Comments on: Stock Trading Friday – Oct 19, 2007

By: FrugalTrader

FrugalTrader — Thu, 25 Oct 2007 01:15:54 +0000

Hey DrewP, i’m not using exactly the CANSLIM method but some of it’s principles. Chris Perunna uses the CANSLIM method pretty methodically, and he has some great results. Check out his site, he posts stock picks etc based on those principles.

By: DrewP

DrewP — Thu, 25 Oct 2007 01:13:10 +0000

Hey, FrugalTrader,

When you say the “technical trading scene” are you presently using the CAN SLIM method?

Does anyone here have much experience with it? If so, what kind of track records do you have with the techniques?

By: the Wealthy Canadian

the Wealthy Canadian — Mon, 22 Oct 2007 23:08:40 +0000

Well, I’m not going to try and persuade you guys – I was always a fundamentalist too. I think the pessimist in me had just noticed unusually large price movements days before an announcement being made, etc. So I started looking to technical analysis… or maybe I just enjoy looking at the pretty pictures;)

By: The Financial Blogger

The Financial Blogger — Sun, 21 Oct 2007 12:04:00 +0000

WC, over a long period of time, market timing counts only for 2% of your yield. So for a fundamental investor, there is no use for him to look at charts. His stock analysis is much more relevant.

With the technical analysis, chances are that you will not keep the stock for a long period of time.

By: FourPillars

FourPillars — Sun, 21 Oct 2007 02:48:32 +0000

WC – it would only be worthwhile if you believe in the charts. As a non-believer (sorry!) the charts would be useless to me.

Mike

By: the Wealthy Canadian

the Wealthy Canadian — Sat, 20 Oct 2007 21:22:50 +0000

FP, I think that even if you are a fundamental investor it is good to understand what technical analysis is. For example, you might be able to find a value stock but if charts show it will likely continue to go down wouldn’t it be worth waiting until it stops falling?

By: Chris

Chris — Sat, 20 Oct 2007 12:53:18 +0000

Thanks for the links Frugal! Have a great weekend!

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Fri, 19 Oct 2007 15:29:20 +0000

Thanks FT for the mention! I think either tomorrow or early next week will be the move into 1,000 RSS territory, We should have a party :P

By: FrugalTrader

FrugalTrader — Fri, 19 Oct 2007 12:48:03 +0000

Hey FP, that’s a good point. Since i’m fairly new at the whole technical trading scene (1 yr or so), I haven’t done a lot of bench marking. However, at year end, i’ll do a post comparing the Canadian or other index compared to my trading performance. Thus far, I would say that my trading has been mediocre at best.

By: FourPillars

FourPillars — Fri, 19 Oct 2007 12:43:52 +0000

I’m not into technical trading but I love some of the descriptors – “bearish engulfing candles”…

FT – do you monitor your trading performance against anything? ie an ETF? It would be interesting to see some posts analysing how your performance measures up.

Mike

By: The Financial Blogger

The Financial Blogger — Fri, 19 Oct 2007 11:49:20 +0000

Stock Trading To Go is definitely one of my reference now! I really like the post about how to invest in oil without ordering barrel :-D