Re: [CANSLIM] Stop Loss

From: musicant@autobahn.org (Dan Musicant)
Subject: Re: [CANSLIM] Stop Loss
Date: Wed, 10 Sep 1997 13:45:30 GMT

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On Wed, 10 Sep 1997 08:43:09 -0500, you wrote:

:Me thinks WON wrote that before the advent of discount brokers. The cost
:of the round trip with some of them is so low that taking an 8% hit is
:questionable money management. I would set the Stop Limit at no more
:than a couple of days trading range. If you are stopped out because of a
:broad market sell off and you continue having confidence in the stock,
:buy the sucker back at a lower price and have another whack, or two, at
:it.
:
:Bill-->>
He may have written it before the advent of discount brokers, but he
hasn't revised his strategies.=20
:
:Tom Worley wrote:
:>=20
:> The basic WON rule, as expanded upon in recent seminars, is an
:> initial stop order down 8% from your entry point provided you made
:> a correct entry and are studying the chart for nearby
:> support/bases.
:
:

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