1. What do I get when I signup for TIMalerts? Is there a trade every day? Are there specific entry and exit points listed in every alert?
TIMalert subscribers receive a daily premarket watchlist, which usually gets emailed and posted on the TIMalerts.com subscribers-only website anywhere from midnight to 8am (usually around 1-2am EST because I work my ass off), and trade alerts are sent out whenever I make a trade. This is not some BS newsletter that picks random trades or gets compensated by companies to promote their worthless stocks; I trade whenever I see an ideal trading opportunity (ideal setups are explained at length in over 36 hours worth of instructional DVD content which can be purchased HERE), which has happened in the past approximately 8-10 times/month.
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I usually trade stocks listed on my premarket watchlist, so often times when I make the trade, it’s a simple message in order to get the word out ASAP, but the morning watchlists basically does spell out what I’m looking for so the alerts basically detail my entry, stop and ideal exit prices in order to help TIMalert subscribers better understand PennyStocking (meaning I don’t go for home runs like most penny stocks saps, I aim to make 50 cents to $1/share over 1-2 days because I’ve found that profit range offers the highest odds of success.)
2. I hate/can’t partake in short selling so I’m only interested in your buy alerts. What % of alerts are buys vs. shorts?
First, you’re a moron for limiting yourself to one side of the market–you’re a tennis player with no backhand, a meatball with no spaghetti, a unicorn with no horn, Jim Carrey without a comedic script, aka what you’re doing is unnatural and your account performance will most surely suffer you stubborn ignorant fool.
That said, short selling isn’t for some people (no matter how hard I try to get people to learn from my worst-selling instructional DVD ShortStocking), and they do account for nearly 2/3rds of my trades (I excel at hashing out hyped/manipulated up piece of crap). The good news is that even when I short sell, I will inevitably have to buy to cover my position and while my timing isn’t great, often times those are solid buy points too.
3. What broker lets you short stocks below $5?
I use and recommend Thinkorswim (otherwise known as TOS) & Interactive Brokers (commonly referred to as IB)…Thinkorswim is far and away the better broker in terms of customer service, execution and software, but IB has had some great borrows on my kinds of stocks lately…Thinkorswim‘s minimum account size is $3,500, Interactive Broker’s minimum is $10,000 but you say you’re with me, I’ve heard they make exceptions…you wanna go with crappy cheaper brokers, well, you get what you pay for.
PS There’s no rule against shorting stocks below $5, just because some of you are too naive to realize that your broker sucks, don’t think for a second there aren’t others out there who are hungrier and smarter than you who have figured out how to short stocks under $5, under $3, even under $1. I’m sick of ignorant people saying how I do is illegal/impossible–no, it’s perfect legal, possible and replicable, you just have to use your brains, which I understand is a lot to ask for many of you.
4. How do you find all the stocks you trade? What’s your research process and what websites do you use?
I got this question so much, I created an entire instructional DVD package called TIMfundamentals–6 hours of video content and a 95 page instruction manual–in which I detail the specific websites, data and variables that look at each night when building my daily watchlists that I usually email/post on the TIMalerts.com subscribers-only website anywhere from midnight to 8am to help get subscribers prepared for the upcoming trading day.
5. I subscribed to TIMalerts in the last day, but when I go to login, the TIMalerts.com subscribers-only website says my username and/or password is not valid, can you help me?
Sorry to say, but TIMalerts is run manually, proudly and cheaply–we have to manually approve each and every subscriber so it takes 1-2 days to get everyone into the system. You should be added to the email list within a few hours of your signup, we’re dedicated like that.
PS We’re working on upgrading the site, alert speed, alert options (by text message, IM, etc.), but considering my entire team is working 10+ hour days, change is slow…
6. By the time I receive trade alerts, the stock has already moved a great deal–WTF?!?!
TIMalerts are not meant to be traded off of–in fact, I would never dream of recommending to buy or sell any security as everything I do is for entertainment and educational purposes ONLY. Instead, use my trades to further your trading education as whether I win or lose (and as my 366% return over the past 18 months clearly demonstrates, I win just a bit more than I lose), there are lessons to be learned about my lack of discipline, the power of short selling pump & dumps, the best penny stocks to trade, etc.
