Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] canslim-the best system?
Date: Tue, 19 Feb 2002 22:05:29 -0600
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A most excellent point, jans. Jesse Livermore said it even before =
WON...without capital you have nothing to invest. In the end I think =
investing is 80% discipline/psychology, 15% money management and 5% =
system. I also believe the reason why WON harps on post analysis so =
heavily is for that very reason.
Katherine
- ----- Original Message -----=20
From: Spencer48@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, February 19, 2002 9:48 PM
Subject: Re: [CANSLIM] canslim-the best system?
Katherine:
I couldn't agree more. I've read in many places (eg. books on =
stocks,=20
and in market newsletters) that the most IMPORTANT factor in stock =
market=20
success is discipline. I believe this lends itself well to WON's =
dictum to=20
sell if the stock falls 7-8% below the purchase price, and his =
statement to=20
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=20
CONSERVING YOUR CAPITAL is more important to eventual stock market =
prosperity=20
than in knowing what to buy, when to buy it, and when to sell it. =
Because=20
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,=20
kmalm@earthlink.net writes:
<< Smart investing means knowing what to look for, what to avoid, =
having a=20
methodical discipline, and taking action when it is warranted. CANSLIM =
is=20
nothing more than a set of guidelines for a particular discipline. =
There are=20
specific buy rules and specific sell rules. People get into trouble =
when they=20
break some of the guidelines in the discipline and pay attention only =
to=20
those that they "feel" like following at the time >>
-
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-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.
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<DIV>A most excellent point, jans. Jesse Livermore said it even =
before=20
WON...without capital you have nothing to invest. In the end I think =
investing=20
is 80% discipline/psychology, 15% money management and 5% system. I also =
believe=20
the reason why WON harps on post analysis so heavily is for that very=20
reason.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DSpencer48@aol.com=20
href=3D"mailto:Spencer48@aol.com">Spencer48@aol.com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, February 19, =
2002 9:48=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
canslim-the best=20
system?</DIV>
<DIV><BR></DIV>Katherine:<BR><BR> I couldn't =
agree=20
more. I've read in many places (eg. books on stocks, <BR>and in =
market=20
newsletters) that the most IMPORTANT factor in stock market =
<BR>success is=20
discipline. I believe this lends itself well to WON's dictum to =
<BR>sell=20
if the stock falls 7-8% below the purchase price, and his statement to =
<BR>the=20
effect of to never let a gain turn into a=20
loss.<BR><BR> I think that I read once in one =
of IBD's=20
articles or WON's books that <BR>CONSERVING YOUR CAPITAL is more =
important to eventual stock market prosperity <BR>than in knowing what =
to buy,=20
when to buy it, and when to sell it. Because <BR>without the =
capital you=20
can do neither of the three.<BR><BR>jans<BR><BR><BR><BR>In a message =
dated=20
2/19/2002 10:35:30 PM Eastern Standard Time, <BR><A=20
href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>=20
writes:<BR><BR><< Smart investing means knowing what to look =
for, what=20
to avoid, having a <BR>methodical discipline, and taking action when =
it is=20
warranted. CANSLIM is <BR>nothing more than a set of guidelines for a=20
particular discipline. There are <BR>specific buy rules and specific =
sell=20
rules. People get into trouble when they <BR>break some of the =
guidelines in=20
the discipline and pay attention only to <BR>those that they "feel" =
like=20
following at the time >><BR><BR>-<BR>-To subscribe/unsubscribe, =
email=20
"<A =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". =20
Do not use quotes in your email.</BLOCKQUOTE></BODY></HTML>
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- -"unsubscribe canslim". Do not use quotes in your email.
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