Re: [CANSLIM] AAII letter to the editor

From: "Lois" <ldibbs@comcast.net>
Subject: Re: [CANSLIM] AAII letter to the editor
Date: Mon, 14 Jul 2003 09:43:26 -0500

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Hong Hsu,

I think you and I are looking for the same thing.
Please e-mail me @ bingos12002@yahoo.com.





- ----- Original Message ----- 
From: "
" <honghsu@bellatlantic.net>
To: <canslim@lists.xmission.com>
Sent: July 13, 2003 10:13 PM
Subject: Re: [CANSLIM] AAII letter to the editor


> Katherine,
> 
> I agree all of your opinions with one exception.  That is,  always cut 
> your loss at 7% or 8% from your entry price.    I can not find evidence 
> to support that logically from Mr. O'Neil's book or from my experience.  
> 
> It seems to me that if a stock fails from its first breakout,  then the 
> rule holds TRUE.  But after first breakout, the stock may build its 
> second flat base, or continue went up for a while.  You may buy at pull 
> back, support line or on the top of second flat base.  In these cases, 
> if you stick with 7% or 8% loss rule, most likely you will be forced out 
> because of volatile.   In a message I post two days ago,  I was trying 
> to find a solution to the issue.  But got no response.
> 
> I am thinking to use price progress and time to determine stop, 
> something like Parabolic System from  http://www.tradertalk.com/,   OR 
> simply use %, but instead measure from entry point, you measure it from 
> first pivot OR Fibonacci retreat line.
> 
> Your comments will be appreciated,
> -Hong
> 
> 
> 
> 
> 
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