CHATROOM

Finally Over The $25k Hump, Osama bin SEC Go F&^% Yourselves!

August 18, 2008 at 4:20 pm
by timothysykes

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

Finally! Last November, when I went back to my original $12,000 roots (see post HERE), many people thought/called me crazy…I wasn’t crazy, just determined to show everyone how it’s possible to make plenty of mistakes and yet–if you remained disciplined…or somewhat disciplined–still use small account size as an advantage to profit from all the manipulation and hype in this the gutter of the stock market.

Took me about 9.5 months to accomplish this rather unremarkable yet surprisingly difficult feat (last time I was this poor, there were no regulations preventing me from trading too much, which was a gift and a curse)–see all the trades upon trades upon trades it took me to get there by clicking HERE–and understand that in a free financial world, there’d be no regulatory difference between $2k, $20k, $25k or 250k, but in the real world, one that is subject to terrorism perpetrated by Osama bin SEC, this $25k mark means I can now do more than 3 day trades/week.

Yes, that’s right, after 9+ months of having to tiptoe in and out of worthy opportnities, always in fear of breaking the absurd pattern day trader rule, I am finally free to trade as I wish, scaling in and out of positions, depending on whether the price action is or is not to my liking.

This is a huge victory for TIM, a giant leap for TIMkind.

Of course, while I may have won the battle, no way have I won the war as with today’s loss on FOUR (detailed post coming tomorrow), I’m barely clinging to my freedom, with my account at $25,376 (up 8% on the month 104% in 9 months, down $350ish from my highs…boo hoo Jew), meaning I have to be extra-careful here, especially with my upcoming trip to Japan (Aug. 20-Sept 1, detailed post and itinerary coming tomorrow)

Also understand that I now send email alerts to TIMalert subscribers as to every trade I make, entries, exists, rationals–so I’m not gonna be trading/alerting like a madman, I’ll still focus on worthy trading opportunities which come about only every few days/weeks, I’ll just be going in and out of them intraday more often.

As much as I’ve showed people how I make money over the 1-2 day timeframe, now begins me teaching about trading for 1-2 hours.

Get ready, without Osama bin SEC prohibiting my trading, my profitability percentage should go even higher.

Posted in Breakouts, Milestones, Missed Opportunities

Tags: , ,

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  1. Finally Over The $25k Hump, Osama bin SEC Go F&^% Yourselves!
  • http://www.test.timothysykes.com/timsykes/2008/08/18/1816/ | TIM – Timothy Sykes

    [...] No more pattern day trading rule for me, victory post! [...]

  • http://www.test.timothysykes.com/timsykes/2008/08/18/1816/ | TIM – Timothy Sykes

    [...] No more pattern day trading rule for me, victory post! [...]

  • YngvaiMalmsteve

    Nice work, Tim. I’ve got a ways to go before I reach that milestone.

  • YngvaiMalmsteve

    Nice work, Tim. I’ve got a ways to go before I reach that milestone.

  • getshorty

    Today started the day long ZYXI, closed position at 5.88, saw it went down to 5.40 and bounce, then shorted at 5.86. shorted some more when it broke under 5.40. Holding 500 shares short overnight for being fisrt down day.

    Once it looked that RDN was going red for the day, i shorted at 4.25 then bounced in my face. Two mistakes. Expecting a financial to behave as a supernova and short in the morning, prime for fakeouts. COvered at 4.70 and went long from there hoping for a runup over 5, didn

  • getshorty

    Today started the day long ZYXI, closed position at 5.88, saw it went down to 5.40 and bounce, then shorted at 5.86. shorted some more when it broke under 5.40. Holding 500 shares short overnight for being fisrt down day.

    Once it looked that RDN was going red for the day, i shorted at 4.25 then bounced in my face. Two mistakes. Expecting a financial to behave as a supernova and short in the morning, prime for fakeouts. COvered at 4.70 and went long from there hoping for a runup over 5, didn

  • Young Gunz

    Congrats. Atleast now you could hypothetically have 5 alerts a week instead of only 3 when they happened to all be daytrades.

  • Young Gunz

    Congrats. Atleast now you could hypothetically have 5 alerts a week instead of only 3 when they happened to all be daytrades.

  • YngvaiMalmsteve

    Getshorty, I’m short IDMI as well. There were a few fake fades today but it traded sideways for most of the day today. Volume was weak and it finished red on the day.

  • YngvaiMalmsteve

    Getshorty, I’m short IDMI as well. There were a few fake fades today but it traded sideways for most of the day today. Volume was weak and it finished red on the day.

