Trade recap for red Friday: Let the dumps commence!
Good day. Unusually for me I am holding two positions over the weekend.
Daily profit: $975.50
Weekly profit: $4,559.31
12 thoughts on “Trade recap for red Friday: Let the dumps commence!”
You are a good SCALPER of pennystocking world!
It seems easy…but it is not for all.
After the chart is formed everything is easy, trading realtime is difficult, even if we learn same strategy.
How do you recommend to learn? PaPertrading?
I recommend paper-trading until a person is comfortable with a strategy. Then, they should trade with real money but not increase position size until they are consistently profitable.
vset: you are right…after the fact it looks so easy. I wish I could trade i the center of the chart instead of the right hand side!
GL .. and yes, congrats to the Reaper!
I have an urge to register the domain name http://www.tradethecenterofthechart.com 🙂
For just 5 easy payments of $379.99 I can show you how!
5 payments for what?
very easy watching the historic.
Papertrading is also very easy MG… Smaller account maybe better.
MG: What was you maximum DrawDown since you trade?
My maximum draw-down was $100k, twice.
Oh, for my imaginary website, http://www.tradethecenterofthechart.com/ — it was just a bad joke.
200k with your first investment strategy? not with pennystocking…
Were these 200k profits from market?
Not $200k — $100k twice. Once in May 2008 with my fundamental shorting (although at the time I was up over $250k in the previous year) and once in February 2009 with my super secret trading strategy (I was up $80k from that and then had a $100k drawdown; that strategy basically broke even in 2009).
Just got an email from Bestdamnpennystocks, the pumper of ECOB:
Feeling really good about my 30k short of ECOB now!