The Secrets of Market Manipulation Revealed in Making It in the Market by Richard Ney PDF
Making It in the Market by Richard Ney: A Book Review
If you are interested in learning how to trade stocks successfully, you might want to read Making It in the Market by Richard Ney. This book, published in 1975, is considered a classic in the field of stock market analysis and investing. In this book, Ney reveals how the market is manipulated by insiders and how you can use his methods to spot and profit from their moves. In this article, we will review the main idea, key concepts, benefits, and drawbacks of reading this book.
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The main idea of the book: How to identify and profit from market manipulation
Ney's main thesis is that the stock market is not a random or efficient mechanism that reflects the true value of companies. Instead, he argues that the market is controlled by a small group of insiders who manipulate prices to their advantage. These insiders include large institutional investors, brokerage firms, market makers, specialists, analysts, media outlets, and regulators. They use various techniques such as buying and selling large blocks of shares, creating artificial supply and demand, spreading rumors and misinformation, influencing public opinion, and rigging indicators and statistics.
Ney claims that these insiders have a predictable pattern of behavior that he calls the Ney cycle. The cycle consists of four phases: accumulation, markup, distribution, and markdown. In each phase, the insiders use different strategies to buy low and sell high while misleading and exploiting the public. Ney explains how to recognize each phase by using his own indicators such as volume, price range, advance-decline line, new highs and lows, odd-lot activity, short interest, put-call ratio, margin debt, and sentiment surveys.
Ney's goal is to teach readers how to become independent traders who can think for themselves and not rely on conventional wisdom or advice from experts. He shows how to use his indicators to identify trends, reversals, breakouts, support and resistance levels, entry and exit points, stop losses, and profit targets. He also provides examples of real trades that he made using his system and explains his rationale behind them.
The key concepts of the book: The Ney method, the Ney cycle, and the Ney indicators
The Ney method is a set of rules and guidelines that Ney developed based on his observation and analysis of market behavior. The method consists of three steps:
Identify the phase of the Ney cycle that the market is in.
Select stocks that are in harmony with the phase of the cycle.
Apply technical analysis tools such as trend lines, chart patterns, moving averages, oscillators, etc. to confirm signals and refine timing.
The Ney cycle is a model that describes how the market moves in a cyclical manner due to the manipulation of insiders. The cycle has four phases:
Accumulation: This is the phase where the insiders buy large quantities of shares at low prices while keeping the market quiet and boring. They create a base or a bottom for the stock by absorbing all the selling pressure from the public. They also discourage potential buyers by spreading negative news and opinions about the stock.
Markup: This is the phase where the insiders drive up the price of the stock by creating artificial demand and excitement. They use various tactics such as issuing favorable reports and recommendations, generating positive media coverage, creating buying frenzies, and triggering short squeezes. They also attract new buyers by showing strong performance and momentum for the stock.
Distribution: This is the phase where the insiders sell their shares at high prices while keeping the market active and optimistic. They create a top or a peak for the stock by supplying all the buying demand from the public. They also encourage potential sellers by spreading positive news and opinions about the stock.
Markdown: This is the phase where the insiders drive down the price of the stock by creating artificial supply and panic. They use various tactics such as issuing unfavorable reports and warnings, generating negative media coverage, creating selling pressures, and triggering margin calls. They also scare away new buyers by showing weak performance and decline for the stock.
The Ney indicators are a set of tools that Ney created or modified to measure and monitor market activity and sentiment. The indicators include:
Volume: The number of shares traded in a given period. Ney uses volume to gauge the strength and direction of price movements, as well as to identify accumulation and distribution patterns.
Price range: The difference between the high and low prices of a stock in a given period. Ney uses price range to measure volatility and momentum, as well as to identify breakout and breakdown points.
Advance-decline line: The difference between the number of stocks that advance and decline in a given period. Ney uses advance-decline line to assess the breadth and health of the market, as well as to spot divergences and confirmations.
New highs and lows: The number of stocks that reach new 52-week highs and lows in a given period. Ney uses new highs and lows to evaluate the leadership and quality of the market, as well as to detect climaxes and reversals.
Odd-lot activity: The number of shares traded in odd lots (less than 100 shares) in a given period. Ney uses odd-lot activity to track the behavior and sentiment of small investors, who are usually wrong at market extremes.
