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To My 1500+ Covestor Followers & 500+ TIMalert Subscribers: Let’s Get A Few Things Straight

Posted by Timothy Sykes on Mon 1st of Sep, 2008 09:01:54 AM

The past few days I’ve gotten a few emails from TIMalert subscribers (learn more HERE) & Covestor followers (see them HERE) ragging on me for going on a little Japanese vacation and some other stuff which I’ve already posted about. Somewhere along the line the definition of what exactly TIMalerts is got lost so it’s about time I explain it again:

1. TIMalerts is not a financial advisory newsletter, it’s just me talking about MY trades. For entertainment and informational purposes only. Read the whole disclaimer on the bottom of the subscribers-only TIMalerts.com website HERE.

2. I don’t know who you are and I don’t know how you trade–all I can do is show you what works and what doesn’t FOR ME. I’ll make plenty of good calls, but also plenty of mistakes…I’ll continue detailing EVERYTHING for your benefit.

3. Yes, the vast majority of my trades/alerts have worked astonishingly well so far, but don’t expect it to continue unabated. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

4. This isn’t some “magic system”–it’s something I’ve been refining for the past decade and the refinements will continue.

5. Lately my learning other strategies has stopped cuz I’m focusing on making Pennystocking easier to understand and implementable for others, newbies, veterans, whoever. For example, options trading might be a good supplement to it, but I’ve no time to learn a new discipline cuz I’m busy refining my original strategy to take it mainstream.

6. Covestor will eventually allow you autotrade off others trades, but not for me since I’m mainly a short seller. For more on this read my prior post HERE. Long story short, all you 1400 Covestor followers should be TIMalert subscribers if you wanna learn how to profit from my strategy.

7. I will take vacations whenever I choose, I’m the hardest working mofo in this game, so you should be happy when I do this cuz it lowers the risk of a mental breakdown…and you know I’ve planned my entire trip around internet cafes so I’ll stay up to date with potential trades (although responding to emails will be a few weeks more behind)

8. Now that I’m over the $25k mark, I’m not limited by the absurd pattern day trading rule anymore, but I’m not gonna start trading like a madman cuz then my alerts would go out every few minutes and they’d be useless. I’ll do what I’ve always done–focus on the greatest market inefficiencies/pump and dumps and take it one pump at a time. You’ll probly find my timing won’t be as horrible when I’m allowed to enter and exit a positions multiple times in a day, as we should all be free to do.

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  • Geez Thanks for clearing up the obvious. One of my friends was complaining about your vacation and I told him. "Would you rather he go crazy and start spitting out horrible trades?"

    Thanks Tim. As any trader knows take all tips with a grain of salt, do your own due dilligence, and monitor your trade's success/failure.
  • Fxeurvsusd
    Arigatou Tim!!
  • younggunz
    I absolutely support tim taking a vacation. he needs to keep a clear head so he can stay focused on good trades.
  • younggunz
    uhh, I think there was one timalert trade where the stock was easy borrow. It may not have even been a trade but just a stock listed on the morning watchlist that stood out at the time.
  • no certification to run a hedge fund, just need series 65 once over assets/#of investor barriers
  • yaktipper
    Perry, thx for the info.
  • this post should definitely add some more subscribers to TIM alerts
  • Reaper
    Tim, take all the vacations you need. Last week, while you were away, was my second-best week trading your system. It would have been my best if there had been a perfect & liquid supernova to short.
  • nice clarification, hey I had question I never asked you Tim: to start and run your hedge fund, did you or did you not need any kind of certification, since you were after all making financial decisions with other people's money. How did that all work? Don't you need an array of certifications such as the various Series ##? I don't remember if you mentioned that in your book.. Let me know, if you've got the time.
  • Fair point. Yeah I doubt we will be able to support all of the trades you do through your Tim alerts, particularly in some of the more illiquid positions...
  • perry, thats great news, just gonna be interesting when reserving shares to short on these hard to borrow stocks each morning!
  • Not quite right Tim. We are hoping to support you and we will support shorts. Bests. Perry (@Covestor)
  • total_keops
    If anyone is looking at LCCI, take the time to look at the time and sales (or a 1 minute chart) cuz the thing only busted in the last minute.
  • The Chad
    Tim,

    I'm glad you took some time off - no matter what anyone says you deserve a break... You're still ok with me, and now that you're refreshed, I expect you to be ruthless and recharged for the remainder of the year...

    Keep up the good work...

    The Chad
  • Jay Zalowitz
    .... rememeber kiddies ppiniofr....
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