I Have The Dark Gift: Why I’m Better At Shorting Than Buying

Posted by timothysykes on Wed 13th of Feb, 2008 07:05:26 PM

Tags:

After posting some potential plays and declaring I’d play none of them because of all media/speaking (the stuff that actually helps pay the bills while TIM is soooo tiny…for now) I’ve got to do, two plays acted nicely, so I couldn’t help but jump in.

First up, I shorted 1,000 shares of Spacehab (SPAB) at $2.10. I had looked to enter around $1.80, but wisely did not as it spiked above $2, squeezing several early short sellers.

TIM Lesson: Never short into a stock just because you think it’ll go lower, wait for the price action to give you the best possible entry.

It’s risky to short into afternoon bounces—especially when you know you’ll be away from your computer the next morning—but since this company is such a total POS, I felt right in my entry and would be willing to average up tomorrow or the next day. The stock held up stronger than I expected, so I became slightly worried and the list of chores I had to do piled up in my head—there was no way I was gonna hold this sucker overnight and risk a 30-60 cent spike that I wouldn’t even be around to short or cover into.

When the price dropped 10 cents, I said screw it, decent gain, I’m out, covering all my shares at $1.99, profiting by $100ish. Sure, it dropped another 20 cents over the next hour, but I got a lot of work done in that hour and this goes to show you that shorting into smallcaps spikes, while scary, is a solid strategy, especially when the volume begins to fade. After all, there’s lots of bitter shareholders who drank the Kool Aid at higher prices and look to get out on any bounce. I was off on my entry by 5 cents and my exit by 20 cents, so this trade—in the hands of a better trader than me—would yield 35 cents/share, or 15%. Not bad for an hour’s work.

spab I Have The Dark Gift: Why Im Better At Shorting Than Buying

What I did right: shorted into an over-extended smallcap spike that was on the 2nd day of its runup, ignored the sugarcoated hype about a possible NASA contract

What I did wrong: shorted and covered too early, traded while I knew I’d be limited in being able to watch/trade the stock the next day

Lessons: Never trade when you have time restrictions—it influences your outlook considerably. Once in a trade that is your bread and butter, relax, experience teaches you the odds are on your side. Always look to short on the 2nd, 3rd or 4th day of a smallcap spiker with a strongly bearish chart—should wait for sideways action first though

How I celebrated: worked on my Trader’s Expo speech

Near the market close, I also saw Converted Organics (COIN) breaking past the $10.50-$10.70 level it’d previously tried to breakout of no less than 5 times over the past few days. I’d missed the runup from $10.40 to $10.90 (working on my speech, not looking to trade), but I figured if it held the multi-day breakout, it’d be good for an early morning gap higher past $11 and maybe more. Eerily similar to my failed CTIB trade, but I bought right before the market close, buying 300 shares at $10.77. I figured there was little risk of losing more than 10-20 cents/share (considering I’m not leaving until 8:30am tomorrow morning and that 30 minutes of pre-market trading is more than enough time for it to gap and spike or do nothing).

The stock closed right near my purchase price and within a few minutes after-hours, it was up 10 cents. Things looked good, but then all of a sudden, the price dropped to $10.30, then $10!?!?! No news on the wires, WTF? Within minutes, the message boards began posting the SEC filing that said shareholders were offering 750,000 shares for sale. No matter if this would be slightly or big-time negative, it would certainly prevent the stock from breaking out, aka the only reason I bought in. Screw that, I needed to get out ASAP. Tried to sell my 300 shares at $10, but missed that buyer by a split second and had to settle for $9.92.

coin2 I Have The Dark Gift: Why Im Better At Shorting Than Buying

coin I Have The Dark Gift: Why Im Better At Shorting Than Buying

Nasty $265 loss, but I’d do it again because negative overnight news isn’t as predictable as a chart breakout. Yup, you read that correctly, since my trade was based on solid price action, the odds were on my side and 6-8 times out of 10, I would’ve won. Losses are tough to accept—well, not for me anymore, I feel nothing, for better or worse—but I got out nearly immediately because my thesis was busted. Exit looks good as the stock is now $9.50—who knows if it’ll bounce or not, highly, highly doubtful it’ll get back to $10.75, so it’s a busted breakout and lower single digits look likely (although not high enough probability to short here either)

