Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)]

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)]
Date: Thu, 8 Aug 2002 08:54:06 -0700

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Let me add, I found out about canslim by picking up a book with the cheesy
title," How To Make Money In Stocks" while browsing the bookstore. To this
day, everyone I show it to laughs at the title. (g)

- -Bill


- ----- Original Message -----
From: "Bill Triffet" <btriffet@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Thursday, August 08, 2002 8:48 AM
Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee
Watchlist)]


> Hi Kris,
>
> Let explain my learning curve history in an effort to help you here. I
> started learning canslim in late 1998. By late 1999 the last push of the
> great bull occurred. I was on top of the world with a 90% return for that
> year. I thought I really had it down. Then in March of 2K lots of sell
> signals presented themselves. Even IBD was right on the mark in making
that
> call to sell. I did...for a while. In my eagerness to jump back and "take"
> some more money from the "easy" market, I made lots of little failed
trades.
> I had to loose 30% of my portfolio that year before I realized I wasn't
> there yet.
>
> My point is to do the time up front. If it was so easy, we'd all be
> millionaires. You mention: "But some of the smarter canslimers on the
site,
> who have a lot more time and knowledge, or computer savvy could probably
> pinpoint the possible great ones from the O.K. ones easily, where I would
> never see it at this point. " Time is the key here. Spending more time to
> learn this is the fastest way to success. One good gauge of my stock
picking
> is to see it show up in IBD the next day or two (haven't seen that for a
> while though).
>
>
> For starters, check out Elmer's post  to zillagirl about how to build your
> list http://www.investors.com/editorial/web00.asp?v=8/8 . I highly
recommend
> the IBD sites, "Where The Big Money's Flowing Now" and "Weekend Review"
to
> help building a list of your own. Feel free to post a couple up here for
> discussion if you have some questions about them.
>
> Hope this helps.
>
> -Bill
>



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