How to Make Money Selling Stocks Short (Wiley Trading)

Honestly I don't understand why this book got such poor reviews. I thought it was excellent! The book starts off by explaining the concept in how to sell short, what to look for as far as chart patterns and volume, then gives numerous examples of how it works. I don't understand what else you're looking for in a book. I think the one thing this book does very well is preaching patience. Let the pattern set up. Let it get to the point where it's a low risk trade. Trust me, that's going to safe you a lot of money in the long run because no set up is going to work a hundred percent of the time. In short, always keep your losers small and this book gives you that tool when it comes to shorting.

I rate this book a 4 out of 5 stars because I use the Kindle software on my computer. As the book is written you really need to rotate many pages to study the numerous charts and the computer software will not rotate them. Maybe Amazon will modify the software so pages can be rotated. You should read it on a Kindle or buy the printed book so you can rotate the page. “You have a narrow window of opportunity,” Investor’s Business Daily Chairman Bill O’Neil said. When it comes to shorting a stock after it has peaked, “50 days you are wrong (to do so), and two days you are right. The odds are stacked against you.” IBD Dec 31, 2012. I agree successful short selling like buying is hard work. As a Navy Seal once said “I will never give up till I die.” I met Bill O’Neil in November 2012 in Ohio and he said we at IBD have evaluated every technical method you can imagine and what we do is what works. Since 1969, I also feel I have evaluated every technical indicator available and they don’t work most of the time. His statement had a real impact on me. When a master confirms your thinking it is a real good feeling. It motivated me to really learn the IBD method which I had read about many years ago. Before buying this book, you must understand the CANSLIM approach to buying growth stocks. So read How to Make Money In Stocks and if it works for you then consider this book. This book is about selling those stocks that have been the big IBD winners in the previous bull market. If you don’t understand and use the buying method, then this book is not for you. The IBD method for buying, selling, and shorting stocks is a chart based method. Other than moving averages no indicators are used. Price movement and volume are the keys. Buying and selling is based on following institutions entering and leaving huge positions which takes lots of time. Your advantage is being able to move in and out quickly. I have experienced many people’s investing dream. I sold my portfolio of 12 stocks in 1986 which was purchased using margin in 1982 with gains great enough to retire at the age of 38. I had one stock that rose 1,500% and ten more up over 100%. The remaining one went bankrupt which resulted in a total loss, in spite of earning $28 per share the year before I purchased it. I have been a private investor ever since. I realized now that my success was really based on the methods recommended by IBD even though Bill O’Neil’s How to Make Money In Stocks would not be published until 1988. So why did I buy this book even though I have already achieved dream investing success? I became interested in shorting stocks again, when Bill Ackman announced his short of 20,000,000 shares of Herbalife (HLF) and predicted it would go to zero. I wanted to know what Bill O’Neil had to say about short selling. I was not disappointed. Today (January 9, 2013) as I wrote this review, Dan Loeb announced he had taken a long position in Herbalif. The battle between huge hedge funds over Herbalife will be interesting. In the end they may both be big winners. It is all a matter of timing.

This book essentially delivers what it promises. It give you a basic know-how of short-selling in stocks. About half of the book (at 195 some odd pages I could say pamphlet instead) was charts. I personally liked this because unlike other investment how-to books, you don't get too many significant rules and nuances without charts to explain them. At about $15 bucks, it's a deal. It isn't going to give you a comprehensive, in-depth study of the exact procedures and variables involved in short selling (O'Neil has a course for that, it runs at about $500+) but it'll hit home the basic theory of short selling. I would recommend this to anyone thinking about selling stocks short.

When you are considering a short sale or put purchase, one needs to understand the terrain of the stock and its charts. The idea of institutional players in the stock market is a common idea of William O’Neil. It makes logical sense and it can easily be followed by good screens. By paying attention to charts and the recovery failures, one can know what is happening. This book is not too difficult to read or understand. The book should make the most sense to someone who has tried a few times. It will not make much sense to someone who has not yet been burned a bit. If you have tried to be successful and need improvement at the role, it can be very helpful.

