Here is the link.
An interview with David Ryan in 1990.
- Set stop loss, maximum 7%
- Do not rationalize - come out thousands of excuses
- Another 50% drop - Try to cut as quickly as possible
- Discipline - how to discipline
- Move up to the point
- Narrow down a few strong companies - best stocks in the market
- How to select stocks? Have you read the books called CANSLIM?
- Above market - SP 500 - PE ratio - above average SP 500
- Eliminate high PE ratio - 30, 40 times of earnings, or 100 times of earnings before it makes move
- Timing has to be better - Market gets trouble - a year or two down in the road, economy slows down - 15 times of earnings
- CANSLIM -
- Average person - use the formula
- Takes time - two years to get to know when to buy stocks, trial and errors -
- Put into a lot of times
- 7% loss rule - Seminar - Listen to the tape - 7% stop loss
- 76 - stop by 7%, but after the stop, price continued to drop frrom 72 dollars to 18 dollars, majority of capital -
- Why I make the investment?
- University of wall street - market - tuition - valuable lessons
- Ready to graduate? cut mistakes - profitable situation
- Tips to share:
- 14:20 Low price stock, 10 dollars stock - avoid buy, most institution cannot buy stock below 10 dollars stock
- Majority of stock $15 - $30 dollars / share
- Make best decision when you make your own decision
- Market order - 25 cents/ share,
- Sell side - Do not ask any question
- 1982 - $15, $14.75 - cannot buy - $15 -> $45/ share, too gready, miss -.25, market order
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