Some More Signs Of PennyStocking Success aka All You Trading Frauds Are Going Down!
Posted by Timothy Sykes on Sat 26th of Jul, 2008 07:04:15 AM
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Sure, sure, lots of people on this site are posting they’re making money from PennyStocking, TIMalerts has like 20 winners in a row & testimonials galore from subscribers who are banking, but the real test of whether or not I’m succeeding in getting people learning and earning is a.) if they’re proving it on Covestor (which taps into people’s actual brokerage accounts to verify returns and (follow my trades and see my returns HERE, trust no blogger who ain’t on it, their words ain’t worth sh%^ as they’ll DEFINITELY beef up their returns to make themselves look/feel better) b.) they’re blogging about their trading because they understand it’s all about sharing their trading and theories openly (well, you’re reading my blog aren’t ya?).
Judging by Covestor’s leaderboard (click HERE to view), I’m encouraged to report that I’m certainly succeeding as two other PennyStocking regulars, Yngvai and Yaktipper, #11 and #2, respectively, are right atop the leaderboard with me…and more importantly, they’re both frequent commenters on this site and GOTS, with one, Yngvai, even creating his own blog, cleverly titled “Welcome To The Gutter”
Yngvai is building on his numbers, up 40% on the month, and his profile reads:
I focus on microcap and smallcap plays. I look for stocks that have a chance to make big movements within a day. I do most of my trading in the morning after the market open, or in the last hour of the market. I will go long or short depending on what presents the best opportunity.
while Yaktipper is up 20% on the month and describes himself as:
My name is Paul Casimir, and I am an Internet programmer living in Wisconsin. My investing history is full of lucky breaks. The first real capital I had to work with was from stock options I was able to cash in after a buyout of the company for which I worked. Not long after, a financial scandal was revealed in the parent companies (HBOC & MCK) that made fool.com’s top 10 scandals of the year, and sliced the stock price by 75%. Cashing out those options was lucky break #1.
Lucky break #2 was riding the .com wave. AOL, Dell, Amazon, and search engine companies grew my $18,000 into about $75,000 in less than 2 years.
I began to sink into day trading, but the stress was too much for me and I bailed out of the market completely except for a bit of AMZN just as the bubble was beginning to burst. That was lucky break #3.
The small amount of AMZN I had left sat for 7 years, losing up to 90% of it’s value at one point, but recently ending up as a 50% return for me (over 7 years, but I’m not complaining).
Timothy Sykes has sparked my interest in investing again, and I’m looking forward to the ride.
Now people can and will say whatever they want about me and my strange little strategy, but these guys make me proud. Who woulda thunk a guy with a trading DVD/newsletter would ever have any real life/confirmed testimonials (certainly not anyone else in this BS industry) (yup, that’s a dare to the thousands of motherf$%^&ers out there who have dvds, newsletters, seminars, but for some reason, whose students aren’t up on Covestor , let alone themselves, proving day in and day out the value of their strategies, I, and everyone else, will just assume you’re guilty of being part of the 90% of traders who lose aka a fraud)!
I imagine a day when Covestor’s leaderboard is ALL PennyStockers because there’s just no way that any other stock trading strategy–yup, not including options–can match the kind of percent returns of which PennyStocking is capable. I could be wrong, but considering all the other “trading teacher” cockroaches don’t share openly–as if they’re afraid or have something to hide (yesss, it hurts, doesn’t it you frauds?)–my strategy has no rivals.
More importantly, I love that my peeps have realized it is all about sharing openly, not bragging, but documenting their successes AND failures. I imagine a day where there’s thousands of blogs and publications written by Pennystockers…
After all, in just 6 years, William O’Neill has sold millions of copies of his CANSLIM stuff–it was my first trading book and I highly recommend it–and his system isn’t even as good as PennyStocking , % return- or honesty-wise (although it will always be more popular cuz after the first bit of research, there’s not as much work involved aka people are lazy)
People frequently ask me “what happens when too many people are following TIMalerts or trading the same stocks the same way?”–guys, there’s no one way to play, you can buy breakouts, short breakdowns, focus on the short, intermediate or longterm, there’s so many profit angles, the key is just understanding the variables–mainly how incompetence, corruption, manipulation, greed and hype all play separate roles in this game–so congrats to peeps like Tony Ellis, Mike the Machinist, Yngvai, Yak and all you other successful PennyStockers out there, keep earning and learning, and more importantly, keep sharing, for your benefit (good to look back/keep trading diary–doing it all publicly helps you that much more as your every move is open to critique) and ours!
Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!
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TIM Alerts
View All| Date | Stock | Position | Ideal Exit | % Gain |
|---|---|---|---|---|
| Nov 24 | KVHI | Short | $3.70 | 18% |
| Nov 20 | STSX | Short | $3.10 | 11% |
| Nov 18 | PERY | Short | $3.75 | 25% |
| Nov 11 | IIJI | Short | $2.80 | 5% |
| Nov 6 | CVI | Short | $4 | 15% |
| Nov 5 | MECA | Short | $1.95 | 51% |
| Nov 4 | CVI | Short | $4.81 | 4% |
| Nov 3 | NAK | Short | $3.20 | 5% |
| Oct 29 | EVC | Short | $2 | 26% |
| Oct 28 | HSNI | Short | $6.80 | 7% |
| Oct 28 | HSNI | Short | $5.75 | 4% |
November: 9 alerts, 15% avg gain
October: 11 alerts, 14% avg gain
I don’t know if anyone else thinks like this — knowing I am exposed on Covestor has made me paranoid about making mistakes and has made me put a lot more effort into thinking things through. If it wasn’t for Covestor, I’m positive I would have many more pointless losing trades that would teach me nothing and that would be tucked away in a dark place where nobody would ever see or know about them.
