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 understand it otherwise...
 
I don't understand what you mean by "I do the same". I believe his stops are 4-5%.

If you look at the most attractive charts on MarketSurge right now, what's most noticeable is how god awful the fundamentals and earnings are, particularly the earnings. Stocks kicking ass on four quarters of losses, and not only pharmaceuticals.
 
I mean I watch for stocks with same composite score criteria and having the EMAs aligned, you will find some charts in my journals if you want to see what I talk about.

4-5% ! Well, that means that with such reward he must have a high win rate :cool:
 
ms33 said:
What kind of returns are you getting from your approach?
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I just started it at the same time I started the journals, it's brand new and fresh.

And my goals are something between 2 to 5 as reward with a win rate of 50%.
 
Only negative but I have been trading Forex till last year when I decided to switch to Stocks.

Reading Minervini, Darvas, O'Neil is what decided me to switch and allocate real money this time. I'm 55 years old and I would really build a good base on which I can of course earn something but also stay occupied doing something I like when I get retired.

Forgot to mention, I have a son and if I could leave something for him, that would be really nice, not talking about money but about a trading system. He trades Cryptos and know that I trade stocks and he's interested in it, so...
 
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