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Is Stock Trading For Everyone?

Posted by Timothy Sykes on Tue 21st of Oct, 2008 04:49:22 PM
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In this solid post, my web designer/business partner Pallian asks this very question:

He goes on:

I’m a gambler - I like taking big risks and 90% of the time, my gut instincts have been right. But for some odd reason, I’m having absolutely no luck when it comes to trading stocks. In spite of having TIM right next to me giving me unlimited stock advice, I tend to ignore his rules and trade stocks that are not even on his radar. And as expected - I end up losing big. Why is it that I’m trading so erratically? Am I a victim of the Erratic Trading Syndrome (I just made this up - don’t google it!)? It got me thinking - is stock trading for everyone? Am I the 99% of so called traders who lose money consistently in the markets? Have I become a statistic?

I enjoy going to the casinos - 90% of the time I make money on the blackjack table. My girlfriend, on the other hand, hates the casino. So the one time that I did take her to one, I sat on a table and walked out doubling my money in 2 hands of blackjack. She was still not impressed. But now, I’m applying my same gambling instincts to the stock market and it’s just not working. I bought 50 shares of RIMM at $66 when I thought it hit the bottom - and look at it today ($57)! I bought 200 shares of MS at $22 thinking that was the bottom - and look at it now ($18). I’m not sure why I even play these big stocks - none of them have made me any kind of money - ever. Today I shorted MKTS after listening to Tim’s alerts and I finally made some money.

So - should I be listening to Tim from now on and forget all my gambling habits when it comes to trading?

Amazingly, this is soooooooo common. People get into trading because they want to make $, gamble and have a little fun.

THIS IS NOT THE CORRECT WAY TO START TRADING!!!!

Trading all the most popular/random stocks like RIMM, GOOG, BIDU might seem fun, but when your odds of winning are somewhere around 50%, you have no gameplan for when things go right/wrong, have little to no discipline in regards to gain/loss cutting, you’re pretty much setting yourself up to fail.

And when you fail, you’ll blame trading for being random when in fact you only have yourself to blame for you haven’t done the research, you have studied any educational materials and you went into a game that is stacked against you and you didn’t even realize what the hell was going on!

I know, I know–I should be patient and explain the correct way to view trading, that is by studying patterns and variables until your eyes are red and sore, understanding your strengths to your advantage (example: determination, reason) while minimizing your own personal weaknesses (example: impatience, ego) in order to formulate a specific gameplan as to attacking and profiting form these patterns and variables , in order to prevent people from becoming part of the 90-95% of “traders” (PS if you continually lose without changing your approach, you’re not a trader, you’re an addict/loser) who continually lose $.

Well, I am a trader and I don’t have patience to explain the basics over and over again in blog posts. I’d rather use these posts to explain to you mental midgets that I created an entire set of educational trading DVDs so you can just buy them and leave me in peace.

Of course, AFTER you watch these DVDs I’m more than happy to answer any and all questions because then at least you’ll have some grounding in how I continually make $ and how it’s possible that I can be up 150% in the last 12 months even while making tons of mistakes, dealing with the ridiculous pattern day trader rule all while spending the majority of my time blogging, working on my new websites/DVDs and taking cool little mini-vacations.

In short, I do believe anybody can trade, just like anybody is capable of going to college. In both cases, you have to study your asses off as the better trader/college student you want to be, the more you’ll have to study/prepare/go over course materials again and again so as to better understand the subject matter.

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  • Adam
    Totally agree, its a skill that you learn. Patience is a tough one to master. Stocks move at different speeds and you have to learn to slow down at times to take advantage of movements. That can get very hard to do if you have ADD like most of us do
  • Michael
    I think you need to get rid of your whole gambling philosophy before you start buying stocks. You do not have gambling instincts, because there are no such thing. If you are right 90% of the time, clearly you would be gambling 24/7 and putting casinos out of business. Of course in the short term you could walk out of a casino with some cash, because blackjack is almost an even game if you play it perfectly. But in the long run, you will lose just like every other game that favours the house. Buying stocks is a little more like poker, skill with chance. If you play well in the long run you will win. Blackjack is worse than a coin toss and in the long run you will lose, not win 90% of the time as you claim.
  • John
    I think your blog will become more popular if you cut out the advertising that you plant in every post. Instead, try to instruct people and teach them your ways so people will come back and help you earn your website traffic and advertisement money.
  • Greg
    Finally TIM produces a blog post that if not insulting and useful.

