Go to Jeff Salisbury LWGate Home Page.From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] canslim-the best system?
Date: Tue, 19 Feb 2002 22:17:26 -0800
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And to add my personal 2 cents to the discussion:
The 80% discipline/psychology boils down to:
1. The fantastic 'almost cannot lose' opportunities are really quite obvious.
2. The fantastic 'almost cannot lose' opportunities do not come along very often.
3. Preserving capital in-between the fantastic 'almost cannot lose' opportunities is extremely hard. It requires Herculean patience.
4. Pulling the trigger in a significant way when the fantastic 'almost cannot lose' opportunities present themselves can be extremely difficult, particularly if one has not succeeded with '#3'.
Ian
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
Sent: Tuesday, February 19, 2002 8:05 PM
Subject: Re: [CANSLIM] canslim-the best system?
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 -----
From: Spencer48@aol.com
To: canslim@lists.xmission.com
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,
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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-In the email body, write "subscribe canslim" or
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<DIV><FONT size=2>And to add my personal 2 cents to the discussion:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>The 80% discipline/psychology boils down to:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>1. The fantastic 'almost cannot lose' opportunities are really
quite obvious.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>2. The fantastic 'almost cannot lose' opportunities do not
come along very often.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>3. Preserving capital in-between the fantastic 'almost cannot
lose' opportunities is extremely hard. It requires Herculean
patience.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>4. Pulling the trigger in a significant way when the fantastic
'almost cannot lose' opportunities present themselves can be extremely
difficult, particularly if one has not succeeded with '#3'.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Ian</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:kmalm@earthlink.net" title=kmalm@earthlink.net>Katherine
Malm</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:canslim@lists.xmission.com"
title=canslim@lists.xmission.com>canslim@lists.xmission.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, February 19, 2002 8:05
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] canslim-the best
system?</DIV>
<DIV><BR></DIV>
<DIV>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.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:Spencer48@aol.com"
title=Spencer48@aol.com>Spencer48@aol.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:canslim@lists.xmission.com"
title=canslim@lists.xmission.com>canslim@lists.xmission.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, February 19, 2002 9:48
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] canslim-the best
system?</DIV>
<DIV><BR></DIV>Katherine:<BR><BR> I couldn't agree
more. I've read in many places (eg. books on stocks, <BR>and in market
newsletters) that the most IMPORTANT factor in stock market <BR>success is
discipline. I believe this lends itself well to WON's dictum to
<BR>sell if the stock falls 7-8% below the purchase price, and his statement
to <BR>the effect of to never let a gain turn into a
loss.<BR><BR> I think that I read once in one of
IBD's 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, when to buy it, and when to sell it. Because <BR>without the
capital you can do neither of the three.<BR><BR>jans<BR><BR><BR><BR>In a
message dated 2/19/2002 10:35:30 PM Eastern Standard Time, <BR><A
href="mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>
writes:<BR><BR><< Smart investing means knowing what to look for, what
to avoid, having a <BR>methodical discipline, and taking action when it is
warranted. CANSLIM is <BR>nothing more than a set of guidelines for a
particular discipline. There are <BR>specific buy rules and specific sell
rules. People get into trouble when they <BR>break some of the guidelines in
the discipline and pay attention only to <BR>those that they "feel" like
following at the time >><BR><BR>-<BR>-To subscribe/unsubscribe, email
"<A href="mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In
the email body, write "subscribe canslim" or<BR>-"unsubscribe
canslim". Do not use quotes in your
email.</BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): [CANSLIM] Med/generic drugs "Gary A. Snyder"
Previous Article (by Subject): Re: [CANSLIM] canslim-the best system? "Katherine Malm"
Top of Thread: Re: [CANSLIM] canslim-the best system? "david frank"
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