Make more money than ever with the proven, easy-to-understand methods of stock trading and investing expert Michael Sincere
If you’re just starting to invest in or trade stocks―or even if you’re only considering it―How to Profit in the Stock Market delivers the insights and knowledge you need to succeed, consistently and decisively.
The Art of Buying―how to find winning stocks, and buying strategies and tacticsTechnical Indicators and Oscillators―MACD, RSI, Bollinger Bands, Stochastics, Candlesticks, Moving AveragesTrend and Momentum Strategies―discusses short-term trend trading and momentum strategiesHigh Risk, High-Reward Strategies―day trading, trading gaps, cryptocurrencies, and trading penny stocksCorrections, Crashes, and Bear Markets―how to survive and thrive when markets plunge, and advice from short-selling expertsSelling Stocks and Options―the art of selling and selling covered calls
How to Profit in the Stock Market shows how to find stocks that have the most potential, identify overall market conditions, determine whether or not to participate, enter and exit positions, and avoid dangerous markets. You’ll gain valuable information on potential risks and learn ways to protect your money during a trade.
Michael Sincere (www.michaelsincere.com) is the author of a number of investment and trading books, including "Understanding Stocks 2E" (McGraw-Hill) and "Understanding Options 2E" (McGraw-Hill), each which sold over 100,000 copies each.
His two latest books are "Help Your Child Build Wealth" (Wiley) and "Mr. Sincere Teaches You How to Sell Covered Calls."
Sincere has written hundreds of columns and magazine articles on investing and trading, including a monthly column for MarketWatch, "The Long-Term Trader."
Fantastic. This book is so hands on for beginners, I was able to apply learnings right away. Beginners should definitely read this book gives you a start on charts and candlesticks which was alien to me but I have basic understanding now.
Learnings :
Sell losers fast and learn from it and move on. Sometimes best to cut losses at ⅞ percent. Nothing wrong with getting out of bad trade quickly It’s necessary part of trading. Then try again next day.
Move some of profits into less risky products/real estate or cash.
Sell early: most successful investors claim they sell early. Nathan Rothschild “ I never buy at bottom and I always sold too soon for decent profits.
Never buy small companies easier to buy harder to sell.
When you’re wrong take the loss don’t let it build up but try again next time RSI indicator: RSI rises above 70, they wait and watch. When rsi falls back under 70 they sell short RSI falls under 30, traders wait. When RSI rises back above 30, they feel it’s a green light too buy the stock.
VIX - When vix is low below 20 it’s time to go. When VIX is high above 30 it’s time to buy. VIX printed a high above 86 on March 20,2020 during height of Covid-19 pandemic
Peter lynch advise Bear market, If you don’t need money in 10,20 years for education or wedding. I would be comfortable being in the market This is what makes a gn ood investor.
Livermore short specialist greatest learning was to predict what market was going to do next, he began to look for signals to buy or sell. Researched red news trends more.
Michael has written another excellent book on stocks. This book is jammed packed with the essentials necessary for anyone that is investing or trading in the market. Strategies, indicators, interviews and more, this book has it all. True to Michael's style, the book is easy to understand and enjoyable to read. An absolute must!
Great explanations of how to use popular indicators, like moving averages, MACD, RSI, and Stochastics. Not really my personal swing/trend trading style, I trade most successfully with just trendline and support/resistance on a "naked" chart, and get analysis paralysis with indicators.