Honest review of the CANSLIM strategy
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- เผยแพร่เมื่อ 29 ก.ย. 2024
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This video is an honest review of the CANSLIM strategy and my experience.
CHAPTERS
0:22 - My journey with the CANSLIM strategy
0:51 - What is CANSLIM?
1: 50 - What does the ACRONYM CANSLIM stand for?
2:10 My learning from the CANSLIM Strategy
5:27 - Quick review of the book “How to make money in Stocks
11:00 - Summary
12:13 Wrap up
Starting in a choppy market you learn eventually that portfolio management and trade sizing is huge. Also market situational awareness is key… Saves your money and mind..
I feel the same with CANSLIM. More focus would be needed on the portfolio management strategy and risk loss. Overall a must read anyway.
Thank you Bro ❤ Kindly plan for writing book for sharing your knowledge for timings, Risk management, portfolio management and position sizing which should be combined with canslim .
Love your analysis and truthfulness
If you don't have $100,000 to trade with in order to risk 1% to 2% per trade, then you shouldn’t be trading and that’s with top trading knowledge.
In the older books didn't he say you're looking for the top 2% of stocks? I don't think it's 2%.
Married puts will make life easier when trading raw breakouts.
They’ll also kill your profits.
you mention CANSLIM doesn't cover portfolio management, would you be able to recommended any books or resources which can fill in the gaps.
I cover it in my course. However, re: books, none really stand out.
@@carusoinsights OK thanks !
Have you ever ran any back tests with the CANSLIM system? Or implementated CANSLIM in an automated strategy?
I haven’t, but I am currently starting a large research project
@@carusoinsights OK, cool, good luck :) I am looking to automate some of it with Python.
@@fredbennett5285 have you done it ?
CANSLIM
Most of the times it works to have patience post breakout and accumulating in the consildation after the pullback post breakout ...imo operators have developed this great trap to stop out breakout traders ...
I face the same. Most of the time I punished by buying breakouts. Great video and hope to know your approach how to tackle with the issues you have mentioned.
It can be difficult. You can learn more about my process at carusoinsights.com , or by watching some youtube videos I've done
You described my exact experience with CANSLIM - It was as if you were watching me trade the past couple years! Good stuff and I appreciate the insights. I’m an IBD Live subscriber and that’s how I found you. Couldn’t agree more that O’Niell has had a positive impact on my trading but I have been looking for more learning opportunities. You have really helped me in the short time I’ve been following your content. Thanks!
after o'neil, caruso and minervini are the two next best imo...
Cool, thanks! IBD Live is great ,and I'm always happy to be a guest
You're too kind!
Matt, it seems that your system ignores the 'M - Market Direction'. While you commented that you made 346%+ in 2020 in a bull market, you didn't mention what you made in 2021, 2022 and 2023. Your system of holding on for home runs and not taking partial profits only works in a bull market, but has you fighting the trend and does not work in a choppy market like 2021 and 2022. My experience following your system has your members down -10 to 20% in 2022, down almost 10% in 2023 and a win rate under 10%. Losing money trade after trade in a choppy market while waiting for the next bull market is not a good system. Factor in inflation and your members will have to make 50+ percent just to break even after 2+ years of negative returns using your system. I really hope that your system will adapt to How to Make Money in a Choppy Market because that is where the real skill lies, not just a bull market where everybody can be a winner.
It’s a video on Canslim, not my career returns. I’ve been trading full time since 2008. I only launch my membership in March 2022, so I don’t know how you can extrapolate 2+ years of returns. In 2022 I was up single digits % and in 2023, so far down single digits%. Admittedly, it’s a tough market, but the system is designed to minimize drawdown in bad markets but really thrive in Bull markets. Anyway, markets are tough and I wish you the best of luck going forward.
I have been trading for 30 years amd for me this strategy is far too much work and makes us attached and emotional with certain stocks and makes us make bad decisions holding on to them, trading with no emotions or detachment works a lot better for me and takes me a couple of hours per week, most people will never make money with this, 2 winners (sure big winners) out of 10 means the fundamental analysis work was all for nothing and you would get more success flipping a coin (which can make.money too) I agree with your verdict on the system, great video
This is excellent and addresses my brief experience with breakouts, ie, most fail which gets “old” in a hurry. Last Sunday’s video was superb. Your focus on a small number of carefully selected quality companies with strong fundamentals is appreciated.
Thanks, Lee! If you are working with a breakout strategy, you need to be VERY restrictive as to which stocks qualify otherwise there will be a never ending stream of losses.
@@carusoinsightshey, would it make sense then to short / sell calls / buy puts against breakouts ?! Since most fail. Obviously keeping in mind the r/r as to not lose pants on the breakouts that actually work
@@aleale8029no, they makes absolutely no sense
Thanks for sharing!
