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From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3321 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, May 21 2003 Volume 02 : Number 3321 In this issue: Re: [CANSLIM] STOPs RE: [CANSLIM] STOPs RE: [CANSLIM] STOPs ---------------------------------------------------------------------- Date: Wed, 21 May 2003 14:49:00 -0400 From: "Chuck Dreier" <chucknsc@mindspring.com> Subject: Re: [CANSLIM] STOPs This is a multi-part message in MIME format. - ------=_NextPart_000_000F_01C31FA8.1DA5AE70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks everyone! I don't use a deep discount broker (I use Schwab) and = they don't have trailing stops as an option. 'Wish they did..... Chuck ----- Original Message -----=20 From: S=E9bastien Derks=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 21, 2003 2:13 PM Subject: RE: [CANSLIM] STOPs Chuck, =20 =20 A trailing stop works like this: =20 If you put a stop at $9.50 (5% below $10.00) when having it stock = bought at $10.00 then if the stock goes up to $11 then the stop will = change to $10.45 (5% below $11). It basically stays the same percentage = under the new high reached. In case the stock drops then to $10.45 the = stop order will be executed because it only moves up when a new high is = reached from the point that you bought it for. =20 =20 S=E9bastien =20 =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chuck Dreier Sent: woensdag 21 mei 2003 20:05 To: canslim@lists.xmission.com Subject: Re: [CANSLIM] STOPs =20 Please explain "trailing stop". How is that different than the stop = loss that I'm familiar with? Thanks.... Chuck =20 ----- Original Message -----=20 From: jeffwdc=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 21, 2003 1:24 PM Subject: Re: [CANSLIM] STOPs =20 Rolf, I asked a similar question a couple of months ago.=20 Tom Worely posted a reply, but I regret I can't find his actual message -however I did print a hard copy. =20 On 3/20/03 Tom wrote: ...the normal procedure I use is to leave the stop loss unchanged (from the 8% stop placed after purchase) until I am up at least 15%. At that point, I raise my limit to my original entry point (or aveerage price if multiple purchases). After that, I try to us a trailing stop 15% below the prior day (sometimes the closing price, sometimes the intraday high, depends on the chart, stock, fundies, how badly I want to take profits, etc.) Of course, once raised, the stop loss should NEVER be lowered. Also found this message from Tom written on 4/21/03: "I think any stop loss price should be selected after studying the chart, and considering your entry point. When I use hard stops, I like to put them just under where I see support, figuring if it goes thru short term support then it could go down a lot further. When I really don't want to be stopped out, and especially when I already have a nice profit, I tend to use looser stops." Jeff Gasta Note: I am now using a new e-mail address. --- Rolf Hertenstein <rolfh@mindspring.com> wrote: > Just curious how folks manage their mental or hard* > STOPs on a broken-out stock that is behaving well > (gaining steadily over a few months with a few > 10-15% corrections). I'm especially curious about > techniques people might use in this market. >=20 > A 'standard' technique uses a trailing STOP at xx% > below the currwnt price. Another technique I have > read about sets STOPs in relation to the 50 or 200 > DMA, with the hope that allowing the stock > relatively wide swings ultimately leads to big > gains, as long as the DMA is still rising. >=20 > Any thoughts greatly appreciated. >=20 > Rolf >=20 __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_000F_01C31FA8.1DA5AE70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML xmlns=3D"http://www.w3.org/TR/REC-html40" xmlns:v =3D=20 "urn:schemas-microsoft-com:vml" xmlns:o =3D=20 "urn:schemas-microsoft-com:office:office" xmlns:w =3D=20 "urn:schemas-microsoft-com:office:word" xmlns:st1 =3D=20 "urn:schemas-microsoft-com:office:smarttags"><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3DWord.Document name=3DProgId> <META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR> <META content=3D"Microsoft Word 10" name=3DOriginator><LINK=20 href=3D"cid:filelist.xml@01C31FD5.23A13B50" = rel=3DFile-List><o:SmartTagType=20 name=3D"time"=20 namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT= ype> <STYLE>  </STYLE> </HEAD> <BODY lang=3DNL style=3D"tab-interval: 35.4pt" vLink=3Dblue link=3Dblue = bgColor=3Dwhite> <DIV>Thanks everyone! I don't use a = deep discount=20 broker (I use Schwab) and they don't have trailing stops as = an=20 option. 