How To Predict 10% Daily Price Moves With Relative Ease: PennyStocking!

Posted by Timothy Sykes on Mon 7th of Apr, 2008 06:11:37 PM

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Some will argue that my top 3 weekend stocks to watch moving 10%+ in the direction I thought they would proves nothing. After all, maybe my blog is simply popular enough to help these patterns become a self-fulfilling prophecy.

But when you throw in a decade of me making millions of dollars off these EXACT kinds of chart patterns, it’s hard not to believe that they are PREDICTABLE! Because they are shining examples of the plays on which my instructional DVD PennyStocking focuses. So just get it so I don’t have to explain/mention as often! That might’ve been rude…whatever, be cheap, sign up to my RSS feed and try to piece everything together.

Enough blabbing, let’s talk shop:

Top Weekend Pick: Short (SYNM)—I’d hope to short into another full day of gains, but the weak open (double top at $1.25ish) coupled with sad volume meant it was gonna tank, either hard or soft, no way of knowing…so when it went negative on the day, taking out big block buys at $1.21 and $1.20 and within seconds it dropped to $1.15, I thought’d I missed it…luckily the optimists bounced it back to $1.20 and I shorted 3,000 shares there around 10am…barely getting all my shares before it fell back to $1.16 x $1.17

Then the real question: could it take out now 2-day support at $1.15…didn’t look good for an hour or so…lots of big buys…but there wasn’t any bouncing higher so I held—not content to make 3-4 cents/share. Right before 11am, $1.15 fell hard, stop losses took out $1.12, then $1.10, then $1.07!!!! Gotta love buying into those automated sell orders, it’s like surfing a wave, covered at $1.07, $370 gain, 11% on my money inside an hour…rest of the day irrelevant, not up enough—nor could I risk my precious day trades—to bet for a fall under $1 although odds are slightly for it. Next!

sss How To Predict 10% Daily Price Moves With Relative Ease: PennyStocking!

#2 Pick: Buy (WSCI) on breakout of $12.15, breakouts over multiple timeframes converge there…shorts will be squeezed, intensifying the breakout. This one broke out to $12.25ish right at the open, but volume was weak, so I really thought readers of my blog made that happen, didn’t wanna risk it—wrong, wrong, wrong, even if it was readers, stock broke out PERFECTLY so by 1pm, it was $13.50+, a 15% gain, damnit, you readers better leave a comment and say you took advantage of this, otherwise it’s a perfectly good chart pattern wasted! Please guys, c’mon, whether your or I got the $, I take pride in pillaging the market, speak up if you’re out there!

wscipick How To Predict 10% Daily Price Moves With Relative Ease: PennyStocking!

#3 Pick: Buy (VISN), opened just above breakout target of $13, didn’t do anything until 11am when it surged $1 within 10 min, shorts getting squeezed, I was busy with SYNM, not a big regret missing this, it’s a slower mover

visnpick How To Predict 10% Daily Price Moves With Relative Ease: PennyStocking!

Lots of other potential plays out there, I’ll have a list early tomorrow morning, gotta see if we have any other perfect technical breakouts/breakdowns…

PS Oh yeahhh, now my little TIM trading experiment is up 43% since November, $17,730 suckassssssssss…how many more plays will it take to convince you this stuff ain’t gambling, it’s banking!

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Related Reading

Manipulation Monday: 12 Stocks That I Wish Were More Greatly Manipulated :( May 19, 2008
10 Stocks In Play: Where Do You Fit Into The PennyStocking Spectrum? May 13, 2008
Why I Just Bought The Perfect Technical Breakout In Caribou Coffee Company (CBOU) May 28, 2009

Jib

Bought WSCI @ 13.14 and going to hold till tomorrow.
Not as good as 12.15, but still happy money. Thanks, Tim.

I've started trading around mid February, riding the storm in the financial sector. I came around your site a week or so ago. Seems like good stuff.

K

Hey TIM,

I've followed you since the beginning when you started this blog in November. I was always skeptic hearing that you turned a little over 12k into 7 figures. I was so sure you were BS, another scam artist to take poor starving college students money. I've been open to all strategies from buy/hold, small cap value, and even short selling because being one sided is just ignorant when it comes to the stock market. But after almost 5 months, I think its time to be a believer. The short into a POS microcrap/smallcrap company simply because of BS news and hype which caused it to spike in the first place really does WORK! It's the same pattern over and over again. Ive questioned is the 300 bucks worth it for the dvd, but I'm starting to believe that it is. I just need to know exactly how it works to start putting real money in. Keep up the good work TIM.

_K

InvestorsLive.com

Are you going for a record number of blog entries today?

CVP worth a watch?

[img]http://bigcharts.marketwatch.com/charts/big.chart?symb=cvp&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=4&size=1&state=8&sid=1850730&style=350&time=19&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=8255&mocktick=1[/img]

Sizman

TIM is PSTI worth shorting?

timsykes

awesome jib!

K, yes, lots of scams out there, thats why i had no problem naming my publishing company bullship press, aiming to cut through all the bs..and yes, my DVD gives a good overview of EVERYTHING, past trades, charts, variables, the whole strategy--and not just short selling, i hope people can profit ont he way up too:

http://www.timothysykes.com/dvd/

yah this is a record day, never underestimate my work ethic when i get pissed off!

CVP, i dont play falling knives, totally different variables

PSTI, gotta be very careful of big spikes, also gonna be interesting to see if i can even get a borrow

Joe

double tops are the poor man's super no va

timsykes

i love when idiots come knocking on my doorstep--its always amusing when in posting a comment, somebody's soooo sure of themselves...the best part is getting to tell them they're a moron and feeling good about not being a moron myself.

so truth #6, 7:25pm, this one goes out to u. one word: ThinkorSwim:

http://www.thinkorswim.com/tos/client/index.jsp...

$10 flat fee trading...there are even cheaper ones out there, but they're not quality and something tells me, u have some full priced broker who charges you like 1% commissions, like those knuckleheads on the latest season of WSW.

damn that felt good, thanks truth, feel free to stop in again and lay some "truth" on us LOL

Jay Zalowitz

Hey Scottrade isnt half bad. they havent let me down too much..
if your dealing with 5+$ stocks i prefer them
thats just me though.. to short like tim you need thinkorswim.com

Jay-Z intern at http://codywillard.com/

Joe

Jay-Z, you work for Cody? Do you work at his telecom hedge fund?

Dan

Hey Tim QTWW is looking so strong with good volume. Thinking of buying some tom. What are you thinking Tim, Thanks

timsykes

commented on QTWW in weekend watchlist, no change

more importantly, my DVD just got its first bigtime review, i'll do a full post, but i gotta share it cuz it makes me damn proud:

http://www.traineetrader.com/dvd-review-pennyst...

Daniel

who made money on WM? i know i did

Joe

Boom, Supernova

BenBien

Can I open an account with TIM Capital and earn +10%?

neswick

Thanks for the heads up on WSCI, I bought at 12.67 and sold at 13.10. Should've held longer, not even for the gains but because that trade got me flagged for pattern day trading (I got careless and lost track of my trades). Oh well, I'll just use another broker until I get it sorted out.

ryan z

hell yea 43% TIM, keep it goin!!

InvestorsLive.com

WSCI VISN definitely good ones to watch - both will probably reward the stalking with .50-1.00 gains on the short side tomorrow or Wednesday

Ben

hey, whatever happened to that dupree girl? typical pump-and-dump penny stock, huh! lesson learned.

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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%)