Damn All You People Who Contribute To Market Randomness!
Posted by timothysykes on Tue 18th of Mar, 2008 01:09:00 PM
Tags:
Sponsor Offer:
Do you every wonder why EVERYONE in the finance world has an opinion on stocks like Bear Stearns (BSC)? Sure, sure, BSC is big time and their collapse could lead to others, the whole domino effect, but why do people believe they can accurately judge the outcome? I think it’s just the latest example of how this industry—Wall Street and those who cover Wall Street—operates. And why you smaller investors/traders, like TIM, should have nothing to do with it! I’ll explain…
Look around at the most popular finance websites/blogs and you’ll see what I mean, TheStreet.com, Fool, Yahoo! Finance, CNBC, Marketwatch, FOX Business, Reuters, Bloomberg, Big Picture, Kedorsky, I could name these CRIMINALS all day. I say criminals because they’re all guilty—guilty of focusing their attention on popular, yet highly unpredictable situations, perpetrating the lie that makes everyone think the stock market is so difficult to understand. And they should be locked up. Or maybe just their fingers cut off and tongues cut out. Either or.
TIM Lesson: The vast majority of stock market randomness exists only in the most broadly covered topics!
Oh wait that actually makes some sense, doesn’t it? You’re damn right it does! Since everyone gives their own nearly meaningless take on everything that’s hip and popular, it creates a lottery-type environment where there’s little to no chance at being able to predict anything whatsoever! Usually somebody’s right eventually, but is it skill or is it just their time to win the lotto? Think about it, the more people playing, the more strategies in use, the more opinions—is that not the very definition of market efficiency?
TIM Lesson: When everyone is playing the same game, the potential to have any kind of “edge”, or odds on your side, drops substantially.
Ooooooooh, the economy recession, depression or stagflation, the dollar up or down short-term, what about long-term, Apple’s expansion into corporate and Europe, Google margins, click-throughs, Bear, $2 or $20 takeover, sooo many rumors, Lehman blehhhhhhhh—all too simplistic! Tooooo many variables that create varying opinions playing with too many varying amounts of capital.
Nonetheless, anything that’s actively traded will be covered by the joke that is financial journalism—so their articles will be read, ratings will go up, visitors will come, they can collect their paychecks, clients, ad revenue, whatever and they think they’ll actually matter.
TIM Lesson: Just because you’ll get interest due to your giving into all the popular topics du jour, does not mean you’re interesting. Or that you’re doing anything good. Or that you’re helping people learn. On the contrary, you are feeding into the randomness. You are no better than any boy band or Britney Spears. And that is why it’s inevitable that you’ll be cast aside in favor of somebody who is unique.
Those of us who look outside the financial lottery will eventually emerge the victors because we are able to get the odds on our side. We are able to help people make money. Consistently. To learn how to make money. Consistently. We are able to cut through all the BS, BS that has been built up for years and decades and is responsible for this thick muck that clouds people’s ability to understand the markets better, aka why finance/business is such an unloved niche in society.
All this has led smaller investors and traders to mistakenly believe they should be playing that same crap, too! Just as all these bastards look down on me because I trade penny stocks, I detest them even moreso because they don’t care about the little guys out there. They believe the little guys don’t matter. That is sad. So very sad.
And that’s why I went back to my $12k roots—to show that smaller accounts have the unique advantage of being able to get in and out verrrrrrrrrry quickly. Commissions and fees are neglible. They must use their size to their advantage!
And that’s also why I focus on penny stocks, they’re not covered by these Back Street Boy-esque media outlets—nope, they are waaaay off the radar—that is until I’ve devoted a few years to setting everyone’s priorities straight! You’ll see by the end of my quest, I, and more importantly many others, can turn $12k into $1.65 million, again and again and again—just not $1.65 mil to $10 or $20mil—the timing depends on knowledge, market environment, aggression and discipline.
