CANSLIM Investing: The Strategy 99% Investors Ignore (But Shouldn't)

[@TraderLion]

📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG 👇 What you'll learn! -------------------------------------------------------------------------------------------------------------------------------------------------------------- Lesson 1: Build a sturdy trading foundation to overcome the biggest obstacles holding you back. Lesson 2: Master 3 powerful trading setups to adapt and thrive in various market conditions. Lesson 3: Efficiently screen and find top-performing stocks with strong momentum and high growth potential. Lesson 4: Establish a streamlined risk management strategy using stop losses, position sizing, and portfolio heat analysis. Lesson 5: Optimize selling decisions by identifying late-stage bases or key trend reversals by analyzing daily and weekly charts. Lesson 6: Sharpen your trading analysis and decision-making by integrating cutting-edge analytical tools and techniques. Lesson 7: How to establish and maintain routine weekly and daily trading practices to ensure consistent performance and continuous improvement.

[@damonk13z]

good stuff!

[@Tradernotahater]

What a service you’re providing Richard, documenting the lessons of past generations for future generations. People will be reviewing your videos for years to come.

[@TraderLion]

Thank you for the kind words & glad you find the video's helpful!

[@RichardMoglen]

Really great talking with Lee. This is one you should watch multiple times.

[@michaels-h5539]

Really good Richard, thanks. Do you know if Lee is on twitter? And which was his email address pls?

[@RichardMoglen]

@@michaels-h5539 he's not on twitter. his email is in the description

[@TraderLion]

💯

[@dm_invest43]

Fully agree. Thanks for getting Lee on. Just looked and nothing else that I can see where Lee discusses his trading. Love his approach to talking about trading, very informative and entertaining too. One of the best things about this video is that Lee is genuinely open. I will definitely watch this again.

[@dm_invest43]

Should also note that Richard is great at letting his guests talk . Very few people have the ability these days to ask questions and pause long enough to listen to the answers.

[@TraderLion]

🕰 Timestamps 🕰 00:00 - Lee Tanner - Longtime Canslim Trader 14:02 - Mistakes Back in the 90’s 24:41 - Experiences Gained From Bill O’Neil In the Workshops Attended 32:26 - Buying on Strength Vs. Weakness 33:09 - AMGEN Stock 42:08 - Home Depot Stock (HD) 45:35 - Viavi Solutions Stock (VIAV) 48:52 - WEBO Stock (WB) 2016 53:20 - Netflix Stock 56:52 - Double Bottom Bases In Current Times 57:37 - NVDA Stock 1:01:02 - How Lee Picks Stocks Based On a Trend 1:04:23 - Basic Watchlist Requirements 1:10:41 - Any Weekly Routine For Picking Out Stocks 1:16:12 - Anticipation Market In Upcoming Days 1:21:22 - Daily Routine 1:30:00 - Sell Rules 1:34:46 - Trading Statistics 1:40:26 - How To Study Previous Winners/Trades 1:46:52 - Other Trading Charts 1:52:48 - Where To Find Lee/Meetup 1:54:49 - Advice For Traders Managing Stress 2:05:04 - Advice For Achieving Success/ Developing Rules

[@prettybird8942]

One of the best interviews ! Watching for the second time and taking tons of notes. Thanks for having Lee on !

[@TraderLion]

Glad you enjoyed it!

[@PE-TX]

This was an absolute gem! Thanks for bringing Lee on!

[@TraderLion]

No doubt!

[@alphabeta8403]

1:22:00 Daily routine 1:30:00 Sell rules 1:40:40 Post-analysis 1:47:00 NVDA 1:49:00 *Big cushion sell rule* 1:55:10 Don’t quit the day job before you’re ready 1:59:30 Trading is like sports 2:05:15 Information overload is a problem

[@TraderLion]

🙌🏼

[@joanpinol3253]

Richard! Please, don’t stop doing these interviews, for me, they’re awesome how traders share their experiences, thank you

[@TraderLion]

Glad you find them helpful!

[@Pan-Afrikan.Diasporan]

Lee is the man....... Thanks for bringing him..

[@TraderLion]

Thanks for watching!

