Answering This Critic’s Questions:

Posted by Timothy Sykes on Mon 11th of May, 2009 03:00:52 PM

Tags:

idiots

I love getting incredibly imbecilic arguments from people who draw conclusions without doing any research whatsoever (exemplifying the entire joke of an industry that is Wall Street as a whole):

1) not everyone wins with your method. people trade using your strategies and low and behold they lose. so you just ignore “testimonials” of people that lose and glowingly report all the people who made a buck or two.

you can’t honestly expect anybody to believe that you “detail” ALL of your trades. when have you ever posted that you lost money on a trade…its just oh i made $700 here when i should have made $2000 etc. nothing you say can be taken seriously…i’ve met so many people just like you…relentless self promoting snake oil salesmen.

in my opinion if you want me and others to take you seriously, make your marketing more realistic.
2) how bout a long extensive blog post about your cilantro fund. how much did you start with? how much did you end with? detail your trades. come on timmy.

3) just reading your saga with Trader Monthly is all the entertainment I need for a Saturday afternoon. the real guys in the business know that you arent a real trader at all, and I’m pretty sure you realize that too. people who trade for real dont sell their method for $30 bucks a pop or whatever you charge these days.

4) do you really expect people to believe your reasons for why you trade with so little money like a poor person? if you do you must be seriously delusional.
-Tony L.

Tony, as evidenced by your truly ridiculous lack of research, you are by far the single dumbest person to have critiqued me or my blog…but I must thank your lack of education, research capability probably due to your upbringing (so thank your mom for doing such a horrific job!)…

Please allow me to respond, point-by-point:

1. Actually Tony, I always try to detail my losses too, see some evidence HERE. Of course, my free site has just the slightest amount of info, the real stuff is on subscribers-only TIMalerts.com…plenty of commenters and blog posts there…but given your obscene lack of intelligence, I doubt you can afford the $1/day cost…

2. A long blog post about my Cilantor Fund? Hmmm, how about THIS one. You incomparable idiot, do you not realize my 200+ page book “An American Hedge Fund” IS the story of my hedge fund…trade by trade…I mean, my God man, even Forrest Gump could understand that….

3. Uhhh Trader Monthly and just about half the hedge fund industry just went bankrupt in the last year or so…I’ve outlasted them all, so think what you want, it’s just beginning and the beautiful thing is that my biz model allows me to say whatever I want…do you understand the word “jealousy”?

4. Who cares what people believe, as long as I make solid stock picks and my dvd students and subscriber baaaaank and learn over time…oh yeah, my trades are verified by Covestor & somehow I’ve retained my #1 ranking out of 20,000+ for over a year…along with my dvd students who crowd the top 100.

To all the other mental midgets who read my blog, please speak up more often, you make my job not only easier, but more fun too! You wanna come at me, you better do your research and actually make an argument rather just have me annihilate you as if I were actually good in debate class (I’m not, it’s just easy when the facts are all on my side)

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Related Reading

A Note To The Entire Financial Blogosphere… January 16, 2009
My Haters Are Illiterate & Too Funny! November 23, 2008
The fly Called Me ‘The Shamwow Huckster Of Financial Blogging’, Too Bad He’s ‘The James Frey Of Financial Blogging’ January 28, 2009

Greg

You really ripped into this guy and believe me I think others will think twice before posting something as negative as this on your blog. Keep up what your doing I love your attitude on the market and industry.

Jim

Good article Tim. Currently you are ranked 14th in the absolute annualized return category. I'm ranked 16th. Although we have two completely different techniques to investing, I salute you and wish you all the best.

Jim

Simon

Beautiful reversal setup on ZAGG. Time to start looking to short.

Big T

Tim:

Please go to the beach, drink a Sam Adams, and chill, bro. :) Flamers with room temperature IQs are not preferable to Ocean scenery...

Jamal

"Tony, as evidenced by your truly ridiculous lack of research, you are by far the single dumbest person to have critiqued me or my blog"

that is hilarious, nice one timmy!

investorslive

Now that's just one uneducated SOB what a waste of time writing you an email only to look like a complete idiot

Jafuol

If Tony L has the balls to reply to your smack down post, I would really like to see it.

Skip Ledeebop

not to be a buzzkill Tim because you are so cool, but I think you're number 9 on covester. that's pretty close to #1 though!!!