'Wish they did.....</DIV> <DIV>Chuck</DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 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">From:=20 <A title=3Dsderks@gmx.net href=3D"mailto:sderks@gmx.net">S=E9bastien = Derks</A>=20 </DIV> <DIV style=3D"FONT: 10pt arial">To: <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial">Sent: Wednesday, May 21, 2003 = 2:13=20 PM</DIV> <DIV style=3D"FONT: 10pt arial">Subject: RE: [CANSLIM] = STOPs</DIV> <DIV> </DIV> <DIV class=3DSection1> Chuck,<o:p></o:p> <o:p> </o:p> <o:p> </o:p> A=20 trailing stop works like this:<o:p></o:p> <o:p> </o:p> If=20 you put a stop at $9.50 (5% below $10.00) when having it stock bought = at=20 $10.00 then if the stock goes up to $11 then the stop will change to = $10.45=20 (5% below $11). It basically stays the same percentage under the new = high=20 reached. In case the stock drops then to $10.45 the stop order will be = executed because it only moves up when a new high is reached from the = point=20 that you bought it for.<o:p></o:p> <o:p> </o:p> <o:p> </o:p> S=E9bastien<o:p></o:p> <o:p> </o:p> <o:p> </o:p> <SPAN=20 lang=3DEN-US=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma; mso-ansi-language: = EN-US">-----Original=20 Message----- From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Chuck=20 Dreier Sent: = woensdag 21 mei=20 2003 <st1:time Minute=3D"5" Hour=3D"20">20:05</st1:time><FONT=20 face=3DTahoma size=3D2> <SPAN=20 style=3D"FONT-WEIGHT: bold">To:=20 canslim@lists.xmission.com <SPAN=20 style=3D"FONT-WEIGHT: bold">Subject: Re: [CANSLIM]=20 STOPs <o:p> </o:p> <DIV> <SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Please explain "trailing = stop". How is that different than the stop loss that I'm = familiar=20 with? Thanks....<o:p></o:p></DIV> <DIV> <SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: = Arial">Chuck<o:p></o:p></DIV> <DIV> <o:p></o:p></DIV> <BLOCKQUOTE=20 style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0cm; BORDER-TOP: = medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0cm; MARGIN: 5pt 0cm 5pt = 3.75pt; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0cm; BORDER-BOTTOM: = medium none"> <DIV> <SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">----- Original Message = - -----=20 <o:p></o:p></DIV> <DIV style=3D"font-color: black"> <FONT=20 face=3DArial size=3D2><SPAN=20 style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: = Arial">From:<FONT=20 face=3DArial size=3D2> <A=20 title=3Djeffwdc@yahoo.com = href=3D"mailto:jeffwdc@yahoo.com">jeffwdc</A>=20 <o:p></o:p></DIV> <DIV> <SPAN=20 style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: = Arial">To:<FONT=20 face=3DArial size=3D2> <A=20 title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= =20 <o:p></o:p></DIV> <DIV> <SPAN=20 style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: = Arial">Sent:<FONT=20 face=3DArial size=3D2>=20 Wednesday, May 21, 2003 1:24 PM<o:p></o:p></DIV> <DIV> <SPAN=20 style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: = Arial">Subject:<FONT=20 face=3DArial size=3D2> Re:=20 [CANSLIM] STOPs<o:p></o:p></DIV> <DIV> <SPAN=20 style=3D"FONT-SIZE: 12pt"><o:p> </o:p></DIV> Rolf, I asked a = similar question=20 a couple of months ago. Tom Worely posted a reply, but I regret = I can't=20 find his actual message -however I did print a hard copy. = On=20 3/20/03 Tom wrote: ...the normal procedure I use is to leave the=20 stop loss unchanged (from the 8% stop placed after purchase) = until I=20 am up at least 15%. At that point, I raise my limit to my = original=20 entry point (or aveerage price if multiple purchases). = After that,=20 I try to us a trailing stop 15% below the prior day (sometimes = the=20 closing price, sometimes the intraday high, depends on