[@tonystaples3095]

@@TraderLion Loved how he refers to himself in 3rd person - "Lee does this" - and that stocks are male gender...excellent interview

[@payam5330]

Richard, that was a great interview. Lee Tanner is a great teacher.! I was lucky that I joined the meetup at Petaluma a few years ago when I moved to the Bay Area, and got to learn a lot from Lee and that group. Thank you Richard for bringing this great interview. I am sure I will watch it many more times.

[@TraderLion]

Glad you enjoyed it! Thanks

[@yuliya2201]

The in-depth chart analysis and how Lee was recalling his trading process in different stocks was so beneficial.. great content!!

[@TraderLion]

Thanks!

[@stephanielanter4552]

Great content!! Such valuable info from Lee 👍

[@TraderLion]

Thanks for watching!

[@Consciousness317]

I always look for videos with great detail. This is amazing.

[@TraderLion]

Thank you very much!

[@davidbond9783]

Probably the best interview I have ever heard.

[@TraderLion]

Awesome!!

[@samir383]

He makes it look easy. Great interview

[@TraderLion]

Thanks for watching!

[@spacewalktraveller1]

Thanks Richard another great interview.

[@TraderLion]

Glad you enjoyed it!

[@tradeforcharity]

This was great. Lee is a straight shooter. Kept it simple as it should be. Many times we complicate ourselves LOL

[@TraderLion]

Agree!

[@L1amTill]

Fantastic interview. Really enjoyed hearing Lees story and he gave some amazing advice and tips to apply.

[@TraderLion]

Thank you! We're glad you enjoyed it!

[@lizlemon9632]

Realistic presentation. Thank you.

[@TraderLion]

Glad it was helpful!

[@gamemusicmeltingpot2192]

This is so good, you're doing great work Richard. Thanks

[@TraderLion]

You're welcome! Thanks for watching!

[@davidbond9783]

Awesome interview!!!

[@TraderLion]

Thanks!!

[@cwsi]

Very knowledgeable trader with a wealth of experience, truly amazing interview Richard, thank you both for recording some history that will help lots of people!

[@TraderLion]

Happy to help!

[@NWilson]

Need enlightenment! What is Lee referring to in Daily Routine #5. "Market School MEM"?

[@DeafPanthers]

Market School Market Exposure Model - model developed my Mike Webster, Charles Harris, and others.

[@NWilson]

@@DeafPanthers Thanks

[@NWilson]

@@DeafPanthers Thanks for the information.

[@TraderLion]

Sorry for the delay, glad someone sent over what you were looking for. Hope you enjoyed the video!

[@BOS_1982]

Thanks Richard for providing this top notch educational content 🙏🏼

[@TraderLion]

Thanks for watching it!

[@tonyf5236]

Maybe I missed it, but does Lee have a preference for either daily or weekly charts?

[@TraderLion]

Weekly for research and potential then daily for entries/risk management.

[@SunilSethi]

Excellent Sir!! Great learning. 🙏

[@TraderLion]

Awesome!

[@macair1958]

That was my favorite Traderlion Interview!!

[@TraderLion]

Same here!

[@mehdikhosh8879]

Thank you so much to both of you, Richard and Mr. Tanner. It was great.

[@TraderLion]

awesome to hear!

[@SistemAX-21]

halo Richard, i am junaidi from indonesia. I do thank you for this amazing video, Mr. Lee is a true legend, a respected trader. You are doing a great job bro Richard.

[@TraderLion]

Thank you!

[@johnadriantrezise912]

Truly excellent interview! Thx 🙂

[@TraderLion]

Glad you enjoyed it!

[@_M_D_M_]

Please request all of your guests to make sure that their mouse pointers are Extra Large, that they point and show clearly, zoom in, connect bar to volume or any other point that they are referring to. Lastly, let them be a little considerate and not fidget around that much. Thanks again.

[@TraderLion]

Great feedback, thanks!

[@DeafPanthers]

Love to listen to Lee. So much to learn from him!

[@TraderLion]

Agree!

[@tctc100fl]

Great guest…..looking forward to watching this

[@TraderLion]

Hope you enjoy it!

[@ps7857]

Excellent as always. What does it mean by " volume is corrupted by just the way the market is " - Mike Webster. Kindly guide Richard

[@TraderLion]

Check Mike's Twitter. He's done a few threads on it.

[@ps7857]

@@TraderLion thanks

[@drdontpassone8164]

freakin lee tanner --da man

[@TraderLion]

Yes definitely 🙌

[@u2b83]

AMGN jumped 14.5% in after hours after this video. 3 months of gains!

