Trade recap for February 24th

Tim Sykes nailed his shorts on IFLG today and subscribers to his TimAlerts trade alert service did well too. I messed it up, of course, but still profited. I remain short 3000 shares of IFLG overnight.

Daily profit: $2,879.54

Disclosure: Long 2200 AMOK and short 3000 IFLG. No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

6 thoughts on “Trade recap for February 24th”

  1. i’d follow you too but no capital.. If I don’t get in tomorrow, i wont at all..

    one question.. why not use a Trailing stop or StopLimits and move it up everyday?… that way when it does the fake drops you’ll get out with profits. I think its safer than just staring at the computer…

    1. with NXTH it did not drop more than 2 cents or so at any time before the final death drop. When that comes it will be impossible to get out. So the key is to get out before then.

  2. The key to your trades is that you are making money. That is all that matters.

    Your trading skills are just plain awful. Your entry and exits can mostly just be described as terrible and lucky. Yet somehow you still manage to make money. Quite a curious case !!!

    Tim Sykes is a 10/10 in terms of skills, whereas you would hardly rank over a 2/10. But as long as you are still making money, keep it up.

    1. Certainly not lucky … after 1.5 years of day-trading and 2.5 years of trading to be profitable has very little to do with luck. And I think I’m above a 2/10.

    2. I’m not sure where you are forming your opinion, but Reaper’s entries and exits certainly are not lucky. Unless you were trading during the NASDAQ bubble of the 90’s, someone who is consistently profitable after 2.5 years of trading is a skilled trader, not a lucky one.

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