Re: [CANSLIM] Stop Loss

From: "Bill S." <wgs@earthlink.net>
Subject: Re: [CANSLIM] Stop Loss
Date: Wed, 10 Sep 1997 20:21:51 -0500

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Db, I look back two trading days and set my Stop Limit at the lowest
price, less 1/16. If its a LLUR type chart, the % varies with the slope.
I've tested some to determine % to compare with WON's recommendations
and my way is a bit tighter in most instances. But then I don't fret if
stopped out. If the stock is solid, $30 will get me back in the hunt, at
a lower price, in most instances. Obviously, you have to be watching the
action when playing with tight stops or you will miss getting back in,
if there is a rebound.

Bill-->>
- --------------------

Dbphoenix@aol.com wrote:
> 
> In a message dated 97-09-10 09:55:38 EDT, you write:
> 
> << I would set the Stop Limit at no more
>  than a couple of days trading range. >>
> 
> This is interesting, Bill.  What exactly do you do with the range?  Set your
> stop at some point below the low of the range?  Use the % range from low to
> high during the period?  Other?
> 
> -----Db

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