  • http://www.movethemarkets.com Richard

    Congrats, man. I’m sure very few of the haters have doubled their accounts in the last 9 months.

  • http://www.movethemarkets.com Richard

    Congrats, man. I’m sure very few of the haters have doubled their accounts in the last 9 months.

  • http://www.movethemarkets.com/blog/2008/08/18/timmay/ Timmay :: Move the Markets :: Entries ::

    [...] to Tim Sykes, now out from under the PDT Rules! I’ve been rooting for him since he announced his goal to turn $12k into millions a second [...]

  • http://www.movethemarkets.com/blog/2008/08/18/timmay/ Timmay :: Move the Markets :: Entries ::

    [...] to Tim Sykes, now out from under the PDT Rules! I’ve been rooting for him since he announced his goal to turn $12k into millions a second [...]

  • http://theproficientinvestor.com theproficientinvestor

    Awesome job. Tim, I’m listening to your interview with Jason Katzenbeck right now.

    Great interview. If anyone else wants to hear it, it’s on http://www.johncow.com

  • getshorty

    Looks good Yngvai, may join you tomorrow if there is some strong confirmation (this time in the afternoon, won’t make same mistake of shorting a morning fake down again)

  • http://theproficientinvestor.com theproficientinvestor

    Awesome job. Tim, I’m listening to your interview with Jason Katzenbeck right now.

    Great interview. If anyone else wants to hear it, it’s on http://www.johncow.com

  • getshorty

    Looks good Yngvai, may join you tomorrow if there is some strong confirmation (this time in the afternoon, won’t make same mistake of shorting a morning fake down again)

  • mike

    Tim, what do think about FMD? It’s up 70%+ on the day.

  • mike

    Tim, what do think about FMD? It’s up 70%+ on the day.

  • getshorty

    Forget about shorting FMD, it is up on real strong news and has closed at the high of the day, may gap up tomorrow

    NEW YORK (Reuters) – First Marblehead Corp (FMD.N: Quote, Profile, Research, Stock Buzz) shares soared by more than half on Monday as a Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) fund completed an equity investment in the student finance company, which has been hit hard by student loan losses and a frozen asset-backed securities market.

  • getshorty

    Forget about shorting FMD, it is up on real strong news and has closed at the high of the day, may gap up tomorrow

    NEW YORK (Reuters) – First Marblehead Corp (FMD.N: Quote, Profile, Research, Stock Buzz) shares soared by more than half on Monday as a Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) fund completed an equity investment in the student finance company, which has been hit hard by student loan losses and a frozen asset-backed securities market.

  • Mark

    Holding 500 ZYXI overnight (shorted at 5.70). I have 500 more reserved to short in the morning. We’ll see what happens.

  • Mark

    Holding 500 ZYXI overnight (shorted at 5.70). I have 500 more reserved to short in the morning. We’ll see what happens.

  • getshorty

    Same here Mark, 500 shares short and also 500 shares reserved.

    Action will have to be very strong for me to short those extra shares.

    Don’t like 61 000 shares bought after hours 5 cents over the closing price, but so far, after hours hasn’t meant a thing the times that I have checked.

    Any take on how to interpret this kind of volume in after hours?

  • getshorty

    Same here Mark, 500 shares short and also 500 shares reserved.

    Action will have to be very strong for me to short those extra shares.

    Don’t like 61 000 shares bought after hours 5 cents over the closing price, but so far, after hours hasn’t meant a thing the times that I have checked.

    Any take on how to interpret this kind of volume in after hours?

  • http://www.stocksnquan.blogspot.com/ ptramsey

    anyone thinking about shorting rdn here in the next few days? it has almost double in the past week

  • http://www.stocksnquan.blogspot.com/ ptramsey

    anyone thinking about shorting rdn here in the next few days? it has almost double in the past week

  • getshorty

    I just got hurt by RDN, if you go for it be careful is not a fake-down like today. And even more weird, it went up while financials in general went down, no wonder tim doesn’t like to play financials.

  • getshorty

    I just got hurt by RDN, if you go for it be careful is not a fake-down like today. And even more weird, it went up while financials in general went down, no wonder tim doesn’t like to play financials.

  • ddigia1

    Congrats!

  • ddigia1

    Congrats!

