William O'Neil is one of the greatest investors of all time.
He's also taught millions of people how to navigate the stock market.
Here are 6 of his most important lessons (for traders & investors alike):
He's also taught millions of people how to navigate the stock market.
Here are 6 of his most important lessons (for traders & investors alike):
1. Only buy stocks when they're on the way up in price.
If you are going to buy more, only do so when the stock shows you a profit.
Buying more of a stock when you are at a loss is a good way to lose everything!
If you are going to buy more, only do so when the stock shows you a profit.
Buying more of a stock when you are at a loss is a good way to lose everything!
2. Always buy stocks near highs, never near lows.
The most powerful companies that go on to 10x in price will be reaching all-time highs and look expensive.
These companies deserve your undivided attention.
The most powerful companies that go on to 10x in price will be reaching all-time highs and look expensive.
These companies deserve your undivided attention.
3. Become a master at taking small losses.
"You learn to always sell stocks quickly when you have a small loss rather than waiting & hoping they'll come back."
Every large loss starts as a small one - don't let them get out of hand.
"You learn to always sell stocks quickly when you have a small loss rather than waiting & hoping they'll come back."
Every large loss starts as a small one - don't let them get out of hand.
4. The only fundamentals that truly matter are:
· Profit growth
· Sales growth
· Return on Equity
You don't have to focus on anything else to get a good sense of how the company is operating.
Couple this with proper technical analysis and you have the system to catch a winner.
· Profit growth
· Sales growth
· Return on Equity
You don't have to focus on anything else to get a good sense of how the company is operating.
Couple this with proper technical analysis and you have the system to catch a winner.
5. Turn the news off!
"You don't subscribe to a bunch of market newsletters or advisory services, and you don't let yourself be influenced by recommendations from analysts, who, after all, are just expressing personal opinions that can frequently be wrong."
"You don't subscribe to a bunch of market newsletters or advisory services, and you don't let yourself be influenced by recommendations from analysts, who, after all, are just expressing personal opinions that can frequently be wrong."
6. You must learn how to read charts.
"You also have to acquaint yourself with charts––an invaluable tool most professionals wouldn't do without but amateurs tend to dismiss as complicated or irrelevant."
If you want to learn how to master reading charts, start here:
"You also have to acquaint yourself with charts––an invaluable tool most professionals wouldn't do without but amateurs tend to dismiss as complicated or irrelevant."
If you want to learn how to master reading charts, start here:
William O'Neil's 6 most important lessons:
· Only buy on the way up
· Focus on stocks near highs
· Take losses quickly
· Focus on EPS, Sales, & ROE
· Turn off the news
· Learn how to read charts
These fundamental lessons are the foundation of successful investing.
· Only buy on the way up
· Focus on stocks near highs
· Take losses quickly
· Focus on EPS, Sales, & ROE
· Turn off the news
· Learn how to read charts
These fundamental lessons are the foundation of successful investing.
I hope you've found this thread helpful.
Follow me @GregDuncan_ for more content on the stock market.
Like/Retweet the first tweet below if you enjoyed:
Follow me @GregDuncan_ for more content on the stock market.
Like/Retweet the first tweet below if you enjoyed:
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