CHATROOM

First Quarter 2008 Review: Earn 21% Every 3 Months And You’ll Live A Happy Life

April 12, 2008 at 3:06 pm by Timothy Sykes

Watch these 7 free video lessons on how I became a millionaire

Coming off my best week since I started TIM 5+ months ago ($900-ish profits), it’s good to review past successes and mistakes. Without further ado, I give you the first quarter of 2008 in a nutshell, where TIM used small account size–finishing at $17,388–combined with PennyStocking to thoroughly dominate the performance of ALL major indexes, even while making tons of mistakes. Follow along and learn to do the same…already 5% higher in April and I’m just getting warmed up…

Successes:

How I Made An 8% Return Before Lunch

How I Made 25% Just By Holding A Distinct Pattern Overnight

How I Made 8% In One Morning, Leaving 40%+ On The Table One Day Later

Why My Strategy Works Even For Stupid People

God, I Love Short Selling Penny Stocks!

Failures:

I’m One Of Those Idiots

I’m Better At Being Cynical Than Optimistic

Those Who Can’t Do, Teach

I’m A Terrible Timer

Horrible, Horrible Trading

Fun Times:

Ashley Dupre Girls Gone Wild Pics

Before Dupre, TIM And Traffic Were Still Surging

The Unmasking Of Spitzer’s Call Girl

Me And Maria Bello

36 Hours In The Life Of A Trading Addict

Important Lessons:

The Stock That Killed My Hedge Fund

Lots Of Market Randomness, Avoid That Crap!

37 Points Of My Strategy

Don’t Be Scared Of The Bear Market

Magic Stock Market Formula?

Rants:

To All My Haters Out There

Are You Prepared To Pay For Our Economic Sins?

Crap Company Chart Pattern Awards

Why The SEC Are Rapists

IWall Street Sequel: Idiots Never Sleep

Posted in DVD, Fess Up Time, Funny Links, Good Trades, graphs, Link Love, Quarterly Review, Short Selling, TIM Lessons

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  • Joe

    Congrats on an awesome quarter.

  • timsykes

    thanks, but i really am just getting started!

  • eric

    Awesome work Tim!

  • Michael

    Tim, what do you usually do on a lazy saturday?
    go out with a hot chick and treat her a nice dinner?

  • Mr Cellular

    F*ing Great Quarter Tim. You are a star for putting your trades online. Glad I found your blog after seeing you on CBS Sunday Morning. ROCK ON! May all your dreams come true.

  • manhack

    Yeah it sucks for someone to make 21% return on a small investment….

  • manhack

    oh and i’m being sarcastic. Good job Tim. I love your site and will continue to follow your trades. My strat will be to utilizer your “coma” technique. Short it and forget it for a week.

  • http://www.dinosaurtrader.blogspot.com Dinosaur Trader

    Fuck Tim and his “performance,” I don’t think he’s finished first in the VO yet..

    Listen, I just realized that the most popular posts are your site aren’t about “pennystocking” but about Elliot Spitzer’s whore. Maybe it’s time to turn this into a porn site or something.

    -DT

  • Joseph

    What are you smoking, manhack? Timmy has no coma technique, what are you talking about? You misinterpreted what he said. You better learn from Tim; take profit and cut losses quicly; and move on to your next target. I wouldn’t short pennystocks and try to forget about them just to maximize profit. You’re asking for trouble, man.

  • timsykes

    Michael never lazy anymore–spent the day writing some educational pieces for a new Yahoo! Finance column….then I went out for a nice dinner :)

    Thanks cellular, manhack

    DT–anybody else in the VO playing around with less than $20k? I doubt it….gimme some time, I assure the $ profits will go up as I bet more

    Edward, I got no problem with u reselling the DVD, but don’t advertise it on my site, try ebay, amazon/craigslist

  • timsykes

    #6 you’re damn right this strategy aint scalable, thank u for looking down on it, snobs like u are why it works so well! remember, good things come in small packages

  • Oliver

    yup, no doubt a great quater for a small account and in general a nice return in profits. but i think penny stocking is a bad comparison to the S&P500, NASDAQ and/or DJI.

    Kepp it up, I think everyone is appreciating your work even the haters because they wouldnt have anything to hate on without you.

  • timsykes

    oliver, if not the major indexes, what could i compare to? its a hedge fund strategy–minus the hedge fund-type scalability–but everybody compares to indexes

  • http://billakanodoodahs.com Bill aka NO DooDahs!

    Tim, you could compare it to an absolute benchmark that you’ve set.

    How about … taking your final goal and deadline time, converting it to a quarterly compounded gain, and measuring the return against that?

    The indices are a joke comparison for everybody — the only applicable time to use the S&P 500 as a benchmark is if you’re confining your trades to the S&P 500 stocks, ditto for Dow or Nasdaq, if you’re not trading entirely inside those indices, there’s no point in using them as a comparison.

