Trade of the Week, Lehman Short For 95.8% Return
This week I stumbled upon an investor who had the Lehman Brothers bankruptcy called at $8.15 and shorted the whole way down to pennies. How do I know? I tracked his live trades for free on Covestor.com.
For those who have never heard of Covestor, we are a site where you can track, watch, and even replicate the portfolios of proven self investors. Proven comes from the fact that performance is backed by the actual results in your live portfolio, not a simulated environment.
The member I am speaking of is “Gagnon” and you can view is Covestor profile here. Below is a screenshot of all his actual trades he made with Lehman (Note: the share numbers are based on a simulated $1million dollar portfolio. Covestor does not publicly share actual trade sizes):
Gagnon’s actual return from his original short price of $8.15 was 95.8%.
Did you or anyone you know have a trade this huge this week? Share your story below.
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While these after the fact trades provide examples of what is posible, they are no way a complete trading strategy/system. To be successful at this game you need to test an develope a method which can be tested on a complete historical database of stock prices like the data offered by these guys… http://www.forextickdata.com
David