the chart, = stock,=20 fundies, how badly I want to take profits, etc.) Of course, = once=20 raised, the stop loss should NEVER be lowered. Also found = this=20 message from Tom written on 4/21/03: "I think any stop loss = price=20 should be selected after studying the chart, and considering your = entry=20 point. When I use hard stops, I like to put them just = under where I=20 see support, figuring if it goes thru short term support then it = could go=20 down a lot further. When I really don't want to be stopped = out,=20 and especially when I already have a nice profit, I tend to = use looser=20 stops." Jeff Gasta Note: I am now using a new e-mail=20 address. --- Rolf Hertenstein <<A=20 href=3D"mailto:rolfh@mindspring.com">rolfh@mindspring.com</A>>=20 wrote: > Just curious how folks manage their mental or = hard* >=20 STOPs on a broken-out stock that is behaving well > (gaining = steadily=20 over a few months with a few > 10-15% corrections). I'm=20 especially curious about > techniques people might use in this = market. > > A 'standard' technique uses a trailing STOP = at=20 xx% > below the currwnt price. Another technique I = have >=20 read about sets STOPs in relation to the 50 or 200 > DMA, with = the=20 hope that allowing the stock > relatively wide swings = ultimately leads=20 to big > gains, as long as the DMA is still rising. > = >=20 Any thoughts greatly appreciated. > > = Rolf >=20 __________________________________ Do you = Yahoo!? The New=20 Yahoo! Search - Faster. Easier. Bingo. <A=20 = href=3D"http://search.yahoo.com">http://search.yahoo.com</A> - = - -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>" -In= the=20 email body, write "subscribe canslim" or -"unsubscribe = canslim". Do=20 not use quotes in your=20 email.<o:p></o:p></BLOCKQUOTE></DIV></BLOCKQUOTE></BODY= ></HTML> - ------=_NextPart_000_000F_01C31FA8.1DA5AE70-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 14:06:42 -0500 From: "Katherine Malm" <kmalm@earthlink.net> Subject: RE: [CANSLIM] STOPs This is a multi-part message in MIME format. - ------=_NextPart_000_0020_01C31FA2.34C93370 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Tim, You're in luck...the newest version of Schwab's StreetSmartPro offers trailing stops! Click on the Help menu and search on "trailing stops" to find out how to set them up. Here's a screenshot for setting them: http://www.cwhcharts.com/katherine/TrailingStops.JPG Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Katona Sent: Wednesday, May 21, 2003 12:26 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] STOPs David, You mentioned: "Not too many platforms offer this feature and I dont know of any that hold it overnight." Do you know any platforms that do offer a trailing stop? I'm looking for exactly this and have not found any yet, but I have not checked out many platforms. I use Schwab Streetsmart Pro now, thinking of going to Cybertrader or Brown and Co. or if I find one with a trailing stop (ideally overnight) I would move to it. Thanks in advance, Tim -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart Sent: Wednesday, May 21, 2003 11:13 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] STOPs A trailing stop is like a ratchet. Foe instance if you set a $1.00 trailing stop every time the stock goes up $.01 the stop will move up $.01 as well. Not too many platforms offer this feature and I dont know of any that hold it overnight. Hope this helps, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chuck Dreier Sent: Wednesday, May 21, 2003 12:05 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] STOPs Please explain "trailing stop". How is that different than the stop loss that I'm familiar with? Thanks.... Chuck ----- Original Message ----- From: jeffwdc To: canslim@lists.xmission.com Sent: Wednesday, May 21, 2003 1:24 PM Subject: Re: [CANSLIM] STOPs Rolf, I asked a similar question a couple of months ago. Tom Worely posted a reply, but I regret I can't find his actual message -however I did print a hard copy. On 3/20/03 Tom wrote: ...the normal procedure I use is to leave the stop loss unchanged (from the 8% stop placed after purchase) until I am up at least 15%. At that point, I raise my limit to