Last week I posted this guest blog post from a student who found my description of my original to be lacking.
Well now she’s back with another guest blog post for beginners and it’s reminiscent of this other student of mine who happens to be a multi-millionaire who wrote this guest blog post aka VERY good:
Like many of you, I used to be the person who invested in the well-known stocks such as McDonalds, Whole Foods, Apple, and Eli Lilly among others. I would get excited when the ugly bald man on TV would talk about these stocks and give out advice I assumed to be relatively beneficial. Not any more. Sure, these may be great companies to put in a retirement fund and to gain a measly 5% every year, but there is so much more opportunity and safety in pennystocks. Yes, I said safety. When I first signed up for Tim’s, I was worried about losing a lot of money on the sole fact that most people consider penny stocks to be very risky.
That isn’t the case.
You just have to know the chart patterns to predict exactly how these stocks will move.
There are very few fundamentals behind the stocks, so the chart patterns tell it all. Those stocks I listed earlier are very much based on fundamentals, which make the stocks very hard to predict unless you have important information before everyone else. I have found this to be the main reason people have the perception of pennystocks being risky. They don’t know the patterns that Tim explains in detail, so they see these stocks moving 80% in a day and get scared.
Little do they know, if they took the time to sign up for Tim’sthey would have been able to predict these moves.
Sure, Tim doesn’t win 100% of the time, but try to find someone who does. Most people are a far cry from Tim’s 70% record.
Having said all of this, you actually have to be patient and wait for these chart patterns to show themselves. That has been my only downfall while trading this past month. Nearly of the stocks I have lost money on eventually went the way I had predicted, but I had gotten in too early and was forced to get out incase I was wrong. If only I had listened to Tim’s instructions, I would have a trading record of roughly 80%. So my recommendation to anyone starting out in the program and to myself in the future is to listen to what Tim says in his DVD’s. There is a reason he turned less that $13,000 in to several million, so pay attention and be patient!