tag:blogger.com,1999:blog-9097104625320650090.post1470358266063454877..comments2023-07-04T09:03:12.212-07:00Comments on Anonymous Market Notes: Timothy Sykes' Pennystocking Leaves Metaphorical Bad Taste In MouthANONhttp://www.blogger.com/profile/12926577383740823249noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-9097104625320650090.post-62194796409901241152009-12-14T01:45:45.381-08:002009-12-14T01:45:45.381-08:00"Having a small account is also going to be a..."Having a small account is also going to be a hinderance. Sykes recommends using 5-10% of an account per trade. If you're using his original account size of $12k most of the trades he posted on his homepage are not going to net much profit at all, especially after commissions."<br /><br />-good point. he often does trade those quick scalps on big board stocks. I remember reading his blog in 2007 and 2008. There was never as much issue if I remember correctly with short borrows too. I think the strategy may be decaying already as more people play it. You have to admit though he is a much better trader than he even gives himself credit for. 700% in couple years with something like over 80% win loss. his risk management isn't even that great usually.Markhttp://www.stockpursuit.comnoreply@blogger.comtag:blogger.com,1999:blog-9097104625320650090.post-11160899455881208502009-11-21T19:40:02.181-08:002009-11-21T19:40:02.181-08:00I think you brought up many good points and questi...I think you brought up many good points and questions that others will be interested in. A great continuation of the conversation I was hoping to start by posting the review.<br /><br />Also, after looking at Reaper's website, I too would suggest anyone interested in these methods to check him out. Interesting stuff.<br /><br />Thanks for your comments.ANONhttps://www.blogger.com/profile/12926577383740823249noreply@blogger.comtag:blogger.com,1999:blog-9097104625320650090.post-56184586563081302512009-11-21T19:32:49.472-08:002009-11-21T19:32:49.472-08:00i thought about your review, i hope i didnt mislea...i thought about your review, i hope i didnt mislead someone about the sykes method, i dont know which cd would be best to learn sykes method( and at almost 400 , i would not push anyone to buy any individual cd) my knowledge of it has been gleaned from his blogs, and others like reapers,again i have two cds but i would not recommend TIMRAW . i guess the reader will have to search the net and do his own DDAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9097104625320650090.post-1692782880798784432009-11-21T16:48:16.545-08:002009-11-21T16:48:16.545-08:00i guess i got caught up in the whole of sykes,i ha...i guess i got caught up in the whole of sykes,i have tim raw and pennystocking two, tim raw has little merit or substance, im still watching pennydeux, your correct though, i have heard many of his cds are of little value,some ramblings , recommending books etc.when you think about it , he has a number of them out there, suppose you buy one of them that has little value,do you buy another or condemn his whole work? so you didnt like pennystocking and i didnt find any value with timraw. i wont buy anymore.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9097104625320650090.post-34683344359217978792009-11-21T15:32:06.660-08:002009-11-21T15:32:06.660-08:00That doesn't mean his Pennystocking DVD is goo...That doesn't mean his Pennystocking DVD is good. <br /><br />This is a review of his Pennystocking DVD. Perhaps some of his other stuff is good. I really don't know.ANONhttps://www.blogger.com/profile/12926577383740823249noreply@blogger.comtag:blogger.com,1999:blog-9097104625320650090.post-26041560935869008412009-11-21T14:54:08.644-08:002009-11-21T14:54:08.644-08:00how can you neglect the number one on Covestor?
is...how can you neglect the number one on Covestor?<br />isnt that a feat? sure he's off the wall with the selling, but Covestor! any other sellers you know<br />being ranked or audited?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9097104625320650090.post-2003294823692872432009-11-21T09:09:16.576-08:002009-11-21T09:09:16.576-08:00FXprop Trader, I agree with your take.
Thank you ...FXprop Trader, I agree with your take.<br /><br />Thank you for posting Anonymous. I guess if a new trader wanted to give Sykes a try, why not suggest they skip the DVD and jump right to TimAlerts? The idea behind the system is fairly easy, but I do not think a new trader could execute such a trade using the information provided in the video. <br /><br />Having a small account is also going to be a hinderance. Sykes recommends using 5-10% of an account per trade. If you're using his original account size of $12k most of the trades he posted on his homepage are not going to net much profit at all, especially after commissions. Plus, with daytrading rules, it's likely to take you quite a bit of time to make back the service/dvd fees.<br /><br />Sykes has learned to be like those on Wall Street who he badmouths. He'll mislead you when it benefits his bottomline (which happens to be fairly big in the merchandising department). <br /><br />You could be right. A simple system for beginners. But I cannot really suggest using his TimAlert system, and based on the video I watched most people are going to need something more. I have followed pennystock traders like The Market Kid before, and think he's great (he's also free), but you will not receive the same specified responses as I assume Tim sends out.<br /><br />I just know there are better quality introductory DVDs and books out there.ANONhttps://www.blogger.com/profile/12926577383740823249noreply@blogger.comtag:blogger.com,1999:blog-9097104625320650090.post-80050171737502751182009-11-21T09:01:58.930-08:002009-11-21T09:01:58.930-08:00i posted the above two, while i watched two of syk...i posted the above two, while i watched two of sykes cds and study his method through sites like the above and looking at charts etc, i have not yet tried his method, i have even begun a database of pump and dumps thinking if a stock pays a promoter once, wont they do it again. well see if that works.again though if a newbie would ask, i would tell him to buy pennystocking part deux, perhaps first study sykes site, and see if he likes the method, can you cheat Covestor and its rankings?this all could be a manifestion of my personality, when i began to handicap horses years ago, i was convinced that trainer moves were the way to beat the game. i gave up since my database skills were never good. is there a rationale behind stocks and horses?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9097104625320650090.post-52765872324566156592009-11-21T08:50:43.394-08:002009-11-21T08:50:43.394-08:00heres a site from a sykes disciple, trades are sho...heres a site from a sykes disciple, trades are shown by video, interesting and very informative,<br />he says sykes stuff works<br /><br />http://www.reapertrades.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9097104625320650090.post-8443652414944329262009-11-21T06:13:30.048-08:002009-11-21T06:13:30.048-08:00the hucking of his cds etc are a burr, but how do ...the hucking of his cds etc are a burr, but how do you argue with his 1 ranking on Covestor? the pump and dumps also seem to portray definite patterns for a daytrader, they gain like a rocket for a few days and then plummet. ive never seen patterns so discernable.if you use stockfetcher, there is a scan:i tried copying it to here.let me know if there is interest , i will type it. perhaps im wrong , but the only system i would recommend to a new trader is to follow sykes, its simple, buy one cd, learn, perhaps one great drawback is the lack of ease finding shorts on some of his stocks.hey , you want to meet a real huckster, look at the price of the connors stuff, 5,000 for an rsi2 system.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9097104625320650090.post-41766579865423814772009-11-21T01:51:06.684-08:002009-11-21T01:51:06.684-08:00After reading the book (borrowed from the library ...After reading the book (borrowed from the library called internet ;-)) I can safely say this guy is addicted to money, status & gambling and is the last person you'd want to have running a hedge fund. The SEC rules saved a lot of people a lot of money in his case I'm sure. <br /><br />He's a salesman. Not an investor. That's my take on him :)<br /><br />PS: His book is basically hype propaganda for his website which in turn should get people trading the "wild west" pinksheets?!FXpropTraderhttps://www.blogger.com/profile/12121858421585781138noreply@blogger.com