PERFECT BULL MARKET INDICATOR? CANSLIM Follow Through Day

PERFECT BULL MARKET INDICATOR? CANSLIM Follow Through Day - Professional Trader's Perspective

Рет қаралды 5,867

Күн бұрын

The CANSLIM follow-through day is a key concept in the CANSLIM investing methodology. It is a day when the S&P 500 or Nasdaq Composite gains at least 1% on higher volume than the previous day, at least four days after a market bottom.
Many investors believe that the follow-through day is a signal that a new uptrend is underway. However, there is also some debate about the effectiveness of the follow-through day as a market timing tool.
In this video, Matt discusses the truth and hype of the CANSLIM follow-through day concept. He examines the historical performance of the market after follow-through days, and the pros and cons of using the follow-through day to make investment decisions.
Whether you are a beginner investor or a seasoned pro, this video will give you a deeper understanding of the CANSLIM follow-through day concept and its potential impact on your investment returns.
What do you think about the CANSLIM follow-through day concept? Do you think it is a reliable market timing tool? Share your thoughts in the comments below!
#Canslim #FollowThroughDay #Trading #tradingeducation #tradinginsights #CarusoInsights
Related Resources:
Lowry Research Charles H. Dow Award: docs.cmtassociation.org/docs/...
Website: www.carusoinsights.com
Sign up to our Caruso Insights Newsletter: bit.ly/caruso-insights-yt-signup
TIMESTAMPS:
00:00 Introduction
01:15 - What is a Follow Through Day
02:56 - January 2023 Chart
04:50 - Follow Through Day Rules
07:31 - Purpose of Follow Through Day Tool
08:48 - William O'Neil Quote
10:56 - Examples
14:50 - Scott O'Neil Story Ebay Trade

Пікірлер: 59

@rafaelZzz21 9 ай бұрын

personally I had difficulties with the FTD because Bill didn't tell us specifics for position sizing/riskmgmt. Like for every follow through day, he didn't specifically tell us how many stocks we should be buying or how much of our capital should we be risking. This is why I love that guys like you are here to explain how you have personally used Bill's Concepts. I myself have been following Jim Roppel's rule of only risking 0.5% of my capital for every Follow thru day and I am comfortable with this amount of risk. U have to find how much risk makes sense ( that u can still make good enough money when ure right), and how much risk u are personally willing to take on a FTD! (if it doesnt work out!)

@carusoinsights 9 ай бұрын

You're completely right. He provided an incredible amount of info, but it still requires more tools...

@klazarov 9 ай бұрын

Another great video thanks for taking the time to share it with us, Matt!

@carusoinsights 9 ай бұрын

My pleasure!

@justinmecklenburg9230 9 ай бұрын

My perception of the FTD...it keeps you honest and true to your discipline. They don't all work...but the rules require you to put $$ to work at a time when it certainly does not feel like it. Must maintain a solid sell discipline, but overall following the rules of a FTD will increase your chances of success. Great video Matt!

@carusoinsights 9 ай бұрын

Absolutely right. You nailed it

@Steveocork 9 ай бұрын

Great video and timely , thanks Matt for sharing , I need to go back and cross check those previous FTD,s with market breadth data and see if there is a way to find positive correlation for successful days only.

@rosskennedy8356 8 ай бұрын

Great video Matt

@hppeng 8 ай бұрын

I have realized that no signal is fool proof as the hit rate is always 40% ish. It is a combination of risk management and discipline that make the difference. Thanks for making this clip.

@figgy163 9 ай бұрын

Excellent timing to demonstrate the options of the FTD. Thanks for your wisdom Matt.👍

@carusoinsights 8 ай бұрын

My pleasure!

@andrewmichel9693 8 ай бұрын

This is very timely advise, seeing last friday, and todays nice uptrend! I really appreciate you sharing your decades of experience and know how with us less experienced traders. Thanks again!

@carusoinsights 8 ай бұрын

My pleasure!

@mehrdadmithra9591 9 ай бұрын

Appreciate your effort , I've had some difficulties to fully finding FTD , many examples you give is veery useful for me to try again. Thank you.

@carusoinsights 8 ай бұрын

Glad to hear that!

@braxtonfurstein6877 9 ай бұрын

Awesome video Matt. I agree with your perspective of the FTD and think it must be put into context just like any other tool.

