As of 07/11/2024
  Indus: 39,754 +32.39 +0.1%  
  Trans: 15,430 +330.93 +2.2%  
  Utils: 939 +20.22 +2.2%  
  Nasdaq: 18,283 -364.04 -2.0%  
  S&P 500: 5,585 -49.37 -0.9%  
  Targets    Overview: 06/28/2024  
  Up arrow40,000 or 38,000 by 07/15/2024
  Up arrow15,950 or 14,750 by 07/15/2024
  Up arrow960 or 890 by 07/15/2024
  Up arrow19,200 or 17,800 by 08/01/2024
  Up arrow5,750 or 5,500 by 08/01/2024
As of 07/11/2024
  Indus: 39,754 +32.39 +0.1%  
  Trans: 15,430 +330.93 +2.2%  
  Utils: 939 +20.22 +2.2%  
  Nasdaq: 18,283 -364.04 -2.0%  
  S&P 500: 5,585 -49.37 -0.9%  
  Targets    Overview: 06/28/2024  
  Up arrow40,000 or 38,000 by 07/15/2024
  Up arrow15,950 or 14,750 by 07/15/2024
  Up arrow960 or 890 by 07/15/2024
  Up arrow19,200 or 17,800 by 08/01/2024
  Up arrow5,750 or 5,500 by 08/01/2024

Bulkowski's Books

Picture of Encyclopedia of chart patterns 3rd edition

4/19/2024: Added book correction to Swing and Day Trading.

Amazon Links to My Books

Bumper's Story (fiction)
Head's Law (fiction)
Remember Me (fiction)

Links Below to Book Details

Bumper's Story (a dog story)
Head's Law (science fiction)
Remember Me (a collection of short stories)

Book Corrections


Invest for Two-Comma Wealth

Picture of 'Invest for two-comma wealth' book.

Invest for Two-Comma Wealth

Invest for Two-Comma Wealth ($1,000,000) is an entry-level yet comprehensive book about investing in the securities markets to grow your net worth. From annuities, bonds, and CDs, to common stocks, meme stocks, and cryptocurrency, the book explains each topic in an easy-to-understand manner.

It teaches you about scams, and how to avoid them, including those “free” lunch seminars that try to sell you something, either immediately or months later. It explains why owning your home may not be a good investment and buying gold coins with huge sales charges put you at a disadvantage.

Follow Susan as she does everything right and Basketcase Bob who serves as an example of what not to do.

If knowledge is the way to wealth, then this book is for you. Use the information in this book to invest for the long term and discover that one day you’ve joined the two-comma club.

Price $20, soft cover, print only, 300+ pages.

Here's an abbreviated list of contents.

Top of page

Remember Me

Picture of remember me book.

Remember Me (fiction)

I wrote this book because I felt it would be a shame if I died and no one read my short stories. Think: legacy.

Remember Me is a collection of short stories. Some are science fiction, some fantasy, some light romance, and some are biographical. All of them are entertaining and well-written.

If you visit, use the Look Inside feature to read an excerpt. I wanted to give away the e-book for free, but Amazon has a minimum of $0.99 so that's where it's priced. The paperback is more expensive, of course.

Here's the table of contents.

Click this link. It'll take you to where you can find more details about the e-book and paperback.

Top of page

Bumper's Story

Picture of Bumper's Story book.

Bumper's Story (fiction)

Pushed out the window of a speeding pickup, the puppy found her way to a farmhouse. One allergic sneeze by the farmer's wife meant the puppy would bounce from owner to owner. Would Bumper find a home full of happiness or be imprisoned in a dog pound on death row?

Share the adventures of this spunky little dog as well as the difficulties faced by every pet owner who opens their heart, experiences the special joy a pet brings, but also grapples with the inevitable aging and loss of man's best friend. Buy, read, and enjoy Bumper's Story.

Based on actual events.

Read an excerpt (577k, pdf)

Buy it here:  Kindle   Nook

Top of page

Head's Law

Picture of Head's Law book.

Head's Law (fiction)

"Pay your bills or die," says Mayor Head. He's killing gears faster than the environment.

For ten years, no gear has survived birth. No one knows why. Mayor head doesn't consider that a problem. He makes money when others die.

But when a freak event jolts baby Freeman to life, Freeman begins changing the world in unexpected ways.

Will Mayor Head let Freeman and his friends live to create a better world, or will Head's Law kill them as it has so many others?

As uplifting as Bach's Jonathan Livingston Seagull and as rebellious as Ayn Rand's Anthem, Head's Law is as unique as it is thrilling, a science fiction masterpiece with non-stop action.

This debut novel from one of America's most talented writers, will not only capture your heart, but keep it pounding to the very end.

Read an excerpt (220k, pdf)

Buy it here:  Kindle  Nook

Top of page

Which Non-Fiction Book Should I Buy First?

I am often asked what is the difference between my books, and which one should I buy first? Here's the answer.

Top of page

One Testimonial

Here's a testimonial that's worth reading not for what he says about my books (which is nice) but about his success trading the markets.

Dear Mr. Bulkowski,

I'm a 22-year old college student and an options trader. For the last year and four months, before June, I virtually traded options at real time, turning one hundred thousand into five million. Then, at the beginning of the summer, I opened my first real money account, and have made a little less than 1,200% on my account, never having more than 30% of my entire account invested at one time, never having more than 15% in one stock (now no more than 10%, eventually I'll get it down to having no more than 5%).

I got started in charts with Getting Started in Chart Patterns, I followed that book with Encyclopedia of Chart Patterns, and followed that with Trading Classic Chart Patterns, with the recommendations listed on Dan Zanger's site. I loved those books so much that I bought Encyclopedia of Candlestick Charts, since I'm a fan of charts. I was amazed at how much I had already figured out. You put names to what I was just observing and statistics that made me even more profitable. I keep both your encyclopedias next to my computer while I go over my stocks ever night, and I see a break out.