  • Tony Ellis

    I probably will short either RDN, ABK, or MBI if the market breaks support tomorrow. I’d consider breaking support to be a close on the DOW bellow 11,450 last week’s low. If we bounce I wouldn’t short. Tim’s gonna love this post…lol

  • Tony Ellis

    I probably will short either RDN, ABK, or MBI if the market breaks support tomorrow. I’d consider breaking support to be a close on the DOW bellow 11,450 last week’s low. If we bounce I wouldn’t short. Tim’s gonna love this post…lol

  • neil2

    can’t wait for more frequent tim trading! Lets make some cash!

  • neil2

    can’t wait for more frequent tim trading! Lets make some cash!

  • Fantom

    It’s a celebration! Ah, there’s no stopping him now. Once most of the students cross that step, there will be nothing to stop us from conquering the exchanges. Soon they will have no choice to kneel to the short sellers. Tim leave some for us to short.

    See a financial green, go ahead, short it, just one time.

    Die fre
    Die fnm

  • Fantom

    It’s a celebration! Ah, there’s no stopping him now. Once most of the students cross that step, there will be nothing to stop us from conquering the exchanges. Soon they will have no choice to kneel to the short sellers. Tim leave some for us to short.

    See a financial green, go ahead, short it, just one time.

    Die fre
    Die fnm

  • http://www.myspace.com/koudirka pumacom

    More trading=overtrading=mistakes

    Careful what you wish for neil

  • http://www.myspace.com/koudirka pumacom

    More trading=overtrading=mistakes

    Careful what you wish for neil

  • neil2

    puma, I have learned that lesson well! I just really don’t like holding stocks overnight so I am more likely to follow more of Tims trades.

  • neil2

    puma, I have learned that lesson well! I just really don’t like holding stocks overnight so I am more likely to follow more of Tims trades.

  • http://www.investorslive.com investorslive

    http://www.investorslive.com/blog scan for the morning, some good spikers and breakout plays as of late..

  • http://www.investorslive.com investorslive

    http://www.investorslive.com/blog scan for the morning, some good spikers and breakout plays as of late..

  • http://www.investorslive.com investorslive

    IDMI low volume this isn’t as attractive as last time, this is a more gradual play might have more upside..

  • http://www.investorslive.com investorslive

    IDMI low volume this isn’t as attractive as last time, this is a more gradual play might have more upside..

  • http://www.stjohnproductions.com Jesse

    Hey Tim, I really enjoyed listening to the audio interview while I was Internet Marketing at the same time. It is very inspiring for me.

    Anyone interested in a direct link to the interview, just click here —–> CLICK ME

  • http://www.stjohnproductions.com Jesse

    Hey Tim, I really enjoyed listening to the audio interview while I was Internet Marketing at the same time. It is very inspiring for me.

    Anyone interested in a direct link to the interview, just click here —–> CLICK ME

  • http://www.stjohnproductions.com Jesse

    Oh yeah, also, I’m still looking for my very first sale over at Internet Submitter

    Check out some of the BLOGS over there as well, thanks.

  • http://www.stjohnproductions.com Jesse

    Oh yeah, also, I’m still looking for my very first sale over at Internet Submitter

    Check out some of the BLOGS over there as well, thanks.

  • http://www.pallian.com/2008/08/19/my-new-favorite-font/ Pallian Creative » My New Favorite Font

    [...] a knock-off of the original Rockwell by Adobe (which btw is being used extensively on the new TIM sites), but the fact that is free just made it my new favorite font. You can expect to see a lot of [...]

  • http://www.pallian.com/2008/08/19/my-new-favorite-font/ Pallian Creative » My New Favorite Font

    [...] a knock-off of the original Rockwell by Adobe (which btw is being used extensively on the new TIM sites), but the fact that is free just made it my new favorite font. You can expect to see a lot of [...]

  • birchman2

    Never will understand the SEC rule and why I was able to trade with no limits in the futures market. You would think it was more at risk with the leverage that is used.

  • birchman2

    Never will understand the SEC rule and why I was able to trade with no limits in the futures market. You would think it was more at risk with the leverage that is used.

  • lmsmith

    In Regards to FOUR– I bought in Pre market yesterday- 2.15- once the market opened sold at 2.70-(alerted in 13ths chat)—which was expected… now to buy that pos afterwards….ouch—- why? can’t wait to read your post.

  • lmsmith

    In Regards to FOUR– I bought in Pre market yesterday- 2.15- once the market opened sold at 2.70-(alerted in 13ths chat)—which was expected… now to buy that pos afterwards….ouch—- why? can’t wait to read your post.

