April Review: A Solid 5% Month Defines The Life Of A PennyStocker
Posted by timothysykes on Thu 1st of May, 2008 07:23:21 PM
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April was an interesting month—finished up just over 5% to finish at $18,284. Many great trading lessons, in the first 10 days, I got off to a booming start—as there were PennyStocking plays galore—but I didn’t earn a dime during the second half of the month. Not because there weren’t plays, more due to not being able to properly research/watch the markets every second like I like as I was speaking, traveling and working on this new website. Life usually does get in the way of the trading, but that’s fine—I’ve learned you need balance. Take it one pump at a time, profit as much as you can, enjoy the rest.
And, in case you cared, website traffic, while down slightly from March, grew steadily over previous months, and if you take out that huge one-time gain thanks to my Facebook convo with Ashley Dupre, hit a new all-time high…people are tired of all the finance BS, brutal honesty is the clear solution.
Here are posts you need to memorize for a quiz on Monday:
Successes
PennyStocking is all about predicting 10% price moves
It’s easy, but you gotta find shares to short cuz everybody wants in!
It’s fun when the media helps manipulate prices
It’s even more fun to trade in the airport (not)
Failures
You gots to minimize da losses
Even a profit can be full of mistakes
Even not trading at all can be a mistake
Fun Times
I love when somebody writes a review about my DVD like this–gonna overtake this scam/scum-filled industry!
And that’s why I party my ass off when I feel like it
And do nothing on my birthday cuz I’m a workaholic
And cuz Wall Street is full of superficial morons
Not that the SEC has any idea what’s goin’ on
Important Lessons
These are 5 big ass misconceptions
This is a smallcap scamming institutional investors
This stock is hot, hot, hot–who cares what I think, it’s not my core discipline at all
This is what I know
Rants
Typical Wall Street Cockroach
Hell no, this other Tim ain’t me! I don’t like cults
Nor do I like under-performers who mistakenly believe they’re entitled to anything
There is one financial writer I like
And that’s why I got the young people on my side
Sykes out
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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%)
great update w/ the fresh new look!!! looking forward to more great lessons and trading info!
TIM,
Couple potential plays:
QSND, needs a day or two more and volume
PGTI, another day or two
GST, looks ripe
JUPM, just starting out
thans btb, pgti caught my eye but its an earnings mover
Great site Tim. Very colorful and appealing
nice site, Tim
WSCI watching for the bounce tomorrow $13.63 today
excellent month TIM, just curious how much you riskin per trade? less than 10%
Tim do you expect TIM bucks to be worth more than Shrute Bucks? perhaps more than 1/100th of a cent like his… LOL
[img]http://www.tobyhilden.com/images/schrute_buck_small.jpg[/img]
Special thanks to you Tim and your team for all the info. I’m up 3k in a month, even though I’m going long. Man I love this game!
i voted “bring the old site back”. its probably only the whole new layout that i still have to get used to. ive been looking around for a bit now and its actually nice and of course you are still working on some bugs here and there. so probably its going to be an interesting site later on. keep it up
i hope u guys saw my post for abk yesterday, up to 5.27 in after hours
i liked abk below 5, just didnt make the move
Tim, what about CC? It’s taken a nice jump as of late and looks to be a good short right now.
I bought in on ABK yesterday—- I wish I bought when it dropped to $3 last week- ohh well, I still have time to make some
Any thoughts on SWIM?
Hey Tim- loving the new site. I’ve even decided to come out of my coop of anonymity a bit for the new site, and use my first name! No longer just a ViciousChicken..
PS- I love the idea of Tim bucks- do I get back pay for finding REED?
CC and ABK are barely up, i want volatile stocks, not gradual risers…remember i’m horrible horrible timer so i need a stock to move $2-3 for me to comfortably take profits of $50 cents-$2/share
SWIM, i don’t play falling knives, especially with SEC inquiries
cool bob, nah REED’s in the past u gotta come up with other good picks and then the timbucks will start flowing your way!
Tim, check out CLUB. Major jump today on earnings. Maybe good for an afternoon fade?
i dont play earnings
Swim— easy 1.88 gain!! day trading the stock- tim….that’s all, not holding over the weekend.