What I did right: Bought into a multi-day breakout, took a small position considering smallcap breakouts (YTEC, SOLF, CTIB) haven’t been doing well lately, cut my losses quickly

What I did wrong: I’m filming tomorrow morning, I shouldn’t be in any trades (moron!), didn’t wait for a new all-time high to buy (which the after-hours news would’ve crushed anyway), procrastinated, wanting $10.10 or $10.20 instead of $10—costing me an extra $25 in losses

Lessons: Don’t trade when you have time restrictions!!!!! After my last 5 trades—all non-Supernovas—TIM is right back to where I was after IDMI (my last Supernova-esque trade)—what does this tell everyone? Exactly, this is why it’s critical I have more patience and wait for those beautiful babies to show present themselves, rare as they might be.

How I celebrated: wrote this post

Spread This Post:

TIMstore Monthly DVD Specials:

See all TIM DVD specials HERE

Related Reading

After The Morning Rain Comes The Afternoon Sunshine February 26, 2008
Timothy Sykes Is Sssssssso Ssssssstupid! February 27, 2008
Shorting Into Penny Stock Manipulation Works Wonders But The SEC Still Owes Me $500 May 5, 2008

Joey

Tim, just FYI, that COIN news was old: http://biz.yahoo.com/e/080129/coin8-k.html
But to be honest, I didn't notice it either :)

timsykes

I don't care if COIN news was fake and put out by a short seller--it influenced the price so I reacted. This is the main problem traders have, they form opinions and attachments. I think COIN is a total POS, but it doesn't influence my trading at all. I don't care, I buy on breakouts and short sell breakdowns, the more perfect the pattern, the greater position I have.

Eric T

ACLS looks like a breakout. What direction would you guys go for this one?

timsykes

ACLS waaaay too much resistance all over the place to the upside, try to fins stocks making new highs like VSCI

sonid

Tim, it seems like for you as well as myself it is tough to stay away and not trade. But the supernova patterns are what made you a millionaire in the first place, so I'm going to try and follow that advice and be patient.

RichJr

Tim, I do the same thing time and time again. There is a very specific situation, feeling, sense, occurence, allignment of the planets, etc...when you KNOW KNOW KNOW that a trade is going to make you money. Nothing like that feeling..you just know its right. Those are the rare trades that build an account up over and over. It's the every day need to and/or want to trades that tear an account apart. You know those rare beauties aren't even really that rare are they??? Get at least one a week don't we??@@!!

Rich

Tony Ellis

What do you think of NCEN? It's a developmental wind and hydro power play.

timsykes

NCEN, probable fraud, getting pumped by several newsletters, scary to buy

Alvari40

GM all.

Time to watch the $7 level for DNDN. News popping it today and a 42% short interest in the stock. The short squeeze could be mammouth depending on how seriously everyone takes the news.

Mark

Tim, funny all three of those came up on my screens and I have been in and out of them. I saw VLNC this morning - looks like it may be breaking down. What do you think?

Stan

so I shorted UBS at 3pm yesterday because earnings would blow today. I did the same with C and MER and got a nice 5% doing jack shit. My concern is if i should let it wait throughout the day or just take a 5-6% hit at market open and be happy with it. Im siding with the latter because the market is poised for an up day.

Stan

- meaning i did the same with C and MER in Jan shorting before their day of their earnings and covering the day of earnings.

Stan

I put all my eggs in one basket
shorted UBS @ 37.05
covered @ 34.73

easiest money i ever made (5-6%) profit gain :-)
figures its down to the 34.50s though. oh well good enough

Tony Ellis

What do you think of ICO? It was able to break $7. I will buy if it can show strength into the close. POS company but coal is hot!

steve

Tim, do you still think COIN is a possible breakout now that it recovered?

