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Two Interviews: One Video, One Written, Both Edu-tainment To The Max!

Posted by timothysykes on Thu 15th of May, 2008 12:51:59 PM

While we’re waiting for the next CNEX-like worthy trading opportunity to emerge, check out these two interviews of mine that just came out today.

First StockTickr asks me some really great questions and allows me to set the record straight on a lot of the BS that’s out there. Thanks Dave! PS The guy’s also got a pretty cool product for keeping track of your trading journals…

A few dozen of you participated in the live interview I did on ChuckTV the other day, HERE is the edited version. Clocking in at just over 1 hour, we talk about everything from trading pump and dumps, Saturday Night Live castmembers and drug use on Wall Street to web 2.0, online video and the future of the internet…really interesting convo—thanks again Chuck!

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  • Hi Banana,

    The music in the show is by an artist named Cybster DJ. I use it for all my episodes. The song is called "Miami". The song is "podsafe" meaning that I'm allowed to use it for free as long as I observe the Creative Commons (CC) license. Oftentimes, artists will specify a "no derivation" CC license - meaning you must play the entire song. I don't know if Cybster DJ has a "no derivation" CC license or not, but I feel that he's nice enough to let people use his work without compensation, so the least I can do is play his song in its entirety and plug him and his site, which is:

    http://cybster.dj

    chuck

    p.s. - Paul McCartney, that time that you were in the Beatles? That was awesome!
  • cash
    Tim great interview with Chuck. It is only going to be a matter of time till you go big time and forget about your little blog and followers here.
  • cash
    Wes thanks for the info in post #9 I found that to be very useful. Wes do you use Level 2 qoutes and if so from who?
  • chuck
  • Banana
    Tim,
    What's up with the music in your interview?

    -Banana
  • jesseb
    Jmoates, I'm trying to put together a reasonable amount of money to trade with, and plan to keep adding what I can instead of putting it into a shitty bank to let them loan the money out.

    Yeah, $1k isn't that much...but percentage wise I think it all works out. If I was trading with 100k account and lost 50k, is that any less painful than trading with a 1k account and losing $500? I'm gonna go ahead and say nooooo.

    If I wait to save up that kind of money I'm going to be waiting for years just to fucking start investing...so yeah, I think it's worth it.

    I've seen some great returns here. If I can get into that and do it reliably, I could be taking my $1000 and making 100% returns every week...why the hell not?

    But yes, I need the DVDs, and yes I can afford them...and yes I have debt - no one has ever given me money for anything. And 90% of my debt is associated with school, 10% is from instant gratification :P

    My point is, get off my nuts :)
  • getshorty
    good point ju.

    Trading with 1000 can be and even loosing it can be worth by itself on the learning.

    Jmoates, about the 2% of $1000 = $ 20 trading fee, I recommend you switch brokers. Interactive brokers charges you around 1$ per trade. I am not sure about TOS, but think they are around that as well.
  • ju
    Well, its up to the person that is investing on when and where he wants to put his money in the market no matter its $1000 or $100000000. Not everybody has the same goal, hopefully person with $1000 doesnt go in expecting to be a millionaire within couple years using tims strategy but rather growing the acct slowly but gradually, more importantly gain knowledge and experience to realize if trading fits in to his/her life. I'd rather be a person to start out with a $1000 than save to start with $50,000 with the same level of inexperience.
  • exactly, dont short falling knives

    can't speak on canadian penny stocks never touched em before
  • Davey
    But jmoates your coming off as someone who doesnt want someone with a small account to trade. Of course people should save, but if they have money sitting in a bank account and they have no debt and it is money they can afford to lose than what is the problem. And by the way your one of the people I talk about who seem to give a lot of advice and act your the shit but post your trades after they are done, I took a loss on KYUS today and everyone knows it cuz I posted it real time, but don't come pretend like your right all the time and you have the right to drop knowledge on us.
  • getshorty
    DCR is what Tim calls a crow, it has been going down forever steadily, dropping very little per day now, not much downside.

    Tim prefers to shortstocks that have been going up on their breakdown because of its bigger downside potential.

    If you short in dcr, it can keep on drowning slowly and you'll get some gains, but you are risking big losses if it spikes (you can loose 100% or more of your initial investment)

    Am I right Semsei?

