Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: [CANSLIM] Re: Performance
Date: Wed, 4 Sep 2002 09:32:51 -0500
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Well said, Andrew. Each individual has the responsibility for developing =
their own set of trading rules and then backtesting/papertrading/etc to =
develop an expectancy rate. Given that and a monitored performance =
check, they can trade with confidence and adjust as needed. CANSLIM is =
no different than any other "style"....it's simply a launching pad for =
the individual's chosen systematic investing process and performance is =
*always* the responsibility of the practitioner.
Katherine
----- Original Message -----=20
From: Andrew Biederman=20
Sent: Wednesday, September 04, 2002 10:15 AM
Subject: [CANSLIM] To: canslim@lists.xmission.com
I feel as though I have wandered into OZ.=20
=20
Isn't it the responsibility of the trader to determine whether CANSLIM =
works and what stops to use?
=20
Anyone who uses a system without knowing its expectancy is trading on =
faith and deserves to get the results that "luck" gives them. If you =
don't know your expectancy - shame on you for not doing your homework.
It is not the responsibility of IBD or William O'Neill to guarantee =
the traders results or the accuracy of a method.
=20
=20
=20
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<DIV>Well said, Andrew. Each individual has the responsibility for =
developing=20
their own set of trading rules and then backtesting/papertrading/etc to =
develop=20
an expectancy rate. Given that and a monitored performance check, =
they can=20
trade with confidence and adjust as needed. CANSLIM is no different than =
any=20
other "style"....it's simply a launching pad for the individual's chosen =
systematic investing process and performance is *always* the =
responsibility of=20
the practitioner.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dariderma@optonline.net =
href=3D"mailto:ariderma@optonline.net">Andrew=20
Biederman</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, September 04, =
2002 10:15=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I feel as though I have =
wandered=20
into OZ. <o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Isn=92t it the =
responsibility of the=20
trader to determine whether CANSLIM works and what stops to=20
use?<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Anyone who uses a system =
without=20
knowing its expectancy is trading on faith and deserves to get the =
results=20
that =93luck=94 gives them. If you don=92t know your expectancy =96 =
shame on you for=20
not doing your homework.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">It is not the =
responsibility of=20
IBD or William O=92Neill to guarantee the traders results or the =
accuracy of a=20
method.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
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