RE: [CANSLIM] STOPs and GRMN and selling rules

From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: RE: [CANSLIM] STOPs and GRMN and selling rules
Date: Wed, 21 May 2003 15:17:34 -0500

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Our average cost in Garmin is $27.20.  We bought around $24+ and then
added bringing it close to a full position, 10% of the portfolio.  We
sold 1/2 the position yesterday, but still hold on to the remainder.
The biggest concept we struggled with for years is the "all or none"
scenario.  We broke through this mental hurdle after several years of
studying top traders, in particular Dr. Tharp. It's better to have a
little of something, then a lot of nothing.  While WON has great
concepts, the addition of Position Sizing, how much to risk, is what
sets us apart and rounds out our discipline.  We tend to carry two stops
on positions that gain more than 15%.  Remember, your rules should be
just that, YOUR RULES.  It should be comfortable in both up markets and
down.


Ed Gjertsen II
ed@macktracks.com
 
 
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