Blog Archives:
Is My Blog An Infomercial?
Posted by Timothy Sykes on Sat 20th of Jun, 2009 03:30:30 PM
Sponsor Offer:
You have until June 30th to SIGN UP HERE for my TIMalerts real-time trade alerts (not just alerts emailed within seconds of my actual trades, subscribers also receive detailed nightly watchlists of the hottest stocks to watch the upcoming day and access to the chatroom on subscribers-only TIMalerts.com) to lock in current prices of $1/day (or 81 cents/day if you SIGN UP HERE for an annual membership)…afterwards, prices are going up…learn why HERE…
Some people think I mention my instructional trading DVDs and TIMalerts real-time alerts newsletter too much.
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Wow, No Matter Where I Look On The Financial Web, I See Pure Crap
Posted by Timothy Sykes on Tue 12th of May, 2009 08:15:16 AM Sponsor Offer:
You guys know I’ve been pretty negative on the entire joke of a finance world, not to mention the joke of a financial commentator/journalism worlds since I began understanding how much BS there actually was over the past few years…
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How I Pulled A Yearlong Emotional Rope-A-Dope On DealBreaker.com Readers
Posted by Timothy Sykes on Thu 7th of May, 2009 03:00:39 PM Sponsor Offer:
The results of which are just starting to become apparent:
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Do You Go Into A Restaurant & Ask The Chef To Cook You A Free Meal?
Posted by Timothy Sykes on Thu 19th of Mar, 2009 04:25:43 PM Sponsor Offer:
No, of course you don’t!
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10 Reasons Why The Incompetent SEC Places Restrictions On Day Trading
Posted by Timothy Sykes on Wed 4th of Mar, 2009 08:20:11 AM Sponsor Offer:
This goes out to every poor person who doesn’t have the $25,000–the magical minimum as divined by the SEC–required to day trade freely or else you fall under the Pattern Day Trader Rule, limiting you to 3 day traders/week…you’re gonna like this list:
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I Keep Thinking About What Michael Arrington Said To Me…
Posted by Timothy Sykes on Mon 9th of Feb, 2009 03:15:54 PM Sponsor Offer:
In short, he said “this is the wrong audience for you”…in regards to me commenting on his TechCrunch blog
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Why Todd Harrison Is An Optimist, Definitely Not A Penny Stock Trader
Posted by Timothy Sykes on Sat 15th of Nov, 2008 04:30:07 PM Sponsor Offer:
When I read his article “From The Market’s Pain Comes Wisdom“, I almost spit up my avocado smoothie.
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I Had The Worst Dream Last Night…
Posted by Timothy Sykes on Sat 15th of Nov, 2008 09:24:26 AM Sponsor Offer:
Do bear with me as it doesn’t make perfect sense, but the trading lesson remains which is why I share:
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The Difference Between Me And A Used Car Salesman
Posted by Timothy Sykes on Mon 10th of Nov, 2008 04:37:37 PM Sponsor Offer:
I actually get this putdown quite often so I figured I’d break the difference down for everyone.
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John McCain’s Scandalous Link To Penny Stocks!
Posted by Timothy Sykes on Tue 4th of Nov, 2008 08:33:55 PM Sponsor Offer:
Haha, made you click.
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Why Me Failing At Scuba Diving Teaches You An Important Trading Lesson
Posted by Timothy Sykes on Tue 30th of Sep, 2008 04:12:05 PM Sponsor Offer:
Yup, I couldn’t go scuba diving yesterday afternoon (I’m down in the Florida Keys right now) because I flunked the basic training program in the morning. For some strange reason, I’ve always had issues with putting my head under water so I tried confronting my greatest fear and I failed, big time.
As my girlfriend and the 2 others in our “class” went off scuba diving, I was forced to go snorkeling with the kids and older people. It actually wasn’t so bad after 30 minutes or so–saw lots of cool fish–but I even had problems with it at first!
Weird, I know, but life could be worse.
After my snorkeling, last night I grilled up some lobsters and slept on a hammock on a perfect beach.