  • NuTrader

    Nice one Tim! Just picked up your DVD.

  • NuTrader

    Nice one Tim! Just picked up your DVD.

  • http://www.stocksnquan.blogspot.com/ ptramsey

    bsti, you think this pumper will run today, it’s getting spammed a ton and i read an article that some marketing agency was paid 300k for 2 weeks of promotion

  • http://www.stocksnquan.blogspot.com/ ptramsey

    bsti, you think this pumper will run today, it’s getting spammed a ton and i read an article that some marketing agency was paid 300k for 2 weeks of promotion

  • oulous

    You guys should have read the citron report on FOUR and realized it was not a good candidate for predictable behavior. The stock had too many manipulation forces at work to make a good trade. Factor in the citron report itself and it was a tough stock to be in.

  • oulous

    You guys should have read the citron report on FOUR and realized it was not a good candidate for predictable behavior. The stock had too many manipulation forces at work to make a good trade. Factor in the citron report itself and it was a tough stock to be in.

  • jack johnson

    How much of that 25k will Uncle Sam get?

  • jack johnson

    How much of that 25k will Uncle Sam get?

  • Jason

    Keep your stops tight :)

  • Jason

    Keep your stops tight :)

  • http://maquinadodinheiro.com/2008/08/20/twitter-trazer-visitas-e-so-um-passatempo/ Twitter? Trazer visitas?

    [...] ingleses, como o Johntp ou ou o uzair21 como tamb

  • http://maquinadodinheiro.com/2008/08/20/twitter-trazer-visitas-e-so-um-passatempo/ Twitter? Trazer visitas?

    [...] ingleses, como o Johntp ou ou o uzair21 como tamb

  • http://www.test.timothysykes.com/admin/2008/09/03/my-latest-giant-milestone-reached/ My Latest Giant Milestone Reached… | TIM – Timothy Sykes

    [...] I’m finally over the $25k hump, THE JOURNEY wasn’t [...]

  • http://www.test.timothysykes.com/admin/2008/09/03/my-latest-giant-milestone-reached/ My Latest Giant Milestone Reached… | TIM – Timothy Sykes

    [...] I’m finally over the $25k hump, THE JOURNEY wasn’t [...]

  • http://www.test.timothysykes.com/admin/2008/09/08/how-my-blog-made-70000-even-while-i-went-away-for-10-days-in-august/ How My Blog Made $70,000 Even While I Went Away For 10 Days In August | TIM – Timothy Sykes

    [...] Trading gains might seem a pittance compared to the rest of the biz, but remember I went back to $12,415 last November so even at $26k+ now, yup, up 100%+ even as the markets tank aka welcome to why my PennyStocking strategy (click HERE to learn more about it) is ideal for small traders/investors, I’m working with a small account. Now that I’m over the $25k hump, I can finally trade freely, all this time before, I haven’t–see what crazy industry regulation I’m talking about HERE. [...]

  • http://www.test.timothysykes.com/admin/2008/09/08/how-my-blog-made-70000-even-while-i-went-away-for-10-days-in-august/ How My Blog Made $70,000 Even While I Went Away For 10 Days In August | TIM – Timothy Sykes

    [...] Trading gains might seem a pittance compared to the rest of the biz, but remember I went back to $12,415 last November so even at $26k+ now, yup, up 100%+ even as the markets tank aka welcome to why my PennyStocking strategy (click HERE to learn more about it) is ideal for small traders/investors, I’m working with a small account. Now that I’m over the $25k hump, I can finally trade freely, all this time before, I haven’t–see what crazy industry regulation I’m talking about HERE. [...]

  • http://www.test.timothysykes.com/admin/2008/09/10/tim-august-review-8-month-brings-2008-return-to-85-yup-pennystocking-rocks/ TIM August Review: 8% Month Brings 2008 Return To 85%, Yup PennyStocking Rocks! | TIM – Timothy Sykes

    [...] (see all trades in detail HERE), putting me over the key $25k mark (see why it’s huuuuge in THIS article) for an 8.06% return, basically off 3 successful [...]

  • http://www.test.timothysykes.com/admin/2008/09/10/tim-august-review-8-month-brings-2008-return-to-85-yup-pennystocking-rocks/ TIM August Review: 8% Month Brings 2008 Return To 85%, Yup PennyStocking Rocks! | TIM – Timothy Sykes

    [...] (see all trades in detail HERE), putting me over the key $25k mark (see why it’s huuuuge in THIS article) for an 8.06% return, basically off 3 successful [...]