Boo Hoo, It’s Been 6 Days Since I Traded, Here’s My Response:
Posted by timothysykes on Thu 7th of Aug, 2008 12:18:23 PM
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So it’s been exactly SIX trading days since I’ve traded any stock and you gotta multiply that number by about 100 to get to the number of emails and comments on this blog I’ve received from people questioning why I’ve stopped trading.
Guys, my ideal plays do not come about every day. I rely on spammers to do their usual pumping, suckers to be their usual gullible selves and the whole mechanism behind this gutter of the stock market–that being internet message boards, email, fax and hard copy spam, chat rooms, deceptive press releases, soulless stock promoters–all to play their part in this grand musical I call Pennystocking. Only then do I strike as my odds are not 40/60 or 50/50 (like most traders), but 80/20 and sometimes even 90/10.
If those of you commenting weren’t so lazy, you’d have read my 800+ blog posts by now and you’d understand this concept better. If those of you commenting weren’t so cheap, you’d have sucked up the $300 eduction fee and bought my PennyStocking DVD by now and you’d understand this concept better.
But the market has spoiled you the past few months. I have spoiled you.
Posted on the front page of the TIMalerts-subscribers-only-website, you’ve seen my rather impressive TIMalert track record below–average gain per alert of 20% within 1-2 days and all the testimonials (which make ALL other investment newsletters pale in comparison) and you think you’ve been given the secret to making money in the stock market for $30/month (nope, just a way to make high probable trades when the right variables align):
Profit on the day, and made another $566 on the same stock yesterday. Thanks Tim!
- Oracle of NYC
Just on time to short TGC. Shorted just over the top after the sell spike @ 3.64 (11:30AM) 1500 shares. Scaled out in 500 shares blocks. Profit 357!!
- Paul
CNEH… bought at 4.98 and sold at 5.40. Made about $630! Thanks TIM!
- Mitil
Bought 1000 CNEH this morning at 4.80 and sold 7 min later at 5. Thanks for the quick $200 Tim! Gotta go to work now!
- Dave Roberts
Now at 5.11. Impressive. I’ve mostly just been watching and getting a feel for your trading, but I am now 2 for 2 in “coattailing” you with this long and HYHY short. Moving some money around to get a bigger stack in TOS, so then i will start taking larger positions soon. Good call on this one Tim.
- PCola
Boy whatta great day for buying….. with my sucess of HYHY that put me up $300 because of the wonderful TIMalerts! During the afternoon i’d become lazy, watchin a few stocks, mainly giving up until i checked my mail and saw Tims email about TGC, im not big on oil and gas play but ahhh wat the hell. I got in TGC at $1.75 buying 1000 shares.. im holding till the morning, hopefully this gets pumped some more…. THANKS TO TIM ALERTS I’M UP $400! THANKS TIM!!!
- Andy (who later sold TGC above $2 for another $300 profit)
Just one day into TIMalerts, my $350 gains from shorting and covering STXX today paid for an entire year of TIMalerts and like Tim I even screwed up my trade! I started with about 4300 and that is now 9K and that really has happened in about 3 months. Not Tony Ellis or Jeff Moates money, but for a 21 y/o its not bad. I’m even getting a job on top of school to help me get to 25K quicker so we can really profit freely.
- Davey
I am currently deployed to Baghdad, Iraq so I don’t have the time nor the experience to screen for these stocks like I would like to, I am truly grateful for your PICKS already covered STXX for 1.30 a share! and I subscribed for your service yesterday Thank you. You are an outstanding trading coach! Keep the great picks coming!
- gburleson1
I just pulled a Sykes–HYGS started to move while I was on the phone with a reporter (for the Indianapolis Business Journal, of all places), so my entry and exit were horrible, but I shorted 5k HYGS @ $2.25 and then bought back at $2.08. Total profit after commission of $810.
- Reaper
“I wanted to share my HYHY trade with you. First off THANK YOU for you post and heads up!! Brief summary: put in ask right at opening for 2800 shares @ 2.38 went to a meeting (work full time), checked back at lunch saw the stock loosing momentum got out @ 2.64!!!!!!! $671.95 profit (10.04% before taxes of course)!!!!! Obviously I will be ordering Pennystocking.”
