Re: [CANSLIM] Know your exit before you enter


From: "Don Canfield" <canfieldd@mindspring.com>
Subject: Re: [CANSLIM] Know your exit before you enter
Date: Tue, 26 Aug 2003 15:24:24 -0400

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>So, am I missing something here?

I don't think so... I think you've made a great statement of how you "know
your exit".

Good for you.

- ----- Original Message ----- 
From: "Tomas" <tomas986@yahoo.com>
To: "canslim canslim" <canslim@lists.xmission.com>
Sent: Tuesday, August 26, 2003 3:15 PM
Subject: [CANSLIM] Know your exit before you enter


> Hi All,
>
> I hear people say this a lot.  They always give advice
> saying that you should know when you will exit a stock
> when you buy the stock.  For me, I do not have that
> mindset.  When I enter into a position, there is the
> usually sell rule that I follow (ie... 7% loss, etc).
> However, I do not make up my mind at the entry point
> to sell at the 20% profit markt.  For me, it all
> depends on the price action (and the obvious market
> condition).  If the stock is behaving well, I do not
> sell it.  If it is not behaving well, I think about
> selling it.  I do not have a specific exit point
> beforehand.  So, am I missing something here?
>
> Reqgards,
> tomas
>
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