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Critiquing One Reader’s Email…4 Important Points To Remember

Posted by Timothy Sykes on Thu 18th of Sep, 2008 02:35:19 PM
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Just got this email in my inbox and felt the need to respond:

Hiya Tim,

Just a brief message to thank you for your teachings and another testimony to your approach.
I opened my account at TOS nearly a month ago (13/08) after had read your book, studied and (I have to admit only part) of your dvd set,
and went through a lot of books (especially Brian Shannon’s Technical Analysis was an interesting read).

To date and after only about 8 trades I am up more than 20%! Sure I lost too, once!
Exactly when I got cocky and decided not to follow your advise on TIMalerts and even against my own judgement…

I started my account with USD 5K, my target is to double my input hopefully by early October

The only thing now stopping me from making more is the bloody SEC day trading rule.

Anyway thanks for a great job man! If I reach my target in October you can put me up for lifetime support!!

Cheers Tim

I love getting emails like this…not only cuz it’s nice to know my hard work/products are actually helping people but because it allows me to reinforce/reiterate key lessons and concepts. Such as:

1. 8 trades and you’re only up 20%? The average TIMalert has been a 10% profit…shooting for 2-3% profits might feel nice, but your risk/reward sux.

2. Never get cocky in trading no matter how much $ you make.

3. The pattern day trading rule does suck, it took me 9 months to get by it, what a waste!

4. Never set goals in trading…you start to force trades that aren’t there, it’s ugly. Trading as if each trade is my last is the mindset that has worked best for me cuz then I have the patience to wait for ideal setups. You guys know I’m an impatient / greedy Jew, waiting until the very last second / perfect chart pattern where I can’t stand not being in a trade is a daily battle.

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  • jeanpaul66
    All points well taken Tim.
    I'm in fact the author of the above article and can only, red in the face, admit that, especialy if you're new to penny stocking, its so easy to get carried away, screw up and set stupid goals. The good thing is Tim is there to put you straight , in his own style :-) as well as the crowd at TimAlerts. Looking forward to see that Chatroom in action.
  • marketgirl
    hey tim..do u consider shorting any of the crappy gold stocks that are spiking just because gold is going higher?
    eg. GBN, lihr
  • Timmmay, what exactly is the pattern day trading rule? Yes, I've searched many of your previous entries and tried to google it, but only coming up with BS and hits about yesterday's crap on naked shorting. Can ya help me out? Also, does your mother still come by the apartment to clean? Just watched episode 5 WSW season 1, you didn't "win" those cuffs from Dave & Buster's either... Liar!
  • Jeff C
    Love the new site Tim, much cleaner look...
  • yes thought about shorting EGO and TRE, too slow.

    pattern day trading rule, do a search on this site, i got tons....my mom quit

    glad u guys like the new site
  • OptionsTrader
    Hey Tim, any thoughts on NCT?!
  • YngvaiMalmsteve
    Hey, Tim, it's possible that this guy wasn't using all of his capital on his 8 trades. If he was only using a portion of it per trade, then I could see why his overall account isn't up higher.

    20% on an entire account in less than a month is still pretty good....better than the vast majority of people out there.
  • YngvaiMalmsteve
    And yes, the PDT sucks....big time. I feel like I have my hands chained behind my back when trading.
  • OptionsTrader
    Thought you guys might enjoy this link...: http://biz.yahoo.com/rb/080918/shortselling_cuo...
  • jeanpaul66
    Yngvai, I was indeed only between 10 and 20% of capital each time.I didt look at this way. Today I'm up close to 37% . Once I am more confident with my Entry and Exit points I might use bigger portions.But on average my TIM alerts did return lower profits as Tim.
  • El Kabong
    For anyone who was confused about my last post. It was an attempt to be humorous.

    Tim brings a great perspective to an otherwise rigged game.

    Keep up the good work.

    I'll be serious from now on LOL

    Ka-bong
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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%)