Have you read Stan Weinstein book, any thoughts comparing Stan’s vs Bills approach to investing?
All the best!
Looking again at this for (X:th time!), this a perfect CANSLIM summary by you being a very skillfull investor/trader, thank you again.
Just the subject of taking the profit or letting a trade run longer time with larger stop loss seems to be worth deeper discussion. It is discussed by another trader with long experience here on TH-cam. It would be highly appreciated to see a lecture/video specially on this subject with a few examples based on your experience and style.
Thanks a lot for sharing, I wish I have watched your video earlier, high-quality content, great insights!
My 2 cents: I have been in the market since mid 2021. I told some of my stocks to my mother and sister. They have better returns than me in 2024. The reason for that is they don't see their portfolio for months and I see it everyday. Hence, I react to the market trends, they don't.
I've been in the markets for 30 years and I can tell you categorically you should never give stock tips to anyone and you are far more likely to lose money than someone who checks the charts infrequently, constantly watching charts will raise your emotions (the enemy of profit) raise your stress levels (leading to panic and poor decisions), unless you have many many years experience and success you should advise your family (best advice is never to take advice) to buy an extremely low index fund and dollar cost average for the next 30 years
Thanks Matt. As someone who bought my first stocks a fortnight ago you've convinced me to buy the book :)
You definitely won’t be disappointed!
Great video! I prefer to buy pullbacks and you've really validated the experience i have had trying to buy breakouts and getting cut up
Would love to see your insights into accumulation/distribution on different timeframes from days you worked as MM
well articulated and excellent job threading a needle with a difficult message for many to understand who have not experienced the journey...
Glad it was helpful!
Thanks Matt for your honesty and insight 👍
My pleasure!
You are so accurate, it really helps that you articulated the intense journey, and what this great book has, and what it hasn't.
I think that Minevini's books fill the gap about entry tactics, position sizing, progressive exposure, and coping with different conditions of the market.
Thank you for this enlightening video.
I have watched tons of your videos especially on traderlion channel, and have learnt a lot from them, if possible kindly consider pen down and writing a book which will help a lot of people. Especially risk management and position sizing part
It is in the works!
Great video! I'm aware of CANSLIM but haven't bought the book or used the system. As someone who has tried several different systems and experienced the downsides of those systems, it's nice to hear that perspective for this system.
Even if you don't plan on employing the strategy, I highly recommend you read O'Neil's book
Thanks really enjoyed this as it was my experience too.
I could not agree more with your view that it is a simple method and strategy, but it is extremely difficult to implement behaviorally and seems easy from first glance. This is why I think so many people get attracted to the strategy and then leave after a time period such as the last 2 years.
Absolutely
That’s my exact take and experience with WON’s book. Thankfully IBD Live provides some of those external knowledge tips regarding risk management, portfolio management, trade sizing, etc. in addition to links to other educational resources and guest panelists such as yourself.
They do a great job and I always look forward to being on with them
Super confirming. Thanks Matt.
I love that it's so authentic
Thanks! The ai of this channel is to make content that real traders can appreciate
THANK YOU SO MUCH. Matt speaks the truth about growth stock investment.
I’m glad you enjoyed it! Yes, I’m as transparent as they come 👍🏻
Thanks for doing this video. I have had my share of frustrations in implementing Canslim.
Oh yes, I've been there. You know it works but you can't get it to work! The market environment makes a huge difference
Can u pls make a full detailed video on "how to do post analysis "
Sure, I'll keep that in mind
Great video. I feel like I’m going through exactly what you went through maybe. To your point, great book & so much foundational knowledge in there that is still the core of stock selection…but I’m glad I expanded my horizons in my investing/trading journey to learn from others & learn different stuff, including following everything you put out for the public!
Don’t worry about changing things if they don’t suit you. What you do hav to be cognizant about is making sure your change s don’t undermine the core of the system.
Excellent honest review !
Most breakouts are fake outs
The skill, which I believe Bill O'NEil had, is to know when to use them. Not so easy in real time application
This is a great honest summary. Thank you.
My pleasure!
👍
Thanks! ❤
Turtle trader gang
Please write a book!
I started, but it takes a lot of time. I hope to wrap it up by end of the year
Favorite trader/investor right here
Thank you!
Insider trading is the way to go.
Yeah! The way to go to prison..
@@airsrock2.053in reality not for the privileged and it's widespread
Nice one Matt. Great video.
I’m glad you enjoyed it!
Thanks for your honesty
Always!
It is a laughable strategy. They talk about cup with broken handles or high tight ass flags. Warren Buffett would laugh at their silliness.
If you don't understand Warren Buffet is a value investor and Oneil is a growth and momentum trader, you need to keep learning.
Silly