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No. of Recommendations: 4
I tried CANSLIM for years and didn't like the fact I was taking 8% losses all the time after I bought on a breakout. It seems lately, a bounce up off the 10 week moving average has a higher chance of making a winning stock trade, and a fall below the 10 week moving average on high volume or staying below the 10 week moving average is a sell signal.

As for track records-I wouldn't put too much emphasis on what some people will say they returned using CANSLIM. You'll always have people saying they have good returns with the system and you will also have people saying they had poor returns. I would just try it for a while and see what happens. I would NOT try to treat the stock market as a get rich quick scheme. I think you'll set yourself up for failure doing that.

Moving averages seem to have more value, to me, than breakouts or breakdowns.
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