Re: [CANSLIM] Swing Trading? & Greetings & A question

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Swing Trading? & Greetings & A question
Date: Wed, 21 Aug 2002 21:05:55 -0400
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My plan is to do both. Presently I use hot stix.com for my swing trading.
Their very good at it. Very simple format. I understand chart formations
better than fundamentals. One can make more money in a bear and bottomed
market, but not with CANSLIM. I will always swing trade. One system is not
good. I will also practice CANSLIM and go long again when it's in vogue.
That's why I keep abreast of what's cooking here. As far as needing a large
chunk of capital, 2 grand gets one margined. Maybe some trouble too :) Paper
trade till you get confident.

DanF
- ----- Original Message -----
From: "Jeff Bogatay" <jeff@bogatay.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, August 21, 2002 3:51 PM
Subject: RE: [CANSLIM] Swing Trading? & Greetings & A question


> Greets group.
>
> Long time lurker.  Six months ago I knew absolutely nothing about the
> markets.  It's starting to sink in now.  Jumped in head first and burned
> through my free trades in no-time flat.  I feel fortunate to only be
> down about 20%.  Didn't start with that much, so it's not _that_
> painfull.  It was almost purely driven by emotion, and now that I got it
> out of my system I am taking a slower, more analytical approach.
>
> This mailing list is chock-full of great information.  I have learned
> quite a bit via this list alone.
>
> I'm more into charts then fundamentals, my ultimate goal is to do some
> shorter term trading.  You need to have a sizable chunk of capital to do
> this, in the interim I am studying up on CANSLIM and intermediate term
> investing.  Who knows, perhaps I'll learn to love fundamentals? :P
>
> I too have My Farley's book.  I got almost 2 chapters in and I haven't
> got back to it yet.  It's most definitely a tough read.  For some reason
> it almost reminded me of Dr Suess talks Stock Markets.  I am presently
> reading HTMMIS.  I will return to Master Swing Trader at some later
> point, when I have more time and open it before it's dark outside.  On
> more than a few nights, that book put me out like a light.
>
> I have a decent understaning of the mechanics of business, and am
> starting to grasp the mechanics of the market.  One area which I'd like
> to learn more about is the intersection of the two.  Does anybody have
> any websites that detail this interaction?  Things like...
>
> -  Other than the obvious benefit for acquisitions, stock options,
> etc... What direct effect does a company's stock price have on the
> company?
> -  Other than for investment purposes, why would a company buy back
> stock?
> -  A quick overview of specialists?  Who do they work for, their
> interaction with the company/exchange, etc..
>
>
> Forgive me if these questions are off-topic or dumbish.  I hope that one
> day I'll be able to contribute something of substance.
>
>
>
>
>
>
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Eric Jaenike
> Sent: Wednesday, August 21, 2002 2:11 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] Swing Trading?
>
>
> I just started reading Alan Farley's book, The Master Swing Trader. As I
> understand it, swing trading focuses on shorter term swings in the
> market when the market/stock is trading in a nontrending/horizontal
> fashion. That method focuses on buying at support and selling at
> resistance. When the instrument in question then breaks from its current
> trading range, the swing trader will then change tactics and switch to a
> momentum trading style.
> I have only read about 50 pages of his book, but so far have found it to
> be one of the best investing books I have read. It is, however, very
> advanced, very technical, and a slow read.
> Eric
>
>  Warren Keuffel wrote:
> What, exactly, is swing trading? I understand day trading -- you are in
> and out of a stock one or more times during a day, and don't hold
> overnight. CANSLIM has (in my mind) a 1-6 month horizon, in general,
> depending on markets, etc. The term Swing Trading implies some kind of
> back and forth action. For how long? What kind of buy/sell rules apply?
>
> Inquiring Minds Want To Know.
> Thanks.
> Warren
>
>
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