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Trade Like an O'Neil Disciple: How We Made 18,000%

 

Last Post 01/05/2011 05:08 PM by dthomas240 (2985) . 9 reply.

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11/02/2010 09:32 AM

Trade Like an O'Neil Disciple: How We Made 18,000%
by broberto (6215) Joined on 09/22/2010 Posts: 379

Hi all,

Was listening to an interview on Bloomberg the other day.  Gil Morales and Chris Kacher are the authors.  Here is a brief description of the book which I just purchased off of Amazon.

From the successes and failures of two William O'Neil insiders, Trade Like an O'Neil Disciple: How We Made Over 18,000% in the Stock Market in 7 Years is a detailed look at how to trade using William O'Neil's proven strategies and what it was like working side-by-side with Bill O'Neil. Under various market conditions, the authors document their trades, including the set ups, buy, add, and sell points for their winners. Then, they turn the magnifying glass on themselves to analyze their mistakes, including how much they cost them, how they reacted, and what they learned.

  • Presents sub-strategies for buying pocket pivots and gap-ups
  • Includes a market direction timing model, as well as updated tools for selling stocks short
  • Provides an "inside view" of the authors' experiences as proprietary, internal portfolio managers at William O'Neil + Company, Inc. from 1997-2005


11/02/2010 10:52 AM

Re: Trade Like an O'Neil Disciple: How We Made 18,000%
by jerry.loethen (20) Joined on 06/13/2010 Posts: 1

I just finished reading their book.  The pocket pivot and gap-ups are great but I liked the inside view and other experience portions best.  I'd also say that yesterday's Bloomberg interview was more of a fluff piece.  The authors never got a chance to dive into their strategies or experiences.


01/01/2011 04:08 PM

Re: Trade Like an O'Neil Disciple: How We Made 18,000%
by TMalagis (7530) Joined on 04/27/2010 Posts: 723
Hi All, Very good book. Great for additional learning. Whether you read it as a novel or as a tool book. Something may be taken away that is beneficial. Some day, I'd hope that WON will write more about the life and times of his experiences. -Enjoy, Tom


01/02/2011 06:31 AM

Re: Trade Like an O'Neil Disciple: How We Made 18,000%
by l (5080) Joined on 07/03/2010 Posts: 453
As a novel, no opinion. As a tool its important that one does their own due diligence on the author.


01/02/2011 10:27 PM

Re: Trade Like an O'Neil Disciple: How We Made 18,000%
by Petro_Drlg_Engineer (1385) Joined on 06/18/2010 Posts: 110
Agree one should do lots of DD before taking anything at face value. Subscribed to Gil Morales bi-weekly newsletter for several months and reviewed the performance of their managed funds as wanted to see if they could manage some for me and get a better return - not all that impressive in my personal opinion at that time. Gil also co-authored a book on How to Sell Stocks SHORT with William O'Neil, but his funds performance during 2008 also seemed to under perform my expectations... http://www.gilmoreport.com/about.html http://www.gilmoreport.com/education/dr_k.html Maybe it is much more difficult as the amount of funds under management increases! Take good care; PDE


01/03/2011 09:32 AM

Re: Trade Like an O'Neil Disciple: How We Made 18,000%
by l (5080) Joined on 07/03/2010 Posts: 453
Careful, some authors of some books and some newsletters have a habit of suing some people who say negative things about said performance ;-) http://www.gilmoralesfundperformance.com/uploads/PR.pdf Take from it what you will or won't, I have no opinion other than if I want to know how O'Neil trades, I'll read O'Neils books.


01/03/2011 03:12 PM

Re: Trade Like an O'Neil Disciple: How We Made 18,000%
by broberto (6215) Joined on 09/22/2010 Posts: 379

I agree with "I" ( feels funny typing that ).  There are so many ways to "skin a cat" so to say.  O'Neils is a proven strategy on how to make money trading stocks.  Its been back tested and traded every which way and puts the odds in your favor.  Now if you like you can implement a trading method  Morales uses out of the book to get in on a proven O'Neil chart pattern for added confidence.  Check out my blog on NTAP


01/04/2011 09:06 PM

Re: Trade Like an O'Neil Disciple: How We Made 18,000%
by nathann (1465) Joined on 05/29/2010 Posts: 142
I have also almost finished this book, and I have to say the pocket pivot "trick." Is interesting and I will be watching and following a few stocks that i think fit the bill of a pocket pivot buy point to see how well it works and add this to my arsenal of buy points, given it proves itself.


01/05/2011 02:09 PM

Re: Trade Like an O'Neil Disciple: How We Made 18,000%
by rsalmon (20) Joined on 09/20/2010 Posts: 1

What is a pocket pivot?


01/05/2011 05:08 PM

Re: Trade Like an O'Neil Disciple: How We Made 18,000%
by dthomas240 (2985) Joined on 08/14/2010 Posts: 231

Go to the Blogs and read the post Pocket Pivot.  It explains a bit about a pocket pivots.  But you really need to read the book referenced above to really learn about it.  Don