May 2008 Review: The Only Real Mistake Is The One From Which We Learn Nothing
Posted by timothysykes on Sat 7th of Jun, 2008 01:26:18 PM
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May was an interesting month and no matter the multitude of mistakes, I gotta say it was an outright success. Sure, thanks to me focusing too much on building this new site, not being disciplined enough in avoiding commodity plays or more importantly, waiting until they showed some–any–weakness to short, not being able to take enough pain before the damn busted (CNEX!!!!) or getting a short trade executed accidentally when I told everyone else to stay away (VRML!!!!)—yes made just about every mistake in the book, wasting away precious opportunities as if I was Britney Spears—TIM finished down just over 2% at $17,807…. Boo freaken hoo—now with less projects, albeit slightly, less sleep, sucks, I’m up already up 5% after 3 good trades this month!
Definitely more importantly PennyStocking students like Jeff Moates and Tony Ellis, are really banking, think $10,000+/month, no joke, aka doing much better than me—as I predicted throughout my instructional DVD…“you can do better than me”—and that’s certainly the reason why my website traffic is breaking out gradually…not a pattern to short like it was back HERE
In summary, yes, I screwed up a lot, so what, I masterfully controlled my losses, you guys learned from it, I learned from it, now we’re all better at trading, we can l augh at the 90% of traders who don’t know what the F#$! they’re doing, falling prey to “gurus” who cost thousands of dollars but fail miserably at enriching anybody but themselves and thus who should be taunted/ripped apart regularly and sternly, we understand the risks better, our profits are getting bigger the world is a better place. Welcome to my mission, enjoy!
Good Trades
Finally shorting into panic, gooooood Timmayyyy
Another perfect short, just wait for that momo to die baby
Good strategy, bad SEC bin Laden!
Bad Trades
Lack of discipline + bad SEC= bad news
My peeps make more $ than me, should they pay for the inevitable inaugural PennyStocking party?
Can’t believe I missed this one, this is akin to Britney losing millions by shaving her head, we both suck
Breaking rules is no fun, especially when you got something so perrrrfect
Too busy to trade, ya lil bitch
Wow, what a missed opportunity, think thousands in easssssy profits
And for my final screw up…
Important Lessons
Watch TV, get rich (by not trading)
Trust nobody, not even yo mother if she’s a financial blogger
Dennis Gartman just got owned!!!
Shutup, seriously just STFU already!
Trading journals are fun, fun for everyone, get her doneeeee
This is not optional reading, I don’t have patience to deal with you cocky Caucasians
Frigging imposters, so sketchy, I love it!
Gartman you a rich ass pump and dumper, yeah u r
Basics
What spam looks like
Sideways price action explained
Basic terms, quiz tomorrow
How to short sell pumped up penny stocks
Fun Times
Liiiiiiiiivestock old episodes
Audio version of my book, it’s beautiful
CNBC are liars, Maria’s naaaasty
I’m def. gonna shave my head and remake this music video
Get in on my college tour, it’s gonna be wiiiiild
Traitor Monthly just sux cuz of THIS guy…good thing all his readers are too coked out to matter 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%)
Unique visitors has not broken out, although the uptrend remains strong.
haha and i dont expect it to anytime soon, after all, i’m up $6k in 6 months, not exactly mind blowing, but as the $ goes up for me and my readers, we start getting more contributors, people see this isnt BS, the future is ours
Good Morning Tim and all readers. I have kept an eye on Tims site for some time now and am pleased that someone finally got tired of the established manipulation and has been making an effort to educate the little guy. I assume most of you are fairly young. When I was young I didn’t listen to those older who had much more life experience and certainly would give anything to go back and do it over. I started out life as an orphan with nothing and no-one. During my lifetime I have had money and all the toys that go with it, and I have also through medical situations, lost everything and been desperately poor with no help from anyone. I have overcome that situation and have been back to trading for a while now. I have spent several years researching and educating myself on the markets and the U.S. and global economys.
Tim is certainly correct about the manipulation, controlled media, purposeful mis-information given to the public. The old saying “Ignorance is Bliss” has some merit, as I am thankful for what I now know, but wish to God it wasn’t true and sometimes wish I didn’t know certain things.
There are going to be some very major changes in America very soon that will affect life as you know it. I give Tim a lot of credit for helping expose the lies and manipulation in the markets. Once in a while, you need to step back and look at the overall world picture and you will realize that this situation is not only in the financial markets. I am not going to post all that I know here as this is Tims site and I don’t plan on using it as a soapbox. But if you want to even begin to gain an understanding of some basic principles that will give you a start at learning what is really going to happen, take some time out and go to youtube and watch (The Most Important Video You’ll Ever See) All 8 parts. You will learn some very basic truths and principles that will help you understand where the market is going and also where the world is going. Hopefully a few of you will watch all 8 parts and give some deep thought to the simple principles and if you apply them to all you see and read and hear, you will be much more able to discern the truth from the deception. This is only a start to your education. I can point you in the right direction but it is up to you to to have the drive and desire to learn what is really going on. If anyone takes the time to watch the videos, I would like to hear what you learned from them at least as they would relate to the market. Keep up the good work Tim. You can rarely go wrong on the short side.
nice month in review Tim, definetly one of the most education months I’ve gotten from you yet. i just finished going over the last dvd last night. I’ll be re-visiting them again this week as well. Although my account is so small I can’t afford 11 minutes with Ashlee Dupre, I’ll be learning a lot more now that I’m starting to understand all of this.
