William O& #39;Neil& #39;s simple strategy: • Cut all losses at 7 or 8% • Take some profits at 20 to 25% • Hold your few real winners for longer
O& #39;Neil& #39;s method of identifying the real winners to hold for longer, depended on how quickly it had attained the +20% to 25%. If really quick i.e. +20% on good volume in just a few weeks - keep holding.
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