Check Out My Podcast With Thinkorswim Co-Founder Tom Sonoff

HERE is a link to my podcast from the other day in a variety of formats so definitely put aside an hour and listen!

Sosnoff is simply incredible, and you can learn a lot from him…also, below is the entire chat transcript from my podcast.

As you scroll through the comments, I think you’ll find it interesting, as I did, what these mainly options traders (as that’s what Thinkorswim is really known for) think about penny stocks and my strategy (although I couldn’t really go in depth like my instructional DVDs so):

HERE is the chat transcript

Posted in Incompetence, Polls

Become a Millionaire

I Turned $12,415 into

$3,980,000

Trading Penny Stocks. Now it's your turn.

Apply To Work With Me
  • DoucheMcClintock

    Your picks suck, you just got everyone stuck in a PIECE OF SHIT stock OHB.. thats enough for anyone to NEVER follow your shitty picks dude… some people are getting F*CKED on this one

  • http://www.timothysykes.com Anonymous

    my picks suck? attack someone who isn’t up 450%…OHB wasnt that bad, a bit of a squeeze but it happens…subscribers are learning there’s no one right way, buy-to-cover alerts can be used as buy signals too

  • http://www.timothysykes.com Anonymous

    and thank u for allowing me to stress how risky pennystocking is when u dont know the rules..here, i’ve created some study guides for u and all your friends:

    http://www.timothysykes.com/store

  • DoucheMcClintock

    FUNNY that after fucking us with a bum pick, you then try to SELL me more of your shit.. you are the poster boys for all jews out there.. if your parents would have been cooked in the Nazi oven I wouldnt have lost so much money on your pathetic pick..

    Let me guess, you are going to turn this post into a sales pitch for another shitty DVD you can just download on a P2P network?

  • http://www.timothysykes.com Anonymous

    i do my trade and then send out email/text within seconds of my execution…had u actually studied my study guides, u’d know i trade volatile stocks and thats why i trade them in an ultra-conservative fashion…no different than trying to become a doctor without studying, i hope u’ve learned your lesson: know the strategy before u trade it

  • http://www.timothysykes.com Anonymous

    and no i never trade against my subscribers, thats why i have so many happy customers, it obviously helps that i’m right 80%+ of the time

  • http://www.timothysykes.com timothysykes

    my picks suck? attack someone who isn't up 450%…OHB wasnt that bad, a bit of a squeeze but it happens…subscribers are learning there's no one right way, buy-to-cover alerts can be used as buy signals too

  • http://www.timothysykes.com timothysykes

    my picks suck? attack someone who isn't up 450%…OHB wasnt that bad, a bit of a squeeze but it happens…subscribers are learning there's no one right way, buy-to-cover alerts can be used as buy signals too

  • http://www.timothysykes.com timothysykes

    and thank u for allowing me to stress how risky pennystocking is when u dont know the rules..here, i've created some study guides for u and all your friends:

    http://www.timothysykes.com/store

  • http://www.timothysykes.com timothysykes

    and thank u for allowing me to stress how risky pennystocking is when u dont know the rules..here, i've created some study guides for u and all your friends:

    http://www.timothysykes.com/store

  • http://www.timothysykes.com timothysykes

    i do my trade and then send out email/text within seconds of my execution…had u actually studied my study guides, u'd know i trade volatile stocks and thats why i trade them in an ultra-conservative fashion…no different than trying to become a doctor without studying, i hope u've learned your lesson: know the strategy before u trade it

  • http://www.timothysykes.com timothysykes

    i do my trade and then send out email/text within seconds of my execution…had u actually studied my study guides, u'd know i trade volatile stocks and thats why i trade them in an ultra-conservative fashion…no different than trying to become a doctor without studying, i hope u've learned your lesson: know the strategy before u trade it

  • http://www.timothysykes.com timothysykes

    and no i never trade against my subscribers, thats why i have so many happy customers, it obviously helps that i'm right 80%+ of the time

  • http://www.timothysykes.com timothysykes

    and no i never trade against my subscribers, thats why i have so many happy customers, it obviously helps that i'm right 80%+ of the time

  • DoucheMcClintock

    ANOTHER SHITTY CALL.. Good thing I didnt buy DDRX.. your losing it, your “blog” wont be doing to well with your crappy calls!

