Timmmmmay-- #1 once again..smoke that playahatas!

Quote from marketsurfer:

SYKES response to the elite haters has hit the PR news wires, funny crap!!!!

http://timothysykes.com/2008/11/25/...s-really-are-they-must-be-investment-bankers/



EliteTrader Debating Me: Step Right Up & See How Ignorant My Haters Really Are, They Must Be Investment Bankers!
Posted by Timothy Sykes on Tue 25th of Nov, 2008 03:25:45 PM Tags:
Haters



A few people sent me this link saying that the fine folks over at Elitetrader were debating whether my 195% return, now 209% after today’s 15% gain, or $1,700 on SRI (detailed post, TIMalert testimonials galore coming soon), $12,415 to $38,367 since November 1, 2007, was real.

And whether my subscribers/DVD students were actually making any money.

A few comments I see from the mental midgets–no wonder why 90% of traders lose $–like:

The biggest thing is that Sykes is notorious for fantasy shorting impossible to borrow stocks.
I’m sure Covestor doesn’t impose a “locate” on those stupid fantasy trades.
The whole site is a joke.
No locate = no trade = NOT REAL RETURNS.

So that makes his 195% return mean nothing.
A meaningless stat like that is exactly what snake oilers like Sykes use to lure in the newbies.
P.S.- His lemmings are just piggybacking his trades, hence the same returns.

Sharpe ratio of 957.24 and return of 3,612%. That’s realistic, I can’t imagine why he isn’t managing a couple of billion, just sayin.
By the way I have no ill will towards him, but come on surf you mean to tell me he isn’t gambling?

Sykes is just a used car salesman. Go to his site. The guy is selling anything he can. His trading style is fine for guys who want to trade 100 shares of some illiquid stock and make 30 dollars a day. Who knows (or cares) if his trades are real. Who knows if those stocks are shortable. The guy blabs about having a huge return…..well….if you dont want to make real money then go follow his lead. His strategy is ok for the retail guy with 5k in his account who wants to supplement his real income with some extra cash.

Not for nothing….but we are in a bear mkt……when things turn and the mkt goes into an uptrend his startegy will be rather useless.

You made the point better than me. He is selling a product that is basically a gambling system. And the odds are stacked against you because of the nature of Penny Stocks - low volume, big swings.
I would venture a guess that the vast majority of his subscribers lose money…and many b


Wow, where to begin…I guess I’ll take one ill-researched assumption at a time:

1. For the 83874738483rd time, Covestor taps into real trading accounts, it’s not fantasy trades. Get that through you microscopic brains. If I can’t find the borrow on a stock, I can’t trade it and Covestor can’t verify it. Go back to your shanties!

2. 195%, now 209% means nothing? Maybe not to anybody who loses money consistently, considering they can’t even fathom such an annual return, but to everyone who wants to earn money in the stock market, it’s incredibly important. And when it’s verified like Covestor does, that means I dominate all other gurus/this joke of an industry. Bring it bitches, you got nothin!

3. You’re right, I’ll never manage a couple of billion, its a limited scalability strategy, hence me giving it away…I tried telling these retards when I first was on ET, but gave up when I found out most posters were illiterate.

4. When the market turns, I’ll be in heaven with tons more potential plays since I SHORT INTO STRENGTH. Notice why my watchlists are 20-30 stocks long when the market goes higher? My god these posters must be investment bankers, their inability to research is astounding!

5. 100 shares of an illiquid stock? Uhhh, I trade on average 2-3k shares and I’m usually no more than 1-2% of the volume. Wait til my account grows, can’t wait to slam my everybody-crushing (%-wise people wake up) results down these pissants mouths.

6. Actually since I pick my setups extremely carefully, I believe the odds to be on my side each and every time. The moves aren’t random and as my instructional DVDs teach, they’re pretty easy to differentiate between all the patterns and variables. As for my students losing, well that’s tough considering I’m right about 80-90% of the time, but I’m sure some do lose.

