Replies to post #1391 on A.I.M. Users Bulletin Board (AIMUSERS)

[The Grabber]

husk:

I don't have my book with me, but Lichello always said that an AIMer could do their checkup as often as they wanted. But he did recommend monthly as being his preference since he felt there were better things to do with one's time.

If you use a GTC approach, then your checkup is automatic! Even intraday! I've done this this most of the time. The newer wrinkle is that you might not enter the next GTC's until a week goes by (especially after a buy).

Given all the chatter around here lately about managing one's cash reserve in a downward trending market, this must be a current issue for everyone, with about that many opinions as well it seems.

Anyway, I think that you have to be comfortable with whatever you decide. That is the main consideration IMO.

Frankly, I think we all get a little anal about being BTB or using the strict 'Lichello' model, etc. It's not the Bible for gosh sakes!

It's like the 'guy thing' I mentioned in an earlier post. We just can't help fiddling around with this thing!

Regards, Steve

[extelecom]

Husk, I believe everyone here is a closet daytrader... Personally I think if you can sell, do it! If it says buy, maybe wait a day or three!

JMHO

ET

[Conrad]

Hello Husk,

Your question is of course a legitimate one, but the essence is that for this issue you do not have to look at your AIM...you just need to follow the stock market, and if the stocks move beyond what you expected you can run to you Aim( or to your Broker) and initiate a sell or a buy on the large move. It is even OK that you as an AIMer would use the system as a Day Trader. If you only look at the stocks once per day you could miss a big move during that day. All you need to do is to tie you AIM Program into a live stock price provider.

As to your question about the Bigger Profit on Tomorrow's Price, that is a problem for any trader and is not an AIM problem. It is an Investment Problem.

Waiting for a Big Kill that happens once in a while is one way and taking regularly small profits the AIMWAY....Not to be confused with AMWAY!!!!

Conrad

[OldAIMGuy]

Hi Husk, I see you've been amply served with suggestions already! Thanks everyone. I hope your trade is made as you desire.

Generally I use GTC orders on the Sell side and let them fill as often as they will. What size order you choose for your Good 'til Cancelled orders is your own choice.

Steve G. uses 5% of Portfolio Control for his minimum order size. There's a very subtle effect on the Buy side after multiple buys of expanding the size of the minimum trade with each successive buy. Not a bad plan.

When AIM's in the Sell Mode the PC is constant and therefore the size of the min. order stays constant.

I like "realized gains" much better than the type that evaporate. I also like lots of Purchasing Power on hand. (right now there's not much left at VIEW!) So, I consider the selling of equity to be a good thing.

I tend not to look back after selling something profitably. If the profits meet my business objectives, that's what counts.

On the buy side I'm a bit more conservative.

Best regards, Tom