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Check Out My Podcast With Thinkorswim Co-Founder Tom Sonoff

Posted by Timothy Sykes on Thu 30th of Jul, 2009 08:15:32 AM
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HERE is a link to my podcast from the other day in a variety of formats so definitely put aside an hour and listen!

Sosnoff is simply incredible, and you can learn a lot from him…also, below is the entire chat transcript from my podcast.

As you scroll through the comments, I think you’ll find it interesting, as I did, what these mainly options traders (as that’s what Thinkorswim is really known for) think about Penny Stocks and my strategy (although I couldn’t really go in depth like my instructional DVDs so):

HERE is the chat transcript

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  • DoucheMcClintock
    Your picks suck, you just got everyone stuck in a PIECE OF SHIT stock OHB.. thats enough for anyone to NEVER follow your shitty picks dude... some people are getting F*CKED on this one
  • my picks suck? attack someone who isn't up 450%...OHB wasnt that bad, a bit of a squeeze but it happens...subscribers are learning there's no one right way, buy-to-cover alerts can be used as buy signals too
  • and thank u for allowing me to stress how risky pennystocking is when u dont know the rules..here, i've created some study guides for u and all your friends:

    http://www.timothysykes.com/store
  • DoucheMcClintock
    Study guides for what? On how to lose on trades?

    "Buy to cover" alerts can be used as buy signals? So basically you are screwing subscribers over by recommending to also BUY when you alert to cover? So if the person doesnt cover and act quickly, the shorts get fucked? You are a dick dude.. I know you or a friend went long on this thing before covering

    I actually saw exactly what happened. Exactly when I received your email (mind you im on a fast connection with a MS Exchange server, 5ms response time at most) the stock had already jumped 15% fucking percent before ANYONE could attempt to cover. Someone had bought so many shares it tripped the stop loss triggers right before you even hit SEND on your alert. The text message service? That shit came in 2-3 minutes AFTER the email which then the stock was up to 3.56.. you and your ugly ass girlfriend DALLELLA or whatever her black name is probably went long KNOWING it would squeeze. Your just as bad as a stock promoter you jew fuck!
  • i do my trade and then send out email/text within seconds of my execution...had u actually studied my study guides, u'd know i trade volatile stocks and thats why i trade them in an ultra-conservative fashion...no different than trying to become a doctor without studying, i hope u've learned your lesson: know the strategy before u trade it
  • AC
    That is true, I notice that I am always late entering in and exiting but I always thought it was me. As soon as I get the alert, I'm always off by 5 to 10 cents MINIMUM unless its one of those bad picks that pulls back.
  • DoucheMcClintock
    FUNNY that after fucking us with a bum pick, you then try to SELL me more of your shit.. you are the poster boys for all jews out there.. if your parents would have been cooked in the Nazi oven I wouldnt have lost so much money on your pathetic pick..

    Let me guess, you are going to turn this post into a sales pitch for another shitty DVD you can just download on a P2P network?
  • yangying
    McClintock, I want you to really think about the comment you made about Tim's parents. It's really horrible. You have a right to your opinion on the picks but to say that? Come on man - don't go there.
    Remember this: if you express anger, you will feel angry and if you do it all the time, that is what your life will become.
  • kwatsy
    To Douche

    You are a F***ing Ass hole...

    First rule of trading "dont ever take tips"

    You are to lazy to do all the hard work that goes into learning how to trade so you want to take the short cut... which is fine but then you shoot the bloke who is trying to help you...

    What a fuckin ass hole you are... I hope you lose more money .... you stupid piece of $HIT...
  • and no i never trade against my subscribers, thats why i have so many happy customers, it obviously helps that i'm right 80%+ of the time
  • DoucheMcClintock
    ANOTHER SHITTY CALL.. Good thing I didnt buy DDRX.. your losing it, your "blog" wont be doing to well with your crappy calls!
  • Wow, we have a real smart one here who thinks i'm supposed to win every time? Didnt your momma teach u how to do math and help u see that i only win 80% of the time? And more importantly didnt my DVDs teach you to cut losses quickly so that the losses from these 2 bad trades doesnt really hurt profits at all? No of course not because you don't have a momma nor do you have my DVDs:

    http://www.timothysykes.com/store

    You wanna blame your incompetence/ignorance on me, thats cool, just dont pretend like you dont have a choice to get better
  • DoucheMcClintock
    Hey CHODE - I -PAY- for your stupid alerts.. You alert me, and I do it.. when you said you cut your losses on DDRX it dropps $2.00 / share before the alert even came in!!!

    The only times you win are from sheep following your calls, and when you bail its too late for everyone else!
  • if u knew my strategy, u'd have cut your losses within seconds...trouble is, u dont and u think u can still be successful...again, your fault, not mine

    as for sheep following my calls, just in the last 2 weeks CHINA was a massive win, RINO was a massive win, APWR was a massive win and my trades werent even close to perfect...again, attack someone who isnt up 450%, u'll have better luck
  • AC
    No offense Tim, but you are trading with a tailwind, we subscribers have a headwind, you can't deny that. RINO was a good play but not before it fell 70 cents first, which stopped me out because I was trying to be a responsible trader.

