CHATROOM

Say Hello To The Most Popular Member On Covestor: Timmay!

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

Covestor: Timmay, are you ready for this, champ?
Timmay: I’ve been ready for this my whole life!
Covestor: Then you take us out of the dark ages.

Many said it couldn’t be done. A trader who focuses on penny stocks? A penny stock day trader? A penny stock day trader whose specialty is short selling? Total niche strategy.

And yet just one day after Covestor opened up to everyone, I am now the most popular trader/investor (see rankings HERE) and by a healthy margin. Disney is even thinking of making a movie based on my life with Jon Favreau as my chubby by lovable best friend Eddie Z.

You can track my trades by following me HERE…usually same day, if not 1 day behind…technology is still new…or get real-time trade alerts, within seconds of my actual executions, emailed to you by signing up HERE

When Covestor called me to honor me with the top spot, I blurted out “I wanna prove to everybody…” but Covestor interrupted and said:

Prove what? Awww, you are so full of crap. You’re $600,000+ net worth nothin’, 27 years old and nothin’, and you have barely a speck of investing ability. And you toppled the best investors in cyberspace for the past seven months. And you’re gonna have the honor of taking this narrow-minded and corrupt industry mainstream. In this life, you don’t have to prove nothin’ to nobody but yourself. And after what you’ve gone through, and what you’re about experience, if you haven’t done that or gotten comfortable with that by now, it ain’t gonna never happen. Now go on back.

You’re so wise Covestor, my work really is just beginning…

Posted in Analogies, Cool Products, Milestones

  • http://www.test.timothysykes.com/timsykes/2008/06/20/1472/ | TIM – Timothy Sykes

    [...] #1 on Covestor! [...]

  • http://www.test.timothysykes.com/timsykes/2008/06/20/1472/ | TIM – Timothy Sykes

    [...] #1 on Covestor! [...]

  • Bob (VC)

    Wow Tim, it reads as though that Yahoo resignation letter has had a profound affect on you…

  • Bob (VC)

    Wow Tim, it reads as though that Yahoo resignation letter has had a profound affect on you…

  • http://www.howardlindzon.com howard lindzon

    congrats….now I have someone to shoot for. signing up today

  • http://www.howardlindzon.com howard lindzon

    congrats….now I have someone to shoot for. signing up today

  • jdbarr

    TOS is no longer allowing its customers to short OTCBB stocks. Have you heard this Tim?

  • jdbarr

    TOS is no longer allowing its customers to short OTCBB stocks. Have you heard this Tim?

  • getshorty

    jdbarr I don’t know what the heck are you talking about, I just reserved some shorts on a fet OTCBB with TOS, where do you get your info from?

  • getshorty

    jdbarr I don’t know what the heck are you talking about, I just reserved some shorts on a fet OTCBB with TOS, where do you get your info from?

  • Fantom

    Thanks VC,

    Put WGO on the radar guys. They

  • Fantom

    Thanks VC,

    Put WGO on the radar guys. They

  • Fantom

    Tim and family how are you going to short if TOS is allowing any shorts OTC?

  • Fantom

    Tim and family how are you going to short if TOS is allowing any shorts OTC?

  • Bob (VC)

    Yes Fantom continue to pump that Visa!!! Go go go!!!! :)

    I’m still a bit negative on my V holdings, but it’s only 25 shares..

  • Bob (VC)

    Yes Fantom continue to pump that Visa!!! Go go go!!!! :)

    I’m still a bit negative on my V holdings, but it’s only 25 shares..

  • sniper6

    All I can say is, what the fuck. Likely to short HBAN over the weekend, pending action this afternoon.

  • sniper6

    All I can say is, what the fuck. Likely to short HBAN over the weekend, pending action this afternoon.

  • jdbarr

    I was told this directly by TOS.

  • jdbarr

    I was told this directly by TOS.

