Five tips from a trader who earned 197% in 2008 - Timothy Sykes

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Five tips from a trader who earned 197% in 2008
Jan 15, 2009 05:30 PM UTC

Timothy Sykes

Return	Risk
-22.46%	MID

Tracked Blogger

Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
GOOG		01/15/09	-17.43%	02/18/09
GS		01/15/09	-134.86%	--
BAC		01/15/09	+44.23%	02/18/09
JPM		01/15/09	-80.24%	--
S		01/15/09	-23.58%	--
GE		01/15/09	+20.92%	02/18/09
AAPL		01/15/09	-13.73%	02/18/09

Via BloggingStocks:

Filed under: Google (GOOG), Apple Inc (AAPL), General Electric (GE), JPMorgan Chase (JPM), Sprint Nextel Corp (S), Bank of America (BAC), Goldman Sachs Group (GS), Stock screen, Stocks to Sell

t's been a long time since I wrote here, mainly because I've been busy busting my butt---I was up 197% in 2008, every trade detailed HERE for your learning pleasure, becoming the #1 ranked trader, out of 15,000+ on Covestor.com and growing my blog's monthly income to over $80,000+----so yes, 2008 was a very very good year for me.

Here are five tips I'd like to pass on to help you in 2009:

1. Be honest and admit mistakes quickly. Too many people in finance these days are having problems fessing up and it not only hurts their reputation. It hurts their business and performance too!

2. Learn from your mistakes---even more important than admitting them, you must take it to the next level and learn, unlike value investors who just keep adding to their losing positions in Bank of America (NYSE: BAC), General Electric Co. (NYSE: GE) and Goldman Sachs Group (NYSE: GS).

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Five tips from a trader who earned 197% in 2008 originally appeared on BloggingStocks on Thu, 15 Jan 2009 12:30:00 EST. Please see our terms for use of feeds.

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