Description
Price: $24.00 - $11.52
(as of Mar 17, 2025 12:03:24 UTC – Details)
The national bestseller
Anyone can learn to invest wisely with this bestselling investment system!
Through every type of market, William J. O’Neil’s national bestseller, How to Make Money in Stocks, has shown over 2 million investors the secrets to building wealth. O’Neil’s powerful CAN SLIM® Investing System―a proven 7-step process for minimizing risk and maximizing gains―has influenced generations of investors.
Based on a major study of market winners from 1880 to 2009, this expanded edition gives you:
Proven techniques for finding winning stocks before they make big price gains Tips on picking the best stocks, mutual funds, and ETFs to maximize your gains 100 new charts to help you spot today’s most profitable trends
PLUS strategies to help you avoid the 21 most common investor mistakes!
“I dedicated the 2004 Stock Trader’s Almanac to Bill O’Neil: ‘His foresight, innovation, and disciplined approach to stock market investing will influence investors and traders for generations to come.’”
―Yale Hirsch, publisher and editor, Stock Trader’s Almanac and author of Let’s Change the World Inc.
“Investor’s Business Daily has provided a quarter-century of great financial journalism and investing strategies.”
―David Callaway, editor-in-chief, MarketWatch
“How to Make Money in Stocks is a classic. Any investor serious about making money in the market ought to read it.”
―Larry Kudlow, host, CNBC’s “The Kudlow Report”
From the brand
As a leading global education company, our mission is to partner with educators, learners, and professionals to help them access all the value that education can offer, no matter where their starting points may be.
For over 130 years, we have never stopped innovating to meet the ever-changing needs of educators and learners around the world – and will continue to support and celebrate their efforts every step of the way.
Publisher : McGraw Hill; 4th edition (June 8, 2009)
Language : English
Paperback : 464 pages
ISBN-10 : 0071614133
ISBN-13 : 978-0071614139
Item Weight : 2.31 pounds
Dimensions : 5.6 x 0.9 x 8.9 inches
Customers say
Customers find the book provides valuable information and lessons on buying and selling techniques. They describe it as an excellent, modern reissue of a classic. Many consider it a must-have for value investors. The principles are simple and easy to understand. However, some readers feel the reading quality is dull and hard to continue reading. Opinions vary on the ease of understanding, with some finding it fairly easy to read and understand, while others find it written like a text book.
AI-generated from the text of customer reviews
Bernard –
The rules probably apply to other stock markets outside USA.
I have just received the book last week. I have read quickly and roughly thro’ some chapters of the book. My first impression is that the rules are highly probably good for making optimal profits from stocks. But it is easier said than done. I need to read this book again and again in order to fully understand the concepts. The graphs are difficuly to interpret. The author seems never use candlestick, RSI, stochastics, flags or triangles . Well, all those technical analysis tools are not scientific (it is not Law of Physics) and could be fooled and tricked by those large hedge funds. O’Neil is more practical. From his book he doesn’t even use those “open, high, low, close” bar charts. He only uses “high, low, close” chart. Very simple ! The first chapter in this book is very practical . Most of the graphs have stock price at the right and EPS at the left axis !!! This is very usefull and I can see how the stocks’ prices go with the EPS in a given period of time frame. I have never seen graphs like this !!! It would be even better if the graphs are magnified many times and become more detailed. But then I probably need to subscribe to Investor’s Business Daily in order to see the details. I would like to see some more details in the graphs , such as some breaking news in some certain dates in the graphs. But then the graphs in the book are too small and not much space left.Unfortunately I don’t live in USA and I don’t have any experience on those US stocks. Of course I know those great brand names such as Google, Yahoo, IBM, Cisco (you name it) etc. but I don’t know how to make fat profits from these great stocks (only in their best time frames of high speed growth) . I only trade stocks in Hong Kong and most of them are stocks of mainland China enterprises. Now I consider trading US stocks. I think about subscribing IBD .Unfortunately in Hong Kong I don’t know how to get the RS (relative strengh) rating for those Hong Kong stocks and we don’t have something similar to IBD.But then it seems at this moment there is not yet any great monster stocks in USA. I am not sure. The fundamentals change a lot after the Lehman Brother crises in 2008. The people in USA now have a higher saving rate. And the unemployment is high. I have to choose stocks very carefully.I like this book much much more than those pure technical analysis books. Those pure TA books are not too useful for me. For example, some TA books have statistics of certain pattern’s successful rate etc. Some TA or stock chart books also discuss the “Cup and Handle” pattern and talks about percentage successfull rate. It has absolutely no mention of the fundamentals of those stocks with the “Cup and Handle” pattern. So these books are too obsessed with the meaningless statistics. They are useless !!!And O’Neil’s book is far better than those whole bunch of Warren Buffett’s books. I am tired of those Warren Buffet’s books that keep talking about the good old days of some historical stocks such as Coca Cola, Geico, etc. Well this is old history. Don’t dwell in those antique stocks. Let’s move on to some new stocks.O’Neil’s book is different. He even teaches you how to make fat profits of those final stage high speed run with unbelievably high PE.
