Re: [CANSLIM] about the market

From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] about the market
Date: Fri, 22 Aug 2003 17:58:53 -0600

Next Article (by Author): Re: [CANSLIM] IBD's Ind Group "Rolf Hertenstein"
Previous Article (by Author): [CANSLIM] stop order not allowed Roger Tawa
Top of Thread: [CANSLIM] about the market "Jeff Henderson"
Articles sorted by: [Date] [Author] [Subject]

I think you did the right thing.  Who knew yesterday what unforseen good
news (like "we've captured Saddam!") might have done to the markets today?

If you sold at, say an average of $1/share lower than yesterday, ask
yourself how you would have felt if you'd sold yesterday and the stocks you
sold were UP on average a $1/share today.  Could have happened too.  Mental
or hard stops keep life sane, IMHO.

People on this list often mention sticking to your discipline.  It's taking
a long time for that lesson to sink into my thick skull, but it sure seems
to help.

 Rolf


- ----- Original Message -----
From: "Jeff Henderson" <JHend746@cox.net>
To: <canslim@lists.xmission.com>
Sent: Friday, August 22, 2003 5:23 PM
Subject: RE: [CANSLIM] about the market


> I was using a moving stop-- I still made money I just hit my exits when
> I knew the day before their was a high chance.  That's all.
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Henderson
> Sent: Friday, August 22, 2003 5:31 PM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] about the market
>
> Yesterday and the day before, I got the feeling that the market was
> overpriced and would be coming back down.  Today all my stocks dropped
> and 3 of my stocks hit their exits (I exited) should I have gone on
> instinct and exited yesterday or did I do the right thing by sticking to
> my system?
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Yien T Lung
> Sent: Friday, August 22, 2003 1:44 PM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] When to Sit and Wait and when to Sell
>
> Hi people,
>
> From your experience, what do you guys do to a stock that has BO, but
> has
> not moved much or even come back to its original pivot point. I remember
> Jesse Livermore saying that it was much more profitable to ride on your
> trade than to cut your gains after a certain percentage gain. In other
> words, what kind of criterias to look in order to tell if the stock you
> bought is a winner - so stick with it,  or a dog - sell it or even go
> short?
>
>
> thanks
> Yien
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.