Message Font: Serif | Sans-Serif
No. of Recommendations: 1
The investing strategy that is pretty close to what you are talking
about is the CANSLIM strategy from O'Neil, founder of Investors
Business Daily. He advocates getting rid of a stock if it has
fallen 7 or 8% from your buy in point.

CANSLIM is a strategy that combines fundamental analysis and
technical (charting) methods.
Here is the link to his book.

I personally have a very different strategy. I used stop loss orders,
but found they always stopped me out at exactly the wrong time.
Now, if I am bullish about the company I buy, and if I am bearish
about the company I sell. Other than that I mostly ignore short term
market action unless it looks like it is giving me a buying opportunity.

Chris - long lots of stuff including CMG-B, JNJ and VLO
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.