Answers To 7 Frequently Asked Questions From TIMalert Subscribers - Timothy Sykes

Answers To 7 Frequently Asked Questions From TIMalert Subscribers

Due to my recent success (I’m up 20% in May 2009, #1 on Covestor out of 25,000+ traders, my PennyStocking DVD students account for nearly 1/4 of the top 100 on Covestor, and of course I’m now up 365% in the last 18 months) and trying to keep track of all the TIMalert subscriber & PennyStocking DVD student testimonials (see HERE, HERE, HERE and HERE all in the last week, on top of HERE, HERE, HERE, HERE & HERE from last week!) (yeah, nobody gets as many testimonials as me, nobody!), TIMalerts has now crossed 1,000 subscribers so to help me cope with the demand, here are answers to 7 frequently asked questions:

1. What do I get when I signup for TIMalerts? Is there a trade every day? Are there specific entry and exit points listed in every alert?

TIMalert subscribers receive a daily premarket watchlist, which usually gets emailed and posted on the TIMalerts.com subscribers-only website anywhere from midnight to 8am (usually around 1-2am EST because I work my ass off), and trade alerts are sent out whenever I make a trade. This is not some BS newsletter that picks random trades or gets compensated by companies to promote their worthless stocks; I trade whenever I see an ideal trading opportunity (ideal setups are explained at length in over 36 hours worth of instructional DVD content which can be purchased HERE), which has happened in the past approximately 8-10 times/month.

Download a PDF version of this post.

I usually trade stocks listed on my premarket watchlist, so often times when I make the trade, it’s a simple message in order to get the word out ASAP, but the morning watchlists basically does spell out what I’m looking for so the alerts basically detail my entry, stop and ideal exit prices in order to help TIMalert subscribers better understand PennyStocking (meaning I don’t go for home runs like most penny stocks saps, I aim to make 50 cents to $1/share over 1-2 days because I’ve found that profit range offers the highest odds of success.)

2. I hate/can’t partake in short selling so I’m only interested in your buy alerts. What % of alerts are buys vs. shorts?

First, you’re a moron for limiting yourself to one side of the market–you’re a tennis player with no backhand, a meatball with no spaghetti, a unicorn with no horn, Jim Carrey without a comedic script, aka what you’re doing is unnatural and your account performance will most surely suffer you stubborn ignorant fool.

That said, short selling isn’t for some people (no matter how hard I try to get people to learn from my worst-selling instructional DVD ShortStocking), and they do account for nearly 2/3rds of my trades (I excel at hashing out hyped/manipulated up piece of crap). The good news is that even when I short sell, I will inevitably have to buy to cover my position and while my timing isn’t great, often times those are solid buy points too.

3. What broker lets you short stocks below $5?

I use and recommend Thinkorswim (otherwise known as TOS) & Interactive Brokers (commonly referred to as IB)…Thinkorswim is far and away the better broker in terms of customer service, execution and software, but IB has had some great borrows on my kinds of stocks lately…Thinkorswim‘s minimum account size is $3,500, Interactive Broker’s minimum is $10,000 but you say you’re with me, I’ve heard they make exceptions…you wanna go with crappy cheaper brokers, well, you get what you pay for.

PS There’s no rule against shorting stocks below $5, just because some of you are too naive to realize that your broker sucks, don’t think for a second there aren’t others out there who are hungrier and smarter than you who have figured out how to short stocks under $5, under $3, even under $1. I’m sick of ignorant people saying how I do is illegal/impossible–no, it’s perfect legal, possible and replicable, you just have to use your brains, which I understand is a lot to ask for many of you.

4. How do you find all the stocks you trade? What’s your research process and what websites do you use?

I got this question so much, I created an entire instructional DVD package called TIMfundamentals–6 hours of video content and a 95 page instruction manual–in which I detail the specific websites, data and variables that look at each night when building my daily watchlists that I usually email/post on the TIMalerts.com subscribers-only website anywhere from midnight to 8am to help get subscribers prepared for the upcoming trading day.

5. I subscribed to TIMalerts in the last day, but when I go to login, the TIMalerts.com subscribers-only website says my username and/or password is not valid, can you help me?

Sorry to say, but TIMalerts is run manually, proudly and cheaply–we have to manually approve each and every subscriber so it takes 1-2 days to get everyone into the system. You should be added to the email list within a few hours of your signup, we’re dedicated like that.

PS We’re working on upgrading the site, alert speed, alert options (by text message, IM, etc.), but considering my entire team is working 10+ hour days, change is slow…

6. By the time I receive trade alerts, the stock has already moved a great deal–WTF?!?!

TIMalerts are not meant to be traded off of–in fact, I would never dream of recommending to buy or sell any security as everything I do is for entertainment and educational purposes ONLY. Instead, use my trades to further your trading education as whether I win or lose (and as my 366% return over the past 18 months clearly demonstrates, I win just a bit more than I lose), there are lessons to be learned about my lack of discipline, the power of short selling pump & dumps, the best penny stocks to trade, etc.

