This Is A Message To My 1,600 Covestor Followers
Posted by Timothy Sykes on Tue 16th of Sep, 2008 12:54:31 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 joke of an industry that’s 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.
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 PennyStocking instructional DVD package, learn more + read reviews HERE and don’t be so fat and lazy to have to rely solely on me for picks/trades anymore) to Short Selling, which often requires the borrowing of shares to short ahead of time (aka you gotta reserve shares in.
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. Boo hoo, it’s a tough life for you multi-millionaires.
Basically, autotrade will never work with my ideal Short Selling 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 or earlier morning watchlist emailed to you and posted on the subscribers-only TIMalerts.com website daily. 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.
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 500+ 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.
TIMstore Monthly DVD Specials:
See all TIM DVD specials HERE
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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%)