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

    yup penson changed the rules…looks like we’ll be moving to IB for those shorts…

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

    yup penson changed the rules…looks like we’ll be moving to IB for those shorts…

  • YoungGunz

    Sounds like there is some inconsistencies between which agent you get when you call them up. Are you guys sending in the short request and getting rejected then calling or are you doing your trades by phone?

  • YoungGunz

    Sounds like there is some inconsistencies between which agent you get when you call them up. Are you guys sending in the short request and getting rejected then calling or are you doing your trades by phone?

  • YoungGunz

    Thats lame. Looks like they’ll be losing a nice group of customers. Too bad we aren’t a bigger group to make them care.

  • YoungGunz

    Thats lame. Looks like they’ll be losing a nice group of customers. Too bad we aren’t a bigger group to make them care.

  • sniper6

    That’s ok TOS, I will continue to use your paper money option to get quotes & availability information anyway, and you won’t get another dime out of me. Eat shit.

  • sniper6

    That’s ok TOS, I will continue to use your paper money option to get quotes & availability information anyway, and you won’t get another dime out of me. Eat shit.

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

    if u read my book, u know u gotta expect rule changes…adapt or die

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

    if u read my book, u know u gotta expect rule changes…adapt or die

  • YoungGunz

    Yeah, you just hope that they don’t all start following suit and make it even harder to find online brokers.

  • YoungGunz

    Yeah, you just hope that they don’t all start following suit and make it even harder to find online brokers.

  • sniper6

    oh my god someone actually purchased 9000 shares of OSRS. Wow, 12 % pop, fuck me running, malt liquor for every one.

  • sniper6

    oh my god someone actually purchased 9000 shares of OSRS. Wow, 12 % pop, fuck me running, malt liquor for every one.

  • noobtrader.08

    All that said about TOS, would you still recommend them as a broker?

    Tim, what was the name of that other broker you were talking about opening an account with? Have you opened an account with them yet?

  • noobtrader.08

    All that said about TOS, would you still recommend them as a broker?

    Tim, what was the name of that other broker you were talking about opening an account with? Have you opened an account with them yet?

  • Bob (VC)

    I have an unfunded TOS account, and it looks as though it will stay that way..

  • Bob (VC)

    I have an unfunded TOS account, and it looks as though it will stay that way..

  • Zykosis

    but thinkorswim is so pretty lol

  • Zykosis

    but thinkorswim is so pretty lol

  • Gburleson1

    SInce we cant short with TOS who is everybody moving to now?

  • Gburleson1

    SInce we cant short with TOS who is everybody moving to now?

  • Bob (VC)

    Looks like the only one left for otc shorts is IB

  • Bob (VC)

    Looks like the only one left for otc shorts is IB

  • Flipper

    Watch TELK

  • Flipper

    Watch TELK

  • Joeygamble

    And i hope you have the $10,000 minimum to fund IB

  • Joeygamble

    And i hope you have the $10,000 minimum to fund IB

  • sniper6

    Short HBAN 200 @ $6.60

  • sniper6

    Short HBAN 200 @ $6.60

  • Adam

    hope you’re all making money today, im to busy today to trade anything, have a great weekend

  • Adam

    hope you’re all making money today, im to busy today to trade anything, have a great weekend

  • Keith

    Sniper thanks for HBAN Im short from 6.67 looks like we will fade lower this afternoon. Support @ 6.00-6.10 looks possible. For nice 8-10 %

  • Keith

    Sniper thanks for HBAN Im short from 6.67 looks like we will fade lower this afternoon. Support @ 6.00-6.10 looks possible. For nice 8-10 %

  • Davey

    Nice little option with IB, if you are 21 and under you only need at least 3K. I’m 21 and at about 9800 so I’m good if we’re jumping ship.

  • Davey

    Nice little option with IB, if you are 21 and under you only need at least 3K. I’m 21 and at about 9800 so I’m good if we’re jumping ship.