Tim, I finally caved and bought the package (year subscription + DVD). I lost a grand this week on an emotional trade with SQNM, and am sick of doing stupid shit like that. Yak and Yngvai have inspired me. Do me a favor though… I was just charged my monthly fee… could I get a refund on that, since I just ordered the annual? How would that work? Thanks.
Tim,
To think that I never shorted successfully until I was exposed to your theories/methods is another testimonial to you.
It’s so obvious what you teach yet it never ever occurred to me.
Keep teaching!
And thanks again.
Tim,
I have been following your blog and commenting here since early March when you had that midget and basketball player analogy blog post. I was one of the suckers who use to spread my money across several penny stocks thinking that all I needed was one…just one of those to be a big winner like Microsoft…to make me a fortune. I sincerely believed the “stories” behind these firms and would put almost 50% of my capital in some.
After losing literally thousands on penny plays like Lucent Technologies and Sirius Satellite radio, I abandoned penny stocks altogether, thinking that it was just not possible to make money in this niche.
I took a long break from trading to rebuild my capital and, fortunately, came across your blog when doing a google search on trading strategies. Came across your 37 principles for pennystocking blog post and have been a loyal follower since.
I am the opposite of you in that I am too scared to short and feel comfortable only when going long these plays. No time to take advantage of short plays (reserving, borrowing shares, staring at screen etc.) when you have a full time job.
Thanks Tim. Enjoy your posts and thanks for getting me back in trading.
Yak - that’s a good point about being exposed and being more cautious because of the exposure. I had never thought about how in that respect it might be benefiting you somehow. I’m sort of paranoid about the security, though. Somewhere on their servers they’ve got your passwords and account numbers.
I owe all my recent success to Tim and Mike13th. They have both helped me tremendously. Thank you both!!!!!!
I had a rough April/May has I was learning this stuff, broke even in June, and now making money in July, and I hope to keep making progress.
Covestor says 40% but I’m actually up 21% on the month, but we all know that Covestor doesn’t do the % returns correctly.
This is what it’s all about. Learning from each other. I’ve got a bunch of people on this site that I’m tracking on Covestor, and I know they’re tracking me. We’re all going to help each other make money here, which I think is awesome!
The question is…which one of us will dethrone Timmay from the top? When will the apprentice become the master? haha Yaktipper (love the username) is on Timmay’s heels in the annualized rankings.
Alex: I enter my trades manually because I am paranoid about that as well. I’m sure it is a very secure/safe site, but when my account gets really huge, I want to make sure it is ironclad in terms of security. Every month, I upload my brokerage statements on to their site to verify all my month’s trades.
Yak: Good point there. I am much more selective in my trades now that I can actually graphically track my performance and am exposed on covestor…. much quicker to discard bad setups.
Anybody know how many people in total are signed up on covestor?
Alex,
Covestor’s linking to your account is through an independent security firm. They don’t keep the info to access your account on their servers. Here’s the statement from Covestor:
As an active Covestor member you may give us information to access your trading records from your Broker. This Verification Information is only used by our security partners to verify the Activity Information within strict security parameters and is not accessible anywhere on our site and not maintained on our servers. See our security policy for more details.
yaktipper - I’m in Wi too, lets get a drink!
aweosme guys, keep up the great work, puma i’ll email u
Cool thanks
How did the video shoot go?
Have fun in Japan. Pack light if you are going to travel a lot. Get a translation book - Lonely Planet makes a good one. Expect to get lost.
I’m still working on undisciplined trading. Keeping my capital small while I’m still learning.
I plan on signing up for covestor shortly.
I put TIM in a category much different than any other “guru” on the internet; however, i am curious. You say you make up to 30k a month on ads and selling products, but you won’t make that trading in a whole year. Plus, you make all that money and don’t even pay your interns. I know it’s good for them, but throw them a bone! Also, you love to short but your biggest trade was a long, right? Honestly, I hope you forget all this DVD crap and run a hedgefund.
haha michael, gimme a break, i’m trading with 20k, if i was trading with 200k, i’d be up 150k right now…probly even more considering the pattern day trading rule has interfered so much…again, this was all done on purpose to bring attention to these issues for small traders…and yes it is fucked up that i can make more on products, but i recognized the need for honest info so i’m taking advantage of it….just getting started, i think i can make millions teaching people to make a few grand, after all, 90% of them are losing right now so i have a massive opportunity.
biggest trades–both long and short, doesnt matter, as i stress in the dvd…and i love how people look down on trading dvds, even more opportunity for me to change the game and cut out the BS…running a hedge fund is fine, but u dont help many people and its very lonely…this is a much better business
Good to go Tim… figured it out. Thanks
Alex, I enter manually too and I like it better in some ways. It’s another time to reflect on each trade, and I enter them right after I make them so it’s *almost* real-time for most trades.
Adam, anytime.
new post, fox interview:
http://www.timothysykes.com/ad.....interview/
Tim,
I order today that William O’Niel’s book which you recommended yesterday. I hope to learn some more tricks of trading.
Tim,
I know I have a Mind of Millionaire. I shorted stocks before I knew you but nothing like you do. Since I joined your website, my mind has expanded so much that it is now going to be worth more…let say Billionaire…maybe I even need to change my screen name..haha. Thanks Tim. Continue teaching, it is a great work!