PS Made a quick $180 shorting KBX this morning—a classic microcrapper momentum play—again, totally covered too soon, at current prices, leaving $250 on the table this time around (welcome to why I have a brighter future cutting through the BS in finance than I do in trading!) Detailed post to follow….so you can understand these profits and make them your own
PPS I was quoted in the New York Daily News today, showing off my unpopular anti-leverage stance!
PPPS Less than 48 hours to sign-up for my FREE $300 DVD Giveaway
Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!
All I got to say is that if you are true and you want to teach, then teach. Let people download your DVD for free or better yet, use a basic hand held recorder and record yourself.
If you really can turn 12K in 1Million in a short period of time, then the DVD should be free because you should be able to earn more money from your stock selling than you can from your DVD.
haha first off, i gotta make back the $ I put into my book, DVD, website. Second of all, I think I can make tens of millions, maybe hundreds of millions teaching this game to people. I love teaching but I have no plans to limit myself to making the $40k most teachers do, I’m a businessman. $300 is a fair price for both the buyer and the seller. Totally fraudulent trading DVDs are sold from anywhere between $2,000 to $25,000. Since its real, this is meant for mass consumption
Tim,
WHat’s your take on ISTA ??
TWTI finally breaking down. Entry 8.53.
You didnt have to spend a dime in giving out your information. There are free blog sites. You could have bought a cheap web cam for $50, and put that on youtube. All free. The website….now really, that cost no more than $11/month.
Your own words says it the best. “I think I can make tens of millions, maybe hundreds of millions teaching this game to people.” Your selling your book and DVD for money. You expect to make more money with the book than you do with your trades.
ISTa, would love for it to run, so i can short it!
TWTI, nice
Jason, what are u a communist? A guy isn’t entitled to make a profit for providing a quality service? And read back, I blog hella lot..alll for free…the book and DVD just gives background so I don’t have to keep repeating myself. And yes, if you dumb POSs would research before posting—THIS STRATEGY WILL NOT MAKE YOU TENS OF MILLIONS OF DOLLARS, THAT IS ITS GIFT AND ITS CURSE. The good news is its irrelevant whether I make $25k, $100k or $1mil trading, thanks to all the BS out there and the fact that 90-95% of traders lose, I just have detail what I do honestly and people should continue to want to learn my rules and trading style.
Whatcha think u little commie?
The only problem with TWTI is it is now sitting at its 50 DMA, and there is a strong support around $8 and that is 200 DMA. Chances it may bounce back? Just a tought, but stock-Guru here (aka Tim :-) ) knows lot better and he said “nice” in one word above, you got the green light, go ahead!
yah on TWTI, i like the gradual fade/multi-day low, not sure how far it has to fall though, FDA plays are weird
Communist…hmm never heard that one before. Free information isnt communism. What you are doing fine sir is taking peoples money and running. You are no better than the pump and dump penny stocks that you follow.
How am I supposed to read or find anything useful on this cluttered ad infested website? I respect ads, but come now, do you really need to have 3 different ad providers?
I am done here, coerce people into buying your book with flashy numbers, but I now know that all you care about is your book sales and making millions off of that, not the actual teaching. Good day.
I like seeing people like jason comment on this site. Keeps it entertaining and reminds me of how lazy people are to actually look into something before they give their opinion. There’s a lot of morons out there. Thank you for making me look smarter Jason… Retard
LOL, don’t be upset u little commie! come back, commie want a cracker? yes u do, oh yes u dooooo. don’t leave because of a few pesky ads! booo hoooo. bad commie, bad, bad commie. suck on these answers::
1. how am i taking people’s money and running, i’m here every day, answering every damn question asked
2. i hide nothing, u can see all my successes and mistakes, side by side, u got nothinnnnnnnnnnn!
3. thank u for saying i’m no better than pump and dumps, you’re right, my strategy along with those pump and dumps rock because they are PREDICTABLE! thank u for THE COMPLIMENT
4. have fun on all the other random dumbasses, let me know if u decide GOOG is gonna crack $500 and if the dollar will hit 1.53 euros anytime soon
Wow, the Dow ended up +420 today!
Hmmmmm, I wonder how one would celebrate such an event….