Jim

Yes, Tim is ranked #9 in the "Risk Adjusted Return" category. In the same category I'm ranked #28. If you're in the top 100 of any of the Covestor categories, you're doing exceptional. I was talking about the "Absolute Return" category specifically as that is how I measure my return. Everyone has their own definition of Risk which is up to interpretation. An Absolute Return is not up for interpretation. It is what it is. In any event, I just passed Tim. I'm ranked #13 and he is #14. Obviously, it changes on a daily basis.

Timothy Sykes

actually #1 on covestor still, the leaders either manually upload or all signed up in the last month, nobody close to me

http://www.covestor.com/rankings/portfolio?perf...

Sally Skeptic

Is it just me or is anyone else a lil skeptical when Timmy's got a 7200% return, the next highest has about 1000% return, and he says that OTHER people are bending the rules by manually uploading trades?

if nobody's skeptical, i could some great investments here a few few
1) stamp arbitrage
2) madoff securities
3) sir allan stanford offshore CDs

Sally Skeptic

Right on the front page Timmy has a little ad that says "Tim is up 302% since November 2007." Pretty impressive no doubt. But then on Covestor it says that since November 2007 (same time) Timmy is actually up 7,244.4%. A slight but still significant difference.

Wouldnt u think that if Tim actually legitimately turned $1 into $72.44 he might put that on the front page? But instead he chooses to say he turned $1 into $3.02.

I would love Tim to address this slight discrepancy. Make sure to throw in a few insults before you give an unsatisfactory answer.

Jim

@Sally, that is because the 7,244.4% that Covestor states is not "actual". It is speculative. Covestor's software speculates that at the current rate you are earning your return, by the end of the year it should be X percentage. The truth is, nobody keeps up a consistent return on a month to month basis. So, when he says he's ranked #1, he's saying that his speculative stock picks have received a speculative rating of #1 if he keeps up with his current growth rate. My speculative growth rating according the Covestor is 549,198.95%. That's because I've made 210.32% "Actual" return during this fiscal year. BUT, I know without a doubt that my end of the year return is not going to be 549,198.95%. That would be a silly assumption. This is why, when rating yourself, it is a great disservice and a spreading of disinformation to say you are ranked #1 on Covestor for the sole purpose of a complete "speculative" return that nobody has ever produced. This is the exact reason a realist and myself would judge our return just as a banker would. On the amount of money that actually cleared the bank. "Absolute Since Inception". For the record, my trades are automatically updated through my brokerage account. I'm with Tim on the fact that I don't respect anyone who "manually" trades using Covestor.

Jim

Actually I misinformed you. According to Covestor, Tim's Actual Return since inception of November 5th, 2007 has been 7,244.40%. Which means he's had an averaged annual return of 1,653.76% which I find very hard to believe. With returns such as that he would be in Warren Buffett's league within a few years instead of only having a few Mill in the bank. Furthermore, I can't imagine the trading fee's and taxes incurred. Taxes probably eat away at least 3/4ths of the profits. I just don't believe a 1,653.76% return. Not that it couldn't happen but it definitely couldn't happen consistently.

Sally Skeptic

Why do I have this strange feeling that Tim would report to his flock that his growth rate is 549,198.95% ???

Jim

Sally, I don't know but I do know that you don't have to have the same opinions as Tim has when it comes to increasing your bank account but you certainly should show class when expressing your view points. Regardless of what you think of him. All the best.

Sally Skeptic

@Jim

This is what I'm talking about. The numbers just don't quite add up. Covestor says Tim's made 7,244.4% since Nov 07. But then Timmy on this site says he's up just 300% in the same time. I have to know what accounting method he's using.

I say we call a spade a spade. There's clearly something shady going on.

Jim

I'd say 300% over a 1.6 year time frame sounds more realistic to me. That would equal an annual averaged return of 137.84% per year not including the deductions for trading fee's (if any), maintenance fee's (if any), or taxes (sure thing). A 137.84% annual return, although possible, is not sustainable for any great length of time. As I said, This month alone I made a 109.60% return on my overall portfolio making my annual rate of return for this year thus far 210.32%. Do I believe this is sustainable? Absolutely not regardless of what technique you are using.

Joseph Ng

Great respond Tim, at least to somebody that doesn't read enough and start shooting off their mouth.

GsMaster

Oh... Come on people... and again... please READ COVESTOR's guidelines on HOW do they get to that 7k%.... if you have 2 fingers forehead you will know why!.... I always look and I never write comments but this time I will...

Salutations Timmy

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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)

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Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

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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).

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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.

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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%)