See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.
Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $27,000 even though the stock market is down 20%!) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes.
Hard work, Determination and Know How.
Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.
Determination to seek those probable profits out and know how in order to actually profit from them.
Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).
As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 900+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.
This is the #1 FAQ (see more HERE) and it is answered in THIS blog post.
Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.
To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!
Tags:
Sponsor Offer:
shorted CRDC 8.95 out 8.66
looks like others had the same idea but didnt create a closing limit order and they’re all getting squeezed
LAUD is on the move!!!
Question for anyone who could tell me what
shorted some STXX at $4, will add to position if needed
LAUD level II back to normal
MIT..posted this for your info on the trade on the other post, saw a new post up and I realize you guys travel post to post so here is the info again as to why I sold ROYL at 8.02 when 7.99 looked like the resistance point:
I was looking at 3 minute chart
STXX is a lebed pick, remember PSTI, was a great short…evtnually, might be early here
seems like its time to get long on LAUD
STXX is a beautiful chart
Canceled my reserve shares for LAUD since it’s surged back to green
LAUD is surging and the bid for 85,000 appearing and disappearing left and right
FRBK is finally fading.
Check out the chart.
Vertical action on a pathetic company.
TIM, I dont think you ever posted your small loss on PTEK?
CRDC…head and shoulders..?
love the folks here that post a trade after they have supposedly completed both sides of the trade for great profit.
Tim,
I have watched your DVD and shorting a pattern like STXX is definitely not in there. Terrible risk reward there at this point. You are early
MIT, take a look at the daily chart for LEI another small oil play then move into the intra-day charts from the daily…it is being talked up on one or two sites now so nothing spectacular but looks like a good one to put on watch…had a big push up around end of may and has come back down
yah def. early on STXX, looks like it might run later today/early tomorrow, thats why its just a 1/2 position
TGE @ 8.50, looks like a nice afternooon fade
I am in LEI at 4.95 about 15 minutes ago. seems to be catching the momo
Ball, if you are referring to me you would like to see the trade print on ROYL?
No Vu-Du, not anyone specific.
It adds more value to the site if you post as you are entering and exiting like Tim and a couple of others do.
Happy you or anyone made money today but don’t really care after the fact…
Tim, STXX little too early to short, I think, based on today’s chart. I am long 2000 shares at $4, exit plan at $5 and then short. Already reserved 2000 shares.
covered 300 of 1,000 at $4.25, now big block sell orders maing me feel better about the remainder, once it takes out 4, could go nicely to 3.50
covered 400 more at 4.09, not that i think its going much higher, it could, i’m just nto risking it with my tiny account…loss management 101
Sold all long position STXX at $4.35, made $700 on long side. Now waiting to enter short side.
Ryan, what was your entry point?
I bought STXX at $4.00
nice ryan, long side was def. the way to go…i’m all out, $250 loss, i’ll live and ideally it squeezes into tomorrow
Any thoughts on ESIC? I know its a “super” pick but its sitting at resistance and selling coming in. Might get an afternoon fade?
What brokers have shares of STXX to lend?
Zecco nor TOS have any.
anyone else long on the LAUD
I’ve got 2700 shares reserved at Scottrad…that was all available
Tony or Tim, what time were you able to reserve shares of STXX? I’m curious if you got them pre-market or early afternoon, since it seems borrowing shares on these penny stocks is mostly a no-go after the market opens…thoughts?
I reserved shortly after Tim posted he shorted. I’m waiting to see how it acts into close.
Trader_MIT, I borrowed 2000 shares from Ameritrade. It is always good to have accounts open with different brokers and when needed you will find shares to short from one or the other. BTW, did you cover FRBK or going to hold O/N?
I covered at 6.31
I’ll re-short if it hits 4.60+ though.
mit: correct me if i’m wrong; wouldn’t FRBK be a better play to wait for another push higher then wait for a red day?
I’m liking how LAUD is starting to form. Kinda wish I would have bought in earlier today to get the front side of the run up. I will keep a close eye to get it when it breaks down.
Brent, yes that would be ideal, but what are the chances that it will push higher? It’s nothing but a commercial bank that is in absolute shambles with the financial crisis.
Better Play, but I don’t like the chances that it will occur.
They have a 400 million cap with 1b in assets and pathetic earnings. I just don’t see it.
Is anyone else’s TOS charting all messed up and painfully slow? (Desktop software)
looks like another shot at the high: FRBK
meanwhile WM dipped from open and went to a double top with fading volume. just trying to make sense of this afternoon fade on a high volume stock…
new post:
http://www.timothysykes.com/20.....-inc-myec/
CONTEST TIME:
http://www.timothysykes.com/20.....ing-price/
I still think SLAT is a good short here. They make no money and have over 200million market cap. their technology is not earth shattering if it was it wouldnt be sold to them for cheap.
michael, thats just about the worst reasoning i’ve ever heard….take a look at $700mil MXFD and lets see if u wisen up or if u need my DVD to do it for u