CHATROOM

TIM 2nd Quarter Review: I Suck But Most Everyone Else In This Joke Of An Industry Sucks Worse

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After only a decent April (see monthly review HERE) and a heartbreaking (wasted opportunities galore) May (see monthly review HERE), my 14% June return (see monthly overview HERE) basically made my 16.6% quarter, my trading account surging from just over $17k to just over $20k, allowing me to continue to rip on this joke of an industry since even with all my mistakes I’m still doing better than 99% of the people out there, most of whom perform slightly worse than the major indexes (90% of traders lose $, 70% of fund managers fail to beat the S&P 500 cuz they’re schmucks!):

Below are all my trades and best/most important posts from the quarter that was:

TIM’s trades for April, 2008

Date Stock Buy Sell Net
April 2 ASTI $13.10 $13.13 $0
April 7 SYNM $1.07 $1.20 $370
April 9 PSTI $4.65 $5.00 $330
April 10 PSTI $4.27 $4.38 $180
April 15 KOG $2.82 $2.75 ($50)
April 17 VISN $14.45 $14.16 ($180)
April 18 EDEN $2.35 $2.55 $180
April 21 EDEN $2.01 $2.20 $257
April 24 PDO $6.15 $6.22 $27
April 28 PDO $8.18 $8.84 $135
April 29 MXC $10.50 $10.00 ($264)
April 30 BSHF $2.61 $2.55 ($74)

April Up 5.15% (Read full article)

TIM’s trades for May, 2008

Date Stock Buy Sell Net
May 2 VM $3.97 $4.01 $12
May 5 LGDI 4.42 $4.67 $353
May 6 VRML $4.42 $4.36 ($180)
May 7 VRML $3.05 $3.75 $890
May 12 CNEX $7.20 $6.00 ($740)
May 16 KYUS $2.50 $2.49 ($67)
May 19 FPP $4.13 $3.92 ($363)
May 19 MXC $27.50 $27.08 ($95)
May 21 FPP $8.02 $7.44 ($599)
May 21 PDO $27.49 $26.38 ($343)
May 22 FPP $6.25 $7.00 $505
May 23 PDO $21.00 $20.00 $310
May 28 NTI $12.00 $12.47 $483

May Down 2.67% (Read full article)

TIM’s trades for June, 2008

Date Stock Buy Sell Net
June 2 NTI $13.76 $13.70 $50
June 4 GRO $6.91 $7.37 $230
June 4 PTEK $4.90 $5.15 $135
June 5 PTEK $5.14 $5.40 $470
June 9 PTEK $4.74 $4.69 $53
June 11 STXX $4.22 $4.00 $250
June 12 STXX $4.99 $5.34 $659
June 18 HYHY $2.26 $2.38 $262
June 18 TGC $1.69 $1.78 $250
June 18 HYHY $2.28 $2.31 $40
June 20 PINN $3.31 $3.44 $175
June 24 URRE $3.90 $4.05 $205
June 25 URRE $4.39 $4.40 $2
June 30 CNEH $4.60 $4.88 $393

June Up +13.84%

Quarter +16.6%

Fun Times:

Grad student uses my DVD to make $50,000+

Although my strategy also helped someone make $300k

Ding dong, the witch is dead! Or close to it

Newbies gotta learn to shut up…but only on other sites

The most thorough review of my PennyStocking DVD yet

This is what I do on my birthday…can you say workaholic?

Is that really Maria Bartiromo? Wow

Kids, don’t grow up to be Randall Lane, seriously.

Important Lessons:

Gotta buy perfect breakouts like this

Yup, this is what all these stocks are

Go on, be a Tiger

Or a lion

Trust nobody in this gutter of a profession

Suck on this Dennis Gartman, you just got outclassed BIGTIME!

This is required reading, it’s not optional

This is what sideways price action is

Books you gotta read, HERE and HERE

This is what short selling is, learn it or suffer like everyone else

Penny stock misconceptions

Stop shorting random penny stocks you friggin hyenas!

Rants:

Covestor is my best friend

What I mean when I say Osama bin SEC

Gotta love my haters, thanks guys!

