Some Saturday Morning Link Love & 5 More Questions Answered
Posted by timothysykes on Sat 16th of Feb, 2008 01:07:13 PM
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Ever get that FreeCreditReport.com jingle stuck in your head? I do, that and the Hotwire.com one. Great, great advertising, they should be commended and linked to often. I even used Hotwire a few weeks back, they really were cheap. Anybody use FreeCreditReport?
Check out my new website’s first official sponsor…If you’re interested in getting your brand seen by 3,000 daily visitors, click here!
WallSt.net launches a new half-hour TV program, guess who’s in it?
A-Train Finance interviews me, you know you wanna click it!
More financial transparency? A good start, but not nearly enough
A SPAM-free search engine for financial blogs
Jason Leavitt of Leavitt Brothers does a really thorough book review of my book
Powerpoint Presentation and all! Among other things he says, “It’s a good book, it’s a fun read, it’s a light read”
Gotta love this quote posted on TheLion.com:
“Timothy Sykes book…I picked it up and next thing I knew….. I was on page 114! Cant put it down. If you trade, you really need to hear what he has to say. Best 20 bucks I ever spent.”
Q&A:
1. How did you find ISRG? Did you happen across them, do some research and then decide they were a good pick? Or did you come up with that using Thinkorswim
I’ve followed Intuitive Surgical (ISRG) since they were a $10 stock several years ago. Sometimes a product/business model just sticks in your head because it makes so much sense. Those are the stocks you want to buy early because whenever anybody hears about it, the odds favor them buying in, too.
2. How can someone like me, who has around $500-1000 get started? I noticed when opening a Thinkorswim account that if you trade too often, and are under the $25,000 min, you will be considered a day trader. Is that something I will have to just juggle until I reach the min?
$500-$1,000, probly trade Forex. Not my game, but Grace Cheng wrote a solid book to help you get started there. Thinkorswim has a minimum of $3,500 and yes, day trading under $25k can be a bitch, but then again, my best gains only come about every so often anyway, so that $3,500 can be turned into $10-$20k within a year if the opportunities present themselves.
3. Lastly, I was wondering if you could extrapolate on the decision process. Breaking it down. Where do you get your press releases, how do you determine their liquidity, what is good liquidity, and where did you learn what good liquidity is. I understand that liquidity can help reduce the risks associated with mini and small caps.
This post will surely help you understand my strategy better. If you really wanna know, then check out my DVD. Liquidity never really is a problem if you wait for Supernovas
to come along—which offer the best risk-reward in all the stock market—then you just gotta buy on the way up and short sell on the way down.
4. 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??????????
Ha, I dunno what others use, my hedge fund was just a tiny, tiny speck. For software, I used CarlinTrader and it was great—I could hide my orders entirely and frequently I would hide the true size of my orders, which was very helpful when I had larger orders. They have since been bought out by RBC, so who knows what they offer now, email my old Carlin Representative: rgrapin@aol.com
5. How does one(retail) get a platform that is not transparent to the market??????????????? Does TOS ever trade against its clientele?
Just use your basic retail crap, it’s fine, all that hiding your size stuff and other fancy techniques might help you for a pennies more per share, but then you’re just a working stiff and that’s no fun. I made my first million using horrible brokers like E*Trade and Suretrade. Again, if you learn to focus solely on the Supernovas then you don’t have to sweat the small stuff. Who knows and who cares if TOS or any other broker trades against clientele—they probly don’t, but they possibly do—yeah, it might be illegal—but if you’re on the right side of the price action, you’ll stick it to them anyway!
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 2 | KIRK | $10.60 | $11.53 | $1377 |
| June 30 | ISRL | $107.97 | $118 | $985 |
| June 24 | LZB | $4.53 | $4.81 | $1240 |
| June 17 | GWSC | $1.86 | $2.76 | $2679 |
| June 15 | SHZ | $1.66 | $1.83 | $280 |
| June 15 | SPNG | $0.11 | $0.18 | $630 |
| June 12 | JAZZ | $2.84 | $3.26 | $380 |
| June 12 | MAPP | $9.68 | $10.07 | $565 |
| June 8 | HEB | $3.00 | $4.18 | $334 |
| June 3 | GROW | $8.64 | $8.96 | $740 |
| June 3 | SYMX | $1.21 | $1.11 | $940 |
| June 1 | USCN | $0.55 | $0.86 | $260 |
Total: $65,674 (421%)
Tim , how fast can you get your dvd to me. I’m gona bite the bullet and buy it. Need to start making some money and learning more. look forward to the six hours of info. Thanks man.