My parents are mad at you because now they can't claim me on their taxes this year. Just kidding, I bought my dad the boat he always wanted because they matched my account which gave me a few extra dollars to play with.

I hope your trading is doing well and your doing well.

Thank You So Much. Your Books Are Awesome.

-- Trader01603

Top of page

Thinking of buying an Encyclopedia? Read this.

Occasionally I receive emails thanking me for my website and books. However, it's rare to receive one like what you'll read next (used with permission). Thanks for the kind words, C.O.

Mr. Bulkowski:

I wrote to you some 9 years back or so, to tell you of my success trading. Starting with $2k in 2009, by 2011, I had turned it into $430K. Unlike most, my story didn't stop there. I've had only two losing years, 2016 (my father died) and I lost 14%, and 2017, I got married and I lost 12%. Other years I've had returns that could be called major. I have since traded consistently into the high seven figures. Last year was a golden year for me, where I traded a $10K Vacation account into $530K (as well as seeing a near 1,000% return on my major account--a good come back after two down years.)

I'm a 90% Technical Trader that trades everything. Stocks, futures, and Forex. And I've used your two encyclopedias as my tools to trade those markets clearly.

Encyclopedia of Candlestick Charts [pictured] is by far one of the most in depth books I've read on the subject of candlestick charting, and it's also the most accurate, and inaccurate (but it's what I've used to make the most profit on). Using Candlestick patterns isolated, I've seen continuation moves after an engulfing pattern that should've been a reversal, and each of the failure ,or randomness that you attest to I've seen. This makes the book hugely accurate. But, your analogy of three blind men being no better at finding their location together, than apart, I believe is wrong. Not the analogy itself, but the argument that taking Candlestick patterns into consideration in a bigger picture.

[Encyclopedia of Chart Patterns, 2nd Edition, pictured on the right is the second encyclopedia he is referring to] I began to combine them with basic chart patterns. Broadening ascending and descending patterns, Inverted cups, Head and shoulders (complex and simple), Bump and Run patterns, Encyclopedia of Chart Pattern, 3rd Edition double top, and double bottom, and about 6 or so other patterns that I've found along the way that work across markets, and have been hugely profitable.

It's been a decade since I've started trading. A decade of reading and studying your books, watching and comparing things to the markets, and I must say, your two encyclopedias have produced some of the best and most accurate frames of patterns and their reliability that I've ever seen.

Just thought I'd share that with you. Heartfelt thank you for all you've added to the trading community.

C. O.

Top of page

Chart Patterns: After the Buy

Picture of chart patterns: after the buy book.

Chart Patterns: After the Buy is a companion book to Encyclopedia of Chart Patterns.

I looked at thousands of chart patterns to discover how they behaved after placing a trade. Then I used that knowledge to help predict which chart patterns would outperform.

The book covers the most popular chart patterns but also other seldom-discussed patterns, too.

View a chapter excerpt on double bottoms (pdf: 1.58 mb) by clicking the link, courtesy of John Wiley & Sons.

Chart Patterns: After the Buy Table of Contents



About the Author

Chapter 1: Big M

Chapter 2: Big W

Chapter 3: Broadening Bottoms

Chapter 4: Broadening Tops

Chapter 5: Double Bottoms

Chapter 6: Double Tops

Chapter 7: Earnings Miss

Chapter 8: Flags and Pennants

Chapter 9: Head-and-Shoulders Bottoms

Chapter 10: Head-and-Shoulders Tops

Chapter 11: Measured Move Down

Chapter 12: Measured Move Up

Chapter 13: Price Mirrors

Chapter 14: Price Mountains

Chapter 15: Rectangles

Chapter 16: Reversals and Continuations

Chapter 17: Straight-Line Run Down

Chapter 18: Straight-Line Run Up

Chapter 19: Tops and Bottoms

Chapter 20: Trends and Countertrends

Chapter 21: Triangle Apex and Turning Points

Chapter 22: Triangles, Ascending

Chapter 23: Triangles, Descending

Chapter 24: Triangles, Symmetrical

Chapter 25: Vertical Run Down

Chapter 26: Vertical Run Up



Top of page

Here's what has to say.

Chart Patterns: After the Buy goes beyond simple chart pattern identification to show what comes next. Author and stock trader Thomas Bulkowski is one of the industry's most respected authorities in technical analysis; for this book, he examined over 43,000 chart patterns to discover what happens after you buy the stock. His findings are detailed here, to help you select better buy signals, avoid disaster, and make more money.

Bulkowski analyzed thousands of trades to identify common paths a stock takes after the breakout from a chart pattern. By combining those paths, he discovered the typical routes a stock takes, which he calls configurations. Match your chart to one of those configurations and you will know, before you buy, how your trade will likely perform. Now you can avoid potentially disastrous trades to focus on the big winners.

Each chapter illustrates the behavior of a specific pattern. Identification guidelines help even beginners recognize common patterns, and expert analysis sheds light on the period of the stock's behavior that actually affects your investment. You'll discover ideal buy and sell setups, how to set price targets, and more, with almost 370 charts and illustrations to guide you each step of the way. Coverage includes the most common and popular patterns, but also the lesser-known ones like bad earnings surprises, price mirrors, price mountains, and straight-line runs. Whether you're new to chart patterns or an experienced professional, this book provides the insight you need to select better trades.

Knowing the pattern is one thing, but knowing how often a stop will trigger and how often you can expect a stock to reach its target price is another matter entirely-and it impacts your trade performance immensely. Chart Patterns: After the Buy is the essential reference guide to using chart patterns effectively throughout the entire life of the trade.

Top of page

Getting Started in Chart Patterns, Second Edition

Picture of Getting Started in Chart Patterns book.

Getting Started in Chart Patterns, 2nd Edition Chart pattern analysis is not only one of the most important investing tools, but also one of the most popular. Filled with expert insights and practical advice from one of the best in the business, Getting Started in Chart Patterns, Second Edition helps new and seasoned traders alike profit by tracking and identifying specific chart patterns.

