In The Trading Cockpit with the O'Neil Disciples

1. Auflage 2012
ISBN: 978-1-118-27302-9
Verlag: Wiley

Buch, Englisch, 432 Seiten, Format (B × H): 183 mm x 260 mm, Gewicht: 1005 g

Reihe: Wiley Trading Series

In the Trading Cockpit with the O'neil Disciples is a step-by-step instruction guide to implementing Morales and Kacher's trading methods into your home trading system under various market conditions, written by two very successful and renown O'Neil insiders. The authors use real trades including set ups, buy, add, and sell points for both winners and losers to teach the methodology as well as help traders learn the system themselves. Real examples from their trades and step-by-step instructions teach traders how to trade like they did. Strategies they have created using the O'Neil methodology are explained in detail (for buying pocket pivots, gap-ups, and including a market direction timing model) as well as techniques for shorting stocks. This book is a hands-on guide to implementing the O'Neil trading system and generating consistent profits with hands-on examples and exercises for readers to practice before implementation. Readers can make their mistakes in the book, learn from them, and then apply the same principles and techniques to real-world markets.

Autoren/Hrsg.

Morales, Gil

Kacher, Chris

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Börse, Rohstoffe
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaft: Sachbuch, Ratgeber

Inhaltsverzeichnis

Acknowledgments xiii

Introduction xv

Disciple Boot Camp xvii

Pocket Pivot Buy Points xviii

Buyable Gap?]Ups xxi

Moving Average Violations xxiv

The Seven-Week Rule xxv

As You Begin xxvi

Chapter 1 The OWL Ethos 1

Quick Quiz 2

Chart Exercises 7

Identifying Bases 7

The Line of Least Resistance 9

Answers to Quick Quiz 14

Answers to Chart Exercises 19

Identifying Bases 19

The Line of Least Resistance 24

Summary 32

Chapter 2 Mind Games and Mazes 33

Embracing Uncertainty 33

The Psychology of Follow-Through Days 34

Lockheed-Martin: An Opportunity Derived from Uncertainty 37

Silver: A Crystalline Trend amid the Uncertain and Murky Waters of 2011 40

The Uncertainty of Company Earnings Announcements 42

You Must Lose to Win 44

The Need for Labels as a Heuristic Achilles' Heel 46

Price Bias 48

Find Experts You Can Learn From, Not Have to Rely On 51

Paper Trading versus Real Trading 52

Awareness and Preparation 53

In Summary: Know Thyself 56

Chapter 3 2011: A Postmortem for the New Millennium 59

Reviewing the 2011 Trade Blotter 62

Using Spreadsheet Analysis with Chart Mark-Ups 63

Three Swings, Three Strikes 64

The Window of Opportunity Has a Silver Lining 68

More Roads to Nowhere in 2011 74

Summarizing the Lessons of 2011 80

Chapter 4 Developing Your "Chart Eye" 85

What Is a Chart Eye? 86

The Visual Effect of X- and Y-axis Scaling 88

Linear versus Logarithmic Charts 90

Bars or Candles? 92

Moving Average Stress Syndrome (MASS) 95

Indicators: Useful or Useless? 102

Are Intraday Charts Useful? 105

Monitor Color and Formatting Schemes 108

What You See Is What You Get 111

Chapter 5 Pocket Pivot Exercises 113

Conclusion 195

Chapter 6 Buyable Gap-Up Exercises 197

Conclusion 263

Chapter 7 A Trading Simulation 265

First Solar (FSLR) 2007-2008 266

Acme Packet (APKT) 2010-2011 318

Conclusion 340

Chapter 8 Frequently Asked Questions 341

Pocket Pivot Buy Points 341

Buyable Gap-Ups 354

Stops and General Selling Rules 355

General Topics 359

Short-Selling 367

Market Timing Model Building 370

Appendix List of Companies (with Ticker Symbols)

Referenced in the Book 375

About the Authors 379

Index 381

Über Autor(innen)

Gil Morales is a co-Managing Director and Chief Portfolio Manager of MoKa Investors, LLC. He is the coauthor and publisher of the investment website, VirtueOfSelfishInvesting.com, as well as the author and publisher of the Gilmo Report (www.gilmoreport.com), and was formerly a senior proprietary portfolio manager for William O'Neil + Company, Inc. During his tenure there, Gil also functioned as vice president and manager of the Institutional Services Group, responsible for advising more than 500 of the world's largest and most successful institutional investors, including mutual funds, pension funds, hedge funds, trust companies, and banks. In 2004, Mr. Morales was appointed chief market strategist for William O'Neil + Co., Inc. and coauthored with William J. O'Neil the short-selling treatise, How to Make Money Selling Stocks Short (Wiley). Between 1998 and 2005, Morales achieved an audited return of 10,904% in his personal account, as verified by Rothstein Kass.

Chris Kacher, PhD, is coauthor and publisher of www.VirtueOfSelfishInvesting.com. His investment career began in 1995 when he founded one of the first Internet-based stock advisory services. In 1996, he joined William O'Neil + Co., Inc. as a research associate before quickly being promoted to senior research analyst and senior proprietary portfolio manager for the firm in 1997. From 1996 to 2002, Dr. Kacher achieved a verified return in his personal account in excess of 18,000%, as verified by KPMG. He received a BS in chemistry and PhD in nuclear physics from the University of California at Berkeley, where he studied under Nobel Laureate professor Glenn Seaborg and helped discover element 110 on the Periodic Table of Elements and confirm element 106, which his group named Seaborgium.