Hmmmmmmmmm…..
Hey Tim,
APPLE broke out its short term consolidation canal. We should be able to target 146.
http://www.sequoiatradingclub......toryid=105
Don’t you like big stocks like these ? Big does not mean unpredictable with technical analysis (cf. GOOG analysis on my site as well).
It would be interesting here if you had trading about big companies as well.
I do think that people can learn from this website. You are learning Tim’s trading concepts. He can NOT spoon feed you. He should be compensated for what he worked hard for.
Tim,
Great website. Definitely enjoy all the posts and hope to make some money from your ideas.
I read your answer to why you don’t play financial stocks (or stocks seemingly tied to the current financial mess), and I get your rational, but it seems like you are potentially missing out on a great opportunity.
As I read, it looks like you profited big-time from the irrational exuberance of the tech/internet bubble of late 90’s early 00’s. While not completely comparable, it seems as if the current financial mess we are in right now is creating the same type of opportunities available back the late 90’s.
For example, Homebuilding stocks were up today ridiculously on no overwhelming positive news on the sector (Yeah, some less worse housing start data, ho hum. Oh, and the rate cut was supposed to be a positive?). Why not profit from the market’s “stupidity” of overly buying the housing stocks when there is no real hard evidence that would support such a run-up.
I was just curious if you see a potential parallel between the late 90’s and today, but just in a different sector. I think you even said that you could never make the same type of money pennystocking today as you did back then because the tye of opportunities don’t exist anymore. It seems like the big-money opportunity today is in financial related stocks (volatility is mesmerizing!), and the potential play in the next coming days or weeks is to short your favorite homebuilder. ANy thoughts?
If you get bored tomorrow, maybe keep an eye on one or two of them.
Joe
no finance, homebuilders, big stocks–THEY ARE NOT IDEAL FOR SMALL TRADERS/ACCOUNTS. Remember a $1-2 gain in AAPL is fine but without leverage, its of no use to TIM. And I don’t use leverage either. Outside of penny stocks and options you can’t predict 10-30% moves with any reliability. Since I’ve never traded an option, I have no edge or experience there, so that leaves penny stocks.
speaking of market randomness….is anyone expecting a selloff tomorrow? or more gains?
I need to follow this type of chart more because I didn’t hit KBX but I managed to get a nice little chunk out of CEF. Charts have some good similarities I didn’t hold overnight I may go long on CEF we will have to see what happens. This is a similar chart to RGEN as well.
http://news.enquirer.com/apps/.....22/-1/ncaa
Great story check it out
If you gave a real satisfaction guarantee on your DVDs I would have bought them as soon as they came out. But a 60 day satisfaction guarantee where you can’t even look at the DVDs and have to pay a 20% fee for returning just does not sound very credible.
What do you think about WEL?
Tom, you gotta be kidding? I’ve got clips, powerpoint slides and reviews (from real people!), show me one other trading DVD that does that. Also nobody else selling trading DVDs blogs detailing all their trades. Oh yes and there that 9 year audited track record–which nobody else has. And of course I answer all questions on this site! With all that, if you’re not willing to part with a possible $60 loss, I can’t help you. Sad.
Tim,
How did you short KBX today?? I am not allowed to short any sub $5 stocks in any of my accounts!! Do yo know of a firm that allows me to short such stocks??
Thanks,
Jay
Jay, KBX fits my strategy, short into microcraps when the momentum fades. I use Thinkorswim:
http://www.thinkorswim.com/tos.....de=0907_02
For all the details see my book or DVD or just read back through the past few hundred blog posts, u’ll see this pattern work time and again even if I’m not good a enough a trader to really profit like I should
WEL’s chart is boring, shows no predictability whatsoever, avoid
TIM, what’s is the 60 money back day guarantee good for if you can’t use the DVD?? LOL
I wouldn’t mind paying the 20% if I can ACTUALLY watch the DVD and then decide…
LOL, are you guys serious? OF COURSE YOU CAN WATCH THE DVDS AND THEN DECIDE TO RETURN THEM!!!!! The “unused” part of it means refers to the 220-page instruction manual and book–I don’t want any writing on those. Wow, I guess I’ll devote a blog post to explaining this better!