And remember, I’m aiming to make 50 cents to $1/share so even if a stock moves 10-20 cents/share, there’s a fairly good chance of further movement in the desired direction (example: I bought MAPP the other day at $8.76 and the stock was at $8.90ish by the time people got the alert…1 day later the stock was at $11, 2 days later, $13…penny stocks are volatile!
Perhaps most importantly, if subscribers combine my premarket watchlist commentary with what they’ve learned by reading of my 2,000 blog posts and my 36 hours of instructional DVD content, they can actually ANTICIPATE my trades/alerts…and when that day happens my friends, TIMalert subscribers will no longer need me as they’ll have truly learnt PennyStocking!
7. If you’re really so good, why tell others your secrets? Why do you not just live off your own trading gains?
First, despite being the top ranked trader/investor out of 25,000+ on Covestor, I’m not that great a trader (PennyStocking just rocks!)
As I’ve explained 8483839493 times, my strategy, while great %-wise, has its limitations so it’s very difficult for a not-so-great-trader like myself to earn more than a million or so/year, even if the market is perfect. Long story short, I’m more ambitious/greedy than someone who’d be satisfied sitting in a typical prop-firm-like degenerate trading office (speaking of, I’m uncomfortable using leverage so no profit expansion there) earning a probable $100k, $200k, $500k/year.
When I see how many fake/fraudulent/absolutely shitty trading “coaches” making millions, I figure I can make more just by telling the truth. After all, selling instructional DVDs and subscription products for hundreds of dollars to help people learn not to try to hit home runs, but instead aim for singles and doubles, which can still yield several thousands of dollars of trading profits/week is not only good/fulfilling business, the value proposition for potential customers is absoluately amazing. And considering I’m up six figures on my educational products–mostly due to all the ridiculous testimonials I’ve been getting from happy customers (see the 1st paragraph of this post…I may be up $11,000 or so this month in trading profits but TIMalert subscribers & PennyStocking DVD students have made in excess of $250,000) in May 2009 alone, my publishing business model is running rather swimmingly.
Cutting through industry BS, teaching people REAL ways to profit and earning a profit at the same time; it’s the trifecta for which everybody should aim.
Bonus Q&A: Isn’t the success of the TIM trading account due to frontrunning your trades, meaning you buy/short, send out an alert, your subscribers make the same trade thus pushing the stock price in your favor, then you get out at TIMalert subscriber-influenced prices for solid profits?
It’s a fairly common assumption, that I’m the one doing the manipulating, but it’s incorrect. What I do is look for pre-existing hype & manipulation because it’s usually a temporary catalyst and by identifying these types of temporary catalysts, it’s not just possible but actually probable to profit when that catalyst has come and gone (aka short sell into pumps, wait for the dumps).
The fact is that out of my 1,000 or so TIMalert subscribers, only a few dozen actually understand/are setup to even trade my strategy (on top of the fact that many times shares are not widely available to short so my subscribers are physically unable to follow my trades), the vast majority receive the alerts in order to learn, not trade.
Again, I would never dare dream of recommending anybody buy or sell any security as I am not a financial advisor and penny stocks are soooo risky. Also, I aim to trade the most actively traded stocks under $10 and hold for 1-2 days.
In short, I have little doubt that as PennyStocking grows in popularity in the coming years, I’ll be forced into absurd yet lawyer-happy “hypothetical trading”, for now, those who follow my trades and theories can see I’m not a frontrunner and everyone who doesn’t watch closely will draw faulty conclusions based on my everyone-dominating % returns. Faulty assumption-making IS Wall Street so I would expect nothing less.