Re: [CANSLIM] Need some help in selling

From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] Need some help in selling
Date: Wed, 2 Jul 2003 20:10:53 -0700 (PDT)

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In trend following systems, yes. But CANSLIM is much
more than just a trend following system.  40% success
ratio is more relevant to mechanical trend following
systems, loosely based on Donchian and other breakout
systems which blindly enter all breakouts without
considering any fundamentals, in the futures markets. 


CANSLIM is per definition a bull market system. 
According to HTMMIS 3 out of 4 stocks rise in a bull
market, theoretically your success ratio with CANSLIM
should approach that. Of course the uncertainties
around market tops and bottoms might lower that, but
if you follow a disciplined approach you success ratio
should be far above 40%.

Regards
- - Fanus

- --- Mike Lucero <m.lucero@verizon.net> wrote:
> Isn't 60% winning trades pretty high expectations?
> My understanding is that
> using trend-following techniques you get about 40%
> winners.
> 
> Mike
> ----- Original Message ----- 
> From: "FXTrader" <fxtrader@netzero.net>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, July 01, 2003 7:57 AM
> Subject: RE: [CANSLIM] Need some help in selling
> 
> 
> 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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