kennynah wrote:please, i am asking for the exact specifics...not the 5 accumulation days within 2-4 weeks, after the follow 1st through day...not the if follow through after 5 accumulation days fail, then the signal is crappy, etc...
specifics. ...on the application of canslim.....is what i am requesting from you...so i too can be slim...
i thank you in advance....
Hi Kenny-bro,
No worries, definitely not a contest. all of us are here to learn from one and another, no harm learning a new skill, a new weapon - you never know when you will use it or it could even suit your fighting style better.
on a serious note: what you have written above is the specifics and is the
EXACT answer to your question. you have the answer all along. it is this crappy sign that decide HEAD or TAIL. dun ask me why its so crappy and bloody-so-simple... i have also asked the exact same question to "the-slimmest-of-them-ALL" whether M of cansliM is that bloody simple and idoitic ( hey!! I am a GraTuAted, you know!
)
you will ask is it that simple whereby market timing can be done just by counting the distribution days??
- counting and making sure the distribution days are not more than the fingers of your one hand (ie. 5 days) within a period of no more than your 4 limbs (ie. 2-4 weeks)... as simple as counting. . . like what one-year-old first learn to do??
you will ask is it that simple whereby market timing can be done just by looking at whether indexes volume more than yesterday?
you will ask is it that simple whereby market timing can be done just by looking at whether index dropped >0.2% AND with volume more than yesterday?
you will ask is it that simple whereby market timing can be done just by looking at whether distribution days added up (3-5 days) within 2-4 weeks?
Seriously i am not insulting anyone's intelligence. i am still in deep red, i have not shed (earn) a single gram (cent) based on CANSLIM because i dun have the discipline, faith and my trading plan not comprehensive (i am still revising to take into account various scenarios and type of instruments to buy - thanks Kenny for advocating on a Trading Plan). But I have the faith and it seems that someone out there is slim enough to show CANSLIM miracle effects, i done my back-testing, it looks incredible.... so i will fine tune it until i slim down.
Still not convince?? then spend sometime reread this thread right from the start (i know you slightly lazy, but it really really helps...
) - "the-slimmest-of-them-ALL" have shown it in this forum/thread, only whether we wish to listen.
a personal side of the story
- i first learnt of CANSLIM 5 yrs ago - i brush it aside as just ONE OF THE MANY investment style and subscribe to my lecturer's teaching in Financial Management 101 that market cannot be timed and market is efficient - better to use Markowitz's Efficient Frontier. Then i realise got the celebrity Buffet who is highly praised, i decided to follow his style (even though i know i was too old to distribute Straits Times)... so i continue in my glory days of bull-investing (the Bull's Eye is so big and right under my nose that however i tried, i cannot lose $$!!!
).
- Market turned, i averaged thinking that i am NEO (from Matrix), that falling knife is nothing vs the slow-motion bullets i conquered!!
- left right centre i catch all knives (you can see from my swiber purchase in mid 2008)
- i disappeared thereafter; ego busted, ass busted, hair from everywhere is burnt, paisei to show a naked DXXX, also dare not go ICU cos i have no $$$...
- until the hair starts to grow back (lucky my career still a saving grace, got some $ as i rebuild and learn to be humble)
- i start to reread my books, many others then i chance upon the discarded SLIMming pills again.
- then i came back to (now defunct) HUATOPEDIA and start asking stupid question which "the-slimmest-of-them-ALL" is generous and very very patient to answer; just like how Winston contributes selflessly.
- I really kow-tow to MM and Winston who has seen it and done it but still willing to share their knowledge (humbly and patiently) - its really amazing how big their hearts are....
- and FAST FORWARD - here i am in my straits-jacket, typing, and trying to share with you
WHAT YOU ALREADY KNOW....
- "the-slimmest-of-them-ALL" has said how he wish someone told him that market timing can be done many years ago... and in his many threads and warnings, advices to many out there that it could be done... its not to change your style of investing, M of cansliM can be used to enhance your style...
- "me-in-the-straits-jacket" also will like to tell (after my painful lesson) any newbie out there that indeed market timing can be done... (but I concluded, being young with its ego is a learning process, you must fall down hard then you know that it is DANGEROUS to jump from 2nd floor of HDB flat - even when playing "Police-and-Theif",
i'm sure many of us have done the "impossible" acts to realise it was nearly the LAST act!! )
Finally, you may ask - what makes me think that CANSLIM is the one method you should follow
My answer is - i dunno - i just have the FAITH.
if "the-slimmest-of-them-all" (i think very TALL and skinny
) has the time (after he fetched his kid home), patience and kindness (after so much of my praises), he may add in a few humble words...
____________________________________________________________________________________________________
Like to emphasise again that
this is not a contest between different investment styles - different methods yield different results in different hands. Just like Karate, Taikwando, Judo, Thai-boxing, shaolin (with many sub-divisions), all can be used for self-defense and can be very effective as long as one gets the true spirit of the art.