The SEC is following me!

Typical Wall Street prick

Most financial writers suck too

Posted in Bad Trades, Good Trades, Quarterly Review

  • Keith

    GIGM looks like it wants to explode through 13.00 I am long from this AM. I know its after the fact

  • Keith

    GIGM looks like it wants to explode through 13.00 I am long from this AM. I know its after the fact

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

    PSS to all TIMalert subscribers, we’ll validate everyone toinght, still formatting the site so its commentable like this one

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

    PSS to all TIMalert subscribers, we’ll validate everyone toinght, still formatting the site so its commentable like this one

  • getshorty

    Tim, whats your take on GIGM, looks like a dead cat bounce to me.

  • getshorty

    Tim, whats your take on GIGM, looks like a dead cat bounce to me.

  • Ryan

    ERII re-entered 200 shares at $11.60 with a plan to hold o/n if it doesn’t drop below $11.25 by eod.

  • Ryan

    ERII re-entered 200 shares at $11.60 with a plan to hold o/n if it doesn’t drop below $11.25 by eod.

  • Fantom

    Tim do you have link for your fox news interview?

  • Fantom

    Tim do you have link for your fox news interview?

  • Bob (VC)

    Well, looking at the above, it certainly wasn’t a TIM-MAY!!

    Yeah, that was lame…

  • Bob (VC)

    Well, looking at the above, it certainly wasn’t a TIM-MAY!!

    Yeah, that was lame…

  • Ryan

    ERII, took me out sooo quickly, stopped at $11.25…($84 loss)…superman…did you already sell????

  • Ryan

    ERII, took me out sooo quickly, stopped at $11.25…($84 loss)…superman…did you already sell????

  • getshorty

    Stupidly shorted 100 shares of GIGM at 12.19, can’t get out cause freaking PDT. At least am way up for the day

  • getshorty

    Stupidly shorted 100 shares of GIGM at 12.19, can’t get out cause freaking PDT. At least am way up for the day

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

    chec out my buddy’s latest post on tradingmarkets.com:

    http://www.tradingmarkets.com/.site/options/commentary/optstrats/-77473.cfm

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

    chec out my buddy’s latest post on tradingmarkets.com:

    http://www.tradingmarkets.com/.site/options/commentary/optstrats/-77473.cfm

  • marketGirl

    i am banking on VVUS.. gota be a good gap up tommorow at the open..

  • marketGirl

    i am banking on VVUS.. gota be a good gap up tommorow at the open..

  • leo00o83

    anybody in GETG? I shorted at 4.74 after the .25$ dump, looking good so far

  • leo00o83

    anybody in GETG? I shorted at 4.74 after the .25$ dump, looking good so far

  • yaktipper

    Anyone that tracks me on Covestor knows I’m a one-trick pony with APWR — it is currently on its way up in a violent way. I’d appreciate any insights into price/volume and/or effects on shorts for tomorrow’s price action.

  • yaktipper

    Anyone that tracks me on Covestor knows I’m a one-trick pony with APWR — it is currently on its way up in a violent way. I’d appreciate any insights into price/volume and/or effects on shorts for tomorrow’s price action.

  • Pumacom

    I’m with you MarketGirl… I jumped in on that one today too… I’d been stalking it waiting for it to break 7.50 and jumped in… at least a .50c gain tomorrow for VVUS… I’m in ALTH too for another gap up…

  • Pumacom

    I’m with you MarketGirl… I jumped in on that one today too… I’d been stalking it waiting for it to break 7.50 and jumped in… at least a .50c gain tomorrow for VVUS… I’m in ALTH too for another gap up…

  • getshorty

    Wow… erii back were I bouhgt it, so happy I went out on the high 12s.

    GREAT NEWS TO MY FELLOW CANADIANS !!!!

    11:24 dingo907: can you tell me how PDT I have available, I did one yesterday
    11:25 nickt: how many are you looking for there?
    11:27 dingo907: for PDT I mean how day trades I have available
    11:27 dingo907: how many day trades
    11:33 dingo907: nick?
    11:33 dingo907: wondering how many daytrades I have left
    11:39 nickt: You are a canadian account so there is not a day trading restriction

    WE ARE FREE FROM OSAMA BIN SEC !!!!

