How I Totally Screwed Up A Trade, Made 10% Overnight & Made My TIMalert Subscribers Thousands Of Dollars

Posted by Timothy Sykes on Wed 11th of Mar, 2009 06:05:41 PM

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Oh yes, another good call with poor execution on my part and yet thanks to people finally beginning to understand the patterns which I trade, TIMalert subscribers did better than ever on this one:

Total net profits of $727
-T.B.

out of JSDA, profit of +$270.
-Reaper

just covered at .95….wish make more but $150 after commission..I am happy..
-JSP

Covered at .89 for $105 dollars profit.
-W.

just punched out of JSDA for a 15% gain (short), nice call Tim
-BGW

Those are the subscriber testimonials after I sent out this alert:

Shorted 3k JSDA at $1.01ish…after 20 minutes of trying to short at 1.18, 1.15, 1.12, 1.07, interactive brokers is the worst broker i have ever dealt with, more on that later…now this stock fits my 3-day pattern perfectly, its a true carcass of a company, yesterday it had the same pattern and rebounded, today methinks its out of juice…i’d like to cover in the .70s or .80 area…really pissed off i couldnt get my 5k short at 1.18 like i wanted, IB i’m coming for you! (but i did post on the TIMalerts website at 1.12 that i’d like to short it, so u guys need to check in more

Inspiring me to write this post about why I would short such a hyped up stocks like JSDA

And the chart did this:

I covered at 89 cents and yet there wasn’t any urgency to covering, I’m just a bad timer…once it took out multi-day support at 90 cents, the momentum traders got out and their getting out caused another predictable 10-15% drop…I screwed up my entry–actually added 1,000 shares to my position at 99 cents in another TIMalert, so I was short 4000 shares at an average of $1 and screwed up my exit and still made 10%, or $405 on a $4,000 investment.

That’s the beauty of this strategy, even if I screw up my entry and exit I still make 10% because the pattern is so right. If I do anything better, I can make 20, 30, even 40% in 1-2 days. Show me any other strategy with such predictability, I dare you!

This isn’t rocket science folks, when this pattern–which I outline extensively in PennyStocking Part Deux and of course in all my other DVDs too–shows up–that being a formerly high-flying but now crappy/failing company running out of cash, trying to stay in business & deal with thousands of bitter shareholders gets hyped up by some PR or newsletter magic, I try to short shares.

To determine my entry I use basic technical analysis and use the all-important sideways price action–detailed in my dvds–to let me know my ideal entry points.

Learn the rules of this game, this simple simple game & ye shall be rewarded.

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Related Reading

How Did My Latest Penny Stock Trade Go? $10,000 In Profits Or Losses? July 6, 2009
How TIMalert Subscribers Enjoyed $10,000+ In Trading Profits & 7 New Hot Penny Stocks July 6, 2009
8 Hot Penny Stocks To Watch & How TIMalert Subscribers & I Made $11,000 Yesterday April 23, 2009

sot

jsda up 33%...should provide another good shorting opportunity if $1.00 isnt taken out...

Ed

I don't understand how you guys are shorting stocks under $3.00. I haven't found a broker who will do it. I signed up for thinkorswim because Tim recommended it but, i haven't found that they will allow me to short anything under $3.00. How are you doing it????

Timothy Sykes

Ed, thinkorswim and interactive brokers are the 2 brokers i use, i suggest watching my shortstocking dvd to learn how to short sell before risking any $ in the markets:

http://www.timothysykes.com/store

Timothy Sykes

or read this post:

http://timothysykes.com/2008/06/01/how-to-reser...

Ed

First, I would like to say that I am impressed (no... shocked), that you answered my question so quickly. And, I hate to be a nag but, I already have an account with thinkorswim (based on your recommendation) and I haven't found anything below $3 that they have available to short (including JSDA). Are you saying that there is some trick in the DVD on how to get tos to make short shares available to me? Otherwise, the shortstocking knowledge is great but, if i can't find the shares to short it doesn't do me much good. Thanks.

Timothy Sykes

theres no trick, u just have to get p each monring at 7am and ask for their hard to borrows, most of the time u'll come up empty, but thats good because it means shorts are aleady in and they'll possibly get squeezed, thus puking up their shares after spiking stocks, offering ideal entries...no great squeezes as of late, hopefully the drought will end soon

younggunz

I have done several with ToS under $3...I haven't been told I can't short it when it was under $3 but I also don't remember ever asking them to put the order in under $3...At the minimum I always ask to put the order in at $5 above the current price.

Timothy Sykes

TOS doesnt care, they'll let u short anything

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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.

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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%)