Substantially revised and expanded, this new edition of the popular guide now includes additional charts for ETFs and mutual funds. It introduces more than 40 key chart formations, as well as trading tactics that can be used in conjunction with them. It supplies actual trades (with dollar amounts), along with author Thomas Bulkowski's frank discussion of how trading behavior can affect the bottom line.

Interwoven throughout the technical presentations are fascinating anecdotes drawn from the author's quarter-century as a professional trader that vividly demonstrate how one of the best in the business leverages the power of chart patterns.

Getting Started in Chart Patterns, Second Edition Table of Contents

Preface to First and Second Editions


Chapter 1: Introduction to Chart Patterns

Chapter 2: Identifying Chart Patterns

Chapter 3: The Truth about Trendlines

Chapter 4: Support and Resistance

Chapter 5: Ten Buy Signals

Chapter 6: Ten Sell signals

Chapter 7: Special Situations

Chapter 8: Busted Patterns

Chapter 9: More Trades: Putting it All Together

Chapter 10: The Art of Trading: Checklists

Chapter 11: Crunching the Numbers


Visual Index of Chart Patterns

About the Author



"I started out in late 2003 with $123,000 in our multiple IRA accounts. My results, focusing exclusively on the Precious Mining Junior Exploration Companies, really took off AFTER I read your [Getting Started in Chart Patterns] book. By March 2006, our IRA accounts had exceeded $1,000,000. Your explanations of Support & Resistance; Fibonacci retracements; and High, Tight Flag formations really paid off!" -- email from Rich K. of California

Top of page


(from the book cover):

"When it comes to chart reading, Thomas Bulkowski can be categorized as a sui generis (constituting a class alone). Combining objective analysis with a fictional element has resulted in a highly entertaining read, one that any trader will benefit from." Jayanthi Gopalakrishnan, Editor of Technical Analysis of Stocks & Commodities magazine.

"Nobody explains the nuts and bolts of how - exactly - to use chart patterns to make real money in trading like Tom Bulkowski. I always do better in my own trading after reading a Bulkowski book. This is the practical, down-to-earth guidance you have been looking for in books on technical analysis. Bulkowski doesn't give you platitudes - he gives you live examples. Even better, he admits that patterns don't always deliver what we expect and he quantifies both success and failure rates for the top moneymaking patterns. Nobody writes about chart work better than Bulkowski." - Barbara Rockefeller, independent trader and advisor (, author of Technical Analysis for Dummies.

"In Getting Started in Chart Patterns, Bulkowski offer easy-to-apply advice for looking at charts and making them work more effectively for you in your trading. It is his passion; it probably also will become yours after reading this book. A must for budding technicians!" - Gail Osten, Executive Editor of Stocks, Futures & Options (SFO) magazine.

Top of page

Trading Basics: Evolution of a Trader

Picture of trading basics book.

Trading Basics

This is a portion of Trading Basics: Evolution of a Trader from the preface

The three books in the Evolution of a Trader series were written for people unfamiliar with the inner workings of the stock market, but will curl the toes of professionals, too.

Research is used to prove the ideas discussed, but is presented in an easy to understand and light-hearted manner. You will find the books to be as entertaining as they are informative and packed with moneymaking tips and ideas. Use the ideas presented here to hone your trading style and improve your success.

Whether you are a novice who has never purchased a stock but wants to, or a professional money manager who trades daily, these books are a necessary addition to any market enthusiast's bookshelf.

Trading Basics

The first book in the Evolution of a Trader series begins with the basics, creating a solid foundation of terms and techniques. Although you may understand market basics, you will learn from this book.

How do I know? Take this quiz. If you have to guess at the answers, then you need to buy this book. If you get some of them wrong, then imagine what you are missing. Answers are at the end of the quiz.

From Chapter 2, Money Management

1. True or false: Trading a constant position size can have disastrous results.
2. True or false: A market order to cancel a buy can be denied if it is within two minutes of the Nasdaq's open.
3. True or false: Dollar cost averaging underperforms.

From Chapter 3: Do Stops Work?

1. True or false: Fibonacci retracements offer no advantage over any other number as a turning point.
2. True or false: A chandelier stop hangs off the high price.
3. True or false: Stops cut profit more than they limit risk.

From Chapter 4: Support and Resistance

1. True or false: Peaks with below average volume show more resistance.
2. True or false: Support gets stronger over time.
3. True or false: The middle of a tall candle is no more likely to show support or resistance than any other part.

From Chapter 5: 45 Tips Every Trader Should Know

1. True or false: Fibonacci extensions are no more accurate than any other tool for determining where price might reverse.
2a. True or false: Only bullish divergence (in the RSI indicator) works and only in a bull market.
2b. True or false: Bullish divergence (in the RSI indicator) fails to beat the market more often than it works.
3. True or false: Price drops faster than it rises.

From Chapter 6: Finding and Fixing What Is Wrong

1. True or false: The industry trend is more important than the market trend.
2. True or false: Holding a trade too long is worse than selling too early.
3. True or false: Sell in May and go away.

The answer to every statement is true.

Top of page

Trading Basics Table of Contents

Chapter 1: How to Retire at 36

Chapter 2: Money Management

Trading: How Much Money, Honey?
Order Types: Read The Fine Print!
Position Sizing: My Story
Position Sizing by Market Condition: Bull or Bear?
How Many Stocks to Hold?
A Better Way? Portfolio Composition
Hold Time: How Long is Long Enough?
Hold Time: My Trades
The Money Management Matrix
Should You Scale Into Positions?
Averaging Down: Throwing Away Money or Smart Choice?
Scaling Out of Positions: A Profitable Mistake?
Dollar-Cost-Averaging: Good or Bad?
Using Leverage: An Expensive Lesson!
Leverage Guidelines Checklist
Chapter Checklist

Chapter 3: Do Stops Work?

