Excellent question!
When I briefly issued recommendations at Trading Places, between March 16 and June 27, 2000, I made on average 2-3 recommendations per day, which relative to Rea's rapid-fire recommendations, in and out all day long, was "long-term trading," I used to make jokes about that, which Rea likely did not appreciate. I advised once-in, once-out, no double-dipping re-entries in the same "play.". You'll note at my own site some days I made no calls, period, some days there just was nothing good and unwise to not be patient and wait for the good trade to come along, which takes discipline. If the calls I made at TP (and later) turned against quickly then I would recommend a clear, immediate exit and no more trades in that stock. Otherwise, I'd encourage everyone to hold on for the largest possible gain, not take some profits after a small gain. Rea would berate me constantly for not issuing enough securities recommendations. During lunch he would say, "Are you asleep?" I'd say, "No, but the market is." He'd then demand I make recommendations and I refused, saying I wasn't go to make recommendations just for the sake of recommendations, it was my duty to do my best to provide high quality, profitable calls to TP members. I wondered why he demanded a larger volume of recs. Only later did I learn just why: the kickback arrangements.
How many calls did skibum make? |
