Why This Bear Market Isn’t Scary At All!
Posted by timothysykes on Sat 1st of Mar, 2008 05:40:38 PM
Tags:
TIM Store Offer:
If you rid yourself of your optimistic biases and play by the charts, bear markets can be surprisingly easy to navigate. In fact, I had a nice little 4% gain on the week. That’s right, these microcrap momos don’t care about the overall market, they’ll continue to spike irrationally because it’s in the interest of microcrap companies/shareholders to do so!
I mixed perfect with decent and ugly trades, but gains are gains, especially since they helped TIM finish up nearly 15% for February, handily beating the 3, 4 and 5% monthly losses for the Dow, S&P and Nasdaq, respectively. Am I satisfied? Hello no! TIM could have a 20, 30 or even 50% month and while I’d be happy, I still wouldn’t be satisfied because with such a small account size, I don’t give a crap about index beating percentage gains—and neither should you!
For too long you have been brainwashed by fee-fanatic financial firms (FFFF) and the “financial media”, which reminds me more and more of the WWF—in that it’s really just entertainment scripted to be taken seriously by those not smart enough to realize it’s fake—to treat what little money you have as if you were a $5 billion diversified mutual fund! Screw that, I’m in this game for the dollar gains—and you should be too—to turn thousands into millions, without the use of leverage or options, so despite this nearly $2,000 gain this month, I’ve got a ways to go.
Perhaps it’s immature—ok, a lot immature—but it’s comforting to know that my greatly derided short biased penny stock trading strategy handily crushed popular strategies like sissy value investing…as usual. And, I had fun and learned a lot doing it, which is more than I can say for most others! (For too long, you boring financial scum have reigned supreme, hiding this industry’s potential…you make me sick and I’m sure the feeling is mutual…just know I’m comin’ for your crown!)
Boring people aside, I’m getting too many emails from investors saying “the markets are crashing, the markets are crashing, what should we do!?!?!?” Yawwwwwn, wake me up when your emails say “the girls have gone wild, the girls have gone wild, what should we do?!?!?!” Until then, I’m just sitting back, waiting for some easy pickings.
I’ll tell you what to do—for entertainment purposes only of course—be extra careful, stay liquid, don’t trust anyone in finance/business and take advantage of any excess market/stock volatility. Anything you invest in can be held against you in a court of reason. Until we see some truly worthy opportunities, just let the struggling unlearned greedy bastards tear each other to pieces, trying to weasel their way out of the mess for which their kind is directly responsible.
After all, the main problems—a sluggish economy, sluggish dollar, over-leveraged individuals, over-leveraged companies, pathetic politicians, pathetic housing, rising foreign control, rising oil, rising gold—are nothing new and there are no quick fixes. For too long, we optimistic-bred Americans naively believed our sins wouldn’t catch up to us anytime soon. So, maybe we need a cleansing. Try definitely. Noah’s Ark-style. Too much dumb money is fun because dumb people throw the best parties, but after the parties are over—which looks to be the case now—dumb people suck because they don’t know how to clean up the mess.
So, instead of worrying, I’m prepared—as I’ve posted for the past few months—my little nest egg of $600k-ish is all in gold, euros and dollars, benefiting from a flight to safety and earnings interest. I recently just added some Swiss Francs to the mix, because, hey, why not, the Swiss aren’t dumb Americans.
That’s right kiddies, this Short Selling penny stock day trader puts his winnings away into nice safe stuff because he’s read too many books (see my LIBRARY) and met too many Wall Street idiots/cokeheads and will never put a dime into any of their incompetent hands. You don’t have to be as crazy cynical as me, just realize everything you’ve ever known is coming to a grinding halt. And it could get really ugly. Ha, I’m sorry, I shouldn’t be laughing, or even smiling, but over the years, I’ve taken so much crap for my strategies/theories, I can’t help but gloat just a little.
