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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (1800)	7/12/1999 9:00:00 PM
From: JB2	Read Replies (2) \| Respond to of 18137

Steve, I think TSCM is going to do fine until the lock up on the founders' stock is over. Then it's take the money & run time. You are right about the stock threads. They're cults, no objectivity tolerated. I noticed a new thread started this week, centered on the topic of using William O'Neill's CANSLIM method. Do you have any experience using the 7 canslim criteria? I skimmed O'Neill's book several years ago, and have followed it very loosely every since. He advocates cutting losses at around 7%, and that I follow. But for daily trading, I don't know if his other edicts are of much use. He quotes Livermore: "It never is your thinking that makes big money, it's the sitting." Obviously not a daytrader's mantra.