TIMOTHYSYKES.COM
TwitterFacebookYouTube

My Huffington Post Interview & Why My Readers Will Soon Be Richer Than Me

Posted by timothysykes on Tue 6th of May, 2008 02:50:57 PM

Check it out HERE–it’s definitely a solid interview and it’s great when a reporter actually takes the time to make sure the facts are correct (yeah suck on that Randall Lane, I’ve got an article coming about you tomorrow!)

PS Even though I screwed up today’s perfect PennyStocking plays rather royally–although controlled losses well–my analysis was dead on, so I’m pretty damn proud and happy that many of you readers banked. Here’s a quick and dirty rundown:

PennyStocking student Davey and Mark shorted VRML around $4.60, Davey covering conservatively at $4.33, Mark still waiting to cover (as of the last comment saw). Ryan shorted some at $4.65 and $5, covering all at $3.70, posting a great comment “With more than $3500 made in a single day today, I am up 72.86% up in 4 months. All this credit goes to our number one Tim!!”

But the gains weren’t limited to VRML alone. Tony Ellis banked $1,200 on COIN, Shthappns banked on UFPT…any others, I can’t even keep track of all the comments today—so please comment about your winners–and losers–in this post so we can see how everyone’s doing! Last one to $1 million is a dirty Jew!

Share this post:
  • Twitter
  • Facebook
  • StumbleUpon
  • HackerNews
  • Digg
  • del.icio.us
  • Technorati
  • Yahoo! Buzz
  • Google Bookmarks

Tags: , , , ,

Previous: « Stock Puppets: A Funny...

Next: « Controlling A Stupid...

Related Posts

  • Bubba Says THINK, Man, THINK
    noob: You'd better re-read Tim's book, slowly, carefully, look at the charts he has posted on this site that couple to his edu materials. Bubba ain't seen Tim's DVD, yet, but knows a trader's got to put it all together in one package that works for that trader. This all takes testing, analysis and thinking. Don't overthink, tho. Get a feel for what you're trying to do AND a feel for the market you're trading (long-term, daytrade & swing, shorting). Find charting books that will show you the chart patterns and what those patterns USUALLY mean. Set up a shot on the pool table that you know you can make, then try to make it some other way to get different 'shape' on the cue-ball. You may have to make allowance for the cloth, the way the table runs (get a feel for the table). Play today's short this way, then tomorrow's short a different way. Get a feel for where the cue-ball ($$$) is going. Adjust your 'english' to get the shape you want for the next shot (bank $$$ whenever you can).

    You see the 'W'? What's a W upside down? What's a rising wedge upside down? What's the head & shoulders? Then turn it upside down. What's Tim suggest? Now turn that upside down. Tim's tools seem to work most of the time. Use 'em, understand 'em, then take 'em to the next level, modify 'em.

    Above all, set, know and understand your goals. When you believe you've got a handle on the market, you'd also better believe the market will show you that you don't. After all, see Bill Miller's (Legg Mason picker/strategist) history. Look at Tim's history. Then listen to John Prine sing - "That's the way that the world goes 'round. You're up one day, the next you're down...."
  • noobtrader.08
    err... to post #41... I meant "YOU" as in "Bubba" leave interesting posts. =D
  • noobtrader.08
    Bubba,

    I leave interesting posts. Thanks for the advise. I have to correct you on one thing though - NOOB DOESN'T KNOW. I read in one of Tim's articles about the "W"... what does that mean anyhow?

    And now you mention "M", what does that mean?

    This education thing is like sex... I want more and more and more.
  • Bubba Adds A PS
    One more thing which applies to all who have a goal and post here: Best of Luck with your trading. Yep, that even applies to Tim-bashers, because if they're happy with their trading, they just might find something else to do other than bash Tim and waste time for those who do want to learn. Truth be told: Bubba has his own system, however, does like the Tim attitude toward money making market chaff. Consequently, Bubba keeps coming here to see what's going on. Bubba likes wheat. Hell, Bubba likes all commodities nearly all the time no matter whether they go up or down, but especially the 'softs'. Bubba knows softs. What else could you expect from Bubba?

    Right On, Tim. Keep it up the way you're doing it.
  • Bubba Says noob. Knows Already
    noob.: If you can see the 'W', then you can see the 'M', too. Now, couple that with other chart patterns, get a feel for what the market and the economy's doing, watch the indicators, make educated 'technical guesses'. Put it all together in a system of your own, one that works for you and fits your goals. Notice, Tim has a goal. You should, too. Keep doing it vicariously until you begin to feel the 'rush' of being right. Then, put up the ante and bank the profits. And remember the words of many, many traders: preserve capital.
  • lauren mccoy
    this is just a test.
  • noobtrader.08
    Timmer... dude, what else can I say; thanks. I know I "e-talk" a lot on this blog, but as one of your students... who is learning from the grass-roots level, I'll do your strategy proud.

