TIM June Monthly Review: It’s Satisfying To Earn 14% When Most Others Lose

Posted by Pallian (Moderator) on Mon 7th of Jul, 2008 11:42:33 AM

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June was a tremendous month for me, my site and my strategy all took off just as others collapsed. Of course, just as all the longs look like geniuses in bull markets so do short sellers in bear markets and my trading/teaching was far from perfect, but the key is we’re all earning and learning…

To the numbers…

My Thinkorswim account increased from $17,807 to $20,272, a gain of $2,465, or 13.84%. Plenty of mistakes (click blog posts on the table below to see), but nice domination of Covestor (see rankings HERE) and the major indexes:

Site traffic continued its strong growth, especially monthly visitors which increased from May’s 104,000 to 150,000!

And get excited cuz now I’ve figured out a way to insert the TIMtrades table itself!

Date	Stock	Buy	Sell	Net
June 2	NTI	$13.76	$13.70	$50
June 4	GRO	$6.91	$7.37	$230
June 4	PTEK	$4.90	$5.15	$135
June 5	PTEK	$5.14	$5.40	$470
June 9	PTEK	$4.74	$4.69	$53
June 11	STXX	$4.22	$4.00	$250
June 12	STXX	$4.99	$5.34	$659
June 18	HYHY	$2.26	$2.38	$262
June 18	TGC	$1.69	$1.78	$250
June 18	HYHY	$2.28	$2.31	$40
June 20	PINN	$3.31	$3.44	$175
June 24	URRE	$3.90	$4.05	$205
June 25	URRE	$4.39	$4.40	$2
June 30	CNEH	$4.60	$4.88	$393
–			Total	$2465
–			% Gain	+13.84%

Important Lessons:

A book besides mine that you gotta read!

Yeah dude, all this junk I play is truly garbage

Buying a Supernova breakout is gooooood for your account

Stocks like strung out junkies—yessss that’s why they drop 20% intraday when they run out of crack

Learn short selling or lose

Don’t be afraid to take profits quickly

Be Tiger Woods

Lionmaster interview

This is how a frauds trade

Limit vs. market orders

Reserving shares of hard-to-borrow stocks

Rants:

Traitor Monthly Broke?

Classic penny stock niche ignorance

Newbies: STFU on other sires please

Stupid stupid haters

Randall Lane is a douche

Video rant, the SEC is following me!

Why I call the SEC Osama bin SEC

Fun Times:

It’s tough to top helping someone make $300,000

Time u get in on TIMaffiliates

I run Covestor

Grad student up $50k in 6 months with my strategy

TIMalerts intro…wait til u see June’s results

StockTwits is da bomb

Spread This Post:

TIMstore Monthly DVD Specials:

See all TIM DVD specials HERE

Related Reading

TIM 2nd Quarter Review: I Suck But Most Everyone Else In This Joke Of An Industry Sucks Worse July 8, 2008
Portrait Of A Successful PennyStocker: Adam Neiderhiser, Part 1 September 29, 2008
TIMalerts 2 Month Review, Let’s See How Everyone’s Fared August 12, 2008

UFgemini

Great job Timmmaayyy!!!!

Keep up the great work. This is only the beginning for you.

younggunz

nice. Kind of ironic that your traffic has climbed like the supernova stock charts you trade in.

chasdabigone

can i buy stock in timothysykes.com?

Reaper

Goodbye AUSE! I've had a tiny short position in that for awhile that I may start to unwind. Despite a good budget, the pumpers haven't been able to do much.

getshorty

Good call on chdx and tgc timmay, rode chdx from $15.90 now sitting at 15.18, only 100 shares, but not bad for a monday morning, tgc rode 400 shares down 16 cents, still open.

On other note, MYEC is fading again around $2.70, still short 400 shares sold at 3.60 like 3 weeks ago, tried to reshort last week spike each and every day several times with no luck.
Thats life.

No my Timalerts fee has paid paid off several times over.

Congrats on your return to date.

