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This Is A Message To My 1,200 Covestor Followers

Posted by Timothy Sykes on Mon 4th of Aug, 2008 12:28:38 PM
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First, thank you for following me on Covestor (those who don’t can do it HERE), Covestor is hugely important in bringing transparnecy to this industry filled with liars, cheats and frauds.

More importantly, looking at my performance data below, aka how you would’ve performed if you’d been following my strategy/picks/trades, (yes, those outrageous numbers are due to me taking only 1 position at a time, aka Covestor treats it as 100% cash used per trade, when in reality it’s 20-40%..Covestor is making me think I should be more aggressive!) it’s understandable why you can’t wait for Covestor to unveil their “autotrade” feature, but these kinds of ridiculous gains ain’t gonna be easy for you to achieve.

timcovestor This Is A Message To My 1,200 Covestor Followers

For better or worse, I owe much of the success of my strategy (you can see all my trades HERE)(which you can learn to do on your own through my ridiculously well-received PStocking instructional DVD package, learn more + read reviews HERE and don’t be so fat and lazy to have to rely on me anymore) to Short Selling, which often requires the borrowing of shares to short ahead of time.

And of course there are scalability issues as ideal entries and exits–no matter how flawed my own personal trading has been–becomes problematic after you have a few million dollars.

Basically, autotrade will never work with my ideal strategy so your 2 options are to learn my strategy for yourself with that DVD mentioned above or subscribed to my TIMalerts real-time trade alerts service, which is basically what Covestor aims to do, but without the autotrade feature.

The good news is that since I know full well about these issues, TIMalerts main strength is the 8am morning watchlist emailed to you and posted on subscribers-only TIMalerts.com website. This allows subscribers to reserve shares early in the morning, before the brokers run out of shares to dole out, which sometimes happens with these perfect shorting opportunities.

Even better news is that out of 18 TIMalerts so far, all 18 of them have been winners (don’t expect perfection to continue) over the next 1-2 days, which is my usual trading timeframe. The average gain per alert in June was 18% and July we got all the way up to 24%, thanks to my latest 2 alerts on 47%-return-in-2-days U.S. Shipping Partners L.P. (USS) (click HERE to learn the details) and 30%-return-in-1-day Mechanical Technology Inc. (MKTY) (click HERE to learn the details).

And while the majority of my trades/alerts will be short sells, some have been buys (basically 2 shorts for every buy), so I’m going to create another Covestor account specifically for longs only (when my original account is large enough to be broken into 2).

I apologize my strategy isn’t easy to replicate, but that’s its gift and its curse–if it was so easy, everybody would be doing it and it wouldn’t work anymore. for now, the 300+ TIMalert subscribers are banking (read the testimonials on the TIMalerts table HERE) and even more importantly, there’s no one right way to play this game as it works over multiple time frames–check out THIS GUY whose adapted my strategy to be more of a longer term swing trading strategy.

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  • i love that yaktipper and i are neck and neck for best risk-adjusted 3 month return:

    http://www.covestor.com/rankings/portfolio?perf...
  • mikeswords
    Coverster was something that was seriously needed in this business. I plan to get on ASAP.
  • Reaper
    I am currently #26 on Covestor for risk/reward, despite doing most of my trades in my non-Covestor account.

    http://www.covestor.com/mbr/goodevalue2
  • Yeah covestor is great...it just takes a while to update your risk assessment and sharpe ratio until you have had it at least a month so you wont show up in the rankings until that updates.
  • Fxeurvsusd
    Hey Tim I think you have been aggressive enough considering you are teaching us how to make money consistently and to be able to stay in the biz.
  • I know you've proven your strategy enough that nobody can question your system. But do you have any feel for if this volatility and bear sentiment is helping your trades? Covestor keeps men honest, no more bragging without backing it up.
  • TommyTim
    Oil monster drop. Don't get excited bears. A hedgefund blew up and liquidated positions in all commodities by force. Iran vowed to never terminate nuclear program. Israel threatened to destroy Iran over the weekend.
  • TommyTim
    Read an article that real unemployment rate in the US is at 9.7%. The government numbers are a bunch of bullshit. GDP reported last week is misleading. Country has been in recession since Q4 of 06.