So what can this teach you about trading?
1. Don’t be embarrassed –it’s okay to admit defeat! No matter how hard you want something to work out perfectly, sometimes it won’t. Learn from goes wrong, get better and move on.
2. Focus on what you’re good at–if you’re strangely good at Short Selling like me, focus on it. Don’t let Brig Brother SEC hold you down, it’s a fully useful and important trading strategy. If it’s buying breakouts, you have America on your side, but good luck finding many plays right now!
3. Control your risks and always have an exit strategy–even if I had overcome my fear and gone scuba diving, sooooooooo many things coulda woulda shoulda gone wrong down there, no easy way out, it was not be a good risk-reward situation. Snorkeling fit the bill much better for me.
The Latest Financially Illiterate Financial Journalist, Too Funny…
Posted by Timothy Sykes on Tue 16th of Sep, 2008 03:57:25 PM Sponsor Offer:
Yes, I’m always ragging on financial journalists and no it’s not cuz of my ego, it’s cuz they’re a bunch of friggin morons! People who majored in journalism shouldn’t cover business/finance cuz the rules aren’t the same, companies and people, especially CEOs, management, ANALysts, PR firms and newsletter blatantly lie to try to lure in investors.
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Funny Cartoon On Fannie Mae (NYSE: FNM) And Freddie Mac (NYSE: FRE)
Posted by Timothy Sykes on Sun 7th of Sep, 2008 04:26:51 PM Sponsor Offer:
Thanks to a reader, check it out:
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MarketMania Cage Match: Jim Cramer vs. Ken Heebner
Posted by timothysykes on Wed 9th of Jul, 2008 07:33:25 PM Sponsor Offer:
Unlike most financial freaks, you know I like to stay faaaaaaar away for the economic guessing game, not because I don’t have opinions/do research on consumer spending, oil, housing, etc. but because I don’t pretend to be able to guess the changing time lags associated with pricing these issues into the stock market. Yup, that’s right, there are tons of time lags and we petty humans have no friggin idea.
So, I’ll keep making my pretty non-scalable 7 month 70% returns and let others whose business is scalable guessing games duke it out.
Tonight’s death match is between two “financial experts” who are polar opposites:
“There’s Always A Bull Market Somewhere” Jim Cramer who has suddenly started saying inappropriate/dangerous/emotional stuff like
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Why They Should String Samuel Israel Up On Wall Street With A Note Saying “Fraud Isn’t Painless”
Posted by timothysykes on Thu 3rd of Jul, 2008 11:58:38 AM Sponsor Offer:
Call it tough love. Leave him there long enough so the stench of his rotting corpse (still won’t be as bad as the stench of most living finance peeps—yeahhh can you say $330 billion auction rate securities catastrophe? Fraud lawsuits should be fun/illuminating) will pound home the point that if you cheat people—giving this once great industry a bad name—you will suffer the consequences. And it won’t be painless…Benito Mussolini-and-mistress-together-style:
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How To Be The Tiger Woods Of Trading
Posted by timothysykes on Sat 21st of Jun, 2008 11:12:26 AM Sponsor Offer:
I often get asked how much time should you spend trading/researching? My answer is how badly do you want to win? The more time you spend researching, checking patterns, reviewing trades, reviewing others’ trades—yes, you might have to give up some video game, sports, TV, partying, girl/boyfriend time but sacrifices are necessary…hell I missed my college graduation for a great trade!—the more comfortable you’ll be in your trading because you’ll have seen similar patterns and trades before.
The more comfortable you are, the more time you’re willing to devote to this since you’re enjoying yourself more, the more trades, patterns and variables you see, the better you understand them all, the better you understand your own strengths and weaknesses the better odds you have on each trade, the more profitable you become.
Spending all day, every day, trading, is definitely not the way to get rich, but it will help you
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Say Hello To The Most Popular Member On Covestor: Timmay!
Posted by timothysykes on Fri 20th of Jun, 2008 10:51:27 AM Sponsor Offer:
Covestor: Timmay, are you ready for this, champ?
