Some guy Danny–no doubt one of the many trading retards that (I can’t use the word ‘who’ because these posters haven’t proven themselves unworthy of being labeled people…as it is, their brain size is eerily similar to that of a cockatoo) hang out at EliteTrader:
Tim,
You made 250 % on a small amount because penny stocks don’t have liquidity to trade size.
No serious trader is trading in penny stocks, serious traders trade markets with a LOT of liquidity.
Well, if you short a penny stock and subscibers follow your trades , you are guantanteed that it will drop because of the low liquidity , that’s what it is called MANIPULATION.
Try to make 250 % in LIQUID markets if you want to be taken seriously.
I’m tired of taking these dumbasses on one at a time, this blog post will serve as my answer to all of them and yet I have little doubt their inability to do proper research will mean I’ll have to link back over and over again because they’re just too dumb to look thus falling back on their simplistic assumptions:
1. No Danny et al, my 250% return is due to me profiting from THE SAME EXACT CHART PATTERNS AND SETUPS THAT I DETAIL OVER AND OVER AGAIN IN MY INSTRUCTIONAL DVDS. I’VE MADE MILLIONS FROM THESE PATTERNS OVER THE PAST DECADE, LONG BEFORE I HAD ANY FOLLOWERS WHATSOEVER. My having a following have not changed the patterns one iota…I’m not manipulating the stocks, I don’t know the people that are, I’m just teaching people to profit from the manipulation/hype in penny stocks.
2. My biggest gains stem from those with the most liquidity, stocks that trade millions of shares per day…none of my followers have big $ and there aren’t even that many shares available to short even if some TIMalert subscriber was somehow that rich.
3. My biggest gains come from shorting hyped up pieces of crap companies and I almost uniformly cut my gains too short, if my followers were having any effect on the stock prices, the stocks should
shoot up after I cover and return to the prices prior to my initial short. They don’t and I need to work on my patience/exits.
4. My followers–namely TIMalert subscribers–are mostly poor college kids, dumb senior citizens and wannabe traders. No respectable trader trades penny stocks and that’s fine, we don’t need respect, we have high probability profits stemming from a strategy that even poor college kids, wannabe traders and dumb senior citizens can understand.
5. Only 1/7th of my followers even open their emails, let alone get up early in the morning to reserve shares to short of the best plays. My guess is that out of 800 or so subscribers, 20 trade the stocks in 100-1,000 share increments…considering just about all the stocks I trade have volumes of hundreds of thousands or millions of shares/day, we have no impact on stock price.
6. My premarket watchlist to TIMalert subscribers gets emailed daily with all the stocks I’m watching, my analysis and what each stock needs to do to interest me in trading it…9 times out of 10, I trade those exact stocks…in short, I foreshadow my trades each day. I also try to hold stocks 1-2 days because I don’t want to trade against my subscribers.
7. Those too lazy to open up emails every day can learn the patterns themselves, 9 trades out of 10 are the exact patterns detailed in my instructional DVDs, smart people–not even smart, just people with non-bird-brains–can learn the patterns and anticipate every one of my trades.
8. $12k to $45k in one year is decent, but I have similar % gains 8 of the last 10 years, before I had any followers…I am getting better at cutting losses quickly though! Also, $12k to $20kish was before I started the real-time trade alerts.
9. People who waste their lives away trying for a perfect system/spend thousands and tens of thousands of dollars with snakeoil salesman are pissed that their shitty educations don’t earn them decent trading profits…I’d be mad at me too, my most expensive education package is only $1,500, able to be repaid with one good trade.
10. “Serious traders trade stocks with lots of liquidity”…maybe that’s why 90% of traders lose…seriously…maybe because they have no edge whatsoever and they’re just too stupid–like you Danny–to realize it….maybe penny stocks, while lacking scalability are easier and should be traded and enjoyed by those with small accounts.
You dumb haters, when will you learn, I don’t even have to trade–given all the BS regulations in this joke of an industry, I’ll probly eventually be forced to stop trading for real and rely on the BS disclaimer, “hypothetical trading results” and yet it still won’t matter because the patterns I write about, the ones from which I have profited for a decade are real, whether I trade/have followers/use real $ or not. My students will eventually do better than me and that’s great, I can sell em useful/relevant instructional DVDs all day long and I’ve got testimonials coming out my ass ( as is rapidly becoming apparent…)
You dumb haters can bitch and moan all you want, but a process has started that cannot be stopped, I’m gonna get filthy rich teaching people to profit form the filth in the gutter of the stock market while cutting through all the industry BS and my students/subscribers are going to reap all the benefits.
Join up or continue watching CNBC as you lose $ on macro/fundamental guessing games in which your competition is smarter, better informed and wealthier than you will ever be (compared to low priced stock traders/investors who are poor, financially illiterate and whose actions are easier to predict than you ever imagined)…aka pick your battles carefully and increase your winning percentages bigtime!