my original entry point (or aveerage price if multiple purchases). After that, I try to us a trailing stop 15% below the prior day (sometimes the closing price, sometimes the intraday high, depends on the chart, stock, fundies, how badly I want to take profits, etc.) Of course, once raised, the stop loss should NEVER be lowered. Also found this message from Tom written on 4/21/03: "I think any stop loss price should be selected after studying the chart, and considering your entry point. When I use hard stops, I like to put them just under where I see support, figuring if it goes thru short term support then it could go down a lot further. When I really don't want to be stopped out, and especially when I already have a nice profit, I tend to use looser stops." Jeff Gasta Note: I am now using a new e-mail address. --- Rolf Hertenstein <rolfh@mindspring.com> wrote: > Just curious how folks manage their mental or hard* > STOPs on a broken-out stock that is behaving well > (gaining steadily over a few months with a few > 10-15% corrections). I'm especially curious about > techniques people might use in this market. > > A 'standard' technique uses a trailing STOP at xx% > below the currwnt price. Another technique I have > read about sets STOPs in relation to the 50 or 200 > DMA, with the hope that allowing the stock > relatively wide swings ultimately leads to big > gains, as long as the DMA is still rising. > > Any thoughts greatly appreciated. > > Rolf > __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0020_01C31FA2.34C93370 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Tim,</DIV> <DIV> </DIV> <DIV>You're in luck...the newest = version of=20 Schwab's StreetSmartPro offers trailing stops! Click on the Help menu = and search=20 on "trailing stops" to find out how to set them up. Here's a screenshot = for=20 setting them:</DIV> <DIV> </DIV> <DIV><A=20 href=3D"http://www.cwhcharts.com/katherine/TrailingStops.JPG">http://www.= cwhcharts.com/katherine/TrailingStops.JPG</A></DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px"> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft>-----Original Message----- From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim=20 Katona Sent: Wednesday, May 21, 2003 12:26 PM To:=20 canslim@lists.xmission.com Subject: RE: [CANSLIM]=20 STOPs </DIV> <DIV><SPAN=20 class=3D578152118-21052003>David,</DIV> <DIV>You=20 mentioned: "Not too many platforms offer this feature and I dont know = of any=20 that hold it overnight." </DIV> <DIV><SPAN=20 class=3D578152118-21052003> </DIV> <DIV>Do=20 you know any platforms that do offer a trailing stop? I'm looking for = exactly=20 this and have not found any yet, but I have not checked out many = platforms. I=20 use Schwab Streetsmart Pro now, thinking of going to Cybertrader or = Brown and=20 Co. or if I find one with a trailing stop (ideally overnight) I would = move to=20 it.</DIV> <DIV><SPAN=20 class=3D578152118-21052003>Thanks in advance,</DIV> <DIV><SPAN=20 class=3D578152118-21052003>Tim</DIV> <DIV><SPAN=20 class=3D578152118-21052003> </DIV> <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px"> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft>-----Original Message----- From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of David=20 Taggart Sent: Wednesday, May 21, 2003 11:13 = AM To:=20 canslim@lists.xmission.com Subject: RE: [CANSLIM]=20 STOPs </DIV> <DIV>A=20 trailing stop is like a ratchet. Foe instance if you set a = $1.00=20 trailing stop every time the stock goes up $.01 the stop will move = up $.01=20 as well. Not too many platforms offer this feature and I dont = know of=20 any that hold it overnight.</DIV> <DIV><SPAN=20 class=3D122271118-21052003> </DIV> <DIV><SPAN=20 class=3D122271118-21052003>Hope this helps,</DIV> <DIV><SPAN=20 class=3D122271118-21052003>David Taggart</DIV> <BLOCKQUOTE style=3D"MARGIN-RIGHT: 0px"> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft>-----Original Message----- From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chuck = Dreier Sent: Wednesday, May 21, 2003 12:05 = PM To:=20 canslim@lists.xmission.com Subject: Re: [CANSLIM]=20 STOPs </DIV> <DIV>Please explain "trailing = stop". How is=20 that different than the stop loss that I'm familiar = with? =20 Thanks....