  • http://www.timothysykes.com Anonymous

    Wow, we have a real smart one here who thinks i’m supposed to win every time? Didnt your momma teach u how to do math and help u see that i only win 80% of the time? And more importantly didnt my DVDs teach you to cut losses quickly so that the losses from these 2 bad trades doesnt really hurt profits at all? No of course not because you don’t have a momma nor do you have my DVDs:

    http://www.timothysykes.com/store

    You wanna blame your incompetence/ignorance on me, thats cool, just dont pretend like you dont have a choice to get better

  • http://www.timothysykes.com timothysykes

    Wow, we have a real smart one here who thinks i'm supposed to win every time? Didnt your momma teach u how to do math and help u see that i only win 80% of the time? And more importantly didnt my DVDs teach you to cut losses quickly so that the losses from these 2 bad trades doesnt really hurt profits at all? No of course not because you don't have a momma nor do you have my DVDs:

    http://www.timothysykes.com/store

    You wanna blame your incompetence/ignorance on me, thats cool, just dont pretend like you dont have a choice to get better

  • http://www.timothysykes.com timothysykes

    Wow, we have a real smart one here who thinks i'm supposed to win every time? Didnt your momma teach u how to do math and help u see that i only win 80% of the time? And more importantly didnt my DVDs teach you to cut losses quickly so that the losses from these 2 bad trades doesnt really hurt profits at all? No of course not because you don't have a momma nor do you have my DVDs:

    http://www.timothysykes.com/store

    You wanna blame your incompetence/ignorance on me, thats cool, just dont pretend like you dont have a choice to get better

  • DoucheMcClintock

    Oh yeah where are you on alerting ANDS is a call right now with their FDA clearance? SOLID breakout and will gap up tomorrow and run big for a while!

  • http://www.timothysykes.com Anonymous

    if u knew my strategy, u’d have cut your losses within seconds…trouble is, u dont and u think u can still be successful…again, your fault, not mine

    as for sheep following my calls, just in the last 2 weeks CHINA was a massive win, RINO was a massive win, APWR was a massive win and my trades werent even close to perfect…again, attack someone who isnt up 450%, u’ll have better luck

  • http://www.timothysykes.com Anonymous

    again, if u knew my strategy, i dont like to play FDA news stocks….i cover that very topic in my first dvd…but you’re too s,s,s,s,s,-tupid to realize it

  • DoucheMcClintock

    I guess you would rather short a low floater stock and leave all your members stuck in it?

    Or buy a stock so high up it has a nose bleed?

    You seriously blow…

  • Anonymous

    McClintock, I want you to really think about the comment you made about Tim’s parents. It’s really horrible. You have a right to your opinion on the picks but to say that? Come on man – don’t go there.
    Remember this: if you express anger, you will feel angry and if you do it all the time, that is what your life will become.

  • Anonymous

    McClintock, I want you to really think about the comment you made about Tim’s parents. It’s really horrible. You have a right to your opinion on the picks but to say that? Come on man – don’t go there.
    Remember this: if you express anger, you will feel angry and if you do it all the time, that is what your life will become.

