CHATROOM

Important Message To All The Newbie Traders Here

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

As I not only preached, but demonstrated in THIS post, those of us with small accounts should trade penny stocks with extreme caution. Due to the fact that Osama bin SEC’s terrorism means YOU must pick and choose your trades wisely…your psychology should be that of somebody who never wants to trade again (until the agony of not being in an ideal trade is too much), not somebody who can’t wait to trade again (overtrading causes losses).

More importantly, my website, www.timothysykes.com is the ONLY place where you should feel free to ask questions and share your annoyingly newbie ideas and typical naivety. Other message boards like TheLion.com and Investorshub.com are for professional traders, while not admitting it publicly most of whom lose so they are rather grumpy and cranky. Some even bank a ton so they’re even crankier (mo money mo problems). Unlike me, they could care less about your education—it’s not their business to care and they have bills to pay and bottles to drain—so they don’t want to be bothered with your crap.

More importantly, you guys haven’t earned the right to post freely on other boards…yet. It’s not just you guys who post dumb crap, but thanks to my big mouth, openness to even the most illiterate of you and growing popularity, I get singled out for bringing the stupid people to this game. Guilty as charged and you dummies should just be happy to making money for once…

I implore you frigging hyenas to stop giving PennyStocking a bad name. If you wanna vent, share, question, do it all on this site—this isn’t just about more hits—it’s about being respectful and understanding that just about every single thought in your little newbie brain is either wrong, annoying or both.

You’re obviously free to read other boards, I encourage that…just don’t post….for heaven’s sake.

After all, I know from too many emails (I’ll get to you all, just working down a 1,500 email unread overflow) just how confused/dumb many of you are—it’s not a bad thing, it’ll pass in time–but just to be absolutely clear:

DO NOT POST YOUR DUMB SHIT ON OTHER BOARDS.

KEEP IT HERE.

BECAUSE FOR A TRADER, I HAVE THE PATIENCE OF A SAINT (WHICH IS PROBLY WHY TRADER TEACHERS HAVE FAILED FOR SO DAMN LONG!)

I’LL DEAL WITH YOUR STUPIDITY, DON’T MAKE OTHERS SUFFER THROUGH IT.

This concludes this very important newbie lesson.

Posted in Blogging, idiots, Patience

  • Tony Ellis

    lol…I’ll try to restrain myself

  • Tony Ellis

    lol…I’ll try to restrain myself

  • http://www.stjohnproductions.com Jesse

    Tim, I have really been enjoying the interviews you have with everyday normal people like Mike the Machinest.

    I especially enjoyed reading this latest article here above my comment. The fact that you keep in mind that there are always many newbies here trying to keep up and learn shows that you really are trying to make pennystocking a more interesting and fun place.

    Okay, I’m done typing now.

  • http://www.stjohnproductions.com Jesse

    Tim, I have really been enjoying the interviews you have with everyday normal people like Mike the Machinest.

    I especially enjoyed reading this latest article here above my comment. The fact that you keep in mind that there are always many newbies here trying to keep up and learn shows that you really are trying to make pennystocking a more interesting and fun place.

    Okay, I’m done typing now.

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

    no tony ellis, when u earn $85k in 7 months, a newbie u r no longer…u post wherever, whenever

    thanks jesse!

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

    no tony ellis, when u earn $85k in 7 months, a newbie u r no longer…u post wherever, whenever

    thanks jesse!

  • YngvaiMalmsteve

    I’ve been keeping stats on my trades and it’s helping a lot.

    Tim constantly talks about overtrading. I noticed that on days that I make more than a couple trades, I tend to lose money. It’s the days where I’ve only made 1 or 2 trades which were my best days.

    Gotta be super picky about trades, especially when you have a small account and Osama watching over your shoulder.

  • YngvaiMalmsteve

    I’ve been keeping stats on my trades and it’s helping a lot.

    Tim constantly talks about overtrading. I noticed that on days that I make more than a couple trades, I tend to lose money. It’s the days where I’ve only made 1 or 2 trades which were my best days.

    Gotta be super picky about trades, especially when you have a small account and Osama watching over your shoulder.

  • http://www.nicholaspepera.com BRICKHOUSE

    DISCIPLINE, DISCIPLINE, DISCIPLINE!!!

    Stick to your plan and follow it! Could have made over $200 today on URRE but I panicked and ended up losing $20!
    Thanks TIM for all the info, T. Ellis (Yur my BOY BLUE)!!!