</DIV> <DIV>Chuck</DIV> <DIV> </DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 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">From:=20 <A title=3Djeffwdc@yahoo.com = href=3D"mailto:jeffwdc@yahoo.com">jeffwdc</A>=20 </DIV> <DIV style=3D"FONT: 10pt arial">To: <A=20 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">Sent: Wednesday, May 21, = 2003 1:24=20 PM</DIV> <DIV style=3D"FONT: 10pt arial">Subject: Re: [CANSLIM] = STOPs</DIV> <DIV> </DIV>Rolf, I asked a similar question a couple = of=20 months ago. Tom Worely posted a reply, but I regret I can't=20 find his actual message -however I did print a hard = copy. =20 On 3/20/03 Tom wrote: ...the normal procedure I use is to = leave=20 the stop loss unchanged (from the 8% stop placed = after purchase)=20 until I am up at least 15%. At that point, I raise my = limit to=20 my original entry point (or aveerage price if multiple=20 purchases). After that, I try to us a trailing stop 15% = below=20 the prior day (sometimes the closing price, sometimes the=20 intraday high, depends on the chart, stock, fundies, how = badly I=20 want to take profits, etc.) Of course, once raised, the = stop=20 loss should NEVER be lowered. Also found this message = from Tom=20 written on 4/21/03: "I think any stop loss price should = be=20 selected after studying the chart, and considering your entry = point. When I use hard stops, I like to put them just = under where=20 I see support, figuring if it goes thru short term support = then it=20 could go down a lot further. When I really don't want to = be=20 stopped out, and especially when I already have a nice = profit, I=20 tend to use looser stops." Jeff Gasta Note: I am = now using=20 a new e-mail address. --- Rolf Hertenstein <<A=20 = href=3D"mailto:rolfh@mindspring.com">rolfh@mindspring.com</A>>=20 wrote: > Just curious how folks manage their mental or=20 hard* > STOPs on a broken-out stock that is behaving = well >=20 (gaining steadily over a few months with a few > 10-15%=20 corrections). I'm especially curious about > = techniques=20 people might use in this market. > > A 'standard' = technique=20 uses a trailing STOP at xx% > below the currwnt = price. =20 Another technique I have > read about sets STOPs in = relation to=20 the 50 or 200 > DMA, with the hope that allowing the = stock >=20 relatively wide swings ultimately leads to big > gains, as = long as=20 the DMA is still rising. > > Any thoughts greatly=20 appreciated. > > Rolf >=20 __________________________________ Do you = Yahoo!? The=20 New Yahoo! Search - Faster. Easier. Bingo. <A=20 = href=3D"http://search.yahoo.com">http://search.yahoo.com</A> - = - -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>" -In= =20 the email body, write "subscribe canslim" or -"unsubscribe=20 canslim". Do not use quotes in your=20 = email. </BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HT= ML> - ------=_NextPart_000_0020_01C31FA2.34C93370-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 21:07:54 +0200 From: =?iso-8859-1?Q?S=E9bastien_Derks?= <sderks@gmx.net> Subject: RE: [CANSLIM] STOPs This is a multi-part message in MIME format. - ------=_NextPart_000_0007_01C31FDD.0EE5CAC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Interactive Brokers offer this option. Know someone who uses it and is very happy with it. =20 - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chuck Dreier Sent: woensdag 21 mei 2003 20:49 To: canslim@lists.xmission.com Subject: Re: [CANSLIM] STOPs =20 Thanks everyone! I don't use a deep discount broker (I use Schwab) and they don't have trailing stops as an option. 