Tim glad to see your site is getting a lot more traffic then when i started to visit. How many damn hrs a day are you on the internet, cause I can not believe how much stuff you find.
Hey Tim,
You can add me to those Jeff Moates and Tony Ellis numbers.
I did very well before I found you but nothing like now!
Thanks for that.
You can correct me if I’m wrong but from the comments I was first to bring SPDE TRX SOIS SOLI and PTEK here just this week.
I only mention this cause there are more $$$$$$ making stocks out there than ROYL MXC FPP GRO NTI etc.
And the cool thing is they are not that hard to find if one wants to put a little time and effort into this.
Just watch for red on PARD SLAT HDLM END CHP INO MYSL HYHY PRC CYPW ( someone brought this to the site the other day ,credit to them,this is gonna be nice on red )PGOG ( agian credit someone else ).
These are exactly the kind not followed by the “big boys”.
Scr** them, I’m having my way with these kind.
Mike how long you been trading and do you go long and short?
Hello All,
I recently discovered your site after seeing you on Wall Street Warriors and wanted to make a quick introduction to the group here.
I am relatively new to the market and I just got my feet wet about 8 months ago. I started out with a small investment of $2,000 to begin my portfolio and decided that I wanted to start out trading penny stocks. I felt these stocks were the best way to generate the greatest return for such a small initial investment. But being the young 25-year-old, inexperienced, and na
Hiya Cash,
I’ve been trading for about 14 years and I basically stunk, using the same old same old that everybody else uses.
Then I got in contact with an old friend Muddy,
http://greenonthescreen.blogspot.com/
who has been trading about 43 years now about 9 months ago and he mentored me and turned my trading absolutely around.
The last 5 months I’ve averaged over 100% a month the last 5 months.
And finding Tim’s stuff and his shorts has helped tremendously.
Yes I go both long and short!
Muddy’s taken his annual summer vacation and now I’m filling in on his blog and live chatroom.
Mike thanks for the info and I will surely check out the blog. So when you say you trading for 14 yrs was trading your only income at the time and that what you do full time now?
Timmay I see you talked about PARL in your LiveStock vide.
Why do these guys want to short into a earnings play is beyond me?
Hopefully these folks can open up to some new ideas that makes real money ( and pretty darn fast too )
Here’s how I played it along with some other trash talk:
There were some very late premarket leader board hits that ran awesome right after the opening bell this week:
From live chat Tuesday:
(Jun 03-09:26) 13th_FLOOR: SPDE just hit
(Jun 03-09:32) 13th_FLOOR: SPDE 1.75
Jun 03-09:35) 13th_FLOOR: SPDE 2
(Jun 03-09:37) 13th_FLOOR: SPDE 2.20
(Jun 03-09:38) 13th_FLOOR: 2.40 SPDE
(Jun 03-10:21) 13th_FLOOR: SPDE 2.57
(Jun 03-10:21) Laura: shew, SPDE a double
(Jun 03-10:23) 13th_FLOOR: SPDE 2.98 weeeeeeeee
(Jun 03-12:16) 13th_FLOOR: SPDE 3 hit
(Jun 03-12:17) omar: nice call on spde
(Jun 03-12:17) 13th_FLOOR: thank you
SPDE went on to hit a hod of 3.25
SPDE was also a former 0 vol stock that I’ve spoken of quite often.
(Jun 03-09:28) 13th_FLOOR: BSHF just hit
(Jun 03-09:49) 13th_FLOOR: very late hit pre BSHF near hod
(Jun 03-09:49) 13th_FLOOR: that was pump awhile ago
(Jun 03-09:50) 13th_FLOOR: is hod now 1.89
(Jun 03-09:54) 13th_FLOOR: BSHF at 2
BSHF opened at 1.64 and closed right near hod 2.03
From Thurs:
(Jun 05-09:17) 13th_FLOOR: PCYC just hit,news
(Jun 05-10:43) Laura: PCYC nice call 13th, up 21% now, 1.27
(Jun 05-13:25) 13th_FLOOR: plus i love IB pre board
(Jun 05-13:25) 13th_FLOOR: you can scan by amount of time in list
(Jun 05-13:25) 13th_FLOOR: thats how i caught PCYC today
(Jun 05-13:38) johnnyvento: what the hell PCYC
(Jun 05-15:53) johnnyvento: PCYC jiggy at the close
(Jun 05-15:53) 13th_FLOOR: PCYC again now 1.54
(Jun 05-16:02) johnnyvento: PCYC ends on hod even w/ all the selling pressure
PCYC closed at 1.55 from 1.07 open.
