Most have once in their trading career a lucky strike. The key is to do it consistently year after year regardless of market conditions. We all know about Larry Williams amazing performance of 1987,never I saw performance numbers after that. You also plan to live off your 1 time performance by selling "stuff" ?
Quote from TimothySykes: Everything you say is based on assumptions, read my book and it'll explain why I've chosen this path. This is not some BS get rich DVD, its the first honest DVD for Penny Stocks, which don't have a good reputation. My CYGT trade is my excuse because I like what money I have left so I can't go risking it like I once did. I can't raise $ because all my friends and family were right there with on CYGT so they don't look likely to give me any more $ anytime soon. I could trade smaller, but whats the point in that--there's so much $ to be made with these patterns, people need to be given a chance to learn about them and use them. Most people that penny stocks do fail because they don't posses the knowledge/experience to avoid the pitfalls. This is what my DVD teaches.
Tim, my grandma bought JRJC at the open today after hearing that you were recommending it. Its now down 7%, what should she do?
Tim Sykes needs to help Vic Niederhoffer with his blow up, maybe Tim can show how you ignore certain unfortunate trades!!
Aren't those snake oilers fun to fool around with, anytime you ask them to show in real-time how good their stuff works, they find some excuse, maybe I should write a book titled "Excuses of the snake oilers" LOL Tim, Why you don't start a penny stock advisory so you can frontrun in the classic "pump and dump" scheme ?
I will once I get all setup with my individual accounts again--closing a hedge fund down takes a few days LOL On the contrary, my losses have made me much wiser as any DVD from somebody who's not scarred could be a very harmful product. Now I've seen both sides of the coin. I bring up the CYGT trade just to show that my trading strategies are not to blame for the 1% annual returns---they still hold true. And as for picking winners, that's not the problem, my risk tolerance is shattered and I find it's more fulfilling to help teach others how to fish. It's not gonna be easy, but I think I'm up for it.
Quote from TimothySykes: Everything you say is based on assumptions, read my book and it'll explain why I've chosen this path. This is not some BS get rich DVD, its the first honest DVD for Penny Stocks, which don't have a good reputation. My CYGT trade is my excuse because I like what money I have left so I can't go risking it like I once did. I can't raise $ because all my friends and family were right there with on CYGT so they don't look likely to give me any more $ anytime soon. I could trade smaller, but whats the point in that--there's so much $ to be made with these patterns, people need to be given a chance to learn about them and use them. Most people that penny stocks do fail because they don't posses the knowledge/experience to avoid the pitfalls. This is what my DVD teaches.
He and his family still have tons of CYGT stock if you want to buy; say a dime a share. Not bad for a penny stock.....
Lots of entries and exits, I was in when the stock started trading in March 2005 and still have too many shares (mostly restricted and all disclosed at the end of my book)