    Cheers to education, the knowledge that follows and dreams that come true.
  • noobtrader.08
    Dan_O,

    Mucho thank you's!!!

    Complacency is not in my daily vocab. For me, life is about abundance, not limitation. In this case, knowledge is the abundance I'm after. And your reply is greatly appriciated.

    I do not have a journal (thank you for the tip), but will pick one up tomorrow. I've made my first rule - I will not trade a cent of real money until I purchase and watch Tim's DVD set. Tim, as I'm sure you've gathered by now, questions will come like Niagara Falls... be ready. =D

    Wicked shit! Thanks duder!
  • noobtrader.08
    Sonid,

    Thanks much for the reply and the advise. I'll add a position to my artifical portfolio and see it plays out.

    Cheers.
  • really great interview, this guy like you said was on the money with his facts
  • yah noob, u'll see in the DVD what i' looking for--basically just a ridiculous move to the upside, like LGDI and VRML--then it just a question of trying to pic the time when the momentum runs out and the fall becomes inevitable. profit fro that price drop
  • Dan_O
    Hey Noob, you have the right attitude just keep looking for information and don't get complacent. The market is something that evolves and as long as you stay a student of the game you will get better every day. Don't get cocky, that's a road that leads to gambler's ruin.

    My advice is to read a mass of books (Tim would agree, the guy has 300+ of 'em). Also, buy the DVD/Book combo it sounds crazy but it's cheaper than all of the trading conferences I've been to, more informative and entertaining.

    TIM's strategy works but it's not the only game in town. I keep notes in my trade journal listing different strategies different styles of traders use. If you don't already keep one, you should get one. It also helps you keep your emotions in check, something Dr. Steenbarger details in his blog (which I won't post here out of respect to Tim).

    Oh and to those playing with real money, join Covestor and slap a gag on all those fucks who post on here dissing this strategy. Hell you might just give Mr. Sykes a run for his money.
  • UFgemini
    Was able to recoop some profits from shorting FEED a couple days ago. Learned a valuable lesson and should have cut my losses much earlier. Got lucky and made it out ok. Thanks for the heads up Tim
  • sonid
    noobtrade.08 also when looking for charts and companies you should look for microcraps that are up on no news of fluff news and have either had a long period of sideways price action or has been bearishly down-trending for a while.
  • sonid
    noobtrader.08 If you have the money it looks as if it is a LONG position right now for XCO. I am no expert to say the least but I know XCO's chart shows a clear cut breakout
  • noobtrader.08
    Sonid,

    When you say XCO is going to breakout? Does this mean "short" or "long"?

    Thanks,
  • noobtrader.08
    First, I think it's great that all of you are doing so good! I'll live vicariously through you until I get the balls to use my "real" $$$. I read all the posts and articles alike, and totally enjoy reading all the success stories out there.

    My experience is, I'm literally grass-roots aka I don't have a fucking clue about anything regarding the stock market (well a tiny bit) I'm as dedicated and willing to learn and do whatever it takes (almost literally) as the next $$$ hungry duder. So I have quick question...

    As Tim posts on a regular basis, the idea behind all this (his book, DVD set, & website) is to EDUCATE us (which he is doing an amazing job at); so that eventually we'll be able to venture out on our own and use the "TIM force", mixed with our own knowledge.

    NOTE to Tim: I swear on global warming that I'm going to buy your DVD; my season is almost started... (I said that because I know he is going to tell me to buy it =D I WILL, I WILL)

    ANYHOW... my question is - when I'm looking at a chart, ANY chart, WHAT exactly am I looking for? what is the best starting point? Highs, lows, "W" pattern in the charts??, volume? Press releases? hints, clues, hints, clues...

    Which of these is most important to base as assessment off of? All of the above right? Ok, so then what else? I don't want to buy impulsively, that = failure.

    I'm trying to the read the "Matrix" and once I have "the TIM force" I'll be able to. Until then, I want to be able to recognize when a good opportunity to short is VS. a good opportunity to long is VS. BAD opportunities all the around.

    I know when I "short" the idea is to "cover" my "short", and make 5-30%. Likewise if I "long", I would buy/sell and make 5-30%.

    EX. I'm looking at "AMD"... now I look at this chart and say to myself, SELF, "short" it... then I ask myself the infamous question "WHY?"... and I reply to myself with an "i don't know"... hence this way-to-long-of-a-post question as to what I should look for when I want "short" or "long".

