and experienced investors. It offers valuable insights into the methodology and mindset required for successful stock market participation, making it an enduring resource for those seeking to build wealth through stock investing.
