Right now Investimonials has just over 1,000 members who have left 3,000ish reviews on 3,200 financial products and it’s little more than a marketing website for all my products (considering I’m the only one really pushing TIMalert subscribers and others to leave reviews)…but as the site grows, and more people become members, my products will find their rightful tiny niche and bigtime products like Jim Cramer’s Action Alerts Plus (see reviews) and Zero Hedge (see reviews) will take the spotlight
Compare the latest reviews on Investimonials of a small but statistically proven newsletter like TIMalerts to the ratings of the massive yet outperformed-by-a-coin-toss Motley Fool newsletters:
Latest review by a TIMalerts subscriber (who also happens to own THIS worthwhile site):
Tim’s service is a great tool for any trader. For the new trader it teaches you something very valuable, stop wasting time on boring stocks and focus on the ones in play – the one’s that are near breakout points for a long or the ones that are just way to over extended to really make much more sense going higher BUT waiting for that entry point. For example, just because a stock is up doesn’t mean its a great short – in fact it can squeeze quite a bit more, but with Tim Alerts even if you don’t profit from the alerts themselves you’ll see the same pattern over and over and be able to focus on your own entry points and better your trading on your own. It’s really not rocket science it’s more about being patient and waiting for that optimal entry point. So many trades want to jump the gun and short things because they’re up 300% or 400% only to see them surge another 100-200% (for example JBII, AENY, IFNY recent examples). Much like my chat room you don’t need to trade any minute, I’d rather watch stocks the first 15 minutes that rip out of the gate and pay attention for THE trade, if that trade set up doesn’t come then there’s no reason to touch it. Many are too eager to get into a trade and just buy/short based on boredom.
If you don’t have a large account, are under the pattern day trade rule and want a 7/10 or 8/10 chance of being right this is a great service. I’ve known Tim for quite a while, in fact sometimes bounce trades off him but one thing he always does is focus on stocks with subscribers in mind first. Not only is he patient for the optimal set up but his thought process is thinking about how him and 1000 other potential traders can make money, if its not possible, it’s not alerted.
Another benefit is (and not to plug my chat) but the MORE eyes the better. You can’t watch everything, you won’t see every opportunity but if you’re subscribed to services like this you’ll be on top of them. Many times I’m watching many of the same stocks Tim is but just don’t happen to have it on my immediate screen, I get the email alert or text message pull up the chart immediately and most times go, wow that is a good set up and join in on the alert.
Cons … if you’re addicted like me it may not be enough trades to keep you sane (not really a bad thing) because it teaches you to be patient and wait for only the set up that will make you money 7, 8 or 9 times outta 10.
Over all, recommended.
Posted in Investimonials, Testimonials, TIMalerts