What Is Hold Time Loss?
Mental Stop: For Professionals Only!
Minor High or Low Stop: A Good Choice
Squaring Off Round Numbers
Chart Pattern Stop: Too Costly?
Stopped by a Moving Average
The Truth about Trendlines
Trendline Stop
Fibonacci Retrace Stop: Deal or Dud?
Fixed Percentage Trailing Stop
Volatility Stop
Chandelier Stop Leaves You Hanging
Testing Six Stop Types
What I Use
Chapter Checklist

Top of page

Chapter 4: Support and Resistance

Types of Support and Resistance
Measured Move Support and Resistance
Minor High Resistance
Volume at Minor High Resistance
Minor Low Support
Volume at Minor Low Support
Minor High Support
Minor Low Resistance
Gaps Showing Support and Resistance
Myth: Tall Candle Support and Resistance
Horizontal Consolidation Regions
Another Look at Round Numbers
Support in Straight-Line Runs
Resistance in Straight-Line Runs
SAR Summary
Chapter Checklist

Chapter 5: 45 Tips Every Trader Should Know

1) Timing the Exit: The 2B Rule
2) Busted Patterns for Profit
3) What I Use: Fibonacci Retracements
4) Myth: Fibonacci Extensions Work!
5) Is Indicator Divergence a Dud?
6) Shallow Divergence and the RSI
7) Good Eggs: Indicator Failure Swings
8) Flat Base Entry Pattern
9) Identifying and Trading Gaps
10) The Never Lose Pattern: The Inverted Dead-Cat Bounce

Top of page

(Chapter 5 Continued)

Determining Stock or Market Direction
11) What are the Futures Doing?
12) Price Jumps. Now What?
13) Chasing Tails for Profit
14) Tall Price Bar Retrace
Finding the Market bottom
15) Ugly Double Bottom: A Higher Bottom
16) Bullish Chart Patterns Appear
17) Stock Downgrades Plentiful
18) You Feel Like Selling Everything
19) High Volume Bottom
20) Bad News Moves Nothing, Good News Lifts Market
21) Getting in Early: Partial Rises and Declines
22) Pattern Width and Performance
23) Price Drops Faster than it Rises
24) Mirrors for Trend Prediction
25) Trendline Mirrors: Another Reflection
26) Avoid Price Mountains
14 Selling Tips You Need to Know
27) Use Stops
28) Sell When Wrong
29) Sell on the Unexpected
30) Sell on Trend Change
31) Sell Blue Chips 10% Down
32) Indicator Says Sell: Obey It
33) Follow Your Rules
34) Sell on Confirmation of Bearish Pattern
35) Sell at Price Target
36) Sell on Piercing Support
37) Sell on Industry Weakness
38) Weak Fundamentals
39) Sell on Hype
40) What Would Tom Do?
41) Drawing Three-Point Channels
42) Andrews Pitchfork
43) Beware Throwbacks and Pullbacks
44) Triangle Apex Predicts Turns
45) Volume Preceding the Breakout
Chapter Checklist

Chapter 6: Finding and Fixing What is Wrong

What Was the Market Behavior?
Was the Industry Trending?
How is the Timing?
Are All Entry Conditions Met?
Was the Position Size Proper?
Was an Initial Stop Used?
Did You Exit Before the Stop?
What Was the Risk/Reward Ratio?
Did You Average Up?
Did You Average Down?
Are You Buying Out of Season?
Trading Checklist
Chapter Checklist

Chapter 7: What We Learned

Visual Appendix of Chart Patterns


About the Author


Fundamental Analysis and Position Trading: Evolution of a Trader

Picture offundamental analysis and position trading book.

Fundamental Analysis and Position Trading

This is a portion of Fundamental Analysis and Position Trading: Evolution of a Trader from the preface

The three books in the Evolution of a Trader series were written for people unfamiliar with the inner workings of the stock market, but will curl the toes of professionals, too.

Research is used to prove the ideas discussed, but is presented in an easy to understand and light-hearted manner. You will find the books to be as entertaining as they are informative and packed with moneymaking tips and ideas. Use the ideas presented here to hone your trading style and improve your success.

Whether you are a novice who has never purchased a stock but wants to, or a professional money manager who trades daily, these books are a necessary addition to any market enthusiast's bookshelf.

Fundamental Analysis

This book explains and describes the test results of various fundamental factors such as book value, price-to-earnings ratio, and so on, to see how important they are to stock selection and performance.

The Fundamental Analysis Summary chapter provides tables of fundamental factors based on hold times of one, three, and five years that shows which factor is most important to use for those anticipated hold times. The tables provide a handy reference for buy-and-hold investors or for other trading styles that wish to own a core portfolio of stocks based on fundamental analysis.

Chapters such as "How to Double Your Money," "Finding 10-Baggers," and "Trading 10-Baggers" put the fundamentals to work. The chapter titled "Selling Buy-and-Hold" helps solve the problem of when to sell long-term holdings.

Position Trading

The second part of the book explores position trading. It introduces market timing to help remove the risk of buying and holding a stock for years.

Have you heard the phrase, Trade with the trend? How often does a stock follow the market higher or lower? The section titled, "What is Market Influence on Stocks?" provides the answer.

This part of the book looks at how chart patterns can help with position trading. It discloses the 10 most important factors that make chart patterns work and then blends them into a scoring system. That system can help you become a more profitable position trader when using chart patterns.

Six actual trades are discussed to show how position trading works and when it does not. Consider them as road maps that warn when the road is bumpy and when the market police are patrolling.

Eric Andersen writes, "I read "Fundamental Analysis and Position Trading" most recently. That is a gold mine."

Top of page

Fundamental Analysis and Position Trading Table of Contents

Chapter 1: Introduction to Buy and Hold

What Is Buy and Hold?
Who Should Buy and Hold?
My Numbers: Background and Terms
Now What?