My natural proclivity is shorting stocks. Shorting stocks from a day-trading perspective. This author approaches shorting from the Investors perspective, talking about how it can take months for patterns to form. Day traders don't have months to wait for shorting signals, they have minutes & seconds. I was also looking for shorting strategies. I found myself trying to apply his "few" shorting-selling investment strategies into a day traders shorting setup perspective. This is not a book I would recommend for a day trader trying to learn how to short stocks.

Surprisingly short (ha!), but very useful, actionable information. Really great explanations and charts. Tons of charts and in color!

Quite an easy read to understand a bit more about shorting the market. I also read the other book and William’s technique was to show repeatedly the same type of charts and allow readers to quickly see a pattern. Very useful to register the concept. Kindle need to fix the charts though. I had to tilt 45 degs and see the charts as such towards the end of the book as the charts were positioned in a portrait mode in a landscape format which made them extremely small and unreadable.

A no nonsense and straightforward book on short selling and how to do it profitably. Stresses where the correct buy points are and illustrates the “obvious” selling points that are to early causing most short sellers to cover their positions for a loss. Great learning tool! RJG, Ft. Lauderdale, FL

Five stars

O'Neill schafft es, auf extrem wenig Papier immens viel Informationen zum Leerverkauf von Aktien zusammenzutragen. Obwohl O'Neill kein Freund vom Short Selling ist, merkt man hier - nicht zuletzt durch die Mitwirkung von Gil Morales - dass er ein extrem großes Wissen hat und sich seine Erkenntnisse meist selbst erarbeitet hat, während andere sog. "Experten" grandios in Theorien schwelgen. O'Neill und Morales gehören zweifellos zu den Koriphäen in der Finanzwelt. In meiner jahrzehntelangen Börsenerfahrung ist mir immer wieder aufgefallen, dass die meisten Kurseinbrüche bei Aktien nicht durch Kopf-Schulter-Formationen, M-Formationen oder Multi-Top-Formationen eingetreten sind. So wird es aber in den meisten Büchern beschrieben, In der Parxis drehen die meisten Einzelwerte ohne große Vorankündigung. Dann geht es häufig in eine Seitwärtsbewegung, bevor dann ein Einbruch erfolgt. O'Neil bestätigt dies in seinem Buch mit zwei Mustern von Umkehrformationen, die relativ häufig vorkommen. Er beschreibt hier genau den Einstiegszeitpunkt für eine Shortposition. An vielen Beispielen an deutschen und europäischen Aktien habe ich das nachvollzogen. Und hier ist die Wahrscheinlichkeit, dass man mit Shortpositionen Erfolg hat am größten. In diesem Buch wird kurz und prägnant anhand der Charttechnik erklärt, wann man Leerverkäufe vornehmen kann. Der überwiegende Teil des Buches besteht dann aus Aktiencharts, an welchen erklärt wird, wann man einen Leerverkauf wagen kann und wann man diesen unterlassen sollte. Da O'Neill sich nie alleine auf die Charttechnik verlässt, kommentiert er auch die Entwicklung des Unternehmens anhnad der Fundamentaldaten. Alles, was ich bisher zum Leerverkaufen las, ist dies das Beste, was ich in den letzten zwanzig Jahren gefunden habe.

Come sempre eccellenti esempi riportati dal grande Willian O'Neil. Utilissimo per allenare l'occhio per gli short sell e a sua volta valutare meglio i presunti bull trends

Excellent print and Original hologram packing. All The talk about fake copies might be bad luck. I got new crisp printed book.

This book is short but provides a good overview of the anatomy of short selling. Over half of the book is dedicated to charts of past model stocks to sell short from the 1960s to 2012. Similar to the charts in O'Neils 'How to Make Money in Stocks', these charts are valuable learning material, therefore I thought this book was definitely worth buying.