Sykes’ Saturday Seven: April 19th, 2008 Edition
Posted by timothysykes on Sat 19th of Apr, 2008 12:15:13 PM
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I’m never gonna be able to find exactly seven so here’s 7-ish articles from the week that was…
THIS blog compares me to a Duke basketball player—I like the piece on the whole—especially the point he makes, but c’mon Duke basketball is just evil—I’m not—UConn forever!
Gotta love that 5 hedge fund managers raked in over $1 billion each in personal earnings last year…America, f%#@ yeah!
Welcome to my site’s newest sponsor, Speedtrader, a broker that charges as low as $3/trade, has access to 30+ market makers and ECNs and is OTCBB and Pink Sheet friendly. Holy hell, I might just have to open an account and see what all the hype is about.
Guess what I’m saying at the end of this video:
The dividends may be nice, but this post proves how much of a waste of time it’s been to invest in blue-chip companies like GE
I’m not the only trader disclosing all my trades—I’m just the most detailed—the good fellows of the Virtual Office do it every day, or at least some days. And since they want some more traffic, see how Dinosaur Trader made $680…Ainkurn can also make a good trade every now and then…Dehtrader shares an interesting article about investors losing everything while Denarii Trader has pretty graphs…Evolution Trader likes his $1,000+ day…Obatrader shares a solid lesson in tape reading…Retard started with $5k, is now down to $3k, welcome to the lives of most small-time traders! Thankfully, Sanglucci does know how to trade.
Eddy says hormones are to blame for the credit crisis
Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!
You really want me to post what you said? Because I think I got about 75% of it.
is that really what timtv is? who’s lined up for interviews?
I’ve been following this guy for a couple of weeks: http://www.tradingwithtk.com. He has been working on wall street since 1968, and is detailing all his trades and the reasons for them - mainly technical analysis.
Tim, the preview of the new site looks awesome. Keep up all the great work. I really enjoy your commentary. Thanks for all your dedication and contributions.
Brilliant… perhaps the best poster ever.
I’m not exactly sure what you said, but it seems you threw the “f-bomb” out there a couple of times.
And seriously, the robe? Hilarious.
-DT
Been out the loop for a couple of wks on the road…damn this site rocks! Preview looks great!!!
yes tim! UCONN FOREVER!!!!
hey Timmy, you ever wear anything besides a bathrobe? you’re a funny guy
i like this site and the new one looks even better.
Tim, VISN is up crazy from friday……should have styed in damnit! Does your new sponser have a nice trading software like TOS tho? If so, $3 a trade with more markets,I might have to check that out. And I agree, that bathrobe is freakin funny. You should just wear that during your meeting and speeches for now on, then they’ll know you mean business.
the robe, awesome…..
When does the new site launch? I can’t wait.
btw, i’m having wet dreams about your new website. quit teasing us and release it alreadyyy
I second Uconn forever…3 dollar trades sounded good but you have to make at least 1500 trades a month to qualify, it’s 9.95 for 1-399 so TOS is actually cheaper and better. I’m sticking with them.
IDXX-
Timed it perfect. You are so inexperienced as a trader it makes me laugh. HAHA.. ROFL. I am no pig, sucked that baby dry for easily $4000+ in profits. 85% of what you have taken 5 months to make with your “INCREDIBLE PATTERN RECOGNITION”, in less than 36 hours trading time. DONT BS ME! DONT BS YOUR SITE! DONT BS EVERY TRADER YOU IDIOT. You are about as inconsistent in life, comments, and mental stability as that ‘feret on crack’ you like to talk about. Sums you up pretty well.
I nailed that IDXX PEFFECT! People, dont let Tim get in your way of making true cash. This fool said I had a less than 1% chance of getting anything over 1$. I got over $3. Tim, you dont know real stocks, so stick to what you think you know, which doesnt even exist in this market anymore. Have fun with that. Markets never repeat, they only resemble.