    BRING ON THE CHAMPAGNE !!!

    also reconfirmed after. TOS cdn accounts clear in Canada, that why they are not binded, while IB clears in the US.
    So I guess I’ll catch out my IB account and move all my funds to TOS now.

    I’m loving it

  • getshorty

    Wow… erii back were I bouhgt it, so happy I went out on the high 12s.

    GREAT NEWS TO MY FELLOW CANADIANS !!!!

    11:24 dingo907: can you tell me how PDT I have available, I did one yesterday
    11:25 nickt: how many are you looking for there?
    11:27 dingo907: for PDT I mean how day trades I have available
    11:27 dingo907: how many day trades
    11:33 dingo907: nick?
    11:33 dingo907: wondering how many daytrades I have left
    11:39 nickt: You are a canadian account so there is not a day trading restriction

    WE ARE FREE FROM OSAMA BIN SEC !!!!

    BRING ON THE CHAMPAGNE !!!

    also reconfirmed after. TOS cdn accounts clear in Canada, that why they are not binded, while IB clears in the US.
    So I guess I’ll catch out my IB account and move all my funds to TOS now.

    I’m loving it

  • lakhanin

    Tim, been checking out your site lately. Its been a great help! I just wanted to know how I could get my hands on the software you use in the second episode of the first season of Wall Street Warriors. You’re shown using it right as the market opens and you can see all the trades and charts on your screen. Is it free? Did you purchase it?

    Thanks

    lakhanin

  • lakhanin

    Tim, been checking out your site lately. Its been a great help! I just wanted to know how I could get my hands on the software you use in the second episode of the first season of Wall Street Warriors. You’re shown using it right as the market opens and you can see all the trades and charts on your screen. Is it free? Did you purchase it?

    Thanks

    lakhanin

  • PCola

    marketgirl, you’re banking on Tim to gap open? Oh “WUS”, I thought you said “WUSS”. :D

  • PCola

    marketgirl, you’re banking on Tim to gap open? Oh “WUS”, I thought you said “WUSS”. :D

  • Keith

    If GIGM finishes hod I think we might get a good pop in AM would be a good place to get out.

  • Keith

    If GIGM finishes hod I think we might get a good pop in AM would be a good place to get out.

  • JeffMoates

    Sold my long in GIGM and went long in ERII here

  • JeffMoates

    Sold my long in GIGM and went long in ERII here

  • Keith

    I keep looking for weakness to get out of GIGM and then she goes higher so I stay.

  • Keith

    I keep looking for weakness to get out of GIGM and then she goes higher so I stay.

  • brent

    any closing action on PDO?

  • brent

    any closing action on PDO?

  • Keith

    I am out of GIGM 13.35 fo 466.00 profit

  • Keith

    I am out of GIGM 13.35 fo 466.00 profit

  • Keith

    Will look to short maybe tommorow or Thursday.

  • Keith

    Will look to short maybe tommorow or Thursday.

  • Keith

    CAEI possible gap open in AM

  • Keith

    CAEI possible gap open in AM

  • Keith

    I want to know why all my trades look very clear, good or bad in the “rear view mirror” ?

  • Keith

    I want to know why all my trades look very clear, good or bad in the “rear view mirror” ?

  • dude75

    ERII, anybody jump in @ end of day?

  • dude75

    ERII, anybody jump in @ end of day?

  • marketGirl

    i love you getshorty.. i wish i knew this sooner…come on timm pack your bags and move to Vancouver…we have the Best sushi here….and guess what no SEC rule…just varified it with TOS trade desk…there is no stupid daytrading limit :)

  • marketGirl

    i love you getshorty.. i wish i knew this sooner…come on timm pack your bags and move to Vancouver…we have the Best sushi here….and guess what no SEC rule…just varified it with TOS trade desk…there is no stupid daytrading limit :)

  • bestdeception

    So apparently most people here are long GIGM, and not short? They’ve had a big run over the last 3-4 days. Anyone short now after today’s run?

