In The Trading Cockpit with the O'Neil Disciples
Strategies that Made Us 18,000% in the Stock Market
Published on 30. November 2012
432 pages
978-1-118-28729-3 (ISBN)
Description
Praise for In the Trading Cockpit . . .
"Morales and Kacher want you to see an alternative to popularand traditional dead end strategies (i.e., buy and hope). Absorbthe insights of In the Trading Cockpit with the O'NeilDisciples and put yourself in position to thinkdifferently--and profit."
-- Michael W. Covel, Bestselling author of TrendFollowing and The Complete TurtleTrader; President,Trend Following
Your hands-on guide to mastering powerful trading methodsinspired by stock market legend William O'Neil
Written by two former William O'Neil + Co. employees who havespent years building upon the lessons they learned workingalongside the master, this book delivers powerful tradingtechniques based on the O'Neil model that you can put to work inyour own portfolio, right away.
The follow-up to their bestselling Trade Like an O'NeilDisciple, In the Trading Cockpit with the O'NeilDisciples goes beyond the descriptive narrative of the formerbook to provide you with step-by-step guidance and all the practiceyou need to quickly master those tried-and-true methods and makethem an integral part of your trading system.
You'll find:
* Clear, step-by-step explanations of powerful new tradingstrategies, including techniques for buying pocket pivots andgap-ups
* Hundreds of annotated examples--with charts--ofreal-life trades from the authors' own experiences with detailedanalysis of what worked, what didn't, and why
* Set ups with buy, add, and sell points for both winning andlosing scenarios
* Dozens of skill-building exercises that help you quickly masterthe techniques described
* Tried-and-true stock shorting techniques based on WilliamO'Neil's methods
Written by established experts Gil Morales and Dr. Chris Kacher,In the Trading Cockpit with the O'Neil Disciples is anindispensable guide to mastering proven strategies for tradingstocks for record profits in every market environment.
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Gil Morales | Chris Kacher
In The Trading Cockpit with the O'Neil Disciples
Strategies that Made Us 18,000% in the Stock Market
Book
02/2013
Wiley
€70.00
Shipment within 15-20 days
Persons
Gil Morales is a co-Managing Director and Chief PortfolioManager of MoKa Investors, LLC. He is the coauthor and publisher ofthe investment website, VirtueOfSelfishInvesting.com, as well asthe author and publisher of the Gilmo Report(www.gilmoreport.com), and was formerly a senior proprietaryportfolio manager for William O'Neil + Company, Inc. During histenure there, Gil also functioned as vice president and manager ofthe Institutional Services Group, responsible for advising morethan 500 of the world's largest and most successful institutionalinvestors, including mutual funds, pension funds, hedge funds,trust companies, and banks. In 2004, Mr. Morales was appointedchief market strategist for William O'Neil + Co., Inc. andcoauthored with William J. O'Neil the short-selling treatise,How to Make Money Selling Stocks Short (Wiley). Between 1998and 2005, Morales achieved an audited return of 10,904% in hispersonal account, as verified by Rothstein Kass.
Chris Kacher, PhD, is coauthor and publisher ofwww.VirtueOfSelfishInvesting.com. His investment career began in1995 when he founded one of the first Internet-based stock advisoryservices. In 1996, he joined William O'Neil + Co., Inc. as aresearch associate before quickly being promoted to senior researchanalyst and senior proprietary portfolio manager for the firm in1997. From 1996 to 2002, Dr. Kacher achieved a verified return inhis personal account in excess of 18,000%, as verified by KPMG. Hereceived a BS in chemistry and PhD in nuclear physics from theUniversity of California at Berkeley, where he studied under NobelLaureate professor Glenn Seaborg and helped discover element 110 onthe Periodic Table of Elements and confirm element 106, which hisgroup named Seaborgium.
Content
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 Watersof 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 Millennium59
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