Chapter 2: Stock Selection

What Comes After Large Price Moves?
Myth: Stocks That Drop Least in Bear Market Then Soar
Stock Selection the Easy Way
Two Tips for Stock Selection
Buy Fallen Angels
What Chart Patterns Appear Before Mergers and Buyouts?
What Are Insiders Doing?

Chapter 3: Book Value

Book Value Defined
Value Assets Properly
Investing Using Book Value
When Is Book Value Important?
The Value of Hidden Assets
Limits of Book Value
Buybacks Lower Book Value
Historical Research
Price to Book Value: A Good Measure
Small Caps: Best Choice
Low Stock Price Rules!
Book Value and Return on Equity
What Is the Best Price to Book Value?
Combinations and Performance
Trading Strategy: Beating the Dow
The Eight-Stock Setup
Hold Time for Best Results

Top of page

Chapter 4: Capital Spending

Is Decreasing Capital Spending the Holy Grail?
Capital Spending Trends versus Performance
Frequency Distribution
Performance by Market Cap

Chapter 5: Cash Flow

Historical Research Review
Cooking the Books
The Numbers
Is Increasing Cash Flow Good?
Performance by Market Cap

Chapter 6: Dividends

Stock Dividends: An Explanation
Historical Research Review
High Yield, High Performance?
Testing: Yield and Payout Ratio
Which Is Best: Dividends or No Dividends?
Surprise: Dividend Cuts Work!
When Disaster Strikes
Performance by Market Cap

Chapter 7: Long-Term Debt

The Numbers
Is Debt Good?
Sinking Ship: Taking on Debt
Debt by Market Capitalization

Chapter 8: Price-to-Earnings Ratio

History Lesson
Do Low P/E Stocks Outperform?
P/E Trends Down: Good or Bad?
Price and Earnings Combinations: Yawn
Buy Small Caps with Low P/E
High P/E. Time to Sell?
Three P/E Tips

Top of page

Chapter 9: Price-to-Sales Ratio

Good Benchmark: PSRs Below 1.0
PSR Trend: Down Is Best
Small Caps, Small PSRs Rule!
Checklist: PSRs by Industry

Chapter 10: Return on Shareholders' Equity

Low ROE Stocks Outperform. Why?
ROE Trend Over Time: Yawn
ROE Performance by Market Capitalization

Chapter 11: Shares Outstanding

Performance versus Shares Outstanding
Event Pattern: Dutch Auction Tender Offers
Should You Sell?
Sell at What Price?
Event Pattern: Common Stock Offerings
Performance and Market Capitalization

Chapter 12: Fundamental Analysis Summary

Performance Rank: One-Year Hold
Performance Rank: Three-Year Hold
Performance Rank: Five-Year Hold

Top of page

Chapter 13: How to Double Your Money

How Long to Double?
What Is the Best Buy Price?
Which Market Caps Do Best?
Focus on Fundamentals: Which Are Best?
Warning: Losses Ahead. What You Need to Know
Testing the Setup

Chapter 14: Finding 10-Baggers

How Long to 10x?
What Is Highest Starting Price?
What Happens the First Year?
Rising Over Time: How Fast?
10-Baggers by Market Cap
Fundamental Ratios Common to 10-Baggers
Industries Most Likely to Make 10-Baggers
The Most Popular Years for 10-Baggers
Surprising Finding about 10-Bagger Losses
Backward Testing

Chapter 15: Trading 10-Baggers

10-Bagger Birth
Life of a 10-Bagger
10-Bagger Death
Chart Patterns in 10-Baggers

Chapter 16: Selling Buy and Hold

The Weinstein Setup
Example: The Southwest Airlines Trade
Example: Savient Pharmaceuticals
1-2-3 Trend Change for Downtrends
1-2-3 Trend Change for Uptrends
The Cloudbank Setup
Using Trailing Stops to Sell
Timely Trend-Line Exits
Can Moving Averages Help?
Follow Insider Transactions
Selling: Two Ratio Tips
Selling Down from a High

Chapter 17: Fundamentals: What I Use

Two Book Value Tips
Do Not Get Singed by Burn Rate
Drop Capital Spending!
Current Ratio 2.0
Prospecting for Growth Using Dividends
Rising Earnings, Net Profit
P/E Ratio versus Industry
Litigation: Stop Pissing People Off!
Avoid Too Much Long-Term Debt
Market Capitalization: Big Returns by Going Small
Research Spending
Sales? Think Money
Price-to-Sales Ratio: What About Debt?
Stock Price: 5 to 20
Volume: Thin Ice Ahead!

Chapter 18: Introduction to Position Trading

What Is Position Trading?
Who Should Position Trade and Why?
What Position Trading Will Not Do
Example Position Trade

Chapter 19: Getting Started in Position Trading

Check the News or Lose!
Trend? What Trend?
Trade with the Primary Trend
Take Your Pick: Bottom Fishing or Momentum?
What Is Market Influence on Stocks?
What Chart Patterns Are Best for Position Trades?
Busted Chart Patterns Revisited
Trading Example: Finding Value in Disaster

Chapter 20: Ten Factors Make Chart Patterns Work

What Is a Double Bottom?
Ten Factors Revealed
Scoring System Checklist
Scoring Performance
Higher Scores Work Best
Case Study: Stillwater Mining
Case Study: LSB Industries
Case Study: Lumber Liquidators

Chapter 21: Three Winning Trades and a Funeral

The Intel Fiasco
Hudson Highland Hiccup
CNO Financial Group
Complete Production Services

Chapter 22: What Not to Do: Three Botched Trades

Medivation: Selling Too Late
Coldwater Creek: Selling Too Soon
Hovnanian: Selling at the Bottom

Chapter 23: What We Learned

Visual Appendix of Chart Patterns


About the Author


Swing and Day Trading: Evolution of a Trader

Picture of swing and day trading book.

