bought and sold RINO quickly, +$452.25 for $31,559.61 in 2009 TimProfit. Some stats:
Weighted average profit: 2.12%
Profit from self-initiated trades: $20,357.65
Profit margin: 2.73%
Profit from me following
Profit margin: 2.13%
The 2.73% and 2.13% are not weighted by the amount of money invested in each trade (the overall profit margin is).
Lessons to be taken from this breakdown:
1. He makes more $ from his own trades than he does my my instructional DVDs so he can not only anticipate great trading setups, he knows how to trade them…I keep telling you my instructional DVDs are not optional, they are required!trades because he has
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2. Profits are under 5% per trade…yup, PennyStocking isn’t about picking doubles or triples, aiming for singles and getting on base over and over IS A SMART STRATEGY
3. This is not a huge profit strategy, +$30,000 on an account every few months likely in the $100,000 to $200,000 range is what can be expected…that’s why my instructional DVDs only cost $400, not $40,000 like they would if my strategy were scalable.
4. People can bitch and moan about penny stocks and short selling being risky, and about me being overly-promotional (you have a good product, you scream at the top of your lungs to make sure everyone around you hears about it, don’t wait for people, they’re too stupid to recognize quality…let alone finance people…let alone penny stock sucker people), but as the thousands of happy HEREtestimonials add up, even the most hateful person will inevitably become attracted to my strategy because IT’S REAL & PROFITABLE…think I’m wrong…do ya punk? Well, you forget Michael Goode might now be one of my best students (guess what, I got another guy up close to $100,000), but he was also once my greatest hater…check out his initial post