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Ep. 189: John Boik: Lessons Learned From Stock Market Legends

Investing With IBD

CHAPTER

You Have to Lose in Order to Know How to Win Type of Thing and You Have to Create These Rules

o'neill never talked much about that because his points were just like look you cut your loss at seven percent that's it you just do it and he did it so i was like well but a lot of people aren't disciplined enough to kind kind of do that. So he stuck to the rules jerelobe has on his monitors in his office um three percent five percent seven percent yep  he took some massive hits early on when he didn't know what he was doing but so you have to live through these I think you have to you have to lose in order to know how to win type of thing, says O'neill.

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