You can follow me on Twitter and see how transparent I am…people who think my trades are fake, nope, all verified by Covestor where I am #1 out of 45,000+ traders over the past 2.5 years
Remember when I wrote this post rubbing one trader named “CodyTrade”‘s nose in the fact that he lost 70% on his Conolog Corporation (CNLG) short, shorting in the mid 2s and covering in the low 3s? Roughly $15,000 loss I finally got the info out of him, but when he correctly shorted form the low 4s back to the low 3s, we never knew his total profit/loss or all his trades….he was so proud of his ability to post in detail about his losses, but he never posted about the trade on the whole…as you can see in the comments on that post, I asked him no less than 5 times for all his entries and exits and yet he failed to provide it….even if he made $50,000 overall, hell, even $1 million….his refusal to detail all his trades hurts the industry overall because it was the latest example of someone in finance using blah blah blah excuse for not just telling everyone what happened and allowing them to learn from it.
This is why finance is in the dark ages–because of selfish, narrow-minded people like CodyTrades.
Some people on Twitter said I was being too harsh on the wee lad, but sensitivity has never been my thing, I’m into brutal honesty….just as I was in my book An American Hedge Fund where I detail how I made a few million and then lost roughly 35%….yup, I admit my failures and detail them for other to learn from….and TIMalert subscribers learn from my successes too…because it’s the only way we’re gonna make this polluted industry of frauds and cowards into the great industry it can be.
Finance freaks/people just need to get over their egos and talentless people should not be allowed freedom of speech, or at least some kind of limited freedom of speech, especially not the ability to dress up their below average-ity or mediocrity and pawn it off as anything special as far too many wannabes are allowed to do, especially on Twitter and the financial networks that have sprung up around Twitter (StockTwits in which I’m an investor but from which I’m banned due to my excessive-but-helps-a-lot-of-people-who-need-it-so-haters-can-screw-off-DVD-and-newsletter-marketing and BullsOnWallStreet)
That’s right I said it–while most are too polite and afraid to make enemies that can come back to bite them, brutal honesty in trading and commentary IS why my instructional DVDs and 4 newsletters are so popular…and why I’m just getting warmed up….because I am 100% real….and because my big mouth gets me into trouble….but that’s life…the people who have no enemies and are always controlled are the ones you should worry about because their hero is Madoff…make no waves, do no real trades and always appear profitable, wise and in control….disgusting.
Yup, if you don’t speak your mind and are afraid of saying and posting the wrong things, then you’re like Madoff…go be the typical freakish tie and suit nobody who will rake in decent-to-tons of cash over time, have no soul or purpose and help few people other than yourself because you’ve learned how to build a business like the always-neutral Swiss bankers.
That’s where finance has been…in the coming years, Investimonials is gonna puncture that big balloon filled with shit….and it’d be great if finance people on Twitter led the way (faaaaaar too many currently lie about their trades…sadly there’s no Covestor for Twitter…c’mon ST get on it already!)
So semi-off-topic but oh so relevant rant aside, Cody posted last night:
In the past 5 months or so, I’ve been sharing almost all my moves realtime with Twitter stock community. It’s been great; the thing you feel when someone follows your move, makes money and thanks you is amazing.
I’m writing this just to let my followers know I won’t be doing that anymore. Well, I’m not really going anywhere, I’ll still be around and will share some of my trades, ideas and comments. This blog will also be updated as often as it has been. But I won’t be nearly as active in general. If you’ve been following me, you know that I’ve been religiously tweeting open&close of every position, not leaving any “orphans” behind and justifying my every move. I hope it was useful to some of you. But I won’t be able to keep doing that. I should also point out that this decision is completely for personal reasons and has nothing to do with anyone but me.
Thanks!
-Cody
When I politely asked him his reasoning saying: “@codytrades Full transparency is about brutal honesty, both good & bad–which is it, are you a coward or fraud? Thanks for proving me right”
He politely responded: “Wow, now we know @timothysykes is an asshole for sure. I said personal reasons Tim, now fuck off.”
Now a value investor or Swiss Banker would run and hide from such public displays of anger, fearing how the publicity from such a polite conversation would affect their future business deals…I kept pressing and I don’t feel like copy and pasting all the tweets, but basically CodyTrades wants me to respect his decision, moronically accusing me of not being able to promote “free and good resources” (I say moron because this now Swiss-like private trader forgets I created Investimonials which promotes THOUSANDS OF FREE AND GOOD PRODUCTS), zzzzz, not worth my time, I gotta do my watchlist for TIMalert subscribers!
Until now, Cody had his defenders, but apparently he doesn’t care enough about them to explain his reasoning for quitting. Some still think that I’m wrong and people should be allowed private lives and excuses and blah blah blah.
My point is that once you start posting your trades, your market thoughts, you are a public financial person and while the world doesn’t care about finance (there’s less financial magazines than pet magazines at my local bookstore….sad), there is a responsibility that comes with posting such information because there are so many financial incompetents out there that they will follow the advice of just about anybody and that is dangerous when there is so little transparency.
Of course, of course, I am not a financial advisor, nobody should follow my trades, I don’t give advice, yada, yada legal disclaimer yada…but when it really counts…in a world where legal disclaimers don’t apply–you know whether or not the information you provided has helped others earn and learn….and you know if you’re a fraud and/or coward and how your information and your existence hasn’t benefitted others as much as someone who’s real…and through my brutal honesty and success (#1 out of blah blah blah made nearly a $1 million just being ridiculously-enemy-making honest last year) I hope I can inspire you to be more real, less of a coward, less of a fraud, less like CodyTrades, more transparent.
I’m not asking you to be profitable because I understand that would rule 90-95% of the people reading this out (well maybe TIMalert subscribers the % seems waaaay lower) and to you value investors, I would never ask you to be less boring than this table on which my laptop sits because I understand that would rule 70%+ of you out (haha kinda like the S&P 500 figure you fail to annually beat)…all I want if for you to be brutally honest…even if that hurts your career….even if that hurts your “online rep” aka meaningless…you’ll thank me in the afterlife….and we’ll all look down and laugh at soulless stock promoters with SEC records like Charles Payne and incompetent promoters like Beacon Equity who each own dozens of URLs with slimy sales sheets and pseudo-stock market content meant to lure in suckers, inadvertently damning them to eternal hellfire (CP &BE, yoooo, it ain’t worth it!)
Posted in Cool Opportunities, Cowards, Transparency