Short interest: The number of shares sold short (borrowed and sold in anticipation of a price decline) in a given period. Ney uses short interest to measure the level of pessimism and bearishness in the market, as well as to anticipate short squeezes and rallies.
Put-call ratio: The ratio of put options (contracts that give the right to sell a stock at a specified price) to call options (contracts that give the right to buy a stock at a specified price) traded in a given period. Ney uses put-call ratio to gauge the level of fear and greed in the market, as well as to identify contrarian signals and opportunities.
Margin debt: The amount of money borrowed from brokers to buy stocks on margin (using borrowed funds to increase leverage) in a given period. Ney uses margin debt to measure the level of speculation and risk-taking in the market, as well as to predict margin calls and sell-offs.
Sentiment surveys: The results of surveys that ask investors about their expectations and outlooks for the market in a given period. Ney uses sentiment surveys to assess the level of optimism and confidence in the market, as well as to spot extremes and reversals.
The benefits of reading the book: How to improve your trading skills and avoid common pitfalls
Reading Making It in the Market can help you improve your trading skills and avoid common pitfalls in several ways:
You can learn how to think independently and critically about the market, rather than following the crowd or trusting experts blindly.
You can learn how to identify and exploit market manipulation, rather than falling victim to it or ignoring it.
You can learn how to use multiple indicators and tools to analyze market conditions, rather than relying on one or none.
You can learn how to select stocks that match your trading style and objectives, rather than chasing hot tips or trends.
You can learn how to manage your risk and emotions, rather than letting them control you or ruin you.
The drawbacks of reading the book: How to deal with outdated information and technical difficulties
Reading Making It in the Market also has some drawbacks that you should be aware of and deal with:
The book is outdated in some aspects, such as the data, examples, and references that Ney uses. The market has changed a lot since 1975, and some of the information and strategies may not be applicable or effective today. You should update your knowledge and research by using more recent and reliable sources.
The book is technical and complex in some parts, such as the calculations, formulas, and charts that Ney uses. The book assumes that you have some background and experience in stock market analysis and investing. You may need to review or learn some basic concepts and skills before reading the book.
The book is hard to find and access in some formats, such as the PDF version that you are looking for. The book is out of print and not widely available in physical or digital copies. You may need to search for alternative ways to obtain or read the book.
How to Download Making It in the Market by Richard Ney in PDF Format
If you want to download Making It in the Market by Richard Ney in PDF format, you have several options to choose from. Each option has its own advantages and disadvantages that you should consider before making a decision. In this article, we will compare and contrast three options: borrowing or buying a physical copy of the book and scanning it yourself, finding a digital copy of the book online and downloading it for free, and buying a digital copy of the book from an online retailer or publisher.
Option 1: Borrow or buy a physical copy of the book and scan it yourself
One option is to borrow or buy a physical copy of the book and scan it yourself using a scanner or a smartphone app. This option has some pros and cons:
You can get a high-quality PDF file that preserves the original layout and format of the book.You may have to spend time and money to find, borrow, or buy a physical copy of the book.
You can keep the PDF file for your personal use or share it with others who are interested in the book.You may have to spend time and effort to scan each page of the book and convert it into a PDF file.
You can respect the author's rights and avoid legal issues by not distributing or selling the PDF file without permission.You may have to deal with technical issues such as poor image quality, missing pages, or corrupted files.
Option 2: Find a digital copy of the book online and download it for free
Another option is to find a digital copy of the book online and download it for free from a website or a file-sharing platform. This option has some pros and cons:
You can save time and money by not having to find, borrow, or buy a physical copy of the book.You may not be able to find a reliable or complete digital copy of the book online.
You can access the PDF file anytime and anywhere from your device or cloud storage.You may violate the author's rights and face legal issues by downloading or sharing the PDF file without permission.
You can enjoy reading the book without having to scan or convert it into a PDF file.You may expose your device or data to malware or viruses by downloading or opening unknown files.
Option 3: Buy a digital copy of the book from an online retailer or publisher
A third option is to buy a digital copy of the book from an online retailer or publisher who offers it in PDF format. This option has some pros and cons:
You can support the author and publisher by paying for their work.You may have to pay more than you would for a physical copy of the book.
You can get a legitimate and secure PDF file that is compatible with your device and software.You may have to create an account or provide personal information to buy the PDF file.
