How the F$%^ Am I Still #1 On Covestor?
Posted by timothysykes on Wed 27th of Aug, 2008 04:36:24 PM
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When I see posts like THIS, I can’t help but laugh. TMK takes his “trading blog” to a new all-time low by proclaiming:
My overall picks during this last week were 13 for 20 on “trigger” rate, for a combined gain of 172%.
Basically he’s saying that if you traded off his blog post “triggers”, you woulda been right the majority of the time and those percent gains added together woulda been 100%+.
Now that’s some creative accounting!
Blah blah blah, soooo many ways you can make yourself seem important/impressive and yet the vast majority of those ways are BS, all I know is that the guy has a Thinkorswim account yet refuses to go on the transparent platform Covestor to back up his “big returns”, he stopped doubling and tripling his account right after the last time I called him out for probly lying about his true trading stats and is now massaging his blog info to make himself look as good as possible.
TMK you lil bitch–why don’t you just go on Covestor and try to prove me wrong about you? Or setup TMKalerts (and give me 10% for the idea)…this isn’t personal, you’re just an easy target to take down considering I’m naively featured you a few times and now you’re proving yourself to be a perfect example of what’s wrong with this joke of an industry.
Credibility.
You have none. Nor will you have any with the path you’re taking.
It’s okay, the vast majority in this joke of an industry also have none and they make decent money anyway cuz they massage data too! I don’t care if it hurts my sales to belittle potential affiliates/partners–howe the f$%^ can I partner with people who promote/sell products/websites without proving themselves openly?
Seriously guys-if you’re not a fund manager or employed by some big firm, why wouldn’t you sign up to Covestor and prove yourself to the world? It’d save me from having to write obvious blog posts like this.
I mean how is it that I’m still #1 on that site, basically quadrupling the returns of everyone else? Seriously. I’m not that great a trader. My research time is cut in half by blogging, emailing and working on new DVDS/websites.
It’s absolutely pathetic nobody has toppled me by now.
Seriously.
Forget the lil bitch TMK for a second, is there no one else?
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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%)
Ooooh snap! Tim is on a drunken saki fueled breakout! Sick ‘em Sykes sick ‘em! Intimidate him with your fierce whiteboy fro. Still waiting for you to shave that thing on Livestock. You can bring your other fro buddy back on too and have his done as well.
Maybe thats how you can reveal your girlfriend to the world, keep her busy shaving your head so she can’t read the chat!
As an avid follower of TMK’s blog, I’ll be the first person attest that this “trigger” idea is unpolished and often misleading. TMK instituted it to help guide some of his followers due to school obligations (he is, after all, a kid). I have no clue why he chooses to ADD together the movements of his triggered trades, some of which occur concurrently. The exit points are often arbitrary and self-serving (much like TIMalerts “ideal exits” which are often only 5% above the trigger price and only evident in hindsight).
I’d have to disagree about the comparison to TIMAlerts, after calculating that every single June TIM pick continued to perform beyond Tim’s exit, many times 2x, 3x, 4x the profit on the actual ideal exit.
yah my ideal exits could be muuuuch bigger % gains for me, i just take reasonable exit points over the next 1-2 days…many of my subscribers actually get out there, as u can see in the testimonials…question, why doesnt everyone have sooooooooooooo many testimonials from their peeps?
Well I am into this for a week so far and allready I have learned more in a week then the last three years. I actualy think I am learning to much because I am currently at the point were all of my money is out of all my old positions and I don’t have the ignorence I used to. To just dump it into just anything. I still have not made my first trade with this system and that in it’s self is a huge turnaround for me.
So I haven’t made anything yet but I have stopped loosing!!
Thank you.
When u see sites posting stats like that run for the hills been my experience. Been running a newsletter for 10 years now and you will never see that BS from me
IMPOSSIBLE and misleading posting price when alert send to calculate gains…post your IDEA, why u like something and where u think its going
THAT imo is how it should be and thats how I do it!
Keep up the good work Tim!
Hey Tim, thanks for the total bash! It’d sure be nice if you would just mind yourself. You seem to bash everybody nowadays. I just don’t see why you can’t keep doing what you’re doing without bothering others. Are you feeling pressure from me or something?? No reason to go out on a whole post bash. I have never done that to you, no need for you to do that to me. Thanks.