@carusoinsights 8 ай бұрын

Right on!

@user-mo1fo2nk6x 9 ай бұрын

HI Matt, Thank you for another great video and all your expertise on how to think like a pro.

@carusoinsights 9 ай бұрын

I appreciate that!

@hamidali-sf5ju 9 ай бұрын

Thanks Matt! All of your videos are gold.

@carusoinsights 9 ай бұрын

Thank you! Very kind of you...

@kylepalacios2080 9 ай бұрын

Great video! Thanks!

@carusoinsights 9 ай бұрын

Glad you liked it!

@alexandrecordeiro7549 9 ай бұрын

that's a great video, thank you very much!

@carusoinsights 8 ай бұрын

Glad you liked it!

@edge0785 9 ай бұрын

Wow, a master trader and teacher!

@carusoinsights 9 ай бұрын

Thanks! 😃

@aawebmanagment 9 ай бұрын

Thanks!

@pkpatel7211 9 ай бұрын

Thanks Matt. I'm a new trader. I've yet to use the FTD as a tool but I got my eyes peeled for the next FTD. This video clarifies it even more. 🔥🔥🔥

@carusoinsights 9 ай бұрын

It's a great tool, always pay attention to it

@nomindnow 9 ай бұрын

very very good indeed, thank's Matt! Even for a not native listener / speaker not a moment lost in translation.

@carusoinsights 8 ай бұрын

Great to hear!

@benw3736 9 ай бұрын

Great video, Matt. And I have a question about the FTD concept that has been bugging me for a while: somewhere on the IBD website I read about that a FTD signal could be negated if a Distribution day follows close to it , or that the low of the FTD day was taken out subsequently. This make sense to me but my question is, what then? Do we start the count from day 1 again? Or we just wait for another FTD day signal? That is, FTD day negated but the low of the 1st rally day holds. Appreciate if anyone can shed some light!

@carusoinsights 8 ай бұрын

I personally just look for another FTD if the actual low was never broken

@sameernatu8745 9 ай бұрын

Hi Matt, Great video and thanks for your time. Can you please mention how many failed FTD we had when NASDAQ dropped ~78% from 2000 to 2002. Thanks again.

@carusoinsights 9 ай бұрын

Let me take a look...

@leonjackson4762 9 ай бұрын

Love you videos Matt!! Can I ask, how do you get volume on your IXIC charts?

@carusoinsights 8 ай бұрын

The data is there as a symbol and I had to create an indicator to display it. I'll see if I can get that published for you...

@leonjackson4762 8 ай бұрын

That would be incredible, thank you@@carusoinsights

@YourStockBuddy786 9 ай бұрын

million dollar knowledge

@MichaelPetras 9 ай бұрын

Thanks Matt for sharing your market wisdom and experience with us. You've helped me manage my emotions during this recent dreadful market. I'm patiently waiting for the next raging bull market instead of constantly trading when the risks are simply too great.

@carusoinsights 8 ай бұрын

I love to hear that. You are miles ahead of most!

@indranilsom3929 9 ай бұрын

Most of the retail traders and investors enter at the peak of bull markets seeing the 200,300% returns. And that 2002 NDX fall of 78%, man that was brutal. The strategy of WON failing on the lower lows of a bear market and still sticking to it shows the mindset of exceptional trader.

@carusoinsights 9 ай бұрын

Bill was a legend

@PP080PP 9 ай бұрын

FTD off course , but Caruso breathe indicator at least that important for me personally!

@carusoinsights 8 ай бұрын

Same here...

@user-ej4cs5yk3s 7 ай бұрын

Hi. Does it apply for bear market too? Like in a mirror?

@carusoinsights 7 ай бұрын

No, bears are different....

@user-eo8to1xo2e 9 ай бұрын

Gil said follow through is useless

@rafaelZzz21 9 ай бұрын

Lol Gil is A Joke.

@user-eo8to1xo2e 9 ай бұрын

@@rafaelZzz21 maybe not

@carusoinsights 9 ай бұрын

Many traders think many things are a joke. I try to be objective about things. This video describes how I approach it, and it brings value to my process. I don't view it as an all-in indicator

@davidr6914 9 ай бұрын

@@rafaelZzz21Yes, he is.

@victortoombs4754 9 ай бұрын

Gil also has a lot of hatred for everything IBD related, so keep that in mind. He didn't leave the company on good terms.