1. There was a classic morning spike on YRCW today, the kind of intraday chart pattern I talk about at length in my new PennyStocking Part Deux instructional trading DVD:
Not something you want to open yourself up to…ever….if you’re a short seller. FYI all my shorts emailed/text messaged to TIMalert subscribers are picked very carefully as I’m only too aware of this dangerous pattern.
Actually not a bad pattern to try to buy into.
2. Reaper, one of my greatest PennyStocking DVD students and one of the few TIMalerts lifetime members, reached the coveted $50,000 profit milestone today:
My total TimProfit is now at $50,140.08! (net of commissions)
Some stats:
Average 8839 shares traded per day
Profit from following TIMalerts: $17,288 (avg profit of 4.3%)
Profit on my own trades using Tim’s system: $32,851 (avg profit of 0.48%)
The reason my own trading margin is so much lower is that I lost a little bit of money trying to trade Tim’s system on my own stocks at first. Also, I trade in and out of positions a lot.
My weighted average profit margin on all trades was 2.64%
While I have a big account, I only used more than $25,000 on two big trades (USS and SIL), netting me $30k.
So my other $20k in profit comes when my average position size is under $10k. Not bad.
Tags: Breakouts, Milestones, Morning Spikes, Testimonials
