Answering Some FAQs From A Reader…
Posted by Timothy Sykes on Thu 2nd of Apr, 2009 08:15:39 AM
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Check out these questions a reader posted:
i know this is the equivalent of giving a sloppy-cum guzzling-homeless vagina french burp kiss on your shiny polished posh ass, but i wanted to say the following: your blog is awesome, your book american hedge fund was extremely well written (i’m recommending it to a few buddies and family members) and induced me to jizz irresistibly on multiple different occasions, and that your featured appearance on wall street warriors helped me switch my major to financial economics out from my previously dreadful, cunt repellent computer science curriculum. long story short, you’re one inspirational jew racoon.
now that we’ve established my borderline homoerotic lust for your success, i had a few serious questions that i hoped you’d be willing to share.
(please note that i just started reading about the basics so i know next to nothing)
1) did you code everything in this blog yourself or did you hire a web developer?
2) wasn’t Short Selling banned by the SEC in 08 making it illegal?
3) my broker is tradeking. don’t limit orders take a while to execute? i don’t understand how everyone doesn’t make a profit. most stocks have some pattern looking at their historical prices, and buying them when they’re dipping down and expecting them to go back up at some point, isn’t it almost guaranteed that it will reach your limit order point at some future date? is it because limit orders don’t necessarily execute all the time because it may be hard to identify a seller?
4) i’ve been keeping track of some Penny Stocks and one of them that i thought would go up did (near 2,000%, ARYC). does that mean if i bought the shares before and sold them today, it would sell right away and i’d actually make that exact amount or is it possible that i can’t sell at that exact time. in other words, is the precise time to the second the order is submitted as important a factor as it is in day trading or do brokers execute the trade at the end of the day?
thanks.
- just another one of your noob fans
1a. Nice language, c’mon there are kids on this blog, watch it from now on! (Notice how I’ve matured over the past few months….)
1. This website is entirely due to Pallian’s tireless efforts, contact him HERE for his web design services.
2. Short Selling failing financial firms was banned for a few months back in 2008…it didn’t work and the firms still failed, the government just created a 3-day short squeeze giving them a shot at the title of the greatest market manipulators of all-time. It’s legal now, shorting failing companies is too much fun!, and it’s necessary for an efficient market.
3. I can never recommend buying any stocks on the dip due to some pattern, especially Penny Stocks because for most Penny Stocks, any dip means an infinitely greater risk of them going under. Also, I’d never place limit orders at prices based on patterns, I place my orders based on current price action…gotta judge to get the best fills…
4. I’d never try to get those 2,000%+ gainers, very rare to be able to capture even half of those kinds of moves, I focus on taking 5, 10, 20% gains within 1-2 days…they add up, as my 258% return over the past year or so proves….may I suggest my instructional DVDs to help educate you as to my strategy.
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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%)
