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  1. almx

    Credibility of CANSLIM and William O'Neil

    I do the same regarding the CS and averages, personally I take fundamentals as an additional chance to have the stock on my side and for it to continue its trend, I know nothing about arbitrage. As for the 10% I suppose he has a tight stop maybe 2% which gives a reward of 5, I wouldn't...
  2. almx

    Credibility of CANSLIM and William O'Neil

    I find it counter-intuitive to subscribe to Smith and Surge and then take as most significant takeaway the Minervini setups that don't care about fundamentals. I'm a subscriber of IBD digital only and trying to trade consolidation into CANSLIM stocks, aren't Smith and Surge trading only strong...
  3. almx

    Paper Consolidation Trading Journal

    No, I have no limit of stocks but I was thinking that at least 100 or 200 if that's is statistically significant and it could be more or less depending if I'm able to grab something really important from it or not at some point or not. Regarding the position size, yes, it's an unknown variable...
  4. almx

    Paper Consolidation Trading Journal

    18. TAYD, Taylor Devices Inc. Both consolidation down trend and recent swing high broken and this last with greater volume. Long @ 47.67, Stop Loss 10%
  5. almx

    Paper Consolidation Trading Journal

    17. CWCO, Consolidated Water Co Ltd. This one has been trending down a bit but that double bottom could change things as major trend is up...
  6. almx

    Paper Consolidation Trading Journal

    16. BZ, KANZHUM LIMITED Long at 19.15, stop loss 10%
  7. almx

    Paper Consolidation Trading Journal

    15. FOR, Forestar Grop Inc. Almost good numbers and stock clearly in up trend. Need to be careful here, its consolidation was harder than previous one, could that be a sign that the trend is nearing a top ? Long at 33.33, Stop Loss 10%
  8. almx

    Paper Consolidation Trading Journal

    14. AZEK, The AZEK Comapny Inc. Stock in a confirmed up trend which looks stronger than in previous consolidation. Annual earnings still not positive but improving and the break of recent swing was with 200%+ volume. Long at 43.31, Stop Loss 10%
  9. almx

    Paper Consolidation Trading Journal

    13. GH, Guardant Health Inc. This is s a particular case as it's a down trending stock that seems to be changing trend right now. Fundamentally, earnings numbers were good but ROE is still awful, it's first in its industry but its industry is ranked 176 out of 197 which is quite bad. So the...
  10. almx

    Paper Consolidation Trading Journal

    12. Rex, REX American Resources Corporation Same swing break here but without clear consolidation trend. Entered Long @ 46.10
  11. almx

    Paper Consolidation Trading Journal

    11. AEO, American Eagle Outfitters, Inc. Just went above its most recent swing high but consolidation trend not broken yet. Entering long at 21.20
  12. almx

    Paper Consolidation Trading Journal

    10. NXT, Nextracker Inc. Young company in a fresh up trend that published strong numbers. The consolidation here is not usual, there is a kind of double top but it seem to be rebounding from the EMAs. Entering long at the most recent down movement break at 50.98
  13. almx

    Paper Consolidation Trading Journal

    9. DFH, Dream Finders Homes, Inc Another almost CANSLIM stock that just broke a rounding consolidation. Long @ 27.00
  14. almx

    Paper Consolidation Trading Journal

    8. OKTA, OKTA, Inc. This one broke a recent base but still not the down trend consolidation, it has come back near the entry point and that's why I enter, maybe a bit early as I wonder if I shouldn't wait the break of recent swing high which should break the down trend at the same time...
  15. almx

    Paper Consolidation Trading Journal

    7. IBP, Installed Building Products, Inc. This one has just broken today it recent base and consolidation down trend while remaining above EMA200, it's well positioned in its industry and has good numbers and even if it's not fully CANSLIM compliant it deserves a try.
  16. almx

    Paper Consolidation Trading Journal

    Understood the overhead but I don't think that's an issue. Usually investors that bough at high prices and are waiting to recover are small chicken like me and big trends are driven more by institutions. You can look by yourself, this pattern repeats endlessly in almost all long term trending...
  17. almx

    Paper Consolidation Trading Journal

    No problem, I'm always open to constructive discussion. I know, if I understood well, that you are more in strong stocks that have proven record of past performance, fundamentally, generally speaking, technicals sooner or later follow fundamentals. I'm more of a momentum trader so if the stock...
  18. almx

    Paper Consolidation Trading Journal

    6. DAVE, Dave Inc. Broke a small base near EMA150 and its more recent down trend. Long @ 34.35, Stop Loss 10%
  19. almx

    Paper Consolidation Trading Journal

    5. ACLX, Arcellx Inc. This one has broken two small bases at what could be the end of its consolidation, it was time to get in. Long @ 57.35, Stop Loss 10%
  20. almx

    Paper Consolidation Trading Journal

    4. FROG, JFrog Ltd. Long @ 35.00, Stop Loss 10%
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