My Presentation from Timothy Sykes 3rd Annual Las Vegas Pennystocking Seminar

[KaliAndy2]

the losers are 3-4-5 days. winners get out same day. I'd suggest doing the opposite. Dump losers same day, keep winners longer.... Whats the point hanging on to the losers and selling winners right away? Stay in bad trades get out of good ones?

[timothybohen]

@KaliAndy2 Yawn, same thing everybody says, I've heard it a million times by guys in message boards and on twitter, and they all disappear in time. Saying things is a lot different then doing things. Especially long term.

[KaliAndy2]

I buy a stock and it never works. I can buy the top 99 out of the 100 times. I am not good at it.

To do well you'd have to short high up. So if you are good at shorting why would you want to buy the top 99 out of 100 times where you are presumably shorting? To catch short at the top look for parabolic move + massive/peak volume. Good buy is inverse of the short. How can you get one but not the other? same concept upside down.

[timothybohen]

@KaliAndy2 My point is I'm not good at going long or buying breakouts. Thats why I was making the point of doing what I'm good at. And sorry, just because a stock goes parabolic does not mean its always a good short. Easiest and fastest way to go broke is randomly shorting stocks that are up big on high volume. Good luck with that.

[KaliAndy2]

@timothybohen "And sorry, just because a stock goes parabolic does not mean its always a good short." Actually when there is a prolonged steady move and the stock finally goes parabolic it almost always creates a big top. It is also the time when volume goes through the roof and 80-90% of the time peak volume will be @ exact top. There is nothing random about it. Its a perfect set-up. Just something I picked up on over last 13 years trading while making 10,000s of trades.

[KaliAndy2]

@timothybohen never suggested you buy breakouts. just amused at your suggestion every time you go long you buy exact top. If you are a good shorter thats where you'd be going short. if you can't differentiate good vs bad long how can you differentiate good vs bad short? long and short is exact inverse. just flip chart upside down. lol tops/bottoms even have same characteristics while forming.

[schizophreniak]

Had no clue Tim Sykes was a Philosophy major. My mom has a philosophy degree.

[MikeWagner23]

Good stuff man. Looking forward to this year!

[kfedyanks]

"this is pennystocks man, 90% of the ppl are f*ckin idiots" lmao

[timothybohen]

@xjthingx Ahh I don't think even if it did get views I would make a dent in the pennystocking universe. Sykes has been promoting like a mad man for 4 years and this info is still hard to come by!

[Aornum123]

Great presentation! Whats the name of the stock screener u mentioned, redcandlefloater ??

Thanks

[timothybohen]

@Aornum123 Google "mike the 13th, I'm gonna try" this is a snippet from mid way down on his post

"Next I scan for red candles at, or even better, out of the UBB (called floaters). This of course is run nightly and is short biased. The red floater is often the kiss of death imo."

[timothybohen]

@Aornum123 And thanks for the kind words! I wish I had rehearsed at least ONCE, it would have cut out the umms and uhhs!