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Despite my near-decade-long history of being right about 80-90% of the time on my stock picks and alerts to TIMalert subscribers, past performance is not indicative of future results

Ha!

We’re not lawyers here, we all know that straight up BS, but we say it nonetheless so as not to risk getting sued. Even if everything I say is “for entertainment purposes only”

Ha! we all know my trading strategy is damn good/profitable, but we say it anyway because we all know it’s a lot more entertaining to profit than is it to lose.

So I present you my trade from last week, just a few days after our $50,000+ profit day, when I alerted TIMalert subscribers:

Shorted 4000 VG at $1.40…no morning gap up, fading volume and hundreds of thousands of shares to short at interactive brokers, makes me think it’ll take out the $1.35 support and then its just a question of where will it bottom…my goal is to cover at $1ish today or tomorrow…might take a few days too, this looks like a gradual fader, risk is they come out with news that spikes the stock…stop loss at $1.60

…and then within 30 minutes, alerted them again:

quickest $800 i’ve ever lost, can’t risk big spike though, its coming back down now, but i’m out, safety first…sorry, but this is penny stock trading, gotta cut losses quickly when you’re wrong as i clearly was this time

(news is unpredictable, gotta cut losses quickly, no questions asked)

Because I have become one disciplined SOB and I ain’t gonna risk a big loss, much less a big loss for my valued TIMalert subscribers, especially when buyout rumor news is unpredictable.

And so TIMalert subscribers and my PennyStocking DVD students took their quick losses, some even timed it well and had gains:

First TIM short, covered vg @ $1.49, +$140
-Josh

covered VG for a loss of $100
-JC

Shorted VG a minute before TIM covered @ 1.55 covered @ 1.47 — 80$ profit… -CS
Couldn’t find shares of VG to short, but bought 5,000 SCLN at $5, sold quickly at $5.25, profit of $1250, thanks Tim!
-George

-$440 on VG
-Sandra

in and out VG, lost $100
-BTB

out VG 5k shares, cut loss quicker -$512
-Reaper

in out, lost $700
-wakeboarder

-$340 , hit my stop and ill move on
-cwn

-$46.00 on 2000 VG
-kash

-$498
-Bill

Rode it out a little, covered at $1.58 for a small $100 loss.
-dita

Doubling up paid off for once…….VG covered 1.5 for $300+
-sonid

Tim, Love your discpline. I covered for 5cents on 3000 shares. $150.00 profit I will wait and see.
-RQTDI

Shorted VG @ $1.44 and added to the short at $1.64. Covered entire position at $1.45 for a $300 profit.
-Adam N.

Saw your short and decided to follow your lead…however, the price was going up before I could get the short sell setup…So i just sat and watched as VG rose to 1.66 before shorting…I covered at 3:50PM for 1.43 making a nice $300.00 plus… -carl

…and while some were mad, most everyone agreed, taking the quick unlucky loss was in accordance with the trading rules I’ve been preaching now for over years. And, tellingly,Vonage Holdings Corp. (VG) did end up spiking to $2 the next day, not on a buyout, but on news with Apple Inc. (AAPL)…and even though the stock has now faded back, #1 rule for me is to cut losses quickly, not risk disaster…so I say while I did break my own rules about shorting too early (shoulda woulda coulda waited for $1.35 support to break), I followed my loss cutting rules to a T, which is far more important, so this was a GREAT TRADE.

Tags: Good Trades