  • http://www.timothysykes.com Anonymous

    I do short low floaters and buy breakout attempts, again if u understand my strategy, u wouldnt get stuck…your fault…u seem to have a learning disorder, u’ll fite in great over at http://www.elitetrader.com

  • Anonymous

    To Douche

    You are a F***ing Ass hole…

    First rule of trading “dont ever take tips”

    You are to lazy to do all the hard work that goes into learning how to trade so you want to take the short cut… which is fine but then you shoot the bloke who is trying to help you…

    What a fuckin ass hole you are… I hope you lose more money …. you stupid piece of $HIT…

  • http://www.timothysykes.com timothysykes

    if u knew my strategy, u'd have cut your losses within seconds…trouble is, u dont and u think u can still be successful…again, your fault, not mine

    as for sheep following my calls, just in the last 2 weeks CHINA was a massive win, RINO was a massive win, APWR was a massive win and my trades werent even close to perfect…again, attack someone who isnt up 450%, u'll have better luck

  • http://www.timothysykes.com timothysykes

    if u knew my strategy, u'd have cut your losses within seconds…trouble is, u dont and u think u can still be successful…again, your fault, not mine

    as for sheep following my calls, just in the last 2 weeks CHINA was a massive win, RINO was a massive win, APWR was a massive win and my trades werent even close to perfect…again, attack someone who isnt up 450%, u'll have better luck

  • http://www.timothysykes.com timothysykes

    again, if u knew my strategy, i dont like to play FDA news stocks….i cover that very topic in my first dvd…but you're too s,s,s,s,s,-tupid to realize it

  • http://www.timothysykes.com timothysykes

    again, if u knew my strategy, i dont like to play FDA news stocks….i cover that very topic in my first dvd…but you're too s,s,s,s,s,-tupid to realize it

  • Anonymous

    The real jammy here tim, just check my email. Been away for about three months to try to tackle trading real companies, and even forex- boy oy boy is pennystocking easy!

    With penny stocks you can easily buy breakouts/short breakdowns, but with reeeal companies? no, you can’t simply do that, there’s retracements, pullbacks, etc etc.
    So i am learning price action trading at the moment, only using trendlines and an EMA, much better than indicator plastered screens.

    Simple is better, and lol penny stocks are so corrupt you can’t trade price action of them. Basically all you gotta do with a pump and dump is wait for the gap up, wait for sideways price action and wait for the low to be taken out and boom, it’s as easy as that!
    Now why people expect your calls to be dead f****** on all the time is strange to me, do people expect you to have a damn crystal ball?

    As for that blabbering fool talking about tim’s calls, you gotta learn stuff first dude, if the setup isn’t good then don’t enter, it’s like listening to a sat-nav telling you to drive into a river- you gotta have some sense !

  • yangying

    McClintock, I want you to really think about the comment you made about Tim's parents. It's really horrible. You have a right to your opinion on the picks but to say that? Come on man – don't go there.
    Remember this: if you express anger, you will feel angry and if you do it all the time, that is what your life will become.

  • yangying

    McClintock, I want you to really think about the comment you made about Tim's parents. It's really horrible. You have a right to your opinion on the picks but to say that? Come on man – don't go there.
    Remember this: if you express anger, you will feel angry and if you do it all the time, that is what your life will become.

  • yangying

    McClintock, I want you to really think about the comment you made about Tim's parents. It's really horrible. You have a right to your opinion on the picks but to say that? Come on man – don't go there.
    Remember this: if you express anger, you will feel angry and if you do it all the time, that is what your life will become.

  • yangying

    McClintock, I want you to really think about the comment you made about Tim's parents. It's really horrible. You have a right to your opinion on the picks but to say that? Come on man – don't go there.
    Remember this: if you express anger, you will feel angry and if you do it all the time, that is what your life will become.

  • http://www.timothysykes.com timothysykes

    I do short low floaters and buy breakout attempts, again if u understand my strategy, u wouldnt get stuck…your fault…u seem to have a learning disorder, u'll fite in great over at http://www.elitetrader.com

  • http://www.timothysykes.com timothysykes

    I do short low floaters and buy breakout attempts, again if u understand my strategy, u wouldnt get stuck…your fault…u seem to have a learning disorder, u'll fite in great over at http://www.elitetrader.com

  • kwatsy

    To Douche

    You are a F***ing Ass hole…

    First rule of trading “dont ever take tips”