  • http://www.nicholaspepera.com BRICKHOUSE

    DISCIPLINE, DISCIPLINE, DISCIPLINE!!!

    Stick to your plan and follow it! Could have made over $200 today on URRE but I panicked and ended up losing $20!
    Thanks TIM for all the info, T. Ellis (Yur my BOY BLUE)!!!

  • Mike_13th

    lmsmith

    June 25th, 2008 at 10:50 am

    PLEASE tell me someone followed besides Keith and bought in on VEXP

  • Mike_13th

    lmsmith

    June 25th, 2008 at 10:50 am

    PLEASE tell me someone followed besides Keith and bought in on VEXP

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

    aweosme mike, whatcha got on tap for tomorrow, give us a teaser of your brilliance!

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

    aweosme mike, whatcha got on tap for tomorrow, give us a teaser of your brilliance!

  • http://www.getflashmedia.com ivegotstylekid

    osama bin sec just slapped me with a equity call for going over by 1 trade, bullshit. I’ll dispute it and hopefully get the best of it

  • http://www.getflashmedia.com ivegotstylekid

    osama bin sec just slapped me with a equity call for going over by 1 trade, bullshit. I’ll dispute it and hopefully get the best of it

  • http://www.getflashmedia.com ivegotstylekid

    just saw all the hate posts at the lion, im sure you a;ready know and could care less. keep preachin

  • http://www.getflashmedia.com ivegotstylekid

    just saw all the hate posts at the lion, im sure you a;ready know and could care less. keep preachin

  • MTXR

    is Tony Ellis on Covestor? I want an audit! :-D

  • MTXR

    is Tony Ellis on Covestor? I want an audit! :-D

  • Mike_13th

    Thanks Tim,
    oh man I gotta watch EDGR.
    Here’s the deal,a bad chart ( like VEXP was )it hit 2.13 today only strangely to have it fall huge down to 1.91 and then to finish in the red.
    So it’s up in AH on decent volume and I see no new news as of yet.Just what was released this morning.
    IF it gets late news before the market open tomorrow it could be a nice runner right out of the gate.
    That’s the way a lot of these “late” pre hits do.
    I zero in at 9:15 and I’ll be watching EDGR for sure.

  • Mike_13th

    Thanks Tim,
    oh man I gotta watch EDGR.
    Here’s the deal,a bad chart ( like VEXP was )it hit 2.13 today only strangely to have it fall huge down to 1.91 and then to finish in the red.
    So it’s up in AH on decent volume and I see no new news as of yet.Just what was released this morning.
    IF it gets late news before the market open tomorrow it could be a nice runner right out of the gate.
    That’s the way a lot of these “late” pre hits do.
    I zero in at 9:15 and I’ll be watching EDGR for sure.

  • Mike_13th

    fwiw,I’m short SFN and Beacon pump SBKC.
    I know it’s tough to short into a chart like SBKC but that last eod spike just gave me the feeling that the run is close to over.

    And YIKES I’m still long LAUD IDAE,what the he** am I doing? lol

    Looking for HYHY to pull a HYGS (what a short on red today )tomorrow,on red.

    You and I both called PLUG as potential longer term short last week.
    You hit the head right on the nail when you said it’s one of the biggest dogs out there.It always was and is.

    And for anyone that thinks I don’t have losers,well I’m long and strong ( not )YBTVA.
    All $500 worth @ .25 but gonna go in HUGE with another 500 bucks at open long:)

  • Mike_13th

    fwiw,I’m short SFN and Beacon pump SBKC.
    I know it’s tough to short into a chart like SBKC but that last eod spike just gave me the feeling that the run is close to over.

    And YIKES I’m still long LAUD IDAE,what the he** am I doing? lol

    Looking for HYHY to pull a HYGS (what a short on red today )tomorrow,on red.

    You and I both called PLUG as potential longer term short last week.
    You hit the head right on the nail when you said it’s one of the biggest dogs out there.It always was and is.

    And for anyone that thinks I don’t have losers,well I’m long and strong ( not )YBTVA.
    All $500 worth @ .25 but gonna go in HUGE with another 500 bucks at open long:)

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

    mike u and tony should both get on covestor–theyre gonna start paying people to autotrade off u

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

    mike u and tony should both get on covestor–theyre gonna start paying people to autotrade off u

  • noobtrader.08

    for the record… I have never posted on another site other than this one. my mother didn’t raise a fool…

    I respect those who find success as traders and am humbled every time I read an article about a loss (of any size), be it on this site or another site.

