When Stock Market Theory and Practice was written, there seemed the definite need for a comprehensive volume which should tell the reader "all you ought to know" about the stock market - its theory, its principles, its successful trading practices. Stock Market Theory and Practice was designed to give the individual a full and complete background of basic knowledge with which to pursue his general market activities. Schabacker has designed the present volume with an eye to getting the most in profit out of average market operation with the minimum of personal research, statistical background, and necessary attention. No attempt has been made to cover the entire field of market technique, particularly the more specialized and scientific fields. His attempt has been to present a purely simple rationalization of the entire scheme of market action and market activity, to boil the whole thing down to a common-sense and logical approach which even the inexpert and far-from-professional layman can easily understand and profitably apply.
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The term "insider" may be logically applied to those successful operators who do make the market their business. But anyone who takes enough time to study the market and align his operations with successful trends may just as logically remove himself from the "public" class of lambs and enter this indefinite but successful class of "insiders." "If it were not so" this book, and many others, would not have been written. -from "How to Join the Successful Group"
Richard Schabacker is considered the grandfather of technical analysis, and his theories and acumen are a continuing influence on investment philosophy today. This classic in the field and still of tremendous value to long-term, short-term, and beginning investors alike, covers, in clear, non-technical language, all the basics of making sure your money serves you well in the market: . the proper attitude-and the wrong approach-to investing . how to take advantage of cycles of business and securities . when to buy and sell . fundamental and technical factors to watch . the proper use of stock charts . market psychology and why it matters . how to diversify risk . whose advice to follow-and whose you should ignore . and much more.
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