Swing and Day Trading

This is a portion of Swing and Day Trading: Evolution of a Trader from the preface

The three books in the Evolution of a Trader series were written for people unfamiliar with the inner workings of the stock market, but will curl the toes of professionals, too.

Research is used to prove the ideas discussed, but is presented in an easy to understand and light-hearted manner. You will find the books to be as entertaining as they are informative and packed with moneymaking tips and ideas. Use the ideas presented here to hone your trading style and improve your success.

Whether you are a novice who has never purchased a stock but wants to, or a professional money manager who trades daily, these books are a necessary addition to any market enthusiast's bookshelf.

Swing Trading

The last book of the three covers Swing and Day Trading: Evolution of a Trader. The first part of the book highlights swing trading techniques, explains how to use chart patterns to swing trade, swing selling, event patterns (common stock offerings, trading Dutch auction tender offers, earnings releases, rating changes, and so on) and other trading setups.

It tears apart a new tool called the chart pattern indicator. The indicator is not a timing tool, but a sentiment indicator that is great at calling major market turns.

Day Trading

Day trading reviews the basics including home office setup, cost of day trading, day trading chart patterns, and the opening range breakout. It discusses research into the major reversal times each day and what time of the day is most likely to set the day's high and low-valuable information to a day trader.

An entire chapter discusses the opening gap setup and why fading the gap is the best way to trade it. Another chapter discusses the opening range breakout setup and questions whether it works.

Ten horror stories from actual traders complete the series. They have been included to give you lasting nightmares.

Top of page

Swing and Day Trading Table of Contents

Chapter 1: Introduction to Swing Trading

What Is Swing Trading?
Who Should Swing Trade?
A Swinging Example
Looking Ahead

Chapter 2: Swinging Techniques

Quick Review: Support and Resistance
Trendline Trading
Trading Using Channels
The Three-Bar Net Line Setup
First Thrust Pattern for Swing Trading

Chapter 3: Swinging Chart Patterns

Which Chart Patterns Work Best for Swingers?
Trading the High and Tight Flag
HTF Trade in Insteel Industries
Fishing for Inverted and Ascending Scallops
Scallop Trading Tips
Twice Is Nice: Eve & Eve Double Bottoms
Trading Eve & Eve
Top Seven Frequently Traded Chart Patterns
My Favorite Chart Patterns
Swinging Throwbacks and Pullbacks
Trading Example
CNO Throwback Entry
Measuring Swings
FTO Trade

Top of page

Chapter 4: Swing Selling

Selling Ideas
Top 20 Chart Pattern Performers
Diamond Tops and Bottoms
Complex Head-and-Shoulders Top
The Eight Best Exit Signs
My Ten Favorite Sell Signals
Trading Example: The Teradyne Exit
Trading Example: Exiting Forest
Trading Example: Swinging CNO

Chapter 5: Event Pattern Setups

Common Stock Offerings Setup
Surviving a Dead-Cat Bounce
The Inverted Dead-Cat Bounce Setup
Trading Dutch Auction Tender Offers
Earnings Surprise Setup
Earnings Flag Setup
Stock Upgrades and Downgrades
Stock Splits
Setup: Trading Reverse Splits

Chapter 6: Swinging Tools and Setups

The Chart Pattern Indicator
The Swing Rule
Pump Up the Volume or Not
Selecting Winners Using Index Relative Strength
Three Swing Trading Setups
Trading Setup: Simple Moving Average Tests
The Smile and Frown Setup
Trading Smiles and Frowns
Smile and Frown Trading Tips

Top of page

Chapter 7: Introduction to Day Trading

What Is Day Trading?
Why Day Trade?
Is Day Trading for You?
What are the Problems of Day Trading?

Chapter 8: Day Trading Basics

Managing Expectations: How Much Can You Really Make?
Building the Home Office
Office Setup Cost
Pattern Day Trading Rules
Wash Sale Rule
Eight Tips for Picking Stocks to Day Trade
Price Reversal Times Revealed!
What Time Sets Intraday High and Low?
Inside Level II Quotes
Heartbeat of the Market: Time-and-Sales Ticker
Pre-Market Checklist
After Market Analysis

Chapter 9: Opening Gap Setup

Opening Gap Test Data
Setup: Fading the Opening Gap
Sample Trade

Chapter 10: Day Trading Chart Patterns

Day Trading Double Tops
Day Trading Triple Tops
Day Trading Symmetrical Triangles
Day Trading Head-and-Shoulders Tops
Day Trading Double Bottoms
Day Trading Head-and-Shoulders Bottoms
Day Trading Triple Bottoms
Other Trading Tips

Chapter 11: Opening Range Breakout

What is Best Range Time?
The ORB Setup
Does the ORB Setup Work?

Chapter 12: Ten Horror Stories

This Is a Winner, Mom. Buy It!
Three Newsletter Disasters
Three Option and Warrant Disasters
Two Missed Opportunities
The $1 Million Surprise

Chapter 13: Closing Position

Chapter 14: What We Learned

Visual Appendix of Chart Patterns


About the Author


Encyclopedia of Candlestick Charts

Picture of encyclopedia of candlestick charts book.

Thinking of buying this encyclopedia? Read this.

Encyclopedia of Candlestick Charts Before I get to the slick marketing message, let me give you a few examples of how I use the information in my Encyclopedia of Candlestick Charts book. Imagine that price has been trending upward for 5 bars and you see a bearish engulfing candle pattern. Looking up the candle in the book, you read that it acts as a bearish reversal 79% of the time (page 308), and that 74% of the time (page 312) price reaches its price target (the height of the candle projected downward). If you then see price begin to falter, like it is thinking of reversing, you can exit the trade ahead of everyone else.

Before I make a trade, I look at the probability of the candle acting as a reversal or continuation, and how far price can be expected to move once I am in the trade (based on the candle height). That information is in my book, and it is well worth the cost of it.