Pigs like you would have pushed it for $4-$5, and LOST everything on the way up, like your shitty “Hedge Fund’ experience. I am seasoned, saw that shift, collected my profits WAY above and beyond anything you imagined ($1500 vs.$4000) and I got out at the perfect time.
The point is…Did I get exactly $4-$5?? No, I got OVER $3.25 though, which is 200% MORE THAN YOU SAID I WOULD EVER DREAM OF GETTING..
You are such a fool. Get over yourself, and your book, which by the way has every other sentance in it consisting of “and wow, I made a lot of money, and it was rush”. Stick to media sell-out activities, you are good at that.
And while you are at it, get a razor and put on some clothes you slob. Leave the real money making to traders, not boasters like yourself. Look at your results. You made a shitload of cash, LOST 35% of it, and then tried to repeat, which you will never do as the market has fundamentally changed and you already know that. The funniest part is that you claim A STOCK KILLED YOUR FUND, ahahahahaha. That’s the most ignorant thing I have EVER READ. Proves your foolish, were over-your head, and had incredibly lucky streaks. A STOCK NEVER DOES ANYTHING TO ANYONE. STOCKS ARE PAPER. THEY HAVE NO EMOTIONS. THEY ARE NOT ‘REAL”.
Humans pick stocks, and sometimes humans makes errors. Unfortunately, your error was DEVESTATING to not only your account, but your reputation, and ability to see clearly in the markets. You blew your fund up Mr. Sykes, not a single stock or a few bad trades. YOU. YOU. YOU. Just like you called IDXX moving more than 1$ impossible.
You fool. You make us all laugh, as it is traders like you that pay for my lifestyle.
hey tim,
what stock scanner do you use to find the multi day runners that you track. do you just write down the biggest gainers each day and find the ones that keep showing up?
btw, the guy that posted in front of me needs to get a life!
ted
You need to get your head out of your ass and stop thinking that you will make a life’s fortune trading Tim’s METHOD. That just ignorant.
Go to.. alphatrends.net, tickerforum.net, opptionsaddict.net., etc, etc, etc, if you really care about your account.
BTW…ever care to see how hypocritcal your host actually is?
Tim, do you mess with options? Or do you just buy the stock? What do you think about options trading?
never traded an option in my life
this is where i find what stocks to trade:
http://www.timothysykes.com/20.....ill-trade/
nigel, stop being such a bitch, i told u i’m happy for u profiting off IDXX with a big or leveraged bet, but i told u there was little chance of a $5 weekly drop, thats it, i play the odds…u told me about it at $50, now its at $48.50, wooooo hooooo…u wanna rip on me for CYGT, fine, i do that plenty myself, but its in the past, not to mention its made me infinitely wiser and ore conservative–i’ll take that over reputation ANY day–maybe u need a big loss like that to see that for all your $4k profit on IDXX, the risk was $10-20k, aka NOT GOOD ODDS. u wanna rip on me for my small account size, fine, i also do that plenty myself but u forget i’m in publishing, trading is not my #1 source of income anymore so my account size doesnt really matter, as long as i can make y readers $ and show them how to turn a tiny account into a bigger one…my f%#@!en god, why are there soooo many pretentious pricks in this industry?
PS those other sites u mentioned ARE great for traders looking to trade liquid/volatile names, but they’re not geared for small traders who should use their size to their advantage. take a day off from the roids and learn about scalability
Pretentious?? ROFL. Pretentious????
Tim, YOU ARE THE DEFINITION OF PRETENTIOUS! The hipocracy, ohhh myyyy. The smirks, the constant cynical nature in which you communicate, the non-stop shameless-Cramer-Esque self promotion, the never ending links to “my articles, my videos, my takes, my book, my site, my blog”, and on and and on. What everyone misses in these little snippet posts, is the email conversation we have, where you say nice, pretty, humane commentst that have more rational than a feret on crack does, however, all you want to paint on the site is Tim Sykes that badass, Tim Sykes the overwhelming purveyor of all reason, knowledge, and correctness.
