Mate, I just want to say that your chanel is the most valueble asset in youtube. Thank you

@FinancialWisdom

2 жыл бұрын

Glad you think so!🙏

Watching this, I'm able to understand it 50/50. Seems like there's always a learning curve but I know that it will be worth it. Better to have and not need, to need and not have.

Looking forward to the CANSLIM part 2 video. You are the best. I’ve been learning a ton from your videos.

@FinancialWisdom

2 жыл бұрын

Great to hear - Thanks👍

eagerly waiting for the 2nd part.. CANSLIM

I've learnt a lot from CANSLIM, however, I don't think that you can generalise a RR from O'Neils charts as those presented are both selective and the result of survivorship bias. In no case are failures emphasised. This is common to most trading books ... Anyway back to RR. The reward part can only be guestimated in advance; it is easy to look at any historic chart that moves from the bottom left to top right, 'see' consolidation patterns, and declare them tradable on a breakout. What you've found subjective is probably the result of this occurring. However, I found the video very useful as I've stared at many of the examples and thought - 'nope, just don't see that'. Consolidation & tight closes (volatility contraction) are useful setups that seem to be associated with sharp moves. A breakout in the direction of prevailing relative strength helps with the correct direction.

@FinancialWisdom

4 жыл бұрын

Hi Andrew - You make some very valid points. Your are right in regard to the survivorship bias, this was the main reason for the Monte Carlo Simulator example to show that you could be out of the game if you hit too many losses aligned to the account risk taken. Of course to determine a strike rate you need to have back tested to get that conclusion, hence as you say it can only be guesstimated. RR is by default subjective due to not knowing the 'true' reward in advance. Glad you found it useful if only to conclude the findings of the book flawed, as did I to some degree.. Thanks for the detailed reply, much appreciated.

@somethingclever1234

2 ай бұрын

learnt?

@HumourMeAgain

2 ай бұрын

@@somethingclever1234 British English

This book is life changing!! Your videos are pure gold. Thanks

@FinancialWisdom

3 жыл бұрын

Glad you like them!👍

@whatsup6264

2 жыл бұрын

🖕It's really nice meeting you here and I'm very willing to teach you about trading,coach you on how to invest and work with you dealing on cryptocurrencie

Thanks for this. Looking forward to watching the CAN SLIM video.

Hello from Brazil. I'm about to buy Peter Brandt's book because of your video on it. Great work, congratulations. 👍👍👍👍👍

@FinancialWisdom

4 жыл бұрын

Great to hear, thanks Andre...

@whatsup6264

2 жыл бұрын

🖕 Thanks for watching For correct signals on best coins to trade on , message directly.

Love your videos!

@FinancialWisdom

2 жыл бұрын

So glad!

This is my first time on this channel, your videos are treasure!

@FinancialWisdom

2 жыл бұрын

Welcome aboard!

I love your videos! Thank you so much!!

@FinancialWisdom

3 жыл бұрын

You are so welcome!

Great summary! Thanks for your value creation. I have a question. What are your top three books you would recommend someone who would like to trade mid and long term in the market? Thanks again.

My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U My Breakout Scanner - bit.ly/3ea6sl8 My Forum - www.financialwisdomTV.com/forum My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing Edgewonk Trade Analysis Software - bit.ly/3xS6S7s Stock Screener & Backtesting - bit.ly/3oO1exN (20% Off Code = FWSDM) Stockopedia - bit.ly/2YIcAIn (25% Discount)

Your videos are so interesting that I always forget to like. Good that you mention to do that at some point and I always like videos after that.

@FinancialWisdom

2 жыл бұрын

Awesome! Thank you!

Great sir

Excellent 👌

Hi, thank you for a nice analysis.. i couldn't find the 2 nd part on canslim talked about at the end..is it made or else do consider a video on it..

Very useful channel indeed❤

@FinancialWisdom

Жыл бұрын

Glad to hear that

Good Video, as obvious. Thank you for your efforts, Sir. Your Intro Music on this Video was so astonishing to me, it just reminded me on the 80's, BloodSport the Movie, The Kickboxer and so many more of those great Films right out of my Childhood. Keep on Going, you created a very beautiful, nice and very informative while still understandable Channel. I really appreciate it. Keep the Good Up, and see you on the other side

@FinancialWisdom

2 жыл бұрын

🙏

well said!

