From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3396 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, July 1 2003 Volume 02 : Number 3396 In this issue: Re: -RE: [CANSLIM] Need some help in selling Re: -RE: [CANSLIM] Need some help in selling Re: -RE: [CANSLIM] Need some help in selling Re: -RE: [CANSLIM] Need some help in selling Re: -RE: [CANSLIM] Need some help in selling Re: [CANSLIM] Need some help in selling RE: -RE: [CANSLIM] Need some help in selling ---------------------------------------------------------------------- Date: Tue, 1 Jul 2003 09:36:53 -0700 (PDT) From: Top Secret Subject: Re: -RE: [CANSLIM] Need some help in selling - --0-866214044-1057077413=:33094 Content-Type: text/plain; charset=us-ascii Hmmmm, I tried changing my name in the profile, guess it didn't work. So don't think the last message was sarcastic. Top Secret wrote:Hopefully this is more acceptable. Katherine Malm wrote: Welcome to the group Top Secret and glad to have you on board. We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN. Here is a link to our FAQ so that you can become familiar with our list-centric jargon: http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser) Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret Sent: Tuesday, July 01, 2003 10:00 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Need some help in selling Here is what I think. Before you Buy anything 1. Have a buy price 2. Have a stop price 3. Have a sell price. I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off. You are working on a set of rules which you adhere to so you are making progress. I just joined the group yesterday and I look forward to hearing everyone's opinion. - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --0-866214044-1057077413=:33094 Content-Type: text/html; charset=us-ascii
Hmmmm, I tried changing my name in the profile, guess it didn't work. So don't think the last message was sarcastic.

Top Secret <starcast82@yahoo.com> wrote:
Hopefully this is more acceptable.

Katherine Malm <kmalm@earthlink.net> wrote:
Welcome to the group Top Secret and glad to have you on board.
 
We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN.
 
Here is a link to our FAQ so that you can become familiar with our list-centric jargon:
 
http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or

 http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser)

 

Katherine

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret
Sent: Tuesday, July 01, 2003 10:00 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Need some help in selling

Here is what I think.
 
Before you Buy anything
 
1. Have a buy price
2. Have a stop price
3. Have a sell price.
 
I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off.
 
You are working on a set of rules which you adhere to so you are making progress.
 
I just joined the group yesterday and I look forward to hearing everyone's opinion. 


Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month!


Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month! - --0-866214044-1057077413=:33094-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 1 Jul 2003 09:46:25 -0700 (PDT) From: Bob Johnson Subject: Re: -RE: [CANSLIM] Need some help in selling - --0-109293128-1057077985=:35778 Content-Type: text/plain; charset=us-ascii Okay, I think I have it this time. Hopefully the name is changed and within the rules. Look forward to hearing from everyone in the group. Katherine Malm wrote: Welcome to the group Top Secret and glad to have you on board. We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN. Here is a link to our FAQ so that you can become familiar with our list-centric jargon: http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser) Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret Sent: Tuesday, July 01, 2003 10:00 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Need some help in selling Here is what I think. Before you Buy anything 1. Have a buy price 2. Have a stop price 3. Have a sell price. I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off. You are working on a set of rules which you adhere to so you are making progress. I just joined the group yesterday and I look forward to hearing everyone's opinion. - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --0-109293128-1057077985=:35778 Content-Type: text/html; charset=us-ascii
Okay, I think I have it this time. Hopefully the name is changed and within the rules.
 
Look forward to hearing from everyone in the group.


Katherine Malm <kmalm@earthlink.net> wrote:
Welcome to the group Top Secret and glad to have you on board.
 
We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN.
 
Here is a link to our FAQ so that you can become familiar with our list-centric jargon:
 
http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or

 http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser)

 

Katherine

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret
Sent: Tuesday, July 01, 2003 10:00 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Need some help in selling

Here is what I think.
 
Before you Buy anything
 
1. Have a buy price
2. Have a stop price
3. Have a sell price.
 
I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off.
 