  • Flipper

    Did anyone shorted FPP?

  • Flipper

    Did anyone shorted FPP?

  • Bob (VC)

    10k for IB, huh F that..

  • Bob (VC)

    10k for IB, huh F that..

  • Flipper

    Good luck sniper with HBAN shorting, but that thing does not yet show the sign of fading, it looks more like consolidating to me. Fading was the chart of FPP, if you had shorted.

  • Flipper

    Good luck sniper with HBAN shorting, but that thing does not yet show the sign of fading, it looks more like consolidating to me. Fading was the chart of FPP, if you had shorted.

  • sniper6

    yeh keith, looking to cover today @ 6.00, but not worried about holding thru weekend, this is a FUF (fucked-up-financial), next week will test $5 easily IMO

  • sniper6

    yeh keith, looking to cover today @ 6.00, but not worried about holding thru weekend, this is a FUF (fucked-up-financial), next week will test $5 easily IMO

  • sniper6

    I hope not Flipper, already my my nuts kicked in this week with SIRI long, need to end the week on an up note.

  • sniper6

    I hope not Flipper, already my my nuts kicked in this week with SIRI long, need to end the week on an up note.

  • Flipper

    Take a look at POL chart, it could not hold $8, tried second time, could not reach, and thereby more likely will go back to $7, great shorting opportunity!

  • Flipper

    Take a look at POL chart, it could not hold $8, tried second time, could not reach, and thereby more likely will go back to $7, great shorting opportunity!

  • YngvaiMalmsteve

    Well, I don’t have $10K so I can’t move to IB. Looks like it’s going to be mostly long positions for me for a while.

    However, one thing I DO like about TOS is you can usually do more than 4 day trades every 5 days. I don’t know how their day-trade buying calculation works for flagged accounts, but I’ve found I can do more than 4 in the rolling 5 days. Hell, I did 3 today and my DTBP is back at its maximum. So I’m sticking with TOS for now because it lets me exit trades quickly without completely ruining my buying power.

  • YngvaiMalmsteve

    Well, I don’t have $10K so I can’t move to IB. Looks like it’s going to be mostly long positions for me for a while.

    However, one thing I DO like about TOS is you can usually do more than 4 day trades every 5 days. I don’t know how their day-trade buying calculation works for flagged accounts, but I’ve found I can do more than 4 in the rolling 5 days. Hell, I did 3 today and my DTBP is back at its maximum. So I’m sticking with TOS for now because it lets me exit trades quickly without completely ruining my buying power.

  • YoungGunz

    well i’m f’ed then for a while. I don’t have 10k to move yet. I am over 21 too. Any other brokers someone can recommend that short OTC stocks? I actually haven’t even paid attention to how many stocks that I trade that are even OTC.

  • YoungGunz

    well i’m f’ed then for a while. I don’t have 10k to move yet. I am over 21 too. Any other brokers someone can recommend that short OTC stocks? I actually haven’t even paid attention to how many stocks that I trade that are even OTC.

  • getshorty

    Shorted 600 fpp at 6.34 covered at 6.05, not much but it was a profitable breakfast

  • getshorty

    Shorted 600 fpp at 6.34 covered at 6.05, not much but it was a profitable breakfast

  • Keith

    I dont no but HBAN is better short than POL and as we watch she is dropping nicely.Lower high and lower lows. Good luck to all

  • Keith

    I dont no but HBAN is better short than POL and as we watch she is dropping nicely.Lower high and lower lows. Good luck to all

  • lauren

    who is broker IB? The full name?

  • lauren

    who is broker IB? The full name?

  • Liam

    Interactive Broker their customer service is terrible…

  • Liam

    Interactive Broker their customer service is terrible…

  • YngvaiMalmsteve

    For those of us with the under $10K accounts, looks like we’re just going to have to get good at going long

  • YngvaiMalmsteve

    For those of us with the under $10K accounts, looks like we’re just going to have to get good at going long

  • Davey

    What about TD Ameritrade, doesn’t jeff moates find shares there.

