Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: -RE: [CANSLIM] Need some help in selling
Date: Tue, 1 Jul 2003 11:09:42 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0012_01C33FC1.454DA3E0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Welcome to the group Top Secret and glad to have you on board. We ask that as a courtesy to our members that you use your real name, though first names are acceptable if you prefer. This creates a sense of community unlike the more anonymous boards at Yahoo and MSN. Here is a link to our FAQ so that you can become familiar with our list-centric jargon: http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc (Word for Windows Document) or http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser) Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Top Secret Sent: Tuesday, July 01, 2003 10:00 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Need some help in selling Here is what I think. Before you Buy anything 1. Have a buy price 2. Have a stop price 3. Have a sell price. I base my prices on what the chart says. I don't use percent points although that may work for you. I use trailing stops on the way up. Why sell if it has a 20% profit it may have more on the way. Trailing stop will let your profits run and make the sell decision for you. If the stock hits your objective sell price you may sell half and lock in the profit and hold the other half to see what happens. Best strategy I've heard for years and never really dawned on me till lately " Let your profits run, cut your losses short" Following that strategy you only have to be right 50% of the time to be a successful trader. Takes some of the pressure off. You are working on a set of rules which you adhere to so you are making progress. I just joined the group yesterday and I look forward to hearing everyone's opinion. - ------=_NextPart_000_0012_01C33FC1.454DA3E0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Dus-ascii"> <META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR></HEAD> <BODY> <DIV><SPAN class=3D125280516-01072003>Welcome to the group Top Secret = and glad to=20 have you on board.</SPAN></DIV> <DIV><SPAN class=3D125280516-01072003></SPAN> </DIV> <DIV><SPAN class=3D125280516-01072003>We ask that as a courtesy to our = members=20 that you use your real name, though first names are acceptable if you = prefer.=20 This creates a sense of community unlike the more anonymous boards at = Yahoo and=20 MSN.</SPAN></DIV> <DIV><SPAN class=3D125280516-01072003></SPAN> </DIV> <DIV><SPAN class=3D125280516-01072003>Here is a link to our FAQ so that = you can=20 become familiar with our list-centric jargon:</SPAN></DIV> <DIV><SPAN class=3D125280516-01072003></SPAN> </DIV> <DIV><SPAN class=3D125280516-01072003><A=20 href=3D"http://wallstreet-llc.com/canslim/CANSLIMFAQ.doc"><EM>http://Wall= Street-LLC.com/canslim/CANSLIMFAQ.doc</EM></A> <SPAN=20 class=3D824041319-03012003>(Word for Windows Document) or</SPAN> <P class=3DSubheading2 style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 class=3D824041319-03012003><EM> </EM><A=20 href=3D"http://wallstreet-llc.com/canslim/CANSLIMFAQ.zip"><EM>http://Wall= Street-LLC.com/canslim/CANSLIMFAQ.zip</EM></A>=20 (zipped version for those who are having trouble displaying the document = within=20 their browser)</SPAN></P> <P class=3DSubheading2 style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 class=3D824041319-03012003></SPAN> </P> <P class=3DSubheading2 style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 class=3D824041319-03012003><SPAN=20 class=3D125280516-01072003>Katherine</SPAN></SPAN></P></SPAN></DIV> <BLOCKQUOTE> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT = face=3DTahoma=20 size=3D2>-----Original Message-----<BR><B>From:</B>=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Top=20 Secret<BR><B>Sent:</B> Tuesday, July 01, 2003 10:00 AM<BR><B>To:</B>=20 canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Need some = help in=20 selling<BR><BR></FONT></DIV> <DIV>Here is what I think.</DIV> <DIV> </DIV> <DIV>Before you Buy anything</DIV> <DIV> </DIV> <DIV>1. Have a buy price</DIV> <DIV>2. Have a stop price</DIV> <DIV>3. Have a sell price.</DIV> <DIV> </DIV> <DIV>I base my prices on what the chart says. I don't use percent = points=20 although that may work for you. I use trailing stops on the way up. = Why sell=20 if it has a 20% profit it may have more on the way. Trailing stop will = let=20 your profits run and make the sell decision for you. If the stock hits = your=20 objective sell price you may sell half and lock in the profit and hold = the=20 other half to see what happens. Best strategy I've heard for years and = never=20 really dawned on me till lately " Let your profits run, cut your = losses short"=20 Following that strategy you only have to be right 50% of the time to = be a=20 successful trader. Takes some of the pressure off.</DIV> <DIV> </DIV> <DIV>You are working on a set of rules which you adhere to so you are = making=20 progress.</DIV> <DIV> </DIV> <DIV>I just joined the group yesterday and I look forward to hearing=20 everyone's opinion. </DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0012_01C33FC1.454DA3E0-- - - - -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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