Thank you😊

@FinancialWisdom

4 жыл бұрын

You're welcome 😊

Loving your Videos ..... Bravo...

@FinancialWisdom

2 жыл бұрын

Glad you like them!🙏

Thank you 💐

@FinancialWisdom

2 жыл бұрын

You're welcome 😊

Great 👍

@FinancialWisdom

3 жыл бұрын

Thank you 👍

Very very nice video sir 👌

@FinancialWisdom

3 жыл бұрын

Thanks and welcome🙏

Thanks!

@FinancialWisdom

11 ай бұрын

Thank you so much - Sorry for the late reply! 🙏

Thanks for the video. I believe this trading way not easy to be screened easily. You need to give a hard work to establish a trading plan. Also cup and handle in weekly charts maybe not observed so much but when it is happen it could be effective. Thanks for the work FW!

@FinancialWisdom

2 жыл бұрын

Very true!🙏

@alexanderwells2884

2 жыл бұрын

you probably dont give a damn but does any of you know a tool to log back into an instagram account?? I somehow lost the password. I appreciate any assistance you can offer me

Thank you for giving a rather great summary of the first hundred or so pages, this has incentivized me to continue to read the rest of the book. My first time here and I’m enjoying the channel. Thank you for the hard work!

@FinancialWisdom

3 жыл бұрын

Glad it was helpful!

12:14 Should have entered in June 2003. The MA and nearby range was broken on a greatly increased volume.

If I’m not mistaken, the RR multiples would have been way more. In TASR example buying a BO at approximately $4.4 with 8% stop loss and selling at $108 is a 296RR trade. Only risked 35c for over $103 gain. Love the videos btw

@FinancialWisdom

4 жыл бұрын

Thanks Boris, ill take a look...

@npopovic1000

3 жыл бұрын

That's exactly what I came here to say. For an $800 risk out of a $10000 account you would be buying approx 1142 shares at the buy point of $4.40 and selling at $108 and would rake in a gain of $123,108 not $18,400. Other than that, loved this video and the others I've watched - explains the books really well and very entertaining as well.

@FinancialWisdom

3 жыл бұрын

Thanks Natasha... Yes an oversight it seems, nice to know people are intently watching to pick up these things👍

@pranjayarora8115

3 жыл бұрын

HOW TO USE THIS IN INDIANMKT

You didn't cover the take profit part much at all. It's extremely difficult to sell at the top so you're risk reward figure are inflated and assumes that you sell at the near top everytime

@FinancialWisdom

3 жыл бұрын

Hi Tiny, you are absolutely right, the risk reward figure should only be established retrospectively, although you can estimate it based on the structure of the market i.e an historical resistance line. Personally I use my historical data to confirm long term RR expectations. Apologies if exits were not covered in this video, I try to take out key points that the book offers.👍

@TInyK12

3 жыл бұрын

@@FinancialWisdom Alright mate. Appreciate the video.

So, is bill O'Neill Mark Minervini's teacher. This obviously works but seems very complicated.

Where is the part2?

Great presentation skills

@FinancialWisdom

3 жыл бұрын

Thanks Manikantha👍

@whatsup6264

2 жыл бұрын

🖕It's really nice meeting you here and I'm very willing to teach you about trading,coach you on how to invest and work with you dealing on cryptocurrencie

This channel is underrated. So good book reviews plus statistical analysis.

@FinancialWisdom

3 жыл бұрын

Thanks Tywin🙏👍

Hi, can you make a video of how to screen stocks? As there are many stocks and is there any way we can filter them?

@FinancialWisdom

3 жыл бұрын

hi, i'll see what i can do...

@soumyajeetnag9885

3 жыл бұрын

@@FinancialWisdom Thank you

Thank you for doing this .! Liked and subscribed

@FinancialWisdom

4 жыл бұрын

Thank you!👍

Great video, just started to read the book, any other recommendations on other books?

@FinancialWisdom

2 жыл бұрын

The others on the channel😁

Hello, Can you please provide the link for second part. I could not find it or i missed it not sure

@FinancialWisdom

3 жыл бұрын

Hi, sorry EnergyWind I never actually got around to do the second part, It will be done in the future though👍

@EnergyWind

3 жыл бұрын

@@FinancialWisdom ok sure.. will be waiting :)

As you stated the JDS graph actually shows what looks like “cup n handle” quite a ways Before the one 0’Neil chose. If one had used it they would have made a profit up to the one O’Neil used. Qualcomm is subjective with multiple “cup n handles”. I will pass on ONeil

This is gold

@FinancialWisdom

2 жыл бұрын

Thanks Daniel🙏

@DanielFlores-no9wc

2 жыл бұрын

@@FinancialWisdom no thanks to You all Your content it's SO great

Many thanks Gareth. I've always found the cup and handle pattern rather difficult to spot in real life - maybe because a proper one is quite rare, and also it's more complex than other chart signs, not to mention the element of subjectivity to which you allude. I shall start looking again.

