This month's book of the month was an easy choice because I really enjoyed and learned a lot from this book. This month's book of the month is: Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market by: Gil Morales, Chris Kacher.
Here is an overview of the book:
How two former traders of William J. O'Neil + Company made mad money using O'Neil's trading strategies, and how you can, too
From the successes and failures of two William O'Neil insiders, Trade Like an O'Neil Disciple: How We Made Over 18,000% in the Stock Market in 7 Years is a detailed look at how to trade using William O'Neil's proven strategies and what it was like working side-by-side with Bill O'Neil. Under various market conditions, the authors document their trades, including the set ups, buy, add, and sell points for their winners. Then, they turn the magnifying glass on themselves to analyze their mistakes, including how much they cost them, how they reacted, and what they learned.
•Presents sub-strategies for buying pocket pivots and gap-ups
•Includes a market direction timing model, as well as updated tools for selling stocks short
•Provides an "inside view" of the authors' experiences as proprietary, internal portfolio managers at William O'Neil + Company, Inc. from 1997-2005
Detailing technical information and the trading psychology that has worked so well for them, Trade Like an O'Neil Disciple breaks down what every savvy money manager, trader and investor needs to know to profit enormously in today’s stock market.
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