    Anybody, don;t forget to give me leads on canadian scams.
  • JMoates77
    24, started 2 weeks ago with $18,500, through (I think) 5 trades, up to $25,771 as of today. I work for a manufacturer as their Lean Process Manager. Basically I am a change agent sent into departments to make them more effective. I thought a little more background on myself might help people understand why I am adamant about this. People live beyond their means. They make 20% on a $1000 trade and go out for a $400 meal without ever even taking the profits out of their accounts. It's human nature. I am a major proponent of Dave Ramsey, Suze Orman, etc... and their initial approaches to gaining wealth. It's the whole waiting until you're 60 to be a millionaire that pisses me off. That's why I like Tim. After you have got the skills and the mindset, you can make a better return using his strategy.

    Davey, I also know that people aren't going broke on Tim's strategy. All I'm saying is that their are priorities to having your money make money. First you gotta have some and the more you have the more you make. So SAVE!
  • allen
    Tim, would you go short on DCR??
  • Davey
    Not to start anything but Jmoates, how old are you and what is your account size or your ideal account size? It's pretty simple how these things work. I see the same people here everyday, they would not be here if they were losing all their money.
  • JMoates77
    Half the people reading your blog can't afford your book or DVD because it's over 10% of their savings (if you can call it savings, it's probably a cash advance on a credit card).

    Plus, you misunderstood me on a couple of points:
    LESS than $5K is ridiculous.
    I was not insinuating they should invest in Visa

    The purpose of my post was simply to rant about how people come to this site looking for the holy land of making money, when they can't even write out a monthly budget.

    FYI: This is not about the strategy. I respect your trading strategy and have made a lot of money thus far. It's about your approach to teaching that I have some constructive criticism for.

    You talk about risk/reward a lot with shorting penny stocks. Well that risk increases with the smaller your account is because the fee's eat up a larger percentage. I would just appreciate some due diligence on your part to tell all those small cap accounts out there that they should be saving first.

    Come on! A $1000 account? What does he expect to do with that?!?!?
  • getshorty
    Anybody

    Tim does not trade canadian stocks since he is sticking to what he knows in order to be a believable preacher.

    However, canadian stocks have the good thing of no being subject to the crappy daytrading regulations.

    Anybody is familiar on where to go for canadians pump and dumps?

    I know they are out there, Found some on ca.finance.yahoo.com but want more.

    Any lead on canadian spammers I can subscribe too.

    Any hint is welcome
  • Mark
    Thank you Tim. I just needed you to remind me. I got their unsolicited propaganda pamphlet about a week ago. I didn't burn it in effigy, but I did burn with malice nonetheless. I just can't imagine that a real company would send out one of those.
  • Davey
    lol @ Jmoates I turned 3K into 8K so far since Nov. and most of the gains have come in recent months so it can be done. I also have no debt accept for some student loans.
  • r u kidding me Jmoate, my trading has sucked, all kinds of problems and yet i'm still up 50%. this strategy is IDEAL for small accounts in the $5k range cuz they can make $3-$10/year, no savings or crappy stock like V will ever come close to that profit potential. obviously theres higher risk but if u follow y strategy, i cut my losses quickly. only real risk is if some cheap bastard tries trading based on this blog alone and hasnt read y book or watched my dvd so they dont understand what theyre getting into
  • getshorty
    where's my t-shirt?
  • JMoates77
    Tim, I seriously don't understand why you haven't talked some of these people out of trading with low account balances (>$5K). It just seems like people can save faster than they would be able to multiply $1000 by 1000% to a decent account size. Yes people, for you math lamens out there, you would need to post a 1000% return over a given period of time to even reach just $10K with $1000. Tim's posting a 50% return for a little over 6 months and that would be a measley $500 if you risked everything on every trade which he doesn't advocate you doing.

    My advice: SAVE and come back when you've got a decent bank roll. Hell, the fee's are 2% of your account value if your tradin with a grand!

    Tim, when you argue against sykeshater you obviously hate holier-than-thou american debutants. Well, that's the American way, spend like them even though you can't afford it. Then search out a site like this to hopefully make it rich. WRONG! There is no substitute for a good saver. I bet at least 50% of your readers are in debt at least the size of their account value. Pay it off dumbasses! Then start pouring the cashflow you would have used propping up stocks like Visa into your Thinkorswim account.

    Apologies for the rant.
  • thanks getshorty, glad u like it!

    mark, KYUS isnt even a real company, its just a spam mailer, thats where they spend all their $
  • GabeC
    GETG looks like a nice manipulated stock on news.
  • getshorty
    Jessee, I have 14 800 on my acct, and I am dumb. good to know you are not.

