V.6:1 (33-33): Winning on Wall Street by John Sweeney

V.6:1 (33-33): Winning on Wall Street  by John Sweeney
Item# \V06\C01\WINWS.PDF
Availability: In Stock

Product Description

Winning on Wall Street by John Sweeney

Author: Martin Zweig

Publisher: Warner Books

666 Fifth Avenue

New York, NY 10103

Price: $20

This is a good book. It has a very reasonable approach to trading the market, or even individual stocks. It's a compendium of experience-generated trading guidelines and indicators which should well serve a new trader or someone with fewer than five years of market study. It's frank ("Had I stayed with it, I would have made 50 points ... But that's only a fantasy."), focused ("There is nothing wrong with bonds. My specialty happens to be stocks.") and straightforward ("Buy strength, sell weakness, and stay in gear with the market.").

If detail is your thing, there are umpteen indicators described in detail, both fundamental and technical. One or two (such as the Zweig Sentiment Indicator) are not disclosed—you're given the elements and the idea and left to create a similar indicator on your own. The indicators that are disclosed are well worked out in worksheets and displayed in graphs. In broad categories, the indicators used are monetary, momentum, sentiment and seasonal. From my standpoint, this hits the high points without overdosing.

There is a promotional function to the book which is most prominent in Chapter 11, "How to Pick the Winners." The answer is to search for "strong growth in company earnings and sales; a reasonable price-to-earnings ratio; buying by corporate insiders; and reasonably strong price action..." You can do this by hand or use the Zweig Security Screen, which apparently searches about 3,000 stocks for proper characteristics.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order