english is not my first language so ...
i am the biggest fan of canslim and if you take a quick look at my previous post you'll see why...i used to work for that company and i am forever grateful and lucky because i had a great start at investing and after about 1 year, i am about to take trading full time ( not daytrading ) but i make money with trading only.
some say the book by wjo is a scam to sell you the paper but it is not...wjo makes his money with wonda not with the paper
the paper is always bullish at all times, the market might suck and they still say it is ok why ? because ibd is a bullish publication and casim is a bullish strategy they would not sell the paper if they admit when the market is bad, and canslim does not work in sideways and bear markets.
and yes it is true if you understand and know how to apply canslim you can make money just partecipating in 1/3 of the market...bullish
david ryan did win the us investing championship 3 times and in the market wizard book he explains what he does to pick stocks but that doesn't mean that the system will work for you
and yes after david ryan left ibd and went to work for a mutual fund his performance was waaay more mediocre so ? there is no need to be surprised every good money manager will tell you that to make the first million is easy but when you invest A LOT of millions can slim can kiss my...
now there are many many ways to make money in the market with or without canslim just like there are even more ways to lose money and i feel sad when i see new investors building totally unrealistic expectations
if canslim works for some it doesn't mean that is good or bad it means that it work for some and that's it, it might not work for you.
the bottom line is that many new investors would be way better off if they stay out of the market because there are pro that work 24/7 and their only goal is to separate your money from your wallet
new investors should read how to make money in stocks from p 235 to 242 about good mutal funds that's it, that's all you need. If you don't like wjo read that somewhere else what he is talking about is an old well known proven long term strategy that you can find in any other market book.
if you really really really want to invest yourself take seminars but try to go for the seminars where you atually learn how to invest...yes, every seminar will try to sell you their service or whatever but as long as you can learn and get to the point where you are able to pick stocks on your own you 'd be doing great
one thing that i love about ibd and their seminars and their services is that NO ONE EVER suggest you what to buy or sell, however those tools help you to have a very precise "picture" and analyze what you are going to get into
that makes sense and that helps me
i once watched and infomertial maybe investools with the red and green arrows that tell you when to buy and sell
pleeease do not let them insult your intelligence
i don't care if you buy ibd or wsj or pay for any other service but i am sad to see how many people buy all sort of stuff and get ripped off
i took an optionetic seminar because i want to apply options to the bullish strategies i learned with ibd, in my naiveness i think it will work so i went to the seminar to see many many other people that will be very disappointed abut options and will lose money because optionetics gives unrealistic and rosey expectations that with options you can always make money wherever the market is sideways up or down right ?
how beautiful and it sounds so easy
by the way if after learing ALL about options in 2 days you need some help don't worry they sell you a coatch a newsletter and a software $ 10000 ? to recognize buys and sells and if that's not enough they got something else to sell you, see their website for yourself those seminars never end
i guess after spending $ 20.000 + you are ready to invest
just like ibd tells you that you can cut your losses at -7 , how great, now try to cut that -7% for 5 times in a row and see how it feels.
look at canslim stocks for 6 months 1 year and 1/2 of them will tank big time ...that doesn't mean that canslim stocks are bad it means that they are not for everyone
again new people shuld stay out and go for a good mutual fund where a pro will manage it for you while you don't have to worry and live your life instead of looking at the screen all day long you can go to the beach
and please unless you have a sense of what you are doing and a clear direction a 2 day seminar won't solve your problems, nor an investment newsletter
if you knew for a fact that 2 months from now ibm goes up $ 2...let's just say you do the hair of the ceo and he tells you...what are you going to do ?
will you write a newsletter for everyone about ibm going up $2 or will you quitely go ahead and buy some shares ?
if investing were so simple everyone would do it, fact is that it is not for everyone and it much MUCH HARDER than what ibd and all other "sellers of something" make you believe
also take everything i say with a grain of salt i am not a market wizard i am not making millions i am just a guy who trades for a living and i guess i am even trying to take your money because i think i have an edge over you but at the end of the day the question is always the same
are you making money ?