You can download the PDF file instantly and easily from the website or email.You may have to abide by the terms and conditions of the website or publisher, such as limited downloads, DRM protection, or expiration date.
Conclusion: A comparison of the pros and cons of each option and a suggestion for the best one
In conclusion, each option for downloading Making It in the Market by Richard Ney in PDF format has its own pros and cons that you should weigh carefully before making a choice. Here is a summary of the comparison:
Option 1: Borrow or buy a physical copy of the book and scan it yourselfHigh-quality PDF file, personal use or sharing, respect for author's rightsTime and money to find, borrow, or buy a physical copy, time and effort to scan and convert, technical issues
Option 2: Find a digital copy of the book online and download it for freeTime and money savings, easy access and reading, no scanning or convertingUnreliable or incomplete digital copy, violation of author's rights, malware or viruses
Option 3: Buy a digital copy of the book from an online retailer or publisherSupport for author and publisher, legitimate and secure PDF file, instant and easy downloadHigher price, account or personal information, terms and conditions
Based on this comparison, we suggest that the best option for downloading Making It in the Market by Richard Ney in PDF format is option 3: buying a digital copy of the book from an online retailer or publisher. This option offers the most benefits and the least drawbacks compared to the other options. It allows you to get a high-quality, legitimate, and secure PDF file that you can download instantly and easily from a reputable source. It also allows you to support the author and publisher by paying for their work. The only downside is that you may have to pay more than you would for a physical copy of the book, but we think that it is worth it for the value that you get.
Frequently Asked Questions
Here are some frequently asked questions about Making It in the Market by Richard Ney and how to download it in PDF format:
Who is Richard Ney and why is he qualified to write this book?
Richard Ney was an actor, author, investor, and political activist who was best known for his role in the film Mrs. Miniver (1942). He became interested in stock market analysis after losing money in the 1950s. He developed his own methods and indicators based on his observation and research of market manipulation. He wrote three books on this topic: The Wall Street Jungle (1970), The Wall Street Gang (1974), and Making It in the Market (1975). He also founded his own investment advisory firm and newsletter.
What is the main difference between Making It in the Market and Ney's other books?
The main difference between Making It in the Market and Ney's other books is that Making It in the Market is more focused on teaching readers how to apply his methods and indicators to their own trading. The other books are more focused on exposing and criticizing the corruption and deception of Wall Street insiders. Making It in the Market also contains more examples, charts, formulas, and data than the other books.
Is Making It in the Market still relevant today?
Making It in the Market is still relevant today because it provides valuable insights and lessons on how to understand and profit from market manipulation. Although some of the information and strategies may be outdated or obsolete due to changes in technology, regulation, and competition, many of the principles and concepts are still applicable and useful today. You can update your knowledge and research by using more recent and reliable sources.
How can I learn more about Ney's methods and indicators?
You can learn more about Ney's methods and indicators by reading his other books, The Wall Street Jungle and The Wall Street Gang. You can also read his newsletter, The Ney Report, which he published from 1976 to 1999. You can also find some articles, videos, podcasts, blogs, forums, courses, software, etc. that discuss or teach Ney's methods and indicators online.
Where can I buy a digital copy of Making It in the Market by Richard Ney in PDF format?
You can buy a digital copy of Making It in the Market by Richard Ney in PDF format from various online retailers or publishers who offer it. Some of them are:
Amazon: You can buy the Kindle edition of the book for $9.99 and read it on your Kindle device or app. You can also convert it to PDF using a free online tool or software.
Barnes & Noble: You can buy the Nook edition of the book for $9.99 and read it on your Nook device or app. You can also convert it to PDF using a free online tool or software.
Google Play: You can buy the Google Play edition of the book for $9.99 and read it on your Google Play device or app. You can also download it as a PDF file from your Google Play account.
Kobo: You can buy the Kobo edition of the book for $9.99 and read it on your Kobo device or app. You can also download it as a PDF file from your Kobo account.
Apple Books: You can buy the Apple Books edition of the book for $9.99 and read it on your Apple device or app. You can also export it as a PDF file from your Apple Books app.
I hope you enjoyed reading this article and learned something useful from it. If you have any questions or feedback, please feel free to contact me. Thank you for your time and attention. 71b2f0854b