William O’Neil stands out as a legendary investor in the stock market. His strategies have affected millions of investors everywhere, including me. I have witnessed firsthand the incredible impact his ideas have had on my own trading journey.
William O’Neil created the CAN SLIM investing approach which focuses on analyzing recent earnings, quickly buying stocks with momentum and getting rid of them without hesitation when things start to go south.
His ‘Buy The Winners, Sell The Losers’ strategy is one of his most used methods. O’Neil believed that successful trading could be learned through studying and knowing the basics. He knew that the best stocks to choose from were those which have most recently broken out, while simultaneously looking for stocks which are selling at low PE or Price / Earnings Ratios.
The reason why I find William O’Neil so inspiring is that he had the courage to go against conventional wisdom and build his own style of trading, without the aid of a guru or mentor to help guide him. This is something that I think is highly admirable and also something I try to emulate in my own trades.
I bought my first stock when I was 17 and since then, I have adopted the CAN SLIM methodology. Through that, I have been able to create my own trading strategies and develop myself as an investor. I am constantly evaluating and practicing different strategies, while also adhering to the basic principles set forth by O’Neil.
It is remarkable to think that one man changed my life from a seemingly ordinary 17-year-old to a serious investor who understands the potential markets provide. William O’Neil has made a difference in millions of lives through his CAN SLIM investing approach and I am personally fortunate to have been influenced by his wisdom.