GT4NE1

Man, TOS charting is sucking ass today.

das317

Any thoughts on shorting the RDN pop Fri and today?

getshorty

I meant NOW my timalerts has paid off several times over

Oracle of NYC

Just made another $600 shorting 2,700 TGC shares @ 2.60 and covering @ 2.37 Tim. Thanks! That leaves me up 69% for the year on my small account started May 2008.

be-the-ball

Tim,

Do these people realize that posting trades after the fact makes this feel like a Yahoo message board?

I know it serves to boost your already huge ego :-) but that is the only purpose I can see.

getshorty

Good play oracle, looks like TGC was the sure thing one day spike on strong downtrend. TOo bad I could only short 400 shares cause one of my accts is frozen till tomorrow. The SEC is starting to cost me some real money here.

getshorty

Hi Be the ball. i found it useful to reinforce what concepts work more often than others, like in this morning TGC case. Also, helps to see how people screw up, human beings learn mostly by repetition.

UFgemini

Can UVSE break the resistance again???

younggunz

Anyone find the fox biz interview that was supposed to air sunday? I know fox had some computer problems that didn't allow them to cut to commercial so i don't know if that effected their show schedules.

be-the-ball

Get Shorty,

you are right but all Oracle did was post a victory lap. No logic behind why he shorted when he did and why he covered when he did

brent

Well, hell; construction going on and missed my opp on ROYL at 9.60. Oh, well another time perhaps...

getshorty

UVSE looks like a fakeout to me, usually when I breakout is for good, old resistance becomes support, it barely touched 0.35 and went back, it had its chance and it didn't take it. Also, volume is not that great.

UFgemini

could very well be...hopefully volume will pick up in the final hours

bullpicks6

BPWI intresting, all time high volume, almost no market, looks like it could be next HYHY or PGOG? keeping a close eye on it here

jonescade

bought 3k shares of getg on tim's assment that there may be more upside (and a quick look of my look of my ow'n). I used stops and watched it close for a dump. in the mean time I did mention the stock a couple times on the lion after my buyin but i'm not the first to try to move a stock there. got out at 3.75 for a .31 gain. timalerts are worth the money. 900 beans on my first timtrade

bullpicks6

nice jonescade

getshorty

SPent last night reading "the art of contrary thinking" great read tim, really self assuring how stuff has been pumped up and dumped for centuries really amazing. Will finish it between today and tomorrow so I can sit down and study "technical analysis using multiple time frames" once it arrives Wednesday or Thursday. For that one I am buying a notebook, and may even consider sharpening a couple of pencils, got to nail this stuff.

getshorty

Bulls are trying to give a fight on TGC.... GO BEARS GO !!!!!

JeffMoates

Tim,

on 10,000 shares (5000 @ 2.64 and 5000 @ 2.45), covered 8300 @ 2.37 and 1700 @ 2.3899 (I caused a nice spike when I tried to cover...heh heh) for a net gain of $1676.06 on the "slow" day.

investorslive

http://www.investorslive.com/blog/2008/07/why-i...

investorslive

Read that regarding BSGC - Lebeds pump for today

Kris

that's great Jeff! I tried to short RDN @ 1.45, but TDA kept canceling my order. Maybe that was a good thing. back to stocking for next prey.

getshorty

So it was you Jeff, sorry for all the swearing about who is that f*&$g buyer. People has some serious fire power here.

Just kidding Jeff, keep on making money and sharing

getshorty

Closed my 100 shares of chdx at $ 14.82 for a $108 dollar gain.
Right away I got a warning of TOS telling me I got 2 more daytrades left for the next 5 days, Guess I'll keep my tgc short over night.......

Oracle of NYC

"I tried to short RDN @ 1.45, but TDA kept canceling my order."

--Kris

Hey, Kris, funny thing is, I saw RDN spike up this morning based on their press release about managerial replacements, and I tried to short it in my TDA account at $1.46 but it told me twice that I didn't have enough funds to cover it, and I wasn't even using all my cash, just 75% of it. Like you, though, I did see that as a good sign, as it never went down to the level I intended to cover at, though it may very well do so tomorrow, but I really needed to use my last day trade from last week, so I could start on a fresh three tomorrow.

Kris

Hi Oracle, TDA has a margin on stocks under $5 bucks. The margin is 2.50. So, if u shorted RDN at 1.45, you have to add 2.50 to the share price for the margin requirement. Now it is like shorting a 3.95 stock. check your buying power now. did that explain what happened......