From Fri:
(Jun 06-09:30) 13th_FLOOR: ROYL late hit
(Jun 06-09:35) 13th_FLOOR: ROYL going some
(Jun 06-09:36) 13th_FLOOR: ROYL nice so far
(Jun 06-09:40) TomT: there goes ROYL
Opened at 9.05, hit hod 10.25
(Jun 06-09:11) 13th_FLOOR: destroyed last 2 days DESC just hit pre leaders
DESC opened at .165 , hit high of .2199, closed at .20
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Oh and I short ones up huge (20%+ )on pre board and that in the last 5 mins before the open start to come down fairly quick as did ISPH if anyone was watching it in pre.
(Jun 06-09:49) 13th_FLOOR: shorted 6.4 ISPH
(Jun 06-10:13) 13th_FLOOR: yes i got out 6 from 6.40
(Jun 06-10:13) 13th_FLOOR: may try again in 5.80’s if
(Jun 06-10:31) SlowPoke: i shorted ISPFH @ 5.85(Jun 06-10:31) 13th_FLOOR: me too aqgain short 5.85
(Jun 06-10:56) 13th_FLOOR: ISPH might break 5.7 downside,if does i think to 5.50’s
(Jun 06-10:58) sheezo: here we go ISPH
(Jun 06-11:13) omar: 13th are u still holding isph
(Jun 06-11:15) 13th_FLOOR: yes
(Jun 06-13:24) TomT: damn ISPH IS down
(Jun 06-13:24) TomT: well was down to 5.10
(Jun 06-13:24) 13th_FLOOR: ISPH more down
Reshort at 5.85, covered at 5.25
16% total short profits on ISPH
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Also I look to go long on any of the top 10 or so preleaders in price PLUS volume that have reported earnings since yesterdays close.
my list to scan were:
ISPH TMWD PARL MBRK XJT NSM FPP ONXX NOG PDO
PARL fit the bill perfect:
5:01 p.m. EDT June 5, 2008
Jun 05, 2008 (MARKET WIRE via COMTEX) — Parlux Fragrances, Inc. (PARL:
announced its results for the fiscal year ended March 31, 2008. Sales from continuing operations were $153,696,374 compared to $134,365,094 in the prior year, an increase of 14%.
(Jun 06-09:40) 13th_FLOOR: PARL hod 4.26
(Jun 06-12:51) 13th_FLOOR: PARL not stopping on earnings
(Jun 06-12:52) TomT: damn it just hit 5.
PARL opened at 4.21, hit hod 5.19, closed at 4.90
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and go short on “fluff” news ones when they hit red
TRX fit that bill:
(Jun 06-08:24) 13th_FLOOR: TRX kinda fluffy news imo yest,watching for red
(Jun 06-09:34) 13th_FLOOR: TRX nice red
Opened at 4.92, hit lod 4.34, closed at 4.46
Alot of different ways to make money in the markets,just gotta find yours i guess
Cash,
I worked those 14 years and in the last 9 months I got laid off,luckily it turns out.
I’ve been trading fulltime these last 9 months and have tripled my yearly working income in that time.
And no gasoline bills going back and forth to that crappy job,ha
You guys GOTTA listen to Mike13th and go in his chat room. I’m kicking myself for the past few days. I was in the chat room when he mentioned the PCYC and PARL prehits, but I hesitated to buy them and missed some awesome moves that, in just a few days, would’ve wiped out a big chunk of losses I suffered last month during my whole “initiation” and learning of this game.
Bottom line is, on Monday, if he mentions any good prehits that go green on open, I’m in.
Mike I hope it keeps working out for you and you never have to go back to work. Good luck.
Just got a spam fax at work. RVBF.OB Man from what this fax reads this is the next Exxon. People really believe all this crap?
Thanks to Tim and family I’m up 23%.
Here’s some plays;
odp, idti, sino
How can you check the volume for the day and tell if it was more sellers than buyers?
Thanks guys.
one of the most helpful things i have read is the “Reminiscences of a stock operator”
seems like gospel=expose on the wranglers of markets past-bucketshops today are the “-trades” put whatever name in front and you got it or at least i do now-
so what are the trades for monday morning???
YngvaiMalmsteve,
Where is Mikes chat room?
Thanks
Go to Timmay’s recent “Heroes” blog. He’s got a link near the beginning of the blog.
Cash said: “Just got a spam fax at work. RVBF.OB”
Thanks for the tip.
And LOOKIE RVBF a “former 0 vol stock”.
Just the kind I’ve said in past that when you find them and if they start to run on some vol you can almost ALWAYS assume they are being pumped somewhere by somebody!
Hi Marketwizards
Thanks for that link to - http://www.youtube.com/watch?v.....mp;index=0
Amazing series of videos, I watched all 8 whilst at work! It seems obvious to me, I don’t know why more people aren’t into this idea. I described this period in our history to a friend as an anomaly, a massive spike of wealth and consumption; it seemed to register with him. I encourage evreyone on here to watch these videos.
Thanks again.