MK
cant we all just get along
BTW, I really could care less what you say. There are a lot of people that love my blog for what it is worth. Good buy/sell points with little haze. That 172% is just added up all of the possible returns on average trades. That has absolutely NOTHING to do with stock trading returns!! Just a simple move addition.
MK
Hey Tim, I’ve followed both your and TMK’s blog for almost a year now. I got to say that TMK is a real talented trader. Give the guy a break he is in high school for god sakes. I have lots of respect for you and what you have done but your bashing does get a little old. Plus you embellish your tim alerts alittle as well, and I’d be willing to bet some of the trades in your book were embellished just a bit. Nothing against you, I enjoyed your book, I would just say to lighten up and give TMK a break.
Tim, stop posting ‘ideal’ exit profit percentages for TimAlerts and then you can bash TMK. Adding of profits is dumb, but his ideas are good. He was the one who brought GFET to my attention two weeks ago and I made $1500 as a result (Mike 13th also found that independently and also made money on it).
I guess I have no hope of being tops on Covestor since I will soon close my TOS account (assuming my new account works out). Maybe though I’ll keep $5k in it to trade just to remain high on Covestor.
haha just trying to get TMK to get his ass on covestor! guys gotta toughen up
No Reaper, just close the TOS account. You don’t need fame, it’s too distracting. Once you an PCola drop off I’ll move up two spots!
Toughen up? You gotta be kidding me!?!?!? This is the era of PC, where everyone has to feel good about themselves.
That’s why I like Tim’s blog because he says what other people only dare to think (when they actually think).
I love the markets because the markets are pure. The markets don’t care who you are. If you’ve got the talent, discipline, and guts you can succeed. Always remember the markets don’t give a fuck about you.
go get em’ TIMMMAAAY!!!!
For some reason you want everybody to be transparent and sign up for covestor when in fact it’s flat wrong. It’ll show you if someone is making or losing money but its impossible to know their % returns.
Any opinion on ANSW anyone?
Tim there might be someone higher than you on Covestor(doubt it though), because covestor freaking removes people from rankings if they dont think they can keep their returns constant. For example Tony Ellis and YngvaiMalmsteve got removed even though they should be in the top 100.
You guys will all be back on there, just give it another month. I’m thinking they are looking for an entire quarter of history now if you have top 20 returns.
Damn…Tim that was bruuuuuutal?!!!
[img]http://i204.photobucket.com/albums/bb114/watchfrog/jewjitsu.jpg[/img]
Anthony
Tim calls out TMK, so were is TMK response? Come out come out where ever you are TMK.
The thing we all have to love about Tim the most is when he sees bullsh$t he calls bullsh$t. He is the reason I created a covestor account.
Lol. let’s leave the gossip shit for the girls! If I wanted to go to Perez Hilton’s blog, Tim, I would.
You’re better than that, my man!
I use covestor and interestingly enough, my returns have gotten better and better. I’m still not in the short game but it has made me consider the trades I do make because of course I want to be more in the black than the red. Only fakers and wanna be traders wouldn’t be transparent with their returns.
funny how cash called out TMK even though he posted already
Tim is on Covester because he needs credibility to sell his product, that makes sense… TMK is not selling anything, don’t see timmay calling out mike_13th for not verifying his trades even though dozens of people from this site are in the chatroom…
at least be consistent, timmay, lol
vento, anybody who writes and wants to be read/trusted needs to be transparent…mike13th uses IB so he has an excuse not being on covestor, TMK’s just a lil bitch
IMO, it’s not a good idea to give out all your account information to a third party. Even if it is so called “secured”. When covestor can get returns correct it will not be BS but you can have someone be up $10.00 and covestor say’s their up 300%!
Yeah i noticed Tim embellishing TimAlert % based off of perfect entry and exit points. Maybe I just filled in the information in my head but I didn’t get the impression he was trying to pull the wool over our eyes. It would maybe be in the title of the blog but when you read the blog it explained pretty clearly where the numbers came from and how much Tim left on the table with his own trade.
