Re: [CANSLIM] canslim-the best system?

From: Spencer48@aol.com
Subject: Re: [CANSLIM] canslim-the best system?
Date: Tue, 19 Feb 2002 22:48:48 EST

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Katherine:

     I couldn't agree more.  I've read in many places (eg. books on stocks, 
and in market newsletters) that the most IMPORTANT factor in stock market 
success is discipline.  I believe this lends itself well to WON's dictum to 
sell if the stock falls 7-8% below the purchase price, and his statement to 
the effect of to never let a gain turn into a loss.

     I think that I read once in one of IBD's articles or WON's  books that 
CONSERVING YOUR CAPITAL is more important to eventual stock market prosperity 
than in knowing what to buy, when to buy it, and when to sell it.  Because 
without the capital you can do neither of the three.

jans



In a message dated 2/19/2002 10:35:30 PM Eastern Standard Time, 
kmalm@earthlink.net writes:

<< Smart investing means knowing what to look for, what to avoid, having a 
methodical discipline, and taking action when it is warranted. CANSLIM is 
nothing more than a set of guidelines for a particular discipline. There are 
specific buy rules and specific sell rules. People get into trouble when they 
break some of the guidelines in the discipline and pay attention only to 
those that they "feel" like following at the time >>

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