And remember, I’m aiming to make 50 cents to $1/share so even if a stock moves 10-20 cents/share, there’s a fairly good chance of further movement in the desired direction (example: I bought MAPP the other day at $8.76 and the stock was at $8.90ish by the time people got the alert…1 day later the stock was at $11, 2 days later, $13…penny stocks are volatile!

Perhaps most importantly, if subscribers combine my premarket watchlist commentary with what they’ve learned by reading of my 2,000 blog posts and my 36 hours of instructional DVD content, they can actually ANTICIPATE my trades/alerts…and when that day happens my friends, TIMalert subscribers will no longer need me as they’ll have truly learnt PennyStocking!

7. If you’re really so good, why tell others your secrets? Why do you not just live off your own trading gains?

First, despite being the top ranked trader/investor out of 25,000+ on Covestor, I’m not that great a trader (PennyStocking just rocks!)

As I’ve explained 8483839493 times, my strategy, while great %-wise, has its limitations so it’s very difficult for a not-so-great-trader like myself to earn more than a million or so/year, even if the market is perfect. Long story short, I’m more ambitious/greedy than someone who’d be satisfied sitting in a typical prop-firm-like degenerate trading office (speaking of, I’m uncomfortable using leverage so no profit expansion there) earning a probable $100k, $200k, $500k/year.

When I see how many fake/fraudulent/absolutely shitty trading “coaches” making millions, I figure I can make more just by telling the truth. After all, selling instructional DVDs and subscription products for hundreds of dollars to help people learn not to try to hit home runs, but instead aim for singles and doubles, which can still yield several thousands of dollars of trading profits/week is not only good/fulfilling business, the value proposition for potential customers is absoluately amazing. And considering I’m up six figures on my educational products–mostly due to all the ridiculous testimonials I’ve been getting from happy customers (see the 1st paragraph of this post…I may be up $11,000 or so this month in trading profits but TIMalert subscribers & PennyStocking DVD students have made in excess of $250,000) in May 2009 alone, my publishing business model is running rather swimmingly.

Cutting through industry BS, teaching people REAL ways to profit and earning a profit at the same time; it’s the trifecta for which everybody should aim.

Bonus Q&A: Isn’t the success of the TIM trading account due to frontrunning your trades, meaning you buy/short, send out an alert, your subscribers make the same trade thus pushing the stock price in your favor, then you get out at TIMalert subscriber-influenced prices for solid profits?

It’s a fairly common assumption, that I’m the one doing the manipulating, but it’s incorrect. What I do is look for pre-existing hype & manipulation because it’s usually a temporary catalyst and by identifying these types of temporary catalysts, it’s not just possible but actually probable to profit when that catalyst has come and gone (aka short sell into pumps, wait for the dumps).

The fact is that out of my 1,000 or so TIMalert subscribers, only a few dozen actually understand/are setup to even trade my strategy (on top of the fact that many times shares are not widely available to short so my subscribers are physically unable to follow my trades), the vast majority receive the alerts in order to learn, not trade.

Again, I would never dare dream of recommending anybody buy or sell any security as I am not a financial advisor and penny stocks are soooo risky. Also, I aim to trade the most actively traded stocks under $10 and hold for 1-2 days.

In short, I have little doubt that as PennyStocking grows in popularity in the coming years, I’ll be forced into absurd yet lawyer-happy “hypothetical trading”, for now, those who follow my trades and theories can see I’m not a frontrunner and everyone who doesn’t watch closely will draw faulty conclusions based on my everyone-dominating % returns. Faulty assumption-making IS Wall Street so I would expect nothing less.

Posted in Q&A

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one comment

Timothy Sykes

Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my millionaire challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don't forget to check out my free Penny Stock Guide, it will teach you everything you need to know about trading. :)

  1. NickP

    Just so you all are thinking clearly, TIM is great! His info, TIMAlerts, Instructional DVD’s and everything are very informative and will open your eyes to the Pennystocking world! BUT… Don’t be a sheep! Use this stuff as tools and develop your own trading routine. If you just sit around and wait for TIMAlerts to come out or for some other chode to post to a stock message board or forum and tell you what to buy or short you will be sorry! Trust me! You forget that TIM has trading accounts with larger balances above $25K so PDT rules don’t apply to him as well as probably 10 years of experience playing these bullshit companies! You should use this stuff as guidelines to help you learn and to develop your own trading strategy! Do your own research too and good luck!