'Wish they did..... Chuck - ----- Original Message -----=20 From: S=E9bastien Derks <mailto:sderks@gmx.net> =20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 21, 2003 2:13 PM Subject: RE: [CANSLIM] STOPs =20 Chuck, =20 =20 A trailing stop works like this: =20 If you put a stop at $9.50 (5% below $10.00) when having it stock bought at $10.00 then if the stock goes up to $11 then the stop will change to $10.45 (5% below $11). It basically stays the same percentage under the new high reached. In case the stock drops then to $10.45 the stop order will be executed because it only moves up when a new high is reached from the point that you bought it for. =20 =20 S=E9bastien =20 =20 - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chuck Dreier Sent: woensdag 21 mei 2003 20:05 To: canslim@lists.xmission.com Subject: Re: [CANSLIM] STOPs =20 Please explain "trailing stop". How is that different than the stop loss that I'm familiar with? Thanks.... Chuck =20 - ----- Original Message -----=20 From: jeffwdc <mailto:jeffwdc@yahoo.com> =20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 21, 2003 1:24 PM Subject: Re: [CANSLIM] STOPs =20 Rolf, I asked a similar question a couple of months ago.=20 Tom Worely posted a reply, but I regret I can't find his actual message -however I did print a hard copy. =20 On 3/20/03 Tom wrote: ...the normal procedure I use is to leave the stop loss unchanged (from the 8% stop placed after purchase) until I am up at least 15%. At that point, I raise my limit to my original entry point (or aveerage price if multiple purchases). After that, I try to us a trailing stop 15% below the prior day (sometimes the closing price, sometimes the intraday high, depends on the chart, stock, fundies, how badly I want to take profits, etc.) Of course, once raised, the stop loss should NEVER be lowered. Also found this message from Tom written on 4/21/03: "I think any stop loss price should be selected after studying the chart, and considering your entry point. When I use hard stops, I like to put them just under where I see support, figuring if it goes thru short term support then it could go down a lot further. When I really don't want to be stopped out, and especially when I already have a nice profit, I tend to use looser stops." Jeff Gasta Note: I am now using a new e-mail address. - --- Rolf Hertenstein <rolfh@mindspring.com> wrote: > Just curious how folks manage their mental or hard* > STOPs on a broken-out stock that is behaving well > (gaining steadily over a few months with a few > 10-15% corrections). I'm especially curious about > techniques people might use in this market. >=20 > A 'standard' technique uses a trailing STOP at xx% > below the currwnt price. Another technique I have > read about sets STOPs in relation to the 50 or 200 > DMA, with the hope that allowing the stock > relatively wide swings ultimately leads to big > gains, as long as the DMA is still rising. >=20 > Any thoughts greatly appreciated. >=20 > Rolf >=20 __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0007_01C31FDD.0EE5CAC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <html xmlns:v=3D"urn:schemas-microsoft-com:vml" = xmlns:o=3D"urn:schemas-microsoft-com:office:office" = xmlns:w=3D"urn:schemas-microsoft-com:office:word" = xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; = charset=3Diso-8859-1"> <meta name=3DProgId content=3DWord.Document> <meta name=3DGenerator content=3D"Microsoft Word 10"> <meta name=3DOriginator content=3D"Microsoft Word 10"> <link rel=3DFile-List href=3D"cid:filelist.xml@01C31FDD.0B905E30">  <style>  </style>  </head> <body bgcolor=3Dwhite lang=3DNL link=3Dblue vlink=3Dblue = style=3D'tab-interval:35.4pt'> <div class=3DSection1> Interactive Brokers offer this option. Know someone who uses it and is very happy = with it.<o:p></o:p> <o:p> </o:p> ---= - --Original Message----- From: = owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chuck Dreier Sent: woensdag 21 mei 2003 20:49 To: = canslim@lists.xmission.com Subject: Re: [CANSLIM] = STOPs <o:p> </o:p> <div> Thanks everyone! I = don't use a deep discount broker (I use Schwab) and they don't have = trailing stops as an option. 'Wish they = did.....