@MatzeDude1

4 жыл бұрын

You should read Mark Minervini - "Trade like a Market Wizard". His VCP concept explains the charakteristic of a correct Cup with handle and where it´s works best. They are not that rare. After the Corona Crash there were dozens that worked and more are building up right now.

@FinancialWisdom

4 жыл бұрын

Thanks again William!

If people are looking for a cup & handle pattern happening live: 12/6/2020 MARA stock cup & handle is very pronounced **MARA is Bitcoin

Please sir make videos for intraday trading strategy. Thank you so much 🙏

@FinancialWisdom

3 жыл бұрын

Hi Kishan ill add something to the list👍

@Patel12356

3 жыл бұрын

Thank you so much

@whatsup6264

2 жыл бұрын

🖕It's really nice meeting you here and I'm very willing to teach you about trading,coach you on how to invest and work with you dealing on cryptocurrencie

Whats the best website or app for charts with the buy volume below??

@FinancialWisdom

3 жыл бұрын

I use my trading broker IG index👍

Does Canslim work in a bear market?

Those cup handle patterns here look super messy - sometimes just a tiny handle, or a small cup handle overall followed by a long, massive rallye that makes the cup handle look tiny and irrelevant. Wondering what the general hit ratio of that pattern is nowadays..

@FinancialWisdom

3 жыл бұрын

Yes it would be interesting, the problem is that there is considerable subjectivity involved an not easy to filter/screen.

I too like to buy the breakout of a stock that I know is going to increase buy 2000%...

@FinancialWisdom

2 жыл бұрын

😀

If tge left side of chart had much higher prices months back as price rises the stock price can hit a ceiling even though coming off cup and handle. I prefer long flat bases of brand new stocks.

I find the cup and handle pattern to be very subjective because I never see it until the lines are drawn to show it.

where can i do the montecarlo analysis?

@FinancialWisdom

2 жыл бұрын

On my spreadsheet - www.financialwisdomtv.com

what kind of charts are used here?? this candles only display a daily high, a daily low and a third type of price???

An entry point is easy to identify but the climax is near impossible to predict.

@FinancialWisdom

Жыл бұрын

Sure, you cant always time them, its ok being late and sacrificing a portion of the move.

❤

DO I HAVE TO PLACE 1 DAY CANDLE OR 1WEEK CANDLE? EG YOU EXPLAIN (5 MIN 24 SECONDS

@FinancialWisdom

3 жыл бұрын

For exiting a position or placing your stop loss we look at the daily candle

@pranjayarora8115

3 жыл бұрын

THANK YOU SIR FOR ANSWERING MY QUERY

Where is part2 video about CANSLIM method?

@FinancialWisdom

3 жыл бұрын

In the future no doubt..

How to identify cup n handle on chart.??

@FinancialWisdom

3 жыл бұрын

Hi, did you watch the video until the end?

I tend to take my profits too early. How does one ride the wave without using trailing stop?

@FinancialWisdom

3 жыл бұрын

Hi Chewie, I suggest an objective stop, either a downside break of (obvious) support or perhaps a closing below a certain moving average, my preference is the crossing of the MACD on the weekly chart. Of course its a trade off between the willingness of losing some profit in the hope you eventually gain more profit (rosk reward).

@chewie1355

3 жыл бұрын

@@FinancialWisdom had a big drop on CRM recently. It’s like cutting your losses or I plan on keeping for the long run and selling calls against it (but yet again, cutting off my upside potential). Great videos. Thanks for sharing and creating valuable summaries of great traders.

@FinancialWisdom

3 жыл бұрын

@@chewie1355 Thanks Chewie, yes its a trade off... the tighter the risk management often the less the reward but less risk, the looser the risk management often more reward but more risk. My approach is hybrid and includes fundamentals as well as technical, therefore i use weekly charts and allow for short term drawdown but with greater reward.

