William J. O'Neil, RIP

Rams Fan said:
It's a bull market for me!

Many breakouts moving up, a few faltering, sputtering, or outright failing.
I don't abide by the CNBC/CNN definition of bull and bear markets (20% up = bull and 20% down = bear). Stupidest thing I ever heard.

I watch individual stocks. I build my watchlist largely off the stocks that have big weekly moves on volume. If it also has big earnings growth, big sales growth, or a great story (even though sales/earnings lacking) it hits my watch list. So long as the general market is acting right on a weekly and monthly basis, I am on a shopping "spree."

I use IBD mostly for the weekly "Stocks on the Move" table, however that newspaper is a great source of trade ideas throughout its pages, and I do get them from all over its pages.
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Interesting, FFTY is a bit better than SPY benchmark, 2023 YTD;
but every FFTY year available. 2016-2022, SPY has done much better.
But I got a lot out William O' Neil's books, logic for market moves[ partly LOL];
+ mainly M=market direction chapter+ charts. IBD has a very good ETF section.
News Corp buys IBD for $275,000,000,2021.
I wonder if they liked his colorful charts more so than their WSJ charts + made him an offer he couldn't refuse??:caution::caution:
 
murray t turtle said:
Interesting, FFTY is a bit better than SPY benchmark, 2023 YTD;
but every FFTY year available. 2016-2022, SPY has done much better.
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I think FFTY is just a gimmick to make money for money managers.

Honestly, all someone really needs is Darvas. If someone were to sit down with Darvas's book and then each weekend go through a list of the top 10 movers for the week, eventually he should figure out how to make money. Big money, that is.
 
Rams Fan said:
I think FFTY is just a gimmick to make money for money managers.

Honestly, all someone really needs is Darvas. If someone were to sit down with Darvas's book and then each weekend go through a list of the top 10 movers for the week, eventually he should figure out how to make money. Big money, that is.
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%%
I DONT really have a long term outlook for FIFTY, but i like[IBD favorites] 50dma,200dmaLOL:D:D
I got more out of Jack schwaher top traders/investors than almost any others.Darvas too part time for me ; even though that'$ one of the many the advantage$ of capital markets=flexibility.
Carl ichan helped a lot when i did single stocks[amazing / how so many went up very good /after he scaled in public announce];
do ETFs now..........
 
Darc said:
Market Historian John Boik who has studied and written about all the greatest Traders of all time says William O'Neil is the greatest Trader of all time. Yes, greater than Livermore.
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Hard to say if that is factually accurate. John Boik owes his entire writing career to William O'Neil.
 
Rams Fan said:
Hard to say if that is factually accurate. John Boik owes his entire writing career to William O'Neil.
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Imagine if O'Neil didn't start IBD/Daily Graphs and stayed a Trader rather than a Businessman.

Starting IBD would've been such a distraction to his Trading.
 
Darc said:
Imagine if O'Neil didn't start IBD/Daily Graphs and stayed a Trader rather than a Businessman.

Starting IBD would've been such a distraction to his Trading.
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One must decide how one will define "greatest" with respect to this activity we call trading. I prefer to focus on retail people. I'm pro-everyman and pro-everywomen.

For myself, Navinder Singh Sarao and Kristjan Kullamägi get my votes in the post-millennial era.

Darvas, imo, was the best of the post-war traders.

O'Neil took $5000 and ran it up to $200,000 and used that to fund his institutional investment advisory service, out of which IBD would eventually sprout.

I have no doubt that O'Neil was an excellent institutional money manager during the rest of his career, and he trained a number of very successful institutional traders as well.

But the stories that matter to me are the little guys who started with $5000 to $25,000 and ran it to millions (and kept it) or even tens of millions.

I have huge respect and admiration for William O'Neil. He's certainly in the top XX of all traders in the era of the existence of the NYSE.

But the top X in my own personal Pantheon of Traders of excellence, has people like the Sarao and Kullamägi.
 
Rams Fan said:
One must decide how one will define "greatest" with respect to this activity we call trading. I prefer to focus on retail people. I'm pro-everyman and pro-everywomen.

For myself, Navinder Singh Sarao and Kristjan Kullamägi get my votes in the post-millennial era.

Darvas, imo, was the best of the post-war traders.

O'Neil took $5000 and ran it up to $200,000 and used that to fund his institutional investment advisory service, out of which IBD would eventually sprout.

I have no doubt that O'Neil was an excellent institutional money manager during the rest of his career, and he trained a number of very successful institutional traders as well.

But the stories that matter to me are the little guys who started with $5000 to $25,000 and ran it to millions (and kept it) or even tens of millions.

I have huge respect and admiration for William O'Neil. He's certainly in the top XX of all traders in the era of the existence of the NYSE.

But the top X in my own personal Pantheon of Traders of excellence, has people like the Sarao and Kullamägi.
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I'm not arguing that O'Neil was the greatest Trader of all time. Just stating that:

1) John Boik who studies the Greats says O'Neil is the greatest. But, O'Neil did hand Boik's Manuscript to McGraw-Hill, so a bit of bias perhaps.
2) O'Neil started IBD in 1964 (I just realized). That's a Business which effectively retards your Trading development dramatically, yet O'Neil still produced "The Bible" of Stock Trading in 1988 (?).
3) Other Greats stayed Traders, which allowed their Trading development to continue.
 
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