  • timsykes

    experience teaches me deadlines and goals are the absolute worst thing a trader can do…gets you to feel ahead/behind and leads you to force trades or become overly conservative…for me, the best way of looking at it is to thin i’ll never make another trade in my entire life–that way i bide my time waiting for worthy opportunities

    the comparison to the indexes is to show the superiority of a niche trading strategy like mine over the path the vast majority of investors take

  • http://www.jeffreymclarty.com/jm McLarty

    Tim, congrats on the great quarter…I’m in the camp that thinks it’s not scalable…but hey, more power to you if you can prove me wrong, you handsomely trounced my 3 month performance, so hats off to you.

    This is the first time I’ve been to your site…got a couple questions for you, they are pretty simple yes/no type questions. I’m humbly curious.

    1. Were you trading mostly long positions, during a great bull market, back when you made your first million from your ~$12000 gift?
    2. Did you mostly make short trades during, the last ~3 months?

  • timsykes

    made my first mil being a naive/lucky buyer of these microcraps, 2nd mil shorting them

    vast majority of my trades ever since–including ALL my big winners–have come from the short side, check out my book for all the details:

    http://www.amazon.com/exec/obidos/ASIN/0979549701/timothysykes-20

    And yes, its not scalable past a few million, thats why i’ve taken it to the general public…lots of people wanna learn to make a few extra grand/tens of maybe even hundreds of thousands

  • eric

    Tim…your blog about that crazy video on youtube seems to also have boosted your stock! Wow you have tons of haters, but if you have haters, then you must be doing something right because while they’re thinking about you, I know you’re not thinking about them. I cant wait for your new website. I could have sworn I read somewhere on your website that you have a goal of 300M of “F You Money?” Keep up the awesome returns!

  • http://billakanodoodahs.com Bill aka NO DooDahs!

    I thought the recreation of your 12.1K to 1.65M gain in 3 years would be your goal and timeline.

  • timsykes

    haha 12k to 1.65 million is the ultimate goal, but first time it took 4 years….i’ve said in interviews with my newfound conservativism and focus on writings/teaching, it’ll probly take me 10 years…who knows, just take it one trade at a time

  • http://billakanodoodahs.com Bill aka NO DooDahs!

    In ten years, I think that’s +13% a quarter, compounded quarterly. In four years, that’s +36% a quarter, compounded quarterly.

  • Pingback: Just Who The Hell Do I Think I Am And Why Should You Care? | Timothy Sykes - Stock Trader, Author, Entrepreneur

  • sokolkapl

    shorted at 4.44, out at 4.2. probably too soon, but profit is profit! thanks Tim!

  • bill

    wow, I covered at the exact same price. (beating myself since it dropped to 4.1 a few mins later). +$770

  • TerranFirebat

    $97 Tim Profit on a small low-risk position.

  • http://www.test.timothysykes.com timothysykes

    glad u guys are learning…probable further downside, but considering how it spiked this morning, thaat could easily happen later today or tomorrow morn…good solid profits

  • http://www.reapertrades.com Reaper

    covered 1500 out of 6000 shares … holding rest for now.

  • http://road25k.blogspot.com/ cwn6161

    holding my 500 as well overnight

  • http://www.ContiCapitalInvestments.com cconti75

    Shorted at 4.47, covered at 4.17. +$300 Thanks Tim! -cconti

  • bassman52

    200 bucks out at 2.18

  • mikeduffy13

    found 1000 shares at TOS. In at $4.35 (didn’t execute when i wanted >:( ) out at $4.10. +$250

  • sandraburkhardt07

    Short 4.47 and out at 4.13 for $170 profit! :) Sandra

  • kald73

    Made $225 on OPXA.

  • yasdjam

    short at 4.25 and cover at 4.12. nice $390

  • TerranFirebat

    Question: When you first get over $25k do you trade like your accountsize – 25k? I have about $27k in my ToS account right now so I am trading pathetically small because I don’t want to risk losing my daytrade privilege.

  • BearNine

    +176$, covered at 3.99.

  • http://www.reapertrades.com Reaper

    +$1952 on 5k shares, still holding 1k … let’s see if I can hold it overnight.

  • jebrenner

    +$100 on 400 shares. Wanted to hold longer but had an appointment!

  • whizzler

    about +$100 on OPXA daytrade.

  • braderhart

    Re-shorted in the afternoon for an additional profit of $190.00. Total OPXA profit today was $320.40. Thanks Tim.

  • http://www.reapertrades.com Reaper

    covered my last 1k shares +$585.10

  • thunderhead51

    not so great entry on 450@ 4.35, out at 3.99 for $156 profit! Thanks Tim!!

  • http://road25k.blogspot.com/ cwn6161

    TerranFirebat – why not use more? If you go under 25k, you still get the 3 daytrades per 5 days. Stay with an amount you are comfortable with though.

  • http://www.test.timothysykes.com timothysykes

    damn i really psyched myself out on OPXA, under $4 perfectly, good lesson learned: trust the pattern, dont think so much!

  • http://www.stockhideout.com HotRush

    New guy here. Started trading with TOS Tuesday with $3500 minimum. Played bounce on SPNG yesterday and shorted OPXA $4.47 covered $4.09 My HotRush account stands at $4113
    Thanks Tim!

  • Josh T.H.

    +142 on afternoon short of RBY (on Gold resisting the 1K level), RBY faded nicely, could be a good short tmr. +252 on short of HEB. Couldnt get on the OPXA action, but hey, more profits, not complaining.

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