Ross Haber, co-founder of TraderLion and former portfolio manager at William O'Neil & Company, shares his growth-focused trading philosophy. He emphasizes combining technical and fundamental analysis, particularly the impact of market leaders. Ross discusses the evolution of the CanSlim strategy and the crucial role of earnings. He highlights risk management techniques and the importance of adapting strategies to market cycles. Listeners will gain insights into innovative trading methods and the significance of mastering market timing.
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Ross's Career Path
Ross Haber started as a retail stockbroker in South Florida after graduating from the University of Florida.
Working at Oldie Discount, he was introduced to William O'Neil's trading strategies through a client, which led to a career shift.
insights INSIGHT
Timeless Strategies
CANSLIM, though seemingly old, is based on timeless principles from traders like Jesse Livermore.
O'Neil expanded upon these principles, adding more detail and refining the approach.
question_answer ANECDOTE
Jesse Livermore's Story
Jesse Livermore, a renowned trader, amassed wealth by observing patterns and capitalizing on trends.
However, his lack of risk management led to financial ruin and ultimately, suicide.
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This book is a classic in the realm of stock market literature, detailing the life and trading experiences of Jesse Livermore, a legendary trader, under the pseudonym 'Larry Livingston'. It explores Livermore's journey from his early days in 'bucket shops' to becoming a prominent figure on Wall Street. The book highlights the importance of understanding market psychology, the dangers of overtrading, and the need for discipline and independent analysis in trading. Despite being written nearly a century ago, its lessons on market dynamics and human nature remain relevant today[2][3][4].
How to Make Money in Stocks
A Winning System in Good Times and Bad
William J. O'Neil
In this book, William J. O'Neil presents his CAN SLIM investing system, a proven 7-step process for minimizing risk and maximizing gains. The system combines analysis of company earnings, chart patterns, and market trends to identify winning stocks. O'Neil emphasizes the importance of strong earnings growth, institutional buying, and specific chart formations like the 'cup with handle.' He also stresses the need to cut losses quickly and lock in profits systematically. The book is based on a major study of market winners from 1880 to 2009 and provides practical advice for both novice and experienced investors.
Ross Haber’s trading philosophy is built on growth-focused strategies, heavily influenced by William O'Neil. Combining both technical and fundamental analysis, Ross emphasizes the importance of identifying leaders in strong market sectors and adapting to market cycles.
Optimizing the use of relative strength, moving averages, and volume analysis, and tailoring it to each stock’s unique personality combined with his ability to manage risk through strategic scaling techniques and sell stops has been one of the cornerstones of his success.
About Ross Haber
During his tenure as Portfolio Manager at William O'Neil & Company from 1998 to 2001, Ross played a pivotal role in the firm's remarkable growth. As part of an elite investment team, he helped transform a $15 million portfolio into an impressive $850 million in assets under management. Ross has since co-founded Trader Lion, where he continues to apply his extensive market expertise.
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