Re: [CANSLIM] paper trading

From: "Mike Lucero" <m.lucero@verizon.net>
Subject: Re: [CANSLIM] paper trading
Date: Fri, 9 Aug 2002 12:56:06 -0700
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Daily Graphs Online has quarterly EPS and then shows the change from the =
previous year, and I just checked Quotes Plus, and it does, too.

Mike
- ----- Original Message -----=20
From: Sol Mayer=20
To: canslim@lists.xmission.com=20
Sent: Friday, August 09, 2002 6:26 AM
Subject: Re: [CANSLIM] paper trading


where can I find eps growth rates?=20

 Mike Lucero wrote:=20

  How many of the new people are paper trading? Using play money, try to =
follow the rules for buying and selling. If you had been doing that for =
a while you would probably see why it's not a good time to be buying =
stocks. After your paper trading seems profitable, you could start with =
real money, a small amount per position, and see what it feels like to =
follow the system. It feels different with real money on the line, and =
your feelings are what you have to overcome.

  How do you find buy candidates? Use a scanning program and find stocks =
that have hit a 52 week high close. If you want to only buy =
cup-with-handles, then evaluate the pattern. Check RS, EPS rank, EPS =
growth. Pretend (paper-trading, remember) that you buy the next day at =
the open, buying with 10% of your play money portfolio. Keep track of =
your trades in a spreadsheet. If your loss in a stock hits 7%, =
pretend-sell.=20

  There's more to CANSLIM than finding the stocks. You have to put money =
on the line, control greed and fear, and try to follow what the market =
is telling you.=20

  Mike




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<DIV>Daily Graphs Online has quarterly EPS and then shows the change =
from the=20
previous year, and I just checked Quotes Plus, and it does, too.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Mike</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dsmaye1211@yahoo.com href=3D"mailto:smaye1211@yahoo.com">Sol =
Mayer</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Friday, August 09, 2002 6:26 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] paper trading</DIV></DIV>
<DIV><BR></DIV>
<P>where can I find eps growth rates?=20
<P>&nbsp;<B><I>Mike Lucero <M.LUCERO@VERIZON.NET></I></B>wrote:=20
<BLOCKQUOTE=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px =
solid">
  <META content=3D"MSHTML 5.50.4807.2300" name=3DGENERATOR>
  <STYLE></STYLE>

  <DIV>How many of the new people are paper trading?&nbsp;Using play =
money, try=20
  to follow the rules for buying and selling. If you had been doing that =
for a=20
  while you would probably see why it's not a good time to be buying =
stocks.=20
  After your paper trading seems profitable, you could start with real =
money, a=20
  small amount per position, and see what it feels like to follow the =
system. It=20
  feels different with real money on the line, and your feelings are =
what you=20
  have to overcome.</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>How do you find buy candidates? Use a scanning program and find =
stocks=20
  that have hit a 52 week high close. If you want to only buy =
cup-with-handles,=20
  then evaluate the pattern. Check RS, EPS rank, EPS growth. Pretend=20
  (paper-trading, remember) that you buy the next day at the open, =
buying with=20
  10% of your play money portfolio. Keep track of your trades in a =
spreadsheet.=20
  If your loss in a stock hits 7%, pretend-sell. </DIV>
  <DIV>&nbsp;</DIV>
  <DIV>There's more to CANSLIM than finding the stocks. You have to put =
money on=20
  the line, control greed and fear, and try to follow what the market is =
telling=20
  you. </DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Mike</DIV></BLOCKQUOTE>
<P><BR>
<HR SIZE=3D1>
<B>Do You Yahoo!?</B><BR><A=20
href=3D"http://rd.yahoo.com/careers/mailsig/new/*http://www.hotjobs.com">=
HotJobs,=20
a Yahoo! service</A> - Search Thousands of New Jobs</BODY></HTML>

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