You cannot expect to watch television or drink beer every evening and find the answers to something as complex as the stock market.
– William O’Neil
On October 17, 2009, In Thought of the Day, by ElfLord
On September 2, 2009, In Thought of the Day, by ElfLord
It is far better to sell early. If you are not early, you will be late; you’ll never sell at the exact top, so stop kicking yourself when a stock goes higher after you sell. The object is to make and take worthwhile gains and not get excited, optimistic, or greedy as a stock’s price advance gets stronger!
– William O’Neil, How to Make Money in Stocks
On August 17, 2009, In Thought of the Day, by ElfLord
To make any method work, you have to develop the strict discipline to follow all of the rules, not just the ones you find agreeable.
– William O’Neil
On August 3, 2009, In Thought of the Day, by ElfLord
The majority of unskilled investors stubbornly hold onto their losses when the losses are small and reasonable. They could get out cheaply, but being emotionally involved and human, they keep waiting and hoping until their loss gets much bigger and costs them dearly. In a similar vein, investors cash in small, easy-to-take profits and hold their losers. This tactic is exactly the opposite of correct investment procedure. Investors will sell a stock with a profit before they will sell one with a loss.
– William O’Neil, How To Make Money in Stocks