Comments on: Update on trading Tim Sykes’ system

By: Update on trading like Tim Sykes: $101,000 in profits « Reaper Trades

Update on trading like Tim Sykes: $101,000 in profits « Reaper Trades — Sun, 31 Jan 2010 17:56:30 +0000

[...] with Tim Sykes, I suggest reading The truth about Tim Sykes from a former critic, followed by my Update on trading Tim Sykes’ system, and Making money by buying stocks on my watchlist. I first started trading like Tim Sykes in June [...]

By: Reaper

Reaper — Mon, 05 Oct 2009 14:14:53 +0000

jj – I was responding to that question. I’ll tell you that my accounts were probably around $350k then. But that doesn’t mean much. While my TimProfits are small in relation to that, my total return in 2008 for example was significantly over 50%. For all my trading strategies my percentage returns will be lower than they could be because my goal is to maximize my dollar profits, hence I keep way more cash in my accounts than I need.

By: jj

jj — Mon, 05 Oct 2009 04:25:53 +0000

nooo when you started using Tim Strategy , what was your account size? Type your comment here

Reaper : That is not really a valid question. This is only one of a few different trading strategies I employ, and most of the time I trade it with small position sizes relative to my account size; for many penny stocks the liquidity is such that I cannot take a big position even if I want to do so. My largest position size was $100,000, which I have only used a few times. My account is obviously larger than that. See my trading profits page: http://www.reapertrades.com/trading-profits/

By: Reaper

Reaper — Sun, 04 Oct 2009 01:54:43 +0000

That is not really a valid question. This is only one of a few different trading strategies I employ, and most of the time I trade it with small position sizes relative to my account size; for many penny stocks the liquidity is such that I cannot take a big position even if I want to do so. My largest position size was $100,000, which I have only used a few times. My account is obviously larger than that.

See my trading profits page: http://www.reapertrades.com/trading-profits/

By: jj

jj — Sun, 04 Oct 2009 00:05:34 +0000

What is your initial investment?

By: Jamal Chahboune

Jamal Chahboune — Fri, 02 Oct 2009 13:27:09 +0000

preston, i beat you…..

LOTFWMHUACA

By: Island Minister

Island Minister — Fri, 02 Oct 2009 02:10:56 +0000

I know that chart Reaper- you, my friend, are a BREAKOUT!

By: Lakelife

Lakelife — Fri, 02 Oct 2009 01:32:13 +0000

I had the same feelings as poster #2 re: IU.

The twitter read.. 90% gains on stock X since chat alert. Gratz on 40% gain on stock Y from our chat alert. HUGE alert on stock Z, we are up etc, etc.

Figure I’d try the site out.

Been looking at the chat for a couple days now, and it’s been a little confusing. Mostly because anything that is moving has an alert.

I decided to get my feet wet and trade a couple stocks the room looked hot on. Now I’m down 25% on today’s chat.

Keep up the good work on your blog Reaper. Not sure if IU is worth the high monthly fee.

By: Reaper

Reaper — Fri, 02 Oct 2009 00:23:48 +0000

Oh, and don’t worry, I always treat Lady Reaper generously. Of course it is her stable job that allows me to indulge myself by playing with stocks, and her earnings are not inconsequential.

By: Preston

Preston — Fri, 02 Oct 2009 00:22:08 +0000

ROTFLMAO