- Steve
“I’m up 1200 so far on ERII. Great pick!”
- bestdeception
“Made 200 dollar on ERII :)”
- marketgirl
“$500 profit on ERII…thx tim alert. I’m up $1400 in my first 2 days of tim alerts”
- Jonescade
“Tim, thanks for the ERII….made about $800, easily could have been $1200″
- Aaron
“Hurrrrraaayyyyy, I bought TIMAlerts yesterday for $29.95. I made $326 this morning on ERII”
- Ron
“Made 250$ on ERII. Thanks to TimAlerts… was tentative and opened 200 shares… still it worked!”
- Seattle Guy
“I had only 500 shares, banked total $1035 from ERII (after comm. & fees).”
- Ryan
“Thanks TIM for the quick $600 on IDAE!”
- Kevin
“Tim, you are the best! I bought IDAE in the worst time yesterday… sold in a bad timing today but still made $540 from 6,000 shares. Bben in peterleeds.com, been in portfolio crafter, made a little money from their picks but not close to what i make from tim alerts! Thank you”
- Gill
“$210 gain on IDAE long in my IRA account”
- Barrett
“Thanks to Tim & TIMAlerts, I made $500+ on IDAE this week alone not to mention some smaller gains on other TIMAlerts.”
- Brickhouse
“Tim . . got out of IDAE. . . made $247 profit. .. thanks for the pick!”
- Deuce
“I made about $220 on IDAE after fees and commissions… I’ll take it any day.”
- Oracle of NYC
“I just sold my 5K shares at 2.44 and 2.45…Tim, for your records I pulled in $777 before commission.”
- PCola
“I just sold at 6.90 for a net gain of $180 which more than covered the cost of this first month of alerts. The trade can also be verified on Covestor (AdamN)”
- Adam
“New to the TIMalerts but similar success! Got in MNLU at 6.70 yesterday and got out during today’s final rush at 7.10. Subscription is paid off with a little gravy on the side! Profit of $298. Thanks Tim!”
- Steven
“$337 profit after commissions”
- Reaper
“Mistimed ZYXI also. Still made profit of $210 after commissions”
- Kusumo
“I got scared and got out. +$53 woohoo lunch money!”
- Reaper
“I am out of MKTY, $100 profit”
- BTB
“Made $652 on MKTY after commissions. Sold my 700 shares at $4.15, a 0.96 or 18% profit. Perfect call Tim!”
- AdamN
“Out of MKTY for a total profit of $720.”
- getshorty
“Sold short @ $5.10. Bought em back @ $4.49 = Profit of $599 after fees/commish…TimAlerts is hot this week my friends…”
- PD
“Made $300ish on MKTY on 900 shares Short @5ish covered at 4.67ish.”
- Davey
“Shorted 200 shares of MKTY at 4.97, covered at 4.70. Even with a slow trigger finger I made an easy $55 on this perfect morning TimAlert watchlist setup…TimAlert subscription paid for on my second trade.”
- YoungGunz
“Out of the position now and profited $295 after commissions. Thanks Tim.”
- Kusumo
“Total profit from USS today and yesterday: $9543.74. Total net profit from USS (after netting out Monday’s accidental trade): $7367.49″
- Reaper
“Tim, my entry was $3.89 not ideal - @2k shares - money wise $2,560 after commission”
- lmsmith
“ut of USS as well… holy crap that was amazing, thank you Tim!! Total gain of $637 after commissions on a $1500 account!!!!!”
- Mike
“…picked up a cool $1490!! Thank you Tim!!”
- Aaron
“Nice job Tim. Profit today of $961 after commissions.”
- kusumo
“Got in late to USS but took 1000 shares from 3.80 to 3.30 for a quick $500 ride. Thanks Tim!”
- adair
“I am sure I left money on the table, but I am good with making $721.92 for the day. Thank you. YOu are a Great American.”
- gburleson1
“Banked it at 3.68. for a nice profit of $290 in about 45mins.”
