Fundamental Analysis and Position Trading - Evolution of a Trader

Informationen zum Autor THOMAS N. BULKOWSKI is a successful investor with thirty years of experience in the stock market. He is also the author of the Wiley titles, Encyclopedia of Candlestick Charts, Encyclopedia of Chart Patterns, Getting Started in Chart Patterns, Trading Classic Chart Patterns , and Visual Guide to Chart Patterns . Bulkowski is also a contributor to Active Trader, Technical Analysis of Stocks & Commodities , and other publications worldwide. Before earning enough from his investments to retire from his day job at age 36, Bulkowski was a hardware design engineer with Raytheon and a senior software engineer for Tandy Corporation. Klappentext Comprehensive coverage of the four major trading stylesEvolution of a Trader explores the four trading styles that people use when learning to trade or invest in the stock market. Often, beginners enter the stock market by:* Buying and holding onto a stock (value investing). That works well until the trend ends or a bear market begins. Then they try* Position trading. This is the same as buy-and-hold, except the technique sells positions before a significant trend change occurs.* Swing trading follows when traders increase their frequency of trading, trying to catch the short-term up and down swings. Finally, people try* Day trading by completing their trades in a single day.This series provides comprehensive coverage of the four trading styles by offering numerous tips, sharing discoveries, and discussing specific trading setups to help you become a successful trader or investor as you journey through each style.Trading Basics takes an in-depth look at money management, stops, support and resistance, and offers dozens of tips every trader should know.Fundamental Analysis and Position Trading discusses when to sell a buy-and-hold position, uncovers which fundamentals work best, and uses them to find stocks that become 10-baggers--stocks that climb by 10 times their original value.Swing and Day Trading reveals methods to time the market swings, including specific trading setups, but it covers the basics as well, such as setting up a home trading office and how much money you can make day trading. "The three books in this series were written for people unfamiliar with the inner workings of the stock market, but will still curl the toes of professionals, too. Research is used to prove the ideas discussed, but is presented in an easy to understand and light-hearted manner. You will find the books to be as entertaining as they are informative and packed with moneymaking tips and ideas. Use the ideas presented here to hone your trading style and improve your success. Whether you are a novice who has never purchased a stock but wants to, or a professional money manager who trades daily, these books are a necessary addition to any market enthusiast's bookshelf." -- Alan Battista , Stockineer.com Book Review Zusammenfassung Comprehensive coverage of the four major trading stylesEvolution of a Trader explores the four trading styles that people use when learning to trade or invest in the stock market. Often, beginners enter the stock market by:* Buying and holding onto a stock (value investing). That works well until the trend ends or a bear market begins. Then they try* Position trading. This is the same as buy-and-hold, except the technique sells positions before a significant trend change occurs.* Swing trading follows when traders increase their frequency of trading, trying to catch the short-term up and down swings. Finally, people try* Day trading by completing their trades in a single day.This series provides comprehensive coverage of the four trading styles by offering numerous tips, sharing discoveries, and discussing specific trading setups to help you become a successful trader or investor as you journey through each style.Trading Basics takes an in-depth look at money manag...

