I’m not associated with this guy in any way, but when TIMalerts subscriber Kusumo (#4 ranked on Covestor, see rankings HERE, leaves testimonials galore on my TIMalerts pages like ““Out of the position now and profited $295 after commissions. Thanks Tim.”) sent me the link to his PennyStocking DVD review, I knew it’d be positive.
Because that #4 ranking, out of 10,000+ wannabe traders/investors. See the rankings HERE and along with my near always rank of #1 and now another DVD student Adam N. ranked #2 (remember his inspiring story), means my strategy works wonders.
Especially in this ugly market.
And all those who rip on me, short selling, and penny stocks, and me short selling penny stocks are jealous.
Because while it’s not the ideal get-rich-quick strategy in that a.) it’s not scalable, meaning you cannot make more than a few hundred grand/year max (unless there’s a 1999/2000-like market environment b.) you have to work at it, meaning it takes some practice and c.) even if you don’t trade every day, you always have to be on the lookout, meaning it actually takes time to achieve superior returns, it’s the best thing that’s ever worked for me and you’re fortunate enough that my crazy life has turned out the way it has so that it’s in my own best interest to teach you and make you into better trader than I ever was. (reminder: detailed seminars October 17th in Vancouver, November 19th Las Vegas, details HERE!)
OK, enough of me, let’s hear some excerpts of what Kusumo thinks of the DVD and why it’s a given that he’ll be purchasing my PennyStocking Part Deux DVD that’s available for pre-order now:
PennyStocking DVD Set Review (see full review HERE)
10.01.08
Tim then goes into defining numerous terms. It’s as basic as you can get. This is the stuff I learned in my 400 level Finance classes in college. Tim is trying to attract new traders that are from different industries and this section of the DVD is absolutely essential to those without trading experience. “Learn from the bottom up” as Tim states. If you are a seasoned trader, this glossary of financial terms can be skipped.
Near the end of the first DVD is where Tim starts getting into rules he follows such as the maximum amount of positions he plays, taking losses quickly, etc. If you want to learn Tim’s methods, this part of the DVD cannot be skipped like the earlier section on financial terms even if you are a seasoned trader.
Disc 1 ends as Tim introduces you to chart patterns- clean vs. messy charts using stocks Tim has traded in the past. He focuses on clean charts before the first disc comes to an end.
….Now the end of disc 4 is probably where this DVD set will need the most repeated viewings. It is in this section where Tim spells out the lessons he has learned from his gains and mistakes.
…Conclusion:
Compared to other trading courses offered online, the $297 asking price for Tim’s DVD is relatively low. Do you get your monies worth out of it? I would say that depends on your level of trading experience. For complete newbs to trading or even penny stocks, this DVD is a must view. It will catch you up to where the penny stock environment is now. Like Tim mentions multiple times in the DVD, “Don’t just rely on this DVD. It’s an introduction.” Seasoned traders will be able to pick up on Tim’s strategy by reading the archive of posts on his blog. Depending on where you are on your experience of trading, this DVD set is either exceptionally good or just good. I don’t see where any critic can call this a “bad” production.
Personally, I think this DVD is worth purchasing if you take notes throughout its viewing. The binder that came with the set is a perfect way to jot down your thoughts as it has the slides that are presented in the DVD. I commend Tim on his ability to admit his mistakes and you will see this throughout the DVD. The book that is included, An American Hedge Fund, is an entertaining read and mostly resembles discs 3 and 4 where Tim takes you through his trading years. I found it helpful to read the book before watching the DVD.
I have several brokerage accounts and I’ve been following Tim’s method for two months exclusively in one of them. This is the account that is being tracked on Covestor that you can see on the right hand side of this page. As of this writing, I am currently ranked 3rd on Covestor and I can attribute the majority of that to Tim. My loses in the market during this two month period are because I did not follow the rules that Tim outlines in this DVD. I’ve found that I, like most people, like to learn lessons the hard way.
Remember you can see the entire review with screenshots HERE and buy my original PennyStocking DVD along with the new one that focuses on intraday chart patterns and updates the strategy with examples from 2007 and 2008, check out PennyStocking.com.
Tags: DVD, DVD Reviews, Testimonials
