Re: [CANSLIM] Need some help in selling

From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] Need some help in selling
Date: Tue, 1 Jul 2003 10:18:15 -0700 (PDT)

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Pritish

If you (re)read HTMMIS, you will see that there are
plenty more sell rules than the ones you are listing
here. So, yes, you are missing more sell rules.

Like Bob said, you really should decid before you buy
what your strategy with regard to stops is going to
be.  27 stocks in 45 days sound like a lot to me.
Maybe you should take a break, sit down and evaluate
your buys and write down a clear strategy for entering
and exiting before taking on any new positions?

- - Fanus

- --- Pritish Shah <pshah@lason.com> wrote:
> 
> 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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