RE: [CANSLIM] new edition of htmmis

From: Fanus <fanus13@yahoo.com>
Subject: RE: [CANSLIM] new edition of htmmis
Date: Thu, 13 Dec 2001 19:41:00 -0800 (PST)
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According to Amazon.com, December 15.  ISBN:
0071373616 

- - Fanus



- --- John Adair <xjadair@brightok.net> wrote:
> Can anyone tell me when the new edition of htmmis by
> won will be available
> 
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf
> Of
> camelot.homes@charter.net
> Sent: Wednesday, December 12, 2001 9:52 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] clarification
> 
> eric, but how about the hugh returns that kacher,
> morales, ryan, kuhn have
> gotten in the past using the canslim system. i
> believe in readings WON gets
> a more modest 40% a year-of course i might be wrong
> about that. david
> ----- Original Message -----
> From: "Tangen, Eric" <tangene@tycoelectronics.com>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, December 12, 2001 9:41 PM
> Subject: RE: [CANSLIM] clarification
> 
> 
> > The 40% number is an amalgam of a number of
> anecdotes from a few different
> > sources. Its all word of mouth. No names to given
> protect the guilty.
> >
> > You can almost infer such a number from WON
> himself...I'd bet if you asked
> > the big-O-man in a seminar he'd deflect the
> question to point out how much
> > you are ahead having 1 big gain out of 2-5 trades.
> >
> >
> > ERIC TANGEN
> >
> > -----Original Message-----
> > From: camelot.homes@charter.net
> [mailto:camelot.homes@charter.net]
> > Sent: Wednesday, December 12, 2001 9:16 PM
> > To: canslim@lists.xmission.com
> > Subject: Re: [CANSLIM] clarification
> >
> >
> > eric, how do you get the 40% reliability of the
> WON breakout? david frank
> > ----- Original Message -----
> > From: "Tangen, Eric" <tangene@tycoelectronics.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Wednesday, December 12, 2001 8:57 PM
> > Subject: RE: [CANSLIM] clarification
> >
> >
> > > Of course you are right...risk is the stop value
> itself...it is what you
> > > loose when your stop is triggered. It is what I
> mean but didn't say
> > > correctly.
> > >
> > > This is what happens when I try to communicate
> math verbally...the two
> > don't
> > > mix. :)
> > >
> > > ERIC TANGEN
> > >
> > >
> > >
> > > -----Original Message-----
> > > From: John Adair [mailto:xjadair@brightok.net]
> > > Sent: Wednesday, December 12, 2001 8:48 PM
> > > To: canslim@lists.xmission.com
> > > Subject: RE: [CANSLIM] clarification
> > >
> > >
> > > Hi Erick
> > > If I am reading your post right  correctly you
> would say your risk
> > > on a $50
> > > stock with a $5.00 stop would be  $50.00 -$5.00
> or $45.00. If that is
> what
> > > you are saying  I would not agree I would say
> your risk is $5.00  if I
> > > understand what Tharp suggests. Tharp then
> limits your risk to  the 1%
> is
> > > based on that figure 1% ( 3% for the gunslinger)
> of your total  capitol.
> > > John Adair
> > >
> > > -----Original Message-----
> > > From: owner-canslim@lists.xmission.com
> > > [mailto:owner-canslim@lists.xmission.com]On
> Behalf Of Tangen, Eric
> > > Sent: Wednesday, December 12, 2001 7:19 PM
> > > To: 'canslim@lists.xmission.com'
> > > Subject: RE: [CANSLIM] clarification
> > >
> > > The latter....your risk is your buy price less
> the stop. Rule of thumb:
> > that
> > > number should be 1% or less of your total
> trading capital. So if you
> want
> > in
> > > on a more volatile stock, just buy less of
> it...but don't set the stop
> at
> > > 7-8% if the stock has a 10% daily trading range
> - another point HTMMIS
> > > doesn't address.
> > >
> > > Trading any system with a 7-8% risk for each
> trade is a receipe for
> > > disaster. The pros use a 1% limit. If (as in
> HTMMIS suggest) you split
> up
> > > your capital evenly amoung 5-6 stocks and used
> an arbitrary 7-8% stop
> > loss,
> > > statistically, it would be very easy to get
> enough losing trades to
> loose
> > > all your money. The unspoken 40% reliability of
> the WON breakouts only
> > makes
> > > this bad situation worse.
> > >
> > > I'm afraid that a quick reading of HTMMIS gives
> the impression that if
> you
> > > can identify the perfect C+H setup and all the
> other CANSLIM criteria
> are
> > in
> > > place, you can get darn near 100% reliability of
> a breakout. I have a
> big
> > > problem with that.
> > >
> > > I'm not down on CANSLIM...just like people to
> know the reality of the
> > > situation. Your going for home runs here and
> home run hitters have a lot
> > of
> > > strikeouts.
> > >
> > >
> > > ERIC TANGEN
> > >
> > > -----Original Message-----
> > > From: Katherine Malm
> [mailto:kmalm@earthlink.net]
> > > Sent: Wednesday, December 12, 2001 2:02 PM
> > > To: canslim@lists.xmission.com
> > > Subject: Re: [CANSLIM] clarification
> > >
> > >
> > > >>If you put 7-8% of your trading capital
> > > > at risk on any one trade
> > >
> > > Now that I've been mulling over your comment, it
> begs another question.
> > Are
> > > you suggesting the *total* monies invested in a
> trade are "at risk"? Or
> > the
> > > amount which you've specified in downside
> stop-loss protection as "at
> > > risk."?
> > >
> > > Katherine
> > >
> > >
> > > ----- Original Message -----
> > > From: "Tangen, Eric"
> <tangene@tycoelectronics.com>
> > > To: <canslim@lists.xmission.com>
> > > Sent: Wednesday, December 12, 2001 1:46 PM
> > > Subject: RE: [CANSLIM] clarification
> > >
> > >
> > > > Welcome to the club! Breakouts are a high risk
> and high reward
> > strategy -
> > > if
> > > > you're batting .500, that's pretty darn good.
> You should expect 40%
> > > success
> > > > at finding successful breakouts long-term.
> > > >
> > > > I just have to get this off my chest for the
> new subscribers...WON's
> > 7-8%
> > > > stop below the pivot is a technical stop. It
> is a rule of thumb based
> on
> 
=== message truncated ===


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