  • Davey

    What about TD Ameritrade, doesn’t jeff moates find shares there.

  • YngvaiMalmsteve

    At least we can still short the crappy AMEX ones with TOS

  • YngvaiMalmsteve

    At least we can still short the crappy AMEX ones with TOS

  • Kris

    I have TD AMeri..we can not short BB’s

  • Kris

    I have TD AMeri..we can not short BB’s

  • Rambone

    EEE coal stock at 1.73 at day highs with high volume.

  • Rambone

    EEE coal stock at 1.73 at day highs with high volume.

  • Fantom

    “Tom Cruise” Did you pump that stock?
    “Tim Family? You’re dam right I pumped it!!!

    Wait till Christmas, all I want is a new Visa card!

    You should cover those shorts.

    Never, I’ll never cover as long as its not under the rock it came from!

    Ha!

  • Fantom

    “Tom Cruise” Did you pump that stock?
    “Tim Family? You’re dam right I pumped it!!!

    Wait till Christmas, all I want is a new Visa card!

    You should cover those shorts.

    Never, I’ll never cover as long as its not under the rock it came from!

    Ha!

  • Flipper

    Anybody got in TELK? I did @ $1.50 and now time to cash out some, or maybe wait!

  • Flipper

    Anybody got in TELK? I did @ $1.50 and now time to cash out some, or maybe wait!

  • YngvaiMalmsteve

    Timmay should start his own brokerage. Call it TIMTRADE. Small-account friendly. Low commissions for people with small accounts. Lets you short OTC stocks.

  • YngvaiMalmsteve

    Timmay should start his own brokerage. Call it TIMTRADE. Small-account friendly. Low commissions for people with small accounts. Lets you short OTC stocks.

  • Rambone

    LGND at 2.73 high volume. biotech play

  • Rambone

    LGND at 2.73 high volume. biotech play

  • Flipper

    I agree with YngvaiMalmsteve, except Tim can not have this teaching dedication anymore, don’t you think? What do you say Tim?

  • Flipper

    I agree with YngvaiMalmsteve, except Tim can not have this teaching dedication anymore, don’t you think? What do you say Tim?

  • Bob (VC)

    TIMTrade, hahaha! I could picture it now, built in audio alerts in Tim’s voice. “What! you’re shorting way too early. You deserve to get squeezed you stupid MF!”

    No extra fees for the verbal abuse :)

  • Bob (VC)

    TIMTrade, hahaha! I could picture it now, built in audio alerts in Tim’s voice. “What! you’re shorting way too early. You deserve to get squeezed you stupid MF!”

    No extra fees for the verbal abuse :)

  • Rambone

    PEIX at 2.10. Easy 10% scalp within a few days. Held 2 support and bounced off of it.

  • Rambone

    PEIX at 2.10. Easy 10% scalp within a few days. Held 2 support and bounced off of it.

  • YngvaiMalmsteve

    Haha, Bob!

  • YngvaiMalmsteve

    Haha, Bob!

  • Fantom

    HBAB good for a scalp.

    Join me as we bring ms, bac, wb, leh, ctx, len, kbh, to their knees.

    They will have no choice but to expose their true balance sheets, which will show negative digits.

    They’ve been running on credit, now their time is up!

  • Fantom

    HBAB good for a scalp.

    Join me as we bring ms, bac, wb, leh, ctx, len, kbh, to their knees.

    They will have no choice but to expose their true balance sheets, which will show negative digits.

    They’ve been running on credit, now their time is up!

  • YoungGunz

    Yeah he’d need to put that little animation he uses for Tim Bucks to squawk at you while you’re making trades.

  • YoungGunz

    Yeah he’d need to put that little animation he uses for Tim Bucks to squawk at you while you’re making trades.

