Young Or Old, Rich Or Poor, You Will Give In To TIM

Posted by timothysykes on Wed 5th of Mar, 2008 01:49:51 PM

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It’s interesting to see how different people react to me. My TV appearances, trading strategy, big mouth, book, DVD, blog, etc all seem to stir up a wide range of emotions. Young people love my story—it’s inspirational, trading seems fun and easy, no bosses, wear a bathrobe, don’t wear a bathrobe, whatever. They also appreciate how I’m trying to open this game up to everyone, young or old, rich or poor. People around my age are always polite to my face, but I can tell they’re somewhat to very annoyed by my non-stop TIM promotion, especially on my Facebook profile.

As for older folks—the kind of people who use the word folks—they can’t understand why a trader would ever go back to trading less than 2% of his accumulated assets over the years, unless he’s lost it all.
Well, I’ve got some answers for everybody out there.

1. My story might be inspirational, but when I was making the most money, I was spoiled by a once-or-maybe-a-twice-in-a-lifetime bull market, I was aided by blatant price manipulation, I was naïve enough to keep betting all my money every time and most importantly, I was dumb enough not to know the difference. There’s still plenty of microcrapper volatility (see recent plays COIN, STEN, IDMI, SHZ, DARA) and money to be made (both long and short), but the manipulation is tougher to track, the patterns aren’t as easy anymore (they evolve, you gotta adapt). And, to be good to great, you’re gonna have to devote a lot of time to learning about all the variables and the subtleties of the marketplace (I can and will explain them all, but all this time writing/publicizing takes away from my trading so do as I teach, not as I do) (which, ironically, since I’m not a great trader in the first place, is exactly what I do teach, aka you can do sooooooooo much better than me)2. Despite whatever Wall Street snobs say, this stuff should be open and understandable to all. We should be totally honest with each other, there’s no need to be embarrassed of your losses–it’s only embarrassing if you don’t learn from them! There’ll always be suckers–total idiots and stubborn people might learn—thankfully (or else we’d have nobody to take money from!)—but with enough sharing of knowledge and experiences, we can help each other to enjoy safer and more profitable trading.3. As nearly all my actions indicate, I really don’t care what people think of me, I’ve got a lot of teaching to do and to find my students, I’m gonna search everywhere. Facebook is a great place—if not the best place—to find them.

4. Dinosaurs: Great wealth and trading gains don’t excite me as much as cutting through all the industry BS and helping others does. I haven’t lost everything, I’m only 30% off my highs (due to me ignoring my trading rules!), but to popularize this game, I’ve gone back to my roots so people with $5k, $10k, $25k can see EXACTLY how I build my account without the use of leverage. Trust me, I never saw it coming either, for a Wall Street kinda guy to taking on the role of a social worker?!?!?—must be all those damn Philsophy classes I took in college!

Granted, I think that by detailing PennyStocking to the world (and over the years, creating several millionaires in the process), I think I’ll be richer than ever, but even if I only sell two copies of PennyStocking for the rest of my life, I’ll blog often and freely, answering any and all questions in the FORUMS

After all, the beauty of trading is that it doesn’t just create great wealth, it also teaches us great lessons. And, teaching those lessons offers a greater high to which profits alone can never compare.

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Richard C. Wilson

Your first book was very popular, are you writing a second one in 2009 or 2010?

- Richard

lmsmith

Well said Tim

timsykes

haha i'm actually writing 2 books, who knows when i'll be done, soooooo many projects on the table

timsykes

i forgot who but somebody here shorted STEN, great job, up 10% in a few hours, the student becomes the teacher!

timsykes

and somebody picked XIDE earlier too, great job guys!

Tony Ellis

FEED looks interesting if it closes over 12.

Andrew

I know it moves slower than the loser of me racing a turtle in athletic world (http://reviews.cnet.com/games/athletic-world-ne...) but CPST broke 2 and I think its on its way up. Today or tomorrow, 1000 share buy + 10-20 cent gain up = nice profit. What do you think?

