First Quarter 2008 Review: Earn 21% Every 3 Months And You’ll Live A Happy Life
Coming off my best week since I started TIM 5+ months ago ($900-ish profits), it’s good to review past successes and mistakes. Without further ado, I give you the first quarter of 2008 in a nutshell, where TIM used small account size–finishing at $17,388–combined with PennyStocking to thoroughly dominate the performance of ALL major indexes, even while making tons of mistakes. Follow along and learn to do the same…already 5% higher in April and I’m just getting warmed up…
Successes:
How I Made An 8% Return Before Lunch
How I Made 25% Just By Holding A Distinct Pattern Overnight
How I Made 8% In One Morning, Leaving 40%+ On The Table One Day Later
Why My Strategy Works Even For Stupid People
God, I Love Short Selling Penny Stocks!
Failures:
I’m Better At Being Cynical Than Optimistic
Fun Times:
Ashley Dupre Girls Gone Wild Pics
Before Dupre, TIM And Traffic Were Still Surging
The Unmasking Of Spitzer’s Call Girl
36 Hours In The Life Of A Trading Addict
Important Lessons:
The Stock That Killed My Hedge Fund
Lots Of Market Randomness, Avoid That Crap!
Don’t Be Scared Of The Bear Market
Rants:
Are You Prepared To Pay For Our Economic Sins?
Crap Company Chart Pattern Awards
IWall Street Sequel: Idiots Never Sleep
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UPDATES
May 16, 200810 stocks to watch today
PDO already up $1.25, sux I'll be away all morning workin' on TIMtv, got 500 shares reserved to short if need be this afternoon
Also reserved 3,000 FORC and KYUS for potential shorts
May 15, 2008Yup, by next Monday, everything's gonna be real working-like!
May 15, 2008PDO, up $4+ today, will teach you not to randomly short strong penny stocks, get in, get out then run...cuz sometimes they squeeze stubborn shorts to death!
May 15, 2008No ideal short plays today, check out these 2 interviews while we wait for price action perfection
I wish I'd listened to my own rulebook, instead got squeezed for $400 shorting blatant-fraud KYUS too early...someone needs a refresher course this weekend!
I nailed NCOC's 20% rise today in my pre-market post, but I was too biased against buying little breakouts, learn from my mistakes!
Stock Watchlist
| XRM | $4.54 | |
| SSBX | $3.25 | |
| APWR | $22.64 | |
| VRML | $2.69 | |
| NTHH.OB | $0.25 | |
| DPDW.OB | $1.05 | |
| CROX | $11.04 | |
| SUNV.OB | $1.44 | |
| AYSI.OB | $2.10 | |
| FORC.OB | $2.32 | |
| CNEX.PK | $4.05 |
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1Joe
April 12th, 2008 at 5:01 pm
Congrats on an awesome quarter.
2timsykes
April 12th, 2008 at 7:18 pm
thanks, but i really am just getting started!
3eric
April 12th, 2008 at 8:25 pm
Awesome work Tim!
4Michael
April 13th, 2008 at 12:10 am
Tim, what do you usually do on a lazy saturday?
go out with a hot chick and treat her a nice dinner?
5Mr Cellular
April 13th, 2008 at 2:44 am
F*ing Great Quarter Tim. You are a star for putting your trades online. Glad I found your blog after seeing you on CBS Sunday Morning. ROCK ON! May all your dreams come true.
6manhack(TIMBUCKS: $4)
April 13th, 2008 at 4:41 am
Yeah it sucks for someone to make 21% return on a small investment….
7manhack(TIMBUCKS: $4)
April 13th, 2008 at 4:44 am
oh and i’m being sarcastic. Good job Tim. I love your site and will continue to follow your trades. My strat will be to utilizer your “coma” technique. Short it and forget it for a week.
8Dinosaur Trader
April 13th, 2008 at 7:33 am
Fuck Tim and his “performance,” I don’t think he’s finished first in the VO yet..
Listen, I just realized that the most popular posts are your site aren’t about “pennystocking” but about Elliot Spitzer’s whore. Maybe it’s time to turn this into a porn site or something.
-DT
9Joseph
April 13th, 2008 at 7:37 am
What are you smoking, manhack? Timmy has no coma technique, what are you talking about? You misinterpreted what he said. You better learn from Tim; take profit and cut losses quicly; and move on to your next target. I wouldn’t short pennystocks and try to forget about them just to maximize profit. You’re asking for trouble, man.
