Mystudents know that the only thing I value more than trading profits is self-sufficiency.
So while I LOVE blog posts about how trading profits are changing these underpaid civil servants’ lives and how this student made $17,000 in his first month and how some of my students are spending their money on exotic vehicles and vacas, I greatly prefer stories like the one you’re about to read.
And while I specialize in short selling, even if you use one of my recommended brokers, shares are not always available to short so be glad that this story is about a stock we bought…meaning ANYONE could’ve done this trade…had you been prepared
Now I’ve featured both my chatroom moderator/who is summed up nicely in this blog postteaching partner Michael Goode several times, but
And I’ve also featured one very special and determined student/college student/father repeatedly, but who is best summed up in this blog post
Goode is the teacher, Jarmall is the student…
…but last Friday, Jarmall, who has now turned his $500 starting investment to over $25,000 in just a few months as you can see by his exquisite profit chart, showed off his self-sufficiency by being the the one who alerted Goode about GBGM, the student becomes the teacher:
…then Goode’s instincts and research abilities took over and he did a nearly 3 hour webinar forstudents detailing every last reason why GBGM was a good buy around .26, namely because he thought it would be the next BDPS pump this week.
Goode was DEAD ON RIGHT, as he usually is, and when GBGM was indeed BDPS’s pump on Monday, our profiting over $50,000 as you can see here with Goode himself profiting $7,000+ and Jarmall making nearly $1,500.students were prepared and selling into the suckers buying,
Check out some of the otherstudents who banked and were SO grateful for the education of a lifetime:
Best trade I made so far. I can’t thank Michael Goode and Jarmall enough. Makes being a Challenge member worth it.
Thanks to Jarmall/Michael/Tim/Challenge chat room!
Biggest Win Yet. Thanks MG.
BDPS rumored pick, confirmed, bought on Friday during the small runup. Thanks to MG and Jarmall
Thank you to Michael Goode for the alert on Friday that this may be the BDPS pick for Monday morning. Thank you to Tom McCarthy for helping me prepare for this pick. Great work to both Michael and Tom on the Webinars helping me prepare and get ready. The only I wish I had done was put more on the line. Well – Happy with plus $1.1 on Sure Trader and another $400 in
First win over $1k. Thanks for Tim for training too and getting me prepared. I could not have done it with out you. pro.
Wannabe traders in chatrooms and on message boards galore complained all Monday long about not getting filled AFTER the pump by their shitty brokers like Scottrade and Sharebuilder while trying to buy in the .42-.47 range when mystudents were selling into the latecomers.
And judging by the chart, the only time to buy GBGM was that Friday BEFORE the pump…in the .20s when Jarmall and Goode were buying and alerting otherstudents
Here’s whatstudent Jarmall says about the trade:
At the beginning on June 8, 2012 trading day I notice unusual trading activity and decided to keep it on my watch list because everyone was preparing for the next Best Damn Penny Stock alert. I asked Michael Goode about his thoughts about the stock and at first he told me to ignore it and explained to me the risk of buying certain type of pumps. I notice the volume increased more and the stock bounced back from the lows of the day of .18 and I decided to ask more questions to Michael decided to look more into it. The stocks begin to rise towards .22 and I decided to take a small position. Michael Goode was smart enough to piece together the information that was available to him and called a Timwebinar, which I found amazing on how he explained his research process. I was very confident in my position but understood that release date of the stock pick could have been delayed. The following Monday I was able sell at .46 with no problem.
And here’s Goode’s excellent analysis:
The GBGM pump started last Friday early in the morning with pump emails from PHD-Trading.com (disclosing $200,000 in compensation). I thought the email was simply spam because I could not remember ever signing up to pump websites with that email. I proceeded to ignore the stock because there were no shares to short at Interactive Brokers — spam pumps usually do very poorly so I never considered buying it.student Jarmall asked me about it after having noticed the price action; at this point, it was around noon and the stock was trading consistently at the .24 offer with no trades at the bid. He had already asked me about it earlier in the day so I decided to watch the stock as the price action was unusual.
In addition to watching the stock, I signed up at the PHD-Trading.com website to get on their free email list and I quickly received a confirmation email that at the bottom of the email, showed the sender’s mailing address as GS MEDIA | 2885 Sanford Ave SW #16525 | Grandville, MI 49418. I know from my pump research that GS Media is one of the legal entities tied to BestDamnPennystocks.com (BDPS), which was scheduled to have a new pump the next Monday. So I looked for other links between GBGM and BDPS. One link was that BDPS had sent teaser emails saying that their upcoming pump was a low-float stock. GBGM, while having tons of shares outstanding (461 million!), had its float listed as 1.2 million shares on OTCMarkets.com. There were a few other links but I can’t give all my secrets away in a free blog post!
As I was buying, I alerted people in the Challenge chatroom to my trade and told them what I had learned about GDGM. By 1:30pm EST I started doing a live-trading webinar where I went over all the reasons I had bought GBGM and talked about the trade. I said at the time that it was a very risky trade, and I still believe that. But it worked out very well for me and manystudents.