Stan Weinstein's Secrets For Profiting in Bull and Bear Markets Paperback – Jan 22 1988
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Top Customer Reviews
Weinstein writes in a very accessible style. And he includes just the topics that are necessary to be successful with TA. No complex techniques that may or may not add anything to your trading results. Just the solid and steady core techniques that will let you pick out profits from the trend. Any techniques I've adopted since 1989 have just been additions to what I learned in this book, not replacements.
This book is more for the position trader than the swing trader. It's all about riding Stage 1 (stock going up) and Stage 4 (shorting or avoiding stock going down). If you've read Nicholas Darvas' How I Made $2,000,000 In The Stock Market you'll notice that Darvas basically stumbled on some of the core principles that Weinstein describes.
This book really doesn't have any secrets. It's just that Weinstein kind of follows the 80/20 rule. 20% of TA techniques give you 80% of the profit. Most other books confuse people by jamming in the other 80% that only gives you 20% extra and losing the core principles in the process. With Weistein the core principles stick out like a sore thumb.
I believe this book and CAN SLIM can work together or you can use them separately. In fact I was surprised at the number of things that were similar in Secrets for Profiting... compared to How to make money in stocks. Things such as "Buy high, sell higher," ignoring P/E ratios, Relative strength, cutting losses etc... it was a very good book to confirm that the CAN SLIM methodology works.
There was one glaring difference between CAN SLIM and Weinstein's methods. Weinstein doesn't care if a stock is making money or not, in fact he just buys and sells based on the technical analysis of stock charts.
This book is full of quizzes charts, practical examples and easy to read definitions. And I believe this is a great addition to our bookshelves. I know it is a book I will refer back to.
If I had to throw nine of them away and keep one, I would keep this one. Well written by a great Author
and still ranks 5 stars almost everytime someone reads
it and takes time to review it.
The book expains the stages of all markets, support
and resistance, importance of volume and much, much more.
Very inexpensive and packed with knowledge.
The book won't tell you about all the indicators that are out there but it will provide insight into the critical few that you will need. If the review system had a sixth star then I would give it willingly. Buy it new or buy it used but make sure you add it to your library. The charts are from 1988 but don't let that put you off. It is the content that you are learning from not how pretty the package is.
Napoleon Hill wrote a tremendous book entitled Think and Grow Rich. The focus being having a goal, taking that first step and then building on your learnings to become wealthy in different ways. The key is to start thinking. Mr. Weinstein's book will provide that key. Enjoy this book's gift.
Most recent customer reviews
A superb book with lots of case examples and charts to familiarize the reader with key trading/chart patterns. Read morePublished 12 months ago by Daniel Kahraman
Good basic knowledge of how the markets move. The author could write a compressed version in under a hundred pages.Published 16 months ago by MD
Simply put, if you apply the concepts in this book and do your homework as the author suggests, you will get results. So many books out there lead to dead ends. Read morePublished on Dec 25 2013 by Dan
This book was recommended to me, I ahve to say this is a great read for serious Traders. It takes a few reading to get all the details, but it is worth it.Published on July 17 2013 by Kamla Ramalingum
I bought this book because I saw it on all kinds of Top 10 Lists. It certainly belongs on every investor's book shelf. I wish that I had read it ten years ago. Read morePublished on April 13 2013 by Daniel A. O'Neill
I believe the book was wrote in the late 80's. Some very good advice on going long and short. He also explains proper risk management techiques which without you should not be... Read morePublished on April 8 2013 by Len
I studied in economics and have had to read this book twice to start understanding the concepts described. To be honest I am not really sure how I feel about this book. Read morePublished on March 21 2013 by DrkDisciple
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