Jeff R.'s Trading

Quote from VictorS:

I am not familiar with this strategy. How do you decide when to get short? Do you have price targets?

note: Can you elite members just watch this journal unfold. Let's see if there's substance here. Too many times you all ruin threads.:mad:
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thanks for giving me a chance! according to the rules of tim's dvd and blog, i look for the biggest 5-day % gainerss on stocks trading under $10, then i filter out all those that are being promoted by "pr firms" and newsletters:

CNEX:

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cnex#getNews

NNVC:

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=nnvc#getNews

then it's just a matter of locating shares to short for possible breakdowns after the buying due to the newsletters and spam subsides.

tim went short CNEX today, but said he was early on his short because he had an interview to go to. even though it has a 5 million share float, i didn't try to short that one because tim broke his own rules about waiting to short until a stock goes negative on the day. I did reserve 1,500 shares of NNVC, which went negative, but i didn't pull the trigger because it was too low priced for my comfort zone

very interesting strategy, but it's going to take me a while to get used to these kinds of stocks
 
Quote from VictorS:

I am not familiar with this strategy. How do you decide when to get short? Do you have price targets?

note: Can you elite members just watch this journal unfold. Let's see if there's substance here. Too many times you all ruin threads.:mad:
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VictorS is right. We should let this journal unfold.

Tim, good luck with your trading! I truly hope that you will make a come back!

Sincerely,

Pension_Admin
 
Quote from western:

Good luck to you. Be aware that shorting micro-cap momentum stocks is a high probability/high risk strategy.

Most of your trades will net you decent gains, but once in a while you'll short a stock that isn't done spiking, and you'll be sitting on a huge loss if you're not careful.
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I have seen 5000 share short positions turn into clearing firm destruction. If you are short an illiquid stock, life will suck.
 
Quote from hittinbidz:

I have seen 5000 share short positions turn into clearing firm destruction. If you are short an illiquid stock, life will suck.
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People need to know that the market is a sucker's game. The biggest suckers are the general investors and in a way, they are the biggest driver for mutual fund actions. Hence, when someone play in the small caps game, the suckers are no longer there. So, if someone don't know who the sucker is, then that someone is probably the sucker.


Pension_Admin
 
Quote from rogersjeff7:

hey everyone, my name is Jeff and i am a student of Tim Sykes. i am somewhat new to trading but based on timmayyy's theories and his blog, i've already made a few thousand dollars in a few weeks and following his goal for industry transparency, i'd like to similarly share all my wins and losses

his dvd thread here on which i had begun posting my trades apparently got deleted so i've created this thread to document all my trades to act as my journal so we can all see if there's anything behind shorting parabolic microcap patterns or not

even though we both live in ny, understand i'm in no way affiliated with him and yes, i still think he's an immature kid. but i also think the outright dismissal of his strategy is unfounded

so lets leave the trash talk behind and just talk trading for once. i'll post my trades as close to real-time as possible although i also have a regular job so it might be tough. right now my account is $28,036 (up $3k in 2 weeks) and following tim's latest trade, i shorted 2,000 VRML at $3.45 (previously posted on the dvd thread).
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I read Tims book and I didn't think it was a bad book. For someone who is interested in starting a hedge fund the book gives some insight as to the struggle one will have.

Having read the book, seen wall st warriors and some youtube With Mr. Tim Sykes my final impression is that he was lucky and without the maturity level to deal with his lucky streak.

While I don't agree with everything I read in the book 'fooled by randomness' I strongly suggest to the OP that he reads that book ASAP.

Perhaps Tims problem was lack of risk discipline/management (appears to be at least part of his problem) but do you really want to follow that kind of person?

I wish you the very best of luck and I hope you do well. Your just starting out with this strategy so just remember that you don't have to make all the money in the world overnight. Go slow. Don't let one of two trades have the ability to destroy your account.

Respectfully,

Bob
 
Quote from 1Reason:

I read Tims book and I didn't think it was a bad book. For someone who is interested in starting a hedge fund the book gives some insight as to the struggle one will have.

Having read the book, seen wall st warriors and some youtube With Mr. Tim Sykes my final impression is that he was lucky and without the maturity level to deal with his lucky streak.

While I don't agree with everything I read in the book 'fooled by randomness' I strongly suggest to the OP that he reads that book ASAP.

Perhaps Tims problem was lack of risk discipline/management (appears to be at least part of his problem) but do you really want to follow that kind of person?

I wish you the very best of luck and I hope you do well. Your just starting out with this strategy so just remember that you don't have to make all the money in the world overnight. Go slow. Don't let one of two trades have the ability to destroy your account.

Respectfully,

Bob
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the main problem with tim is that he tries to be over the top just to get attention, but other than that he seems pretty harmless. and yes i'll definitely go slow with this strategy, not even worried about VRML tanking another 15% today
 
Quote from Pension_Admin:

Is Tim really harmless?
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Quote from Compulsive:

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lol
 
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