Tim Sykes follows the charts
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tim sykes talks too much shit
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@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
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if he doesnt wanna talk about stock why is he on the fuckin show
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@Flyaaaa true, very true.
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@miami87 Yes, pseudo-science is great for short term investing
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grdsf is winner 4-6m months could be a 10 bagger.
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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%.
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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.
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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.
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Lebed rulz
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I give him props for what he accomplished.
Mustafoinc 2 years ago 5
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.
Flyaaaa 2 years ago 5