It was strange they kept canceling my order. if it was buying power they will let u know. they gave me no reason for the cancellation.

JeffMoates

Kris and Oracle, you both got your shorts cancelled because TDA does not have any shares available of that specific security to short. Each brokerage has to borrow these shares that we all short from institutional investors, if the stock is an OTC, on the suspect list, or just highly sought after for shorting, you will not find any shares available. Also, if there is a stock you really know is going to plummet, get up early. Reserve the shares by shorting at a much higher price than the actual B&A. That way it won't get filled until you change it. It takes up a lot of BP, but it's worth it if it's a good trade.

Oracle of NYC

You were absolutely right, Kris. It allowed me to go in with about half my available cash (did a test short and canceled). My buying power on that low a stock proved to be the problem. Can't wait to get up to $25,000. All these rules truly suck!

be-the-ball

Jeff,

THat strategy doesn't work at AMeritrade as they cancel your order when you make a change to it and put in a new one, so you lose the shares you had reserved.

At least, that is what used to happen to me. Use TOS now

Ryan

TDA does not cancel your reserved shares only the price you change, tried many times and it works as long as you reserved earlier in the morning. The best time to reserve is little bit after the pm open.

Wes

Ryan, BTB, or Jeff,

Quick question about resrving of shares using this method...Say I want to short 100 shares of XYZ at $5.00, I can place a short sell limit order at $6.00 and that will reserve the 100 shares for me? Then I can go in and adjust my limit price afterwards?

I use Zecco. I know that I can't call Zecco and reserve shares and I'm wondering if this procedure you guys are talking about will work for me.

Thanks

getshorty

What time does the PM OPEN?

Kris

Hi jeff thx for the input. Usually, TDA will make a statement "can not short OTCBB" "seel-short shares not available" blah, blah blah, but maybe your right...it meant they had none available.
TDA did me a favor...it did not drop that much..lol

PCola

Whoever got the TNRO mailer, apparently those guys didn't do such a good job of pumping before the dump...

Fantom

Just covered my AVID play from Thursday;
in 18.62 covered 17.31 only had 350 shares for profit of 444.50 after commission.

Still holding Thursday's plays, missed one.
Keep shortin.

be-the-ball

yeah, pcola, that one had no pop in it at all

Ryan

Wes, yes that is the exact way I do. Let say XYZ is trading at $5, and if I think it is short worthy at $4.90, I reserve 100 or as many as I want to (depending on my bp and shares availability) XYZ short at let say $6 (just to protect myself if there is an unexpected spike). Then I can change the price after I see the position is open on my trade activity box of TDA or even with Zecco, you can do the exact same procedure excpet Zecco does not allow you to trade pm or ah trades.

JeffMoates

Wes, that should work with any brokerage. What Tim calls "reserving" shares is only available through ToS. The way we do it, it's an actual short limit order, but it won't fill until the price reaches it, or you change it when the time is right (the whites of their eyes...).

Kris, there should be some sort of a red ! symbol next to the cancelled order on your 'order status' page. If you click it, it will drop down the reasoning for why it was cancelled. I know that when it is OTCBB it usually just displays it at the top, but when there are no shares available, you have to click that red ! to find out why. If there are no shares to short it will read "Order Canceled: We're sorry, but this stock is not available to sell short."

BTB, no, as long as you edit your order right there on the order status page, it won't release the shares you've 'reserved.' If you checkmarked the box and clicked cancelled, then attempted to do a completely new order, then I would understand if that happened.

TIM, WHERE'S THE MEMBERS SITE?! I've only been on here 2 months and these people think I'm an expert or somethin?!

be-the-ball

Jeff,

maybe my timing was off and someone stole my shares while my order was being refreshed. only happened once but I don't short much with AMTD cause they rarely have shares.

Kris

hey protrader-jeff! I feel like a fool. I have NEVER clicked on the red ! symbol. lol....and it said....drum roll please......
Order Canceled: We're sorry, but this stock is not available to sell short....thx for the education protrader..hehe..have a great evening.

craig20

Tim is the real deal I have made over 20% the month of June since I started going on the site.

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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%)