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 08:48:43 -0700

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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


- ----- Original Message -----
From: <KrisFg@aol.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, August 07, 2002 6:10 PM
Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee
Watchlist)]


> Katherine, Nancy articulated my thoughts while I was struggling with my
post.
>
>  ---- My question is, what would be the harm of adding say the top two or
> three stocks from each  interested persons list( who would choose to
> participate)-to be dissected by the group. A person like me who is
relatively
> new to canslim would probably have my stocks shot down right away.
> -----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.
> ----- Bill Oneil said even he needed a 3 year learning curve before he
> started to get the system and become profitable.
> ----- If the market turns in 6 months and leaders start to emerge in a
year
> or so- this type of brainstorming may give all boats a chance to rise with
> the tide.  Otherwise , any of us that haven't had the three year curve may
> very well miss a great buying opportunity.
> -----I don't see how anyone would lose from sharing their knowledge-where
> would we all be if Bill O. felt that way. Even he puts out lists-
>
> Please rid yourself of the thought that I would use a list abr>
crutch
> instead of something to gather knowledge.
>
> Kris
>


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