- YG
Posted HERE, you’ve read that those same alerts gained an average of 35% if you just held onto them a few days longer…
Posted HERE, you’ve seen how much $ you can save if you purchase a TIMalerts annual subscription together with the PennyStocking DVD package (which comes with autographed An American Hedge Fund Book & 220-page instruction manual) (you can buy that combo deal HERE)
Posted HERE, you’ve seen by how much my returns are dominating everyone else on Covestor (getting dominated by a part-time trader with horrific timing who spends most of his time blogging/emailing?!?!?!….this joke of an industry is pathetic! Is there no one else? Is there no one else?)
Well, I’d love to keep spoiling you, but the fact is there aren’t any truly great plays right now. It happens every now and then. You have to deal with it. I’m not gonna trade/alert just for the sake of trading/alerting–that’s what 90% of this joke of an industry does and that’s why all of those people lose…regularly.
You cannot be angry nor you should not whine to me. I am not a spammer nor a promoter, I don’t control these pump and dumps, I have to wait for them to present themselves and only then will I strike.
So, go complain to your local spammer or promoters–especially those of you in Vancouver–and tell him how important this issue is to you. Make him understand that he needs to do his job better.
Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!
Other Websites Referencing This Post
- | TIM - Timothy Sykes
- Why I Bought Turnaround Play Noble International, Ltd. (NOBL) at $5 | TIM - Timothy Sykes
- Pallian Creative » Blog Archive » Pallian Trades!
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Dude, you’re a smart trader. It’s a unique strategy indeed to have 90/10 success rate. And you have the patience to wait until all the variables align. Good maxim for traders: know when to hold and know when to fold. Trading is a whole lot like playing poker.
Tim, serious question: do you think (be honest) that your recent winning streak has anything to do with your pumping these stocks. Even though it’s not your intent, you are, in effect, pumping them.
yup, but maggots like Cramer make these people think the more u play, the better your chances of winning, this isn’t the fucken lotto!
who knows, i shorted USS, covered for a q uick gain, stock dropped 47% in 2 days…i just call the patterns like i see em and try to profit from the price action
Yeah, and the big problem with Cramer and the like is that they never talk about risk management or risk/reward ratios. And obviously, if you have a trading strategy with a sucess rate that is 50/50, the risk/reward ratio is the most critical part of the strategy. These guys like Cramer tell you to buy a stock but I don’t think they mention the stop/target prices, which is the first thing you should be doing when you trade their stocks.
I visit this site more than any other finance site. I can’t even remember the last time I read an article on Yahoo! Finance.
I was thinking the same thing Alex. If I send out an e-mail to 300+ people to short a stock that trades 500,000 shares, and everyone decides to short at the same time–just after I send my e-mail and enter my position, of course the stock will go lower! That’s really a no brainer.
But no doubt, the pattern would probably act the same way regardless of the TIMAlert or not.
damn…people are always just so lazy….do your own homework and stop bothering Tim….people have paid for their Timalerts already with all of those picks.
I was going to open a Scottrade account just to get to use the Mike 13th highs of the day list, but it looks as they don’t open account for Canadians (require a US Address). Does anybody knows of another broker that creates a rolling list with the making the high of the day?
I really need to open up an account with a broker who loans shares on these penny stocks. Right now I can only play the long side, which is not nearly as high probability of success. These pumped stocks rarely have nice clean breakouts - it’s usually just gradual creeping-up gains (and on any given day, who knows whether it will continue to go up the next day or take the big plummet).
So is everyone now fighting for the shares from TOS? Or maybe they know about Tim’s blog and borrow more shares of Tim’s stocks in play to meet the demand? Does anyone use Zecco? I’ve thought about getting an account with them. No commission would be nice for penny stocks.
getshorty - that sounds pretty cool…I’d like to see what the streaming HOD list looks like…maybe you can subcribe to it even if you don’t have scottrade acct
Of course, you can always just create a big watchlist of stocks in play, then look for the ones going from red to green…that’s what I tend to do
VNDA is creeping up today…one of these days I think it’ll pop to 1.50
Right on, Tim. People with small accounts need to learn to trade LESS. My best month was last month, and I nearly cut my monthly trades in half that month. I haven’t made a single trade since Monday.
Marcel Link talks about trading less in his “High Probability” book.
Small account holders: It pays to be picky!