Also, what do you think of YGE? Possible gap up tonight with earnings coming tomorrow?

Al

IDMI is 28% today. I can't find any news. Anyone have any ideas. Could be a nice short ?

Al

IDMI broke resistance in the 2.50 range next resistance is 2.75..

tim am I reading these charts correctly?

steve

does that mean pos breakout or good short

Al

Steve,

I very new at this. The way I see it is a breakout @2.50 to 2.80 which is now resistance. If it breaks
2.80 next resistance is about 3.00. As for your question I think it has to go through support which is
now 2.50 to become a short you could relax with.

Tim,
Can you confirm this or am I way off.

steve

2.90 now. wheres tim we need him

timsykes

in the middle of filming my CBS News interview, no time to check the charts, what am i missing?

Al

Tim,
We need a Tim lesson on IDMI .. see last few posts.

KS

No need for Tim. If you can find shares short IDMI and short it hard.

Al

I can't find any either.

Brian D

I'm not touching IDMI until $2.70 if I can get anything it's really testing $2.80 if it can break through either of these it could go down for a while, guess we will have to wait and see.

timsykes

IDMI does not look liek a short here, yes it could go down, but where to---support at $2.40. Just as likely to squeeze early shorts to $3.20 and maybe more. bad risk-reward. wait for signs of fading first, right now i just see higher intraday bottoms...remember the best opportunities come about when others are panicking...hope to be back before the close...wait til u guys see this interview sunday morning between 9 and 10:30am, its awesome

Davey

Timmy,

Congrats on the interview on the cbs sunday morning show that's a big deal. It's also a pretty good show, I try to catch it if I wake up early enough. What's the premise of the interview?

timsykes

really gotta learn to take my own advice, shorted 1k IDMI at 2.91, another 1k at 3.23, average of 3.07--no matter what happens this is a bad trade, didn't wait for signs of cracking, too hungry for profits, the overall market tanking might save me but learn what not to do!

timsykes

covered 3/4 of my position for a 12 cent loss, not too bad, stupid, stupid trade though

Al

Just shorted 200 EYE @23.04

ERIC

Tim...thinking of switching over to TOS. I know you really believe in them and thats great! Have you ever had any problems finding shares to short with TOS? IDMI was impossible to find shares for me to short. PS...I'll mention you as a referral when i do switch!

NeilTheRealDeal

Should wait closer to the close to short EYE. I'm also thinking about shorting AMKR. I don't know what I'm doing but would those be considered good stocks to short?

timsykes

why short EYE or AMKR--both charts look verrrrry bullish

Al

I guess so. s#$&

tsa

With Sterling software I succeed to short 1000s of IDMI at 3.33 four minutes ago

timsykes

Goog thing I held onto 1/4 my position, covered it for a 17 cent gain, wiping away most of the losses

NeilTheRealDeal

Like I said in my post I don't know what I'm doing. I was looking at the 6 month chart and they looked bearish and ready to bounce back down. Should I only be looking at the 1 month, 1 week, the day?

Al

Should of waited for EYE to drop through 23.00 before shorting.

timsykes

reshorted 1,200 at 3.02, gonna hold overnight...can u say addicttttt

Neil

XIDE
anyone think it;s going to continue down to the 9's?

Eric T

Damn guys! How do you find big moving micro stocks like IDMI!? I wish I could have rode on that wave for a bit. sigh

Al

EYE - I shorted EYE because it is up 10% on the following news.

Advanced Medical Optics said its fourth-quarter loss widened to $12.3 million, or 20 cents a share
Analysts expected earnings of 39 cents a share on revenue of $313 million.
The company cut its view of 2008 performance as the deteriorating U.S. economy will negatively impact domestic LASIK procedure volumes
It also plans to cut approximately 150 positions, or about 4% of the company's global workforce, in a bid to save $10 million to $12 million a year; it will take $25 million to $30 million in charges on the job-cut plan.

tsa

I cover too early my position. I will see tomorrow if I want to short again IDMI even if it should open in gap down in my opinion.

timsykes

never ever short earnings plays--everyone has different expectations. look at bidu, common sense would tell u it should get crushed after guiding lower and being priced so highly. expectations...expectations...and those arent in any PRs, they're just reflected in price action

Al

Tim,
I guess I have to watch the DVD again.

