How Legendary Traders Made Millions: Profiting From the Investment Strategies of the Gretest Traders of All timeLearn how to generate profit, from history's most celebrated traders including William J. O'Neil, Jesse Livermore, and others. In How Legendary Traders Made Millions, award-winning investment author and historian John Boik has created the first book to put the strategies of history's top traders in one place. Revealing how each trader took advantage of distinct market situations, it details the hands-on specifics of each trade as well as the economic, political, and stock market environments in which the strategy flourished. |
Contents
| 1 | |
Jesse Livermore Followed the General Trend of the Market to Do Well | 19 |
Richard Wyckoff Learned by Judging the Action of the Market | 33 |
Gerald Loebs Flexibility Allows Him to Profit in Difficult Times | 57 |
Gerald Loeb Entered the Market When the Trend Seemed Clearly Enough Established | 71 |
Nicolas Darvas Saw the Trend and Took Full Advantage of It | 81 |
Jack Dreyfus Followed Historical Stock Price Patterns to Reap Huge Returns | 105 |
William J ONeil Knew That Flexibility Was One of the Keys to Success | 131 |
William J ONeil Follows the Actions of the Market and Then Acts Appropriately | 155 |
William J ONeil Studies the Best Past Performers to Discover the Next Great Ones | 181 |
Jim Roppel Knows That the Health of the Market Is Paramount | 219 |
12 Learning from the Lessons of History and the Greatest Traders | 251 |
BibliographyResources | 271 |
Index | 275 |
Other editions - View all
How Legendary Traders Made Millions: Profiting From the Investment ... John Boik No preview available - 2006 |
Common terms and phrases
actually April August Baruch basing patterns bear market beginning Bernard Baruch best traders bought broke bull market cash chart choppy classic companies continued Darvas decade decline Dreyfus early economy experienced fall February fell firm gains Gerald Loeb heavy selling heavy volume increase Industrial Average inflation interest rates investment investors Jack Dreyfus January Jesse Livermore July June late leaders leading stocks learning looked loss-cutting losses major March market began market cycles market environment market moved market operator market tops million shares months moving higher mutual funds Nasdaq Nicolas Darvas O’Neil occurred October PE ratio peak period prior pullback rally recession Richard Wyckoff rising Roppel rose sell rules selling signals September soared sold solid stay stock market stock prices stock traders strategy strong successful surged Thiokol trading turn U.S. Steel uptrend volume action weeks www.thechartstore.com Wyckoff York Stock Exchange
Popular passages
Page 47 - I have sold a stock while it still was rising — and that has been one reason why I have held on to my fortune."38 He also urged bankers to form a pool to support the market in case it began to fall.
Page 251 - ... bottom and sell on the top, but as we do not know how to determine the bottoms and tops and would lose too much trying to guess, then of course it is only logical to turn our attention to those profitable methods we might actually learn to follow. The most important single factor in shaping security markets is public psychology. This is really another reason why I am not particularly impressed with academic calculations purporting to show what this or that stock should be worth unless due regard...
Page 58 - MARKET RULES I long ago realized that the stock market is never obvious. It is designed to fool most of the people, most of the time. My rules are often based on thinking against the grain, against human nature: • Cut your losses quickly; • Be sure to confirm your judgment before you take your full position; • Let your profits ride if there is no good reason to close out the position; • The action is with the leading stocks...
Page 57 - Knowledge born from actual experience is the answer to why one profits; lack of it is the reason one loses. Knowledge means information and the ability to interpret it marketwise. But, in addition, making money in the market demands a lot of 'genius