The Secrets of Selecting Stocks for Immediate and Substantial Gains

by Larry R. Williams

You are shown William's personal technique for picking stocks based on identifying what stocks are under professional buying or selling. In addition, you'll learn how to successfully forecast the market's short, intermediate and long term trend; and be shown how to combine stock selection with market timing to improve your results.

Genres: Finance

154 pages, Hardcover

First published October 1, 1986

About the author

American author and commodity trader from the state of Montana

Reviews

[Tony WANG · Rating 2 out of 5]

This book offers some technical chart analysis using BARCHARTS, the type most commonly used during pre-Internet era, not candlesticks like what most use these days. Thus, in a way, some of the format used are pretty dated indeed. Some of the chart patterns and observations Larry made in the book are common knowledge, I dont think any of it are "secrets" in any ways. He refuted most of the mainstream indicators but instead advocated the use of OBV (On-Balance Volume) and A/D (accumulation/distribution) indicators. In the end, he made the same hypothesis as the rest of the people who is looking for when using these "lagging" indicators i.e. price/indicator divergence. For instance, when price made a higher high and these indicators made a higher low, this is a sign of bearishness and signals a potential change in trend. On the other hand, when price made a lower low and indicators made a lower high, this is bullish. These to me are basically general knowledge about all indicators like the MACD, RSI or the Stochastics, they are provide a similar conclusion. Also, nothing in trading is one size fits all, they are not secrets, it is more art than science and it all depends on the user. The author might be a successful trader, but this book is nothing spectacular and personally I didnt takeaway much reading it. Clickbait title. 2/5.

[Austin Adams · Rating 5 out of 5]

Larry Williams
Larry Williams Larry Williams

Another Classic by him , preaching on the principles of the market and how to successfully profit . Something I’ll reread again he words concepts good and also mentions other reads that sound good too .

The main lesson within the book is his risk management principles

[Brett · Rating 3 out of 5]

Not as technical as I originally thought. Interesting concepts, though some of it seems a little bit dated.

[Dr · Rating 5 out of 5]

Must read

Accumulation. Distribution. No one else talks about it..a great trader and writer. Trying to help the retail investor invest like a professional.