Until the bar is closed Its not possible to know the enter point. The stop loss is 2x than in the video.

is the Part 2 the one referring to his disciples?

how to determine target price

@FinancialWisdom

3 жыл бұрын

Personally i dont use a target price, I look for a change in momentum, a target price IMO stunts risk/reward and this is the foundation of a great strategy.😉

how many stars do you give to the book?

@FinancialWisdom

3 жыл бұрын

I would probably go 4, its a great book to learn a specific strategy. I have stopped rating them because I could 'apparently' be liable for not scoring books accurately.....🤐

How to detect stocks which will going to up ?

@FinancialWisdom

3 жыл бұрын

Digest the videos and i'm sure you will gain the knowledge you need😉

@chris20100469

3 жыл бұрын

@@FinancialWisdom I digest the videos but all people who use this system don't tell about which are the screener associated. It's like if you sell a car without the keys.

@alexanderinsubordinate1861

2 жыл бұрын

Because Buffet

*Le chart : moves in random fkn direction William O'neil : is this cup and handle pattern

@FinancialWisdom

Жыл бұрын

I believe in randomness. But you can shift the probabilities in your favour.

@thesoup_is_dry1358

Жыл бұрын

@@FinancialWisdom yeah man :).. i liked all your videos ☺️

0:53 Statsitics? What are Statsitics?

@FinancialWisdom

3 жыл бұрын

Lol

I’m confused on your rewards to risk numbers… you keep saying $800 risk for a $24,000 (yahoo example) return. But if the stock returned a 32x on $10k that would be $320,000… what is the $24,000 figure?

How does anyone know the reward? In nine eight sure....but when putting on the trade who know how high it will go?

@philschack9937

Жыл бұрын

In hindsight sure

@FinancialWisdom

Жыл бұрын

Hi Phil. Either solid back testing or in my situation years of historical results providing and 'average' reward.

12:55

@FinancialWisdom

3 жыл бұрын

thanks

seems like a horrible book but I liked the video cuz your videos are great! Thank you

@FinancialWisdom

3 жыл бұрын

Thanks for watching!

Why that little cartoon dude hate breakouts 😂

If I could give some feedback. I prefer to hear the content of the guys book rather than your opinion if it's useful or not no offence. Have a listen to the Swedish investors take on investing books

@FinancialWisdom

2 жыл бұрын

Fair comment, although they are my videos and I like to give my opinion, no offence :-)

@mofojohnson1

2 жыл бұрын

@@FinancialWisdom non taken, but if the person's results are better than should you be 😉

Isnt here a Log chart? Take the chart from 5:30 . Entry at 7. SL at 6. Price went up to 125. This isnt a 1 : 16 RR. This is way more....

You londoner?

@FinancialWisdom

2 жыл бұрын

Originally

1000% is X11, not X10.

Some of your content is excellent, but basing a RoR based on the assumption you “sell at the top” should raise serious eyebrows. At least base it on some kind of market structure change

@FinancialWisdom

2 жыл бұрын

Hi - This is purely theoretical for simplification, you are right real life would need specific rationale. But of course we do not know this in advance therefore we are always using assumptions, when we are at the far right of the chart everything is an assumption.

I don't think any of the analysis made sense, let alone the fact that how one would have picked such stocks. You can look at any correction and say it's a cup and handle. I hope the book would contain more info.

My p0rtfolio is plummeting significantly, I’ve lost about $320k within a few months and I'm not confident about picking st0cks anymore. Are there really no other options for me to gain from the stock market?

@AUstinnesc

8 ай бұрын

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

@sheltonPston

8 ай бұрын

Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.

@corrySledd

8 ай бұрын

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@sheltonPston

8 ай бұрын

There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

@corrySledd

8 ай бұрын

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

R:R calculation is false. on invested 10000$ x 630% = 63000$ , stop 800$ so R:R is = Net profit (63000$) / Risk taken ( 800$ ) = 78.75 R. there's no point that on 10000$ investment stock moves 630% and profit is 15200$ .

@mihirsony5583

Ай бұрын

Other than that great summary !

This content is filled with groundbreaking revelations. I discovered a book with like themes that transformed my outlook. "Mastering Money Mindfulness" by Benjamin Hawk

Can anyone recommend a site to search for cup & handle patterns? I use Finviz now for searches but they don't have the cup & handle pattern

the initial 8 % stop loss wouldnt be enough to have such huge returns, because that's concludes that you sell at the top