<o:p></o:p> </div> <div> Chuck<o:p></o:= p> </div> <blockquote style=3D'border:none;border-left:solid black = 1.5pt;padding:0cm 0cm 0cm 4.0pt; margin-left:3.75pt;margin-top:5.0pt;margin-right:0cm;margin-bottom:5.0pt'= > <div> ----- Original Message = - ----- <o:p></o:p> </div> <div style=3D'font-color:black'> From: <a href=3D"mailto:sderks@gmx.net" title=3D"sderks@gmx.net">S=E9bastien Derks</a> = <o:p></o:p> </div> <div> To:<= /font> <a href=3D"mailto:canslim@lists.xmission.com" = title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a> <o:p></o:p> </div> <div> Sent:</span= > Wednesday, May 21, 2003 2:13 PM<o:p></o:p> </div> <div> Subject:</s= pan> RE: [CANSLIM] STOPs<o:p></o:p> </div> <div> <o:p> </o:p> </div> Chuck,<o:p></o:p> <o:p> </o:p> <o:p> </o:p> A trailing stop works like = this:<o:p></o:p> <o:p> </o:p> If you put a stop at $9.50 (5% below $10.00) when having it stock bought at $10.00 then if the stock goes up = to $11 then the stop will change to $10.45 (5% below $11). It basically stays = the same percentage under the new high reached. In case the stock drops then to = $10.45 the stop order will be executed because it only moves up when a new high = is reached from the point that you bought it = for.<o:p></o:p> <o:p> </o:p> <o:p> </o:p> S=E9bastien<o:p></o:p><= /p> <o:p> </o:p> <o:p> </o:p> ---= - --Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chuck Dreier Sent: woensdag 21 mei = 2003 20:05 To: = canslim@lists.xmission.com Subject: Re: [CANSLIM] = STOPs<o:p></o:p> <o:p> </o:p> <div> Please explain = "trailing stop". How is that different than the stop loss that I'm familiar with? Thanks....<o:p></o:p> </div> <div> Chuck<o:p></o:= p> </div> <div> <o:p></o:p> </div> <blockquote style=3D'border:none;border-left:solid black = 1.5pt;padding:0cm 0cm 0cm 4.0pt; margin-left:3.75pt;margin-top:5.0pt;margin-right:0cm;margin-bottom:5.0pt'= > <div> ----- Original Message = - ----- <o:p></o:p> </div> <div style=3D'font-color:black'> From: <a href=3D"mailto:jeffwdc@yahoo.com" title=3D"jeffwdc@yahoo.com">jeffwdc</a> <o:p></o:p> </div> <div> To:<= /font> <a href=3D"mailto:canslim@lists.xmission.com" = title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a> <o:p></o:p> </div> <div> Sent:</span= > Wednesday, May 21, 2003 1:24 PM<o:p></o:p> </div> <div> Subject:</s= pan> Re: [CANSLIM] STOPs<o:p></o:p> </div> <div> <o:p> </o:p> </div> Rolf, I asked a similar question a couple of months ago. Tom Worely posted a reply, but I regret I can't find his actual message -however I did print a hard copy. On 3/20/03 Tom wrote: ...the normal procedure I use is to leave the stop loss unchanged (from the 8% stop placed after purchase) until I am up at least 15%. At that point, I raise my limit to my original entry point (or aveerage price if multiple purchases). After that, I try to us a trailing stop 15% below the prior day (sometimes the closing price, sometimes the intraday high, depends on the chart, stock, fundies, how badly I want to take profits, etc.) Of course, once raised, the stop loss should NEVER be lowered. Also found this message from Tom written on 4/21/03: "I think any stop loss price should be selected after studying the chart, and considering your entry point. When I use hard stops, I like to put them just under where I see support, figuring if it goes thru short term support then it could go down a lot further. When I really don't want to be stopped out, and especially when I already have a nice profit, I tend to use looser stops." Jeff Gasta Note: I am now using a new e-mail address. - --- Rolf Hertenstein <<a = href=3D"mailto:rolfh@mindspring.com">rolfh@mindspring.com</a>> wrote: > Just curious how folks manage their mental or hard* > STOPs on a broken-out stock that is behaving well > (gaining steadily over a few months with a few > 10-15% corrections). I'm especially curious about > techniques people might use in this market. > > A 'standard' technique uses a trailing STOP at xx% > below the currwnt price. Another technique I have > read about sets STOPs in relation to the 50 or 200 > DMA, with the hope that allowing the stock > relatively wide swings ultimately leads to big > gains, as long as the DMA is still rising. > > Any thoughts greatly appreciated. > > Rolf > __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. <a href=3D"http://search.yahoo.com">http://search.yahoo.com</a> - - - -To subscribe/unsubscribe, email "<a = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</a>"<b= r> - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your = email.<o:p></o:p> </blockquote> </blockquote> </div> </body> </html> - ------=_NextPart_000_0007_01C31FDD.0EE5CAC0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #3321 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.