Comments on: Covestor Is Now Open To Everyone: Sign-Up Or Die! (Credibility-wise) http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/ How To Trade Penny Stocks Without The Stock Promoter BS Thu, 09 Feb 2012 06:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: PCola http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/comment-page-2/#comment-48055 PCola Mon, 23 Jun 2008 14:13:41 +0000 http://www.test.timothysykes.com/?p=1455#comment-48055 In case anyone was wondering, the answer to my question, according to covestor customer service, is that position size is not used in the calculation. In other words, if I buy $100 of a stock that double, and $10,000 of a stock that goes down 10%, their stats would show me as having a 90% gain (100%-10%), and not a loss. I will join covestor if/when this gets fixed, but because I play such a huge variety of types of plays, position size is very relevant to how I trade. For me it would more likely be the opposite effect of my example, in that I may make 20 "normal-sized" trades and average 5% return, and lose 50% on two tiny penny stock gambles, and it would show my return as 0%, even though I'd probably be up 80%. I do like the concept a lot, but this is a fairly big issue for me. Just an FYI about how they do their calcs. In case anyone was wondering, the answer to my question, according to covestor customer service, is that position size is not used in the calculation. In other words, if I buy $100 of a stock that double, and $10,000 of a stock that goes down 10%, their stats would show me as having a 90% gain (100%-10%), and not a loss. I will join covestor if/when this gets fixed, but because I play such a huge variety of types of plays, position size is very relevant to how I trade. For me it would more likely be the opposite effect of my example, in that I may make 20 “normal-sized” trades and average 5% return, and lose 50% on two tiny penny stock gambles, and it would show my return as 0%, even though I’d probably be up 80%. I do like the concept a lot, but this is a fairly big issue for me.

Just an FYI about how they do their calcs.

]]> By: PCola http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/comment-page-2/#comment-68738 PCola Mon, 23 Jun 2008 14:13:41 +0000 http://www.test.timothysykes.com/?p=1455#comment-68738 In case anyone was wondering, the answer to my question, according to covestor customer service, is that position size is not used in the calculation. In other words, if I buy $100 of a stock that double, and $10,000 of a stock that goes down 10%, their stats would show me as having a 90% gain (100%-10%), and not a loss. I will join covestor if/when this gets fixed, but because I play such a huge variety of types of plays, position size is very relevant to how I trade. For me it would more likely be the opposite effect of my example, in that I may make 20 "normal-sized" trades and average 5% return, and lose 50% on two tiny penny stock gambles, and it would show my return as 0%, even though I'd probably be up 80%. I do like the concept a lot, but this is a fairly big issue for me. Just an FYI about how they do their calcs. In case anyone was wondering, the answer to my question, according to covestor customer service, is that position size is not used in the calculation. In other words, if I buy $100 of a stock that double, and $10,000 of a stock that goes down 10%, their stats would show me as having a 90% gain (100%-10%), and not a loss. I will join covestor if/when this gets fixed, but because I play such a huge variety of types of plays, position size is very relevant to how I trade. For me it would more likely be the opposite effect of my example, in that I may make 20 “normal-sized” trades and average 5% return, and lose 50% on two tiny penny stock gambles, and it would show my return as 0%, even though I’d probably be up 80%. I do like the concept a lot, but this is a fairly big issue for me.

Just an FYI about how they do their calcs.

]]> By: Say Hello To The Most Popular Member On Covestor: Timmay! | TIM - Timothy Sykes http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/comment-page-2/#comment-48054 Say Hello To The Most Popular Member On Covestor: Timmay! | TIM - Timothy Sykes Fri, 20 Jun 2008 14:51:37 +0000 http://www.test.timothysykes.com/?p=1455#comment-48054 [...] yet just one day after Covestor opened up to everyone, I am now the most popular trader/investor (see rankings HERE) and by a healthy margin. Disney is [...] [...] yet just one day after Covestor opened up to everyone, I am now the most popular trader/investor (see rankings HERE) and by a healthy margin. Disney is [...]

]]> By: Say Hello To The Most Popular Member On Covestor: Timmay! | TIM - Timothy Sykes http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/comment-page-2/#comment-68737 Say Hello To The Most Popular Member On Covestor: Timmay! | TIM - Timothy Sykes Fri, 20 Jun 2008 14:51:37 +0000 http://www.test.timothysykes.com/?p=1455#comment-68737 [...] yet just one day after Covestor opened up to everyone, I am now the most popular trader/investor (see rankings HERE) and by a healthy margin. Disney is [...] [...] yet just one day after Covestor opened up to everyone, I am now the most popular trader/investor (see rankings HERE) and by a healthy margin. Disney is [...]

]]> By: timothysykes http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/comment-page-2/#comment-48053 timothysykes Fri, 20 Jun 2008 00:10:31 +0000 http://www.test.timothysykes.com/?p=1455#comment-48053 new post: http://www.test.timothysykes.com/timsykes/2008/06/19/for-you-intellectuals-out-there-this-describes-yahoo-inc-yhoo/ new post:

http://www.test.timothysykes.com/timsykes/2008/06/19/for-you-intellectuals-out-there-this-describes-yahoo-inc-yhoo/

]]> By: timothysykes http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/comment-page-2/#comment-68736 timothysykes Fri, 20 Jun 2008 00:10:31 +0000 http://www.test.timothysykes.com/?p=1455#comment-68736 new post: http://www.test.timothysykes.com/timsykes/2008/06/19/for-you-intellectuals-out-there-this-describes-yahoo-inc-yhoo/ new post:

http://www.test.timothysykes.com/timsykes/2008/06/19/for-you-intellectuals-out-there-this-describes-yahoo-inc-yhoo/

]]> By: Rambone http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/comment-page-2/#comment-48052 Rambone Thu, 19 Jun 2008 19:45:17 +0000 http://www.test.timothysykes.com/?p=1455#comment-48052 PDO down 10 points now from highs. Only problem with small oils is lack of shares to short. They are more in demand than a Victorias Secret model. Anyone short MXC or PDO? PDO down 10 points now from highs. Only problem with small oils is lack of shares to short. They are more in demand than a Victorias Secret model. Anyone short MXC or PDO?

]]> By: Rambone http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/comment-page-2/#comment-68735 Rambone Thu, 19 Jun 2008 19:45:17 +0000 http://www.test.timothysykes.com/?p=1455#comment-68735 PDO down 10 points now from highs. Only problem with small oils is lack of shares to short. They are more in demand than a Victorias Secret model. Anyone short MXC or PDO? PDO down 10 points now from highs. Only problem with small oils is lack of shares to short. They are more in demand than a Victorias Secret model. Anyone short MXC or PDO?

]]> By: Kris http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/comment-page-2/#comment-48051 Kris Thu, 19 Jun 2008 19:42:40 +0000 http://www.test.timothysykes.com/?p=1455#comment-48051 No watched PDO all day. up and down. Good description Rambone.. No watched PDO all day. up and down.
Good description Rambone..

]]> By: Kris http://www.timothysykes.com/2008/06/covestor-is-now-open-to-everyone-sign-up-or-die-credibility-wise/comment-page-2/#comment-68734 Kris Thu, 19 Jun 2008 19:42:40 +0000 http://www.test.timothysykes.com/?p=1455#comment-68734 No watched PDO all day. up and down. Good description Rambone.. No watched PDO all day. up and down.
Good description Rambone..

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