Well I have EYE in my account over night.

timsykes

i have to watch my DVD too, godamn i'm undisciplined!

as for EYE, why in the world would u short it? just broke out today (1st big up day) of a nice multi-day, multi-month base on strong volume and earnings. the DVD preaches only shorting stocks without news, that are up exponentially over the past few days and are rolling over

Stan

i understand your reasoning, but i think this is a typical exception. it has been a way too predictable trend when these financial corporations post their earnings and officially announce 10+ billions in write downs. its an easy 5 - 8%. i would have done it in no other instance but these. for the last 2 quarters C, MER, UBS, and maybe BSC and others have followed this to a tee. too bad thought because after these two past quarters it probably wont happen again and become the typical earnings guessing game you mention.

Al

Tim,

I was just looking at todays news and stock action. Dumb huh

Jay

How did you short SPAB, no broker I know of lets me short anything under $5....Thanks

non

lol. comedy hour on timothysykes.com

timsykes

For the not so last time, Thinkorswim lets you short down to who knows how low--thought it was $3 limit, but they've let me short anything and I'm not complaining. Brokers like Scottrade suck, if you wanna play the PennyStocking game, you gotta switch

steve

Tim YGE tomorrow morning 8AM earnings. You expecting a pop like FSLR?

James W

The best Valentine's Day gift set ever just arrived today. The one and only PennyStocking DVD set, 220-page manual, autographed copy of "An American Hedge Fund" (thanks Tim), and a dozen roses (thankfully not from Tim). Keep up the good work man!

timsykes

never play the earnings guessing game

hope u like the Pennystocking package, feel free to as me any questions whatsoever!

Alvari40

Both Tradestation and TDAmeritrade allow shorting the sub $1 stocks.

eric

Alvari40 whats up dude? Hey thanks for the info about tradestation and td. Right now I have eTrade and a dormant Scottrade account and its next to impossible to short stocks below $5. Tim, Ive learned that the shorting game is so addicting and I enjoy shorting more than buying! Thanks always!

Td

i used to use Scotrade elite-they cost me thousands!
they were always front running trades or they kept the trades in house(order never made it to the exchange)or trade against me if a large enough position-they mostly route thru NITE-subrosa relationship-not direct access! cannot select routing order-weird stop fills or sale issues limits-no trading 15 minutes after closing or befor opening-no shorting after hours-VERY VERY LIMITING COMPANY_THEY ARE SO WEALTHY OFF OF THEIR CROOKED WAYS THEY ARE OPENING THEIR OWN BANK!!!!!!!!!!!!!!!!!!!!!-cheap if one is an investor-death if you are a daytrader-NEVER NEVER NEVER USE SCOTTRADE-Cybertrader used to be what the wolves used to use until Schwab kicked the teeth out of a very capable platform-prolly was the best,lots of sad and used to be wealthy traders out there with a broken heart wishing for the good old days-research "SOES BANDITS"they took the market makers for a ride in the 90's institutions put and end to that -waiting for the next platform to give the little guy the edge-hidden till striking order placements /routing -kinda what users of INET get to use-----------
speaking of Timothy what software platform did you run when you were running Cilantro????
did you ever trade dark pools etc etc? what about cobra style order routing?
TO ALL NEWBIES READ THIS AND THINK LONG AND HARD ABOUT THE WORD BULLSHIP-Timothy is onto the crooks and so are a few savvy traders-unfair thing is the STOCKMARKET is supposed to be a place where a stock price is supposed to be based on supply and demand of a stock-darklpools and other methods used by C,GS,MER,UBS and countless other institutions unfairly move the market/individuals stocks unbeknownst to most retail traders reality-WE GOT TO GET A CLUE WE ARE GETTING PLAYED without knowing it-hopefully timothy will do a full disclosure on all the bulship-check out this article---
http://www.marketwatch.com/news/story/story.asp...
peace ot thanks Timmay

Td

here is a doozy of a company that supplies the pro's institutions with very sophisticated powerful platforms that read the market and can target retail be using contrarian methods to take money from retail investors-check out all the algorithmic routing strategies instinet offers-you can only get these platforms if you are a broker---
http://www.instinet.com/includes2/indexShow.jsp...

odds are very against us succeeding at trading!
but trade we will!

