“How Legendary Traders Made Millions” will showcase the many lessons that you can learn as you analyze and understand history so as to be better prepared to profit from current and future time periods. And as the market has consistently proven, because human emotions are involved, repeatable patterns keep recurring over and over. If you have the blueprint of history, study and know it well, and understand how the very best performers managed to reap the best returns, that knowledge can only benefit you for future profitable successes. And though many may state that it is easy to look in the rearview mirror and then conduct reasonable analysis, “How Legendary Traders Made Millions” will show that experience and knowledge from the past does not hurt your probability for future success and can definitely assist in your quest for future stock market profits.
How Legendary Traders Made Millions will take us through each decade of the stock market starting from 1897 to the present time of this writing. It is not intended to chronicle the history of Wall Street and many of the influential people of each era, as there are already a number of good quality books that detail that type of Wall Street history (some are listed in the Bibliography and Resources section at the end of this book). Rather, this book will look more at the details of the market’s action itself over the past 100 plus years. Don’t worry — it will summarize much of the analysis so as not to bore the reader with dry “old” history. Again, it’s critical to understand why it’s so important to study the actions and history of the market to gain foresight. Because the action of the general market influences the majority of most all other stocks, one must first start in the most logical place for analysis, which is the market itself.
From there you will see how parallels coexist between the market and the leading stocks that make up the general market. And as the four quotes from two of the most successful and influential stock market traders of all time during the past century at the beginning of this Introduction attest to, if you don’t think knowledge of history in the stock market and past experiences and lessons can lead to future success, you will be at a huge disadvantage when it comes to battling the stock market for future profits. You’ll also notice that no academic “experts” will be mentioned in this book for their take on the stock market. That’s because this book only deals with facts and real-world results from a handful of traders who had their own money on the line, lost their own money, and then through their own hard work figured out how the stock market really works, so they could stay on the profitable side of the market and then make millions in profits.
What this book will also do is look at the leading stocks of all eras and the exciting leading industries that were created that represented strong bull markets and how those leading stocks of each era came to be the real leaders and how you can use past information to spot the new leaders in upcoming markets. It will illustrate how the market always looks ahead and how astute investors discovered when the markets began to turn upward after pro-longed declines and offered up incredible profit opportunities. It will look at how the markets topped before they began some of their dramatic descents and how staying attuned to the market’s action and acting on it preserved past profits and avoided future losses for the very best traders.
Most importantly, this book will analyze how many of the greatest stock traders over history (all of those featured in my first book “Lessons from the Greatest Stock Traders of All Time,” which included Jesse Livermore, Bernard Baruch, Gerald Loeb, Nicolas Darvas, and William J. O’Neil — and then adding in a few other notable traders and introducing a new one as well) acted upon the market environments of their time and how they recognized, profited, and avoided large losses on many of the leading and active stocks of their day. Make no mistake; they all suffered losses as well, but their discipline and trading rules limited their losses so as not to cause major damage to their portfolios. Their understanding of the actions of the market is proof enough that historical market knowledge can lead to very profitable future investment results. In addition, this book will illustrate how many times throughout history the market gave leading cues in advance of either topping or bottoming and gave those signals out in plenty of time for astute and observant investors to make profitable moves on either side of the market.
- Industrial Stocks Produce a Millionaire (1897–1909)
- A Few Sidestep Landmines to Profit (1910–19)
- Shrewd Traders Made and Kept Millions (1920–29)
- Patience and Flexibility Lead to Profits (1930–39)
- Victory Creates More Opportunity for a Legendary Trader (1940–49)
- Innovative Stocks Produce Fabulous Profits (1950–59)
- A “Go-Go” Bull Run Puts Profits in Pockets That Studied History (1960–69)
- Most Get Whipped Up and Down Except the Best (1970–79)
- A Great Trader Outruns the Bull and Avoids the Crash (1980–89)
- NewTechnologies Produce UnprecedentedOpportunities (1990–99) 181
- Avoiding Bear Tracks Keeps Prior Profits in Expert Accounts (2000–2004)
- Learning from the Lessons of History and the Greatest Traders
How Legendary Traders Made Millions: Profiting From the Investment Strategies of the Gretest Traders of All time By John Boik pdf