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SS7: Fun Business Class Perks, Why Prop Firms Are Scams & Bernard Baruch Quotes!

Posted by timothysykes on Sat 5th of Jul, 2008 10:57:36 AM
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Thank you to my wonderful sponsors—we have a new one in town Options University!

SpeedTrader (yes, you can short OTCBBs and Pink Sheets)

GFT Forex

Thinkorswim

INO.com

Now this is an interesting add-on for business class passengers!

The Globe tries to cheer investors up by saying even Buffett is down big this year…awwww, poor you!

You friggin morons, just learn Short Selling and you’ll be fine, nay, better than fine…I’m up 41.5% this year and a.) I’m trading part-time b.) have made plenty of mistakes and c.) suck at timing! You whining lil bitches need to learn shorting and PennyStocking!

AR has a list of “serious” finance links…reading any just makes me sick/bored/tired/annoyed, so you tell me if they’re any good, I friggin hate all this BS analysis/guesswork

MC has a great short post with tidbits from ES “how much money would you need to stop trading?”

Yes, it’s true, most prop firms are scams…after all, 90% of traders lose!

Baruch quotes, learn you lil hyenas, learn damn you! His book is REQUIRED READING

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Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!

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10 Responses

  1. 1
    YngvaiMalmsteve - July 5th, 2008 at 11:58 am

    Check out the new TOS software. It now tells you how many day trades you have available.

    So, when you start running out of day trades, stick with buying breakouts/shorting breakdowns into the close to conserve them

    Kind of sucks as I was able to do more than 3 per week with TOS before. Looks like I can’t do that anymore.

  2. 2
    theking0489 - July 5th, 2008 at 12:00 pm

    I think I have made more this week short selling than 6 months of taking picks from Smartmoney, Fortune, and JIM CRAMER!

    Also it’s been less work because of TIM ALERTS!

    Thanks Tim.

  3. 3
    Fantom - July 5th, 2008 at 1:19 pm

    Great articles Tim.

    I’ve got one for you guys.

    Visa
    http://clubconspiracy.com/foru.....-6085.html

  4. 4
    cibola - July 5th, 2008 at 2:25 pm

    tim, if you ever come speak in Austin, tx I’ll give you a tour of the trading firm I’m with. Not all prop firms are shady just like not all pennystockers are evil.

  5. 5
    Andy Dearden - July 5th, 2008 at 2:53 pm

    tim wats up with TOS? they are cracking down now on day trades… please help!

  6. 6
    timothysykes - July 5th, 2008 at 3:00 pm

    its good for u, u’re trading too much anyway, ideal plays come about rarely

  7. 7
    timothysykes - July 5th, 2008 at 3:33 pm
  8. 8
    Johnathan - July 5th, 2008 at 4:31 pm

    here’s a link you might be interested in.

    http://cody.blogs.foxbusiness......n-my-face/

  9. 9
    vo - July 6th, 2008 at 5:49 pm

    Fantom: WTH on the Visa thing?

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  1. | TIM - Timothy Sykes

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Who Is Timothy Sykes And Why Should I Care?

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 $33,956 even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes.

How Can I Consistently Make Money In The Stock Market?

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).

Why Penny Stocks?

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.

Where Do You Find Stocks To Trade?

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)!

TIM Trades

View All
Date Stock Buy Sell Net
Dec 1 TWB $3.56 $4.20 $435
Nov 25 SRI $3.76 $4.45 $1683
Nov 24 KVHI $3.71 $4.28 $830
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

Total: $38,802 (212%)

TIM Alerts

View All
Date Stock Position Ideal Exit % Gain
Nov 24 KVHI Short $3.70 18%
Nov 20 STSX Short $3.10 11%
Nov 18 PERY Short $3.75 25%
Nov 11 IIJI Short $2.80 5%
Nov 6 CVI Short $4 15%
Nov 5 MECA Short $1.95 51%
Nov 4 CVI Short $4.81 4%
Nov 3 NAK Short $3.20 5%
Oct 29 EVC Short $2 26%
Oct 28 HSNI Short $6.80 7%
Oct 28 HSNI Short $5.75 4%

November: 9 alerts, 15% avg gain

October: 11 alerts, 14% avg gain