Another comment left on one of my many websites, check it out:
Hi Tim,
I finished viewing your TIMfundamentals DVD and it was great although the first 2 discs were boring and a bit redundant because the discs 3 and 4 were much more useful with the screen capture. Also thank you for including your book as I requested. Anyway I tried your nightly routine yesterday and I came up with my own watchlist. One stock in my watchlist today was JVA and I bought that stock on the breakout at 3.04 and sold later at 3.69 for $1300 profit. I was scared because I accidently went all in so I just sold to lock up profit once I saw a little bit of weakness. Now it’s past 4.00 another breakout, but oh well don’t be too greedy is also one of your lessons. So just to say thanks for showing us your methods so that we small-time investors can profit from the markets.
I have a question from the DVD: how do you know if a company is a fraud or is a real company?
Thanks!
Hao
Thanks for your honesty Hao and I’m extremely glad/proud that your gain JVA made you over 3x the cost of the TIMfundamentals instructional DVD package. Of course, you know I’d never recommend anybody, experienced or not, to go “all in” on any one trade. It worked out for you this time, but I strongly caution against using too great a % of an account on any one or two trades. It’s all about risk management & staying conservative in order to avoid disaster!
As for telling whether a company is sketchy or real (fraud is a nasty word, there’s varying degrees of sketchinees, full out frauds aren’t even worth trading because there’s no shares to short), you gotta dig through the SEC filings (TIMfundamental DVD students know EXACTLY where I look) and try to find inconsistencies in their press releases/conference calls (just like Adam F. did with Hemispherx Biopharma).
Even then, sketchy companies can rise faster than real companies, which is why I love them so! And that’s why after you do your fundamental research, you also have to know the odds of success in regards to buying or shorting their specific chart patterns (obviously my comprehensive study guides can help you learn)
Posted in Q&A