You are working on a set of rules which you adhere to so you are making progress.
 
I just joined the group yesterday and I look forward to hearing everyone's opinion. 


Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month! - --0-109293128-1057077985=:35778-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 1 Jul 2003 09:46:43 -0700 (PDT) From: Bob Johnson Subject: Re: -RE: [CANSLIM] Need some help in selling - --0-1918548282-1057078003=:40069 Content-Type: text/plain; charset=us-ascii Okay, I think I have it this time. Hopefully the name is changed and within the rules. Look forward to hearing from everyone in the group. Katherine Malm wrote: Welcome to the group Top Secret and glad to have you on board. We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN. Here is a link to our FAQ so that you can become familiar with our list-centric jargon: http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser) Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret Sent: Tuesday, July 01, 2003 10:00 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Need some help in selling Here is what I think. Before you Buy anything 1. Have a buy price 2. Have a stop price 3. Have a sell price. I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off. You are working on a set of rules which you adhere to so you are making progress. I just joined the group yesterday and I look forward to hearing everyone's opinion. - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --0-1918548282-1057078003=:40069 Content-Type: text/html; charset=us-ascii
Okay, I think I have it this time. Hopefully the name is changed and within the rules.
 
Look forward to hearing from everyone in the group.


Katherine Malm <kmalm@earthlink.net> wrote:
Welcome to the group Top Secret and glad to have you on board.
 
We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN.
 
Here is a link to our FAQ so that you can become familiar with our list-centric jargon:
 
http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or

 http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser)

 

Katherine

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret
Sent: Tuesday, July 01, 2003 10:00 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Need some help in selling

Here is what I think.
 
Before you Buy anything
 
1. Have a buy price
2. Have a stop price
3. Have a sell price.
 
I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off.
 
You are working on a set of rules which you adhere to so you are making progress.
 
I just joined the group yesterday and I look forward to hearing everyone's opinion. 


Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month! - --0-1918548282-1057078003=:40069-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 1 Jul 2003 09:46:39 -0700 (PDT) From: Bob Johnson Subject: Re: -RE: [CANSLIM] Need some help in selling - --0-1398460393-1057077999=:40432 Content-Type: text/plain; charset=us-ascii Okay, I think I have it this time. Hopefully the name is changed and within the rules. Look forward to hearing from everyone in the group. Katherine Malm wrote: Welcome to the group Top Secret and glad to have you on board. We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN. Here is a link to our FAQ so that you can become familiar with our list-centric jargon: http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser) Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret Sent: Tuesday, July 01, 2003 10:00 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Need some help in selling Here is what I think. Before you Buy anything 1. Have a buy price 2. Have a stop price 3. Have a sell price. I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off. You are working on a set of rules which you adhere to so you are making progress. I just joined the group yesterday and I look forward to hearing everyone's opinion. - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --0-1398460393-1057077999=:40432 Content-Type: text/html; charset=us-ascii
Okay, I think I have it this time. Hopefully the name is changed and within the rules.
 
Look forward to hearing from everyone in the group.


Katherine Malm <kmalm@earthlink.net> wrote:
Welcome to the group Top Secret and glad to have you on board.
 
We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN.
 
Here is a link to our FAQ so that you can become familiar with our list-centric jargon:
 
http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or

 http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser)

 

Katherine

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret
Sent: Tuesday, July 01, 2003 10:00 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Need some help in selling

Here is what I think.
 
Before you Buy anything
 
1. Have a buy price
2. Have a stop price
3. Have a sell price.
 
I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off.
 
You are working on a set of rules which you adhere to so you are making progress.
 
I just joined the group yesterday and I look forward to hearing everyone's opinion. 


Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month! - --0-1398460393-1057077999=:40432-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 1 Jul 2003 09:46:28 -0700 (PDT) From: Bob Johnson Subject: Re: -RE: [CANSLIM] Need some help in selling - --0-1610919626-1057077988=:35895 Content-Type: text/plain; charset=us-ascii Okay, I think I have it this time. Hopefully the name is changed and within the rules. Look forward to hearing from everyone in the group. Katherine Malm wrote: Welcome to the group Top Secret and glad to have you on board. We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN. Here is a link to our FAQ so that you can become familiar with our list-centric jargon: http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser) Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret Sent: Tuesday, July 01, 2003 10:00 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Need some help in selling Here is what I think. Before you Buy anything 1. Have a buy price 2. Have a stop price 3. Have a sell price. I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off. You are working on a set of rules which you adhere to so you are making progress. I just joined the group yesterday and I look forward to hearing everyone's opinion. - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --0-1610919626-1057077988=:35895 Content-Type: text/html; charset=us-ascii
Okay, I think I have it this time. Hopefully the name is changed and within the rules.
 
Look forward to hearing from everyone in the group.


Katherine Malm <kmalm@earthlink.net> wrote:
Welcome to the group Top Secret and glad to have you on board.
 
We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN.
 
Here is a link to our FAQ so that you can become familiar with our list-centric jargon:
 
http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or

 http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser)

 

Katherine

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret
Sent: Tuesday, July 01, 2003 10:00 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Need some help in selling

Here is what I think.
 
Before you Buy anything
 
1. Have a buy price
2. Have a stop price
3. Have a sell price.
 
I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off.
 
You are working on a set of rules which you adhere to so you are making progress.
 
I just joined the group yesterday and I look forward to hearing everyone's opinion. 


Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month! - --0-1610919626-1057077988=:35895-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 1 Jul 2003 10:18:15 -0700 (PDT) From: Fanus Subject: Re: [CANSLIM] Need some help in selling Pritish If you (re)read HTMMIS, you will see that there are plenty more sell rules than the ones you are listing here. So, yes, you are missing more sell rules. Like Bob said, you really should decid before you buy what your strategy with regard to stops is going to be. 27 stocks in 45 days sound like a lot to me. Maybe you should take a break, sit down and evaluate your buys and write down a clear strategy for entering and exiting before taking on any new positions? - - Fanus - --- Pritish Shah wrote: > > Here is my problem, > > I definately know when to buy, I do not know when to > sell except for one rule -- 7% to 8% loss. And you > guessed it -- I seem to be selling most of my stocks > at that point. Currently, I am at breakeven even > though I bought most stocks that were good. > > So I am trying to revisit all the sell rules. Can we > compile a list > > 1) Sell when you hit 7% to 8% loss > 2) Sell when you hit 20% profit > but do not sell if 20% within one month > 3) Sell when the stock moves out of trendline > 4) Sell when the stock falls below 50dma on heavy > volume > > So am I missing any more sell rules? > > Here is my situation: > > Over the last 45 days, I have bought 27 stocks. I > have sold 21 for a loss and 3 for 20%+ profit and > have held on to other 3 for 20% profit. > > Basically, to make profit, I have to sell more than > one-third at a 21-24% profit and sell two-thirds at > 7-8% loss. > > So give me suggestions... What should I be doing? > How can I make profit? > > Thanks, > Pritish > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 1 Jul 2003 13:08:15 -0500 From: "Kelly Short" Subject: RE: -RE: [CANSLIM] Need some help in selling This is a multi-part message in MIME format. - ------_=_NextPart_001_01C33FFB.BDF249AB Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Bob, =20 Welcome to the group. If you have any questions regarding usage, = accessing the archives, or anything regarding CANSLIM/WON this group is = amazingly responsive. It has been a tremendous learning tool for me over = the past year! =20 Welcome! =20 Kelly - -----Original Message----- From: Bob Johnson [mailto:starcast82@yahoo.com] Sent: Tuesday, July 01, 2003 11:46 AM To: canslim@lists.xmission.com Subject: Re: -RE: [CANSLIM] Need some help in selling Okay, I think I have it this time. Hopefully the name is changed and = within the rules. =20 Look forward to hearing from everyone in the group. Katherine Malm wrote: Welcome to the group Top Secret and glad to have you on board. =20 We ask that as a courtesy to our members that you use your real name, = though first names are acceptable if you prefer. This creates a sense of = community unlike the more anonymous boards at Yahoo and MSN. =20 Here is a link to our FAQ so that you can become familiar with our = list-centric jargon: =20 = http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows = Document) or=20 = http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for = those who are having trouble displaying the document within their = browser) =20 Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret Sent: Tuesday, July 01, 2003 10:00 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Need some help in selling Here is what I think. =20 Before you Buy anything =20 1. Have a buy price 2. Have a stop price 3. Have a sell price. =20 I base my prices on what the chart says. I don't use percent points = although that may work for you. I use trailing stops on the way up. Why = sell if it has a 20% profit it may have more on the way. Trailing stop = will let your profits run and make the sell decision for you. If the = stock hits your objective sell price you may sell half and lock in the = profit and hold the other half to see what happens. Best strategy I've = heard for years and never really dawned on me till lately " Let your = profits run, cut your losses short" Following that strategy you only = have to be right 50% of the time to be a successful trader. Takes some = of the pressure off. =20 You are working on a set of rules which you adhere to so you are making = progress. =20 I just joined the group yesterday and I look forward to hearing = everyone's opinion.=20 _____ =20 Do you Yahoo!? SBC = Yahoo! DSL - Now only $29.95 per month! - ------_=_NextPart_001_01C33FFB.BDF249AB Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Bob,
 
