Author of Lessons From the Greatest Stock Traders of All Time, How Legendary Traders Made Millions, Monster Stocks, and Monster Stock Lessons. HISTORY LESSONS
Study the past so you can profit in the future. History lessons go a long way in the market (up & down). The elite traders mastered fundamental, technical, psychological, AND historical analysis.
Market books on history (legendary traders, past market cycles, best performing
My Top 10 market books. In order from top to bottom. 1-8 never changes but 9 & 10 come in and out at times since there are a handful of other great ones.
It is with much sadness to hear of the passing of the Greatest Of All Time - William J. O’Neil. You influenced so many people. I am so indebted to you, as are many others. You were so gracious with spreading the knowledge you learned and the gifts you gave to me personally. I
How do you make $30 million on one stock? Jim Roppel (he does manage a fund) shows you here. Buying right, pyramiding when you know you’re right, sitting tight, concentrating a large position that’s working, etc. From “How to Make Money in Stocks - Success Stories” - Amy Smith
Persistence is required to succeed in the market. Many of the best traders over time struggled for many years - 6 years being a common timeframe. I call that earning your Masters degree on Wall Street. Oliver Kell mentioned it was 6 years for him as well. If you’re new and have
This is the key slide from my TraderLion presentation that sums up many of the lessons that can be learned from studying Stock Market History over 120 years.
I’ve had several questions about the charts (since this is mostly a chart study book) to make sure they are clear and readable. Here’s a few pages from the 2020 and 2021 chapters.
This article about Jim Roppel was a huge inspiration for me back in the day for several reasons. One of which, I hunted him down to see if I could write his story in detail, which of course he agreed to. Get inspired - read this great article!
I am sorry to announce to those enrolled in the
@TraderLion_
masterclass that we are postponing today and Saturday’s sessions. A revised schedule will come out shortly.
My father and hero unexpectedly passed away this morning. He was my biggest fan (and vice versa) and I miss
Great lesson in patience from Darvas who watched this one for well over a year before he pounced on it when the market and the stock were in sync with each other.
A big THANK YOU to everyone as I approach my 1 year on TWTR. So far only 6 imposters and one Block (called me stupid and told me to shut up cause I posted a new high/new low stat). It’s been fun! I will step it up and post more history as it relates to the current market. Thanks!
For $20 you can buy an extra copy of ‘How To Make In Money In Stocks’ and rip out the first 100 pages of charts and study every one from 1885 to 2007. You’ll learn more from that than from any other resource.
If you’re not familiar with pocket pivots then read the books by Morales/Kacher (former O’Neil traders). This from ‘In The Trading Cockpit with the O’Neil Disciples’ - 2013
Wanted to take a moment to thank everyone for all their positive comments. My 3 month TWTR exercise (not a big social media person) is up and I will continue it. I’ve learned a lot and hope you continue to enjoy the historical posts. Thanks again!
This has been shown before - shows how a master (guess who and what stock) pyramids a winner and works around a position. Buying off support, offensive and defensive selling, etc.
If you have benefited from the lifetime work of William O’Neil then please join me in celebrating the birthday (Thur 3/25) of the G.O.A.T. this week. I personally owe a huge debt of gratitude for him making my book ideas a reality. Happy Birthday this week!
Great article from IBD this weekend about one of my favorite pattern bases. There are a few of those out there right now. Study these patterns from the past so you can identify them in the future.
My Top 15 favorite market books (two right stacks) - all are timeless classics. I used several of them as references to write summaries on historical market information.
Stock Market Prediction for 2021:
BTW - its from William O’Neil who wrote it in 1988. It’s always accurate so use this one each January and don’t listen to any others - No one can predict what the market will do in advance.
Stan Weinstein after the worst day in history 35 years ago on what to look for - new lows shrinking - just what we’re looking for today (new highs to exceed new lows)
Great list from IBD. Even staying away from biotechs (which have burned me too many times in the past) there were Monster Stocks aplenty in 2020. O’Neil has stated many times that it only takes a few big gainers each year, when handled properly, to have a great year.
It helps to make sure you have the leading quality stocks as holdings instead of laggards waiting to come back or do something. Here’s an easy way to grade your stocks. I like to have all A’s and B’s
History lesson in IBD this weekend. History keeps repeating itself in the market - many big leaders from 2020 broke that area and have fallen hard recently.
Wanted to send out a huge THANK YOU and show my Gratitude for 10,000+ followers. When I started this 5 1/2 months ago I didn’t think interest in historical info would be appreciated that much. Thank you all again - it motivates me to continue!
Here’s the IBD article on Roppel that I talked about in my TL presentation that made me stalk him to be included in my 2nd book 😉. I called this the modern day Darvas story.
OCT23 Net New High/Low differential (IBD #’s). All red and 41 straight negative days in a row (all red for Sept too except for the first day). Have to go back to 2008 to see a negative streak this long.