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Successful Traders Are Made, Not Born, Patience Is Needed

Posted by Timothy Sykes on Tue 18th of Dec, 2007 05:04:46 PM
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November 18th Overview/Potential Plays

See my take on (NYSE: LDK) on AOL today, potential for a further short squeeze, but I’m not buying until it proves itself, probly will move too quickly on earnings tomorrow either way.

(Nasdaq: CSIQ) – massive afternoon run up, buyout rumors, breakout,

whatever, too risky to go long overnight, suicidal to go short

(Nasdaq: RIGL) – nice downtrending, secondary offering at $8 LOL Had the chance to short before the market close, but it’s too risky for a quick bounce now that it’s 50% off its highs. Really screwed this on up, obla di obla da, life goes on.

(Nasdaq: FRPT) – down to $4 in after hours, maybe on less contract wins than expected, solid cash position, international orders probable, won’t touch it though because you get mutilated trying to catch falling knives

(OTC BB: CACN.OB) – nice close, why’d I get scared out? Nobody will ever know.

(Nasdaq: VSGN) – one to watch, c’mon strength, get up there so I can short ya!

No positions, no great setups, so I’m happy 100% cash. Sorry if you’ve emailed and I haven’t replied yet, I’m too popular, so I’m waaaay behind

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Start Here

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 26 CPY $3.33 $3.31 $70
Dec 22 HSNI $5.32 $5.39 $120
Dec 18 RVI $3.07 $2.90 $737
Dec 17 TKTM $6.23 $6.08 $333
Dec 16 CPD $5.15 $5.31 $444

Total: $42,656 (243%)

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