Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] NVR
Date: Wed, 10 Apr 2002 18:11:42 -0500
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Hi Mike,
I'm not sure how you got 3%.... Most trailing stops are set about 0.10 =
below the recent congestion. Either way, you're already sacrificing the =
0.10 to set the stop and so its a sunk cost. In my example, a stop $0 =
.10 below congestion would be set at 24.42. I set it at 24.37. That's =
$0.05 or 0.2% more than a $0.10 stop on the same stock. If I were =
trading billions, I'd worry about it. I don't use stops as a trading =
technique on long positions, I use them as catastrophic insurance. =
Profits on long positions I take on my own with mental stops and will be =
out long before a stop is hit if other price/volume indicators trigger a =
sell. I think as an intermediate term trader that is the best route, as =
you want to give a stock room to breathe as it makes its advance. Also, =
stops get hit in intraday swings. As an intermediate term player, the =
close is what's important.
Katherine
----- Original Message -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, April 10, 2002 5:52 PM
Subject: RE: [CANSLIM] NVR
Hi Katherine,
I understand staying away from round numbers, but I'm wondering why =
you choose another 0.13 below. That could put your stop at up to (0.49 + =
0.13 =3D 0.62) which seems to give a lot of room for further losses. On =
a $20 stock that would be an additional 3%.
But I'm sure you have a sound reason, so I'm wondering if you'd =
explain.
Aloha,
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Wednesday, April 10, 2002 12:41 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] NVR
Hi Bill,
I think everybody is different when it comes to setting their =
stop...I go $0.13 below the closest $.50 mark just to stay out of round =
numbers. So if the bottom of congestion were $24.52, I'd set a stop at =
$24.50 - 0.13 =3D $24.37. That odd number has saved me from getting =
caught in a quick sweep plenty of times.
Katherine
----- Original Message -----=20
From: William King=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, April 10, 2002 5:25 PM
Subject: Re: [CANSLIM] NVR
Katherine,
Thanks for the trailing stop info. Not knowing any better I have =
been in the arbitrary 8% camp unless there is obvious support in that =
area. When they say "below" a given area - how far below? .10, .50 ??
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, April 09, 2002 11:26 PM
Subject: Re: [CANSLIM] NVR
Dimitri,
There are many ways to set a trailing stop. Some use trend =
lines, some use a recent area of consolidation, some use the volatility =
of the stock, some use moving averages. The one thing you do *not* want =
to do is choose an arbitrary number such as 8% as a trailing stop. You =
run the risk of being stopped out of a stock that is experiencing a =
"normal" pullback in its uptrend. I've uploaded an article on trailing =
stops written by Mark Boucher to the CANSIM site. You'll find it at:
http://WallStreet-LLC.com/pub/TrailingStops.doc
Use a wise approach to setting your stop and you will be more =
likely to find that delicate balance between protecting profits, riding =
a good stock as long as possible and protecting against catastrophic =
loss.
Katherine
----- Original Message -----=20
From: Dimitri Katsaros=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, April 09, 2002 5:29 PM
Subject: [CANSLIM] NVR
Thank you all for the advice on NVR... after hearing
all that has been said and looking at the chart, I'm
going to take Katherine Malm's advice by putting a
trailing stop. Should I do it at 8% or perhaps larger
to weather out any volatility?
Thanks
Dimitri
=3D=3D=3D=3D=3D
Quiquid latine dictum sit altum viditur
__________________________________________________
Do You Yahoo!?
