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http://www.timothysykes.com/timsykes/2008/07/08/tim-2nd-quarter-review-i-suck-but-most-everyone-else-in-this-joke-of-an-industry-sucks-worse/

Archive for the ‘Quarterly Review’ Category

TIM 2nd Quarter Review: I Suck But Most Everyone Else In This Joke Of An Industry Sucks Worse

Tags: Bad Trades, Good Trades, Quarterly Review

After only a decent April (see monthly review HERE) and a heartbreaking (wasted opportunities galore) May (see monthly review HERE), my 14% June return (see monthly overview HERE) basically made my 16.6% quarter, my trading account surging from just over $17k to just over $20k, allowing me to continue to rip on this joke of an industry since even with all my mistakes I’m still doing better than 99% of the people out there, most of whom perform slightly worse than the major indexes (90% of traders lose $, 70% of fund managers fail to beat the S&P 500 cuz they’re schmucks!):

Below are all my trades and best/most important posts from the quarter that was:  

First Quarter 2008 Review: Earn 21% Every 3 Months And You’ll Live A Happy Life

Tags: DVD, Fess Up Time, Funny Links, Good Trades, Link Love, Quarterly Review, Short Selling, TIM Lessons, graphs

Coming off my best week since I started TIM 5+ months ago ($900-ish profits), it’s good to review past successes and mistakes. Without further ado, I give you the first quarter of 2008 in a nutshell, where TIM used small account size–finishing at $17,388–combined with PennyStocking to thoroughly dominate the performance of ALL major indexes, even while making tons of mistakes. Follow along and learn to do the same…already 5% higher in April and I’m just getting warmed up…

Successes:

How I Made An 8% Return Before Lunch

How I Made 25% Just By Holding A Distinct Pattern Overnight

How I Made 8% In One Morning, Leaving 40%+ On The Table One Day Later

Why My Strategy Works Even For Stupid People

God, I Love Short Selling Penny Stocks!  

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TIMtrades

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Date Stock Buy Sell Net
Sept 4 COIN $5.70 $6.21 $745
Sept 3 COIN $6.49 $6.30 $305
Sept 3 COINW $2.75 $2.85 $180
Sept 2 TAYD $7.51 $8.13 $545
Aug 18 FOUR $2.80 $2.66 $342
Aug 14 APII $2.66 $3.30 $1261
Aug 12 APII $3.25 $3.40 $285
Aug 7 NOBL $5.02 $5.49 $680

Total: $26,508 (114%)

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