Stan

one reason i "advertised" my trade today.. i am an intern at UBS (im still in college) ... therefore as an intern im free to trade as i wish since im not a paid employee... and i think it was hilarious to short a stock for a company i work for. ive been planning this since i started investing and i am ecstatic! yea fuck the big corps. why is my internship unpaid while the company is the leading wealth managers in the world? i want to start my own hedge fund someday while still in my 20s just like tim did. and ill share the wealth for all my friends!

ps- now taking applications for my headquarters in south beach (now wouldnt that be awesome)!

Alvari40

Eric,

Not much. Just trying to find consistency. Made nice coin on NYNY, lost nice coin on NYNY, made nice coin on fslr, etc. Direction of market is so key with these daytrades. I think I will integrate movement of futures into my gameplan - Tradestation has real time futures. Laid low yesterday while waiting for futures to test morning lows. Once they were broken, I traded only from short side - worked out nice. So, I am looking at (1) waiting for first move and rebounds, (2) a restest of lows/highs, and (3) go with short trades if the lows are broken on retest, long if the lows hold (opposite for highs). Just trying to fine tune the gameplan.

Alvari40

Stan,

Lay low, pay your dues, and lose the anger for successful companies. WTF have you given anyone (still in college) to have the attitude you do. Just because you can? Lighten up and spend a few years learning the business. I started with an unpaid internship in the late 80's in my profession before I graduated (similar to you). Worked 10 years learning the business/players, moved to a Managerial position with a consultant (2 years), ran my own company with 35 employees (7 years), sold my interest. Started on the bottom rung, stayed patient, and now am comfortably trading full time - all before I am 45 years old. I say this not to blow smoke up everyones asses, I say it to convey the message that IT TAKES TIME, PATIENCE, PERSISTENCE, AND KNOWLEDGE. I think one of the attractions of TIM is that he is youngand seemingly successful. However, don't be sucked in by it. It may only make you more bitter 5 years from now.

eric

Alvari40 im learning so much from you guys here. Its extremely difficult to find a message board or blog with legitimate people on it. ive learned that trading successfully takes time, patience, knowledge, persistence, as well as discipline! Thanks always!

tsa

Everybody missed GRIN yesterday, I just discover it today, what a pattern!!!!!!!

Alvari40

Eric,

The one important thing you can learn from TIM (IMHO) is his honesty re: good/bad executions, and his convictions for his system. It is very clear from TIM's posts that his system doesn't work all the time, but that is the reality of trading. You need to learn how to lose - once you do that, then you can see it for what it is, cut it lose at the appropriate time, and focus on your winners. He also shows his inconsistencies in executing his own system - which is also reality. Yeah, he does blow smoke with his cds, book, and pumping brokers - that's all bullshit, but what do you want for free. He is a good guy and conveys useful information if you know where to look. Gotta see it for what it is. Need to do that with your trading as well. See it for what it is. I look at trading techniques as employees of my company. If they work out and are productive, I pay them more. If they are costing me money - fire them quickly! However, it takes time to see them for what they are, which means you need to make an investment in your "company". That means, money will be going out with no money coming in for a bit of time. BTW, www.ibankcoin.com is also very useful (and funny) w/ re: to trading banter. Look at "Fly's" blog on that site.

TIM - no offense meant by my comments. I enjoy your posts - I just like to say it like I see it (hopefully in a not too insulting way).

tsa

IDMI in pre market, around 100k shares already negociated, the best price was $3.25, so be careful in the opening a surge shall happen.

puma

anyone looking at SIRF or NYNY?

NYNY is already up 7% in pre-market and has steadily been going up in the past few days....