Edmund P. Leigh –
William O’Neil Shows the Way to Gain Wealth Systematically
William O’Neil the author has just published his magnum opus and its a wonderful book to show the small investor how to attain wealth in an effective and systematic fashion.This book is a guide to understand how the Stock Market really works. William O’Neil perfected his CAN-SLIM method in the 1960’s to make himself a multi-millionaire. He felt that his investment system was something most people could learn so he launched a newspaper in 1984 called Investment Business Daily (IBD) to teach small investors how to invest well and increase their net worth significantly.During the go-go Bull market years of the 1990’s IBD reached a subscription level of over 300,000 subscribers and competed head-on the the venerable and established Wall Street Journal (WSJ). I am convinced IBD is the superior newspaper because it specifically teaches the small investor how to outperform Mutual Funds by using the small investor’s main advantage – the ability to get in and out of the market quickly. This advantage when properly used allows the small investor to avoid the major damage of a huge Bear market downturn such as in the case of 2001-2002 and also in 2008. Mutual Funds being so heavily invested with billions of dollars of stocks are not so nimble; consequently they usually take heavy losses during large market downturns such as in 2008.His system is called CAN-SLIM. It is a complex set of rules; so allow yourself two years to learn the basics. You will have to master the reading of technical charts and understand fundamentals of various companies. You need to understand concepts such as Sales, Earnings, Return on Equity (ROE) , how Mutual Funds operate, accumulations, distributions, relative price strength (RPS), cups and handles, breakouts, 50-day moving averages, base failures, puts, calls, pivot points, double bottoms, growth stocks vs value stocks, accumulation days etc. Understanding these concepts is not for the faint hearted; there is a lot to learn.O’Neil will show you the way with his book. Unfortunately the rules are very, very counter-intuitive and contrary to so called “conventional investment wisdom” and what most investment pundits advise. It will probably go against everything you have been taught in life. That is why most people have difficulty applying CAN-SLIM methods because it is so counter-intuitive. For example: What really works well is to buy high and sell higher. We are conditioned to buy low and sell high. This latter approach is not effective in the stock market but most people buy in the “conventional wisdom” manner and in many cases get clobbered. 98 % of individual investors buy stocks this way and it is not effective. You also need to know when the Bear Market is coming so you can exit and go to cash for safety. IBD provides the early warning indicators when the Bear is near.There is much to learn in order to win against the Stock Market and how it really works. But it can be done ! To do so you need to be a hard worker and be able to learn from your mistakes. Learning CAN-SLIM is similar to learning upper-level math courses such as statistics. There are no royal roads or shortcuts in learning and applying CAN-SLIM rules. It is not an easy subject to learn. You should also have access to the Enhanced Daily Graphs to see both the Fundamental and Technical Analysis displayed on one page. You will need these tools to win this financial war; these tools provide the key financial intelligence to let you know what is really occurring in the world of the stock market.I also recommend you keeping notes in a journal of some type. This will help you to learn the skills needed. You must also develop a skill in reading the charts to understand the psychology of what is happening in the market place. There are about 100 charts of past winners to study which provide the guide for picking future stock winners if you are able to recognize the patterns. If you can read the past history well you can predict the future. It will appear like you are looking at Latin and Greek symbols at first and will seem unintelligible for awhile but after much practice you will readily start seeing patterns. These patterns provide the entry and exits points for effective stock buys.Why is learning this method so hard ? Here are some of the key CAN-SLIM rules that must be mastered if you do not want to financially hurt by the Stock Market:1) Buy stocks above $ 20 per share at the optimum pivot point in a buying surge during a strong Bull Market and sell at a higher price.2) Always cut your losses at 7 – 8 % when buying.