20 William O’Neil Quotes

1. Personal opinions, feelings, hopes, and beliefs about the stock market are usually wrong and often dangerous. Facts and markets, on the other hand, are seldom wrong.

William O'Neil Quotes Stock Market Quote for Swing Traders

2. The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you’re wrong.

3. A great trader once noted there are only two emotions in the market: hope and fear. “The only problem,” he added, “is we hope when we should fear, and we fear when we should hope.” This is just as true in 2009 as it was in 1909.

William O'Neil Quotes Stock Market Quote for Swing Traders

4. When everybody is running around saying how great a stock is, everybody who can buy probably already has, and the only direction for the stock to go at that point is down. When it’s obvious and exciting to everyone, it’s too late!

William O'Neil Quotes

5. The moral of the story is: never argue with the market. Your health and peace of mind are always more important than any stock.

William O'Neil Quotes

6. 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.

William O'Neil Quotes

7. 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.

William O'Neil Quotes Stock Market Quote for Swing Traders

8. 90% of the people in the stock market, professionals and amateurs alike, simply haven’t done enough homework.

William O'Neil Quotes Stock Market Quote for Swing Traders

9. Over-diversification is a hedge for ignorance.

William O'Neil Quotes Stock Market Quote for Swing Traders

10. Purpose is a more powerful motivator than money. When you are not paid as much as you would like, your purpose will provide you a reason to continue producing excellence in your work. When you have more money than you ever thought possible, your purpose will provide you with a reason to continue producing excellence in your work.

William O'Neil Quotes Stock Market Quote for Swing Traders

11. 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 profit before they will sell one with a loss.

William O'Neil Quotes Stock Market Quote for Swing Traders

12. William O’Neil famously said, “The number one market leader is not the largest company or the one with the most recognized brand name; it’s the one with the best quarterly and annual earnings growth, return on equity, profit margins, sales growth, and price action.”

William O'Neil Quotes Stock Market Quote for Swing Traders

13. Plot out your mistakes on charts, study them, and write some additional rules in order to correct your mistakes and the actions that cost you money.

William O'Neil Quotes Stock Market Quote for Swing Traders

14. Remember, keep it simple. Investing is hard enough. Stick to the basic rules of CAN SLIM and don’t complicate it by getting super-tricky.

William O'Neil Quotes Stock Market Quote for Swing Traders

15. Over time, you’ll learn that only one or two out of every 10 stocks you buy will be truly outstanding and capable of doubling or tripling or more in value.

William O'Neil Quotes Stock Market Quote for Swing Traders

16. Buying a stock without knowing when or why you should sell it is like buying a car with no brakes, or being in a boat with no life preservers, or taking flying lessons that teach you how to take off but not how to land.

William O'Neil Quotes Stock Market Quote for Swing Traders

17. There is no reason any investor should ever in any bull market buy or sit with a poor-performing stock with a Relative Strength Rating of 10, 20, 30, 40, or 50. The market is bluntly telling you that that investment is a relatively poor or mediocre choice.

William O'Neil Quotes Stock Market Quote for Swing Traders

18. When you appear to be right always follow up.

William O'Neil Quotes Stock Market Quote for Swing Traders

19. Learn to always sell stocks quickly when you have a small loss rather than waiting and hoping they’ll come back.

William O'Neil Quotes Stock Market Quote for Swing Traders

20. At least 50% of the whole game is the general market.

William O'Neil Quotes Stock Market Quote for Swing Traders

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