Rolling Stocks: Making Money on the Ups and Downs

by Gregory Witt

Book Overview

From Wikipedia: A stock market or equity market is a public entity (a loose network of economic transactions, not a physical facility or discrete entity) for the trading of company stock (shares) and... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0910019630
• ISBN13: 9780910019637
• Release Date: July 1998
• Publisher: Lighthouse Publishing Group
• Length: 197 Pages
• Weight: 1.25 lbs.
• Dimensions: 0.8" x 6.4" x 9.5"

Customer Reviews

Yes, there are other books out there

Aside from this outstanding book by Gregory Witt, there is also Wall Street Money Machine Vol. 1 & 2, 2 Down Years and Up We Go and Red Light Green Light. So yes, there are other books out there, but this is still the best one on Rolling Stocks. The information on stochastics and moving averages is excellent.

Powerful. Sure beats "Buy and Hold"

In the past year, I made thousands with the adice primarily rollig two gold stocks and using moving averages.Gregory Witt is witty (pun intended) and an excellent trainer. This book is an easy read along with being very powerful.I highly recommend this book along with Bear Market Baloney (WSMM#3) and Wall Street Money Machine#1.These books will make you money and it sure beats "buy and hold" (or is that buy and hope???)Good luck with your investing!

A Short-Term Trading Strategy for Individual Investors

Rolling Stocks is an elaboration on an investing concept articulated by Wade Cook. It is a little hard to explain without a graph, but bear with me while I try. Imagine that you have a historical daily stock-price chart in front of you. If draw a line between the highest two tops of the prices and another through the lowest two bottoms . . . and those two lines are more or less parallel (run in the same direction), you have found a rolling stock. Basically, it is a stock that operates like a sine curve (if you remember what those look like from trig class). Or think of it as an undulating wave bounded on the top and bottom. Stocks will sometimes trade in these circumscribed ranges for some time, falling from the tops of the range to the bottom, then rising back to the top, and repeating.If a stock does exactly this quite frequently, you can buy near the lows and sell near the highs, let the stock drop, and do it all over again. That's the fundamental idea. This has been a standard trading strategy of professional investors for decades. What is different about this book is that it is the most complete articulation of how to pursue this trading strategy that I have seen. As such, it may provide the basis for some individual investors to learn how to use it. The book describes the strategy in detail, provides some examples, takes you through some case histories, shows you how to find these stocks, provides ways to finetune the strategy for higher rewards, portrays the risks and rewards, and shows you where to get more information.Mr. Witt reports that he most frequently finds such stocks among the lowest priced stocks, after they fall from a higher level, before they breakout to a higher level, with attractive stochastics (a form of technical analysis) which are probably representing ownership in a company that is unprofitable. In other words, the company's stock is in a funk because the company is in trouble.Now, let me share my analysis and reactions with you. First, these are usually companies that are in trouble. Such stocks can break down in price very quickly. So even using stop-loss orders, you can take a 10-40 percent loss on the downside before you get out. Since the book advises you to usually place your stop-loss order at a higher price, you may do worse unless you are following the stock continuously. Second, if you have never heard of stochastics before, this method may take more learning than you want to do. Third, although the method is well described, it is more art than science. So you'll have to develop a touch and a feel. My suggestion is that you work with paper and pencil first. Then, if you are getting good results and like what you are doing, commit some real money. But start slowly. This should probably never be more than 10 percent of your financial assets. Fourth, you will miss out on making much money if the market moves up quickly. Sure, you'll be able to sel

It really does work!

I was very skeptical about this strategy (as I am will all money making strategies), but I thought for $20, why not? I read through it and used his guidelines (>50k volume, < $10, Stochastic < 20) to find a stock and try it. I found Versant VSNT which has been rolling between 3 15/16 and 4 3/4. I was a little late in buying it, but on 7/19, I bought it at 4 1/2, just to experiment. I sold it on 7/24 for 5 after the stochastic issued a sell signal early in the day. Thats an 11% return in 4 trading days (or for fun, a 555% annualized return). Not an outrageous return, but not bad for my first attempt. I hope to get better returns as my skills improve. Buy this book, the strategy works! It will take you some time to find the stocks, but it can be done using nothing but the search engine at MSN Moneycentral or Telechart 2000.

Rolling Stocks into a rolling cash machine

There is a science to successfully making money in rolling stocks and this excellent book discusses that science. I've been rolling three stocks and getting consistent and predictable cash flow. I'm not surprised to see the negative reviews, in fact I would be disappointed if there were none. This book is not for everyone, only those who want to make money. The others: they prefer to make excuses. Excellent book. You'll profit from it.