Sure, sure, lots of people on this site are posting they’re making money from PennyStocking, TIMalerts has like 20 winners in a row & testimonials galore from subscribers who are banking, but the real test of whether or not I’m succeeding in getting people learning and earning is a.) if they’re proving it on Covestor (which taps into people’s actual brokerage accounts to verify returns and (follow my trades and see my returns HERE, trust no blogger who ain’t on it, their words ain’t worth sh%^ as they’ll DEFINITELY beef up their returns to make themselves look/feel better) b.) they’re blogging about their trading because they understand it’s all about sharing their trading and theories openly (well, you’re reading my blog aren’t ya?).
Judging by Covestor’s leaderboard (click HERE to view), I’m encouraged to report that I’m certainly succeeding as two other Pennystocking regulars, Yngvai and Yaktipper, #11 and #2, respectively, are right atop the leaderboard with me…and more importantly, they’re both frequent commenters on this site and GOTS, with one, Yngvai, even creating his own blog, cleverly titled “Welcome To The Gutter”
Yngvai is building on his numbers, up 40% on the month, and his profile reads:
I focus on microcap and smallcap plays. I look for stocks that have a chance to make big movements within a day. I do most of my trading in the morning after the market open, or in the last hour of the market. I will go long or short depending on what presents the best opportunity.
while Yaktipper is up 20% on the month and describes himself as:
My name is Paul Casimir, and I am an Internet programmer living in Wisconsin. My investing history is full of lucky breaks. The first real capital I had to work with was from stock options I was able to cash in after a buyout of the company for which I worked. Not long after, a financial scandal was revealed in the parent companies (HBOC & MCK) that made fool.com’s top 10 scandals of the year, and sliced the stock price by 75%. Cashing out those options was lucky break #1.
Lucky break #2 was riding the .com wave. AOL, Dell, Amazon, and search engine companies grew my $18,000 into about $75,000 in less than 2 years.
I began to sink into day trading, but the stress was too much for me and I bailed out of the market completely except for a bit of AMZN just as the bubble was beginning to burst. That was lucky break #3.
The small amount of AMZN I had left sat for 7 years, losing up to 90% of it’s value at one point, but recently ending up as a 50% return for me (over 7 years, but I’m not complaining).
Timothy Sykes has sparked my interest in investing again, and I’m looking forward to the ride.
Now people can and will say whatever they want about me and my strange little strategy, but these guys make me proud. Who woulda thunk a guy with a trading DVD/newsletter would ever have any real life/confirmed testimonials (certainly not anyone else in this BS industry) (yup, that’s a dare to the thousands of motherf$%^&ers out there who have dvds, newsletters, seminars, but for some reason, whose students aren’t up on Covestor, let alone themselves, proving day in and day out the value of their strategies, I, and everyone else, will just assume you’re guilty of being part of the 90% of traders who lose aka a fraud)!
I imagine a day when Covestor’s leaderboard is ALL PennyStockers because there’s just no way that any other stock trading strategy–yup, not including options–can match the kind of percent returns of which PennyStocking is capable. I could be wrong, but considering all the other “trading teacher” cockroaches don’t share openly–as if they’re afraid or have something to hide (yesss, it hurts, doesn’t it you frauds?)–my strategy has no rivals.
More importantly, I love that my peeps have realized it is all about sharing openly, not bragging, but documenting their successes AND failures. I imagine a day where there’s thousands of blogs and publications written by Pennystockers…
After all, in just 6 years, William O’Neill has sold millions of copies of his CANSLIM stuff–it was my first trading book and I highly recommend it–and his system isn’t even as good as PennyStocking, % return- or honesty-wise (although it will always be more popular cuz after the first bit of research, there’s not as much work involved aka people are lazy)
People frequently ask me “what happens when too many people are following TIMalerts or trading the same stocks the same way?”–guys, there’s no one way to play, you can buy breakouts, short breakdowns, focus on the short, intermediate or longterm, there’s so many profit angles, the key is just understanding the variables–mainly how incompetence, corruption, manipulation, greed and hype all play separate roles in this game–so congrats to peeps like Tony Ellis, Mike the Machinist, Yngvai, Yak and all you other successful PennyStockers out there, keep earning and learning, and more importantly, keep sharing, for your benefit (good to look back/keep trading diary–doing it all publicly helps you that much more as your every move is open to critique) and ours!
Tags: Breakouts, Testimonials
