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Quite often you see me bragging about my rack record and when an academic site like CXO Advisory does a great rundown on the merits of my strategy, but much more do I enjoy learning about how my PennyStocking DVD students and subscribers to my now 4 newsletters perform…

First there’s this pretty chart of one of my students up $100,000ish (now he’s over $120,000 in profits)

And of course there was the account performance chart of this TIMalert subscriber up $23,000+

Now thanks to this new post, we discover there’s yet another one of my students who is up solidly, if not hugely (started with a small account, stuck under the PDT rule):

His winning percentage is just over 72% compared to my 75%…pretty telling methinks.

I have been trading using methods taught by Sykes (with some of my own little tweaks here and there) since I started this blog in June 2008. However, I never really kept track of my performance using his system. Back in September of 2009, I discovered that the TradePerformance Lite software, which I use to track my trades, has the ability to break performance down by different trading strategies. So, starting September 18th of 2009, I started categorizing my trades into various strategies, including different strategies taught by Sykes. These strategies include: buying breakouts (separated into morning and afternoon), shorting over-extended run-ups (separated into both morning and afternoon), shorting pump and dumps, and his TIMalerts service.

I have been experimenting with a variety of trading strategies, but so far, Sykes’s system has by far been the best performing for me. In fact, my Interactive Brokers account, in which about 90% of my trades have been in Sykes’s style, is now up 76% since April of last year, and I’m hampered by the pattern day trading rule in that account.

Here are the statistics for the trades. You can see my overall trade win % is 72.3%, and my ratio of gains to losses is 3.69. At one point I had 17 winning trades in a row, and I’ve only had 6 losers in a row. One thing to keep in mind about the TradePerformance software is that if you scale in and out of positions like I do, it will count those as separate trades. For example, in my last SIRI trade, I scaled in at 0.795, 0.8101, and 0.802, and then took my profits at 0.8593 and 0.857. TradePerformance counted this as 3 winning trades. So my 17 winning trades in a row is not going to be 17 winning positions in a row….it will be less than that.

Another thing to keep in mind is that these stats don’t include trades where I broke my trading rules. The reason I keep trading statistics is to know if there is an edge to a particular strategy. However, if I break a trading rule that is related to a particular strategy, then it’s not the fault of the strategy….it’s my own fault.

Convinced yet? These success stories will keep coming, especially since my #1 rule is to cut losses quickly, making it rather difficult to mess up much.

Tags: Success Stories, Testimonials