How My Blog Earned $53,788 As Wall Street Burned In September
Posted by Timothy Sykes on Thu 9th of Oct, 2008 04:18:14 PM
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God, I love putting up posts like this right on big down days in the market as millions of dumb investors are crying, confused as to why their blue-chip/value investments are getting crushed…welcome to the new world you friggin dinosaurs!
This getting-even-more-ridiculous-rather-quickly figure is down from $70k in August (many, many one-time payments) up from $45,000 in July (see July details HERE), up from $25k in June, $15k in May (those are estimated cuz they weren’t high enough for me to spend hours dissecting everything in order to brag about it)
Obviously it helps that my totally detailed trading account is up 107% in 2008 as the major indexes, gurus, hedge funds, basically everybody is down 30 to 40 to even 50% which proves just how amazing my little PennyStocking strategy…especially given that I’m not the only one doing well, my students represent the top 5 traders on Covestor!
Here’s the breakdown:
Trading Gains: $3,490
PennyStocking DVD: $14,244
TIMalerts real-time stock alerts service: $19,426
Website Advertising & Affiliate Sales: $13,728
TIMseminar: $1,500
An American Hedge Fund Book sales: $1,400
Total: $53,788
Some notes:
This is not my monthly income, that’s not as easy to figure out due to taxes, Pallian’s cut and expenses, but if I had to guess, it’d be around $35kish.
Book sales benefitted from my first audiobook payment, yes, you can listen to An American Hedge Fund on iTunes.
I gave one-on-one seminar last month, but it’s a better deal if you don’t mind a few other people in the room in Vancouver and Vegas, which you can signup for now.
Advertising and affiliate $ was down big over last month, but it was our best month ever since traffic–over 2 sites now, including TIMalerts.com too–has been strong.
Overall, not a bad month when everyone else on Wall Street is getting murdered, even though it may seem strange, conservative penny stock trading is a viable trading strategy.
Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 11 | IIJI | $2,79 | $2.95 | $442 |
| Nov 6 | CVI | $4.42 | $4.70 | $530 |
| Nov 5 | MECA | $3.68 | $3.95 | $490 |
| Nov 4 | CVI | $5.18 | $4.94 | $472 |
| Nov 4 | CVI | $4.83 | $5.01 | $333 |
| Nov 3 | NAK | $3.30 | $3.37 | $157 |
| Oct 31 | IDAE | $2.18 | $2.18 | $20 |
| Oct 30 | HSNI | $7.37 | $7.86 | $561 |
| Oct 29 | EVC | $1.97 | $2.70 | $1439 |
| Oct 28 | HSNI | $6.92 | $7.30 | $540 |
| Oct 28 | HSNI | $6.20 | $6.00 | $320 |
Total: $34,399 (177%)
Just when everybody thought market had washed out…. KABOOM !!!
Will spend next week full cash drinking mojitos in Cuba, don”t let this mkt bounce without me !!!!!
Nice work Tim- as always!
Your buddy Dennis Gartman coming on CNBC next lol
mybe he’ll give me a shout out, my article is usually top 5 when someone googles him :)
Tim, congrats. But come on, your strategy only works with small amt of money. And you have only just figured out what the Jon chows and forever21.com guys have been doing for the past 3 years… I mean I guess we should all put up websites and saturate the online media market now right?
Ride the wave as long as you can, just remember to put some chips away because I am sure you know it never lasts forever.
making $1k-$100k/year is not small money, thats the majority of brokerage accounts, i got about 25 million people to get to
I agree…. But I mean your spouting at the hedge funds….not much they can do there in an entirely different business plan than yours….
Also, how are you controlling risk?
so you made less than 4K from trading? Less than 6.5% of your income that month came from trading. The majority of your money comes from selling your DVD and your tim alerts subscriptions…
Why the hell would anyone want to buy stock tips from a guy who makes less than 6.5% of his income from trading stocks??????????!!!!!!
i control risk by alwayshaving my finger on the exit trigger….
mmhmmmm–guy, i know its a difficul concept for a mental midget to grasp, but there’s $ to be made by helping people make $ in the stock market…my subscribers rake in hundreds/thousands of dollars/month for a $30/service–my income doesnt matter, what matter is how much they make off the picks…LOL…too funny some people cannot understand this…if u dont like it though, go follow cramer or anybody else and be down 30%-40%
You are no John Chow. Yours just comes across as bragging. Nothing like putting out a “Look how much I made off you suckers” post. I think it’s great you make money but most of us are sad at how you do it.
bragging my white jewish ass…u want testimonials, go look at http://www.timalerts.com my people are banking, chow doesnt even report his monthly income anymore…u got nothin on me and i love that u hate how i do it, i live to piss people off because it doesnt matter what u think of me, u will remember that i have a trading system for small trades that crushes traditional measures
Dude! You’re coming to Vancouver!!! Well I’m so down to go to your seminar. A really loud, annoying smart bold guy like you will be a nice refresher after living in all this Canadian boringness.
