30 Days Tim Sykes Challenge
30. Mar, 2009 
12 Comments
Today marks the start of my 30 days Timothy Sykes challenge. Some of you probably have heard of him before, but he’s made a name for himself by turning $13G into a million. Some of you maybe saying “What, is this guy for real? He can’t be legit. How can anyone turn $13G into a million?”
So is he real? Well how about I find it out for you?
He currently has a subscriber only service called “TIM Alerts” that lists all of his daily watch lists and how to play it. I’ve subscribed to his alert yesterday, and for the next 30 days I’ll see if I can end up profiting just from following his list. I’ll scan his suggested list of plays, determine whether I agree or not myself, and execute. You just sit back and see if it’s really worth $30/month.
Tim Sykes Challenge DAY 1 – SPRD
Tim quoted:
SPRD surged 90% on Friday after winning a big contract with Samsung Friday…even after the rise, the stock is trading at cash, book value is much higher, this is a value play that most people thought was gonna go out of business….reminds me of FEED and a potential multi-day runner, my girlfriend bought some right before the market close, I was too much of a baby….should have continued strength except for overall market weakness will hinder any huge rise…potential buy if it can breakout past $2, Friday’s high.
Looking at the stock, it had a huge rally Friday on a big news. As I posted before, I agree with multi day rallies on a big news. So I decided to buy it with a stop loss of $1.79.
Today it opened strong but ended up losing a ton of strength by end of the day (ended only a penny above the Friday close). Today’s bear market probably didn’t help either. Still too early to let go. I shall see tomorrow how it does, but looking at today’s weakness it could easily tank tomorrow. I’m ready to take a loss and let it go.
Good challenege, horrible trade…never hold a stock long when it fades like the way…the market didnt influence it, the market opened down big and SPRD was up big…learn my strategy before you lose money assuming you know how my strategy works. My girlfriend took her profits right away, that was a good move…this thing is now a probable short, learnnn before risking $ dude
Tim – I’m doing this challenge to see if it’s possible to profit from the subscription only. Definitely important to know your strategy and thinking behind it, but you can’t assume the “subscribers” know or will learn what that is just from the subscriptions. Not everyone will buy your DVDs
I still think it’s possible w/ just the subscription..and you’ve pointed that out many times before. It might help if you add more details assuming that the subscribers may not know your strategy.
Subscribers who trade without the tools i have created deserve the blatantly DUMB losses you’ll get…i have 30 hours worth of “strategy details”, use em
tellmeu at least cut your losses or sold at the morning gap up today
what happened to the 30 day challenge? did you get so filthy rich your not going to tell anyone about it?
I just signed up for his alerts too, just wondering what I have to look forward to.
haha I did try out for 30 days and wrote about it here and there. I didn't really make that many trades during the 30 days but I did gain some insight to the service. I wrote a review on it after the 30 days had passed.
Now that you're signed up, let me know how it works out for ya.
what happened to the 30 day challenge? did you get so filthy rich your not going to tell anyone about it?
I just signed up for his alerts too, just wondering what I have to look forward to.
haha I did try out for 30 days and wrote about it here and there. I didn't really make that many trades during the 30 days but I did gain some insight to the service. I wrote a review on it after the 30 days had passed.
Now that you're signed up, let me know how it works out for ya.