    Today I just lost 350 daytrading rim, yes, a random stock, it has worked before for me, same as black jack has worked, but today I got burned, again.

    If you just have 1000 better do exactly what tim says or it will be gone before you know.

    About ripping the DVD, I have ripped into my ipod, but not going to share:
    1) I want tim to keep on replying my posts.
    2) I don't want the strategy to get too popular too soon or it will be less and less effective.

    Stay at home a few weekends, drink pharmaceutical alcohol instead of beer, put yor $ 300 aside and buy the fkng dvd.

    I am studying for my mba in finance in a almost top (top 5%) university, going to write the cfa level 2 exam in June. Have spent over $60K in my education during the last year.

    I tell you right now, nobody else teaches you what tim teaches you on his dvd. Well, the first of the four dvds you can learn anywhere, basic concepts, that you learn in finance classes, but the following three dvds. Nobody teaches you that. Even professors that manage huge portfolios (some of my profs are fund managers with proven trak record, top 5% performing canadian bond funds among them with 2.7 billions with a b under management)Those guys teach you how to get a well paid job for managing big portfolios. But nobody cares about timing small stocks who are not suitable for big accounts.

    Tim I am making a lot of propaganda here..... I should get a t-shirt or something.
  • Millionairemind
    Missssseddddddddd that damn PDO move! I was at work, what can I do? Oh, well, opportunity will find me again! I am still with stupid Scottrade, couldn't think about shorting anything below $5. I will see if KYUS hits $5.01 tomorrow or Monday before it collapse like CNEX. My SOLF was not executed at my set price today (maybe I set it a little too high). This close to be 100% up (still 98.86%) as posted on TIMForum. I want your dvd Tim!
  • Mark
    It suuuuucks seeing KRY tanking in late trading.

    Another thing...What's wrong with KYUS? Isn't it a viable energy company? I've got 2000 shares reserved, but before I use em, I need to feel more negative about this company.
  • jesseb
    Well, you can call yourself dumb if you like...personally I don't think you're dumb for not having patience and you shouldn't call yourself that.

    More importantly I am NOT dumb, so I'd prefer if you didn't say that I was :P

    I'm just a noob, I have less than $1000 in my account and I've only made one really really really low risk, long-term trade...all the more reason to buy Tim's DVD!

    Hmmm, I wonder if anyone has put a DVD rip of it up on the net, hahahah, j/k Tim!
  • getshorty
    Don't feel bad stephen, it would just have been random luck..... no time to guess earnings unless you have inside info.

    Guess this blog is turning into a support group...

    Hi, my name is getshorty, and I have a gamblin addiction....
  • getshorty, feels good to get it out, right? welcome to my life

    stephen, no worries, cant predict news, proper time to buy coulda woulda been when it broke out of its range just above $11
  • Stephen
    I had a buy order entered for pdo at $9.50 mid-day today but didn't have the balls to execute it. Now I'm kicking myself for missing a 50 percent+ payday. Sigh
  • getshorty
    I am dumber than Jessee, I have actually watched the dvd a number of times.

    My impatience is my problem.

    I understood why I have been failing.... Yesterday I couldn't untie my shoelace which got into a mess. I started grumping about the fkng shoelace knot that couldn't be at done, then a chinese friend of mine with which I was told me with chinese accent "you have no patience" Then I thought to myself, how right you are.....


    I can not trade us stocks for the next three days since i have gone through the daytrade limits, would be able to trade again next wednesday, I guess sitting on the sidelines and study deeper the action will end up being good in developing the patiece I lack.

    I have said this to myself a number of times, but now I "write it in public" in order to stick to it:

    "I will never trade a stock which does not has a clear direction, either a sustained trend or a clear breakout"

    hope this time it works. I f it doesn't I'll just put my hands into the stove so the scar can remind me.
  • wow the new forum layout is amazing, background goes great with the navigation colors. i recommend the entire site with that layout
  • 5holeSAVE
    willthe thrill -

    it means end of message...
  • Goose
    Wes - same here Long on KUN and RCH.
    Tim - what's the support for KRY?
  • jesseb
    Point taken sir. That is why I am here, and I do plan to get your DVD(s) by the way.
  • jesse i dont care if its real or fake money or if you're a billionaire with money to burn...NEVER short a stock that holds a solid base and breakouts to a new intraday high into the close, its called momentum, learn to abide by its rules
  • great interviews tim, anybody get into idmi last week? Said low 2's are it's pump range and thats what happend today.
  • jesseb
    Well lucky for me it's just in my own mind, and not with real money ;) So if I lose I've learned a lesson, if I win I'll be sad for not using real money but at least I'll know I did the right thing...
  • wes
    EDIT: My tight stop at 2.6 went off right before close. I still think it will advance tomorrow I just wanted to lock in my 15% return.
  • wes
    I think the thing with most people who are new to penny stock shorting is they believe anything that spikes 30 percent in one day is going to bomb the next day.