Andrew

Also, it already has a 55% short percentage but check out the head and shoulders on VCGH

timsykes

careful with FEED, even though its close/looks like a breakout, it has a horrible history of multi-day runups/gap ups

cpst looks good but the moves just aren't enough for me

vcgh is a normal stock, avoid

Brian D

21 years old, commute to college but looking to stick it to the man a bit. Favorite philosopher? I'm a Nietszche guy myself. I don't follow many of your picks to the T but the big ones that get talked about most here (such as STEN, IDMI, DARA) I do play.

Mike

Take a peek at THLD. Recent volume spikes and activity today.

Ken

Tim,
Your strategy is great and I am following it, will buy your DVD soon...just waiting to make enough money in the market to afford your DVD. My question is this: Since the market is downtrending, how about if I short ETFs like KRE, UYG, XLF or buy SDS, DOG etc. overnight besides following your strategies? In a downtrend market, you probably won't lose anything by parking your money on some stupid ETFs.

timsykes

i know nothing about ETFs, then u're just playing market guessing games like everyone else. for me its only pattern based trades or my awesome mutual fund PRPFX

sammytwoshoes

How about TIBX?

timsykes

tibx, horrrrrrrrrible chart, i'm just curious what do u see in it? either ong or short, i see nothing but randomness

Stan

wow tim that is a pretty good mutual fund! esp in bear markets 01-02 and now still making solid returns other mutual funds would be happy with even in bull markets.

im so confused on what to trade now, bout that time when i have no confidence in anything but the pressure is still on to make money, however im picking up small losses in the meantime. what do you do in times like this tim?

timsykes

don't pressure yourself to make money in the markets--ever--forcing trades is when u lose. nothing looks perfect now anyway, wait for COIN to blow out its top and then short

James Wilcox

Nice article Tim, I also liked the article you wrote on AOL today detailing all those POS stocks you don't want to touch with a ten foot pole. You didn't mention RMKR though as I was hoping but it's a dog anyway.

Jeff C

Can someone post a link to the AOL article....I'm lazy, I know...

Graham

I wish you had your own stock Tim, because I would love to invest in your growth. You crank out 2 blogs a day sometimes even on weekends. I commend you for your spirit and determination, and have enjoyed readying your blogs (I'm a total stocks noob).

timsykes

http://www.bloggingstocks.com/2008/03/05/how-i-...

timsykes

here's my AOL article:

http://www.bloggingstocks.com/2008/03/05/how-i-...

and thanks for the compliment graham, maybe TIM should IPO... i know a lot about pumps!

timsykes

here's my AOL article:

http://www.bloggingstocks.com/2008/03/05/how-i-...

and graham, thanks for the compliment, maybe TIM should IPO...I know a lot about pumps!

timsykes

here's my AOL article

http://www.bloggingstocks.com/2008/03/05/how-i-...

and graham, thanks for the compliment, maybe TIM should IPO...I know a lot about pumps!

timsykes

here's my AOL article:

http://www.bloggingstocks.com/2008/03/05/how-i-...

and graham, thanks for the compliment, maybe TIM should IPO...I know a lot about pumps!

Sizman

Tim

Should we short CSIQ again, isnt that your garbage pick?

Evan

Tim,

If you ever become an IPO, I'd have to stay long- I don't have the heart to short you after all you've done for us. Unless of course you spike for three days straight for more than 500%- then yeah...I'd short the sh%@ outta you!

timsykes

i have nothing against csiq, at least no more than any other crap company. i def. wouldn't short it, its put in a solid base

evan--exactly

Jeff C

Thanks for the link Tim...great interview the other day by the way...and if you have a link to coinmaster's blog we can go on and pump all over his site! Keep up the great work!

Dinosaur Trader

Ironically, I'm not officially a "dinosaur" by your designations.

Being a "dinosaur" is more a mental thing than a number.

-DT

Randy

I'll second that call on prpfx. "All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." JLL

The market is refreshing itself as the Japanese would say. There will be new players to go long on or existing companies will reinvent themselves like Apple did.

Tony Ellis

MXFD chart reminds me of COIN.

Tony Ellis

MXFD chart reminds me of COIN. WHat you think?

