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TIMradio #7: John Forman, Author Of The Essentials Of Trading

Posted by Pallian (Moderator) on Sun 6th of Jul, 2008 11:14:44 AM
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Oh yes, the podcast interviews just keep coming…this latest installment is with John Forman, author of the outstanding trader psychology book The Essentials of Trading, which is REQUIRED READING. He’s even got an entire blog, coincidentally named TheEssentialsOfTrading.com, dedicated to teaching the same principles!

In both his book & site, he’s got time tested examples and exercises for novice and veteran traders alike…really gotta understand the emotions/psychology that play into trading if you’re gonna master it. For the 4938483rd time, successful trading is not just about making the right picks, it’s more about finding what strategies work best for you and then refining your skills through practice and discipline…

Sorry the volume is so weak on this one, it was my bad…just turn it up when John speaks cuz he’s really got a lot of good stuff to say!

Click the link below to listen to the interview!

Interview with John Forman

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Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!

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8 Responses

  1. 1
    MILL - July 6th, 2008 at 11:59 am

    Timmy, the FDA is now after you. Cilantro was added to the watch list by the FDA. Any comments, maybe a new video?

  2. 2
    timothysykes - July 6th, 2008 at 1:46 pm

    haha not worthy of a video, n ot until the SEC really comes after me

  3. 3
    Brent - July 6th, 2008 at 3:08 pm

    I looked at the 5+ months of TIM trades posted. 63% of trades are profitable with the average winning trade making $260 and the average losing trade costing $180. Wow!

  4. 4
    Brent - July 6th, 2008 at 3:10 pm

    Since May 23, 80% of trades are profitable with average gains of $300 and average losses of only $90!!!

  5. 5
    timothysykes - July 6th, 2008 at 3:42 pm

    yeah yeah brent, took me a little while to get used to trading like a poor person,n ow that i’m mastering it, i’m getting un-poor!

  6. 6
    cash - July 6th, 2008 at 3:45 pm

    so tim what is the deal with a members only website? when is it going to take place and what is the cost?

  7. 7
    timothysykes - July 6th, 2008 at 4:15 pm

    TIMalert subscribers only website comes out tomorrow

  8. 8
    Brent - July 6th, 2008 at 5:30 pm

    Will the regular site get some of the TIMalert content with a delay?

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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 $33,956 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.

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 900+ 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 blog post.

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)!

TIM Trades

View All
Date Stock Buy Sell Net
Dec 1 SAH $2.58 $2.75 $661
Dec 1 TWB $3.56 $4.20 $435
Nov 25 SRI $3.76 $4.45 $1683
Nov 24 KVHI $3.71 $4.28 $830
Nov 20 STXS $3.21 $3.48 $813
Nov 18 PERY $4.68 $5.00 $640
Nov 11 IIJI $2.79 $2.95 $442
Nov 6 CVI $4.42 $4.70 $530
Nov 5 MECA $3.68 $3.95 $490

Total: $39,463 (219%)

TIM Alerts

View All
Date Stock Position Ideal Exit % Gain
Nov 24 KVHI Short $3.70 18%
Nov 20 STSX Short $3.10 11%
Nov 18 PERY Short $3.75 25%
Nov 11 IIJI Short $2.80 5%
Nov 6 CVI Short $4 15%
Nov 5 MECA Short $1.95 51%
Nov 4 CVI Short $4.81 4%
Nov 3 NAK Short $3.20 5%
Oct 29 EVC Short $2 26%
Oct 28 HSNI Short $6.80 7%
Oct 28 HSNI Short $5.75 4%

November: 9 alerts, 15% avg gain

October: 11 alerts, 14% avg gain