CHATROOM

Why The Latest 10 TIMalert Subscribers Cancelled

February 27, 2009 at 8:20 am
by Timothy Sykes

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TIMalerts has over 700 subscribers, the vast majority of whom banked in 2008 and are very happy, but just to be overly transparent when this joke of an industry is anything but, here’s a few reasons why some people have cancelled:

As you’ll see even their cancellations are testimonials to my strategy/services!

1. Hi Tim

It’s nothing so much with your service as much as it doesn’t quite fit my needs right now as I don’t have a shorting account
and your primary strategy right now is shorting (understandable in a bear market). I’m doing ok right now swing trading in
silver/gold and if I keep doing well at that then I may well open a shorting account at which point I may well re-subscribe
to your service as I do think your strategy is a good one.

Everything I’m looking at right now say’s gold/silver is poised for another leg up which may last a few months, at which point
I expect the market rally to end and turn down again which is the point I may well look to commit to shorting. Also as I still
have a day job it’s hard to dedicate the time needed for a strategy like yours right now which requires constant monitoring. Like
I say maybe in a few months time.

Anyhow good luck for now, I do appreciate what your doing trying to cut through the bullshit and help the little guy get ahead
in trading, keep up the good work. -Matthew

2. Hey Tim, it’s been fun … you have a great service. I’m a thirty-something with 3 young kids. I need to be responsible and pay down some debts so no trading for me for a while. I took advantage of the easiest “play” this year and converted my US funds which I put in with the CDN dollar at parity and converted back making 20% … then paid off my wife’s student loans.

I’ll be back … some day. -Chris

3. Just wanted to see how you traded, actually looks good and makes sense but
that style is not for me.
Good trading to you,
Marco

4. your a good guy, nothing personal i dont have the money to trade right now…. i will be back!!! thanx for everything!!! -matthew

5. Let’s see if they are any good, might consider coming back. At this moment
too busy trading FX and FTSE/SP500 and some of the stock in alerts are not
shortable at least not through my brokers (Ameritrade and Saxo Bank). -J.

6. Im actually not going anywhere…. just have some problems with my new creditcards… as my old ones were stolen :( …
but as soon as i get things updated with local banks (it is stupid and complicated here in Estonia as well as all local brokers between me and US market) i’ll be back :D

7. Sorry Tim. I had to go. Your advise is great. Right now, I am in money crunch. I will come back once I free up my cash. -G.

8. Satisfied customer, I understand the game man, losses are part of it. It’s just time for me to get off the boob. Been doing alright on my own picks and figuring out the research end of it so thanks for the guidance the past few months. Good luck with your business.
-Roger

9. To be honest, I liked your dvd’s and the strategy. I think it works very well.

If I had more time I would still be subscribed. Unfortunately, I’ve been so busy at work that I was not able to do “homework” and effectively monitor the morning picks. -Paul

10. I loved the service, but I just don’t have the money to short stocks yet. As soon as I get a hold of some money, I would probably try your service again. -BP

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  • dmunnman

    amen, to the post.
    thanks for being so open and honest.
    i’m a new subscriber also…but like they said….i dont have enough to have a margin acct., and the buys have been non-existent…still waiting for one i can jump on board with.

  • dmunnman

    amen, to the post.
    thanks for being so open and honest.
    i’m a new subscriber also…but like they said….i dont have enough to have a margin acct., and the buys have been non-existent…still waiting for one i can jump on board with.

  • Josef H

    The economy is tight at the moment. Traders and investors are bucking down and not risking any more more money for the sake of a buck. Tim, I wouldn’t worry … as soon as everyone gets some extra “scratch” together, they’ll sign back up. its just, monies tight these days. Gov’t is helping, instead buying out companies and bank, lending billions to corporations, and give more billions to GM (who, by the way, skwandered away 6 billion tax dollars in less than a month), has their hand out for another 16 billion. Don’t get me started on BofA’s Ken Lewis who gave $3.6 billion, tax dollars, in bonuses to executives of Merrill Lynch before the bank’s takeover of the firm in January.

    Its pathetic …
    Sorry Tim for the Rant.

  • Josef H

    The economy is tight at the moment. Traders and investors are bucking down and not risking any more more money for the sake of a buck. Tim, I wouldn’t worry … as soon as everyone gets some extra “scratch” together, they’ll sign back up. its just, monies tight these days. Gov’t is helping, instead buying out companies and bank, lending billions to corporations, and give more billions to GM (who, by the way, skwandered away 6 billion tax dollars in less than a month), has their hand out for another 16 billion. Don’t get me started on BofA’s Ken Lewis who gave $3.6 billion, tax dollars, in bonuses to executives of Merrill Lynch before the bank’s takeover of the firm in January.

