Archive for the ‘Popular Posts’ Category
Just Who The Hell Do I Think I Am And Why Should You Care?

It’s astounding how many lazy people refuse to click the ABOUT tab on this site when they want to know more about me. Instead I get anywhere from one to three dozen daily emails asking me—since I have an answer every email policy, I’m beyond tired of this. Guys, chicos, if you want to know how I got started, what kinds of stocks I trade, how I made so much $ so quickly, my life is an open book—literally–An American Hedge Fund. Hopefully this post can save me a few emails so here’s a quick rundown of my journey and how I’m gonna help you:
-My obsession to become the best tennis player led to a career-ending injury senior year of high school in 1999. Since I’d already gotten in to college early and the doctors orders were to rest, I had nothing to do so my parents gave me control of my $12,415 in Bar Mitzvah gift money to play around with and I opened a discount online brokerage account.
-My parents thought I’d lose everything, but after concluding all the most popular stocks were too expensive / random for me, I became a penny stock
day trader and turned my little account into $2 million by the end of 2004 (no leverage used). The first $1 million was pretty much all buying breakouts (I focused on chart patterns, little did I know why the charts were so perfect), the second $1 million was pretty much all short selling
(when I discovered their charts were perfect for a reason, manipulation!). (Trades, strategies used and lessons learned are all detailed in my instructional DVD PennyStocking)
TIM And TimothySykes.com Traffic Surge 15% In February And Why I’m Living The Good Life
To be exact, TIM finished the month up $2,098, or 15.09%, to $16,006. A new record high. Wooo hooo! I’m finally getting the hang of trading like a poor person again. Feels good to be the underdog. Makes me work harder. More importantly, website traffic also surged 15% on the month—every day now there are more than 3,000 people trying to determine if I have any reason to be this cocky or if I’m just full of it. Despite these gains and my now nearly 30% return since November, the jury’s still out. Sure, people are learning, my readers are profiting, transparency is waaaaaay up, but the data sample is still too small to truly draw any conclusions. No doubt website traffic was also helped considerably by this funky fresh new site design, which debuted on February 4th and was designed by the man himself, Pallian.
Where I Find Stocks To Trade
In trading, correctly picking your entry and exit points is only half the battle. More importantly, you gotta be sure you’re playing the right stocks! To find the right stocks, I use just a few different websites.
Below is a list of websites I check every night to find what’s in play—and by in play I mean stocks that moving 30-300%/day and have plenty of trading volume so that I can get in and out easily. The time it takes to research varies (anywhere from 2 minutes to 2 hours) dependingon market conditions (during boring markets, there’s not much volatility
, during bear markets, there aren’t many bullish plays, during bear market spikes (hopefully we get one in the next 2 weeks, there are tons of plays because I look to short into the brief spurts of strength, etc).
I’m sure there’s a way to model everything and/or use pure screening software, but that’s not my game—I just stick with what I know. Once you start practicing the PennyStocking process, you’ll see that anybody can do this—no assembly required.
UPDATES
May 15, 2008Yup, by next Monday, everything's gonna be real working-like!
May 15, 2008PDO, up $4+ today, will teach you not to randomly short strong penny stocks, get in, get out then run...cuz sometimes they squeeze stubborn shorts to death!
May 15, 2008No ideal short plays today, check out these 2 interviews while we wait for price action perfection
I wish I'd listened to my own rulebook, instead got squeezed for $400 shorting blatant-fraud KYUS too early...someone needs a refresher course this weekend!
I nailed NCOC's 20% rise today in my pre-market post, but I was too biased against buying little breakouts, learn from my mistakes!
May 15, 2008Lots and lots of new sketchy stocks to watch















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