That’s The Bounce?!?!?! aka Die All You F%^&en Longs, Die!
Posted by Timothy Sykes on Thu 16th of Oct, 2008 07:04:28 AM
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In response to my post about the lack of capitulation in the markets and after not trading into the bounce the other day, some people were saying stuff “You just talked your people out of the greatest rally in 20 years“
Because I’ve been in this business for a decade and have studied market history more than anyone else I know, I brushed it off rather easily.
Because I have historical bear market perspective.
Because with my PennyStocking strategy, I’ll miss shorting tops and bottoms and that’s absolutely fine with me. After all, I’m up 144% in the last year, 99.9999% of people in this joke of an industry have nothing on me!
Because my strategy is better than those wannabe market timers, I aim to profit from basic market inefficiencies like hype and manipulation which are influenced by overall market conditions, but in no way dependent on them like the rest of the jackals, the majority of who spend their time practicing their sales pitches, meeting people/making connections and doing only the most elementary research/push the tough time consuming stuff onto their interns.
With the markets crashing again, looking like they might take out the lows set just a few days, now I say a big f%#& you to all those wannabe bottom pickers. You’re not smart. You’re not wise. You have less than a 40% chance, at best, of being right.
I don’t like those odds and even though I’m not that smart nor wise, my knowing that the odds of correctly picking the bottom are slim to none makes me better than you. It makes my subscribers richer than your subscribers. It makes my future brighter than yours.
Call it ego, call it my philosophy background, but I choose my battles wisely and when I see the greatest traders in the world going to cash and packing up shop for the next few weeks, I think to myself, I don’t want to take on much risk either.
To all you longs doubling and tripling your long positions, I hope you burn in the hell you’ve helped create. Sure, you may be right about the bottom–you did have a good day the other day, not that many of you took it because you thought it the start of something much greater, but your low probability trading is the punchline to this joke of a profession.
To all you patient people, learn your stock market history and realize November to May is the most bullish time, not before, not after.
And this is backed up with lots and lots of statistics, not gut feelings, not “be bullish” BS marketing created by firms leveraged to the hilt who are now paying for their many sins.
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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%)
