Page 1109 - How to Make Money in Stocks Trilogy

Simple Routines for Finding Winning Stocks 95

More Routines by Successful CAN SLIM Investors
You can learn about the investing routines of other CAN SLIM investors by
reading my radio show co-host Amy Smith’s book, How to Make Money in
Stocks—Success Stories. I think you’ll agree it’s a very inspiring and infor-
mative read.

Have a Selling Plan in Place Before You Buy
I encourage you to jump right in and start using these routines, but with one
important caveat: Don’t buy any stocks until you’ve gone through the Selling
Checklist chapter. Buying stocks without having a selling game plan is like
driving a car with no brakes—very exciting at first, not so pleasant at the
end!
So be sure to go through the Selling Checklist and understand basic sell
rules before you invest.

Always Stick to Your Routine—Even in a Market Downtrend
I’m repeating this point because it’s extremely important: One of the
biggest mistakes you can make is to walk away and stop doing your rou-
tine just because the market is currently in a correction. That’s how you
miss the next big winners.
The best stocks form bases during a market correction then shoot
out of the gate right when a new uptrend begins.
If you want to catch the next crop of leaders—and cash in on the big
profits they deliver—keep doing your routine even when (in fact, espe-
cially when) the Market Pulse says “Market in correction.”
Snooze, You Lose—Stay Awake, You Rake (In the Profits)

To see mini case studies of why it’s so important—and profitable—to
always stay engaged with the market, see “Finding Winners Using the
Simple Weekend Routine” later in this chapter.

Have You Started Your Free Trial of IBD?
To start your free trial and get access to the tools in these routines, visit
www.investors.com/GettingStartedBook. You’ll also find short videos that
walk you through each step of the daily and weekend routines.