[Texasmgax]

TexasmgaxHey Folks,

Brand new here and (and pretty new to Wyckoff) had a question about fundamentals. I've been a CANSLIM investor for years, which as Im sure you know takes into account a decent amount of fundamentals.

Here, I don't see too much discussion around them. 

Does Wyckoff technique ignore them for the most part and focus solely on TA?

Thank YOu


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Welcome! 

I'm new to Wyckoff myself and would recommend the book by Pruden as a solid introduction: 

https://www.amazon.com/gp/product/047005...UTF8&psc=1

There are good examples and a lot of detail about the characteristics of each phase. It's true that 2/3 of the book is NOT about Wyckoff but other topics related to trading, so if all you wanted was the Wyckoff information, that's perhaps an expensive way to get it. But having read the whole book once now (and probably still need to go back and re-read the Wyckoff sections another 2 times before I've really internalized it) I personally deem that to have been a very worthwhile investment of funds and effort. 

If you're coming from CANSLIM, and have not read Stan's book, I'd say that's definitely worth a read too. 

https://www.amazon.com/Stan-Weinsteins-S...273&sr=1-3

Stan's book for me was a much easier read than Pruden's and if you hadn't read either one, I'd start with Stan's book.  I read Stan's book back in 2009 or so, and for me that was a very refreshing perspective I had not heard before, and was the first step in my long journey of eventually divorcing myself from fundamental considerations altogether in my investing. I don't think one HAS to ignore fundamental to practice Stan's method, but for me personally I've never looked back. I'm sure plenty of people are successful with CANSLIM and I still do check in on the Leaderboard from time to time to see what they have to say - more info never hurts.  For me though back (like 20 years ago) when I was mainlining  CANSLIM I couldn't shake the feeling that I was very frequently the last one to arrive at the party on many really great stocks. 

Anyway - welcome to the group! Hope some of that is helpful. 

-Charlie

Thank You Charlie,

I have read Weinstein's book just recently, I'm sure I'll go back to it another couple of times. I'm at a stage where IM sort of blending the two (still applying some CANSLIM characteristics to stage 1/2 patterns.)

Thank you for the other book recommendation.