Go to Jeff Salisbury LWGate Home Page.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 > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > Do You Yahoo!? > HotJobs, a Yahoo! service - Search Thousands of New Jobs > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -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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