TIMradio #3: Tom Sosnoff, Founder of Online Broker Thinkorswim

As I sit here waiting for the near-inevitable crack in VRML’s stock price, I thought I’d offer up a podcast for your listening and learning pleasure: You’ve all heard me talk about how much I love and recommend Thinkorswim as a broker–not only do they have the best customer service/software, but they have solid borrows through Penson and most importantly, the people at the company actually try to help customers instead of ripping them off. Maybe that’s why there’s a Chicago-based firm, not NYC.

So for TIMradio podcast #3, I was fortunate to have a fine little chat with the man behind the curtain, Thinkorswim’s founder himself, Tom Sosnoff. Besides being a legendary options trader and frequent industry speaker, he’s one hell of a laidback / good guy…one of the few out there…so I hope I can still be like him when I’m that rich! Somehow I think all that power and money will go to my head…we’ll see.

Interview with ThinkorSwim Founder Tom Sosnoff

PS You’ll hear me say this is the first TIMradio, well, it turned out to be #3, but it’s still #1 in my heart :)

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TIMradio #2: Cameron Fous, TheTechnicaltrader.net, Another Successful Microcap Trader Whaaaaat

All right, stop, collaborate and listen, TIMradio is back with a brand new edition…everybody give a warm round of page views to Cameron Fous of TheTechnicalTrader.net who not only plays microcap stocks from the opposite side as me–meaning he buys them on the way up–he’s in Idaho or some weird place like that, he’s younger and a better trader than me (except the last 2 weeks, haha suck on that Fous!)–with his account up 450%+ in 2 years.

Interview with Cameron Fous of TheTechnicalTrader.net

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TIMRadio #1: Eddy Elfenbein, Mr. CrossingWallStreet.com

Financial blogging has only been around for ages a few years, but already the cream has risen to the top. In my first TIMRadio podcast, I was fortunate enough to be joined by a prime example of that cream, Mr. Eddy Elfenbein, better known by his still-getting-better-by-the-day blog CrossingWallStreet.com. Have a listen and hear us talk about everything from edge-lacking market predictions and Eddy’s old microcap newsletter to my inability to be very outgoing or self-promotional

CrossingWallStreet.com Click here to listen to the interview

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Sykes’ Saturday Seven: March 22nd, 2008 Edition

Techcrunch might be right about Inspectd.com being fun and addicting, but it sets a very very very very very very very bad example. The problem lay in the fact that pattern recognition is only part of the game, you also have to understand the variables that align to CREATE those patterns. Comparing a 100% one-week stock price jump based on a positive earnings report—meaningful, further strength likely—is very very very very very very very different from the same kind of jump based on two ANALyst upgrades and a newsletter mention—hype, reversal probable. Exemplified by the pic below:

Check out THIS sweet 20 minute podcast talking to some other traders

Also check out THIS interview I did, chastising those pathetic people who can’t pay their debts

Be sure to visit some TIMlinks, I visit the top 5 regularly cuz they’re actually good

Have you seen the new JPMorgan/Bear logo? IT ROCKS! (gratzie Lindzon)  

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On Luck In Trading, Tonight’s Podcast And The Winner Of The Ashley Dupre Sponsored DVD Giveaway Is…

The good people at Random.org chose a winner for my FREE $300 PennyStocking DVD Package Giveaway that includes:

6-hour instructional DVD course
220-page instruction manual
Autographed copy of An American Hedge Fund
Priority response from me on any and all questions

And the winner is…….the editor of TraineeTrader.com! Congrats man, hope you like it. Everyone else who signed up, don’t worry you can purchase your own HERE!!!

What exactly do I teach, well, nothing short of how to profit by predicting 5-20% moves in stocks that fit my model. Microcrap and smallcrap stocks that is. With COIN tanking 8% today, VLNC surging 8% and my last 4 trades—KBX, GENC, FEED and COINW—all acting predictably, even if I only profited slightly (perfect trading is a myth, but it’s really NOT hard for you to do better than me). I have plenty of excuses for my personal failings—not comfortable, intraday meetings, etc.—none of which matter to you as this data proves my thinking and teaching is correct:

3/20 Shorted COIN $8.78, Covered $8.78 (meeting), 2 hours later $8       9% move

3/19 Bought VLNC $4.12, Sold $4.11 (uncomfortable), 1 day later $4.45       8% move

3/18 Shorted KBX $1.79, Covered $1.71 (uncomfortable), 1 day later $1.50       16% move

3/17 Bought GENC $15.19, Sold $15.35 (uncomfortable), 1 day later $17.50-$18       15% move

3/12 Bought FEED $12.40, Sold $12.50 (uncomfortable), 1 day later $13       5% move

3/7 Shorted COINW $12.35, Covered $11.34 (uncomfortable), 1 day later $6.50       49% move

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Zecco and FOX Biz Interviews And Some More Glowing Book Reviews

Andrew Horowitz, wealth manager, the godfather of financial podcasting, aka “El Podrino” and author of beginners-must-read-or-else-you’ll-stay-stupid-forever book The Disciplined Investor and I will be talking about our different strategies for this bear market in a Zecco/BlogTalkRadio sponsored podcast fiesta next Thursday, March 20th, 5PM EST. It’s free to listeners—you can even ask us questions live—but there’s also gonna be a televised Pay-Per-View event, check with your local cable company. Tim Sykes bomaye!

Listen to the promo and register below so we can send you annoying reminders the day or two before the event and then harvest your emails FOREVA. (I’m kidding, there will be no harvesting… just reminding)  

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