We ship the DVD out right away so if you order anytime this weekend, it’ll ship Tuesday and then its just a matter of your location. International orders take longer
thanks Tim, I appreciate your quick response. I live in GA playing right now, I had emailed you after I finished your book. Just ordered the DVD. Hope it will be there when we get back from our road trip. Game tonight in Trenton. take care
one other thing, I was wondering do you usually only play one stock at a time? I know diversification can be a joke in the small cap world just wanted you take on it.
ypu, just one or two stocks at a time, i like to watch every trade so any more and i get confused. buuuuut when an entire sector starts displaying the prpoer patterns, i sometimes play 3-4
sorry to bug you again but thought you might know the answer to this….how the hell does something like what happened to cigi.pk happen?
M-A-N-I-P-U-L-A-T-I-O-N
Tim,
I know you said the chart looked horrific, but what happened to CIGI is what could happen to AEND- and that’s an actual growing company that’s never filed for bankruptcy, and a financial group just finished aquiring 2.5 million shares (news hasn’t shown up yet on regular sites like Yahoo and google, but you can see it on paid sites like TDameritrade- maybe TOS too). I know its a gamble-type trade, but it can only go to zero- the potential for another spike to $1 is why I’m in at this level.
anything COULD happen, i make my money by playing probable outcomes, not by guessing. guessing and hoping is what most penny stock/investors do and why they fail to beat the indexes every year
As far as the shipping speed of the DVD goes, my copy was shipped from Connecticut with 2-day air shipping. At the time of the order I was just told how much shipping costs were and was not given a choice for what type of service I wanted. I completed the order on Tuesday night (10:30PM EST) and it was delivered on Thursday. I live in Massachusetts so it was a very short trip, but I am very happy with the quick delivery! It was packed quite well too so nothing to worry about there.
Timmay-yo da man! thanks for answers-keep up the good fight-i would let my daughter watch WSW but there is too much swearing for her age-but i want her to develop financial savvy, unlike my parents had no interest installing in me-but i think it is important for kids to at least have a vague understanding of the world financial system-your views are refreshing and bluntly honest-thanks for the transparency
What is this “tip this” button i see? You want me to tip you for the great advice?
Hey Tim,
you only got an average of 2k visitors per day not 3k:
http://www.sitemeter.com/?a=st.....36sykes777
yeah the tip button is just one of many cool new features here. the standard tip is 10 cents if u see anything u like
and the 3k is the recent average daily visitors. also i think google analytics is more accurate than sitemeter
Tim,
I know you are a golfer as I saw you attempt to play in an episode on wall street warriors. What about having a section on your blog like the golf channel has dedicated to the person who won that week on tour called what is in the bag? Here are some of the things I would like to know what is in your trading bag on a regular basis:
Computer
Brokerage firm “I know your use thinkorswimn, but just in case you change
Where do you get your level II quotes from?
Do you have the TV on throughout the day on a financial channel if so bloomberg or cnbc?
do you feel any financial show is a must see on a daily basis
Any cool trading software used
the latest book you are reading other than yours, which i own by the way and it is a great read
What a great blog even if you do not add this little part. I make it a regular part of my day to find out what you have to say and have done for the day. Keep up the great work.
I like the idea, but I keep everything to a bare minimum. Never watch Bloomberg/CNBC cuz its all irrelevant to my stocks. Don’t follow breaking news because i prefer to react to the patterns that form due to people’s reactions to the news, so it’s very far removed, not as stressful/higher percentages. finance show, there is none, i like wallstirp for entertainment, thats about it. vast majority of people in finance are too boring to interest me. no cool software, just etrade pro and thinkorswim. see my library page for all my books, book reviews will start to be posted on this blog once i have some more time…
we always ask for alot from you tim, have you ever considered opwning a chat room type feature for when youre active on the blog, i can tell by the amount of comments you get for tips, advice, questions etc how important valueable your knowledge and expierence is
chat room carries too much liability, sorry!
I’m suing you for that comment! kidding:)