You Say My Strategy Is What? A Wakeup Call
Posted by Timothy Sykes on Fri 9th of Jan, 2009 03:10:00 PM
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As the popularity of my blog and TIMalerts has taken off over the past few months, I’ve gotten a ton of testimonials from people making hundreds and thousands of dollars–not hundreds of thousands….yet–and a few criticisms…
In no way will my strategy “get you rich quick”, but the odd are rather high, considering I’m right about 80-90% of the time, that I will continue to be right approximately that much–because any sane person knows that PAST PERFORMANCE IS INDICATIVE OF FUTURE RETURNS (as long as the variables remain constant akka if I get hit by a bus and I los ehalf my brain functions, I’ll be ont he same intelligence level as most penny sotck investors and so my returns will be like theirs, shitty)
So, I thought I’d summarize the critics arguments and repsond point-by-point:
1. Too many people trading the same pattern will collapse the pattern and create losses for latecomers
2. My returns aren’t possible, I must be manpulating stocks..my followers push stocks the way I want them to go.
3. The stocks are too volatile and illiquid
4. It’s dangerous
5. Penny Stocks are like the Wild West, they move randomly
6. It’s not scalable
1. If you’ve watched my instructional trading DVDs, you know I don’t just trade off one pattern, it’s more of a general understading how to trade off penny stock hype/manipulation…yes, eventually the high-percentage patterns will collapse, but they’ll reshape–it’s like trying to break apart oil, new shapes and bubbles form–and that’s why you can’t just memorize them, you have to understand them so you can adapt to the changes..bring it bitches, I’ve been in this game for a decade, you don’t think I’ve realized this simple rule by now?
2. The patterns are EXACTLY the same as the ones I detail in my instructional dvds and form which I’ve been profiting for a decade…how can I manipulate stocks when I’ve already laid what I think will happen in those DVDs (before I trade) and in my premarket watchlist (before I trade)…my followers have very litle money and the vast majroity still don’t even understand Short Selling, let alone reserving shares to shor tin advance…furthermore, the vast majority of my stocks trade 500,000+ shares/day, making them rather liquid…and best of all, I’ve learned to hold longer so I don’t trade against my subscribers…again, critics, please let me knwo your thoughts on this.
3. Yeah right, volatility and some qilliduity is my friend…much betetr than GOOG, SIRI, AAPL–crap that doesn’t move or have any advantage for poor people to trade them….no, every ppor perosn in the world should exit their blue chip stock right now and focus on PennyStocking, use your small size to your advantage!
4. How can my strategy be dangerous when all I do is teach to cut losses quickly/immediately? I guess it is dangerous for those who can’t follow rules, like those who can’t read, but for them, they’re so dumb/incompetentthat life itself is dangerous…I can’t help it if some people only follow some of my rules and not others, let them learn, as I did all those years…all I can do is preent what has and has not worked for me over the years.
5. Penny Stocks are wild, but not random…at least the hyped/manipulated ones that I trade…that’s what my instructional DVDs teach and I hope to prove with my off the charts returns!
6. You’re right there, that’s why I teach and not just trade on some private island…this is not for rich people, except for entertainment while you collect your ridiculous millions in interest, this is for poor people, account sizes under $100,000….so the 3 of you multi-millionaires reading this blog can stop now, the 4,000+ of you–so far–poor bastards, tell your friends and please continue.
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 19 | AENY | $2.80 | $3.02 | $1148 |
| Nov 18 | NLST | $4.16 | $4.40 | $947 |
| Nov 18 | IMGG | $1.42 | $1.64 | $2094 |
| Nov 17 | NLST | $5.04 | $5.59 | $2195 |
| Nov 13 | VRMLQ | $21.50 | $22.97 | $2901 |
| Nov 11 | EONC | $2.61 | $2.80 | $687 |
| Nov 10 | EONC | $2.74 | $3.36 | $9784 |
| 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: $98,094 (681%)
