A Sweet Chart & A Milestone Reached:

Posted by Timothy Sykes on Tue 25th of Nov, 2008 06:39:22 PM

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1. There was a classic morning spike on YRCW today, the kind of intraday chart pattern I talk about at length in my new PennyStocking Part Deux instructional trading DVD:

Not something you want to open yourself up to…ever….if you’re a short seller. FYI all my shorts emailed/text messaged to TIMalert subscribers are picked very carefully as I’m only too aware of this dangerous pattern.

Actually not a bad pattern to try to buy into.

2. Reaper, one of my greatest PennyStocking DVD students and one of the few TIMalerts lifetime members, reached the coveted $50,000 profit milestone today:

My total TimProfit is now at $50,140.08! (net of commissions)

Some stats:

Average 8839 shares traded per day

Profit from following TIMalerts: $17,288 (avg profit of 4.3%)

Profit on my own trades using Tim’s system: $32,851 (avg profit of 0.48%)

The reason my own trading margin is so much lower is that I lost a little bit of money trying to trade Tim’s system on my own stocks at first. Also, I trade in and out of positions a lot.

My weighted average profit margin on all trades was 2.64%

While I have a big account, I only used more than $25,000 on two big trades (USS and SIL), netting me $30k.

So my other $20k in profit comes when my average position size is under $10k. Not bad.

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Related Reading

4 Lessons Learned From $31,559 In 2009 Trading Profits… July 15, 2009
Pondering Offering A Lifetime TIMalerts Subscription Option… August 14, 2008
Jew Yahhhh…This Is What Being A Stock Guru Is All About September 27, 2008

YngvaiMalmsteve

YRCW would've been a great short if you shorted around $3.80ish....hence why Muddy and 13th like shorting those big, fast spikes near round $ marks

michaelangelo

Tim,

Its been very helpful to have the watchlist the nite before
the last couple nights. More time to study charts, especially for
those of us trying to learn and that are much slower at it.

Now send me my darn DVD's!!! :-)))

Reaper

Why the hell did everyone miss SIFY? I've got the flu, in the middle of selling some commercial property I own (at a 100% loss, booyah!), and still I caught it in pre-market and right after the open. APP, though not up a ton, was straight up into Monday's close, and it didn't gap down. Somebody shoulda, as they say, "tapped that".

Didn't get even half of SRI's downside, but with so much else on my mind I'll take the gain.

BTW, got my 1st touchscreen monitor today. It is nice. For entering orders from level 1 with IB it is much quicker than using a mouse. Touchscreens 2 and 3 have already been ordered. Elo 19" Intellitouch if anyone cares: http://elotouch.com/Products/LCDs/1928L/default...

Muddy

Longed YRCW on the even $3 cross took it to 3.88 and flipped it short at 3.76 taking it down till it dropped back to the even 3 mark.
One of the better trades of the day along with hopping SRI short RIGHT OUT OF THE GATE on red...nice no sweat 16% there

LMsmith...great LEN trade today..I was right behind you short at 7.20,covered eod at 6.10..like you said..easy pickings there

Muddy

I was calling SIFY right from the get go in chat,IL too..nailed that too on my call right at open

Pallian

Hey Reaper - does the touchscreen work on macs as well? And how much did it cost?

Timothy Sykes

new post:

http://timothysykes.com/2008/11/26/photos-react...

Reaper

Pallian -- I think they work on Macs. I chose Elo because they had good drivers for Vista 64-bit. I got mine from Provantage, $722 including shipping for a 19". There are cheaper ones available, but I wanted a higher-quality model.

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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)!

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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%)