Go to Jeff Salisbury LWGate Home Page.From: "David Taggart" <dctag@mavericktrading.com>
Subject: [CANSLIM]
Date: Wed, 23 Jul 2003 09:09:39 -0600
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Hello,
As far as strategy goes I agree 100% with Katherine that there are a ton of
good trading/investing disciplines. From day trading and option selling to
value investing almost any method can be profitable if the person learns it
well and is disciplined. You can give the best trading system ever to 10
different people and a few will make a ton of money and a few will lose all
their money even though they see the same thing and so should be trading the
same thing. The Turtles of Richard Dennis and Market Wizard fame are a
perfect example. They were given a very very mechanical system and not only
did they have wildy different results but they ranged from making many many
millions to losing all of their startup capital. Discipline is where
trading success is at.
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Krueger, Kevin
Sent: Wednesday, July 23, 2003 8:35 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Slightly back on CANSLIM now (was RE: [CANSLIM] *** OFF
TOPIC *** Anti CANSLIM ** Hit Delete )
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Tuesday, July 22, 2003 11:33 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete
[Krueger, Kevin] [*snip]
All in all, to make money consistently in the market, one has to
(1) Have a strategy that works and that matches their sensibility and
risk tolerance
(2) Have tools that support that particular strategy
(3) Become a master at the strategy, constantly improving their
abilities and execution
(4) Have a keen focus and disclipline.
Pick any strategy you like, value investing, high growth investing, long
term investing, short term swing trading, whatever. There are endless ways
to make money in the market, but there are very few who are willling to do
what it is necessary to become an expert at their chosen strategy.
[Krueger, Kevin] Definitely excellent advice Katherine. Learn,
understand, and try to excel in a system. If it doesn't work for you, modify
your approach and try a different system. Myself, I was a value investor
during the late 90's. I had mixed results, but more importantly, I found
that that type of investing was not a satisfying approach for my
personality. I'm finding the technical/fundamental approach very
interesting, but I am a skeptic. I've been subscribing to IBD/reading
WON/learning technical investing since Jan '03. After that short time, I
feel WON's website, products, and books are there for 2 reasons: 1) Help the
investors make profits, 2) Help WON make profits. Obviously no. 2 is
primary. :) No. 1 is very solid as well. I enjoy the paper tremendously.
I find this group to be excellent collaboration because there is a
maturity in the analysis or opinions from the members that iterates the
ideas that there is no "right" answer for every situation in a system and
the individual investor must perform due diligence.
BTW - my results so far this year are indicative (I think) of my
skepticism in any one system. I've traded on sentimental value plays with
mixed results (ANDW, ET). I've traded on speculative crap and lost (SMSI).
I've traded on CANSLIM candidates outside of the pivot point (I was late to
the rally and did not want to miss out) and have had some mixed success
(BLTI, SOHU, LEND,THOR). I'm not trying to lose money while I learn, but I
value the results of real world application of concepts ;)
One question I have for CANSLIMers is on the primary (and hopefully most
properous) approach you take for finding potential long positions . . . are
you (1) finding stocks trading in a bullish technical pattern (i.e. cwh) and
then selecting only those candidates with CANSLIM attributes or (2) finding
CANSLIM candidates and monitoring them for the bullish technical pattern
where you might take a position. (Assuming long plays only)
Thanks
-Curious Kevin
Just so there's no misconception here, I know Vectorvest inside out,
having used it for 5 years myself as a means for mining for CANSLIM
candidates. It worked well enough though I have recently discontinued its
use in favor of something else.
CANSLIM is not for everybody. For those who invest the time to learn it
well, the rewards are super.
