Re: [CANSLIM] Stop Loss

From: Dbphoenix@aol.com
Subject: Re: [CANSLIM] Stop Loss
Date: Wed, 10 Sep 1997 21:26:58 -0400 (EDT)

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In a message dated 97-09-10 00:57:03 EDT, you write:

<< A choice between a stop loss and a stop limit must be made on your
 risk tolerance, ability to lose some of your capital, your personal
 ability to stay in touch with the mkt, and the stock's typical
 spread and volatility. There is no single answer. If the stock is
 heading south, with no serious rally, then a stop limit may mean
 you will never get your sell order executed. If the stock is
 slipping, but in an orderly fashion, and your limit is not that far
 off your stop nr, then you may be executed. >>

It's also worth knowing if your stop is near a major support level, in which
case it may pay to focus on that level rather than a percentage or
point-based stop.

I may have mentioned this on this board before.  If so, my apologies.  I get
confused.

- -----Db

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