Review of Sam Weinstein's Book

Sam Weinstein's book Secrets for Profiting in Bull and Bear Markets is probably the best book a beginner could buy. Weinstein outlines the basic price structure of stocks; support, resistance, and moving averages. He also explains in great detail the four stages of a stock; Stage one base, Stage two uptrend, Stage three top, and Stage four decline. These basic principles are essential for a beginning trader to make money in the stock market. He gives multiple examples for everything he talks about and gives charts of many of his past trades.

The two things Sam focuses on the most are how to identify the companies that are poised to breakout, and how to get into and out of the trade. He also discusses in lesser detail some well known chart paterns such as Head and Shoulders, Double Top, etc. While these things can be profitable to trade, it won't matter one bit if you don't under stand what stage a stock is in. The basic priciples that are covered in this book are very important to profiting in the stock market.

The book was written in the late 80's, but these basic priciples still apply today. You will probably notice as you surf through different trading blogs that this book continually appears on people's sites. That is because this book was important to these traders when they were first starting out.

I've included a link to the book on Amazon on my main page. It's on the right hand side about half way down the page. I would urge you to go ahead and read the reviews others have written. You can purchase the book for under $10, so dollar for dollar, this is probably the best book you could buy.