When I see emails and blog comments from people asking about random ass stocks like Sirius Satellite Radio Inc. (SIRI), Ford Motor Company (F) and China Finance Online Co. (ADR) (JRJC), I know I haven’t promoted my instructional DVD PennyStocking hard enough. I thought I was doing a good job, but it turns out I was wrong. Cuz if you had seen it, you’d know its central theme is to only trade worthy opportunities being a.) incredibly volatile stocks—think up 50-300% in a few days and b.) inefficient stocks—think spam stocks, message board/newsletter pumps…stuff like NTI…NEVER would I recommend playing large liquid companies that everyone and their mother has some opinion on. On those, you have no odds whatsoever, so it’s no wonder why so many traders lose money.
You’re overtrading.
Trust me, I know how addictive the kinds of profits you made on PDO, MXC, FPP, and ROYL can be, but now you gotta step back and realize those patterns are gone now. As I anticipated, traders of smallcaps—where there’s only a few truly worthy opportunities per week—need to be distracted/entertained the rest of the time….and that’s why I’ve already uploaded more funny/educational/wastes of time videos to TIMtv…Watch these anytime, but if you feel the need to profit and you rationalize trades by saying to yourself “let’s see how this goes” or “after all, trading is like gambling” or the worst “win some, lose some”, immediately go to TIMtv and stop trading! Your account will thank you…and remember LiveStock tomorrow at 1PM EST not so sharp!
Great great clip about pump and dumps, the guy beat me to it
Mariah Carey throwing a baseball…funny stuff
Awesome angry Bill O’Reilly clip
Criss Angel levitating from building to building…superb time waster
The secret to Criss’ trick
Oh yeah Criss can also walk on water
Famous failures
Cramer’s most famous clip
Santelli vs. Cramer
FOX jokes about killing Obama, as in president-to-be
Show me the moneyyyyyyyyy
Classic office fight
Cute little kid likes Cramer
Wall Street Warriors Season 2, just not the same, right?
And if you really need to waste some time:
Posted in Bad Trades, DVD, Impatience, TIMtv, Videos