To My 2,400 Covestor Followers & Everyone Else: 7 Facts
Posted by Timothy Sykes on Sun 7th of Dec, 2008 09:33:28 AM
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Considering how many emails I get from people asking why I only write about my trades after the fact:
1. Uhhh this blog is free content, all the watchlists and trade details you see here are delayed. If you want them real-time, you will sign-up for TIMalerts, which is my premium real-time trade alerts service, a subscribers-only website in TIMalerts.com, chat and text messages all in one.
2. Yes, look at the Covestor rankings and you can see me dominating now 10,000+ traders/investors. I’m not that great a trader, most others just suck. Seriously. PennyStocking is ideal for those with small accounts–think $2,000 to $50,000–because I teach you to use your small size to your advantage, even Warren B. wants these % returns.
3. Yes, nearly a dozen of the top 20 people on the Covestor leaderboard are TIMalert subscribers and/or PennyStocking DVD students. Total TIM domination. Not arrogance, this is a fact.
4. No other “guru”/newsletter has soooooo many daily testimonials. This is a joke of an industry and it is my duty to change it or die trying’.
5. Covestor will eventually allow you to auto-trade off my trades, but it’s no easy task so for now if you want to know my trades you will sign up for TIMalerts. Stop emailing me and making me write these repetitive posts, they’re bad for my Google rankings.
6. I’m up 212% in the last 13 months (see all the trades broken down here), not 3,000%+ as Covestor says. They ignore the cash in my account to prepare for the auto-trade feature. By their stats and common sense, I should go all in on every trade, but I can never promote that because most of you, as proved beyond a shadow of doubt by your emails and comments, are complete morons incapable of sticking to the basic rules outlined in my instructional dvds. Therefore I have no choice but to be your role model and trade conservatively…somewhat.
7. I am a nice person, but I don’t have to be nice to you because I have no patience and you have no intelligence…PennyStocking intelligence that is. Until someone else comes along with a better track record, more honesty, more determination and a better sense of humor, you’re stuck with me. Start likin’ it or go somewhere else and be down 40% on the yea.r Don’t let the door hit you on the way out. Advantage Sykes. Welcome to heartlesstrading.com, it works on the battlefield, not off, don’t confuse the two.
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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%)
Since your strategy works I stick with you.
Keep up the good work Timmy boy!!
I know you prefer shorting, but it is clear from last week’s action that the market has a bullish bias through year end. This may in fact provide some nice shorting opportunities if the santa claus rally provides some textbook pump and dumps to short, but in the meantime I would strongly suggest looking for momentum/breakout trades on the long side. For the first time in months, I believe that you and your subscribers will be well rewarded focusing on small caps with bullish momentum, charts, etc. and going long . . .
M so one days move signifies the move for the rest of the year? What happens if the market is down 200 points Monday? Does that mean it has a bearish bias through year end?
Hey Tim, question, are you seriously going to let 2400 people autotrade you at covestor? My concern is, the trades you place are already fairly crowded with Timalerts people, adding the autotrade will probably make it too crowded for us to participate and too easy, thoughts? I think you should give us Timalerts people an edge.
M, I’m starting think Santa may fall on his fat ass! I’ve been calling for a Santa rally but am getting uncomfortable since everyone and their mothers is shouting massive rally.
Whats funny about this post is that heartlesstrading.com is available for registration!
Autotrade sounds dangerous. There is no guarantee that followers will automatically fill at Tim’s entry point, especially if there is a wide spread and low volume, as we have seen with IDAE and OGXI.
the market crashes and is down 40% this year, and tim sykes aka mr short seller has made $25K this year. Wow! To most short sellers, making $25K in 2008 is a BAD year.
I do give him credit for being a good salesman. he better milk these dvd’s before people realize that he is frontrunning his own picks and milking his own profits on these illiquid stocks at the expense of the newbies.
This industry is a joke, but sykes is part of the problem.
Ya I am not to keen on this autotrade thing….that could end up ruining potential trades….if people really care…then 30 bucks a month is nothing….What is 30 bucks when I made 500 in 2 days this week?
autotrading wont happen anytime soon and i’m not even sure how it’ll be done, we’ll see. and amazed: 25k doesnt matter, what matters is the % return, which is 212% and how much subscribers make, cant believe some morons still have problems with this concept, too funny
new post:
http://timothysykes.com/2008/1.....print.biz/
25K doesn’t matter? Can you smell what you’re shovelling? You’re a joke! The market drops 40% and you can only make $25K? LOSER! Of course you’ll fall back on % return, when I was 15 years old, I also had a $10K stock account.
GUARANTEED if you’re account began with $100K (which is still small), you would not be up even 100%. Let’s see how you do next year starting with $40K.
Yeah, $25K as a short seller doesn’t matter. yeah right
i’m amazed that u think i’m a fulltime trader….i’m amazed that u dont realize i spend most of my time blogging and creating dvds and i’m amazed that u dont have the mental faculty to be able to research that i’m making 50k/month on my publishing efforts…but i shouldnt be amazed, this is finance, where the dumbest people gather and actually believe they’re little thoughts are worth others time
Amazed, you are a freakin dumbass. Are you even reading what your posting? “The market drops 40% and you can only make 25k?” What part don’t you understand about Tim’s original investment? It doesn’t matter wether you buy 1000 shares or invest 50,000 dollars. What matters is your net gain on your original investment. I would encourage you to go to your local community college and take some night classes in finance.
LMAO—– good laughs…….Tims responses are priceless……