Getshorty, I have scottrade but not aware of what you are talking about.
Quality not quantity
I don’t trade every day either. I don’t even look at my portfolio for days sometimes depending on what i’m invested in. There’s a reason you set targets so you don’t have to watch things like a hawk.
Right on Tim! I agree with you. I joined Timalerts and ordered the DVD just as you traded USS. Since then my TOS account was opened and now fully funded. I could’ve traded the last 5 days or so but I never wondered why you didn’t send out any picks nor why you didn’t trade. Like you I’d rather go slow and have a greater percentage of success.
Tim will you be trading/blogging from Japan as well? Sorry if this has been asked before.
Overtrading in the begining traders biggest mistake.I am a subscriber and I haven’t used any of your ideas yet.I’m not in a big hurry.
I have been using your trading model so to speak,to short lousy pos stocks and I’m making money.
As the market sinks lower there will be a bigger chance of pump and dumb supernovas out there,then I’ll clean up.
There is no rush,unless you like to lose money.
of course, i’ll never stop trading, japan should be interesting, i’ve done it once before, i’ll do it again!
THANK YOU FOR NOT TRADING TIM. I LOST $1K THIS PAST WEEK TRYING TO PLAY FINANCIALS INSTEAD OF WAITING FOR PERFECT SETUPS LIKE YOU ALWAYS TELL US IN YOUR ALERTS. TRIED TO BE FANCY. YOU ARE RIGHT. YOUR STRATEGY IS RIGHT. KEEP STICKING TO YOUR GUNS BY NOT TRADING JUST TO TRADE. THAT’S WHEN YOU LOSE.
Riding MNKD train south
>Riding MNKD train south
Make it rain getshorty
Still short on REV
had 1200 shares shorted at 3.81 and 500 at 3.68 covered 1100 around 3.38 on average. still short 600 shares. would look at the close closely.
Wall Street tumbled Thursday after weekly unemployment claims jumped to a six-year high and Wal-Mart Stores Inc. and other retailers reported disappointing sales, touching off renewed fears that a pullback in consumer spending will damage the economy.
New York made Citigroup eat some of their own shit today to the tune of 7 billion.
AIG reports a loss of 5.5 billion for the quarter.
Worst economic period since the great depression and the markets were up 1000 points in July. BWHAHAHA. Only temporary. Can’t keep an engine running on invisible fuel. Spikes in the market have been artificially propped with fake bailouts and fantastic speeches that bottom is in.
Corruption has killed the great U.S.A. I have a red, white, and blue flag tattooed on my balls and am sad to see this desruction of our great nation take place by greedy sons of bitches.
Tommy, are you applying for a commentator position at CNBC and are makingthis posts to refer on your resume? Other wise I don’t get what your postings had to do with penny stocking day trading. (which is the purpose of this blog)
And, haven’t you noticed that no one cares about what you say on here anyway?
Will sleep this night being 600 shares short of MNKD and 500 shares long of NOBL at an avg of 5.30 (NOBL was brought to you by ….. Tim Alerts).
Power Etrade Pro has a hi/lo streamer
Yeah, every time I see “TommyTim” my brain seems to interpret it as “scroll down until post is done”.
Wow when the market is up Chicken Little…I mean TommyTim is a no show with his commentator coverage of the market. All of a sudden when the market is down again he’s back.
TommyTim you may as well just keep your posts to the point and just say “THE SKY IS FALLING! THE SKY IS FALLING!” It would save so much time for everyone.
new post:
http://www.timothysykes.com/ti.....ght-today/
I don’t get the part about Vancouver, can anyone explain this to me?
I live there.
Is he trying to say there’s a lot of spammers in Van? Vancouver Canada, or in Oregon?
TIM, on the days you don’t trade penny stocks, how come you don’t dabble in some index futures? TIM, with 24k you could trade 6 contracts of mini dow (YM) and it’s not too hard to catch 50-100 pts per day, which comes to 1500-3000$ gain.
6-12% per day sounds good to me, plus you already know how to trade so you could make another million pretty easily! Think about it!
Keep up the trading bro.
Dude perfect hit!
6 day breather of air and WHAM you smashed the 100% barrier with one trade. skills man.