(Most important rule).3) If initially successful; pyramid your buying up.4) Stay in cash during a Bear Market.5) Never argue with the Stock Market; it is always right.6) Concentrate your stock buying and watch your stocks closely.7) Do not over diversify.8) Read the investment classics by Jesse Livermore, Gerald Loeb, Benard Baruch and Nicolas Darvas. They are the pioneers in this field and the teachers that William O’Neil discovered after reviewing over 2000 stock investment books in the early 1960’s. Only few authors such as Jesse Livermore and Gerald Loeb were deemed worthwhile. William O’Neil learned their methods, added some of his findings and crafted their wisdom into a complete and effective but complicated system called CAN-SLIM.9) Keep your ego in check. Stay objective. Don’t celebrate too much when you win; Don’t get depressed when you get losses.10) Keep your gains big & Keep your losses small.11) Buy high and sell higher (very counter-intuitive !)12) High diversification of stocks ensures mediocrity; Concentration in the right stocks leads to large gains.13) Yearly gains of 20 – 100 % are possible in strong Bull markets while in Bear Markets your capital is preserved.I have also subscribed to the Wall Street Journal (WSJ) for twenty (20) years. But the WSJ does not provide the information that is in IBD. IBD is unique and is an investment education conduit for people who are active learners and who wish to increase their net worth significantly.The WSJ has some good in-depth articles on business news but doesn’t inform the small investor when to be in or out the market or how to pick the best growth stock leaders. This is the gap which IBD fills ! I am convinced IBD is by far the more valuable newspaper for the small investor.Effective use of the IBD tools is like a financial light sabre that will allow you to make significant financial gains especially in the first year of a strong Bull Market.These methods are for those who do not mind hard work. You must be able to learn from your mistakes and be tenacious in learning the complexities of the Stock Market. If you are looking for an easy way to make significant money you need to look elsewhere. You will not be happy trying to learn very complex and counter-intuitive concepts. If do you pursue this study; it will probably take you at least 2 years to learn CANSLIM well. It is an art as well as a science.What about actual results ? I am a Chief Engineer in Aerospace and the skills and knowledge I have picked up in the last 5 years with O’Neil’s system has added about $100,000 each year to my savings since 2006. The time I spend on it each week is about 3 to 4 hours so it is like having a second job. I have not quit my day job but with the extra savings I have more peace of mind and with three children to send thru college in the near future I am confident I will be able to do so. In short – I may not be on easy street yet but I feel like I am out of the salt mines. This CANSLIM approach has worked well for me and I hope to improve my skills in it by continued study. I plan to get better at this. This system does work well.Thank you Mr. O’Neil……you are a great teacher and wonderful philanthropist for the small investor. Highest recommendation for you, the reader to use this system to make money in the stock market.
Amazon Customer –
Great Read
Great book for anyone interested in stocks and if youâre new highly recommended. Multiple chart also to explain the stocks displayed in here.
Javichu62 –
El producto que buscaba
Wee –
Today there is a great challenge, there is so much information, information overflow of stock news, services, twitter people with so many ideas and thoughts.The problem in many cases is that everyone wants to solve “the problem” when the problem itself has really already been solved and the solution is out there, or at least the foundation of the solution is put out there. Yet still the mind will want to find its own way and it’s so easy to get lost in that labyrinth of problem solution.This book outlines what to buy and when to do so, but also when to sell, and its important to keep track of those rules, like any successful project, your trading is a project, you must set guardrails and follow them, no matter how much that initially may hurt you or your feelings, take the loss, pull the stop, save the rest of the money and put them to use in the next WINNER.If you manage to do this, and stay OUT of twitter, you will one day wake up as a big winner.
markop0olo –
Nie bÄdÄ siÄ rozpisywaÅ, Åwietna ksiÄ Å¼ka. Autor uważa, iż schematy przedstawione sÄ ponad czasowe, po czÄÅci siÄ zgadzam, lecz przeczy to logice. Każdy moment na rynku jest unikalny, nigdy nie wiadomo jak zachowa siÄ rynek(ludzie) w danych okolicznoÅciach, lecz sÄ pewne cechy, które paradoksalnie siÄ powtarzajÄ . Ta ksiÄ Å¼ka ujawnia te cechy i uczy dużo wiÄcej
Anónimo –
Libro que hay que leerse varias veces. Viene con mas de 100 gráficos con explicaciones para que aprendas. Explica volumen, la lógica para las growth… Librazo!!!
Cliente Kindle –
I liked a lot. Sure this shortened my learning curve to trading, lessons which I would take years to learn, I already know from reading this amazing book. Highly recommend it!