    You are to lazy to do all the hard work that goes into learning how to trade so you want to take the short cut… which is fine but thne you shoot the bloke who is trying to help you…

    What a fuckin ass hole you are… I hope you lose more money …. you stupid piece of $HIT…

  • kwatsy

    To Douche

    You are a F***ing Ass hole…

    First rule of trading “dont ever take tips”

    You are to lazy to do all the hard work that goes into learning how to trade so you want to take the short cut… which is fine but thne you shoot the bloke who is trying to help you…

    What a fuckin ass hole you are… I hope you lose more money …. you stupid piece of $HIT…

  • jammy15yr

    The real jammy here tim, just check my email. Been away for about three months to try to tackle trading real companies, and even forex- boy oy boy is pennystocking easy!

    With penny stocks you can easily buy breakouts/short breakdowns, but with reeeal companies? no, you can't simply do that, there's retracements, pullbacks, etc etc.
    So i am learning price action trading at the moment, only using trendlines and an EMA, much better than indicator plastered screens.

    Simple is better, and lol penny stocks are so corrupt you can't trade price action of them. Basically all you gotta do with a pump and dump is wait for the gap up, wait for sideways price action and wait for the low to be taken out and boom, it's as easy as that!
    Now why people expect your calls to be dead f****** on all the time is strange to me, do people expect you to have a damn crystal ball?

    As for that blabbering fool talking about tim's calls, you gotta learn stuff first dude, if the setup isn't good then don't enter, it's like listening to a sat-nav telling you to drive into a river- you gotta have some sense !

  • jammy15yr

    The real jammy here tim, just check my email. Been away for about three months to try to tackle trading real companies, and even forex- boy oy boy is pennystocking easy!

    With penny stocks you can easily buy breakouts/short breakdowns, but with reeeal companies? no, you can't simply do that, there's retracements, pullbacks, etc etc.
    So i am learning price action trading at the moment, only using trendlines and an EMA, much better than indicator plastered screens.

    Simple is better, and lol penny stocks are so corrupt you can't trade price action of them. Basically all you gotta do with a pump and dump is wait for the gap up, wait for sideways price action and wait for the low to be taken out and boom, it's as easy as that!
    Now why people expect your calls to be dead f****** on all the time is strange to me, do people expect you to have a damn crystal ball?

    As for that blabbering fool talking about tim's calls, you gotta learn stuff first dude, if the setup isn't good then don't enter, it's like listening to a sat-nav telling you to drive into a river- you gotta have some sense !

  • Vic

    I want to know whats the minimum amount of money needed to get in this trading game and if I dont learn all the tricks right off who would be the best person to hire to make my money grow? Everyone wants to talk about how much money they are making but the education piece sucks in my opinion. Some of us are to busy working in other fields to learn exactly how the game works but we have the interest but dont know how to get started. I like that Tim puts out alot of information about his success and progress but Tim think small sometimes to help the people who are as versed as you in this so we to can pick up. Tell me how to start.
    Did that guy say that Tim's girlfriend had a black name, lol thats funny, what is a black name? That was one of the most racist comments I've heard in months and I would think that with all these intelligent people floating around on this site those type of things wouldnt be said.

  • Vic

    I want to know whats the minimum amount of money needed to get in this trading game and if I dont learn all the tricks right off who would be the best person to hire to make my money grow? Everyone wants to talk about how much money they are making but the education piece sucks in my opinion. Some of us are to busy working in other fields to learn exactly how the game works but we have the interest but dont know how to get started. I like that Tim puts out alot of information about his success and progress but Tim think small sometimes to help the people who are as versed as you in this so we to can pick up. Tell me how to start.
    Did that guy say that Tim's girlfriend had a black name, lol thats funny, what is a black name? That was one of the most racist comments I've heard in months and I would think that with all these intelligent people floating around on this site those type of things wouldnt be said.