    Try to stick to this formula TIM.
  • Adriel
    I believe the reason he always advertises his products is because people are skepitcal of this really working and so he doesnt have to be asked so many questions. Oh and of course for the money. lol.
  • bluintheface
    read the blog again there are clues to the learning process
  • Reaper
    Every comment is in bold for me. That is annoying.
  • This is perfect! If people got this one thing, they would discover EXACTLY what is holding them back. So often we think that we can get a huge result with little effort. That is a lottery mindset and poverty and destruction is awaiting whoever buys into this load of sh**! Seriously - if people got this one thing that it takes Skill, Knowledge, Ability, and Practice, they would be successful.

    But isn't that 97% of people? We want something for nothing - NO! !@$@#$ You don't make money in stocks until you bring VALUE to the marketplace - and how do you get that value? By getting the skill!! And how do you get the skill?

    Go - RIGHT NOW timothysykes.com/store

    Get the DVDs - get the alerts - then you will find the answer
  • YOU SUPPORT TIM
    TIM can't make it trading, so needs to sell DVD's. Why buy them if the master can't get the system to print money? Oh yea, cause you suckers buy them....wow, gotta love america. I have a system also that doesn't work, send me $16,000 a month to tim@aol.com
  • T
    If you compare stocks to gambling you sure can just don't compare it to blackjack incorrectly in black jack you can count cards to help increase your chances of winning this is like technical analysis in the stock market in my opinion.
  • wnkender
    It's amazing that he can win at blackjack 90% of the time...share strategy please?
  • 7:03pm guy, as i've said over and over, pennystocking gains are limited...of course lots of people are happy making a few extra grand, seriously idiots, the time to knock me is when i'm not performing, not when i'm up 150% in 1 year and my subscribers are all happy
  • johnnyb
    tim,

    you would never be up 150% if you were trading with some real money..... like you said yourself your strategy is for people with no money who get a hard on when they make a few grand..... Tim, why don't you teach people how to handle real money ... o wait you failed miserably at that with oyur hedgefund... which for the record was not even real money. you are pathetic
  • exactly johnnyb, my strategy doesnt work with millions which is why i've gone the teaching route...thats its gift and curse...doesnt matter though cuz its not only gonna make me richer to tech thousands of people to make a few extra grand, its also more fulfilling to help a large amount of people rather than just a few rich pricks...dont be angry little cubicle monkey, just profit alongside us and u'll feel better about your 50k/year life!
  • buy the numbers
    jonnyb

    Would you spend $29.95 per month to make $2,000 per year?

    Would you spend $29.95 per month to save thousands on poor trading stratagies?
  • black aces
    wow!!! I am new here to this site. But, I must say that for the last five days Tim, I have been reading everything I could about you and your strategies. I am very interested in you methods.

    And to Johnnyb, yes, I am one of those who would be happy with a few thousand dollar profits. My question to you would be, are you a millionaire? Have you even touched the million dollar point? If not, you are in the same boat as anyone else here. I highly doubt that there are too many millionaire traders that are browsing this site? So sit back, pipe down and enjoy the ride.

    buy the numbers... you hit the nail on the head.
  • Why would any gambler that is right 90% even consider playing with the stock market? If you were right that often you'd be a billionaire.
  • not true longshort trader, i'm right about 90% of the time on my trades, but i'm not gonna be a billionaire cuz my strategy isnt scalable...gift and the curse...of course i will become a billionaire through DVD sales and seminars as theres a huuuge market for teaching others how to profit 90% of the time
  • Michael
    If the strategy isn't scalable, how can a many many people follow the exact same alerts? Isn't this basically like one person with a bunch of money investing?

    And if the answer is that everyone here doesn't have much money so it doesn't add up to a lot, what happens when it grows and does equal a lot?
  • Julia
    Tim, I'm a girl trader. Maybe you remember me? Probably not... Is it true that girls are not so good at trading? Do you know women around you who trade?
  • Julia
    One more thing.. I am on your side. There are not so many young traders like yourself who have done so much. You went extra mile to help so many people, when other folks your age are sitting on their sofas playing video games all day long.
  • First time here, saw Tim on Wall Street Warriors and must say....I was impressed! I have always been interested in day trading (I sell real estate now) and Tim's strategy is profitable and is geared toward the little guy with less money to put to investing which is a refreshing change. For the record, I would be happy with seeing a return of a few grand here and there....the key is knowing what to do with the returns...i.e. diversify into other things...as Tim has done with the DVD's etc. I wholeheartedly believe he will make more money from the information he's selling than his actual trading because everybody wants to make money.

    I wish you the best Tim, keep up the good work.
    P.S. I'm not sure if you're still based in NYC but I'm in CT and looking to do some real estate business in NYC.
  • I wandered over to Pallian's web site. He should stick to what he's good at.
  • I lost a cool $5,000 when I tried trading stocks a year ago. It's definitely not for me.
  • Name
    dont listen to him
  • Bob
    shut it no name this guy knows whats up!
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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%)