I don’t know why TMK should get so offended I think I’ve been slammed worse back in elementary school. He’s calling you out to join covester. I takes like 5 mins, just join and be done with it. I give you props for being in high school and getting into trading so early. I wish I would have had the know how to get into it back then. I was a Junior or Senior in high school around the time Tim was making his initial million. I sure as hell didn’t have time to do any trading between class and tokin’.
I’m really getting sick of reading all the sissy comments “don’t be so mean” and shit like that. Quit being fucking pussies! If someone gives you shit give it right back. If Tim called me out I sure as hell wouldn’t start off asking him why he’s being so mean to me. Someone throws down the gauntlet you man up, not quiver in the corner like a puppy.
That TMK blog is pointless. The dude uses TOS Play money account which is why he can’t sign up for Covestor probably. An example of his posts
MELA - “Either a short under the 50-day MA on green to red action, or a buy over the 50-day MA” - It was a perfectly set up buy, good for a 7% gain.
Do you all not realize anyone can make a stock call like that? Don’t think so? I’ll make one right now.
Watch AAPL if it moves above 174 buy it for a gain, but it moves below 173.25 short it for a quick gain. I’ll be back tomorrow to let everyone on this site know if this call turned out positive or negative for me. I plan to use 100% of my capital on it as well. I guarantee a win.
Tim:
I’m with you on this one completely, and I LOVE Covestor, but the one reason I don’ go use their service is that I am a futures trader. I day trade the QM and have had good success, and am dying to show someone my results without having to shell out a fortune to KPMG or E&Y to prove my skill.
I’ve been talking to them regularly trying to get them to get their asses in gear on this, but so far no luck. Keep up the good work.
Chris
Tim makes a strong point, and I have never personally been drawn to reading TMK’s blog. There’s just something about it that lacks a genuine feel. I read Yngvai’s and the Green on the Screen blog on a regular basis and those individuals have never had to brag about their returns or anything. And in addition, their successes and failures appear realistic whereas TMK’s claim that he turned $8K into $32K is wanting in some more evidence for such a bold claim. If I claimed to turn $8K into $32K, I would need to have some evidence to back it up. Otherwise, what is stopping anyone from making that claim? I agree that “The Market Kid” is not trying to sell any product or service, so he doesn’t NEED to prove himself for that reason, but nonetheless he does need to put something up as proof if he wants people to believe him beyond face value. Those who do believe him and his talents return to his site; yet those who are SKEPTICAL, such as myself and Tim Sykes, will not even bother to read his site on a regular basis. As for me, I have been trading since June 2007 and my record is TERRIBLE, yet I still bother to maintain an updated Covestor account. And in addition, I am putting together my own website, and on this modest website I have uploaded screenshots of every monthly ‘History’ Statement from my TD Ameritrade account. Here is a link and you can click on “View Complete Trading History” for any month to see my ACTUAL trades. So with TMK, I do not see why he cannot do something as simple as make a Covestor account or something more complicated as uploading every screenshot from his brokerage account. A low-life vietnamese scumbag like me can do it, and my site is under heavy development with 0 readers, so I find it ABSURD that TMK can make his DUBIOUS claims without presenting at the very least SOME PROOF of anything! Otherwise, why believe him? Why read his site? That is the question, and that is why I never read his posts.
oh here’s the link to my Trading website by the way:
http://benbien.com/?page_id=27
Click on “View Complete Trading History” for the listed months to see screen shots of my TD Ameritrade brokerage account’s “History and Statements” section. It’s all there kiddies, my best and MOSTLY WORST trades.
Some recent months:
http://benbien.com/?p=181
http://benbien.com/?p=179
http://benbien.com/?p=177
Oh and as for Tim’s humorous reference to the Troy scene: damn, Tim, you’ve got 10+ years of experience ahead of us plus you are the creator and master of your own system, which you execute with extreme discipline, so when you ask “IS THERE NO ONE ELSE” I can only reply: yes, there is, but we are each still in training. I have only been at this since June 2007 and I wasn’t actually trading heavily until January 2008, so I have AT MOST only a year of experience behind me. But since I am still young I aspire to be as great as you and Fous, Tim. Mark my words. Mark themmmmmmm.
