RE: [CANSLIM] Need some help in selling

From: "FXTrader" <fxtrader@netzero.net>
Subject: RE: [CANSLIM] Need some help in selling
Date: Tue, 1 Jul 2003 09:57:35 -0500

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Pritish:

I don't want to sound condescending but perhaps you should re-evaluate your
buys. It would seem if you were buying properly you shouldn't be
experiencing so many losses. If you get just 60% of your trade profitable
and limit losses to 8%, you should make real money. Perhaps you can send a
few past trades for everyone to look at. Just a thought.

Rich C.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Pritish Shah
Sent: Tuesday, July 01, 2003 9:29 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Need some help in selling


Here is my problem,

I definately know when to buy, I do not know when to sell except for one
rule -- 7% to 8% loss. And you guessed it -- I seem to be selling most of my
stocks at that point. Currently, I am at breakeven even though I bought most
stocks that were good.

So I am trying to revisit all the sell rules. Can we compile a list

1) Sell when you hit 7% to 8% loss
2) Sell when you hit 20% profit
        but do not sell if 20% within one month
3) Sell when the stock moves out of trendline
4) Sell when the stock falls below 50dma on heavy volume

So am I missing any more sell rules?

Here is my situation:

Over the last 45 days, I have bought 27 stocks. I have sold 21 for a loss
and 3 for 20%+ profit and have held on to other 3 for 20% profit.

Basically, to make profit, I have to sell more than one-third at a 21-24%
profit and sell two-thirds at 7-8% loss.

So give me suggestions... What should I be doing? How can I make profit?

Thanks,
Pritish


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