As I wrote previously, I have been trading stocks using Tim Sykes’ trading system. This has been quite profitable for me (but is not my most profitable trading strategy). To update my previous post, since then I have made only about $6,000 more trading Sykes’ system. November and December were tough for me in most of my trading (in one trading system I have been using for 6 months, I saw an 80% draw down) and I messed up lots of things; I also dealt with an injury to my wrist that made trading more difficult. Despite all this, I never lost a substantial sum of money on Sykes’ system and continue to believe in it.
Probably the best reason to believe that Sykes’ system works? Look at his trades on Covestor. This comes straight from his brokerage account, so it cannot be faked. So many people who sell trading systems won’t give their real trading performance. The reason is because it is usually very bad. (Please keep in mind that Covestor does not account for cash in a trading account, so the raw percentage return is incorrect; so instead of a 2000% return, Syke’s return since the fall of 2007 is more like 300%.)
If you want to give Tim Sykes’ system a try, I suggest reading all his past blog posts in which he describes his trades. Then consider purchasing his Pennystocking 2 DVD and/or his TimAlerts trading-notification service. (The one problem with TimAlerts is that so many people now subscribe that his followers move the market with less liquid stocks.) I recommend avoiding his other DVDs: TimRaw is one long ramble, Pennystocking is very basic (just use wikipedia and buy Tim’s book), and his new TimFundamentals DVD seems pointless–he has already explained the material in that DVD on his blog.
Disclosure: I am an affiliate of Tim. I am also a TimAlerts subscriber for life and have purchased his Pennystocking (1 & 2) DVDs and have attended his trading seminar.