  • Anonymous

    $2k is the minimum amount to short basically, start by buying some basic books, search through amazon, read reviews, PLEASE don’t click on reports claiming some magic formula, with big underlined bold headlines…aww, i was there doing the same thing a year ago

  • jammy15yr

    $2k is the minimum amount to short basically, start by buying some basic books, search through amazon, read reviews, PLEASE don't click on reports claiming some magic formula, with big underlined bold headlines…aww, i was there doing the same thing a year ago

  • jammy15yr

    $2k is the minimum amount to short basically, start by buying some basic books, search through amazon, read reviews, PLEASE don't click on reports claiming some magic formula, with big underlined bold headlines…aww, i was there doing the same thing a year ago

  • AC

    LoL Tim, you stepped on the ToS guy’s toes when you said “most traders lose money.”

  • AC

    That is true, I notice that I am always late entering in and exiting but I always thought it was me. As soon as I get the alert, I’m always off by 5 to 10 cents MINIMUM unless its one of those bad picks that pulls back.

  • AC

    I feel your pain Douche, 25.00 to 23.00 is a very hard fall. I literally was in and out of DDRX in like 20 seconds, fastest $100+ I ever lost. Had I hesitated and even tried to enter anything more complicated than a market order, I’d probably be eating a $600 loss. And yes I got screwed by my broker. OHB was a similar disaster.

  • AC

    No offense Tim, but you are trading with a tailwind, we subscribers have a headwind, you can’t deny that. RINO was a good play but not before it fell 70 cents first, which stopped me out because I was trying to be a responsible trader.

    You can report a profit even though we eat up the losses. And all the tips knowledge in the world can’t predict when you send the alert after bailing out on a razor thin 10-20 cent profit.

  • http://www.timothysykes.com Anonymous

    u guys need to trade more like castrated choir boys

  • http://www.timothysykes.com Anonymous

    No offense taken, RINO is a real company and I had a nasty loss for 2 days before it finnaly broke out…thats doesnt excuse u for not buying that next breakout at 10.40 and riding just as it doesnt excuse my selling at 10.40.

    what u guys dont seem to understand is that my trading is irrelevent, its just an example to show u guys how i trade…u gotta learn to do it yourselves

  • AC

    LoL Tim, you stepped on the ToS guy's toes when you said “most traders lose money.”

  • AC

    LoL Tim, you stepped on the ToS guy's toes when you said “most traders lose money.”

  • AC

    That is true, I notice that I am always late entering in and exiting but I always thought it was me. As soon as I get the alert, I'm always off by 5 to 10 cents MINIMUM unless its one of those bad picks that pulls back.

  • AC

    That is true, I notice that I am always late entering in and exiting but I always thought it was me. As soon as I get the alert, I'm always off by 5 to 10 cents MINIMUM unless its one of those bad picks that pulls back.

  • AC

    I feel your pain Douche, 25.00 to 23.00 is a very hard fall. I literally was in and out of DDRX in like 20 seconds, fastest $100+ I ever lost. Had I hesitated and even tried to enter anything more complicated than a market order, I'd probably be eating a $600 loss. And yes I got screwed by my broker. OHB was a similar disaster.

  • AC

    I feel your pain Douche, 25.00 to 23.00 is a very hard fall. I literally was in and out of DDRX in like 20 seconds, fastest $100+ I ever lost. Had I hesitated and even tried to enter anything more complicated than a market order, I'd probably be eating a $600 loss. And yes I got screwed by my broker. OHB was a similar disaster.

  • AC

    No offense Tim, but you are trading with a tailwind, we subscribers have a headwind, you can't deny that. RINO was a good play but not before it fell 70 cents first, which stopped me out because I was trying to be a responsible trader.

    You can report a profit even though we eat up the losses. And all the tips knowledge in the world can't predict when you send the alert after bailing out on a razor thin 10-20 cent profit.

  • AC

    No offense Tim, but you are trading with a tailwind, we subscribers have a headwind, you can't deny that. RINO was a good play but not before it fell 70 cents first, which stopped me out because I was trying to be a responsible trader.

