How to Make Money in Stocks Success Stories: New and Advanced Investors Share Their Winning Secrets

One of my clients, a very successful investment manager, is a friend of Bill O'Neil and assures me he is the real deal. This book is a delight. It is the clearest exposition I've yet read of O'Neil's CAN SLIM approach to stocks. Now I've read O'Neil's books and two by his disciples, Morales and Karcher. I've used the methods successfully for a number of years in swing trading and longer holdings. While probably not too useful for the day trader, swing traders and investors can all benefit from this method. What sets this book apart is the clarity with which the CAN SLIM method is set forth and a close look at its use by successful, but NON-PROFESSIONAL, traders. Seeing their successes and errors adds depth and helps to understand the benefits and limits of the method. Needless to say, seeing what others like yourself can do is very inspirational. The author works for Investors' Business Daily ("IBD"), a newspaper which is very much a tool for the CAN SLIM approach. I like the paper and this book really shows how to use it to its fullest. The author is also the paper's main person in setting up "Meetup" groups throughout the country. So, it is no surprise that she urges those excited by the approach to hook up with one of these groups. She is very persuasive. This book is not as deep or technical as those by O'Neil or Morales and Karcher. Nevertheless, it is valuable and an excellent buy for anyone interested in buying stocks for maximum profit with relatively low risk.

I really enjoyed this book because it shows real life examples of investors and traders who made huge gains following the principles and strategies of William O'Neil's book "How to make money in stocks" and Investor's Business Daily. Somewhat like the "Market Wizards" series from Jack Schwager, author Amy Smith distills the principles from successful Can Slim practitioners. The book also has charts showing exact buy and sell points that the successful traders made and the specific patterns that caused them to buy whether it was a stock breaking out of a cup with handle pattern or on a breakaway gap up after earnings. Also you will see the stock charts where these investors held a stock for long periods of time and where they added to their position and how they sold to finally lock in profits on either climax top out runs or if the stock broke under the 50 day on volume. This is a gem of a book, showing how real everyday people changed their lives through the teachings of William J. O'Neil and Investor's Business Daily. Many held stocks for 25% to 100% returns and more. Many made six figure returns and even became millionaires trading the right stocks in a real bull market. The key to the system is buying the stocks in the companies that are changing the world at the right time out of of the right base in a bull market in an up trend. Most have studied the rules, principles, and concepts in IBD and "How to make money in stocks" this book shows the art of putting it all together for great investment returns out of the mouths of the people who already did.

This is a unique book about William O'Neil's style of active investing in growth stocks, otherwise known as the CAN SLIM method. Author Amy Smith uses a martial arts metaphor to take the reader from beginning concepts (white belt) to advanced material (black belt) and beyond (Grandmaster - O'Neil himself). What makes the book unique among investment books are the numerous anecdotes from investors who utilize O'Neil's methodical investment system. The people included are a special set of investors who have achieved a measure of success, some spectacular, using O'Neil's CAN SLIM method. Some are portfolio managers at his company; many are individual investors who participate in meetup groups organized around the country and world for subscribers to O'Neil's publication Investors Business Daily (IBD). Most have suffered setbacks along their journey to investment success. The description of their mistakes and lessons learned is what I find unique among investment books on my bookshelf. The CAN SLIM method is described in detail, although this book is not the Bible of that method; that would be William O'Neil's original book "How To Make Money in Stocks." This book focuses on the application of the method. It adds a list of sell rules that I find helpful and not so clearly defined in O'Neil's other books. One professional investor who has run a hedge fund for 20 years using the CAN SLIM methodology mentioned to me that knowing when to sell under that system is its most difficult aspect in practice. This book may help in that area. The book is nicely formatted and easy on the eyes to read. Embedded in each chapter are text boxes outlined in red labeled "Key Points" that make it easy to reference the trading rules and guidance presented in the chapter. Each chapter includes numerous annotated stock charts for visual reference to points presented in the narrative. I found the final chapters most enlightening. These include "Black Belt Trading: Investing Like A Pro," Grandmaster: Legendary Investor Bill O'Neil," "The Method of Our Success by W. Scott O'Neil" and five appendices. The final appendix is a daily routine for investors organized by author Amy Smith. It is a good starting point for any investor to craft their own daily routine and not miss any important actions. From one perspective, there is a great deal of promotion for O'Neil's investment information products and workshops. While this appears self-serving, and no doubt is, the fact is that O'Neil's products are genuinely valuable to investors both amateur and professional, and they are reasonably priced in my opinion. It is easy for anyone with experience trading to dismiss a book that spends a good deal of time on the basics of investing as too elementary to be worthwhile. I also note some reviewers correctly note the omissions in published market calls by O'Neil's company on one of the first charts that illustrates the importance of trading with the trend. Regardless, this book contains clear guidance, a useful compilation of tested CAN SLIM trading rules and real-world examples from dozens of trading careers. I expect to use it as a reference book on this investment style because the "Key Points" sections make it almost an encyclopedia on the method. I rate it four stars.