am i ? i am but i am not making yet what i really could, i believe i will, but for now fact is that i am still on an internt board just like you
good luck
- g
i am the biggest fan of canslim and if you take a quick look at my previous post you'll see why...i used to work for that company and i am forever grateful and lucky because i had a great start at investing and after about 1 year, i am about to take trading full time ( not daytrading ) but i make money with trading only.
some say the book by wjo is a scam to sell you the paper but it is not...wjo makes his money with wonda not with the paper
the paper is always bullish at all times, the market might suck and they still say it is ok why ? because ibd is a bullish publication and casim is a bullish strategy they would not sell the paper if they admit when the market is bad, and canslim does not work in sideways and bear markets.
and yes it is true if you understand and know how to apply canslim you can make money just partecipating in 1/3 of the market...bullish
david ryan did win the us investing championship 3 times and in the market wizard book he explains what he does to pick stocks but that doesn't mean that the system will work for you
and yes after david ryan left ibd and went to work for a mutual fund his performance was waaay more mediocre so ? there is no need to be surprised every good money manager will tell you that to make the first million is easy but when you invest A LOT of millions can slim can kiss my...
now there are many many ways to make money in the market with or without canslim just like there are even more ways to lose money and i feel sad when i see new investors building totally unrealistic expectations
if canslim works for some it doesn't mean that is good or bad it means that it work for some and that's it, it might not work for you.
the bottom line is that many new investors would be way better off if they stay out of the market because there are pro that work 24/7 and their only goal is to separate your money from your wallet
new investors should read how to make money in stocks from p 235 to 242 about good mutal funds that's it, that's all you need. If you don't like wjo read that somewhere else what he is talking about is an old well known proven long term strategy that you can find in any other market book.
if you really really really want to invest yourself take seminars but try to go for the seminars where you atually learn how to invest...yes, every seminar will try to sell you their service or whatever but as long as you can learn and get to the point where you are able to pick stocks on your own you 'd be doing great
one thing that i love about ibd and their seminars and their services is that NO ONE EVER suggest you what to buy or sell, however those tools help you to have a very precise "picture" and analyze what you are going to get into
that makes sense and that helps me
i once watched and infomertial maybe investools with the red and green arrows that tell you when to buy and sell
pleeease do not let them insult your intelligence
i don't care if you buy ibd or wsj or pay for any other service but i am sad to see how many people buy all sort of stuff and get ripped off
i took an optionetic seminar because i want to apply options to the bullish strategies i learned with ibd, in my naiveness i think it will work so i went to the seminar to see many many other people that will be very disappointed abut options and will lose money because optionetics gives unrealistic and rosey expectations that with options you can always make money wherever the market is sideways up or down right ?
how beautiful and it sounds so easy
by the way if after learing ALL about options in 2 days you need some help don't worry they sell you a coatch a newsletter and a software $ 10000 ? to recognize buys and sells and if that's not enough they got something else to sell you, see their website for yourself those seminars never end
i guess after spending $ 20.000 + you are ready to invest
just like ibd tells you that you can cut your losses at -7 , how great, now try to cut that -7% for 5 times in a row and see how it feels.
look at canslim stocks for 6 months 1 year and 1/2 of them will tank big time ...that doesn't mean that canslim stocks are bad it means that they are not for everyone
again new people shuld stay out and go for a good mutual fund where a pro will manage it for you while you don't have to worry and live your life instead of looking at the screen all day long you can go to the beach
and please unless you have a sense of what you are doing and a clear direction a 2 day seminar won't solve your problems, nor an investment newsletter
if you knew for a fact that 2 months from now ibm goes up $ 2...let's just say you do the hair of the ceo and he tells you...what are you going to do ?
will you write a newsletter for everyone about ibm going up $2 or will you quitely go ahead and buy some shares ?
if investing were so simple everyone would do it, fact is that it is not for everyone and it much MUCH HARDER than what ibd and all other "sellers of something" make you believe
also take everything i say with a grain of salt i am not a market wizard i am not making millions i am just a guy who trades for a living and i guess i am even trying to take your money because i think i have an edge over you but at the end of the day the question is always the same
are you making money ?
am i ? i am but i am not making yet what i really could, i believe i will, but for now fact is that i am still on an internt board just like you
good luck
- g