Evan

Well I stayed up most of the night looking for undervalued spec. plays and came up with AEND. It owns Havoc Energy Drink, is dirt cheap and crossing moving averages, and if this board all jumped in we could do havoc to the market cap. Invest responsibly (unlike me), and drink Havoc if it's available in your area:)

James W

I'm pretty sure this blog is not about Concept investing.

Alvari40

Evan,

Are you looking for it as a daytrade? If so, too illiquid.

puma

AEND looks decent for a short term hold

steve

AEND up 20% IDMI up 20%

Brian D

Practice what you preach on IDMI!!!!!!! I was hungry too but god damn I strictly didn't short on the fact that you saw the higher bottoms. IDMI could be a good short today I'm waiting a little bit on it, waiting for it break past the $3.30 - $3.25 range. Sucks I haven't been able to touch just about anything this was exam week, fuck that had to play it safe all week.

stesmi

Eat a dick

mike

TD, can we chat?
i've encounter numerous hedge fund manipulation in the market.
i know that they use very sophisticated systems and just rob most retail investors.
i actually took advantage of it and made money, but still i expose myself to enourmous risk every time i enter these heavily manipulated markets.

what do you know about their technologies?

we can chat at mikestreet5ter@yahoo.com

Alvari40

IDMI. Gonna establish a short position here (1/3 position).

Stan

good call brian, alvari. too bad i cant short under 5. whats your timetable on the short alvari? just a day trade for today?

Alvari40

Stan,

Yes - a daytrade. I only have 1/3 position now because this pig needs to show me that it can roll in the mudd. Otherwise, I take a smal, small loss. Risk reward is good with this one due to double top, no news, and my indicator showing me that it is overbought up to the 30 min timeframe, which is solid for a daytrade.

timothysykes

i'm short 1,200 IDMI at 3.43, definitely too early, but my schedule today is ridiculously busy so i got in a bit. either gonna take a 50 cent/share profit or get squeezed and add higher. all my trades on this one yesterday and i lost like $8, after commissions. what a joke, good thing this CBS Sunday Morning interview is about trading addiction, I definitely have one!

Alvari40

Tim,

Who did the interview?

Dave

ENEI for possible breakout

Dave

Looks like Morgan Stanley is buying into ENEI.

http://www.sec.gov/Archives/edgar/data/895421/0...

Davey

I thought you were short 1200 at 3.02

Alvari40

Adding to my IDMI short for 2/3 position (3,000 shares)

timsykes

I covered my 1,200 from 3.02 at 2.93 after hours last night cuz i had too much crap to do this morning. turned out to be the right decision. if you're not gonna wait for the proper price action, u gotta be quick.

Seth Doane I think was my interviewers name

timsykes

if u have plenty of time today (unlike me), IDMI is now exhibiting some nice sideways price action--if it cracks $3.30 to the downside, it's practically a guarnateed goner....but if it takes out $3.60 to the upper, it could have a nice Friday afternoon squeeze, no point in shorting or buying until those points

Davey

That was def. the right way to play it IDMI seems to have cooled off for the moment , and I just switched over to TOS, the software is amazing, and the service is great, thanks for tip.

Alvari40

Just added my final short position to IDMI. Feel free to run it up.

Alvari40

Covered 1/2 position at 3.10. Moved stop to break even(3.40) on remaining 1/2.

Alvari40

IDMI that is.

timsykes

covered my IDMI at 3.19, horrible timer as usual, but i'm happier that the stock acted PERFECTLY from 3.30 to 3.05ish within 10min...THAT WAS PREDICTABLE AND THAT'S WHAT I MEAN WHEN I LOOK FOR STOCKS CRACKING PERFECT SIDEWAYS PRICE ACTION

be-the-ball

couldn't find IDMI shares to short at TOS or AMTD. oh well, too tired to give it a go today anyway

timsykes

u gotta que up the TOS chat window and specifically request for them to call stock loan tot ry to borrow shares. u should never be too tired to profit!

Dave

Tim are you in ENEI?

