Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: RE: [CANSLIM] Market Wizards
Date: Wed, 16 Jul 2003 18:17:33 -0500
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Market Wizards books (Jack Schwager):
http://www.amazon.com/exec/obidos/ASIN/0887306101/qid=1058397229/sr=2-2/ref=sr_2
_2/103-9921310-1178225
http://www.amazon.com/exec/obidos/ASIN/0887306675/qid=1058397229/sr=2-3/ref=sr_2
_3/103-9921310-1178225
http://www.amazon.com/exec/obidos/ASIN/0066620597/qid=1058397229/sr=2-1/ref=sr_2
_1/103-9921310-1178225
Also mentioned today in the discussion on money management (Van Tharp):
http://www.amazon.com/exec/obidos/ASIN/0070647623/qid=1058397390/sr=2-1/ref=sr_2
_1/103-9921310-1178225
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Roger
Sent: Wednesday, July 16, 2003 5:01 PM
To: canslim@lists.xmission.com
Subject: Re: RE: [CANSLIM] Market Wizards
I missed something about the 3 books I got the Market w\Wizard by David Ryan
(I believe) but dont know what the titles of the other 2 are. Would someone
help?
----- Original Message -----
From: David Taggart
To: canslim@lists.xmission.com
Sent: Wednesday, July 16, 2003 10:02 AM
Subject: RE: RE: [CANSLIM] Market Wizards
All three Market Wizard books are excellent I dont know of a good trader
that doesnt reccomend them. You can get all 3 in paperback for like 15 a book.
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of France
Sent: Wednesday, July 16, 2003 1:40 PM
To: canslim@lists.xmission.com; canslim@lists.xmission.com
Subject: Re: RE: [CANSLIM] Market Wizards
David,
What is the "Market Wizards" you refer to? Is this a book and if so, could
you send me a link with more information on it. Has anyone else in the group
read this book that could offer opinions on its value?
Kelly
-----Original Message-----
From: Dave Stem [mailto:canslimdave2003@yahoo.com]
Sent: Wednesday, July 16, 2003 2:18 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Market Trend Charts
Pritish...
A good idea is to focus almost solely on risk and let the profits take
care of themselves... which is what the 2% or less risk rule allows you to do.
In his book, WON talks about how if you are alert, you will actually be out of
many stocks before the 7-8% loss because you will be able to tell when a stock
is not acting right. The 7-8% loss is the maximum. It's not a blind rule to
follow.
David Ryan, in Market Wizards, said he would sell half of any position
that fell back to the pivot point. I highly recommend the interview with him.
He talks very specifically about how to trade using CANSLIM. And he won some
sort of investing championship 3 years in a row... which is not bad. Returns
well over 100 percent each year.
Personally, I think if you just buy breakouts and blindly use a 7-8%
stop over the next few years, there is a good chance your portfolio will be
eaten away... particularly if you are so naive as I was last year... to buy many
stocks simultaneously without waiting for profits to show up first.
Dave
Pritish Shah <pshah@lason.com> wrote:
I am still learning and the idea of "8% loss in a stock should not be
greater than 2% of total portfolio" is a great. So at minimum, I should not
invest more than 1/12th of my total portfolio in any individual stock.
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<BODY bgColor=3D#ffffff>
<DIV><SPAN class=3D656181423-16072003></SPAN> </DIV>
<DIV><SPAN class=3D656181423-16072003>Market Wizards books (Jack=20
Schwager):</SPAN></DIV>
<DIV><SPAN class=3D656181423-16072003></SPAN> </DIV>
<DIV><A=20
href=3D"http://www.amazon.com/exec/obidos/ASIN/0887306101/qid=3D105839722=
9/sr=3D2-2/ref=3Dsr_2_2/103-9921310-1178225">http://www.amazon.com/exec/o=
bidos/ASIN/0887306101/qid=3D1058397229/sr=3D2-2/ref=3Dsr_2_2/103-9921310-=
1178225</A></DIV>
<DIV> </DIV>
<DIV><A=20
href=3D"http://www.amazon.com/exec/obidos/ASIN/0887306675/qid=3D105839722=
9/sr=3D2-3/ref=3Dsr_2_3/103-9921310-1178225">http://www.amazon.com/exec/o=
bidos/ASIN/0887306675/qid=3D1058397229/sr=3D2-3/ref=3Dsr_2_3/103-9921310-=
1178225</A></DIV>
<DIV> </DIV>
<DIV><A=20
href=3D"http://www.amazon.com/exec/obidos/ASIN/0066620597/qid=3D105839722=
9/sr=3D2-1/ref=3Dsr_2_1/103-9921310-1178225">http://www.amazon.com/exec/o=
bidos/ASIN/0066620597/qid=3D1058397229/sr=3D2-1/ref=3Dsr_2_1/103-9921310-=
1178225</A></DIV>
<DIV> </DIV>
<DIV><SPAN class=3D656181423-16072003>Also mentioned today in the =
discussion on=20
money management (Van Tharp):</SPAN></DIV>
<DIV><SPAN class=3D656181423-16072003></SPAN> </DIV>
<DIV><SPAN class=3D656181423-16072003><A=20
href=3D"http://www.amazon.com/exec/obidos/ASIN/0070647623/qid=3D105839739=
