Momentum trading & Canslim are just one of many trading concepts. However in my opinion and experience believe this is winning strategy. William O’Neil made Canslim famous over the decades. He has applied the same lessons that Nicolas Darvis used by buying strong momentum stocks. Darvas in the 1950s amassed a fortune by trading momentum stocks. This strategy is not for everyone. It must fit your personality. I am sure you realize more than 90% of all traders fail. You really have to make a choice. Do you want to be part of the 90% who fail and who seek to be entertained by the “Fun” of the markets? Yes, I am very serious. I speak to many traders. One of my proverbial questions is why are you trading? Another question is what are you goals? My next question is do you know your compounded annual rate over the last 10 years? If you do not know where you are, how do you know where you are going? When looking at Canslim stocks in the past; many wonder why they didn’t money trading them. It is very simple...they did not have an exact plan. In this short ebook, I present my winning plan. It is not perfect nor is anything. It matches my personality and risk tolerance. It takes less than ½ hour per day and over the weekends approximately an hour. Success is a combination of trading plan, money management and trading psychology. In this short ebook, I am giving you the entire plan and methodology. It is not perfect. There will be many losses along the way. However your job is to keep these losses small. There are only four potential outcomes. Big Losses Small Losses Small Profits Large Profits I will teach you to trade with stops. I will give you my proprietary trailing volatility stop. This will limit the potential for big losses...however there can be a news event in which a stock gaps downwards. There is no way to avoid this. There will be countless small losses and small profits. They will offset each other. I will discuss the proper mindset and trading psychology in order for you to accept these realities of trading. Lastly there will be rare times in which you stumble into a big winner. These do not happen often. They are rare in occurrence however these big winners make you profitable. I have been an avid reader of Investor’s Business Daily. I have been trading since 1994 and I am a long time trend follower. I learned early one the key to successful trading is relative strength and trend. William O'Neil has instilled in a generation of Canslim followers his methodology. However only until I put it into a format that matched my personality did I start to succeed. This is not about any magical system or indicators. It is not just a trading plan. It is a trading methodology. In order to be successful you need to combine a trading plan that matches your personality with proper risk management and trading psychology. I have compounded money over the years not because that I am a great trader but, because of my attitude and how I approach risk.
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