I LOVE hearing stories like this from those who are impoverished:
Many people ask themselves and Tim how can I trade Tim’s system with a small account? With only $500 bucks in my name I was for sure one of them! At first, my co workers and wife were very worried that I was switching from long term investing into Timothy sykes trading system. I was scared too because I had read about scams out there and I was about to invest my last couple of dollars into his educational program. I began to read his blog and sign up withmembership but I cancel after a month because I wanted to learn not to rely on Tim’s picks. I decreased my silly email more and more by reading his blog and changing my broker to his special broker . I was able to buy a couple of dvd’s from Tim store with the help of my wife and I’m glad that we both agreed on that decision as a couple because the results were just plain awesome! My recent biggest trade GGRI, I was able to pull $463.00 after fees. I was successful because of the lessons taught in about buying breakouts.
I observed Greenwood Gold Resources Inc (GGRI) when it first broke out and decided to wait before closing in order to see if the stock held it’s gains before closing. I decided to buy 11,000 shares at 0.06 and got executed at 0.0634. The message boards were going crazy after closing and I wanted to get out the next day because I wanted to sell off the brand new hype of the stock being compared to Portage Resources Inc(NDA) (POTG). The next morning I was in a meeting and took out my laptop during the meeting executing my trade at .1055. The stock went up to .14 for the day but I decided to protect my profits because I made 40% on the trade.
This trade along with another big win on RESPECT YOUR UNIVERSE (RYUN) ($300) put my account close to $2000 and I can’t stress enough how important it is to plan and invest in your education in trading. Yes, I renew my membership with Pennystock silver but I don’t just trade when the alert comes because I rather wait and see how things turn out. I use the silver membership as something extra that can be added to my own watchlist. I believe that no one should rely on anyone to grow their account except themselves. I encourage traders with small accounts to invest in their own trading education and overcome the short obstacles of having a small account.
…as it reminds me of thissubscriber David M. from last year:
…and that’s all well and good, but for those of us with larger accounts, the strategy can work nicely too, as evidenced by THIS subscriber who has now profited $75,000+ using my strategy, just $6,000 yesterday on his well timed short selling trade of Orsus Xelent Technologies Inc. (ORS):
part filled. It was ETB when I traded, It cost nothing to carry
SELL 4200 ORS ORSUS XELENT TECHS INC NEW 4.71 19,756.03
06/30/11 SELL 2800 ORS ORSUS XELENT TECHS INC NEW 5.04 14,101.82
07/05/11 BUY 4000 ORS ORSUS XELENT TECHS I NEW 4.16 (16,651.00)