Comments on: Update on trading like Tim Sykes: $101,000 in profits

By: Update on trading like Tim Sykes: $120,000+ in profits « Reaper Trades

Update on trading like Tim Sykes: $120,000+ in profits « Reaper Trades — Fri, 15 Jan 2010 17:53:30 +0000

[...] out my last update on my Sykes-related trading profits. Also, for detailed trade statistics, check out my trading [...]

By: Reaper

Reaper — Tue, 01 Dec 2009 20:41:33 +0000

Almost every day I have watchlists. I’ve only missed a couple days over the last few months.

By: michael blair

michael blair — Tue, 01 Dec 2009 20:40:01 +0000

Michael:Congratulations.I like hearing what you have to say and an inspired by your trades and honesty.Do you give watchlist every day,have only checked infrequently?Would like to ask more questions if permitted.Michael.

By: Reaper

Reaper — Thu, 12 Nov 2009 14:24:23 +0000

See comment #15.

By: Reaper

Reaper — Thu, 12 Nov 2009 14:23:13 +0000

Not a ton of time has to be put into it. That is all I’ll say.

By: Mark

Mark — Thu, 12 Nov 2009 09:53:16 +0000

Reaper how much did you start trading with 6/18/08? what roughly did your account balances from 6/18/08 – 8/18/08 (the fist two months)?

By: trivto57

trivto57 — Thu, 12 Nov 2009 07:32:21 +0000

Is your ‘other strategy’ mechanical or discretionary? In either case, how much time has to be put into it on a daily basis? Research, backtesting, or the trading itself.

I know its a secret but surely those questions don’t reveal much I do want to tinker with non-penny stock strategies in the future, if I have the time and ambition.

By: Reaper

Reaper — Thu, 12 Nov 2009 01:24:33 +0000

Josh – I said above multi-hundred-thousand-dollar. I don’t know exactly because I’ve had a ton of brokerage accounts and I always moved money into and out of my accounts. But pennystocking is not a very scalable strategy, so I would not have much more profit if I’d been trading with $1m. There are relatively few good opportunities in this niche where a trader can easily swing a $100k+ position. I don’t even trade as large as I should because I like to reduce my return volatility and I am not greedy. I only keep my brokerage account so large because of my super-secret trading strategy.

By: Josh

Josh — Thu, 12 Nov 2009 00:52:21 +0000

What kind of account did you start out with (in $)?

By: Victor

Victor — Wed, 11 Nov 2009 23:10:24 +0000

ok great i was looking into interactive brokers the most, thank you