Investor’s Business Daily – An Old Friend in my Stock Trading
You may or may not be aware of the fact that one of the very first books I ever read on trading was How to Make Money in Stocks, by William O’Neil. I actually credit that book for both introducing me to the basics of technical analysis (specifically charting) and for providing me with the basis for the way I have most successfully traded the stock market ever since. For anyone interested in trading stocks, I cannot recommend a book more highly. (Note: I do not, however, recommend How to Make Money Selling Stocks Short, which I found to be extremely disappointing, and said as much on Amazon.)
Back when I first started really getting into stock trading I read Investor’s Business Daily on a regular basis (back then it was just Investor’s Daily). It’s the paper originated by William O’Neil to compete with the Wall Street Journal. I was fortunate enough to have been working in convenience stores which carried it so I could get free access on a regular basis. In all honesty, the writing and story content of the Journal I considered better, but the IBD data was the best, and that’s what I wanted. I used to go through all of the charts looking for interesting trading candidates.
Of course back in those days there was only the print edition. Now there’s the online version of the paper. I wish I had it back in the day. It would have saved my poor eyes! And the online version of the paper has all the same information as the paper without all the ink on my fingers.
Regardless of whether one goes with the print or digital version, subscribers get access to a bunch of nice tools to help you make the most of all the information. It’s now much easier to find out the stocks that are really interesting.
I definitely recommend IBD for any stock trader. In my day job we keep track of the stocks showing up in the paper because they tend to garner a great deal of trader interest, which means they are usually movers.
Struggling with support & resistance and knowing what the key market levels are? Check out the Price Distribution Analysis methods I use.
Comments are closed.