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rogersjeff7
 

Registered: Jan 2008
Posts: 120

 

05-11-08 03:11 AM

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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atticus
 

Registered: Mar 2007
Posts: 4373

 

05-11-08 03:17 AM

What strategy? To turn millions into thousands?

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rogersjeff7
 

Registered: Jan 2008
Posts: 120

 

05-11-08 03:21 AM


Quote from atticus:

What strategy? To turn millions into thousands?



lol, hopefully! but i don't want to take on big risks so i'll play it safe and be happy with $50,000 or $100,000 in profits

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western
 

Registered: Mar 2008
Posts: 83

 

05-11-08 03:53 AM

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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rogersjeff7
 

Registered: Jan 2008
Posts: 120

 

05-11-08 04:09 AM


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.



thanks, i will be playing it very safe, much safer than most to be sure

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cabletrader
 

Registered: Dec 2007
Posts: 4001

 

05-11-08 05:49 AM


Quote from atticus:

What strategy? To turn millions into thousands?





Quote from rogersjeff7:

lol, hopefully!



LOLOLOL

No wonder you're a Sykes follower!

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