    Its pathetic …
    Sorry Tim for the Rant.

  • andy

    i tried your service timalerts for a few months and decided to cancel it.
    i trade frequently, but here’s what’s wrong with your emails:
    —the big money is often in illiquid stocks
    —i’m not at a computer all day long; i can’t jump on each trade that fast…and think of how often you sell or cover positions almost immediately after placing the initial order
    —short inventory is a b*****. and i even opened another brokerage account with penson (they’re the same guys you use, by the way).
    —and, the biggest reason of all…I DIDN’T MAKE ANY MONEY FOLLOWING THIS STRATEGY.

    i mean you no disrespect, but seriously, you’ve gotta think about it like this: if you’re trying to get people to essentially be available to trade all day long…and it’s not even like they’re trading (or even can) with large accounts.
    and so then it comes down to the fact that you have to work full-time with a tiny account with unavoidable order fill problems (e.g. finding shares to short)…and, as we all know, no trade’s profit is ever guaranteed, and the more subscribers you get, the weaker the trading opportunities will become.

    i went to the trouble to write this because i am impressed by your honesty compared to most everyone else in this business, and because i know you’ll leave these comments on your site and probably even answer them. over and out.

  • andy

    i tried your service timalerts for a few months and decided to cancel it.
    i trade frequently, but here’s what’s wrong with your emails:
    —the big money is often in illiquid stocks
    —i’m not at a computer all day long; i can’t jump on each trade that fast…and think of how often you sell or cover positions almost immediately after placing the initial order
    —short inventory is a b*****. and i even opened another brokerage account with penson (they’re the same guys you use, by the way).
    —and, the biggest reason of all…I DIDN’T MAKE ANY MONEY FOLLOWING THIS STRATEGY.

    i mean you no disrespect, but seriously, you’ve gotta think about it like this: if you’re trying to get people to essentially be available to trade all day long…and it’s not even like they’re trading (or even can) with large accounts.
    and so then it comes down to the fact that you have to work full-time with a tiny account with unavoidable order fill problems (e.g. finding shares to short)…and, as we all know, no trade’s profit is ever guaranteed, and the more subscribers you get, the weaker the trading opportunities will become.

    i went to the trouble to write this because i am impressed by your honesty compared to most everyone else in this business, and because i know you’ll leave these comments on your site and probably even answer them. over and out.

  • http://test.timothysykes.com Timothy Sykes

    andy, i appreciate your honesty but 4 problems:

    1. there’s plenty of short inventory, u just needs to wake up early and have accounts with IB/TOS–scottrade and etrade, which a lot of people use, absolutely suck for shorting

    2. u dont have to be around all day, u just have to be ready to drop what u’re doing when an ideal trade pops up…u’ll know when an ideal trade pops up because i preview them in my premarket watchlist, which i’ve now gotten out around midnight instead of 6am

    3. more subscribers is meaningless, penny stocks traders/investors/poor people have half the brainpower of normal human beings, most dont understand shorting, cutting losses, cynicism, u should be worried about too many rich subscribers and i dont think i hvae very many of those.

    4. more subscribers actually help patterns, u just have to anticipate by learning what patterns we’re all trading. start watching my DVDs and then u’ll see i not only telegraph my trades ahead of time, the patterns have remained more or less the same for a friggin decade and i’m not even that great a trader…thats why u see daily testimonials from subscribers who have watched the DVDs and learned

  • http://test.timothysykes.com Timothy Sykes

    andy, i appreciate your honesty but 4 problems:

    1. there’s plenty of short inventory, u just needs to wake up early and have accounts with IB/TOS–scottrade and etrade, which a lot of people use, absolutely suck for shorting

    2. u dont have to be around all day, u just have to be ready to drop what u’re doing when an ideal trade pops up…u’ll know when an ideal trade pops up because i preview them in my premarket watchlist, which i’ve now gotten out around midnight instead of 6am

    3. more subscribers is meaningless, penny stocks traders/investors/poor people have half the brainpower of normal human beings, most dont understand shorting, cutting losses, cynicism, u should be worried about too many rich subscribers and i dont think i hvae very many of those.

