Go to Jeff Salisbury LWGate Home Page.From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Re:Entry purchase
Date: Tue, 13 Aug 2002 20:45:00 -0600
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I think a good approximation is to put no more than 20% of your money into a single stock. O'Neil has some guidelines on this depending on your account size, I don't know them off the top of my head, but 20% would mean a max of 5 stocks, and that's pretty close to what he said. Also, a comforting thing to consider is that with no more than 20% of your money in one stock, you are risking only 1.6% or so of your account on one stock if I am doing my math correctly (1/5 of 8% max loss on a stock). So you can't get in too much trouble. If the market is lousy, like now, you may want to scale back below 20%. On 13 Aug 2002 at 21:24, E2moskow@aol.com wrote: > are good parameters to consider when making an entry purchase. How many > shares is it wise to buy. This is a subject that hasn't been discussed, > what is WON's idea as an entry? Morris > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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