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In The Trading Cockpit with the O'Neil Disciples. Strategies that Made Us 18,000% in the Stock Market. Wiley Trading

  • ID: 2326718
  • Book
  • February 2013
  • Region: United States
  • 432 Pages
  • John Wiley and Sons Ltd
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Praise for In the Trading Cockpit . . .

"Morales and Kacher want you to see an alternative to popular and traditional dead end strategies (i.e., buy and hope). Absorb the insights of In the Trading Cockpit with the O′Neil Disciples and put yourself in position to think differently and profit."
Michael W. Covel, Bestselling author of Trend Following and The Complete TurtleTrader; President, Trend Following

Your hands–on guide to mastering powerful trading methods inspired by stock market legend William O′Neil

Written by two former William O′Neil + Co. employees who have spent years building upon the lessons they learned working alongside the master, this book delivers powerful trading techniques based on the O′Neil model that you can put to work in your own portfolio, right away.

The follow–up to their bestselling Trade Like an O′Neil Disciple, In the Trading Cockpit with the O′Neil Disciples goes beyond the descriptive narrative of the former book to provide you with step–by–step guidance and all the practice you need to quickly master those tried–and–true methods and make them an integral part of your trading system.

You′ll find:

  • Clear, step–by–step explanations of powerful new trading strategies, including techniques for buying pocket pivots and gap–ups
  • Hundreds of annotated examples with charts of real–life trades from the authors′ own experiences with detailed analysis of what worked, what didn′t, and why
  • Set ups with buy, add, and sell points for both winning and losing scenarios
  • Dozens of skill–building exercises that help you quickly master the techniques described
  • Tried–and–true stock shorting techniques based on William O′Neil′s methods

Written by established experts Gil Morales and Dr. Chris Kacher, In the Trading Cockpit with the O′Neil Disciples is an indispensable guide to mastering proven strategies for trading stocks for record profits in every market environment.

Note: Product cover images may vary from those shown
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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

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Gil Morales
Chris Kacher
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