    I’m already successful, have a great job (I’m one of the bosses), but would like to make a career change. That’s why I’m here, to learn, be humbled, and make a couple extra bucks.

    respectfully,
    adam

  • noobtrader.08

    for the record… I have never posted on another site other than this one. my mother didn’t raise a fool…

    I respect those who find success as traders and am humbled every time I read an article about a loss (of any size), be it on this site or another site.

    I’m already successful, have a great job (I’m one of the bosses), but would like to make a career change. That’s why I’m here, to learn, be humbled, and make a couple extra bucks.

    respectfully,
    adam

  • noobtrader.08

    Mike_13th… what is one thing you would tell/advise a person who has never traded, before he makes his first trade?

  • noobtrader.08

    Mike_13th… what is one thing you would tell/advise a person who has never traded, before he makes his first trade?

  • yaktipper

    One of the funniest articles I’ve read in a while, mainly because it is true and describes me. Thanks Tim.

  • yaktipper

    One of the funniest articles I’ve read in a while, mainly because it is true and describes me. Thanks Tim.

  • ldbobby

    I’ve been a reader of TheLion for 4 years now and I don’t post jack shit squat. It is not a site for pump and dumps or sheep that post every second. So guys, please have the respect to keep your mouth shut. Thanks! :)

    I enjoy reading this site too. I share the same feelings you have towards the SEC Tim. Keep up the good work!

  • ldbobby

    I’ve been a reader of TheLion for 4 years now and I don’t post jack shit squat. It is not a site for pump and dumps or sheep that post every second. So guys, please have the respect to keep your mouth shut. Thanks! :)

    I enjoy reading this site too. I share the same feelings you have towards the SEC Tim. Keep up the good work!

  • SamuraiRat

    I was going to ask that the Bid/Ask was on Thelion.com, i guess i wont now =/

  • SamuraiRat

    I was going to ask that the Bid/Ask was on Thelion.com, i guess i wont now =/

  • Bob (VC)

    Tim, your pimp hand is strong :)

  • Bob (VC)

    Tim, your pimp hand is strong :)

  • Tony Ellis

    OIL spike!

  • Tony Ellis

    OIL spike!

  • Kris

    KRY..first red day.

  • Kris

    KRY..first red day.

  • Kris

    Tim mentioned KRY yesterday.

  • Kris

    Tim mentioned KRY yesterday.

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

    haha kry not a red day until the end of the day, right now it could be anything

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

    haha kry not a red day until the end of the day, right now it could be anything

  • Kris

    oh, sorry about that…edited note:place KRY on watchlist..lol

  • Kris

    oh, sorry about that…edited note:place KRY on watchlist..lol

  • Woodrow

    Another newb tip, stay away from Scottrade. I’m still getting SPAM from them. Online broker my @$$. Not pennystocking friendly.

    Matter of fact, I think the only online trades I could make with them were ones they were pumping via email.

  • Woodrow

    Another newb tip, stay away from Scottrade. I’m still getting SPAM from them. Online broker my @$$. Not pennystocking friendly.

    Matter of fact, I think the only online trades I could make with them were ones they were pumping via email.

  • WallSt2WallSt

    If some of you traders need the action but can’t find a good trade for the day, then…… I suggest that you fade Brandon Lang. I have been fading him for 3 years. He has never shown a profit in any of the 3 years that he has been touting on the Internet. Just an FYI. He is the one of the worst cappers I have ever seen.

  • WallSt2WallSt

    If some of you traders need the action but can’t find a good trade for the day, then…… I suggest that you fade Brandon Lang. I have been fading him for 3 years. He has never shown a profit in any of the 3 years that he has been touting on the Internet. Just an FYI. He is the one of the worst cappers I have ever seen.

  • http://collegecharters.com Thomas Katalenas

    Hey tim what are you going to do when you have too much money to invest in penny stocks?

  • http://collegecharters.com Thomas Katalenas

    Hey tim what are you going to do when you have too much money to invest in penny stocks?

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

    never too much $ to play penny stocks…even at $100mil, hell, then i ‘ll create my own penny stocks!

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

    never too much $ to play penny stocks…even at $100mil, hell, then i ‘ll create my own penny stocks!

  • thebabyfacedtrader

    I recognize my place and will continue to stay on this message board. How long does it take before one is no longer a newbie?

  • thebabyfacedtrader

    I recognize my place and will continue to stay on this message board. How long does it take before one is no longer a newbie?