  • http://www.test.timothysykes.com Pallian (Moderator)

    livestock time guys – tune in and enjoy!

  • http://www.test.timothysykes.com Pallian (Moderator)

    livestock time guys – tune in and enjoy!

  • sniper6

    I’m with ya fantom, however, I am polishing up the bullet for bigger game. I want to see GS grovel, that dirty whore!

  • sniper6

    I’m with ya fantom, however, I am polishing up the bullet for bigger game. I want to see GS grovel, that dirty whore!

  • Zykosis

    did they say why they aren’t allowing shorting BB stocks?

  • Zykosis

    did they say why they aren’t allowing shorting BB stocks?

  • Keith

    Did I mention I was sitting by the pool over looking Banderas Bay in Puerto Vallarta Mexico. Oh ya its a 6000 sq ft private residence (not mine). This is how I want to trade all the time. Oh ya, did you say Margarita honey.Thanks

  • Keith

    Did I mention I was sitting by the pool over looking Banderas Bay in Puerto Vallarta Mexico. Oh ya its a 6000 sq ft private residence (not mine). This is how I want to trade all the time. Oh ya, did you say Margarita honey.Thanks

  • Fantom

    Great show Tim, we want more! I was there.

  • Fantom

    Great show Tim, we want more! I was there.

  • http://beatdown.blogspot.com vo

    Keith – I’m sitting in an office cubicle. Damn U! LOL

  • http://beatdown.blogspot.com vo

    Keith – I’m sitting in an office cubicle. Damn U! LOL

  • sniper6

    okay HBAN- you know what to do- just give it up smooth, I don’t wannna have to hurt you. Just relax and try to enjoy it, it’s not so bad….

  • sniper6

    okay HBAN- you know what to do- just give it up smooth, I don’t wannna have to hurt you. Just relax and try to enjoy it, it’s not so bad….

  • Keith

    I hear ya Sniper. A little Vaseline wouldnt hurt.

  • Keith

    I hear ya Sniper. A little Vaseline wouldnt hurt.

  • sniper6

    nothing a swift workboot to the chops wouldn’t cure

  • sniper6

    nothing a swift workboot to the chops wouldn’t cure

  • YoungGunz

    Speed Trader has 2k minimum margin and advertises trading on BB and pink sheets. I don’t know if they limit that to just buying or shorting as well.

  • YoungGunz

    Speed Trader has 2k minimum margin and advertises trading on BB and pink sheets. I don’t know if they limit that to just buying or shorting as well.

  • lmsmith

    What a day! even though I have no intentions on covering my short on HBAN today from 6.08- I watch the stock surge- “ouch” so the only good thing I did was double on my position and shorted additional shares @ 6.81— risky– but I washed out that would have been ugly loss…… anyways holding until next week……

  • lmsmith

    What a day! even though I have no intentions on covering my short on HBAN today from 6.08- I watch the stock surge- “ouch” so the only good thing I did was double on my position and shorted additional shares @ 6.81— risky– but I washed out that would have been ugly loss…… anyways holding until next week……

  • sniper6

    Smitty, good call IMO, doing likewise. In short @ $6.60

  • sniper6

    Smitty, good call IMO, doing likewise. In short @ $6.60

  • Keith

    I am concerned of closing hod today and gap open monday.

  • Keith

    I am concerned of closing hod today and gap open monday.

  • Fantom

    Imsmith cut the loss Monday. HBAN is a runner stick to the losers.

    I can see it now, “Tim Sykes makes community millionaires”

    Ha,Ha,Ha!

  • Fantom

    Imsmith cut the loss Monday. HBAN is a runner stick to the losers.

    I can see it now, “Tim Sykes makes community millionaires”

    Ha,Ha,Ha!

  • Fantom

    If your scared now is the time to cover. Ha, ha!

  • Fantom

    If your scared now is the time to cover. Ha, ha!

