An American Hedge Fund Book Review On Dow Jones Newswire

[TimothySykes]

Quote from DHOHHI:

No competent trader screws with penny stocks -- end of story.

Not trying to rip you but you really aren't offering anything new to prospective traders. And pushing trading of penny stocks actually further reduces your credibility.

Exactly! Competent traders stay away from Penny Stocks so it's an easier playing field. I'll write about all stocks as I believe you can still make $ elsewhere, but Penny Stocks are my fav. Hell, I'm not that smart and I've had the greatest success in this widely despised market.

I could care less about credibility--as I hope I've shown--I care about making money. Within a year, I expect to have taught a thousand or so people the fine art of Penny Stock trading. They might not make as much $ as some other traders, but they won't have the same starting capital either and if they follow my rules, they'll never use leverage.

So you do your thing and I'll do mine and we'll see where we end up. 80-90% of traders lose money playing all different kinds of markets, let's see if I can do better, somehow I don't think it will be too difficult. This isn't about getting the last word in, this about opening people's minds up to ALL the possibilities.

 

[rateesquad]

You know what I love about ETers?
The fact that they hate people that try to promote themselves and make a buck. Jack, Tymothy, etc. LOL

 

[rcanfiel]

Quote from TimothySykes:

I could care less about credibility--as I hope I've shown. I care about making money.

You did. You have none, and you pimp the books and CDs

Within a year, I expect to have taught a thousand or so people the fine art of Penny Stock trading.

You might just become the next Ken Roberts. Rip off newbies by pretending to make it so easy. You make $300 off a DVD, and they lose $7 grand because they made the mistake of trusting you.

80-90% of traders lose money playing all different kinds of markets

And with your help, you might make 100% of your deceived readers lose their money

 

[rcanfiel]

Quote from TimothySykes:

No holes, just gotta work on not assuming people liek you know anything about trading.

1. Trading volume has little to do with what I'm talking about when I refer to scalability--I'm talking $ volume. 2-3 million shares traded is fine (actually a little low for my liking), but the dollar volume is only $2-20 million. My trading calls for quick entries and exits--I could never manage a $100mm fund using this, but people with a few thousand all the way up to $500k are safe. There's plenty of room for lots of people to make small gains each because I teach everyone to play these stocks according to their own personalities. So some people will be buying breakouts, some shorting breakdowns, some holding throughout.

2. You narrow minded people think just cuz I love trading and thats what created my wealth, I need to stick to it for the rest of my life. Forget that! I want to open trading and more specifically Penny Stocks to the mainstream--if successful, this won't be a private club anymore, this will be the new Vegas and you should encourage this because the inevitability of my strategies working to create some millionaires will draw lots of idiots in who don't buy my DVD and just want to speculate blindly. There will always be suckers, but people who buy my DVD will learn to take advantage of them and never be one (as I was with CYGT)

Snake Oil Salesman!! Avoid Tim Sykes!!