  2. NickP

    Just so you all are thinking clearly, TIM is great! His info, TIMAlerts, Instructional DVD’s and everything are very informative and will open your eyes to the Pennystocking world! BUT… Don’t be a sheep! Use this stuff as tools and develop your own trading routine. If you just sit around and wait for TIMAlerts to come out or for some other chode to post to a stock message board or forum and tell you what to buy or short you will be sorry! Trust me! You forget that TIM has trading accounts with larger balances above $25K so PDT rules don’t apply to him as well as probably 10 years of experience playing these bullshit companies! You should use this stuff as guidelines to help you learn and to develop your own trading strategy! Do your own research too and good luck!

  3. roshan P

    hey… i was going to become a yearly member and only buy… i like question 2 but how does the buy to cover thing work
    if u could please explain that that would be great so i could become a member ASAP

    thanks tim and i cant wait to start making money
    get back to me on that question

    thanks again roshan p

  4. roshan P

    hey… i was going to become a yearly member and only buy… i like question 2 but how does the buy to cover thing work
    if u could please explain that that would be great so i could become a member ASAP

    thanks tim and i cant wait to start making money
    get back to me on that question

    thanks again roshan p

  5. Timothy Sykes

    Typically you buy a stock when you think its headed higher just as I buy to cover a stock when I think its headed higher…I buy to cover to exit a position but those buy to cover alerts could also be decent buy points

  6. Timothy Sykes

    Typically you buy a stock when you think its headed higher just as I buy to cover a stock when I think its headed higher…I buy to cover to exit a position but those buy to cover alerts could also be decent buy points

  7. S.N

    Hey Tim, i know you say take it one trade at a time but can you honestly see your strategy working in 10-20years? Thanks.

  8. S.N

    Hey Tim, i know you say take it one trade at a time but can you honestly see your strategy working in 10-20years? Thanks.

  9. Sir TickleAss

    Timmytayo:

    I bought your PennyStocking DVD and it was extremely insightful. I would definitely recommend it to anyone who wants to invest and absorb meaningful lessons.

    However, I was wondering if you could make an article detailing (with screenshots) just some of the basics of stock investing. I don’t have an account for day trading and use a regular broker (tradeking) but am considering Thinkorswim. However, I am still trying to understand how to short and buy stocks, how to sell them.

    And what exactly happens when you have a stock and trade to sell it but there are no buyers? Does the broker automatically tell you that the stock can’t be sold at that time because of insufficient market demand?

    I think a comprehensive guide to the essentials of stock trading would be EXTREMELY appreciated to LOTS and LOTS of people. No books or online guides actually go through any of this, nor the mechanics of what is actually happening when you buy and sell a stock. Do all stocks have to be traded on the floor or is this only for non-NASDAQ stocks?

    Your fan,
    Sir TickleTits

  10. Sir TickleAss

    Timmytayo:

    I bought your PennyStocking DVD and it was extremely insightful. I would definitely recommend it to anyone who wants to invest and absorb meaningful lessons.

    However, I was wondering if you could make an article detailing (with screenshots) just some of the basics of stock investing. I don’t have an account for day trading and use a regular broker (tradeking) but am considering Thinkorswim. However, I am still trying to understand how to short and buy stocks, how to sell them.

    And what exactly happens when you have a stock and trade to sell it but there are no buyers? Does the broker automatically tell you that the stock can’t be sold at that time because of insufficient market demand?

    I think a comprehensive guide to the essentials of stock trading would be EXTREMELY appreciated to LOTS and LOTS of people. No books or online guides actually go through any of this, nor the mechanics of what is actually happening when you buy and sell a stock. Do all stocks have to be traded on the floor or is this only for non-NASDAQ stocks?

    Your fan,
    Sir TickleTits

  11. Sir TickleAss

    Also, where are the best places to search for microcap stocks? I use Yahoo’s stock screener and Pinksheets but am wondering if there are better places.

  12. Sir TickleAss

    Also, where are the best places to search for microcap stocks? I use Yahoo’s stock screener and Pinksheets but am wondering if there are better places.

  13. G.V.R.

    This one needs volume, so I have to put it in the spotlight!
    CTEL ; CTEL : CTEL : CTEL : CTEL it’s a beauty!
    We can easily drive this to 6$ or more but it’s just not being noticed at the moment! Remember CTEL CTEL CTEL!

  14. G.V.R.

    This one needs volume, so I have to put it in the spotlight!
    CTEL ; CTEL : CTEL : CTEL : CTEL it’s a beauty!
    We can easily drive this to 6$ or more but it’s just not being noticed at the moment! Remember CTEL CTEL CTEL!

  15. Pingback: 13 Penny Stocks & $10,000+ In TIMalert Subscriber Gains! | TIM - Timothy Sykes

  16. Pingback: 13 Penny Stocks & $10,000+ In TIMalert Subscriber Gains! | TIM - Timothy Sykes

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