PS This is not ego talking, I know I’m but a wee little baby playing with teenagers (wealth-wise), and for all my strategy’s greatness, its inability to scale past a few million dollars means it will forever be looked down upon, but I wish you could experience this same incredible feeling that comes with teaching/sharing/unleashing concepts that are soooooooo greatly misunderstood and that go against those taught by soooooooo many traditionalists/fundamentalists/boring-ists while at the same time be soooooooo right for sooooooooo many people who are still in the womb (again, wealth-wise).
Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!
Related Reading
10 Responses
Other Websites Referencing This Post
- TIM And TimothySykes.com Traffic Surge 15% In February And Why I’m Living The Good Life | Timothy Sykes - Stock Trader, Author, Entrepreneur
- First Quarter 2008 Review: Earn 21% Every 3 Months And You’ll Live A Happy Life | Timothy Sykes - Stock Trader, Author, Entrepreneur
Leave a Reply
TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 20 | STXS | $3.21 | $3.48 | $813 |
| Nov 18 | PERY | $4.68 | $5.00 | $640 |
| Nov 11 | IIJI | $2.79 | $2.95 | $442 |
| Nov 6 | CVI | $4.42 | $4.70 | $530 |
| Nov 5 | MECA | $3.68 | $3.95 | $490 |
| Nov 4 | CVI | $5.18 | $4.94 | $472 |
| Nov 4 | CVI | $4.83 | $5.01 | $333 |
| Nov 3 | NAK | $3.30 | $3.37 | $157 |
| Oct 31 | IDAE | $2.18 | $2.18 | $20 |
| Oct 30 | HSNI | $7.37 | $7.86 | $561 |
| Oct 29 | EVC | $1.97 | $2.70 | $1439 |
| Oct 28 | HSNI | $6.92 | $7.30 | $540 |
| Oct 28 | HSNI | $6.20 | $6.00 | $320 |
Total: $35,854 (189%)
Tim have you ever seen a chart comparing DOW 1932-1937 to 2002-2007? Very scary similarities. Kind of like PEIX to SOLF. If you invested in DOW 1937 didn’t get to even until 1950. If pattern stays intact invested at the top last year you won’t be even until 2020. Sucks for value investors!
yup, the future isn’t looking too bright, i love how buffett just came out and said if we averaged 5% for the next 90 years the dow would be at 2 million, 10% annual returns, dow 24 million…longterm investors have won big, odds are against that continuing over the next few decades
Tim that is the best blog/article you have written so far as I have read most of them. You speak the truth and for that you need to be commended. I have two questions for you. First, you have been around alot more people in the financial industry then I or most people. Do these people in the financial industry talk about how the rip the general public off with their fees and low returns or no returns at all? Second, you never mention if you have an IRA or a Roth IRA, so do you not have one and if you do have one how do you invest that money? How do you think we the readers of your blog should invest their IRA or Roth IRA?
Nice article, you had me @ hello, uhhh i mean “selling penny stock day trader”….
My first post/reply here, but the article above offers some good insight. Admittedly I’m finicky and don’t buy stocks under $10, however some of the ones that are de-listed and risky have been doing very well. My speculative play was CWDK which has been since day 1 and it never ever seems to be affected by market volatality along with the rest of the market. That being said, I’m not advocating this particular security, just the fact that pink sheets and OTC stocks are surprisingly unaffected by market changes.
Nice article, I need to comb your site more Mr Skyes…..so far from what I’ve seen it’s very valuable.
Thanks, Ray J Man
also, nice bear picture btw….they aren’t vicious after all eh?
how shiny is gold these days, wow
Holy shit Tim. Here here!
Bwahaha - spit my drink out when I saw that pic of the bears. Good one.
Yet another reason why your blog is so much better than all the others out there
(sorry Captain Kirk - you’re just boring).
TIMMY PLZ DO A MEGA ARTICLE ON GENC PLZ!YOU OWE ME A FAV!LOL
DO SOME DD AND PROMO ALL GENC ARTICLE THANX
=========COINZMASTER AKA BEAR TRAPPER===========
Thanks for the compliments guys, just wait til u see the projects we have in store for this website…
i wrote about GENC the other day, sorry not my kind of play