Amy Smith does an excellent job of sharing many different success stores of people who use Investor's Business Daily (IBD) to trade stocks. I have been an IBD subscriber for years, but haven't had the time to put the system into practice. IBD and inveestors.com do an excellent job of providing subscriber with the data they need to succeed. If you are new to IBD, you should start with William J. O'Nell's book "How to Make Money In Stocks". That is where we all start. If you have some doubts as to whether IBD can help teach you to succeed. then read Amy's book. This book chronicles many individuals who have used IBD, and made a lot of money. Most are individual investors, working part time. Each has their story, and describes their weekly routine, and which IBD features they use. After reading this book, you'll walk away with the understanding that being successful is posible. IBD has many tools to teach investors. Some are free, such as the weekly radio show that Amy and Matt run. Also, the daily market wrap videos and Daily Stock Analysis videos are free, and demonstrate how to evaluate stocks. IBD offers some free traiing as well, and severl full-day in depth training classes as well. I've attended most of their paid training sessions. They are excellent. All in all, the folks at IBD and investors.com are honestly committed to helping individual investors in the stock market.

Amy's book, "how to make money in stocks, success stories", is an inspiring read for those familiar with Bill O'Neil's system, additionally it's a good primer for new passionate investors. Amy highlights the journey of professional and non professional traders who eventually find a turning point before they make enormous gains in the stock market. The turning point is usually reading "How to make money in stocks How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition " by Bill O'Neil. Bill is to investing what Steve Jobs was to computers, what Michael Jordon is to basketball... Through hard work, determination, practice, you too can achieve extraordinaire results in the stock market. If you are a new investors, this will book will provide a shortcut to the turning point of how to make money in stocks. Amy shares insights how network for free and sign up for local meet up groups, and many of the tools on investors dot com, and play a free investing game on marketsmith dot com, just click on the "chart arcade tab". If you have read Bill's book (how to make money in stocks), this is a great add on, it reviews the basics, has tons of Bill O'Neil quotes, a chapter written by Bill, additionally a chapter written by Scott who shares insights on how IBD runs shop and insights of his father!

If you like reading about other peoples success and getting a box of 3 to 7 key points mentioned after every2 to 5 pages of text, then this book is for you. Amy has put in about 45 KEY POINT boxes and about 60 full page stock charts in the 200 pages. That means a key point box every 3 pages of text. There are so many of them they blend into one another without an identifiable orderly manner. The book is packed full of all the iBD system key items to consider when investing in stocks and a much easier read than O'Neil's How to Make Money In Stocks. On the other hand, Matt Galgani has put out a book that probably has as many ACTION STEPS in it as does Amy's Key points, but it has a very easy to follow methodology. Matt's book also has a web page associated with it with short videos on most of the chapters. The videos are so good, I feel I could have skipped reading the book and just watched the videos. But, the combo of a well organized book and videos is sure to hit a home run with those who purchase the book

Honest interviews of growth stick investors from beginner to very experienced using the William O'Neil CAMSLIM investing system. Its an encouraging read to know you can do it too!

Very good book. I like the way it's formatted and it was different than I expected. The CAN SLIM system is repeated in this book so if you read the other How to Make Money in Stocks books you're not going to get anything different. Reading how others have used the system is worth the read, at least it was for me. The way the book is structured is it talks about the system you'll use with IBD. This reads like a big advertisement for all of IBD's services, but all of the How to Make Money in Stocks books do that. After if goes through the IBD system then it goes through how other people have used the system. The only thing I didn't like was it doesn't talk about the cons of the system and what to look out for. You'll spot some pitfalls here and there, but it really doesn't give you an honest overview of how it is to invest. You're not always going to have the rosy returns the book describes. The other way the book is structured is it will give you a host of examples from other users first and then highlight their methods in an overview. I like the way it is structured because it makes it very easy to go back and review. I'm reading on the kindle and kindle app for the iPad and the way it is written makes it easy to go through the pages and find good advice. The advice is very good and not everyone in the book goes about picking stocks in the same way. You'll find that a lot of the methods are similar and the methods I see popping up the most are the ones I implement into my own strategy. I also did not mind the repeated overview of the CAN SLIM system. I actually found that the way she wrote it out was easier to understand. Reading these books can be hard to get through because it does feel like an advertisement than a strategy book, but their strategies are a part of the services IBD provides. I've used the IBD strategies and services. I have earned more than I've lost, so I do love the system. If it just so happens you have no idea if you want to purchase a subscription to IBD I would recommend you do get it. Especially the two week try out. I got a two month digital edition try out for just $25. If you can find that, that's a good value. I personally do not subscribe to the paper. I think it's a waste. I get the digital edition. The digital edition offers you the online services as well as access to the newspaper through the IBD app. I like the app because I can go through a number of previous issues and I can get the current issue by 2AM. The digital issue is cheaper and the paper edition will tack on a few more dollars. It's not worth it unless you just like newspapers. You'll get the same services with just the digital edition alone.