Timmay: I’ve been ready for this my whole life!
Covestor: Then you take us out of the dark ages.
Many said it couldn’t be done. A trader who focuses on Penny Stocks? A penny stock day trader? A penny stock day trader whose specialty is Short Selling? Total niche strategy.
And yet just one day after Covestor opened up to everyone, I am now the most popular trader/investor (see rankings HERE) and by a healthy margin. Disney is even thinking of making a movie based on my life with Jon Favreau as my chubby by lovable best friend Eddie Z.
You can track my trades by following me HERE…usually same day, if not 1 day behind…technology is still new…or get real-time trade alerts, within seconds of my actual executions, emailed to you by signing up HERE
When Covestor called me to honor me with the top spot, I blurted out “I wanna prove to everybody…” but Covestor interrupted and said:
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Can A Book Count As You On Facebook?
Posted by timothysykes on Sat 14th of Jun, 2008 10:49:16 AM Sponsor Offer:
The other day I saw somebody, Liz Panek, tagged a new photo of me on my Facebook profile:
Why The Pattern Day Trader Rule Proves The SEC Rivals Osama Bin Laden In Terrorism
Posted by timothysykes on Wed 4th of Jun, 2008 01:25:35 PM Sponsor Offer:
Yup I said it. While making a nice quick 5+% American profit, or $350ish, in an hour on my LGDI trade a few weeks ago, my blood boiled over due to the missed opportunities caused by the SEC’s pattern day trading rule. And while I’ve attacked it in the past, there was no formal summary post that explained all my key points. Considering how many stocks are in play today and the fact that I am forced to ignore 99% of them, it’s time I unleash this fury.
The formal definition of this inane rule is HERE, and once you read it, you’ll begin to understand why I call it the Reign Of Terror Rule. In fact, I’ve got an entire category devoted to it as I’ve documented each and every time it’s interfered with my trading since I began TIM in November 2007.
Basically, if your trading account is below $25,000—as are the accounts of so many poor people out there—you can only day trade (meaning in and out the same day) 4 times per week. If you trade more than that, you get flagged as a pattern day trader and your account gets restricted because you’re considered evil, as most day traders are believed to be. (Yes sometimes you can trade a few more times than that—since its all rather gray area and the brokerage firms themselves despise this rule—but my point is there should be no limits whatsoever!)
Even though I’ve still got over $500,000 in liquid cash to trade with, I went back to my $12,415 roots specifically to draw attention to this injustice because most people, including industry big wigs, don’t even know about it. After all, the last time I had this little money, it hadn’t been instituted and I’m forever thankful since trading freedom allowed me to get rich.
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Forget Barton Biggs, This Is Real World Hedgehogging
Posted by timothysykes on Mon 2nd of Jun, 2008 04:54:21 PM Sponsor Offer:
You probly all have read the decent/above-average/coulda woulda shoulda been a lot more book Hedgehogging by Barton Biggs. Well, now TIMtv has found a video clip that blows that little book away…not only is it more entertaining and eerily representative of those in the hedge fund industry, it’s free and you can watch it right HERE!
TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 2 | KIRK | $10.60 | $11.53 | $1377 |
| June 30 | ISRL | $107.97 | $118 | $985 |
| June 24 | LZB | $4.53 | $4.81 | $1240 |
| June 17 | GWSC | $1.86 | $2.76 | $2679 |
| June 15 | SHZ | $1.66 | $1.83 | $280 |
| June 15 | SPNG | $0.11 | $0.18 | $630 |
| June 12 | JAZZ | $2.84 | $3.26 | $380 |
| June 12 | MAPP | $9.68 | $10.07 | $565 |
| June 8 | HEB | $3.00 | $4.18 | $334 |
| June 3 | GROW | $8.64 | $8.96 | $740 |
| June 3 | SYMX | $1.21 | $1.11 | $940 |
| June 1 | USCN | $0.55 | $0.86 | $260 |
Total: $65,674 (421%)