    Look for DOW to hit around 6K by end of 2010. We're going down for the count. Hold off those home purchases. You'll be able to get a buy 1 get one free special waiting another 2 years.
  • younggunz
    Chicken Little...err...i mean TommyTim, depreciating home values are pretty contained to a few major cities/states. My area homes are still appreciating just fine. Subprime loans only made up a very small percentage of all home loans in the US. The foreclosure rates may be up but foreclosure percentages of all home loans wasn't even 1% last I saw. It may have finally cracked 1% since I stopped paying attention.
  • ATSI getting squirrly now.. wants to break 3 today... big volume spike 15 minutes ago
  • Fxeurvsusd
    ATSI <------ Boring chart!!
  • LOL geared investor, what volatility? dont listen to the media, 10-25% index moves are nothing, nothing like 1999-2002...here'll always be pumps, just a question of how many and how successful, thats all that matters to my strategy
  • Gonads Areus
    Glad you fessed up on the Covester #'s. They made no sense to me.

    Would Abbey Cohen have made the correction?
  • ddigia1
    Covester is an awesome tool... didn't know about it until I started reading your blog some time back. Keep up the good work!

    D
  • total_keops
    Short AWEC @ 0.668 and I plan to hold overnight.
    Most probably way too early but I wanted to get a feel for it.
    Might add to it later.
  • Joker
    Anyone know what's going on with ELN?
  • total_keops
    This is some days ago.
    Elan, Wyeth shares fall on Alzheimer's study results...
    If you care;
    http://www.marketwatch.com/news/story/elan-wyet...
  • vo
    TommyTim: whoa, man. Have you moved to Singapore yet? :-)
  • Joker
    What's up with PSPT?
  • r u serious joker? read the PRs
  • Fxeurvsusd
    PSPT 25% up today not bad!
  • Joker
    PSPT maybe a second or third day short?
  • Fxeurvsusd
    no Tim he aint serious, hes a joker lol!
  • idiots, PSPT is a takeover, learn to read before u risk any $
  • Joker
    I didn't pull the trigger....why so serious?
  • Joker
    Ah, ALTH report earnings tomorrow, Timmay one of favorites.
  • YngvaiMalmsteve
    I was #9 on Covestor some days ago but I'm no longer on the rankings, even though my Sharpe Ratio was in the 3's. I asked them why, and I guess their changing their rankings system to favor people that have been on Covestor for a while. So someone who hasn't been on there very long (been there since end of April) like me won't be in the rankings.
  • cash
    Singed up today! Can not wait to makes some trades so covestor can ranking me.
  • younggunz
    Seems to me that Covester is going to have a battle with the SEC to be able to allow people to auto trade others. With 90% of traders losing money every day there is a lot of downside to following others traders, especially automatically. I know that I am following Tim with Timalerts but its mostly because I am trying to learn from his success and am striving to be able to do it all on my own. Even after I start doing things all on my own I will still keep the TimAlerts simply for the watchlists every morning just for the valuable picks.
  • SamuraiRat
    I want to see more of you Tim Alert's subscribers posting your Covestor pages.

    I Want to see how the magic is really working out for you guys.

    I'm doing alright (In the top 100 at the moment) , but nothing like Tim, hes annihilating the Rankings.

    http://www.covestor.com/mbr/johnca
  • LOL this isnt magic, this isnt the get rich strtategy of all time, its just a way to make money in the markets....u guys are spoiled by my success, its gonn take years for me to teach all the subtleties, just be glad u're not condemned to be the 90% of people who lose $ anymore
  • SamuraiRat
    BTW, any idea how many people the rankings on Covestor are out of?

    I'm guessing at least more than 10,000.
  • LAPaul
    GLCC is taking off. Yesterday 25% up,.. today another 15%. Compare the chart of the last few days with May 23 - 27. It rallied up 1500%
  • LAPaul
    correction, it is up 28% today... And the Beijing effect still has to come...
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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)!

TIM Trades

View All
Date Stock Buy Sell Net
Nov 19 AENY $2.80 $3.02 $1148
Nov 18 NLST $4.16 $4.40 $947
Nov 18 IMGG $1.42 $1.64 $2094
Nov 17 NLST $5.04 $5.59 $2195
Nov 13 VRMLQ $21.50 $22.97 $2901
Nov 11 EONC $2.61 $2.80 $687
Nov 10 EONC $2.74 $3.36 $9784
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: $98,094 (681%)