EliteTrader Debating Me: Step Right Up & See How Ignorant My Haters Really Are, They Must Be Investment Bankers!
Posted by Timothy Sykes on Tue 25th of Nov, 2008 03:25:45 PM
Tags:
A few people sent me this link saying that the fine folks over at Elitetrader were debating whether my 195% return, now 209% after today’s 15% gain, or $1,700 on SRI (detailed post, TIMalert testimonials galore coming soon), $12,415 to $38,367 since November 1, 2007, was real.
And whether my subscribers/DVD students were actually making any money.
A few comments I see from the mental midgets–no wonder why 90% of traders lose $–like:
The biggest thing is that Sykes is notorious for fantasy shorting impossible to borrow stocks.
I’m sure Covestor doesn’t impose a “locate” on those stupid fantasy trades.
The whole site is a joke.
No locate = no trade = NOT REAL RETURNS.
So that makes his 195% return mean nothing.
A meaningless stat like that is exactly what snake oilers like Sykes use to lure in the newbies.
P.S.- His lemmings are just piggybacking his trades, hence the same returns.
Sharpe ratio of 957.24 and return of 3,612%. That’s realistic, I can’t imagine why he isn’t managing a couple of billion, just sayin.
By the way I have no ill will towards him, but come on surf you mean to tell me he isn’t gambling?
Sykes is just a used car salesman. Go to his site. The guy is selling anything he can. His trading style is fine for guys who want to trade 100 shares of some illiquid stock and make 30 dollars a day. Who knows (or cares) if his trades are real. Who knows if those stocks are shortable. The guy blabs about having a huge return…..well….if you dont want to make real money then go follow his lead. His strategy is ok for the retail guy with 5k in his account who wants to supplement his real income with some extra cash.
Not for nothing….but we are in a bear mkt……when things turn and the mkt goes into an uptrend his startegy will be rather useless.
You made the point better than me. He is selling a product that is basically a gambling system. And the odds are stacked against you because of the nature of Penny Stocks - low volume, big swings.
I would venture a guess that the vast majority of his subscribers lose money…and many b
Wow, where to begin…I guess I’ll take one ill-researched assumption at a time:
1. For the 83874738483rd time, Covestor taps into real trading accounts, it’s not fantasy trades. Get that through you microscopic brains. If I can’t find the borrow on a stock, I can’t trade it and Covestor can’t verify it. Go back to your shanties!
2. 195%, now 209% means nothing? Maybe not to anybody who loses money consistently, considering they can’t even fathom such an annual return, but to everyone who wants to earn money in the stock market, it’s incredibly important. And when it’s verified like Covestor does, that means I dominate all other gurus/this joke of an industry. Bring it bitches, you got nothin!
3. You’re right, I’ll never manage a couple of billion, its a limited scalability strategy, hence me giving it away…I tried telling these retards when I first was on ET, but gave up when I found out most posters were illiterate.
4. When the market turns, I’ll be in heaven with tons more potential plays since I SHORT INTO STRENGTH. Notice why my watchlists are 20-30 stocks long when the market goes higher? My god these posters must be investment bankers, their inability to research is astounding!
5. 100 shares of an illiquid stock? Uhhh, I trade on average 2-3k shares and I’m usually no more than 1-2% of the volume. Wait til my account grows, can’t wait to slam my everybody-crushing (%-wise people wake up) results down these pissants mouths.
6. Actually since I pick my setups extremely carefully, I believe the odds to be on my side each and every time. The moves aren’t random and as my instructional DVDs teach, they’re pretty easy to differentiate between all the patterns and variables. As for my students losing, well that’s tough considering I’m right about 80-90% of the time, but I’m sure some do lose.
I could pick apart dozens more comments, but it gets old, those were the main assumptions and I have better things to do, like celebrate my massive gains/income from my biz model.
TIMstore Monthly DVD Specials:
See all TIM DVD specials HERE
TIMfundamentalsMy TIMalerts & PennyStocking Daily Research Explained! Read More about this brand new DVD HERE.
$397 USD
Read Testimonials 2
*SAVE $150!*
Pennystocking Part Deux
+
TIMfundamentals
$749 USD
Related Reading
69 Responses
Other Websites Referencing This Post
Leave a Reply
TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 2 | KIRK | $10.60 | $11.53 | $1377 |
| June 30 | ISRL | $107.97 | $118 | $985 |
| June 24 | LZB | $4.53 | $4.81 | $1240 |
| June 17 | GWSC | $1.86 | $2.76 | $2679 |
| June 15 | SHZ | $1.66 | $1.83 | $280 |
| June 15 | SPNG | $0.11 | $0.18 | $630 |
| June 12 | JAZZ | $2.84 | $3.26 | $380 |
| June 12 | MAPP | $9.68 | $10.07 | $565 |
| June 8 | HEB | $3.00 | $4.18 | $334 |
| June 3 | GROW | $8.64 | $8.96 | $740 |
| June 3 | SYMX | $1.21 | $1.11 | $940 |
| June 1 | USCN | $0.55 | $0.86 | $260 |
Total: $65,674 (421%)
What I think is the funniest is when you pair these two statements:
“The biggest thing is that Sykes is notorious for fantasy shorting impossible to borrow stocks.”
