For the month, my account rose from $25,380 to $28,870, for a gain of 13.75%.
It almost isn’t fair. When multi-billion dollar hedge funds, that are supposed to be long/short thus hedged?!?!?!?, are down 15%+ on the month (per this Bloomberg article) and almost uniformly down on the year, I’m having a ball managing my tiny TIM trading account. Look at the year-to-date figures and see the difference:
I’m loving life cuz my subscribers are banking even more than me–see the testimonials on TIMalerts.com–and I don’t have to deal with any worried clients or even DVD customers cuz my entire blog, DVDs, alerts, mission in life is to get people to stay in cash–non of this diversification BS (how’s that workin’ out for you suckas!–ready to pounce at a moment’s notice in order to take it one golden opportunity at a time…
PennyStocking’s success relies on its practitioners to have small (under $1 million) accounts in order to take high probability profits that much larger predators (mutual, hedge funds and rich traders) don’t care about.
To be sure, I only made $4,000 for the month through trading, (antoher $40,000 from blogging, see the details in this post, Jew yahhhhhhh!), but the good news is that 99.9% of you out there would love to have an extra/easy $4,000 in your pocket. And I even screwed up the trades on which I made $4k so in a better trader’s hands, we’re talkin’ $10k…or maybe $20k in Michael Goode’s case.
And that’s why my $300 PennyStocking Instructional DVD, and the brand new sequel PennyStocking Part Deux, are selling so well–because this strategy can make $ in any market, plenty of opportunities in bull markets, but you must be conservative, only a few in bear markets, but you can be more aggressive…for a short selling strategy, it’s paradoxical, i know, but I don’t make the rules, I just experience and teach them.
| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Sept 2 | TAYD | $7.51 | $8.13 | $545 |
| Sept 3 | COIN | $6.49 | $6.30 | $305 |
| Sept 3 | COINW | $2.75 | $2.85 | $180 |
| Sept 4 | COIN | $5.70 | $6.21 | $745 |
| Sept 18 | VLNC | $2.98 | $2.82 | $357 |
| Sept 18 | MS | $21.54 | $21.80 | $84 |
| Sept 23 | MKTY | $1.79 | $1.95 | $465 |
| Sept 24 | SIL | $3.66 | $4.06 | $777 |
| Sept 24 | SIL | $3.17 | $3.53 | $700 |
| Sept 25 | QCOR | $6.98 | $7.05 | $47 |
| Sept 25 | SIL | $2.65 | $2.98 | $640 |
And these are my favorite blog posts from the month that was:
My girlfriend finally getting involved!
A young new successful PennyStocker
Stupid Pallian going against my trading rules
The SEC graduating to the next level of terrorism
August was a damn good month too
And yes, I am a ruthless trader
Tags: Good Trades, Monthly Review
