Originally Posted by ferco
Went to one of the William O'Neill presentation over the weekend on the CAN SLIM stock model. Has anyone had any experiences. Pro / Con.
I tried it for about six months a few years back. Too easily manipulated. Too much work to screen/track too many stocks. Too many stops to set, too many daily interruptions, too much to do.
Market makers love this model. It inspires frequent trading and the sell stop-loss setpoints are easy to figure out, so they can play the spreads and whiplash the momentum guys all day.
The more crowds of people who follow CANSLIM and other models, the less they work. The models, that is, not the people.
Over the years I keep coming back to the investment styles that suit my level of interest, my lifestyle, and my work ethic: value and dividends.