“P.S.- His lemmings are just piggybacking his trades, hence the same returns.”
It is either one or the other. We can’t piggyback his trades if they are fantasy trades.
now theyre bashing me for making so little $ from trading, they dont realize when my account at 100k, i’ll make 100k+, not that its matters are whats more important is how much my students/subscribers make
YoungGunz,
Warren Buffett, the greatest investor who ever lived lost 50% of his investment in GE and GS in one month. His net worth is down 50% this year. You’re calling me out on my oil prediction. Oh, I was 100% wrong on that yet 100% right in the direction the economy was going. I said 6 months ago this economy is going to see a Great Depression.
I didn’t say anything negative about Sykes. The guy is one smart salesman. He’s taking in 30K just on his alerts. The only one I see profiting is Sykes. He has enough clients now that give him the power to manipulate share price in the stocks he’s shorting. No better than the stock promoters that buy a stock then tell their followers about their magic pump. When Sykes first started his TimAlerts I remember him hitting blanks. It wasn’t till he had enough subscribers that he started batting 100%. Let me short a $3.00 with 200K average volume then tell 1,000 of my followers to short it. Gee, I wonder what will happen.
^ Pathetic.
tommy, if i was really manipulating stocks, my subscribers would short, push the price down and then cover, pushing the price up, while in reality the stock drop and then continue dropping even after i cover cuz theyre good picks…most timalert subscribers arent even trading, they’re just learning
What idiots like that don’t realize is that it isn’t about doing the same exact trade that tim does. It is about learning what to look for and being able to trade on your own….Yes it is great to do his trades as well. But there are other stocks on his list and not on his list that are the same pattern……If you really want to learn….learn form someone who is actually making money….not some broke ass guru claiming to know what they are talking about…..
go post on joe, we dont need your whining here, i’m sorry you’re down 40%, its not my fault
Tim, take those comments as compliments and free publicity. “There is no bad publicity”.
See, you even got more haters to your web site to post comments! That means some will convert, and that means more money for you.
Joe, “timothysykesexposed” is not Tim’s work. It is some bastard spamming marketer wanting to bank of Tim’s success. See this post:
http://timothysykes.com/2008/1.....posed.com/
Tim, your marketers are getting annoying at times. You should give them less commission, or punish them for giving you a bad reputation at times.
I like being called a “bastard spamming marketer” - thanks for the compliment - mucho appreciated. :D hahaha
WELL THEY ARE RIGHT, WHEN THEY SAY IF ALL YOU HAVE IS 5K IN YOUR ACCOUNT THEN GO HAVE FUN, WELL MOST OF US STARTED WITH A SMALL ACCOUNT FOR ME IT WAS 26K NOW ITS 36K….10 GRAND IN 4 MONTHS IN THIS MARKET, COME ONE ITS A NO BRAINER..TIM IS A GREAT TEACHER, COACH, AND MENTOR. I WISH THERE WEREN’T SO MANY HATERS OUT THERE! OH WELL, HAPPY TRADING.
jkrakowski - You suck big time. You are worse than a used car salesman. Stop your stupid spamming emails. You are a sicko to want to be called a bastard. Oh, unless you really are one. Wait, didn’t you just admit you are one? LOL you prick.
TIM WHY DONT YOU SEND ALERTS BEFORE YOU HAVE ALREADY SHORTED STOCK??!!??!
joe ya little bitch, trading is not my fulltime biz, i’m in publishing u neanderthal…read my monthly blog posts, i make decent bank…without leverage, without trading every day and stuck below the pattern day trader rule for 9 months, my 26k is fine…wait til next year, and the year after and the year after…my publishing profits should rise in tune
TIM WHY DONT YOU LET YOUR SUBSCRIBERS KNOW ABOUT YOUR TRADES BEFORE YOU ARE SHORT TELL ME NOW. BTW I DONT TRADE WITH LEVERAGE I USE OPTIONS.
TIM SYKES FLEECES NEWBIES HE TELLS YOU ABOUT WHAT HE IS SHORT IN AFTER IT HAPPENS AND HE TRADES POS STOCKS SO ILLIQUID THAT EVEN HIS WORD MAKES A DIFFERENCE.
TIM ANSWER JUST ONE QUESTION SINCE YOU WONT TAKE MY BET. WHY DONT YOU TELL YOUR SUBSCRIBERS ABOUT THE TRADES YOU ARE TAKING BEFORE YOU HAVE TAKEN THEM????
also tell me wether or not you think it is beneficial to you to let your subscribers know what you have already shorted after the fact.
uh, joe i do send out a daily watchlist 99% of my trades stem form that watchlist, do some research u dumbass
usually does. this time though SRI wasn’t on the watchlist :(
it’s funny how nobody on elitetrader shows what stocks they are trading. they all block them out of their screenshots. they also hide their amt of money they’re trading with. why does that need to be hidden on something called elitetrader? too elite for full disclosure?
the pattern would be the same regardless
zykosis you are a fucking idiot if you think that 30,000 people waiting to short some penny stock POS would not make a difference. Ask TIMMAY wether or not he had positions in every single stock he has been a winner on BEFORE he sent alerts.
