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Finally Over The $25k Hump, Osama bin SEC Go F&^% Yourselves!

Posted by timothysykes on Mon 18th of Aug, 2008 04:20:51 PM
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25k Finally Over The $25k Hump, Osama bin SEC Go F&^% Yourselves!

Finally! Last November, when I went back to my original $12,000 roots (see post HERE), many people thought/called me crazy…I wasn’t crazy, just determined to show everyone how it’s possible to make plenty of mistakes and yet–if you remained disciplined…or somewhat disciplined–still use small account size as an advantage to profit from all the manipulation and hype in this the gutter of the stock market.

Took me about 9.5 months to accomplish this rather unremarkable yet surprisingly difficult feat (last time I was this poor, there were no regulations preventing me from trading too much, which was a gift and a curse)–see all the trades upon trades upon trades it took me to get there by clicking HERE–and understand that in a free financial world, there’d be no regulatory difference between $2k, $20k, $25k or 250k, but in the real world, one that is subject to terrorism perpetrated by Osama bin SEC, this $25k mark means I can now do more than 3 day trades/week.

Yes, that’s right, after 9+ months of having to tiptoe in and out of worthy opportnities, always in fear of breaking the absurd pattern day trader rule, I am finally free to trade as I wish, scaling in and out of positions, depending on whether the price action is or is not to my liking.

This is a huge victory for TIM, a giant leap for TIMkind.

Of course, while I may have won the battle, no way have I won the war as with today’s loss on FOUR (detailed post coming tomorrow), I’m barely clinging to my freedom, with my account at $25,376 (up 8% on the month 104% in 9 months, down $350ish from my highs…boo hoo Jew), meaning I have to be extra-careful here, especially with my upcoming trip to Japan (Aug. 20-Sept 1, detailed post and itinerary coming tomorrow)

Also understand that I now send email alerts to TIMalert subscribers as to every trade I make, entries, exists, rationals–so I’m not gonna be trading/alerting like a madman, I’ll still focus on worthy trading opportunities which come about only every few days/weeks, I’ll just be going in and out of them intraday more often.

As much as I’ve showed people how I make money over the 1-2 day timeframe, now begins me teaching about trading for 1-2 hours.

Get ready, without Osama bin SEC prohibiting my trading, my profitability percentage should go even higher.

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  • YngvaiMalmsteve
    Nice work, Tim. I've got a ways to go before I reach that milestone.
  • getshorty
    Today started the day long ZYXI, closed position at 5.88, saw it went down to 5.40 and bounce, then shorted at 5.86. shorted some more when it broke under 5.40. Holding 500 shares short overnight for being fisrt down day.

    Once it looked that RDN was going red for the day, i shorted at 4.25 then bounced in my face. Two mistakes. Expecting a financial to behave as a supernova and short in the morning, prime for fakeouts. COvered at 4.70 and went long from there hoping for a runup over 5, didn
  • younggunz
    Congrats. Atleast now you could hypothetically have 5 alerts a week instead of only 3 when they happened to all be daytrades.
  • YngvaiMalmsteve
    Getshorty, I'm short IDMI as well. There were a few fake fades today but it traded sideways for most of the day today. Volume was weak and it finished red on the day.
  • Congrats, man. I'm sure very few of the haters have doubled their accounts in the last 9 months.
  • getshorty
    Looks good Yngvai, may join you tomorrow if there is some strong confirmation (this time in the afternoon, won't make same mistake of shorting a morning fake down again)
  • Awesome job. Tim, I'm listening to your interview with Jason Katzenbeck right now.

    Great interview. If anyone else wants to hear it, it's on http://www.johncow.com
  • mike
    Tim, what do think about FMD? It's up 70%+ on the day.
  • getshorty
    Forget about shorting FMD, it is up on real strong news and has closed at the high of the day, may gap up tomorrow

    NEW YORK (Reuters) - First Marblehead Corp (FMD.N: Quote, Profile, Research, Stock Buzz) shares soared by more than half on Monday as a Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) fund completed an equity investment in the student finance company, which has been hit hard by student loan losses and a frozen asset-backed securities market.
  • Mark
    Holding 500 ZYXI overnight (shorted at 5.70). I have 500 more reserved to short in the morning. We'll see what happens.
  • getshorty
    Same here Mark, 500 shares short and also 500 shares reserved.

    Action will have to be very strong for me to short those extra shares.

    Don't like 61 000 shares bought after hours 5 cents over the closing price, but so far, after hours hasn't meant a thing the times that I have checked.

    Any take on how to interpret this kind of volume in after hours?
  • anyone thinking about shorting rdn here in the next few days? it has almost double in the past week
  • getshorty
    I just got hurt by RDN, if you go for it be careful is not a fake-down like today. And even more weird, it went up while financials in general went down, no wonder tim doesn't like to play financials.
  • ddigia1
    Congrats!
  • Tony Ellis
    I probably will short either RDN, ABK, or MBI if the market breaks support tomorrow. I'd consider breaking support to be a close on the DOW bellow 11,450 last week's low. If we bounce I wouldn't short. Tim's gonna love this post...lol
  • neil2
    can't wait for more frequent tim trading! Lets make some cash!
  • Fantom
    It's a celebration! Ah, there's no stopping him now. Once most of the students cross that step, there will be nothing to stop us from conquering the exchanges. Soon they will have no choice to kneel to the short sellers. Tim leave some for us to short.

    See a financial green, go ahead, short it, just one time.

    Die fre
    Die fnm
  • More trading=overtrading=mistakes

    Careful what you wish for neil
  • neil2
    puma, I have learned that lesson well! I just really don't like holding stocks overnight so I am more likely to follow more of Tims trades.
  • http://www.investorslive.com/blog scan for the morning, some good spikers and breakout plays as of late..
  • IDMI low volume this isn't as attractive as last time, this is a more gradual play might have more upside..
  • Hey Tim, I really enjoyed listening to the audio interview while I was Internet Marketing at the same time. It is very inspiring for me.

    Anyone interested in a direct link to the interview, just click here -----> CLICK ME
  • Oh yeah, also, I'm still looking for my very first sale over at Internet Submitter

    Check out some of the BLOGS over there as well, thanks.

  • birchman2
    Never will understand the SEC rule and why I was able to trade with no limits in the futures market. You would think it was more at risk with the leverage that is used.
  • lmsmith
    In Regards to FOUR-- I bought in Pre market yesterday- 2.15- once the market opened sold at 2.70-(alerted in 13ths chat)---which was expected... now to buy that pos afterwards....ouch---- why? can't wait to read your post.
  • NuTrader
    Nice one Tim! Just picked up your DVD.
  • bsti, you think this pumper will run today, it's getting spammed a ton and i read an article that some marketing agency was paid 300k for 2 weeks of promotion
  • oulous
    You guys should have read the citron report on FOUR and realized it was not a good candidate for predictable behavior. The stock had too many manipulation forces at work to make a good trade. Factor in the citron report itself and it was a tough stock to be in.
  • jack johnson
    How much of that 25k will Uncle Sam get?
  • Jason
    Keep your stops tight :)
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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 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%)