    4. more subscribers actually help patterns, u just have to anticipate by learning what patterns we’re all trading. start watching my DVDs and then u’ll see i not only telegraph my trades ahead of time, the patterns have remained more or less the same for a friggin decade and i’m not even that great a trader…thats why u see daily testimonials from subscribers who have watched the DVDs and learned

  • http://missiontrading.blogspot.com Evan

    Andy (and any others either on the fence or flat out skeptical),

    I have been following Tim for two years (since the first Wall Street Warriors episode). I have two full time jobs (76 hrs./week). I’m unable to trade realtime 90% of the time (when 90% of traders lose money)- but have Tim’s first DVD, book, and know EXACTLY what to look for in technical patterns he details day in and day out. I’ve made money so far on every single stock I’ve traded since I opened my Covestor account last month:

    http://www.covestor.com/mbr/islandminister

    If you’ve been keeping up with Tim’s posts (which is vital for my strategy), you’ll recognize the stocks I’ve banked on this month: GERN, ARNA, ANDS, MAXY, SKYT, HSNI, OGXI, PALM -all of which I have posted about on my blog:

    missiontrading.blogspot.com -I’m sure you won’t mind me posting this Tim, since you’ll find your name on about 80% of my posts:)

    In short- once a setup is recognized, you’ll have plenty of time to profit while it tanks. I don’t need Tim alerts because I’ve learned from the master himself- get the DVDs and patterns like the ‘Snore’ and ‘Supernova’ can be spotted a mile away. I could never be a pay site- a 95 year old is quick enough to jump in after me (I’ve been short MAXY since late January and it finally closed under $7 today)

    sorry it’s a long post- but so are the comments above me. Transparency posts always hit a nerve. Keep ‘em comin’!

    islandminister

  • http://missiontrading.blogspot.com Evan

    Andy (and any others either on the fence or flat out skeptical),

    I have been following Tim for two years (since the first Wall Street Warriors episode). I have two full time jobs (76 hrs./week). I’m unable to trade realtime 90% of the time (when 90% of traders lose money)- but have Tim’s first DVD, book, and know EXACTLY what to look for in technical patterns he details day in and day out. I’ve made money so far on every single stock I’ve traded since I opened my Covestor account last month:

    http://www.covestor.com/mbr/islandminister

    If you’ve been keeping up with Tim’s posts (which is vital for my strategy), you’ll recognize the stocks I’ve banked on this month: GERN, ARNA, ANDS, MAXY, SKYT, HSNI, OGXI, PALM -all of which I have posted about on my blog:

    missiontrading.blogspot.com -I’m sure you won’t mind me posting this Tim, since you’ll find your name on about 80% of my posts:)

    In short- once a setup is recognized, you’ll have plenty of time to profit while it tanks. I don’t need Tim alerts because I’ve learned from the master himself- get the DVDs and patterns like the ‘Snore’ and ‘Supernova’ can be spotted a mile away. I could never be a pay site- a 95 year old is quick enough to jump in after me (I’ve been short MAXY since late January and it finally closed under $7 today)

    sorry it’s a long post- but so are the comments above me. Transparency posts always hit a nerve. Keep ‘em comin’!

    islandminister

  • Mike

    Evan – I believe Tim is already taken.

    Also, Going short a stock in January and holding it through Feb is hardly any kind of pattern trade Tim Preaches on his site. I also wouldnt consider going short a crappy stock for 2 months when the market is down 18% for those 2 months a stroke of genius.

  • Mike

    Evan – I believe Tim is already taken.

    Also, Going short a stock in January and holding it through Feb is hardly any kind of pattern trade Tim Preaches on his site. I also wouldnt consider going short a crappy stock for 2 months when the market is down 18% for those 2 months a stroke of genius.

  • http://missiontrading.blogspot.com Evan

    Mike- you’re always waiting to pounce. Thanks for the reply. If you’ve noticed what I have over the last 18 months or so- every stock Tim deems as ‘Supernova’ is lower now than it was when he called it (regardless of short squeezes after the fact). If you can find an exception (and we’re probably talking 1000 posts+), you sir have the eagle eye of all eagle eyes.

    ps- if you have a blog or covestor account, I’d be interested in following it.
    pps- Can’t wait for a bull market again- not only for my IRA and 401k funds, but think of the greater potential for Supernovas when more people are buying into these penny scams!

  • http://missiontrading.blogspot.com Evan

    Mike- you’re always waiting to pounce. Thanks for the reply. If you’ve noticed what I have over the last 18 months or so- every stock Tim deems as ‘Supernova’ is lower now than it was when he called it (regardless of short squeezes after the fact). If you can find an exception (and we’re probably talking 1000 posts+), you sir have the eagle eye of all eagle eyes.

    ps- if you have a blog or covestor account, I’d be interested in following it.
    pps- Can’t wait for a bull market again- not only for my IRA and 401k funds, but think of the greater potential for Supernovas when more people are buying into these penny scams!