yes I thought this was the case as well.... it's not the CANSLIM HEDGE FUND IS IT?
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CANGX probably needs to hold positions throughout all market periods so. . .
oh yes it is worth it......some people claim you cannot code systems....That's rubbish.
It's worth puruing as it will give you more free time. Your job is to manage the system etc..not watch each little bar go up and down all day long.
i think he's trying to say he doesn't want to reveal the system to the coder?
I agree...they'll claim they'll sign non-disclosure, etc....but it's B*S*. If it is good they'll sell it off to third parties or use for them-selves one way or another.
You'll have to search high and low for...
problem is Mutual Funds have to be 100% invested at all times and have to diversfiy massively. So that goes against his trading rules.
I guess he's making a ton from management fees?
do not bother.......charts do not give you any advantage at all. all those so called patterns are non-sense.
They can be an aid to following price but that's all.
Hi,
I am a big admirer of William o'neal and his Canslin method...to a degree.
But I am surprised his Mutual fund is doing so poorly. Is it because the method is flawed or becasue he is now contrained by B*S* laws/legislation that his performance is so bad...
these trend lines are Soooooo subjective. Move the angle a bit here and there and wow you have multi year break outs...
"support becomes resistance until it's broke..." Blah,blah,blah..
Looks random to me. Like all T.A. buy them all let the winners ride and cut the losers. But you have...
no still in kid....if it gaps down to $1 it won't hurt me........I actually factor these things in before I take the plunge unlike you gamblers...... no sweat.
you pay your money you take you chance like in every stock....do not tell me it's any different.
Side note...does anyone here...
in a way he's right...shorter term is more random. But what is short term and what is longer term? 10 seond charts, 1 minute, 5 minute, 30 minute, 1 hour, 4 hour, daily, weekly,monthly, qtrly, yearly?
I simply do not beleive this!
How can that be possible? Even at $1,000 per month he woyld need: 200,000 subscribers.........LOL I think you have a few 00's extra
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I know one guy with a trading service who made nearly $200million last...
yes it's amazing. People pick a side and then find info to support their opinion. Ignoring all else.
I have a friend who is a Perma bear.....Gives me reasons every day why she is so...I simply look at the Nasdaq chart and wonder why.
Agreed....this is pure gambling and it's so easy to do with O.P.M.
anyone loses me 10% in one month can shove it where the sun doesn't shine. So three big losing months and he's lost over 70% of the capital! Wow...where do I sign up?
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