    I'm picking up tons of tid-bits from all you guys/gals on this site btw, so thanks in advance for your help.
  • sonid
    Hey tim I got a breakout if you got the buying power check out XCO
  • sonid
    anyone like SNG looks to be on the move but close to high
  • nsaflyer
    Shorted VM, 5/2 2k shares @4.02, covered @ 3.62, quick $400 bucks n less than 3 hrs. Thanks for the call TIM
  • jj
    friken pissed..made my post about IAR then lost my internet connection...reminds me of tims -lost at sea adventures.
  • Bob the VC
    Dear Mr. Sykes,

    You're generosity is truly staggering!

    :)
  • aweosme glad u guys are doing so well..bob the vc switch to TOS and join in the fun, here's i'll even give u my referral link:

    http://www.thinkorswim.com/tos/client/index.jsp...

    :)
  • also what's it mean when the ticker has a period in it?
  • man you guys are all sick in the money, I'll be joining you after my restriction.
  • Anyone thinking about shorting COIN?

    AND HOW about buying some calls in VISN?

    Tim to bad you wouldn't be able to implement this strategy with more funds. Seems like you found quite a niche.
  • J-Mo
    Shorted VRML @ $4.00, can't get out of it till tommorrow.
    Shorted PDO @ $7.15, Covered @ 6.89
    Shorted LNG @ 9.57, still in it
    Shorted VM @ 4.08, Covered @ 3.91

    Up $4,207.60 after fee's in only 8 days.

    Thanks Tim.
  • Bob the VC
    "Last one to $1 million is a dirty Jew!"

    Mr. Sykes, I respectfully decline your challenge, as I have been severely handicapped by a brokerage which insists on pooning me in the poop-shoot whenever it gets the chance, and blocks me out of $850 profits by canceling my orders without notice..

    Not that I'm bitter or anything...
  • Ryan
    Thank you Tim! Besides today's VRML, so far here is what I have made profit along with Tim :)
    FEED shorted 4/25/08 @19.20 covered @ 16.25 on 4/30/08
    VVTV shorted 3/24/08 @ 5.70 covered @ 5.35 on 4/27/08
    COIN shorted 3/7/08 @ 16.36 covered @ 14.92 on 3/7/08
    COIN shorted 3/11/08 @ 11.59 covered @ 9.45 on 3/19/07
    And here is the funny one: Tim wrote "Heads up on PSTI" and though he meant to get ready to short, I thought he mentioned to buy it, so I bought tons of PSTI @ $3.90 right after his post on 4/7/08, PSTI surged over $5, I sold all at $5.15 and later realized he meant to get ready to short :)
    Besides these, I shorted and had nice profit on POZN, NFLX, and small profit on ALGT. So far so great, want to get Tim's DVD and book.
  • Shthappns
    I am def. purchasing the DVD
  • monkiman
    ryan u slutt.... lol. nah, congratz to all those who hit the gold on VRML
  • awesoe guys, i hope you'll reinvest some of your profits in my DVD, not just cuz i'm a self-promoter but cuz it features dozens of plays like this and its really all about getting comfortable with how far they can go, so the more you know...
  • sonid
    Tim whats your take on this CNEH
  • Mark
    $903.84 after commissions. Thank you Tim. Shorted at 4.65 and covered at 3.36. Too scared to hold it overnight, but it was a funnnn ride while it lasted.
  • Shthappns
    wow I'm stupid... I'm doing too many things at once... The last trade was UFPT not NEU

    5/5/08 - long UFPT @ $12.60, sold @ $13.00
  • Shthappns
    I meant to say sold NEU not covered.. sorry
  • Shthappns
    4/24/08 - short PDO @ $6.25, covered @ $6.02
    5/2/08 - short VM @ $4.05, Covered @ $3.95
    5/5/08 - long NEU @ $12.60, covered @ $13.00

    I read all of your posts on "trading basics" and these are the first 3 trades I made. You def. know what your talking about. Can't wait for the next one.
  • SCU nice breakout, VNDA already retraced, i wouldnt expect much, just like LGDI which sucked in a lot of shorts, very well could spike, or continue to drop 5 cents every 3 hours
  • sonid
    vnda maybe goes negative before close ?
  • Anonymous
    SCU >> Doing a good job mega volume!!
  • Tony Ellis
    I'm not Jewish but my sister-in-law is, not too shabby.
  • IAR beautiful move today
blog comments powered by Disqus

Previous: « Stock Puppets: A Funny...

Next: « Controlling A Stupid...