now that BSC is penny stock ..would you keep it in the watch list?
just today it swan 22%…
tim,
i don’t see a good entry on the KBX short you did today. when did you enter and exit?
look like he shorted at around 10:15am, and exited too soon. But, i’d like to understand that trade more. Is that really a good trade? looks like there wouldnt be that big of a reward on that trade anyway. the day before was just messy. it opened up, and then faded. what’s the risk/reward on the trade to make it worth entering?
Noname, you win the award for biggest moron here, congrats! Look on Covestor, they TAP INTO MY brokerage account, I don’t waste my time paper trading or front running. Ever think there’s more $ in honesty then scamming? Of course not, you haven’t done your research…thats why I have such opportunity. What a pathetic industry. Disgusting
PS KBX post will be up shortly, more interview or emails than normal, maybe this viral s tuff is beginning to work?
PPS Look in the comments of the last post for the KBX REAL-TIME commentary
well that’s a totally convincing arguement right there! I must really be dumb then… All I know is I follow his shit and it makes sense, but this KBX trade I don’t understand yet. the paper trading comment is just ridiculous. why would he waste his time with that anyway. either way, there’s still something to be learned.
Yeah, now you convinced me….whew, I feel safe….
You must be the biggest moron out here, even bigger than the fools reading this crap.
So, Covestor also tracks my account - I have 15K in it…
However, Covestor DOES NOT tract my other account(s), where I do the pumping and dumping of dumb ass blog readers…
Finally, who cares about your real commentary….that is why your trades are all bullshit and hard to retrofit - because they are the opposite of what you “blog” about, so you can support your real moves…
For the dumb ones out there - he buys in advance, pumps the stock here or through other channels, and makes a random blog trade (or paper trade) on here…
He does not waste time, since some of you are dumb enough to buy the crap he sells, and others are dumber still and click on sponsored ads…
That is all from me, I am out, and I will be sure to share my experience on here…
PS: on the ad-hominem front, your smirk is gay, and it is no wonder that your book is self-published.
LOL, ooooooooh coming from a wuss too scared to use any name. again, let me point you to some facts:
1. i have no time to trade other accounts, this is a full-time job
2. my business model is based on brutal honesty, deal with it
3. all my trades are detailed and explained, not my fault if u can’t understand them
4. all my trades and my track record is audited, get ready to be bitchslapped over the next few years as i prove how ideal this strategy is for smaller investors/traders.
5. gimme some time, i’ll accept your apology whenever
6. please do share your experience here, i don’t have to be polite, honesty is enough
7. keep it up, you only inspire me to work that much harder, u got nothinnnnnnnnnnnn
[img]http://www.luclin.org/files/jamond/Retarded.jpg[/img]
Keep that post up on your blog (”I have no time to trade other accounts, this is a full time job”)…
It still not a bullet proof incrimination - why don’t you say “neither I nor my any of my affiliates have positions in the stocks that i mention on my blog before i post my trading activity on this blog”? I dare you make that statement, and I will save the page so I can disclose it to the SEC when they investigate you…
I am waiting….
[img]http://store.theonion.com/images/get/152[/img]
I am still waiting…..by the way, you haven’t learned from Jonathan Lebed about using different aliases on a message board? It will not help during th SEC investigation….