I could pick apart dozens more comments, but it gets old, those were the main assumptions and I have better things to do, like celebrate my massive gains/income from my biz model.
More...



Surf do you actually read what this clown writes? He is going to be in heaven when the mkt rallies? He...umm...sells into strength. Too funny...Tim and his big 2000 share orders holding the mkt down.

When this mkt goes into bull mode, he will get slaughtered like he did before. He is a one trick donkey show.


He whines on his site how he left ET because nobody understood his complex ways.....too funny.

The problem is..on here there are actually experienced traders who called him out......he got flustered and left with his tail between his legs. He now caters to the new/uniformed trader who drinks his kool aid. Any person with any mkt experience realizes how limited his strategy is. Too bad he doesnt have the guts to post on here and now hides on his little site like the true coward he is.


I miss the curly haired punching bag.
 
Quote from Clubber Lang:

LMAO.

Big Trader Tim is up less than $26,000 in over a year's worth of trading.

$480 a week BEFORE taxes.

That's less than a hamburger jockey at McDonald's.

Mods, please close this asswipe thread.
More...

Hopefully his suscribers don't realize this...paying a guy money for a 'skill' that generates him less than minimum wage.
 
Quote from Thunderdog:

I would think that a "limited scalability strategy" is the most susceptible to failure when shared with others. Am I missing something here?
More...

Exactly....the guy has a flawed strategy that can only be traded in tiny size....then goes out and blabs about it.


All that hard work to make 25k a year.....Sykes would be better off working the fry-o-lator at McDonalds.
 
Quote from marketsurfer:

I latch onto no one.

however, i do defend my friends.

surf
More...

Okay:

a) Why is this thread not in chit chat?

b) It doesn't count as defending your friends when you start the fucking thread you retard. You can't start a thread about Spammmmay and then when he gets picked apart start saying you're defending him.

You started this thread to spam. You are not defending him.

P.S. Remember when you wrote that glowing review of Covel's Trend Following book and then changed your mind because you decided you wanted to kiss Vic's ass and act like you didn't believe in trend following? Kept trying to get it taken down and all that. What a trip. LMFAO!
 
lmao, 26K a year. why even bother waking up in the morning. thats just enough money to rent a room in your parent's basement.

not that 26K is a small amount. it would be great for someone in their first year of trading. but not for someone who has been trading 8 or whatever years....

pathetic
 
Is Tym Sykes up more than 100k from his trading in 2008? If not, I am unimpressed... 195% return without stating acct size makes me think he took 10k to 30k (that is very very easy to do, I don't care what you guys say, it's easy)...

I took a 5k prop firm deposit to 6 figures in less time than Sykes... in 10 months... so what? That's minimum acceptable performance for this profession. If I went around to my colleagues talking about my "earth shattering 2000%+return," everyone would look at me like a douchebag.

Why are the standards so low? This is daytrading folks... in the best market conditions since 1999, possibly even better market conditions for some... historical once in a century volatility...

Market Surfer, can you please explain how you find his performance impressive?
 
Hmmm Marketsmurf master market caller is "defending" Timmay and getting a hard on for $26k or so in earnings. Well I can understand that since $26k is more than Smurf has made in trading.

Birds of a feather flock together.
 
Quote from EPrado:

Exactly....the guy has a flawed strategy that can only be traded in tiny size....then goes out and blabs about it.


All that hard work to make 25k a year.....Sykes would be better off working the fry-o-lator at McDonalds.
More...


The thing is prado, timmmay is not selling this method to professional traders. his audience is the average joe looking to supplement their income--- nothing wrong with that.

there are plenty of people who an extra 10k/year even will make a world of difference.

surf
 
Quote from Mike Okistini:

Hmmm Marketsmurf master market caller is "defending" Timmay and getting a hard on for $26k or so in earnings. Well I can understand that since $26k is more than Smurf has made in trading.

Birds of a feather flock together.
More...


its a capacity constrained strategy, i will give you that.

however, for the average joe, making a little extra coin is all that is wanted.
 
You must log in or register to reply here.
Back
Top