List of contents

Preface xi
 
Acknowledgments xvii
 
Chapter 1 introduction to Buy and hold 1
 
What Is Buy and Hold? 2
 
Who Should Buy and Hold? 2
 
My Numbers: Background and Terms 3
 
Now What? 3
 
Chapter 2 Stock Selection 5
 
What Comes After Large Price Moves? 6
 
Myth: Stocks That Drop Least in a Bear Market Then Soar 7
 
Stock Selection the Easy Way 8
 
Two Tips for Stock Selection 9
 
Buy Fallen Angels 10
 
What Chart Patterns Appear Before Mergers and Buyouts? 10
 
What Are Insiders Doing? 13
 
Chapter 3 Book Value 17
 
Book Value Defined 18
 
Value Assets Properly 18
 
Investing Using Book Value 19
 
When Is Book Value Important? 19
 
The Value of Hidden Assets 20
 
Limits of Book Value 21
 
Buybacks Lower Book Value 22
 
Historical Research 22
 
Price to Book Value: A Good Measure 24
 
Small Caps: Best Choice 25
 
Low Stock Price Rules! 27
 
Book Value and Return on Equity 28
 
What Is the Best Price to Book Value? 29
 
Combinations and Performance 30
 
Trading Strategy: Beating the Dow 31
 
The Eight-Stock Setup 32
 
Hold Time for Best Results 34
 
Chapter 4 Capital Spending 37
 
Is Decreasing Capital Spending the Holy Grail? 37
 
Capital Spending Trends versus Performance 38
 
Frequency Distribution 39
 
Performance by Market Cap 40
 
Chapter 5 Cash Flow 43
 
Historical Research Review 44
 
Cooking the Books 45
 
The Numbers 46
 
Is Increasing Cash Flow Good? 46
 
Performance by Market Cap 48
 
Chapter 6 Dividends 51
 
Stock Dividends: An Explanation 52
 
Historical Research Review 52
 
High Yield, High Performance? 53
 
Testing: Yield and Payout Ratio 54
 
Which Is Best: Dividends or No Dividends? 55
 
Surprise: Dividend Cuts Work! 55
 
When Disaster Strikes 57
 
Performance by Market Cap 58
 
Chapter 7 Long-Term Debt 61
 
The Numbers 61
 
Is Debt Good? 62
 
Sinking Ship: Taking on Debt 62
 
Debt by Market Capitalization 63
 
Chapter 8 Price-to-Earnings Ratio 67
 
History Lesson 67
 
Do Low P/E Stocks Outperform? 68
 
P/E Trends Down: Good or Bad? 69
 
Price and Earnings Combinations: Yawn 69
 
Buy Small Caps with Low P/E 70
 
High P/E: Time to Sell? 71
 

Three P/E Tips 71
 
Chapter 9 Price-to-Sales Ratio 73
 
Good Benchmark: PSRs Below 1.0 74
 
PSR Trend: Down Is Best 75
 
Small Caps, Small PSRs Rule! 75
 
Checklist: PSRs by Industry 77
 
Chapter 10 Return on Shareholders' Equity 81
 
Low ROE Stocks Outperform: Why? 82
 
ROE Trend Over Time: Yawn 83
 
ROE Performance by Market Capitalization 83
 
Chapter 11 Shares Outstanding 85
 
Performance versus Shares Outstanding 85
 
Event Pattern: Dutch Auction Tender Offers 87
 
Should You Sell? 87
 
Sell at What Price? 90
 
Event Pattern: Common Stock Offerings 91
 
Performance and Market Capitalization 93
 
Chapter 12 Fundamental Analysis Summary 95
 
Performance Rank: One-Year Hold 95
 
Performance Rank: Three-Year Hold 97
 
Performance Rank: Five-Year Hold 99
 
Chapter 13 How to Double Your Money 101
 
How Long to Double? 101
 
What Is the Best Buy Price? 102
 
Which Market Caps Do Best? 103
 
Focus on Fund

Report

"The three books in this series were written for people unfamiliar with the inner workings of the stock market, but will still curl the toes of professionals, too. Research is used to prove the ideas discussed, but is presented in an easy to understand and light-hearted manner. You will find the books to be as entertaining as they are informative and packed with moneymaking tips and ideas. Use the ideas presented here to hone your trading style and improve your success. Whether you are a novice who has never purchased a stock but wants to, or a professional money manager who trades daily, these books are a necessary addition to any market enthusiast's bookshelf."
- Alan Battista , Stockineer.com Book Review

Product details

• Authors: Bulkowski, Thomas N Bulkowski, Thomas N. Bulkowski, Tn Bulkowski
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 25.01.2013
• EAN: 9781118464205
• ISBN: 978-1-118-46420-5
• No. of pages: 320
• Series: Wiley Trading Series; Wiley Trading; Evolution of a Trader; Wiley Trading; Wiley Trading Series; Evolution of a Trader
• Subjects: Social sciences, law, business > Business > Business administration; trading, Börsenhandel, Finance & Investments, Finanz- u. Anlagewesen