    Before I got into pennys I traded the big names (AAPL, GOOG, RIMM, ect). So to do that successfully I had to learn TA. While TA isnt as solid on these pennys as it is on the big names it still works. You can still find resistance and support.

    With a good understanding you will better understand the variables that make stocks trend up and down.

    Penny stocking only makes me want to learn more about TA. If I had 25k+ then I feel TA would even be more of an asset.

    I just went long on KUN, I'll put a tight stop, but it should gap up again since buyers surged into the stock late day.

    Right now Im long on KYUS, RCH, and KUN. They haven't showed signs of weekness yet.
  • Bob (VC)
    Now you're a mind reader too :) I was just thinking, ah what's 100 bucks, maybe I should just say "ah what's 300 bucks" and buy the damn DVD.
  • yup, people are gonna get burned and it pisses me off that they wont listen beforehand, but i guess thats what has to happen
  • Goose
    West - Im long with u as well on RCH
    PDO - just going out of hands.
  • Max
    Tim, your DVD is only going to help people that listen... and usually people don't learn to listen until they personally get burnt for not listening.

    It's like 'the stove is hot don't touch it' but you touch it anyways because you're a dumb little kid.
  • KUN up 40 cents now from your short, i'm sorry, but welcome to undisciplined shorting...we play the most volatile stocks here, u either play by the rules or u get taken out and shot...i created my DVD to specifically help u people, if u're too cheap to pay $300 i'm sure the market will charge u much more and u wont be able to replay your lessons over and over again free of charge.
  • Bob (VC)
    Got squeezed on KUN and got out at $110 loss. Despite there being twice as many sell orders as buy, there was never any fade. I should have waited until a down trend, instead I tried to move in when it was sideways with a lot of sellers. It's worked for me in the past, no such luck today.
  • Chris
    I wouldn't short KUN yet, I think its going to drop hard tomorrow though. However, it could bump up for a little punch to the stomach before then
  • good Wes, i'm glad someone has the balls to trust the charts on KYUS.

    jesse u will get squeezed or u will get lucky. either way, horrible horrible short here
  • jesseb
    Just shorted KUN at 5.11. Let's hope it goes kaput tomorrow AM.
  • wes
    I actually went long on KYUS yesterday since I felt it had some more to give before it gives up. They released that pump news yesterday about closing on that new drilling site so I figured it would have another good day. I'm up 15% on it. I still think it might hit 2.75 by tomorrow but I'm debating wheather or not to take my profit and jet. It wouldnt be a Pattern Day Trade so I most likely should.

    Im also long on RCH for a little scalp. I have to hold this one until tomorrow (PDT) but I figure it will gap up again like it did today.
  • getshorty
    QTWW
    Is that resistance at 1.80?, we wont know if it bounces down from there... maybe breaks...

    Too much for me to hold overnight. Shorted at 1.68 average

    GEtting out before the close, made just pennies... wasted my morning
  • why would u short QTWW or KUN? both are still way up on the day...what dont u guys get about shorting only on the first down day? u see me break that rule and lose often enough to learn by now, right? u see everyone who shorts RCH get squeezed right? my god, i'm gonna have stuff my dvd down your throats like spinach to children just to help u better understand this stuff
  • Chris
    KUN volume dropping off....
  • getshorty
    short onQTWW, not sure if holding overnight.........???

    SEMSEI !!!!
  • wes good scan, nsys is earnings though and mvis has proven it takes a while to drop

    qbik will be nice if it breaks 2.4, but otherwise its a bottomer like idmi
  • Mark
    Great advice Tim. I got out of KYUS 2.63 and I feel great about it.
    Glad I got out of KRY this morning too. It just went crazy a few minutes ago. I don't know what I would have done if I would have still been in it. Some of you may wanna check out that chart.
  • will_the_thrill
    hey, on the lion site, what does eom mean?
  • Tony Ellis
    ASIA again
  • Bob (VC)
    I have about 8 different screeners for penny stocks over at TDA including one I call the Supernova shorter. TDA does have some pretty nice tools (did I just say pretty nice tools?).