Joe

MXFD is a scam, same guys as RSPG and RRPH - check out KYUS too that's their other baby after RVNG this time they walk them up slower Maxwell is the IR firm

MXFD has no chit on the books, trading at 1000x where it should - if it should at all

It's on the RegSho thats about the only thing it has going for it

Tony Ellis

I know it's a POS...but I'm liking the chart!

bsl113

TIBX is a solid company. It might do down in the current market conditions. I don't see any reason to short them though. It would be a pure gamble.

jack

I remember you telling the whole world you don't need to know anything about the stock, if you are convienced the chart is telling you trending up or down on CNBC tv back when they brought you to speak on CNBC's million dolloar game and now you are telling us you don't know anything about ETFs on someone's post up here?? Why do you need to know what the fu*# ETFs are?? It is a downtrend market, parking your money on something that makes you $100-$200 richer overnight just like your every pathetic gains every trade on TIM. Don't you think you would have been lot better if you had plugged your ear and left your money on COIN when you first bought it (and then sold it taking loss after hour the same day?) And you touted don't trade pre-market or after hours many times on your several posts??

Stan

OME is kind of like COIN

frankie

Anyone plan to buy FART?

Gary

TIM,
Supernova In the Making!!!

SYBD!

How do you play this?

timsykes

ETFs are not stocks! I don't play market guessing games, when I say its all in the charts, I'm talking about being able to predict specific movements based on patterns that influence others trading. ETFs don't care about individual traders, they, like gold and oil plays, move based on the prices of their components. Verrrrrrry different. I play market in efficienices. Learn the difference

Adrian

went short coin at the open hard decision i think coin gives up some gains people have got to take profit sometime?? so far my my play seems to be working great will watch close this stock gains momentum fast

Jeff C

Any thoughts on SONS?

Jeff C

SONS Looks like earnings news....kind of like FART...LOL

timsykes

i wouldnt short COIN here, in fact i might buy if it can break $16.30-$16.40 on high volume...never underestimate a breakout!

lmsmith

I do what I do every open morning on COIN...... 5 mins into trading...I buy coin.....usually 400 shares, and sell them when it reach that new high- and then I am out...I profit all the time...... I wouldn't short it- it's breaking new highs EVERY DAY.........

Gary

imsmith...thank you!

You said that samething yesterday. I looked at the chart and...yes indeed it is doing that. So, This morning I got me a peice of that pie.

thank you.

Eric T

Can anyone tell me why is COIN making such huge gains and breaking out these past few weeks?

Tony Ellis

COIN...where's the volume?

Joseph

Damn Tim! just like you said

timsykes

another pathetic COIN breakout. Eric, its called a short squeeze/breakout. Very, very easy to spot, very, very difficult to play considering it the way it trades

The Barber

SWC took a nose dive today on some bearish news. looks like its gonna downtrend from here..............

lmsmith

I couldn't resist- back in COIN again...... too easy

timsykes

i speak too soon, c'mon COIN, gimme a real spike!

Stan

i think theres def more money to be made going long than waiting for a spike to short but the higher it goes the more worry some id get going long

KF

SWC..nice fakeout yesterday almost shook me. Dilutive private placement and declining metal prices...perfect storm if you ask me. Doesn't want to seem to break the psychological barrier of 20 though with any conviction. All the stops are right below.

Al

EXAS up 50% on news

Eric T

What do you guys think about shorting RHD? My friend put in a short tuesday and is $300 in the money so far. Looks like good volume and a definitely nowhere to go but down.

timsykes

SWC, shoulda woulda shorted into that breakdown of $19.80--the low form the other day,, now $18.80, shoulda woulda coulda, shoulda woulda coulda

RHD, its down so much, u risk spikes

Stan

Tim - patience paid off again with RYL shorted at 27.40 it went up yesterday but went down nicely today .. about to cover in the neighborhood of 26.50 but im debating it to go down more by tomorrow morning but i think i should collect my profits, what do u think???

timsykes

no idea about RYL, totally random chart, not my kind of play at all

lmsmith

TMA just hit bottom today- any thoughts? I would love to ride if for the bouce up- but I am scared that they might diminish completely.......

timsykes

I'd never play a stock like TMA, what possible edge could u ever have? its news related, cnbc, every fund manager playing it....no thanks, i'll stick to inefficient markets!

Stan

shorted RYL 2 days ago at 27.50 covered at 26.55 (near the days low) in the last seconds of trading - damn that was soo intense. who knows what happens tomorrow with it, thank god for that major sell off at the end of the day.

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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 $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 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: $92,304 (644%)