30,000?
Why do you think he is not answering????? I bet you right now he is throwing a hissy fit trying to figure out wether or not he can legally get out of this if he tells me no.
if may slightly help the downward momentum of the stock. first off theres not that many timalert subscribers, and there’s not that many making the actual trades, i bet 90% of them are just observers or make 4 trades a month. 2ndly , they don’t have that much money. lastly, if the most was caused from timalerts alone, when the subscribers have to buy to cover, the stock should be in the same spot as when tim went short right? or higher?…
ok do 300 you ass monkey at 2 dollars a share if on average a person sends 1000 which is only a 2000$ position. that is 300000 shares of stock on a POS illiquid company. you really think 300000 shares wont put a dent on a penny stock or any small cap for that matter???
buddy, my alerts are when i make a trade, not meant to be followed, meant to be learned from…this is how a small trader becomes a millionaire, watch and learn and if u learn well, u can make $ too and not be so bitter
ok how bout this just answer me one querstion…… IS IT BENEFICIAL FOR TIMMAY TO SEND HIS ALERT AFTER HE IS ALREADY SHORT
So then TIM ARE YOU SHORT THE STOCK WHEN YOU LET THE ALERT GO
its a simple question. yes/no
why are you so angry, lol. trading is easy man.
it’s a $4-$5 stock, how much money do you think subscribers have to put on a trade? stop pulling #s out your ass. whered you get 300 from..how could you possible pull 300 subscribers out your ass on a particular stock trade… it could have been 3 fuckin people with 1k shares that participated in this move…
I will make you a deal if i dont have to read about this egotistical monkey anymore i will not school him anymore on his own site. You think you know what you are talking about i am up 7 digits this year and am willing to prove it if tim sykes comes out of the wood work and bets me 100k my gains are better than his/ Take your penny stocks and shove them up your ass.
i just wanna know why SRI wasn’t on the watchlist lol. looking back it seems like it was obviously a good pick.
TIM ARE YOU OR ARENT YOU ALREADY SHORT A STOCK BEFORE THE ALERT COMES OUT
yea ok, you make that and you’re arguing with this “egotistical monkey”….you’re really out there.
Be careful the way you answer this because i will take you to the cleaners for fun since you are a snake.
DOES IT BENEFIT YOU BEING SHORT BEFORE THE ALERT COMES OUT
i have going to have to leave this discussion. i have a 7 figures to make, excuse me.
zykosis is a fucking idiot…… a.k.a. Tim Sykes. I will make a new bet that tim and zykosis have strangely familiar IP’s
then take me up on the offer prove me wrong. I have stated as clear as can be i will prove it for the right price.
Zy, Tim has over 800 subscribers, maybe even more than 1000 now. Read his blog posts and the comments.
However, Tim said not all his subscribers mirror his trades, but who cares as long as Tim makes money and keeps sucking new subscribers, and the old subscribers are too lazy to cancel.
Joe
My goodness such hate and contempt, I’ll bet your mother is proud. If you put the effort you have here into somethng else you could probably do anything.
WOW 1000 SUBSCRIBERS CONGRATS TIM!!!!!!!
Now lets see your most recent alert is RBCAA which traded 153 THOUSAND shatres today 1000 subscribers times 500 a share (since they are all morons who would follow you) only equals 50000 shares OR HALF THE DAILY VOLUME. I personally can not see how this might have an impact on the stock.
don’t tell me to read his blogs :/ i’m been a subscriber since day one lol and haven’t made a trade after a timalert since. they’re mostly just observing, and not every single subscriber is in on every trade, because they’re lazy, or because of PDT rule. and i bet even some of them think it’s too late to make the trade once the tim alert is sent out. it’s for learning purposes, not to mimic
TIM IS IT BENEFICIAL TO YOU TO BE SHORT A STOCK BEFORE ALL YOUR CUSTOMERS(LEMMINGS) GET THE ALERT.
joe last response right now, my subscribers need to cover their shorts too so if they all short and all cover, the stock is unchanged and nobody wins…unfortunately for u, lots of subscribers are banking and the stock usually keeps going down, hmmmm
OMG This is too good to be true Tim is it beneficial to be short KVHI (IF you even found a locate) before your subscribers knew. That one only did 20,000 shares today. Thats 1000 subscribers times 2 shares a person. 4 dollars a piece alll the average subscriber had to come up with is 5 dollars to benefit you.
So time you did not benefit in any way by your subscribers shorting KVHI after you???? Hmmmm…… i have a feeling my buddy at the SEC might wanna know about this…… why dont you answer the question DID YOU BENEFIT BEING SHORT KVHI BEFORE YOUR SUBSCRIBERS DID.
I think the SEC is dealing with important things
I am reporting you to the SEC tonight TIM we will see if they think yiou are benefiting from being short before you tell all these guys you are.
joey dumb dumb, i play these stocks when they’re in play, looking at them afterwards just shows u how incompetent u r…somebody buy this fucker a dvd