10timsykes
April 13th, 2008 at 12:56 pm
Michael never lazy anymore–spent the day writing some educational pieces for a new Yahoo! Finance column….then I went out for a nice dinner :)
Thanks cellular, manhack
DT–anybody else in the VO playing around with less than $20k? I doubt it….gimme some time, I assure the $ profits will go up as I bet more
Edward, I got no problem with u reselling the DVD, but don’t advertise it on my site, try ebay, amazon/craigslist
11timsykes
April 13th, 2008 at 1:16 pm
#6 you’re damn right this strategy aint scalable, thank u for looking down on it, snobs like u are why it works so well! remember, good things come in small packages
12Oliver(TIMBUCKS: $12)
April 13th, 2008 at 2:15 pm
yup, no doubt a great quater for a small account and in general a nice return in profits. but i think penny stocking is a bad comparison to the S&P500, NASDAQ and/or DJI.
Kepp it up, I think everyone is appreciating your work even the haters because they wouldnt have anything to hate on without you.
13timsykes
April 13th, 2008 at 2:53 pm
oliver, if not the major indexes, what could i compare to? its a hedge fund strategy–minus the hedge fund-type scalability–but everybody compares to indexes
14Bill aka NO DooDahs!
April 13th, 2008 at 3:53 pm
Tim, you could compare it to an absolute benchmark that you’ve set.
How about … taking your final goal and deadline time, converting it to a quarterly compounded gain, and measuring the return against that?
The indices are a joke comparison for everybody — the only applicable time to use the S&P 500 as a benchmark is if you’re confining your trades to the S&P 500 stocks, ditto for Dow or Nasdaq, if you’re not trading entirely inside those indices, there’s no point in using them as a comparison.
15timsykes
April 13th, 2008 at 4:04 pm
experience teaches me deadlines and goals are the absolute worst thing a trader can do…gets you to feel ahead/behind and leads you to force trades or become overly conservative…for me, the best way of looking at it is to thin i’ll never make another trade in my entire life–that way i bide my time waiting for worthy opportunities
the comparison to the indexes is to show the superiority of a niche trading strategy like mine over the path the vast majority of investors take
16McLarty
April 13th, 2008 at 4:20 pm
Tim, congrats on the great quarter…I’m in the camp that thinks it’s not scalable…but hey, more power to you if you can prove me wrong, you handsomely trounced my 3 month performance, so hats off to you.
This is the first time I’ve been to your site…got a couple questions for you, they are pretty simple yes/no type questions. I’m humbly curious.
1. Were you trading mostly long positions, during a great bull market, back when you made your first million from your ~$12000 gift?
2. Did you mostly make short trades during, the last ~3 months?
17timsykes
April 13th, 2008 at 4:41 pm
made my first mil being a naive/lucky buyer of these microcraps, 2nd mil shorting them
vast majority of my trades ever since–including ALL my big winners–have come from the short side, check out my book for all the details:
http://www.amazon.com/exec/obi.....hysykes-20
And yes, its not scalable past a few million, thats why i’ve taken it to the general public…lots of people wanna learn to make a few extra grand/tens of maybe even hundreds of thousands
18eric
April 13th, 2008 at 5:13 pm
Tim…your blog about that crazy video on youtube seems to also have boosted your stock! Wow you have tons of haters, but if you have haters, then you must be doing something right because while they’re thinking about you, I know you’re not thinking about them. I cant wait for your new website. I could have sworn I read somewhere on your website that you have a goal of 300M of “F You Money?” Keep up the awesome returns!
19Bill aka NO DooDahs!
April 13th, 2008 at 6:01 pm
I thought the recreation of your 12.1K to 1.65M gain in 3 years would be your goal and timeline.
20timsykes
April 13th, 2008 at 8:12 pm
haha 12k to 1.65 million is the ultimate goal, but first time it took 4 years….i’ve said in interviews with my newfound conservativism and focus on writings/teaching, it’ll probly take me 10 years…who knows, just take it one trade at a time
21Bill aka NO DooDahs!
April 13th, 2008 at 8:50 pm
In ten years, I think that’s +13% a quarter, compounded quarterly. In four years, that’s +36% a quarter, compounded quarterly.