Tim Sykes follows the charts

[Dupe16118]

tim sykes talks too much shit

[NebunLaCap]

if he doesnt wanna talk about stock why is he on the fuckin show

[ketogenesis]

technically, the technical indicators will tell you the fundamentals through price action, people buy or sell because of what they think and the technicals react to that. So you don't need to know fundamentals. When he shorted penny stocks he simply shorted low demand, stocks fall on low demand because people sell, so I believe he got lucky there.

[ketogenesis]

with the automated systems out there, support and resistance levels are critical to trading. I dont care if the MACD and stochastics are both headed up - they will only head up to the next resistance level, then a decision is made from there, if it even moves to that level.

[ketogenesis]

you will see stocks make massive moves within mere minutes, then do nothing the rest of the day, because automated trading - the price reached a support level which triggered the response while the people were off at work, they come back home and see their stocks are up 300%.

[phonedial9]

Lebed rulz

[Mustafoinc]

I give him props for what he accomplished.

[cameron6136]

This kid watched "boiler room" a few too many times and lost his one-man hedge fund shop. I guess he couldn't predict the markets after all.

[Flyaaaa]

That's not true, cameron. He was a good penny stock trader but a hedge fund requires much more than just operating on individual penny stocks. Hedge fund managers short sell currencies, large cap stocks, derivatives, etc.

[anger42]

eh eh....i think he watched boiler room too many times and turned out to be a LUCKY penny stock investor. In reality thats all you are if you succeed with that kind of investment. Penny stocks dont have any history behind them...they are a shot in the dark and blind success. You dont know how their company is going to turn out. He doesn't really even to fundamental analysis...for the most part he is all technical. very risky stuff.

[miami87]

you dont really need fundamental analysis when your short term and scalping, its all technicals and tape reading... his downfall was money/risk management, which is obvious if you see his biggest win and loss explained in WSW season 1

[axe863]

@miami87 Yes, pseudo-science is great for short term investing

[miami87]

not necessarily, hedge funds can do whatever they want, its just that most fit the global macro model

[buyystocks]

grdsf is winner 4-6m months could be a 10 bagger.

[mrkakaka91]

@Flyaaaa true, very true.

[Dupe16118]

@Flyaaaa but he didnt do much of anything BUT PENNY STOCKS so your answer is irrelevant.

He admitted he got greedy and put alot of his money on one particular penny stock which screwed him

[powerbookg]

It was pretty good until it was clear he had no idea what company Mosaic was.