http://www.bwts.com.au/index.cfm/colins-books/building-wealth-in-the-stock-market/
notes from talk on ASX podcast
read Zurich Axiom by Max Gunther (http://www.ritholtz.com/blog/2011/02/the-zurich-axioms/)
(oh and "Building Wealth through Shares")
find stocks that are trending up as identified by being in the
weekly list of stocks reaching their 52 week highs ("rolling year
records" (Financial Review))
want low price/earnings ratio compared to current market average.
market has historical figure of 14, so 10 is good.
want high yield compared to the market (so if market is 3.5%, want
>4%)
want high return on equity number, e.g. >20%
He has figures for setting stop loss numbers, and it sounds like
these should always be in place (from when you buy in).