How to Buy: The Insider's Guide to Making Money in the Stock Market

by Justin Mamis

A new foreword by the author in 2001 brings new perspective to the original How to Buy. This book compliments Mamis’ When to Sell by providing a concrete path to reaping profits in the stock market year by year. How to Buy’s chapters include information —Safe times to buy—How to pick a stock that’s about ready to move up—Exactly when to buy (what day and hour)—How to check out rumors and recommendations—Market action indicators—Basic buying strategy

256 pages, Paperback

First published March 1, 1983

About the author

Justin Mamis was senior vice president and chief market technician at Hancock Institutional Equity Services in New York, and now publishes his own institutional market letters.

Reviews

[Ethan Drower · Rating 5 out of 5]

A classic stock market text.

[Rabin Rai · Rating 3 out of 5]

Not a bad book for my first in-depth stock book. Converted me from fundamental analysis to technical analysis.

Although, it is a bit dated, written in 1980s, 80 per cent of book is still relevant today. The other 20 percent talks about the brokers and specialists on the trading floor during a time when computers had yet to revolutionize trading. You could skim that part to get to the parts that are more relevant to you.

You will still need to read more stock market books to develop your understanding about the concepts mentioned in this book to a greater detail. For example, price-volume indicators, triangles, etc. So that you would feel more sure of your buy and sell decisions.

I guess what I learnt most from this book was about market psychology like not listening to news and advice because the chart has all the information you need to react. Not to mention, being patient in this game is also a useful mentality to have.

[Kiminmiki · Rating 5 out of 5]

This book is a good read. I found myself agreeing with the concepts in the books, such as the "itchy wallet phenomenon", where the investor who is convinced the market is going higher, but finds himself on the sidelines without owning anything having sold his holdings too soon in the rebound or in the previous downdraft, wants to buy something, no matter that the market is looking toppy, no matter that the stocks are overbought, no matter that his last three bets have proven costly... he is still anxious to buy. Hence, find themselves losing money. That, is human nature, and one of the factors we must overcome to avoid costly mistakes in the stock market.