Welcome to the group. If you have any questions regarding = usage,=20 accessing the archives, or anything regarding CANSLIM/WON this group is=20 amazingly responsive. It has been a tremendous learning tool for me over = the=20 past year!
 
Welcome!
 
Kelly
-----Original Message-----
From: Bob Johnson=20 [mailto:starcast82@yahoo.com]
Sent: Tuesday, July 01, 2003 = 11:46=20 AM
To: canslim@lists.xmission.com
Subject: Re: = - -RE:=20 [CANSLIM] Need some help in selling

Okay, I think I have it this time. Hopefully the name is changed = and=20 within the rules.
 
Look forward to hearing from everyone in the group.


Katherine Malm <kmalm@earthlink.net>=20 wrote:
Welcome to the group Top = Secret and glad=20 to have you on board.
 
We ask that as a courtesy to = our members=20 that you use your real name, though first names are acceptable if = you=20 prefer. This creates a sense of community unlike the more anonymous = boards=20 at Yahoo and MSN.
 
Here is a link to our FAQ so = that you=20 can become familiar with our list-centric jargon:
 
http://Wall= Street-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or=20

 http://Wall= Street-LLC.com/canslim/CANSLIMFAQ.zip=20 (zipped version for those who are having trouble displaying the = document=20 within their browser)

 

Katherine

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top=20 Secret
Sent: Tuesday, July 01, 2003 10:00 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Need = some help=20 in selling

Here is what I think.
 
Before you Buy anything
 
1. Have a buy price
2. Have a stop price
3. Have a sell price.
 
I base my prices on what the chart says. I don't use percent = points=20 although that may work for you. I use trailing stops on the way = up. Why=20 sell if it has a 20% profit it may have more on the way. Trailing = stop=20 will let your profits run and make the sell decision for you. If = the stock=20 hits your objective sell price you may sell half and lock in the = profit=20 and hold the other half to see what happens. Best strategy I've = heard for=20 years and never really dawned on me till lately " Let your profits = run,=20 cut your losses short" Following that strategy you only have to be = right=20 50% of the time to be a successful trader. Takes some of the = pressure=20 off.
 
You are working on a set of rules which you adhere to so you = are=20 making progress.
 
I just joined the group yesterday and I look forward to = hearing=20 everyone's opinion. 


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