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

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Want to master the CAN SLIM investing strategy? In this episode, we sit down with experienced trader Lee Tanner to dive into the nitty-gritty of this proven method. Lee shares his fascinating journey in the markets, from his early wins to the hard-learned lessons that shaped his success.
Here's what you'll learn in this video:
• What is CANSLIM Investing? A breakdown of the key factors driving this dynamic strategy.
• Lee's Background: How his interest in stocks blossomed and how he discovered William O'Neil's methods.
• Mistakes and Successes: Lee's candid reflections on the crucial lessons he learned along the way.
• The Power of Underinvestment: Why being underinvested might be your biggest hurdle.
• Case Studies: An in-depth look at different stock case studies - Lee's successful trades.
• and much more
If you're ready to supercharge your investing journey,
Contact info for Lee: LelandHTanner@comcast.net
Enjoy!
- The TraderLion Team
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
#canslim #investingstrategy #traderlion

Пікірлер: 112

  • @TraderLion
    @TraderLion2 ай бұрын

    📘 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

    @damonk13z

    Ай бұрын

    good stuff!

  • @Tradernotahater
    @Tradernotahater2 ай бұрын

    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

    @TraderLion

    Ай бұрын

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

  • @RichardMoglen
    @RichardMoglen2 ай бұрын

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

  • @michaels-h5539

    @michaels-h5539

    2 ай бұрын

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

  • @RichardMoglen

    @RichardMoglen

    2 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    💯

  • @dm_invest43

    @dm_invest43

    2 ай бұрын

    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

    @dm_invest43

    2 ай бұрын

    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.

  • @joanpinol3253
    @joanpinol32532 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Glad you find them helpful!

  • @PE-TX
    @PE-TX2 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    No doubt!

  • @prettybird8942
    @prettybird89422 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Glad you enjoyed it!

  • @payam5330
    @payam53302 ай бұрын

    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

    @TraderLion

    2 ай бұрын

    Glad you enjoyed it! Thanks

  • @TraderLion
    @TraderLion2 ай бұрын

    🕰 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

  • @stephanielanter4552
    @stephanielanter45522 ай бұрын

    Great content!! Such valuable info from Lee 👍

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Thanks for watching!

  • @mehdikhosh8879
    @mehdikhosh88792 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    awesome to hear!

  • @yuliya2201
    @yuliya22012 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Thanks!

  • @L1amTill
    @L1amTill2 ай бұрын

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

  • @TraderLion

    @TraderLion

    Ай бұрын

    Thank you! We're glad you enjoyed it!

  • @u2b83
    @u2b832 ай бұрын

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

  • @DeafPanthers
    @DeafPanthers2 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Agree!

  • @Pan-Afrikan.Diasporan
    @Pan-Afrikan.Diasporan2 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Thanks for watching!

  • @gamemusicmeltingpot2192
    @gamemusicmeltingpot2192Ай бұрын

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

  • @TraderLion

    @TraderLion

    Ай бұрын

    You're welcome! Thanks for watching!

  • @tdaniel10
    @tdaniel102 ай бұрын

    Great video! Lots of fantastic stuff here

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Glad you enjoyed!

  • @davidbond9783
    @davidbond97832 ай бұрын

    Awesome interview!!!

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Thanks!!

  • @BOS_1982
    @BOS_19822 ай бұрын

    Thanks Richard for providing this top notch educational content 🙏🏼

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Thanks for watching it!

  • @davidbond9783
    @davidbond97832 ай бұрын

    Probably the best interview I have ever heard.

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Awesome!!

  • @lizlemon9632
    @lizlemon96322 ай бұрын

    Realistic presentation. Thank you.

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Glad it was helpful!

  • @spacewalktraveller1
    @spacewalktraveller12 ай бұрын

    Thanks Richard another great interview.

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Glad you enjoyed it!

  • @tradeforcharity
    @tradeforcharity2 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Agree!

  • @tctc100fl
    @tctc100fl2 ай бұрын

    Great guest…..looking forward to watching this

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Hope you enjoy it!

  • @samir383
    @samir3832 ай бұрын

    He makes it look easy. Great interview

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Thanks for watching!

  • @SunilSethi
    @SunilSethi2 ай бұрын

    Excellent Sir!! Great learning. 🙏

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Awesome!