Let me give you another example. For Apple stock (AAPL) on November 13, 2007, I found an above the stomach candle. The book says (page 89) that the candle acts as a bullish reversal 66% of the time. The upward target is 183.39 with a 61% probability of reaching 191.33 (page 93). A downward target is 139.84 with a 53% probability of reaching 130.28. The current close is 169.96. After a bumpy start, the stock moved up in a straight-line run to 187.70 on November 30, 2007 before pausing for a few days.

That is the kind of information you can get from my book, and that is how I put it to good use. It gives me an edge over other traders that do not have such information. In short, it helps me make money.

Here is the slick marketing message: Candlestick patterns are footprints of the smart money and deciphering those footprints properly can bring traders and investors riches. Encyclopedia of Candlestick Charts takes an in-depth look at 103 candlesticks, from identification guidelines, to statistical analysis of their behavior, to detailed trading tactics. Never before has a book combined a comprehensive list of candlesticks with a statistical review of their performance...until now.

This easy to read and use reference book follows the same format as the best-selling Encyclopedia of Chart Patterns.

In each chapter of Encyclopedia of Candlestick Charts you'll find:

Encyclopedia of Candlestick Charts also includes chapters covering important findings, a statistics summary, glossary/methodology, and a visual index to make candlestick identification easy.

Top of page


(from the book cover):

"Great research, great organization, and a wealth of information. Not only does Tom identify the best formations, he shows the practical way to trade each one. And, he puts the best results right in front, rather than playing hide-and-seek with the reader. You don't need to be a chartist to get value from this book. I highly recommend it." -- Perry Kaufman, author of New Trading Systems and Methods, Fourth Edition

"Man cannot live on bread alone, and according to Tom Bulkowski's research, one cannot trade by candlesticks alone. Tom's intensive statistical work seeks out the truth in the frequency and reliability of trading with candlestick charts. His exhaustive and thorough research will give the reader an eye opener to help guide them in their trading decisions. This is a must-read edition of a high-caliber piece of trading literature for every trader who uses candlecharts." -- John Person, author of Candlestick and Pivot Point Trading Triggers and President of

"When I wrote the Third Edition of Candlestick Charting Explained, I believed I had thoroughly covered every aspect of this respectable analysis technique. Tom has written a solid reference that can easily be used in coordination with other books in this exciting field. The Encyclopedia of Candlestick Charts is a reference that every technical analyst will want to own." -- Gregory L. Morris, Senior Portfolio Manager, PMFM, Inc, and author of Candlestick charting explained, third edition and The Complete Guide to Market Breadth Indicators.

Top of page

Picture of encyclopedia of chart patterns, 3rd edition book.

Encyclopedia of Chart Patterns, Third Edition

Thinking of buying this encyclopedia? Read this.

Encyclopedia of Chart Pattern, 3rd Edition Picture of Encyclopedia of chart patterns 3rd edition

The market's bestselling and most comprehensive reference on chart patterns, backed by statistics and decades of experience

When the smart money trades the securities markets, they leave behind financial footprints. Combine enough footprints together and you have a trail to follow. That trail becomes what's called a chart pattern. Encyclopedia of Chart Pattern, 3rd Edition expands upon Bulkowski's immensely popular Second Edition with fully revised and updated material on chart patterns. Whether you're new to the stock market or an experienced professional trader, use this book as a reference guide to give you an edge.

Within the pages of this book, you'll learn how to identify chart patterns, supported by easy-to-understand performance statistics describing how well a pattern works, what the failure rate is, and what special quirks suggest better future performance. You'll discover how often a stop loss order will trigger at various locations within a chart pattern, how the chart pattern's performance has evolved over the past three decades, and how to profit from failure by trading busted patterns.

This broadened and revised Third Edition offers investors the most comprehensive, up-to-date guide to this popular method of market analysis. Written by a leading expert on chart patterns, Tom Bulkowski, this edition includes revised statistics on 75 chart patterns including 23 new ones, with pictures and performance statistics, packaged within easy-to-read text.

The Encyclopedia of Chart Patterns, Third Edition further solidifies the reputation of this book as the leading reference on chart patterns, setting it far above the competition.

Top of page

Encyclopedia of Chart Patterns, Third Edition, Contents

1 How to Trade Chart Patterns
2 AB=CD®, Bearish*
3 AB=CD®, Bullish*
4 Bat®, Bearish*
5 Bat®, Bullish*
6 Big M*
7 Big W*
8 Broadening Bottoms
9 Broadening Formations, Right-Angled and Ascending
10 Broadening Formations, Right-Angled and Descending
11 Broadening Tops
12 Broadening Wedges, Ascending
13 Broadening Wedges, Descending
14 Bump-and-Run Reversal Bottoms
15 Bump-and-run Reversal Tops
16 Butterfly®, Bearish*
17 Butterfly®, Bullish*
18 Cloudbanks*
19 Crab®, Bearish*
20 Crab®, Bullish*
21 Cup-with-Handle
22 Cup-with-Handle, Inverted
23 Diamond Bottoms
24 Diamond Tops
25 Diving Board*
26 Double Bottoms, Adam & Adam
27 Double Bottoms, Adam & Eve
28 Double Bottoms, Eve & Adam
29 Double Bottoms, Eve & Eve
30 Double Tops, Adam & Adam
31 Double Tops, Adam & Eve
32 Double Tops, Eve & Adam
33 Double Tops, Eve & Eve
34 Flags
35 Flags, High and Tight
36 Gaps
37 Gartley, Bearish*
38 Gartley, Bullish*
39 Head-and-Shoulders Bottoms
40 Head-and-Shoulders Bottoms, Complex
41 Head-and-Shoulders Tops
42 Head-and-Shoulders Tops, Complex
43 Horn Bottoms
44 Horn Tops
45 Islands Reversals
46 Measured Move Down
47 Measured Move Up
48 Pennants
49 Pipe Bottoms
50 Pipe Tops
51 Rectangles Bottoms
52 Rectangles Tops
53 Roof*
54 Roof, Inverted*
55 Rounding Bottoms
56 Rounding Tops
57 Scallops, Ascending
58 Scallops, Ascending and Inverted
59 Scallops, Descending
60 Scallops, Descending and Inverted
61 Three Falling Peaks
62 Three Peaks and Domed House*
63 Three Rising Valleys
64 Triangles, Ascending
65 Triangles, Descending
66 Triangles, Symmetrical
67 Triple Bottoms
68 Triple Tops
69 V-bottoms*
70 V-bottoms, extended*
71 V-tops*
72 V-tops, extended*
73 Wedges, Falling
74 Wedges, Rising
75 Wolfe Wave®, Bearish*
76 Wolfe Wave®, Bullish*
Statistics Summary
Visual Index of Chart Patterns