    You can report a profit even though we eat up the losses. And all the tips knowledge in the world can't predict when you send the alert after bailing out on a razor thin 10-20 cent profit.

  • http://www.timothysykes.com timothysykes

    u guys need to trade more like castrated choir boys

  • http://www.timothysykes.com timothysykes

    u guys need to trade more like castrated choir boys

  • http://www.timothysykes.com timothysykes

    No offense taken, RINO is a real company and I had a nasty loss for 2 days before it finnaly broke out…thats doesnt excuse u for not buying that next breakout at 10.40 and riding just as it doesnt excuse my selling at 10.40.

    what u guys dont seem to understand is that my trading is irrelevent, its just an example to show u guys how i trade…u gotta learn to do it yourselves

  • http://www.timothysykes.com timothysykes

    No offense taken, RINO is a real company and I had a nasty loss for 2 days before it finnaly broke out…thats doesnt excuse u for not buying that next breakout at 10.40 and riding just as it doesnt excuse my selling at 10.40.

    what u guys dont seem to understand is that my trading is irrelevent, its just an example to show u guys how i trade…u gotta learn to do it yourselves

  • Vic

    thanks jammy

  • Vic

    thanks jammy

  • Vic

    thanks jammy

  • Anonymous

    The problem is that you guys are trading an illiquid stock.. Tims subscriber base is large enough that he creates his own market. I subscribe to Tim alerts and just watch, i dont trade Tims stocks but am intrigued by watching the influence in price action he makes with his buy/sell calls . Such as OHB who douche obviously lost on and im sure others late to the stage did as well. Watching Tims short call created a large increase in volume and sell off shortly after @ 3. Thus his buy to cover call created a large spike in volume and the stock price jumped from 2.80′s to 3.5′s . If your not the first to short or cover in on an alert then likely you missed the profit train on the short call, or are gonna get screwed on the buy to cover call. Thus this volatility was created by the dump and then pump @ this website.. This volatility most likely wouldn’t have occurred without tims influence. If your following tims alerts on an illiquid stock (which most are) then you should definitely be prepared for the risk involved with price manipulation ,large bid/ask spreads, and volatility.

    just my two cents.

  • fous

    The problem is that you guys are trading an illiquid stock.. Tims subscriber base is large enough that he creates his own market. I subscribe to Tim alerts and just watch, i dont trade Tims stocks but am intrigued by watching the influence in price action he makes with his buy/sell calls . Such as OHB who douche obviously lost on and im sure others late to the stage did as well. Watching Tims short call created a large increase in volume and sell off shortly after @ 3. Thus his buy to cover call created a large spike in volume and the stock price jumped from 2.80's to 3.5's . If your not the first to short or cover in on an alert then likely you missed the profit train on the short call, or are gonna get screwed on the buy to cover call. Thus this volatility was created by the dump and then pump @ this website.. This volatility most likely wouldn't have occurred without tims influence. If your following tims alerts on an illiquid stock (which most are) then you should definitely be prepared for the risk involved with price manipulation due to large bid/ask spreads/volatility.

    just my two cents.

  • fous

    The problem is that you guys are trading an illiquid stock.. Tims subscriber base is large enough that he creates his own market. I subscribe to Tim alerts and just watch, i dont trade Tims stocks but am intrigued by watching the influence in price action he makes with his buy/sell calls . Such as OHB who douche obviously lost on and im sure others late to the stage did as well. Watching Tims short call created a large increase in volume and sell off shortly after @ 3. Thus his buy to cover call created a large spike in volume and the stock price jumped from 2.80's to 3.5's . If your not the first to short or cover in on an alert then likely you missed the profit train on the short call, or are gonna get screwed on the buy to cover call. Thus this volatility was created by the dump and then pump @ this website.. This volatility most likely wouldn't have occurred without tims influence. If your following tims alerts on an illiquid stock (which most are) then you should definitely be prepared for the risk involved with price manipulation due to large bid/ask spreads/volatility.

    just my two cents.