How to Make the Stock Market Make Money for You Hardcover – Dec 1994
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Top Customer Reviews
At least, the book is an entertaining read. It is _valuable_ to learn how to get "The Stock Picture" (from M. C. Horsey Co., Salisbury Md, 410-742-3700.. but the benefit stops there.
WHAT THE BOOK PROMISES--
Ted Warren implies that most stock prices are manipulated by insiders to bilk the public out of investment dollars. If an investor can recognize the patterns, so the thinking goes, s/he can pick out stocks that have been manipulated to a low level, and know how to sell when they are at their peak.
IT DIDN'T WORK FOR ME--
--I studied the book, and got a May 2000 Edition of The Stock Picture. Using Ted's techniques, I picked out 30 likely stocks, but didn't buy them. I saved my list, waited a year, then evaluated my picks with the May 2001 Stock Picture. Not one of my picks had become profitable, at any time, in that year.
WHY DID IT FAIL FOR ME?
The Stock Picture includes a chart of the Dow Jones Avg from 1938 to present. From 1957 to 1965, when the author was making money and writing the book, the Dow increased from 416 to 1001, ie., it increased by 2.5 times. From 1993 to 2001, it went from about 4000 to 10,000, again an increase of 2.5 times. The difference is, that from about 1996 to 2001, the DOW has been wildly fluctuating, as never before. Since 1999, the upward momentum has been broken--You can see it plainly in the MC Horsey chart. We are in a volatile, unstable losers market. Ted was in a relatively stable, upward trending market. He couldn't go far wrong in 57-65. We can't go right, using the same techniques, today. But, after the next great depression, it may be useful again...
Let me give you some background. This book was written in 1966. Parts of the book are hard to understand because it is very technical. I found myself reading this book three times so far, especially when the market is down. The chapter on stocks that resist general market trends is very instructive. I have read that chapter many times.
Here's the downside to all of this. Yes, I have made money based on his methods, and I firmly believe that anyone can. However, there are several issues involved here. One, you have to be realllllly patient. This is not some silly get rich quick scheme. This is a very standard buy and hold strategy like you've already heard about before. Another issue too that is very important that many people overlook is that when a stock is in a down period for a long period of time, don't buy it until it shows signs of life (breaking the resistance). This is why people lose money. The book doesn't really cover that subject very well, but the monthly newsletter The Investolator does. The problem of course is that after you buy this book, then you want or need to subscribe to the newsletter. The monthly newsletter is very informative and fills in a lot of the missing gaps particularly about when to enter a trade. Quite honestly, as much as I like the book, the monthly newsletter is a necessity for me. I can already hear the howls across the land. Yes, you've got to spend more money which makes many people wonder. I can say without reservation that the book combined with the newsletter is an excellent investment. I've been a subscriber since October of 1998. It's worth it.
Allow me to give a couple of examples.Read more ›
Most recent customer reviews
Have read a TW book twice in life... in college and failed to see the wisdom... and this book about 5 years ago. Read morePublished on Dec 9 2003 by grantg2
It is amazing how simple the techniques used and taught by Ted Warren are to be successful in the stock market. Read morePublished on April 10 2002
Ted methods truly work. I use his methods to buy and sell stocks. At first I thought this guy must be crazy, but I was wrong. This is not a get rich quick scheme. Read morePublished on March 6 2002 by S. Smith
This has got to be the best book on investolating ever written! I use ted's principles in the futures markets and my returns are astonishing, I finally know what drives the... Read morePublished on Nov. 22 2001
With the market ticking down and with the economy going in the same direction, this book provides great data and proves that you can get rich slow. Read morePublished on Nov. 1 2001
The first edition of this book was completely bought up and presumably destroyed, as the information contained is so dangerous to the powers that rock Wall Street. Read morePublished on May 16 2001 by abbeysbooks
I read this book several times and i think it's worth reading for any investor. there are some aspects of investing that are not covered very will. Read morePublished on Nov. 23 2000
The techniques in this book don't work. I have the trading account to prove it. The book is poorly written with very surfacy explanations of concepts that don't work in today's... Read morePublished on May 31 2000 by robert johnson
Take my advice , dont buy this book! I tried Ted Warren's techniques and lost.Whenever something sounds to good to be true, it probably is.Published on May 11 2000 by Brad