How to Make Money in Stocks by William O'Neil | Book Summary and Review | Free Audiobook
Description
Show notes | PDF & Infographic | Free audiobook | 🇩🇪 German | How to Make Money in Stocks has sold over 2 million copies worldwide. O'Neil's CAN SLIM Investing system makes it easy for investors to pick good stocks. He also shares tips to help budding investors to choose the best mutual funds and ETFs.
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DISCLAIMER: This is not financial advice. Please consult a professional before taking any action.
Book Summary and Review of How to Make Money in Stocks: A Winning System in Good Times and Bad by William O'Neil
William O'Neil's Perspective
William O'Neil is a noted stockbroker, writer, and entrepreneur. He founded the stock brokerage firm William J. O'Neil & Co. Inc. in 1963. He is also the founder and chairman of Investor's Business Daily, an influential investment publication. Born in 1933, O'Neil was one of the first investors to include computers in his investment research and decision-making process. At 30, he became the youngest person to sit on the New York Stock Exchange (NYSE).
Introduction
How to Make Money in Stocks has sold over 2 million copies worldwide. O'Neil's CAN SLIM Investing system makes it easy for investors to pick good stocks. He also shares tips to help budding investors to choose the best mutual funds and ETFs. The book aims to show you how to make intelligent investments, even if you haven't owned stocks before. As a new investor, you'll have many questions, such as where do I start? What should I look for in a stock? This guide has you covered.
Charts help track the daily price changes of stock based on supply and demand in the stock market. Learning to decode price movements on charts is key to making money in the stock market in the long run.
Don't buy a stock solely based on its fundamental characteristics (cash flow, ROI, history of profit retention, etc.). Charts present a stock's price and volume history to you to decide if the stock is strong and worth buying or weak.
Always carry out a technical analysis of a stock using its price chart before investing. An analysis helps determine when a stock is worth buying at a price point and when to sell. You should also learn to spot patterns on the price chart to predict price movements. Price patterns and technical indicators give you a great idea of strong entry and exit points.
(00:37) Introduction
(01:18) William O'Neil's Background
(03:24) CAN SLIM Strategy Explained
(06:13) Key Factors in Quality Stocks
(09:35) Conclusion and Further Resources on How to Make Money in Stocks book
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Editor's Note: This episode was first published on 14 May 2022.
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