Found this very useful and inspirational. There is plenty of advice on how to use the CANSLIM system, which for those who don't know, is the William O'Neil Investors Business Daily way of investing. (Google it if you don't know. It is a method you could apply to other equity markets than the USA, if you were prepared to do a lot of homework, and of course the technical analysis part of the system is a common breakout pattern. But the O'Neil system is applied to stocks which have the wind behind them on fundamentals as well as technicals The great thing for me is that this book is filled with many many well illustrated and clear Charts (still to digest this part of it) and inspirational stories of how ordinary punters have made good in applying the principles of CANSLIM and the difficulties they encountered along the way. And the third most important bit of it is that "cut your losses and let your profits run" and the difficulties in doing that permeates the whole book. This is a great message and central to any style of trading. So I give it five stars- its the best O'Neil book I have read, providing inspiration way beyond the CANSLIM formula.

Nice book

Nachdem ich den Klassiker von O'Neil gelesen habe, fand auch dieses literarische Schriftstück seinen Weg in mein übervolles Regal voller Investmentbücher. Das Buch enthält keine signifikant neuen Informationen, sondern wiederholt vielmehr das bereits Bekannte aus den anderen Büchern von O'Neil. Bekanntermaßen lernt man aber durch WIederholung, daher hat dieses Buch mir bestimmt irgendwie dabei geholfen, mein Wissen zu konsolidieren.

I definitely recommend this seller.

This is a great book. Any CANSLIM beginner or advanced level should read this book to do well in the stock market. This is a book about people from other profession who did quite well over the years using the basic traits of CANSLIM methodology. Amy smith also hosts the weekend weekly show on stock market. Once you read the book you will feel like exploring the IBD and marketsmith again. The story of Barbara James is itself worth the price of the book. She later came on to a radio show last week, she doesnt do anything fancy but just play by the rules. Here were her golden tips on the radio show 1. Always buy in an uptrend. 2. Focus on the sector leaders in the research table. 3. Buy when a stock breaks out in a confirmed uptrend. 4. Buy only the top couple of stocks to maximize your profit. 5. Share what you learn go to Meet up groups. 6. She bought 3D systems on Nov 26 and is already up 35% or more. These are my tips 7. Dont chase a stock more than 5% from pivot point. 8. Go through growth 250 stocks in market smith. 9. Go through the screen rs at relative new high and IPO stocks 10. Listen to all the webinars of Scott O Neil and William O Neil. 11. Learn about new company at the New America section. 12. Keep on learning . 13. Stock market is not a place to keep your ego it will humble you sooner or later. 14. People like Barbara James , Amy Smith, William O Neil, Scott O Neil, Jesse Livermore come once in a lifetime always be grateful to them they teach you their years of wisdom. 15. Dont short a stock. Plungers never make money. Look at the latest example of Netflix it jumped 70% in 2 days. There was more than 25% short interest. 16. Keep revising your rules again and again. 17. Focus on top 10 of the IBD 50 stocks 18. Concentrate on stocks in the spotlight. 19. Buy stocks from the leading industry group preferably the first 40. 20. Good industry group always has couple of great stocks. 21. Be in cash during downtrend but keep your stock list upto date. 22. Cut your losses short at 3% from your buy point remember its your hard earned money. 23. Watch when a good stock after a good run forms another base or comes back to 50 day ma these are you great areas for add on buys. 24. A good leader will be around for 18 months so it will offer multiple chances to buy and sell but try to hang on to leaders. 25. Spread the knowledge of light people will always remember you. Remember banks dont give free advice nor do the brokers they only take their commission, remember the big crash of 2008 they didnt come to your rescue so keep on learning keep expanding your network through meetup groups. I have been with IBD and marketsmith since 2005 and have profited immensely from it both in good times and bad times. This book is well written by Amy smith. Over the years I had the privilege of listening to Ken Shreeve, Chris Gessel, Mike Webster, Charles Hefner, Scott O Neil, William O Neil through the IBD level 1 , 2 3 level courses their various radio shows. I call Investors Business Daily the bible of investment. Over the years I have observed the various stock charts in the marketsmith. I only buy stocks at pivot point and sell it at the 20% profit threshold and buy them only when the market is in a uptrend. I never argue with the market when the big picture says market in correction I am 100% in cash waiting for the next uptrend while keeping my watch list up to date. These books are all tools but one matures with time and excels in it. The more home work one does the more he reaps. I am senior electrical engineer with 14 years experience my day job is very intense as I work with semiconductor chips. Yet during my lunch time during weekend I go through stock screens , charts and am in sync with the market. Like engineering investment is a never ending journey you learn and innovate on something. Whenever I made profits whether it was Michael kors, Celgene, Equinix, Ryland homes, solar winds, rackspace hosting, I always tell people in marketsmith about it whom I have known over the years . I have known one person Irusha Peiris since march 2009 when I first trading in Netflix and we shared lot of moments along the way . I also blog in my linked in account.