CANSLIM - COAST TO COAST Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : CANSLIM - COAST TO COAST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Chapman who wrote (5896)	3/3/2000 12:08:00 PM
From: Jeff Mulder	of 6445

IKOS is doing alright today. So it may yet honor the CANSLIM name. It is very frustrating to watch a stock base perfectly (or nearly perfectly), buy it on the breakout, and then have the breakout fail. But it happens. For me, the best way to handle these situations is to objectively apply my stop loss strategy. Another opportunity always comes along. At these times, I remember the words of Ed Seykota: "Losing a position is aggravating, whereas losing your nerve is devastating." The cup-and-handle pattern isn't all that common. I've modified my CANSLIM strategy to buy breakouts from a variety of bases. For me, the range and length of the base is more important than the shape. For example, today I bought TLCM, which is breaking out from a 2-month flat base. DITC made a textbook cup-and-handle pattern before breaking out a few days ago. - Jeff

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next