But seriously, this city’s awesome I will try to see you there.
I watched your pennystocking dvd and I’m coming to your seminar in Vegas. One thing I don’t understand is that you say you don’t play stocks under 1million in volume but I get your alerts and a lot of them aren’t liquid. They trade between 25k-100k. Some of the great swings recently aren’t even over 100k. What volume do you actually play?
Schlao are you a dumbass? No im for real are you? How does the trading strategy work, but not to expect it work forever? I think the last past 9 years is enough to show it works. Why are you all here? If it doesnt work and its pretty funny how you guys are jealous of Tim’s profits. Come on, get a life people.
I have even more respect for the TIM. Where else would you find a post about your TRUE income! Glad to see your progress!!!!!
Yeah Tim, you really make me feel bad with this post, you don’t know how it pisses me off when I make a few hundreds with each of your alerts and you make $30 a month from me, darn you.
you wrote this on YOM KIPPUR? Arent you a jew?
i prefer stocks with millions of daily volume, but will go down to whatever as long as the setup is there
This video reminds me of how fundamental investors with their fancy analysis get nailed by precise momentum traders.
http://www.youtube.com/watch?v=2JZtajbGwYs
it’s sad when a so called “trader” makes so much more money selling chotskys than he does from actually trading.
It is incredible how the internet makes us aware of the brutal amount of stupidity out there.
You pay $20 000 for 1 car, you get a benefit that for you is worth more than the $20 000, company makes a profit, you get a benefit, everybody is happy
You pay $30 a month, you make several thousands a month, the seller of the service makes a profit, you get a benefit, everybody is happy.
If somebody has a point against Tim, say it, I have one against Tim, for me he is annoying, If I had went to school with him or worked in the same place with him, would have done my best to avoid him. But he is making me money, he has the best track record ever for helping investors with less than a million, he has an advantage and he sells it for a profit.
Stop displaying envy (a proof of inferiority), make your own honest $53k a month AND SHUT THE FUCK UP !!!!
yaw…what that other guy said….what are you doing working on a holiday…shouldn’t you be resting? by the way…do save the video’s of your Livestocking on the site?
Tim, what you’re doing is so damn cool! It’s so much fun walking out at 1AM while watching WSW 1 on my iPod. I’m about to head back out and listen to your audio book. Again, you are so awesome!
I am not jealous by any means, I love Tim, I like how he talks sh*t to the ivy league types and challenges the mold….but bragging to much kills it….Penny stocking works for until a certain threshold…. sure cramer has been off, but you cant compare the hedgies to your status.
Shclao, I was not refering to you on my previous post, sorry for the misunderstanding.
I agree with you in that is not fair to bash Hedge Funds since they have a harder time managing 100s of millions than Tim has managing a $27k portfolio because of all the scalability issues.
However, Tim still has a point on pointing to stay in the sidelines while uncertainty is huge and only entering when the odds are brutally in your favour.
While funds can not sell there positions at will, they can hedge by using using options and other derivatives.
Both in the small trader world and the big fund world, most of the winners are the ones that have the discipline of staying on the sidelines where odds are random.
A porof of this is Rev Shark’a sharkfund, having a 4year return of 81% as compared to -22% for the S&P 500. He mostly stays cash when things are uncertain and waits for strong trends to be in place and then rides it along.
Bottomline, Tim is her own annoying teenager cheerleader, but, sadly for some, he is damn right, and that is what I pay him for.
Tim’s GOT A BUNCH OF HATERS!!!!!!!!!!!!!!!! U r like a rap star tim, keep it real. Why are you people busting on his money making strategy..?? It’s better than a hedge fund redemption long commodities..
yeah haters can whatever they want, until other “gurus”/fund managers/ANALysts arent losign their clients 40-50% of their $, my little 107% return this year–completely avoiding the crash–is tops in this joke of a profession
How can you post stuff on the HOLIEST DAY OF THE JEWS(YOM KIPPUR)? Im just asking cause i thought you were Jewish? Did you renounce your religion? Even the unholiest secular Jew dosent eat and dosent go on his computer on YOM KIPPUR?
uh, i thought i renounced judiasm on wallstrip?
the only jewish part of me i have left is my cheapness and eye for deals