Brian D

Covered half of mine as well at $3.10, and am still holding on to half. Part of me wanted to get in the last time it hit the $3.60 mark oh well.

timsykes

no time for another stock today, i know idmi thats it...

timsykes

back in short IDMI at 3.28, liking this slow volume sideways action under the 3.30 resistance. think it goes back to the days lows, maybe more

Alvari40

Still in the IDMI short with 1/2 position. Just trying to stay patient on this one.

timsykes

Out of IDMI, TIM new high $15,220, no like being short stocks that are still green on friday afternoons. odds are it goes below $3, but spike still possible. wish me congrats and get this posts' comments over 100 comments!!!

burky

Congratualtions TIM ...... 99.

burky

TIM really, congrats man ... on an all new high!!!

100!

James W

Gotta love burky's shamelessness ;)

eric

I'd b honored to be #101! Congrats Tim!

eric

damm too slow...102.

Mr. Happy

Wow, at least 4 daytrades in 2 days.. Naughy Naughty

timsykes

yeah try 6 day trades in 3 days...i'm not going national news this weekend talking about the dangers of profit adidction for nothing!

Neil

nice, tim. can't wait until you hit 25k!

Davey

So is this interview going to pro-trading or anti-trading. Congrats on the new high!

Td

hey tim divulge the secrets that hedge funds get to use powerful trading programs-how they work-how to hide from them-how to make sure one is not contrary to what they are doing-give us some secrets and strategy
AND WHAT PLATFORM DID YOU USE WHEN YOU RAN CILANTRO?????????????

how does one(retail) get a platform that is not transparent to the market???????????????
does TOS ever trade against its clientele?
many questions for you tim i hope you can find the time to do a proper blog on the subject
if you do i will go out and buy "AN AMERICAN HEDGE FUND" today-thanks td
p.s. mike i will contact you shortly-this weekend maybe on this subject(which most retail investors should be educated on) i know a little-i dont really know shit :)

Stan

to anybody that has TOS, how is their mobile platform? I have a motorola Q that uses Windows Mobile 5.0, most downloads used on the treos work on the Q.

If anybody uses their TOS mobile, i just wanted some feedback. Thanks.

Td

bought the book today from barnes and noble-they say it is a TEXTBOOK-in other words educational-thought you would like to know that TIM -good for everyone!-so tag you are it TIM-where is that article???

blog comments powered by Disqus

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 $58,000+ 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. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

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 2000+ 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 instructional DVD.

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)!

Join TIM

TIM Trades

View All

Date	Stock	Buy	Sell	Net
Nov 19	AENY	$2.80	$3.02	$1148
Nov 18	NLST	$4.16	$4.40	$947
Nov 18	IMGG	$1.42	$1.64	$2094
Nov 17	NLST	$5.04	$5.59	$2195
Nov 13	VRMLQ	$21.50	$22.97	$2901
Nov 11	EONC	$2.61	$2.80	$687
Nov 10	EONC	$2.74	$3.36	$9784
Nov 6	QXM	$4.31	$4.80	$1936
Nov 4	COT	$8.66	$8.88	$642
Nov 4	QXM	$4.61	$4.89	$822
Oct 30	DDRX	$25.70	$26.53	$812
Oct 29	CTDC	$4.00	$4.42	$781
Oct 26	AWSL	$3.24	$4.10	$2516
Oct 23	RODM	$5.27	$5.23	$301
Oct 22	AMLM	$2.69	$2.97	$820
Oct 22	USEG	$6.12	$6.09	$85
Oct 20	CBOU	$8.93	$9.06	$243
Oct 16	VRMLQ	$16.79	$18.65	$2773
Oct 13	YONG	$11.05	$11.66	$1202
Oct 13	NPHC	$0.59	$0.71	$583
Oct 12	IMGG	$0.60	$0.70	$682
Oct 9	ZAGG	$5.50	$6.10	$2380
Oct 7	GVBP	$0.03	$0.27	$702
Oct 1	NPHC	$0.70	$0.85	$1482

Total: $98,094 (681%)