[@gf5050]

yeah ! it s all thx to this interview!

[@TraderLion]

lol

[@rit20095]

Great content❤

[@TraderLion]

Thanks!

[@tdaniel10]

Great video! Lots of fantastic stuff here

[@TraderLion]

Glad you enjoyed!

[@wallst4fun1]

This guy holds stocks for decades - wow - respect 🙏

[@TraderLion]

100%

[@macoveivasile75]

Thank you!

[@TraderLion]

You're welcome!

[@Dominic-de7yw]

Where can I find the MarketSmith Daily Data Screen?

[@mnestler31]

You build it yourself if you're a MarketSurge subscriber. Make a new screen and simply add all available columns. This might take a while.

[@TraderLion]

Sorry, we're not sure! Try asking on their channel.

[@u2b83]

RIP William O'Neil (March 25, 1933 - May 28, 2023) creator of CANSLIM He died as SPX was breaking out of a "tightening" base.

[@drdontpassone8164]

wow 12 add ons on weibo ..throwing big darts ........ freakin maestro lee tanner

[@TraderLion]

He’s awesome!

[@williamkreth]

Good stuff

[@TraderLion]

Glad you enjoyed

[@d1finance]

CANSLIM lines up with lots of the investing ideals that I have. Be clear that you need to understand this is a strategy that focuses on high growth. So this means it can win big but also lose big.

[@TraderLion]

💯

[@erickendall2506]

How can it lose big if your 8 percent stops are in place? Strange thing to say.

[@donvandenbord7671]

ANOTHER HOME RUN RICHARD! THANKS LEE!

[@TraderLion]

Thanks Don!

[@ShooterMcGavin68]

Lee: "I think daily routines are important!" Richard: 🤓🤓

[@TraderLion]

lmao

[@xianlin7831]

Thank you

[@TraderLion]

Welcome!

[@Edward-np4ih]

Classical examples in using CANSLIM making big $. The lesson is not to be shaken out and to hold for long.

[@TraderLion]

Align the timeframe that fits your personality the best. If you’re going to hold long you have to be able to deal with the pullbacks!

[@keithhurtubise3667]

Home run!😎

[@TraderLion]

🔥🔥🔥

[@REPR100]

His best returns were just buying and holding good companies, after following canslim and experiencing the many ups and downs, I'm wondering if that's not the best method with a lot less work

[@mnestler31]

It just doesn't work for most stocks. The ones where it works are the exception. Most leaders completely give back all of their gains. See Tesla. And you can do it only if you have a really big profit cushion.

[@TraderLion]

There is no one perfect strategy, everyone is different so you need to mold the system that's going to work best for yourself!

[@TraderLion]

TSLA was a monster stock that anyone with sell rules would have taken advantage of during it's time leading.

[@janreichenbach265]

The mutual fund William O'Neill managed with this strategy did not perform well. Why ?

[@TraderLion]

Not sure!

[@janreichenbach265]

@@TraderLion It's very likely a simple answer - the supposedly great strategy won't work ! Outperforming the SPX with simple strategies is almost impossible. Ever wondered why actively managed funds, no matter if long only mutual funds or hedge funds (any asset class, long or short), fail to outperform the S&P 500 by and large.

[@drdontpassone8164]

host does great job,,,,,lets his guests talk,i like dat

[@TraderLion]

Thanks!

[@xilllllix]

wow he has no twitter? he is old school!

[@marcdeiter1230]

Richard - did you share his email address?

[@TraderLion]

Hi Marc it's in the description

[@gf5050]

not so sure about this interview. love your content and well done to that man for his success . BUT he s a position trader holding stuff for 10+ years and going through massive drawdowns on his big positions. better ignore indeed (unless u wanna be a position trader)...

[@TraderLion]

He’s a Position Trader.

[@mnestler31]

I think you misunderstood. Lee doesn't typically hold positions for years. Usually just weeks to months if they don't fail quickly within days. The 10 year holds are very rare exceptions.

[@gf5050]

@@mnestler31 i understood perfectly. He s a position trader, willing to keep for years and let a pos give back 60%. It s bad…

[@MarkonahLeYes]

❤

[@TraderLion]

💙

[@Kartyman550]

Bros got taste wearing grados.

[@TraderLion]

👀