On the Bookshelf
“How to Make Money in Stocks—Getting Started” (McGraw-Hill, 2013) is a beginner’s guide to Investor’s Business Daily’s ( CAN SLIM system. Author Matthew Galgani says “this book is meant to supplement, not replace” William O’Neil’s “How to Make Money in Stocks” (McGraw-Hill, 2010). Those who have read O’Neil’s book and comprehend the system can feel comfortable skipping Galgani’s book; those who want a step-by-step approach may find the new text helpful.
Galgani walks readers through the basics of the CAN SLIM system, giving instructions on both buying and selling. At times it is repetitive, mentioning parts of the IBD website—such as the Market Pulse table—frequently. It also veers on the promotional, orienting investors to the IBD website and reminding them of the free trial.
The book does, however, show how to implement the system. There is enough clarity that CAN SLIM could be implemented without subscribing to IBD. To that end, it is a helpful text for those looking for a trading system that incorporates fundamental and technical indicators.
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