    Does anyone here use the Nasdaq Level 2 BookViewer? I find it much more useful than standard Level II..
  • Bob (VC)
    I'm in 500 KUN at 4.98. Was smart and used an AOK order so I didn't get a fill for 106 shares. Hoping for a bit of a fade, but my ideal exit will be sub 4.30. Probably not going to happen today, so may hold over night based on what I see. Anyone think that is a really bad idea?
  • T.BoonePickens
    Tim, QBIK is looking tasty.
  • jesseb
    Man...wish I had the cash and foresight to go long on PDO just before that crazy climb...oh well.
  • let KYUS run, cant sustain this volume for too many days, but i wouldnt be surprised to see $3

    yes PDO earnings are nice, where is THE BARBER now? idiot shorts random strong penny stocks...works much of the time, get squeezed badly sometimes

    sorry about the slow site guys, we're changing hosts over the next day or so so we'll be lightning quick!
  • wes
    PNTR looks intresting..
    NSYS looks like a pump.
    SATC
    MVIS
    AFN

    I'm not suggesting any action on any of these stocks, thats for tim to decide if they are random penny stocks that shouldnt be dealt with..I'm just pointing some out that I see on my scan
  • YngvaiMalmsteve
    Here's my stockfetcher scan for potential shorts:

    Close gained more than 100 Percent over the last 5 Days
    and Volume above 90000
    and Close below 20
    and Close above 1
  • Chris
    Earnings/Revenue came out: "Revenue increased 92% to $1,589,896 versus $826,180 in last year's first quarter. Approximately 81% of the increase was due to higher oil and gas prices, which were up by $38.50 per equivalent barrel of oil versus the first quarter last year" http://www.tradingmarkets.com/.site/news/Stock%...
  • be-the-ball
    PDO EPS
  • kish
    what is going on with PDO? ... up more than $3 in 20 minutes...
  • Tony Ellis
    PDO may be next CNEX
  • Tony Ellis
    PDO may be next CNEX
  • kish
    what is going on with PDO? ... up more than $3 in 20 minutes...
  • kish
    what is going on with PDO ... up more than $3 in 20 minutes...
  • novalis78
    thanks wes!
  • wes
    CHC looks ready for a drop..

    BTW I found this on that scan i just posted above.
  • Mark
    Anyone care to comment on KYUS at this point? It looks similar to how CNEX looked late afternoon the day before it tanked.

    By the way, thanks Tim for KRY. Nice 10% gain for me. Planning on getting your DVD, so I can find these myself before everyone else gets in my way.
  • Chris
    sorry about that, quick copy/paste mishap .... a little background : http://investerms.com/top_news/359.html
  • wes
    Guys I have been trying to find an easy way to identify up and comming Pump and Dumps.

    If you go over to stockfetcher.com and click on the SF 2.0 it will load a screener.

    Then copy/paste in:

    close is more than 10% above close 1 day ago
    close has been increasing for the last 1 days
    and average volume(30) is above 100000
    and close is below 7.00
    and close is above 1.50
    and draw MACD(12,26,9)

    Then hit scan and it will display all the stocks within $1.5-7.0 range that have gained +10% from the previous close, have increased since yesterday..Basically it identifys the surging Penny stocks so you can put them on watch and short when they start to faulter.
  • wes
    Its KUN
  • Chris
    AMEX:KUN
  • jesseb
    Chris, Tim would inevitably tell you - but I'm going to tell you first: the name of the company is of no concern to us.

    We really just need the ticker. Why search for a company name just so we can get the ticker when you probably already know what the ticker is and could give it to us. ;)

    Feel me?
  • Chris
    China Shenghuo Pharmaceutical Hldg, Inc., +1.09 (28.99%), and way too much volume
  • 50 cent stocks can become $1.50 stocks easier than $2 stocks can become $6 stocks. not worth it to short for 10-30 cents/share when there's $1 upside, i'd rather short for $1-2 downside with $1-2 upside
  • YngvaiMalmsteve
    Hey, Tim, I remember you saying you don't like to short stocks that are under $1. What's your reasoning? Those stocks are still volatile, and they can drop 20-30% or more just like the ones above $1. Is it too difficult to borrow enough shares to make any sort of profit at those price levels? For example, on sub-penny stocks you'd have to borrow tens of thousands of shares to make any profit.
  • Bob (VC)
    Do you remember that time when Tim did that interview with Chuck? That was awesome!!!
  • The Chuck interview was classic.
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