Quotes from William J. O'Neil

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

completely objective and recognize what the marketplace is telling you, rather than trying to prove that what you said or did yesterday or six weeks ago was right. The fastest way to take a bath in the stock market is to try to prove that you are right and the market is wrong. Humility and common sense provide essential balance.

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.

investment books in the library. The best was How to Trade in Stocks, by Jesse Livermore.

Charts plus earnings will help you tell the best stocks and general markets from the weaker, riskier stocks and markets that you must avoid altogether.

I made a rule that I'd buy each stock exactly at the pivot buy point and have the discipline not to pyramid or add to my position at more than 5% past that point. Then I'd sell each stock when it was up 20%, while it was still advancing.

write to Securities Research Company, 27 Wareham Street, #401, Boston, MA 02118, and purchase one of the company's long-term wall charts. Also, in 2008, Daily Graphs, Inc., created a 1900 to 2008 stock market wall chart that shows major market and economic events.

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

Success in a free country is simple. Get a job, get an education, and learn to save and invest wisely. Anyone can do it. You can do it.

C Current Quarterly Earnings and Sales: The Higher, the Better A Annual Earnings Increases: Look for Significant Growth N New Products, New Management, New Highs: Buying at the Right Time S Supply and Demand: Shares Outstanding Plus Big Volume Demand L Leader or Laggard: Which Is Your Stock? I Institutional Sponsorship: Follow the Leaders M Market Direction: How You Can Learn to Determine It

SECRET TIP—The first step in learning how to pick big stock market winners is to examine leaders of the past, like those you're about to see, to learn all the characteristics of the most successful stocks. From these observations, you will be able to recognize the types of price and earnings patterns these stocks developed just before their spectacular price advances.

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.

Charts plus earnings will help you tell the best stocks

90 percent of the people in the stock market, professionals and amateurs alike, simply haven't done enough homework.