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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: D VanSwol who wrote (4356)	3/24/1998 12:39:00 PM
From: OldAIMGuy	Respond to of 18928

Hi Dennis and welcome!, Yes, many of us here update weekly, because we are using the same software for our AIM programs - Newport. It has us update the prices weekly, and since its files are tiny, it's not much of a burden for the computer. The reason most of us report our trades as a percentage of our position is to keep the actual size of our accounts confidential. 10% of one person's account might be 50 shares and might be 500 shares of another's. Mr. Lichello suggests that AIM will work well no matter what size the account is, and in fact, the principles don't change. One of the luxuries of Newport is that it tells you at what price the next buys and sells will occur based upon your own minimums for trading. This lets us contact our brokers and place the orders in advance on a good until cancelled basis. Then our time is free to do other things. The brokerage will take care of that "first order" for us. Then, when we do get a trade and report it to the Newport software, it gives us the next buy and sell prices based upon that new data. I can't tell you if once per week is often enough or too often to update, but once per month seems too slow any more. When I started AIM over 10 years ago, it was a burden to do the calculations "longhand" for several stocks, but the computer took care of that. Also, ten years ago I couldn't find a soul that knew what AIM was!! Now we have this Users Group and that helps a lot. So many of our questions are common to each other's experience, even if we trade different stocks and funds. Take some time at the AIM Users home page ( execpc.com ) and especially the AIM FAQ page and the Dictionary page. There you will find several references to the minor changes we've made to the basic AIM algorithm. In Question #8, you'll find information on splitting the SAFE value in to two separate pieces and what we term a "vealie" as well. Again, welcome to the AIM family. Most here have decided that "Get Rich Steadily" is better than "Get Rich Quickly!" As investors, there's plenty of folks here that have rich experience in many areas and there's also a pretty deep reservoir of support and info on the best use of AIM. Best regards, Tom