Go to Jeff Salisbury LWGate Home Page.From: Hermann Ertl <hertl@attglobal.net>
Subject: [CANSLIM] Edification (was: Zillagirl)
Date: Thu, 8 Aug 2002 14:58:35 -0400
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An enlightening piece of preaching, Robert. While I believe that, "I cannot teach you this method or that method. I can only teach you to explore yourself," is not fitting your fish analogy certainly is. It really shows how deeply you care for your neighbor. You do not mention the lazy fellow who would like to be spoon-fed, but he must have come to your mind. Also, and this, too, you did not mention, ready selections facilitate pump and dump schemes. A flaw, it seems to me, is your implied assumption that other people learn as easily as you do, or will be able to get the desired results if they just try hard enough. You should know it better, some will never be able to do what you can do, no matter how long and hard they try. Is Darwin on your mind? Some may not have the time and resources. Now I am asking you a question that you had asked a list member some time ago: > "Not a single person who shares information and knowledge does > so without an expected return of some kind." > > If that's true, I still haven't figured out what exactly you > hope to get out of all the seemingly selfless help you give to > so many. If it's brownie points in heaven, I think you're whole > extended family would qualify at this point ;0) > > Robert W. Elmer > From: RWElmer@aol.com > Date: Thu, 8 Aug 2002 01:49:25 EDT > Subject: [CANSLIM] Zillagirl > > Hello Zillagirl, > > > I offer another explanation as to why people won't share their > lists. It goes back to, "Give a man a fish and he'll eat for a > day, teach a man to fish and he'll eat for life." Or, as Bruce > Lee said, "I cannot teach you this method or that method. I can > only teach you to explore yourself." > > In many ways, that's exactly what I see happening on this Board. > When people point out resources, they are giving you all that you > need until you have explored that resource to your own > satisfaction and edification. To walk you step by step through > the process is not only a possible infringement on their good > nature and time, it is also a disservice to you. This is the > "exploring yourself" part of the Journey. The more experienced > Members have a process that works for them and is usually as a > result of much trial and error. That groping is part of the > process, as it's very unlikely you'll stumble upon a ready made > system of somebody else's that suits your needs exactly. It is > by studying as much as you can that you develop skills that > teach you not only how to use the tools, but also why they're > used the way they are. This goes down to learning how to use > Excel sheets and Downloading files. If you thirst for the > knowledge, you will find a way to gain it, with or without the > help of others. I find "Help" menus have served me well in times > of trouble. The good thing here is that there are so many able > and willing souls to assist you. I know I have found that the > times I'm most willing to do things for myself are the exact > times someone comes along to offer help. (Most often for me it's > been this Guiding Light I met on a Board much like this, but > that's another story) > > Our personal Watchlists are not a secret, if I may speak for > others. As another Member noted, many of the picks we come to on > our own are well known and much discussed on this Board. Simply > perusing the Daily Screen on IBD will give you some wonderful > candidates to work with. The trick is, now that you know about > them, what are you going to do with them? Your not missing out > on very many "secrets" in the way of picks, except maybe with > Tom's small caps (I like 'em too, Tom) This is where developing > your own methodology is so important. To that end, you might > start by going through HTMMIS and deriving a process by which > you'll evaluate stocks that you come across. Write down the > things WON mentions that are important and make your list. > Decide that those which past this list will go on a Watchlist. > After you have that list (and keep updating it regularly) do > deeper Due Diligence (DD) until you are satisfied that you would > buy whichever stocks if their chart patterns present an > opportunity. Put those on your Ready To Buy List then watch them > like a hawk for that opportunity. Simply working out the details > of this will keep you learning for a good while. And it's > ultimately what we're all doing to get our lists, in one way or > another. > > Personally, I agree with those that prefer not to post their > lists. The reason is that a list is not separate from the > process by which it was derived. To share the list is to share > the process. To share the process is to assume the person it's > being shared with is going to relate to your way of looking at > the problem. That's a huge assumption. It leaves alot of room > for misunderstanding and disagreement. And it's always probable > that what works for another may not work for you. That's just a > consequence of being individuals. The funny thing is, there is > one person willing to share both lists and process, and is a > master at doing it. That, of course, is William O'Neil. It is > his process that is much debated and interpreted here. In that > context it's easy to see why it'd be difficult for any here to > really share their methods. As open book as O'Neil's method is, > it's still not easily grasped or executed. And he is in the > business of letting you in on his "secrets." What chance do we > have of really being able to pass on our approach without > exposing it to misunderstanding, and useless defending? No, > instead I recommend letting the Experienced teach you to explore > yourself. > > You obviously have the desire to learn. But trading, like any > discipline, takes alot of working with, alot of patience, and a > love of learning. As I see it, CANSLIM is not a get rich quick > method but a Discipline to Master that leads to Wealth. I think > most would agree that part of that Wealth is the inner growth > developed to master the method (which, incidentally, I have > not). Spend some time working with the ideas you have been given > to this point by so many and see how pondering them helps you > grow. It's a process we all go through, and continue to go > through. I don't think the learning ends until you quit. The > Board will be here when you need them, but much more is gained, > I believe, by taking a bite at a time then chewing for a while. > > Best Wishes for a rewarding Journey, > > Robert W. Elmer - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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