    You can report a profit even though we eat up the losses. And all the tips knowledge in the world can't predict when you send the alert after bailing out on a razor thin 10-20 cent profit.
  • No offense taken, RINO is a real company and I had a nasty loss for 2 days before it finnaly broke out...thats doesnt excuse u for not buying that next breakout at 10.40 and riding just as it doesnt excuse my selling at 10.40.

    what u guys dont seem to understand is that my trading is irrelevent, its just an example to show u guys how i trade...u gotta learn to do it yourselves
  • AC
    I feel your pain Douche, 25.00 to 23.00 is a very hard fall. I literally was in and out of DDRX in like 20 seconds, fastest $100+ I ever lost. Had I hesitated and even tried to enter anything more complicated than a market order, I'd probably be eating a $600 loss. And yes I got screwed by my broker. OHB was a similar disaster.
  • u guys need to trade more like castrated choir boys
  • DoucheMcClintock
    Oh yeah where are you on alerting ANDS is a call right now with their FDA clearance? SOLID breakout and will gap up tomorrow and run big for a while!
  • again, if u knew my strategy, i dont like to play FDA news stocks....i cover that very topic in my first dvd...but you're too s,s,s,s,s,-tupid to realize it
  • DoucheMcClintock
    I guess you would rather short a low floater stock and leave all your members stuck in it?

    Or buy a stock so high up it has a nose bleed?

    You seriously blow...
  • yangying
    McClintock, I want you to really think about the comment you made about Tim's parents. It's really horrible. You have a right to your opinion on the picks but to say that? Come on man - don't go there.
    Remember this: if you express anger, you will feel angry and if you do it all the time, that is what your life will become.
  • I do short low floaters and buy breakout attempts, again if u understand my strategy, u wouldnt get stuck...your fault...u seem to have a learning disorder, u'll fite in great over at http://www.elitetrader.com
  • jammy15yr
    The real jammy here tim, just check my email. Been away for about three months to try to tackle trading real companies, and even forex- boy oy boy is pennystocking easy!

    With penny stocks you can easily buy breakouts/short breakdowns, but with reeeal companies? no, you can't simply do that, there's retracements, pullbacks, etc etc.
    So i am learning price action trading at the moment, only using trendlines and an EMA, much better than indicator plastered screens.

    Simple is better, and lol penny stocks are so corrupt you can't trade price action of them. Basically all you gotta do with a pump and dump is wait for the gap up, wait for sideways price action and wait for the low to be taken out and boom, it's as easy as that!
    Now why people expect your calls to be dead f****** on all the time is strange to me, do people expect you to have a damn crystal ball?

    As for that blabbering fool talking about tim's calls, you gotta learn stuff first dude, if the setup isn't good then don't enter, it's like listening to a sat-nav telling you to drive into a river- you gotta have some sense !
  • Vic
    I want to know whats the minimum amount of money needed to get in this trading game and if I dont learn all the tricks right off who would be the best person to hire to make my money grow? Everyone wants to talk about how much money they are making but the education piece sucks in my opinion. Some of us are to busy working in other fields to learn exactly how the game works but we have the interest but dont know how to get started. I like that Tim puts out alot of information about his success and progress but Tim think small sometimes to help the people who are as versed as you in this so we to can pick up. Tell me how to start.
    Did that guy say that Tim's girlfriend had a black name, lol thats funny, what is a black name? That was one of the most racist comments I've heard in months and I would think that with all these intelligent people floating around on this site those type of things wouldnt be said.
  • jammy15yr
    $2k is the minimum amount to short basically, start by buying some basic books, search through amazon, read reviews, PLEASE don't click on reports claiming some magic formula, with big underlined bold headlines...aww, i was there doing the same thing a year ago
  • Vic
    thanks jammy
  • AC
    LoL Tim, you stepped on the ToS guy's toes when you said "most traders lose money."
  • fous
    The problem is that you guys are trading an illiquid stock.. Tims subscriber base is large enough that he creates his own market. I subscribe to Tim alerts and just watch, i dont trade Tims stocks but am intrigued by watching the influence in price action he makes with his buy/sell calls . Such as OHB who douche obviously lost on and im sure others late to the stage did as well. Watching Tims short call created a large increase in volume and sell off shortly after @ 3. Thus his buy to cover call created a large spike in volume and the stock price jumped from 2.80's to 3.5's . If your not the first to short or cover in on an alert then likely you missed the profit train on the short call, or are gonna get screwed on the buy to cover call. Thus this volatility was created by the dump and then pump @ this website.. This volatility most likely wouldn't have occurred without tims influence. If your following tims alerts on an illiquid stock (which most are) then you should definitely be prepared for the risk involved with price manipulation ,large bid/ask spreads, and volatility.

    just my two cents.
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Start Here

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.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

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%)