"I ask the above because the guy seems like the type that prefers to deal with someone in person on issues like this to remove all the bullcrap to goes with anonymous user requests." it is another trick to keep people in the dark. why should I when marker surfer has them? did you read my comment that marketsurfer ignored? 'zdreg Registered: Oct 2003 Posts: 8123 03-24-13 08:32 AM here is another part of this joke. http://www.elitetrader.com/vb/showt...0&pagenumber=17 take a look where he made his profits. only 20% or roughly six grand came from trading penny stocks, with no proof it was on the short side." the reason he didn't respond is that i am reaching the core of sykes' action. the fact you ignored it shows that you have a hidden agenda.
Basically, your answer is that you have no intentions of asking Sykes to show you or post one year of statements with transactions. In contrast, you prefer others (e.g. marketsurfer) to get that information for you and then give it to you. You scared to talk to Sykes, email him. As to my agenda, if you've read any of my past posts involving my own debates, arguments against surf, sykes and others...there's no agenda except as I hinted earlier (you probably ignored the commentary) that I think its ironic now because usually its surf demanding statements, audit records or whatever and if they are shown...the person has no edge and was just a lucky trader. Regardless, it should be obvious by now you aren't going to be able to force surf to do what you should be doing yourself. Yet, Sykes does have friends and girlfriends...you could contact one of them to see if they can ask Sykes for the information for you considering you seem kind'uv shy to do it yourself. P.S. I'm just messing with you but I do think you should try contacting the Sykes guy.
when it comes to hard numbers marketsurfer has disappeared. it is exacty as expected. here is another part of this joke. http://www.elitetrader.com/vb/showt...0&pagenumber=17 take a look where he made his profits. only 20% or roughly six grand came from trading penny stocks, with no proof it was on the short side." the reason he don't respond is that i am reaching the core of sykes' performance. put up a year of statements with transactions. you have them.
He is a scammer. But scammer in a different sense, not the typical sense. He does not make money trading. He makes money selling dreams, and selling greed. .Puts up his pictures and videos to entice people and to get them signed up. By showing his money around, he gets people enticed and makes them thing they can do it only if they follow his strategy. But the truth is, all the money he makes, it is not by trading. He makes his money selling dvd's , Selling courses, selling videos, selling alert services and running other ventures , other traders alert services commission from brokers etc. That is how he makes his money but not trading. No wonder his hedge fund collapsed, Returns from alerts have been declining every year. How does he even get those declining results , its simple He trades penny stocks or stocks which are low float and low in volume thus making them easy to manipulate. Then he buys or shorts them and alerts it to his subscriber base. His un-informed ignorant subscribers quickly follow him. When the whole subscriber base follows him, Those low float low volume stocks suddenly get a surge in volume. As the low float low volume stocks have a pretty big spread, they quickly jump due to the buying. He later dumps the stock to his subscribers which are following his alert. So they push it up for him and he sells on them to make his money. Thus even though there was no strategy etc. He can still make money while his subscribers lose. A few people who got in early would have made money, then he calls them his top students and posts about them that they made money, but what about the 90% subscriber base that is losing money. If the stock fails to move after his subscribers were alerted, He adds small position to alert them again and again lol. If that is not enough, After getting into a position he writes a blog post about it and gives it out for free enticing the public to push it up for him. So in essence there is no strategy, if there was he would trade proper liquid stocks. Also all his DVD's and video lessons are the same, just talking about how much he made here and there, but no educaiton whatso ever. In his millionaire challenge he basically charged 5-6 k and gives you all his dvd's, manuals etc plus 1 yr in his alert service. What sort of millionaire challenge is this lol. Just bundling up his services . To test the millionaire challenge out. A few guys tried something. He says i do not accept everyone, and only accept committed students etc, but that is BS and just to create hype. 5 of us gave interviews at lest 2 different times, Totally different everytime and even acting like we do not understand everything etc. We were selected each time lol, They said its fine, just enroll right now. You are chosen lol. He said we only accept a few students each year, then how did all of us get selected ALL the time lol. Investimonials.com is also owned by him, so no surprises the reviews will be good, there is no way to know he there were some that were deleted. Profit.ly where he posts his stats is also owned by him, so he can input whatever even if he did not actually take the trade. But i am sure he did, easy to pump it to your subscribers. He sometimes alerts a low volume , low float stock right around the close so that its a scramble for his subscribers to buy and it pushed the price up at the close and some of them buy after hours or pre-market which makes the stock gap up and he immediately sells. In his alerts he says, he plans on holding it for few days or even a week, but as soon as his buyers get in and price is up a few cents, he dumps it on them.. Tried out all his services, total waste of money and he is no legit. However, i will recommend his book, Million $ hedge fund, that was a pretty good read. He is a motivating person in terms of making money, but if you are looking to learn how to trade, then run far away and look elsewhere
" He sometimes alerts a low volume , low float stock right around the close so that its a scramble for his subscribers to buy and it pushed the price up at the close and some of them buy after hours or pre-market which makes the stock gap up and he immediately sells. In his alerts he says, he plans on holding it for few days or even a week, but as soon as his buyers get in and price is up a few cents, he dumps it on them.. Tried out all his services, total waste of money and he is no legit. However, i will recommend his book, Million $ hedge fund, that was a pretty good read. He is a motivating person in terms of making money, but if you are looking to learn how to trade, then run far away and look elsewhere" +1 _____________ how about a monthly statement, mr surfer?
Oh yeah haha. Not a million $ Hedge fun lol since it went bust. But good book overall. Good fast read.
His biggest win* in the last month was actually a long, REFR in the pump phase....(or it was news) "timothysykesApr 05, 4:10 PM I bought the stock on 4/1, averaged out and closed out the trade on 4/5," *That win was actually more than all other wins altogether. So is he really a shorter, if he makes more in longs? Edit: out of 19 trades 8 were longs and he made way more money in the longs