You fail to mention that I said $4-5, not FLAT $5 as you want to paint. You say ZERO chace of a 5$ move, and claim my trade is WAY RISKY to the tune of 20-30%, so as to possibly lose 10K dollars if that trade goes bad. WHAT THE HELL??? How can you say a stock has NO CHANCE of dropping 5$ and then say it has an equal if not BETTER chance to SPIKE 5$, when the historical implications are just as strong either way. You are hilarious.
You also fail to mention that I USE NO LEVERAGE!! GOSH, how dumb are you. Not everyone trades with 18K, Some have 100K, some 50K, some 5K, some 1,000,000. I am between the min and max of those number but well above 18K, so all that means is that I can make bigger trades while still not be levereged outside of my personal liquid net worth. It is not to say that I am better or bigger in some way. I am trying to show people that your system, which is advertised by YOU as SAFE, is HIGHLY SUSPECT, NOT SAFE, and is A GREAT WAY to LOSE 5K if that is all you have. If you ONLY have 5K, you NEVER TRADE speculatively, NEVER. No one in their right mind preaches that. Buy liquidity, buy safety, buy support. Penny stocks have nothing of that, and pleny more % based volatility than ANY TRADABLE VEHICLE OUT THERE.
And PS…THOSE OTHER SITES….They are all run by people who have made money in a convervative fashion. Brian Shannon of Alpha Trends is probably THE MOST DISCIPLINED more fiscaly conservative trader i have EVER RUN INTO. He’s a perfectionist by trade. The site will teach newbies how to PROTECT their 5k, not make scandelous trades in the hopes of getting 500%. Thats insanity for a newbie to be doing that and you parade around like its the great unknown of stock trading. Do people the justice of at least admiting that they have a much higher risk of LOSING ALL THEIR money with penny stocks than by buying 50 shares of AAPL. Yea, slower profits, but safe, disciplined, and a much better way to learn the market. You could probably make 100$ a day anyways, without all the risk you take. And keep in mind that risk is not limited to being leveraged, it is mostly concerned with what you expose your capital to, and the areas you do, are highly speculative and risk laden.
that was just a preview of timtv, not the al the bells and whistles.
Sir Dick Nigel: my business is irrelevant to the fact that u said IDXX would make a $5 weekly move (”I simply follow price and price is saying IDXX WILL GIVE UP 5$, so will MGM” to be exact) (a ridiculous–non-historically-based target, which is why i called your bitch ass out on it), thats all, stop being such a BITCH. as for leverage, i was referring to what i’d need, or any small trader would need to use to make it worthwhile…when u say:
“If you ONLY have 5K, you NEVER TRADE speculatively, NEVER.”
i lose any and all respect for u as a human being…U R ARE PRETENTIOUS PRICK…because u seem to think financial speculation should only be done by rich people, people with a few grand don’t deserve to take on risks to try to earn above average returns?!?!?!?! my god man, do u realize how twisted u r…penny stocks are no more risky than apple cuz a) if u think the very worst of them, u’ll never be disappointed and b) less players + less variables = higher predictability
everyone else, this guy is a perfect example of why there’s such opportunity–they only think in terms of big $ and big people, never stopping to think little traders/people have any rights whatsoever. sad, really, but welcome to why wall street is so twisted
WHOOOOOLLLLY COW. I cannot believe what you just wrote. BOOM! That prove its Timmy, you just outted yourself. HA!
I love it. FINANCIAL SPECULATION BEGINS WITH DISCIPLINE! LEARN THAT. REPEAT THAT. RESPECT THAT or your account GOES TO ZERO!
An account worth 5k deserves RESPECT. It deserves CARE. It deserves DISCIPLINE. It deserves TRUE INTELLIGEN RESEARCH.
