Hi Josh/MS
This is a short thank you for starting me out on my first year of investing.
I have two accounts; one ended my first year up around 20% and the other down around 20%. Both were the same size so I’m flat for the year.
The one down 20% I traded options on. Despite your warnings, I kept doing it until it became obvious I couldn’t make money that way (I’m just glad I stopped before I wasted the account). I remember ignoring your warnings and thinking I was good enough for them not to apply. Needless to say, I’ve learnt that lesson the hard way.
At the point where I finally stopped trading options, the account was down almost 50%. Since then, using a fairly strict version of the CANSLIM formula, I brought it back to only 20% down.
I feel like I have a decent understanding of how CANSLIM works in practice now. I’ve still got a long way to go though.
Thank you Josh, for running this site in the first place, and MS for all the day to day work you do (and for answering my hundreds of beginner questions). My only regret is that I didn’t listen to you guys in the first place (and that the fed keeps printing).
I look forward to next year.
Thanks guys.
Mike