Oh yeah your DVD was boring yet helpful, hopefully your next ones will include more dynamic charts Timmaaayyyyyy!
Some recent months:
http://benbien.com/?p=181
http://benbien.com/?p=179
Oh and as for Tim’s humorous reference to the Troy scene: damn, Tim, you’ve got 10+ years of experience ahead of us plus you are the creator and master of your own system, which you execute with extreme discipline, so when you ask “IS THERE NO ONE ELSE” I can only reply: yes, there is, but we are each still in training. I have only been at this since June 2007 and I wasn’t actually trading heavily until January 2008, so I have AT MOST only a year of experience behind me. But since I am still young I aspire to be as great as you and Fous, Tim. Mark my words. Mark themmmmmmm.
Oh yeah your DVD was boring yet helpful, hopefully your next ones will include more dynamic charts Timmaaayyyyyy!
oh and TMK guy: are you really in high school? come onnnn, at least post a picture of yourself or SOMETHING about yourself on your goddamned website if it is so popular. That’s another thing that I did not like about your website: when I first visited it, it looked very UNBELIEVABLE and did not even sound like it was coming from a human being. POST. A. FUCKING. PICTURE. OF. YOUR. SELF. SOMETHINGGGG AT THE VERY LEAST THAT MAKES YOU LOOK CREDIBLEEEEE. It will only help you get more readers. Not many people like to read things from some anonymous guy! Be more personal! F U! NUT UP!
look, even I have a picture of myself up on every website I go to as well as my own website, despite the fact that i’m just some scrawny vietnamese peasant. THE MARKET KID = JOKE to me, and that’s just my honest OPINION! You can say the same to me and I’ll be jussst fine about it. Alright, enough VERBAL smackdown, I need to work on MY website, which will certainly annihilate TMK’s weak bullshit website very soon.
my website = www.benbien.com, it is under development so stay tuned, friends and bitches (TMK)
Yo, i can understand TS, for he do have records about picking right stocks, what the hell are you ben, you have no credentials and dare to pick on TMK, lmao. I watch him (TMK) mades thousands in his chat room, yet, provide free advices and help to other like us. Why don’t you come back picking your nose and take ur meds ben, and while you at it spend more of your dough to fix yourself up. That better than loosing ur doughs in stock market.
Think Ben, think, use your head. why TS had to post up a hate post on his blogs about TMK. It wasn’t because TMK is no good, thousands of other so called analysts and f.u advisory services are no good too, and he ignored them. Yes, if u dig a little bit deeper, you will see jealousy is at work here. TMK up in 3 months from 8.5k to 50k and we watched him made picks everyday. It was TMK style and his success that spawn the hating posts. LMAO.
if it’s not real, it’s not really success.
Arthur, if you say that TMK is helpful and shows that he makes good picks in his chatroom or forum, then I will take your word for it and accept that I am a jackass prick for saying what I said. I just wanted to join in on the bashing and there was no personal malice intended. We’re all YOUNG guys here who trade on a daily basis so I don’t see why it is expected for us to be all gay and civil to one another. Every man has an opinion and I joined in with Sykes because he made a good point. But yes you’re right, I have NOTHING compared to TMK so I shouldn’t be talking too, but the claims made were not about me. The claims made were about TMK. If he DOES have ‘SOMETHING’ then there out to be some more substantial proof behind it, that is all. If you say there is, then I will accept that I am wrong and that I am an ass.
Tim Sykes, I wrote a post on my website which explains what went wrong with my UVSE trades. I wanted to clarify that I DID NOT “lose everything” with UVSE, and I have just pointed out all the mistakes I made in the post. If you do care about what really happened, and I do not expect you to, I invite you to skim through the post:
http://benbien.com/?p=203
P.S. I do not expect or pretend to think that anyone cares about what I do, so if you do not care then that is fine and I am not asking for anyone to read my work. I plan to write my trading log entries for the primary reason of improving as a trader, because when I write out the posts it helps to realize the mistakes I made. If you do not care, that is fine and I do not expect you to check out my site. Thanks!
No problem Ben, I wish you good trades :).