You are trying to spin this as me being a RICH GUY, telling the LITTLE GUY, go away, dont try to make money, ROFL ROFL ROFL.. Oh my people, WAKE UP TO THIS FRAUD aka TIM SYKES. He says it is RICH PEOPLE keeping POOR people down in the market. Another disclaimer of human error as in his CYGT Hedge Fund Blowup, claiming the STOCK DID IT TO HIM, not HE did it to the fund. 5K is GONE in one MASSIVE RAMP or CRASH in your Penny Stock world. And how often do those moves happen? Every day. Every minute, every trade. Each time you put your 5K into some shithole stock, you are WAY WAY WAY more likely to LOSE ALL OF IT, than make any money.
You might as well put the money into blackjack, probably better odds.
Your prevailing attidute is perhaps the most cynical, PRETENTIOUS, over draw, washed up, and complete leech-fuck one I have ever run accross.
Your business is built on your shitty social skills and inability to reason with confrontation.
Good luck with that. No wonder you were banished from Wall St.
I live way out in the middle of the pacific ocean, the LAST THING we have as ‘aloha’ is people like you. Pretentious doesnt even begin to describe you. Take another video or picture with your smug ass look. Practise in the mirror some more, you wil be ready for HollyWood any day now
1. everything deserves discipline but to say small accounts shouldnt speculate is beyond ridiculous.
2. to say penny stocks move randoly is to ignore the past 10 years of my experiences
3. i dont invest in penny stocks u moron, i bet against them when they spike
4. i don’t mind confrontations, i look forward to them, when u get all excited about “predicting” a 3-5% move in IDXX when my horrible little penny stocks that i trade earn me 5-20%
5. who gives a f$#@ about wall street, it’s full of dicks like u…nope, i’d rather teach outsiders
6. i love how my videos/marketing pisses scum like u off–just encourages me more, thanks!
PS to everyone: $6k in 6 months is nothing—its less than nothing—but small accounts gotta start somewhere…if u have a few grand, dont try to shoot for home runs, just take opportunities as they come…as u’ll learn as your account grows, the same strategy can be used so that if u had Sir Dick Nigel’s $100k, you’d earn $50k in the same time period, probly more cuz u wouldn’t have to deal with the pattern day trading rule/could have excess capital to hold positions longer
to all u haters, bring it, i got nothing to hide, i dont think any of u understand how to turn a small account into a big one without using leverage, its like i’m taking freaken crazy pills
Tim-
you may never learn this lesson until each and every person in your life has deserted you, outside of your girlfriend THE COMPUTER, but, you are the condescending moron who parades himself!
NOT ME! You dont see me on any dumb Youtube vids, or trying to scam people with a overpriced DVD, or selling a book full of anecdotal information showing how much money you made. All you do is BRAG, BOAST, and ARGUE. That’s it. I have never once, seen you act as a true teacher. You are the biggest fraud in the blogosphere.
Here we go you “LITTLE NAIVE PEOPLE”, this is my Tim List. Oh yea, that’s a direct Tim qoute, “the little naive people” one, he came up with that. Typical.
1) Small accounts deserve respect, and you do everything in your power to convince people that your methods help advance people’s money making capabilities. I would love to know how many people have been ABSOLUTELY CRUSHED by stocks you got them involved with.
2)You have NO DECADE of experience. I am 28, and have been trading since I was 16, but that doesnt mean I have OVER A DECADE of experience. The first 5 years mean nothing, so dont try that BS experience line with people. You are about as experienced with REAL trading (not your BS fantasy land trading) as you are with social interaction.
3) You made YOUR FORTUNE INVESTING IN PENNY STOCK! LIAR. Your BIGGEST BEST TRADE WAS LONG and EVERYONE KNOWS IT. How can we forget that, all you do is promote yourself.
4) 5-20% in the wrong direction, how about that? WAY more likely with Penny stocks that something like qqqq,spy, dia, ect.
5) You gave a HUGE #*$*# about wall st. You blew your fund up because of mixing business with ego.
6) Your shameless self-promotion is not what pisses me off, its YOU.
