What Do I Say To Emails & Comments Like These?
Posted by Timothy Sykes on Wed 22nd of Apr, 2009 11:30:27 AM
Tags:
I love getting emails like this:
Hey I just had this revelation that I need to buy your instructional DVD. Basically this whole time I have been holding off. I consider myself very bright and so naturally I feel like I can teach myself all there is to know about fundamentals/technical analysis off websites like investopedia and elitetrader.
Well let’s see how I’ve fared:
I have lost 1500$ net from trades I’ve made on my own. I thought these were solid trades–I have bollinger bands/triple exponential smoothed moving average/three M.A. bars/RSI/indicators. Despite occasional mishaps due to naivety / greed / excitement these should have been good trades.
I have gained roughly 700$ net in Timalert trades.
Conclusion: this market is not rational, no longer adheres with fundamentals. The S&P P/E is about 100x for christ sake. This is not a game of numbers but of psychology. Short stocking is just a gigantic symbol of self-interest, and it can’t be interpreted through rationality, but by historic behavior. If anything, an economic downturn like this only AMPLIFIES the fear and greed that is the impetus for these pump and dumps, pie in the sky, IRA-robbing lottery tickets. You got the goods. I need the goods.
-E.R.
E.R., thanks for the email, let me just say a few things in response:
1. All those advanced technicals, in my experience, mean exactly zilch. zip. zero. Snakeoil salesmen’s way of making the simple appear complex and requiring their services, products, management.
2. Don’t draw any market conclusions until you’ve made $1 million+ from thousands, until then, your stats are about as useful as trying to find patterns in a bowl of Cheerios.
3. The market is rational, you just need to learn to focus on the proper variables and each asset class has its own variables. I’ll probly have to come out with metrics like “the volatility-manipulation-hype ratio” to help people better understand this.
4. my instructional dvds basically just show what historical patterns on which I focus (PennyStocking & PennyStocking Part Deux), trading psychology & risk management (TIMraw & ShortStocking) & most importantly, how I do my daily research and routine (TIMfundamentals)…they can all be paid for by one decent trade and the cool thing is their knowledge and lessons will help you forever! You see more details on all of em HERE
5. Investopedia is good for basics and EliteTrader is a circus filled with some of the worst traders in the world who can be great teachers if you go against everything they say. Focus on learning from traders who have demonstrated massive gains in the past & show their verified trading results. Trust no one in this game as people are con artists, liars, cheats, marketers and any other form of degenerate commonly found inside scummy places like strip clubs & OTB betting parlors.
6. You sound motivated, but most others aren’t–you can def. learn from my 1500 blog posts and 30 hours of content in my instructional DVDs, but don’t bother trying to get others too, most people are lazy and prefer picks given to them. For all your lazy friends, join my TIMaffiliate program (where you get 25% commissions on any sales) & promote TIMalerts…here are the testimonials from yesterday alone for this $1/day product, feel free to reblog/cop & paste, my products sell only because every day anybody can see people are making $! (tough to lose much when #1 rule is cut losses quickly and more importantly, when I’ve been right 70-80-90% of the time):
Tim,
Shorted 3500 SCON @ 2.7 bought to cover later in the day at 2.3 — $1300+ profit. Paid for my year-subscription to ya (and then some!).
-Vertical Void
Booked $462 on DDRX holding the rest.
-T. Bohen
I bought quickly and sold for realized profits of $256. I suck at going long so I’ll leave the bigger play to y’all. Total TimProfit for 2009 up to $2446.30.
-Reaper
Bought 2000 @ 4.29 and sold out at 4.56 for a decent $520 profit after commissions. Thanks Tim.
-Grant
just subscribed with u 5 days ago and already made $1500 profits, thx tim
Tim my man, what did I tell you when I re-joined TIMalerts…”At that price ($197), you’ve convinced me to sign back up again, I’ll recover that w/ one trade.” And boy did I, First trade back NTWK just covered my 3000 share short at $0.47 from $.60 for an easy $370 profit! I am now up 18% in april, up 27% year-to-date, and up 117% overall. Keep ‘em coming!
-Adam N.
Thanks for the $NTWK… 1 for 1 (only 2K shares but 25%+ return for 1 day) next...
extra $310.05 profit on NTWK … total TimProfit 2009 up to $2185.21, total TimProfit since June 2008 of $50,409.81.
-Michael Goode
just covered NTWK, 18% profit, $330, was a little more patient today and covered at .45
-BGW
+$200 on NTWK, in .65 out .55, 2000 shares
-BTB
covered at .54 (only could get 500 shares @.66). $60 profit
-urbancowboy
out NTWK, I only got filled on a 1000 fucking shares… +62 bucks baby!!!! :)
Good alert Tim, just a bummer I couldnt get the 5000 shares I wanted.
-T Bohen
only had 1000 shares at .66 got out at .60 well before most of you it just looked scary 40$ @profit
-Dave
Out KIRK total P/L for yesterday and today $1037.02
-T Bohen
In at $6.31, out at $6.16 for a quick $144 gain. Thanks Tim. That was fun.
-Cabassi
Bad entry, and WORSE exit. However I made 32 bucks after commision. That may not seem like much to you guys but old Tony would of entered in worse and exited with a loss. (I’m GREEDY)…Thanks Tim! …I’m learnnnnnnnnnning lol
-Tony
Out SCON for $40 bucks whoo hoo!! Why can’t they go that easy when I have 5000 shares!!!-TB
Just covered a small position of SCON. Short at 2.30, covered at 2.10. About $78 after commissions.
-Wooshman
I’ve now made over $750 shilling for @timothysykes. I’ve made much more trading his system. Up $1875 so far this year and $50,100 overall
-Reaper
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Timothy Sykes
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%)