  • Fantom

    I called it check the past post. Hey where is everyone? Ha! Ha!

    http://www.fool.com/investing/general/2008/06/20/thursdays-worst-stocks-in-the-world.aspx

  • Fantom

    I called it check the past post. Hey where is everyone? Ha! Ha!

    http://www.fool.com/investing/general/2008/06/20/thursdays-worst-stocks-in-the-world.aspx

  • http://www.glguideservice.com Jeff C

    Anyone shorting NYNY over the weekend?

  • http://www.glguideservice.com Jeff C

    Anyone shorting NYNY over the weekend?

  • Keith

    i am ought of HBAN short @ 6.73. $50.00 loss Everyone have a great weekend.

  • Keith

    i am ought of HBAN short @ 6.73. $50.00 loss Everyone have a great weekend.

  • http://www.glguideservice.com Jeff C

    yngvai,

    Is their a place on TOS to view your daytrade cycles, ie how many you’ve made? Just curious? Hope you were long NYNY today bro.

  • http://www.glguideservice.com Jeff C

    yngvai,

    Is their a place on TOS to view your daytrade cycles, ie how many you’ve made? Just curious? Hope you were long NYNY today bro.

  • YngvaiMalmsteve

    Jeff,

    Not that I know of. I just know that I made 3 today, but my daytrade buying power is back at my total account size. Usually it doesn’t reset like that but it did today. Maybe because I didn’t make many day trades earlier in the week.

    But I do know that I’ve done more than 4 in a rolling 5 day period, as long as the trades don’t exceed my buying power (the software won’t let you exceed it anyway).

    I wasn’t in NYNY. Didn’t have a good day today, total account down 6% from yesterday (but still up 13% from June 10). Two bad trades. PDO…got out quick for a small loss but shouldn’t have entered in the first place…not a favorable chart pattern. Second was HYHY…jumped in before the breakout, got out quick for a loss. I reentered HYHY when it broke $2.66, but it didn’t hold the breakout and I got out again for a loss. Overall $200 loss, account now to $3200 from $3400. Still up from $2800 on June 10th. Really, it should’ve only been a $100 loss because the third HYHY trade was the only good entry I should’ve made based on the charts (even though the breakout failed).

    I should’ve gotten in SDTH…Superman pick. I’m always checking for his picks in the morning but because I was caught up in watching HYHY I missed it this morning.

  • YngvaiMalmsteve

    Jeff,

    Not that I know of. I just know that I made 3 today, but my daytrade buying power is back at my total account size. Usually it doesn’t reset like that but it did today. Maybe because I didn’t make many day trades earlier in the week.

    But I do know that I’ve done more than 4 in a rolling 5 day period, as long as the trades don’t exceed my buying power (the software won’t let you exceed it anyway).

    I wasn’t in NYNY. Didn’t have a good day today, total account down 6% from yesterday (but still up 13% from June 10). Two bad trades. PDO…got out quick for a small loss but shouldn’t have entered in the first place…not a favorable chart pattern. Second was HYHY…jumped in before the breakout, got out quick for a loss. I reentered HYHY when it broke $2.66, but it didn’t hold the breakout and I got out again for a loss. Overall $200 loss, account now to $3200 from $3400. Still up from $2800 on June 10th. Really, it should’ve only been a $100 loss because the third HYHY trade was the only good entry I should’ve made based on the charts (even though the breakout failed).

    I should’ve gotten in SDTH…Superman pick. I’m always checking for his picks in the morning but because I was caught up in watching HYHY I missed it this morning.

  • SamuraiRat

    Your Number 1 in popularity, but WTF is up with “Rmoney” – 1,575% Ann. Return, either Covestor is messed up, or this guys nuts.

    Either way, your my favorite.

  • SamuraiRat

    Your Number 1 in popularity, but WTF is up with “Rmoney” – 1,575% Ann. Return, either Covestor is messed up, or this guys nuts.

    Either way, your my favorite.

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