William J. O’Neil Quotes:
William J. O’Neil Best Quotes
My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast Letting losses run is the most serious mistake made by most investors.
The moral of the story is: never argue with the market. Your health and peace of mind are always more important than any stock.
investment books in the library. The best was How to Trade in Stocks, by Jesse Livermore.
It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.
Also, if one of the indexes is down for the day on volume larger than the prior day’s volume, it should decline more than 0.2% for this to be counted as a distribution day. After
Famous Quotes by William J. O’Neil
The market has a simple way of whittling all excessive pride and overblown egos down to size. After all, the whole idea is to be completely objective and recognize what the marketplace is telling you, rather than try to prove that the thing you said or did yesterday or six weeks ago was right. The fastest way to take a bath in the stock market or go broke is to try to prove that you are right and the market is wrong.
The whole secret to winning and losing in the stock market is to lose the least amount possible when you’re not right.
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Cashing in small, easy-to-take profits while holding the losers.
So the first thing I learned about how to get superior performance is not to buy stocks that are near their lows, but to buy stocks that are coming out of broad bases and beginning to make new highs.
If you own a portfolio of stocks, you must learn to sell the worst performers first and keep the best a little longer.