Timothy Sykes TimAlerts Review - The First Month

After a rocky start where I was ready to cancel my subscription, I am now really happy that I didn't.

One of my original complaints that Timothy never goes to the chat room, turns out to be not that big of a deal. One day I asked who was making money and several people said they had not made any money off of Timothy's Alerts, but that they had made money from the chat room. That really surprised me.

TimAlerts Bad Start

I made one really dumb mistake, where he got out of a stock going down and took a small loss. I added to my position and took a large loss. That was my mistake and it cost me an extra $1000 bucks.

Even with that idiotic mistake, my account is still slightly up for the month.

And I can see how he plays these stocks and I feel like I am starting to learn something from watching him trade.  So over all I am pretty happy with my decision to sign up for TimAlerts.com

I think it does depend on your background, and what you think about penny stocks.

First off, I should say that before I signed up I like the idea of "Pump and Dumps".

I have looked into them before, but my idea was to try and follow someone who was reporting to the SEC how many shares of a company they owned.

This gives you information that is months old, and most good pump and dumps last about 3 days, or less.

So having month old information is pretty much useless.

As a side note, I also like HYIP's I just could never figure a way to consistently make money with them.  The one guy I really liked who was researching them quit so I kind of gave up on them after that. The amount of time it takes to find out who is really running the HYIP and their history, is just not in proportion to how much money the average person like me could realistically make.

This brings me to Timothy Sykes, and his penny stocks. It's basically the same concept...
someone pumps a stock, and either he buys it on the way up, or tries to sell it on the way down.

He also throws some other penny stock plays in there, like stocks being added to one of the major indexs.  These stocks can really run up based on this.

Or stocks that have had 3 big days up, then is a good time to short them.

These are all things I have learned in the last month, and made some money on.

I have also noticed that several of the stocks Timothy Sykes buys run up when he puts out his alert, and some people are buying them fast then waiting a couple minutes until the buying slows down and then sell for a quick profit.

This is not a bad strategy, I have seen it work several times. My thought would be to maybe double my position when I have figured out more about which stocks get pushed when he buys. Then sell half after the run up and hold the other half until he gets out.

Timothy pushes his DVD's a lot, but you get used to that pretty fast and then just kind of ignore it, (or make fun of him behind his back, LOL).

TimAlerts.com Review Conclusion

Now I am kind of wishing I had signed up for the year and saved some money, because if his service keep this up I will be a subscriber for a while.

Any alert service where you are up the first month, while you feel your learning something, is pretty amazing.

To keep track, my brokerage account is currently at $28,294.

Hopefully it will be more than that next month.

July 27th, 2009