* New to this edition

AB=CD PATTERN, BAT PATTERN, BUTTERFLY PATTERN, CRAB PATTERN are registered trademarks of Scott Carney. Wolfe Wave is a registered trademark of Bill Wolfe.

Top of page


Picture of Foresight book.

Foresight (link to

A scientist at Los Alamos National Laboratory discovers a way to create intelligent life—orbs. With their ability to see the future, she hopes they will help guide humanity. But when the orbs sneak out of the lab, will they use their foresight to improve the world or will they submit to others who want to use orbs to enrich themselves?

Meet Miles, a male orb, who struggles to be good and help others even as he makes choices that place his life, and others, in jeopardy. Will he sacrifice himself to save his best friend, an autistic girl?

One reader wrote, "It did not disappoint. I read the entire book in one sitting." -- DJB

This book is suitable for anyone, young or old, who believes in possibilities. Buy and read this heartwarming—and thrilling—novel about the life of orbs.

Read a sample chapter at Amazon Available in paperback and e-book editions.

Top of page

Trading Classic Chart Patterns

Picture of trading classic chart patterns book.

Trading Classic Chart Patterns Trading Classic Chart Patterns is a combination narrative and reference book (mostly reference). This book was named “The best investment book of the year” by Stock Trader's Almanac 2003 (see page 94 of that book). Trading Classic Chart Patterns has been cited in Candlesticks, Fibonacci, and Chart Pattern Trading Tools by Robert Fischer and Jens Fischer (Wiley 2003, pages 88-89). Translations into Simplified Chinese and German are pending.

In his follow-up to the well-received Encyclopedia of Chart Patterns, Thomas Bulkowski gives traders a practical game plan to capitalize on established chart patterns. Written for the novice investor but with techniques for the professional, Trading Classic Chart Patterns includes easy-to-use performance tables, vivid case studies, and a scoring system that makes trading chart patterns simple. This comprehensive guide skillfully gives investors straightforward solutions to profitably trading chart patterns. Trading Classic Chart Patterns also serves as a handy reference guide for favorite chart patterns, including broadening tops, head-and-shoulders, rectangles, triangles, and double and triple bottoms. Filled with numerous techniques, strategies, and insights, Trading Classic Chart Patterns fits perfectly into any pattern trader's arsenal.

From the Inside Flap

From the author of the Encyclopedia of Chart Patterns comes his latest work, Trading Classic Chart Patterns, a groundbreaking primer on how to trade the most popular stock patterns. Written for the novice investor but containing techniques for the seasoned professional, this comprehensive guide includes easy-to-use performance tables supported by statistical research. By using a simple scoring system, you'll learn how to predict the performance of a chart pattern almost by looking at it.

If you're new to chart patterns, technical analysis, or to stock market investing itself, the "Getting Started" section provides new ideas on trendlines, support and resistance, placing stops, and avoiding common investment mistakes. As your trading knowledge and experience increase, the "Trading Classic Chart Patterns" section will serve as a handy reference guide for your favorite chart patterns, including broadening tops, head-and-shoulders, rectangles, triangles, and triple tops and bottoms. You'll quickly learn about the Adam-and-Eve combinations of double tops and bottoms, and how to select the best performers while avoiding the losers.

You'll discover:

The scoring system makes trading chart patterns simple. Use the performance tables to score your stock pattern, then add up the scores. If they total above zero, the stock is an investment candidate; if they are below zero, you'll know to avoid that particular stock. It's that easy!

Trading Classic Chart Patterns is a trader's reference that's destined to become a classic. This book is an invaluable resource that provides the obvious answer-Yes!-for every investor who has wondered if trading chart patterns can be profitable.

Top of page


(from the book cover):

"No one -- not even the pioneers of technical analysis like Dow, Schabacker, Edwards, and Magee -- has ever published such an in-depth and objective research on chart patterns as Thomas Bulkowski has in his Encyclopedia of Chart Patterns and his new book, Trading Classic Chart Patterns. Bulkowski sees farther, not only because he stands on the shoulders of those giants, but also because he has the creativity necessary to develop new methods of quantifying the performance of chart patterns and the tenacity required to carry out the laborious research. Highly recommended!" -- Thomas A. Bierovic, author Playing for Keeps in Stocks & Futures: Three Top Trading Strategies That Consistently Beat the Markets

Book Corrections

The publisher corrects the books as new printings occur (in theory). If you find a mistake, then contact me, Tom Bulkowski.

Chart Patterns: After the Buy

Encyclopedia of Candlestick Charts

Top of page

Encyclopedia of Chart Patterns, 2nd Edition

Encyclopedia of Chart Patterns, 3rd Edition

Fundamental Analysis and Position Trading: Evolution of a Trader

Getting Started in Chart Patterns

Swing and Trading

Swing and Trading: Evolution of a Trader

Trading Classic Chart Patterns

-- Thomas Bulkowski

Top of page


Support this site! Clicking any of the books (below) takes you to If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."

My Stock Market Books
My Novels

Copyright © 2005-2024 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.
Home Advertise Contact Donate Privacy/Disclaimer

Books: The original laptop.Smiley