Yahoo! Tax Center - online filing with TurboTax
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<DIV>Hi Mike,</DIV>
<DIV> </DIV>
<DIV>I'm not sure how you got 3%.... Most trailing stops are set about =
0.10=20
below the recent congestion. Either way, you're already sacrificing the =
0.10 to=20
set the stop and so its a sunk cost. In my example, a stop $0 .10 below=20
congestion would be set at 24.42. I set it at 24.37. That's $0.05 or =
0.2% more=20
than a $0.10 stop on the same stock. If I were trading billions, I'd =
worry about=20
it. I don't use stops as a trading technique on long positions, I use =
them as=20
catastrophic insurance. Profits on long positions I take on my own with =
mental=20
stops and will be out long before a stop is hit if other price/volume =
indicators=20
trigger a sell. I think as an intermediate term trader that is the best =
route,=20
as you want to give a stock room to breathe as it makes its advance. =
Also, stops=20
get hit in intraday swings. As an intermediate term player, the close is =
what's=20
important.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmikegibbons@proactech.com=20
href=3D"mailto:mikegibbons@proactech.com">Mike Gibbons</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> Wednesday, April 10, 2002 =
5:52=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
NVR</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D160544622-10042002>Hi=20
Katherine,</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D160544622-10042002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D160544622-10042002>I=20
understand staying away from round numbers, but I'm wondering why you =
choose=20
another 0.13 below. That could put your stop at up to (0.49 + 0.13 =3D =
0.62)=20
which seems to give a lot of room for further losses. On a $20 stock =
that=20
would be an additional 3%.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D160544622-10042002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D160544622-10042002>But=20
I'm sure you have a sound reason, so I'm wondering if you'd=20
explain.</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Mike Gibbons<BR>Proactive =
Technologies,=20
LLC</FONT></DIV>
<DIV><FONT face=3DArial size=3D2><A=20
=
href=3D"http://www.proactech.com/">http://www.proactech.com</A></FONT></D=
IV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of =
</B>Katherine=20
Malm<BR><B>Sent:</B> Wednesday, April 10, 2002 12:41 =
PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]=20
NVR<BR><BR></DIV></FONT>
<DIV>Hi Bill,</DIV>
<DIV> </DIV>
<DIV>I think everybody is different when it comes to setting their =
stop...I=20
go $0.13 below the closest $.50 mark just to stay out of round =
numbers.=20
So if the bottom of congestion were $24.52, I'd set a stop at $24.50 =
- - 0.13=20
=3D $24.37. That odd number has saved me from getting caught in a =
quick sweep=20
plenty of times.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dwk11@adelphia.net =
href=3D"mailto:wk11@adelphia.net">William=20
King</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, April 10, =
2002 5:25=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
NVR</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Katherine,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Thanks for the trailing stop =
info. Not=20
knowing any better I have been in the arbitrary 8% camp =
unless there=20
is obvious support in that area. When they say "below" a given =
area - how=20
far below? .10, .50 ??</FONT></DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, April 09, =
2002 11:26=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
NVR</DIV>
<DIV><BR></DIV>
<DIV>Dimitri,</DIV>
<DIV> </DIV>
<DIV>There are many ways to set a trailing stop. Some use trend =
lines,=20
some use a recent area of consolidation, some use the volatility =
of the=20
stock, some use moving averages. The one thing you do *not* want =
to do=20
is choose an arbitrary number such as 8% as a trailing stop. You =
run the=20
risk of being stopped out of a stock that is experiencing a =
"normal"=20
pullback in its uptrend. I've uploaded an article on trailing =
stops=20
written by Mark Boucher to the CANSIM site. You'll find it =
at:</DIV>
<DIV> </DIV>
<DIV> <A=20
=
href=3D"http://WallStreet-LLC.com/pub/TrailingStops.doc">http://WallStree=
t-LLC.com/pub/TrailingStops.doc</A><BR></DIV>
<DIV>Use a wise approach to setting your stop and you will =
be more=20
likely to find that delicate balance between protecting profits, =
riding=20
a good stock as long as possible and protecting against =
catastrophic=20
loss.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ddcka@yahoo.com =
href=3D"mailto:dcka@yahoo.com">Dimitri=20
Katsaros</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, April =
09, 2002=20
5:29 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
NVR</DIV>
<DIV><BR></DIV>Thank you all for the advice on NVR... after=20
hearing<BR>all that has been said and looking at the chart,=20
I'm<BR>going to take Katherine Malm's advice by putting =
a<BR>trailing=20
stop. Should I do it at 8% or perhaps larger<BR>to weather out =
any=20
=
volatility?<BR><BR>Thanks<BR>Dimitri<BR><BR>=3D=3D=3D=3D=3D<BR>Quiquid =
latine=20
dictum sit altum=20
=
viditur<BR><BR>__________________________________________________<BR>Do=20
You Yahoo!?<BR>Yahoo! Tax Center - online filing with =
TurboTax<BR><A=20
=
href=3D"http://taxes.yahoo.com/">http://taxes.yahoo.com/</A><BR><BR>-<BR>=
- -To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
=
email.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></=
BODY></HTML>
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