How's Tim Sykes making more money selling alerts than trading?

Quote from Roark:

Bernie Madoff made money over several years, should I bag him?
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Tim Sykes may be a shameless self promoter but he talks very openly about exactly what he is doing. Follow his blog for any length of time and you will find his strategy is discussed quite openly.

He is constantly bashing penny stock promoters so it is not at all surprising that they in turn try to bash him, but the information at the pennystock link ranges from disingenuous to deliberately misleading. The Covestor model mentioned is not the same trades that Tim does for his subscribers, it was supposed to be a more conservative strategy. The review I linked from CXO seems reasonably objective. Tim has an edge but his subscribers may not get such good entries and so may not achieve the same level of returns.

FWIW, I have never subscribed to Tim's services but I followed his blog for a while.
 
Quote from dwpeters:

Follow his blog for any length of time and you will find his strategy is discussed quite openly.

1) well, yeah, but lots of other people talk about their strategies without charging - either free or much cheaper - how much he does. one strategy his buying 52 wk highs. the other is shorting parabolic moves. both have been discussed for a long time.

2) except he doesn't discuss everything. people would say "hey, i can't short this stock (some crappy pink sheet stock)" and his response would be "i can, nyah nyah, don't be cheap and pay me $10,000 and i'll tell you who my 'secret' broker is".

i don't remember what the parameters were for investing in his 'secret' broker, but i know that his trading wouldn't have qualified him for trading in that account.

He is constantly bashing penny stock promoters so it is not at all surprising that they in turn try to bash him ]

except for the time that they're promoting his product (blue wave advisors). i'm on one of their lists so i can see what stocks they're shilling for, and one day, the tim sykes pitch was in my box from them. his defense? "they're my affiliates, i welcome them selling my stuff!"

>Tim has an edge but his subscribers may not get such good entries and so may not achieve the same level of returns.

there's no chance they do.

and as i've posted elsewhere, for new traders, shorting fast runners is one of the worst strategies to learn, because any slip in discipline can lead to blowing up the account.
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The last I saw (about a year ago), he had accounts with Thinkorswim, Sogotrade, and InteractiveBrokers. He liked using E-trade Pro for charting. Search his blog posts for that stuff.
 
Tim Sykes may be a shameless self promoter but he talks very openly about exactly what he is doing.
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YEP, and he is making more money than 99% of the ass clowns on this site. So, lets see......would one rather be pretending they make money...????? Or would one just make money and watch everyone else fumble around pretending?

Hummm.....:eek:
 
he needs folks to pile in after he trades, thus his high supposed win percent.

he's a frontrunner.

with his supposed record, he could make millions without having to pimp himself.

but he couldn't, since if he kept his mouth shut, he wouldnt have 500 turkeys banging down the stock after he gets short.

are you all fools?
 
He doesnt make as much money trading as he does from his subscribers for a reason...He cuts his profits short everytime to ensure that he is definitely making a profit..After being consistent with this, his track record goes up and this makes you want to pay for his services...As said before, its not easy to find shares to short...He does almost all the time, but not everyone can.
 
I explained his scam clearly . His followers GUARANTEE him a profit as he is manipulating the flow. Are you all imbeciles?\

No , don't bother answering that last question. It's redundant.
 
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