NoBrain Here you go:
1. What I post on my blog represents the only trades I make in the securities I write about
2. I have no affiliates, other than the soon to be affiliates who will make $75 per DVD copy they sell on my behalf
3. I don’t tell anyone my positions beforehand although I may allude to my plans on my blog before I actually trade a stock
4. This blog is for educational purposes only, it’s not a solicitation to buy or sell any security
5. I’m a cynical short seller you moron, I don’t pump and dump, I short them
6. Thank you for being so lazy to research this stuff, you’ve helped me sell 2 DVDs tonight…I’d give you your $75/copy but I havent start the affiliate program yet
7. Even if I had, you have no name so I couldn’t give you your share, sux to be so scared to use your real name, huh?
8. Bring the SEc to investigate, I welcome the publicity and transparency. I’m probly already on their watchlist considering I told New York Magazine they raped me LOL
U GOT NOTHINNNNNNNNNNNNN AND THATS WHY MY BUSINESS MODEL IS GREAT
Your business model is a sorry excuse for a blog, a pathetic pump and dump scheme, and an “educational dope” pushing crack house…
To all crack heads on here, you should learn what he is doing from a 5 minute read at Borders, as none of this is profitable, and thereby it is worthless…
He makes money but front running stocks, and getting ad revenue, and shamelessly promoting his worthless spew…
Alright, I spent too much time on this crap, good luck to all, and hope you do not pay him a dime (and that means do not click on the ads, no matter how attractive the ad sounds).
No Name
(no need for a name on a forum where everybody is blind/dumb/illiterate so they can’t read it anyways)
what if you sucked up your ego, and trade against whatever he pumps? wouldn’t that be profitable too?
my last post….Zykosis, look at the movement of the stock before he mentions…most have gone up right? Why? Who pumped them? Do you fools have any idea how difficult it is to short a penny stock? With 15K in the account? Hell no…
This should be transparent to all with 2 hours worth of trading experience… but who am i to judge…
Again, I am out of here, as posting here is lunacy, and I will not perpetuate this madness any longer.
I’m out, and I hope you are too.
i dont really care what it does after he mentions it. thats like making a trade because cramer mentions it. and it doesnt matter as long as it makes a pattern that is tradeable , in my opinion… AND even if it is “manipulation”, we can all be apart of it and make a trade if the pattern keeps occuring. In one of tim’s interviews he said all of wallstreet contributes to “manipulation” in some way anyway. “it’s just how wallstreet works.”
but whatever, he’s not pumping and dumping regardless. that would be too boring of a way to make money. why would he risk everything he earned thus far on a dumb strategy like that
LOLOLOL, why would I post my short sale idea on the stock if I wanted to pump it, this site is all SHORT SELLERS! LOLOLOLOLOLOLOLOLOLOL Too funny.
PS Do you know how easy it is to short stocks under $5 with under $25k? Open up a Thinkorswim account dum dum and learn my strategy, I love pump and dumps….to short into!
i actually think buying the breakout is safer and easier sometimes? pattern is more clear
…unless it’s a supernova of course. but how often does THAT happen. i mean a real nice supernova
noname is really attracted to you TIM…Checking out your smile/smirk on your homepage…He is secretly in love with you, pay him no attention.
Not trying to kiss your ass or anything Tim, for I have no reason to, but oddly enough I enjoyed this post for its core message to all financial news outlets and small-time traders: stop blabbing about things that have ALREADY HAPPENED or about things that you WILDLY speculate will happen based on a weak understanding of ‘the market’. After reading your post I deleted all of my blog posts on Covestor because I realized I was doing just that: I was running my mouth about topics I hardly understood rather than finding a deeper understanding of things and what’s most important—finding those beautiful opportunities to move all in on. No one actually gives a shit about these little financial headlines, yet all the sites act like they’re doing such a swell job. Just report it and move on, because in a few moments it’ll be old news. Just like how you found and mentioned the 25 basis point cut over the weekend. Report it, bam, move on to getting laughs about Dupre. I’m rambling, but the point is, we all need to focus and just cut the fluff.
must respect,
ben
Tim, I think you need to make a rule on your blog so that you don’t waste time on jackasses like ‘noname’: don’t respond to a question or comment unless these two conditions are met: 1.) they leave their name or at least some identity to back up their claims and 2.) they have an argument and/or evidence to state that is of relevance. Just a suggestion, not trying to tell you what to do.
-ben
I don’t mind the haters, in fact I encourage them their failure to come up with anything accurate strengthens my argument and makes me “controversial”. Finance is full of boring people and frauds, I’ll never be either