Admin: NIGEL - ALL YOUR COMMENTS ARE AUTOMATICALLY ENDING UP IN OUR SPAM FOLDER. WATCH YOUR LANGUAGE AND THE FREQUENCY OF COMMENTS TO AVOID GETTING MARKED AS SPAM. WE LOVE HAVING HATERS LIKE YOU ENTERTAIN US ON A FINE SATURDAY EVENING.
i track every trade, actual $$, not hypothetical R’s or %s. i also have my portfolio tracked in real-time via google finance quotes, showing changes in real time (20 minute delayed) as the prices change during the day.
so both of you can predict different types of moves in stocks. what’s the problem, Tim can easily predict pennystocks. nigel can “easily” predict movements in aapl… but to say playing pennystocks is more risky than other stocks is a little retarded and ignorant
Einstein, it is more risky.
Apparently, both are good at what they do, they just don’t play the same market. Tim called nigel a dumbass, Nigel is upset, so he’s now trying to make Tim looks like a dumbass and a fraud. To be honest with you neither one is right (although I think more like Nigel). I don’t think Tim is a fraud, in fact if you can ignore his personality, you can see he is no different than Cramer, who I greatly admire btw, in his own ways he’s just trying to help the average person.
You use whatever works, as an investor/trader i think you should stick to what works for you and makes you money consistenly.
This site is not just about pennystocks, it’s about the stock market as a whole…everything. I think it’s great for newbies, but if I were you, I would papertrade Tim’s strategy until I start making money consistently or just simply stick to what works for me and learn the rest from Tim. That’s just what I would do, you do whatever works for you.
i agree with you :) except for the more risky part lol. i lost more money playing goog and nyx, than i did with crap under 5bucks. depends how you play it in the end. it’s all equally risky.
last 5 days of idxx look random to me. how can i profit off that.
Tim, I need more TIMTv, your voice is sweet, sweet butter to my ears.
Nigel just gotta respond to some of your “commentary”
1. the first 5 years of trading mean nothing? you’re kidding right? learn to look at your experiences as a gradually evolving process, everything counts
2. my fund didnt blow up cuz i mixed biz with ego, i lost 35% (hardly blowup) cuz i invested in an illiquid microcrap due to the fact that i wanted to grow my little fund and my strategy aint scalable. lesson learned. instead of listening to the gossip rag,s do some actual research before u draw any conclusions next time, but then again, i’m not surprised, your analytical skills are obviously lacking, might i suggest my DVD for u? lol
3. made my first million naively buying microcraps during the mania, 2nd million was from shorting, made in bull and bear markets–this 2nd strategy is the one i promote, get your facts straight
4. i don’t care if i piss the whole world off, u’re waaay down on my list, i’m gonna teach people how truly crappy these companies are and how they can profit from such cynicism…start likin it cuz i’m just getting warmed up!
Damn Tim, you’re as bad as I am. You’re still up…at 3 in the morning.
bloggers never sleep…especially those on a mission
Keep strong man…As for me i’m studying for finals
lol @ video, awesome!
I’ve had my posts disappear too - not because I cursed a lot, but because I had 5 links in my post like a spammer would. It’s not because anyone pissed anyone off, it’s because you triggered the automatic anti-spam software. Message boards without anti-spam software invariably end up choked to death with the stuff. Sorry to deflate your sense of self importance…
Hey guys, can’t we all get along???????????
Hey Tim, what the hell happen with Google?
Nigel you sart your own hedge fund…should write for crappy stocks that need some bs hype….if you are such a prodical child start your own website you have it all figured out…a 4000 dollar gain wow back thaT up starting at that age of 14…. I didnt even to bother reading all but a paragraph of your comment…you guessed right wow and the fact that tim said it wouldnt do anything and it did means what? wow somebody guessed wrtong about the market thats never happened. dude tim has seen the dynamics of sooo many microcaps prolly more than you have seen porn im sure. write you book about guessing right and i will put it up their with someone compared to you Chris moneymaker…get a life hommie….tim u dont even have to reply to this shmuck you are way bigger..i know its tuff bc he is a blabbing idiot but your better than that