  • @johnadriantrezise912
    @johnadriantrezise9122 ай бұрын

    Truly excellent interview! Thx 🙂

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Glad you enjoyed it!

  • @tonyf5236
    @tonyf52362 ай бұрын

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

  • @SistemAX-21
    @SistemAX-212 ай бұрын

    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

    @TraderLion

    2 ай бұрын

    Thank you!

  • @u2b83
    @u2b832 ай бұрын

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

  • @gf5050

    @gf5050

    2 ай бұрын

    yeah ! it s all thx to this interview!

  • @TraderLion

    @TraderLion

    2 ай бұрын

    lol

  • @wallst4fun1
    @wallst4fun12 ай бұрын

    This guy holds stocks for decades - wow - respect 🙏

  • @TraderLion

    @TraderLion

    2 ай бұрын

    100%

  • @drdontpassone8164
    @drdontpassone81642 ай бұрын

    freakin lee tanner --da man

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Yes definitely 🙌

  • @ps7857
    @ps78572 ай бұрын

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

  • @TraderLion

    @TraderLion

    Ай бұрын

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

  • @ps7857

    @ps7857

    Ай бұрын

    @@TraderLion thanks

  • @d1finance
    @d1finance2 ай бұрын

    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

    @TraderLion

    2 ай бұрын

    💯

  • @williamkreth
    @williamkreth2 ай бұрын

    Good stuff

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Glad you enjoyed

  • @NWilson
    @NWilson2 ай бұрын

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

  • @DeafPanthers

    @DeafPanthers

    2 ай бұрын

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

  • @NWilson

    @NWilson

    2 ай бұрын

    @@DeafPanthers Thanks

  • @NWilson

    @NWilson

    Ай бұрын

    @@DeafPanthers Thanks for the information.

  • @xianlin7831
    @xianlin78312 ай бұрын

    Thank you

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Welcome!

  • @SussyBakaa
    @SussyBakaa2 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    lmao

  • @Dominic-de7yw
    @Dominic-de7yw2 ай бұрын

    Where can I find the MarketSmith Daily Data Screen?

  • @mnestler31

    @mnestler31

    2 ай бұрын

    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.

  • @drdontpassone8164
    @drdontpassone81642 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    He’s awesome!

  • @donvandenbord7671
    @donvandenbord76712 ай бұрын

    ANOTHER HOME RUN RICHARD! THANKS LEE!

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Thanks Don!

  • @_M_D_M_
    @_M_D_M_2 ай бұрын

    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

    @TraderLion

    Ай бұрын

    Great feedback, thanks!

  • @Edward-np4ih
    @Edward-np4ih2 ай бұрын

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

  • @TraderLion

    @TraderLion

    Ай бұрын

    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
    @keithhurtubise36672 ай бұрын

    Home run!😎

  • @TraderLion

    @TraderLion

    2 ай бұрын

    🔥🔥🔥

  • @drdontpassone8164
    @drdontpassone81642 ай бұрын

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

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Thanks!

  • @REPR100
    @REPR1002 ай бұрын

    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

    @mnestler31

    2 ай бұрын

    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

    @TraderLion

    Ай бұрын

    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

    @TraderLion

    Ай бұрын

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

  • @janreichenbach265
    @janreichenbach2652 ай бұрын

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

  • @TraderLion

    @TraderLion

    Ай бұрын

    Not sure!

  • @janreichenbach265

    @janreichenbach265

    Ай бұрын

    @@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.

  • @user-vr5gk6le3q
    @user-vr5gk6le3q2 ай бұрын

  • @TraderLion

    @TraderLion

    Ай бұрын

    💙

  • @marcdeiter1230
    @marcdeiter12302 ай бұрын

    Richard - did you share his email address?

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Hi Marc it's in the description

  • @Kartyman550
    @Kartyman5502 ай бұрын

    Bros got taste wearing grados.

  • @TraderLion

    @TraderLion

    2 ай бұрын

    👀

  • @gf5050
    @gf50502 ай бұрын

    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

    @TraderLion

    2 ай бұрын

    He’s a Position Trader.

  • @mnestler31

    @mnestler31

    2 ай бұрын

    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

    @gf5050

    2 ай бұрын

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

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