  • bestdeception

    So apparently most people here are long GIGM, and not short? They’ve had a big run over the last 3-4 days. Anyone short now after today’s run?

  • getshorty

    My pleasure girl, good to know I have a couple of fellow vancouverites here.

  • getshorty

    My pleasure girl, good to know I have a couple of fellow vancouverites here.

  • JeffMoates

    deception, More than likely I’ll be short tomorrow after the $14 mark.

  • JeffMoates

    deception, More than likely I’ll be short tomorrow after the $14 mark.

  • Ryan

    marketGirl, you are awesome on VVUS call! I am in. Also bought ERII at the end of the day, I don’t think ERII is done yet. Waiting Superman to post a great article on ERII on his website.

  • Ryan

    marketGirl, you are awesome on VVUS call! I am in. Also bought ERII at the end of the day, I don’t think ERII is done yet. Waiting Superman to post a great article on ERII on his website.

  • dude75

    Glad to see others are in ERII… Hmm, I wonder if a US resident can get a Canadian TOS account if working out of Canada…

  • dude75

    Glad to see others are in ERII… Hmm, I wonder if a US resident can get a Canadian TOS account if working out of Canada…

  • tsl

    how do the taxes in canada compare to the us when making daytrades?

  • tsl

    how do the taxes in canada compare to the us when making daytrades?

  • shipbreaker

    Anyone playing TGC on the short side? Got in @2.64….wondering how low it could go.
    Signed up for the alerts today…looking forward to it.

  • shipbreaker

    Anyone playing TGC on the short side? Got in @2.64….wondering how low it could go.
    Signed up for the alerts today…looking forward to it.

  • Pumacom

    +220 on VVUS
    +180 on ALTH
    +200 on HALO
    -100 on ERII

    I was a pussy like Tim and sold my 500 shares at $11… looking forward to the next call though. Holding some VVUS and ALTH for the gap up tomorrow… both broke through at least 1 year resistance (5 year resistance for VVUS) today and should show up on a lot of scans tonight…

  • Pumacom

    +220 on VVUS
    +180 on ALTH
    +200 on HALO
    -100 on ERII

    I was a pussy like Tim and sold my 500 shares at $11… looking forward to the next call though. Holding some VVUS and ALTH for the gap up tomorrow… both broke through at least 1 year resistance (5 year resistance for VVUS) today and should show up on a lot of scans tonight…

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

    You are welcome .. I was vvus was a great pick

  • marketGirl

    You are welcome .. I was vvus was a great pick

  • Jerry

    Hey bud,

    honestly, how do u make a living trading a USD 20k account producing those numbers?

  • Jerry

    Hey bud,

    honestly, how do u make a living trading a USD 20k account producing those numbers?

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

    Jerry, do some research, I trade this small account not because its all the $ i have but cuz i wanted to go back to my roots to show people with similarly sized accounts EXACTLY how to build the up to make this game more understandable to everyone. raking in just over 30k/month now in book, dvd, advertising and subscription sales and its growing/nearly doubling each month…gotta love this joke of an industry for forgetting to teach the little guys!

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

    Jerry, do some research, I trade this small account not because its all the $ i have but cuz i wanted to go back to my roots to show people with similarly sized accounts EXACTLY how to build the up to make this game more understandable to everyone. raking in just over 30k/month now in book, dvd, advertising and subscription sales and its growing/nearly doubling each month…gotta love this joke of an industry for forgetting to teach the little guys!

  • Jerry

    Ok Tim that’s what I thought, and no offense meant.

  • Jerry

    Ok Tim that’s what I thought, and no offense meant.

  • http://www.test.timothysykes.com/timsykes/2008/07/09/1622/ | TIM – Timothy Sykes

    [...] Interesting 2nd quarter for me [...]

  • http://www.test.timothysykes.com/timsykes/2008/07/09/1622/ | TIM – Timothy Sykes

    [...] Interesting 2nd quarter for me [...]