LOL you'll say anything to ingratiate yourself with Jack and spydie won't you? Jack would have made a whole $208 before commissions on 800 shares had he been lucky enough to sell at the exact high. From there the stock fell for 3 weeks. You can pretend this is chocolate pudding all you want but it smells like a turd.
Guess what....the trade didn't work! If he was able to make any little profit (or get out flat) on a trade that DIDN'T work, imagine what happens when a trade does work. You don't seem to understand the concept of trading around inflection points. You enter a trade that has very favorable probabilities and then you wait for confirmation. When you don't get the feedback you need to continue with the trade, as in the case with the example YOU provided, you exit (or even reverse as this is the best action when trading at inflection pts). Your example gave the trader and opportunity to exit w/o any damage to their account when feedback wasn't positive Next time, post a situation that actually has him losing money from the outset rather than gapping up in his favor and allowing him ample time to exit without losing any $$$. My response to you has nothing to do with Jack or Spyder, it has to do with your inability to read a chart. Any ET poster would get my backing if the same situation arose again. Just learn to read charts ok?
Hershey traders are the reason why Arrested development gets cancelled while According to Jim is a ratings hit