Katherine
[Krueger, Kevin] [*snip]
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<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D718255414-23072003>Hello,</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D718255414-23072003></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D718255414-23072003>As far=20
as strategy goes I agree 100% with Katherine that there are a ton of =
good=20
trading/investing disciplines. From day trading and option selling =
to=20
value investing almost any method can be profitable if the person learns =
it well=20
and is disciplined. You can give the best trading system ever to =
10=20
different people and a few will make a ton of money and a few will lose =
all=20
their money even though they see the same thing and so should be trading =
the=20
same thing. The Turtles of Richard Dennis and Market Wizard fame =
are a=20
perfect example. They were given a very very mechanical system and =
not=20
only did they have wildy different results but they ranged from making =
many many=20
millions to losing all of their startup capital. Discipline is =
where=20
trading success is at.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D718255414-23072003></SPAN></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Krueger,=20
Kevin<BR><B>Sent:</B> Wednesday, July 23, 2003 8:35 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] Slightly back =
on=20
CANSLIM now (was RE: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit =
Delete=20
)<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Katherine Malm=20
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Tuesday, July 22, 2003 =
11:33=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE: =
[CANSLIM]=20
*** OFF TOPIC *** Anti CANSLIM ** Hit Delete <BR><BR></FONT></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2>[Krueger,=20
Kevin] [*snip] </FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003>All in all, to make money =
consistently=20
in the market, one has to </SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003>(1) Have a strategy that works =
and that=20
matches their sensibility and risk tolerance</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003>(2) Have tools that support =
that=20
particular strategy</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003>(3) Become a master at the =
strategy,=20
constantly improving their abilities and execution</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003>(4) Have a keen focus and=20
disclipline.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003>Pick any strategy you like, =
value=20
investing, high growth investing, long term investing, short term =
swing=20
trading, whatever. There are endless ways to make money in the =
market, but=20
there are very few who are willling to do what it is necessary to =
become an=20
expert at their chosen strategy.<BR><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2> </FONT></SPAN><BR><SPAN=20
class=3D824565013-23072003><FONT face=3DArial color=3D#0000ff =
size=3D2>[Krueger,=20
Kevin] Definitely excellent advice Katherine. Learn, =
understand, and=20
try to excel in a system. If it doesn't work for you, =
modify your=20
approach and try a different system. Myself, I was a value =
investor during the late 90's. I had mixed results, but more=20
importantly, I found that that type of =
investing was not=20
a satisfying approach for my personality. I'm finding the=20
technical/fundamental approach very interesting, but I am a skeptic. =
I've=20
been subscribing to IBD/reading WON/learning technical investing =
since Jan=20
'03. After that short time, I feel WON's website, products, and =
books are=20
there for 2 reasons: 1) Help the investors make profits, 2) Help WON =
make=20
profits. Obviously no. 2 is primary. :) No. 1 is very solid as well. =
I enjoy=20
the paper tremendously.</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2>I find this group to be =
excellent=20
collaboration because there is a maturity in the analysis or =
opinions=20
from the members that iterates the ideas that there is no =
"right"=20
answer for every situation in a system and the individual investor =
must=20
perform due diligence. </FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2>BTW - my results so far this =
year are=20
indicative (I think) of my skepticism in any one system. I've traded =
on=20
sentimental value plays with mixed results (ANDW, ET). I've traded =
on=20
speculative crap and lost (SMSI). I've traded on CANSLIM candidates =
outside=20
of the pivot point (I was late to the rally and did not =
want to=20
miss out) and have had some mixed success (BLTI, SOHU, LEND,THOR). =
I'm=20
not trying to lose money while I learn, but I value the results of =
real=20
world application of concepts ;) </FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2>One question I have for =
CANSLIMers is on the=20
primary (and hopefully most properous) approach you take for =
finding=20
potential long positions . . . are you (1) finding stocks =
trading=20
in a bullish technical pattern (i.e. cwh) and then selecting only =
those=20
candidates with CANSLIM attributes or (2) finding CANSLIM candidates =
and=20
monitoring them for the bullish technical pattern where you =
might take=20
a position. (Assuming long plays only)</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff =
size=3D2>Thanks</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2>-Curious =
Kevin</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003>Just so there's no =
misconception here, I=20
know Vectorvest inside out, having used it for 5 years myself as a =
means for=20
mining for CANSLIM candidates. It worked well enough though I =
have=20
recently discontinued its use in favor of something =
else.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003>CANSLIM is not for =
everybody. For=20
those who invest the time to learn it well, the rewards are=20
super.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN><SPAN=20
class=3D000455603-23072003></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px"><SPAN=20
class=3D824565013-23072003><FONT face=3DArial color=3D#0000ff =
size=3D2>[Krueger,=20
=
Kevin] [*snip] </FONT></SPAN></BLOCKQUOTE></BLOCKQUOTE></BLOCKQ=
UOTE></BODY></HTML>
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