0/sr=3D2-1/ref=3Dsr_2_1/103-9921310-1178225">http://www.amazon.com/exec/o=
bidos/ASIN/0070647623/qid=3D1058397390/sr=3D2-1/ref=3Dsr_2_1/103-9921310-=
1178225</A></SPAN></DIV>
<DIV><SPAN class=3D656181423-16072003></SPAN> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<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=20
</B>Roger<BR><B>Sent:</B> Wednesday, July 16, 2003 5:01 =
PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: RE: [CANSLIM] Market =
Wizards<BR><BR></FONT></DIV>
<DIV><STRONG><FONT face=3D"Lynda Cursive" color=3D#0000ff size=3D4>I =
missed=20
something about the 3 books I got the Market w\Wizard by David =
Ryan (I=20
believe) but dont know what the titles of the other 2 are. =
Would=20
someone help?</FONT></STRONG></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ddctag@mavericktrading.com=20
href=3D"mailto:dctag@mavericktrading.com">David Taggart</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, July 16, =
2003 10:02=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: RE: [CANSLIM] =
Market=20
Wizards</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D765070120-16072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>All three Market Wizard books are excellent I dont know of =
a good=20
trader that doesnt reccomend them. You can get all 3 in =
paperback for=20
like 15 a book. </FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A>=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of=20
</B>France<BR><B>Sent:</B> Wednesday, July 16, 2003 1:40 =
PM<BR><B>To:</B>=20
<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
;=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: RE: [CANSLIM] =
Market=20
Wizards<BR><BR></FONT></DIV>
<DIV><SPAN class=3D612290816-16072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>David,</FONT></SPAN></DIV>
<DIV><SPAN class=3D612290816-16072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D612290816-16072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>What is the "Market Wizards" you refer to? Is this a book =
and if=20
so, could you send me a link with more information on it. Has =
anyone else=20
in the group read this book that could offer opinions on its=20
value?</FONT></SPAN></DIV>
<DIV><SPAN class=3D612290816-16072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D612290816-16072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Kelly</FONT></SPAN></DIV>
<BLOCKQUOTE>
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Dave Stem=20
[mailto:canslimdave2003@yahoo.com]<BR><B>Sent:</B> Wednesday, =
July 16,=20
2003 2:18 AM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B>=20
RE: [CANSLIM] Market Trend Charts<BR><BR></FONT></DIV>
<DIV>Pritish... </DIV>
<DIV> </DIV>
<DIV>A good idea is to focus almost solely on risk and let the =
profits=20
take care of themselves... which is what the 2% or less risk =
rule=20
allows you to do. In his book, WON talks about how =
if you=20
are alert, you will actually be out of many stocks before the =
7-8% loss=20
because you will be able to tell when a stock is not acting =
right. =20
The 7-8% loss is the maximum. It's not a blind rule to=20
follow. </DIV>
<DIV> </DIV>
<DIV>David Ryan, in Market Wizards, said he would sell half of =
any=20
position that fell back to the pivot point. I highly =
recommend the=20
interview with him. He talks very specifically about how =
to trade=20
using CANSLIM. And he won some sort of investing =
championship 3=20
years in a row... which is not bad. Returns well over 100 =
percent=20
each year.</DIV>
<DIV> </DIV>
<DIV>Personally, I think if you just buy breakouts and blindly =
use a=20
7-8% stop over the next few years, there is a good chance your =
portfolio=20
will be eaten away... particularly if you are so naive as I was =
last=20
year... to buy many stocks simultaneously without waiting for =
profits to=20
show up first.</DIV>
<DIV> </DIV>
<DIV>Dave</DIV>
<DIV><BR><BR><B><I>Pritish Shah <pshah@lason.com></I></B> =
wrote:=20
<BLOCKQUOTE=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: =
#1010ff 2px solid; WIDTH: 100%"><BR>I=20
am still learning and the idea of "8% loss in a stock should =
not be=20
greater than 2% of total portfolio" is a great. So at minimum, =
I=20
should not invest more than 1/12th of my total portfolio in =
any=20
individual stock.</BLOCKQUOTE></DIV>
<P>
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Do you Yahoo!?<BR><A=20
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href=3D"http://pa.yahoo.com/*http://rd.yahoo.com/evt=3D1207/*http://promo=
.yahoo.com/sbc/">SBC=20
Yahoo! DSL</A> - Now only $29.95 per=20
=
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