Archive for the ‘Basics’ Category
Would You Rather Your Stock Guru Be Ruthless Or A Pu$$y?
When I wrote THIS post detailing why I was rooting for Hurricane Gustav to be big time, I knew some
Did I care?
Fu%& no!
You see I am not some polite snake-oil salesman trading coach–aka the entire scumbag “expert trader guru” niche (obviously there’s a few good eggs, but I’ve no time to search them out, and like the world of fraudulent penny stocks, the numbers are like 99% fraudulent, so let’s just round up/play it safe and say 100%–I am a ruthless trader whose had his share of ups and downs and has come out a meaner/more cynical person and better trader/investor for it.
And you should thank your lucky stars that I am this way.
3 Important PennyStocking Points To Consider:
Got this comment in an email and it brings up some good points:
Tim,
After following you for the first month (August 2008) I made 10%. This is after losing $10,000 plus in the last 2 years using so-called experts. I put $4,000 into Thinkorswim and now it is $4,400. I would have made more if I would have only listened to you. All of your trades I did through TIM alerts made me money and all the rest (on my own) lost money. I am happy with only 10% and here is why. If I do 10% each month after the 1st year I will have $12,554 before taxes. After 2 years $39,399. After 3 years $123,651. After 4 years $388,065 and after 5 years $1,217,927. Thank you for TIM alerts!!
To My 1500+ Covestor Followers & 500+ TIMalert Subscribers: Let’s Get A Few Things Straight
The past few days I’ve gotten a few emails from TIMalert subscribers (learn more HERE) & Covestor followers (see them HERE) ragging on me for going on a little Japanese vacation and some other stuff which I’ve already posted about. Somewhere along the line the definition of what exactly TIMalerts is got lost so it’s about time I explain it again:
1. TIMalerts is not a financial advisory newsletter, it’s just me talking about MY trades. For entertainment and informational purposes only. Read the whole disclaimer on the bottom of the subscribers-only TIMalerts.com website HERE.
2. I don’t know who you are and I don’t know how you trade–all I can do is
The Answer To The Question I Get Asked Most Frequently
Blowing away every other question/topic I get emailed about is this one simple question. I get asked about all sorts of companies–largecaps (with people saying “I know you don’t play largecaps, but what about IBM?”), biotechs (”blah blah blah drug looks very promising”), stocks that have gotten wrecked (” down 99% off its highs, think it can comeback, even a litle?”), companies with new technologies (”I know you don’t believe companies, but this blah blah blah technology is revolutionary”), stocks with MACD/RSI/Fibnoacci breakouts, blah blah blah….
Guys, when’s it gonna sink into your little heads that I don’t give a flying f%^& about ANY of the conventional viewpoints out there–fundamentally, technically, short-term, long-term–I don’t care…
Who Said PennyStocking Works Only For Idiots & Poor People?
…oh shit, I did.
Some Ivy Leaguers are proving me wrong though as in the past few weeks
The Risks & Rewards Of Staying True To PennyStocking
On the TIMalerts.com subscriber’s only site, which at now 200ish comments/day is approaching this main site in terms of page views, the following comment was posted:
…i closed my FOUR position. from 7.16 to 1.64, not bad… a 77% gain… i shorted with 1000 shares… do the math to figure it out the profit, and BTW I give a lot of credit to TIM for this because he might not of put an alert to it, but i surely would never have made a 77% gain in 3 days on any trade. It doesn’t even sound real… it sounds like it would be a scam if i told someone “you wanna 77% on your money in 3 days? i can!”
Know Your History: Video Documentary On The Great Crash Of 1929
As I close my book An American Hedge Fund by saying “We–the SEC included–need to learn from our failures as much as our successes because the better our understanding of the past, the better prepared we enter the future.”
So big ups to TEOT for posting THIS link to a near hourlong online video documentary on the crash of 1929.
The film is quality stuff, but if you really wanna know about the crash, you’ll also check out
A Note To All You New TIMalert Subscribers & Beginner PennyStockers
The combo effect of my now 104% return over the past 9 months (see all trades HERE) and a ridiculous amount of self-promotion/blogging/emailing/effort has gotten more than a few newbies involved in this wonderful sport.
The Most Important Lesson I Could Ever Teach
Somebody just emailed me:
How large is the percentage of frauds in penny stock…? Just to get a feel of the truth
Hard to say, but I’d venture anywhere from 90-99%.
Seriously.
The good news is that once you accept this and start distrusting everyone, you can
Boo Hoo, It’s Been 6 Days Since I Traded, Here’s My Response:
So it’s been exactly SIX trading days since I’ve traded any stock and you gotta multiply that number by about 100 to get to the number of emails and comments on this blog I’ve received from people questioning why I’ve stopped trading.
Guys, my ideal plays do not come about every day. I rely on spammers to do their usual pumping, suckers to be their usual gullible selves and the whole mechanism behind this gutter of the stock market–that being internet message boards, email, fax and hard copy spam, chat rooms, deceptive press releases, soulless stock promoters–all to play their part in this grand musical I call Pennystocking. Only then do I strike as my odds are not 40/60 or 50/50 (like most traders), but 80/20 and sometimes even 90/10.
If those of you commenting weren’t so lazy, you’d have read my 800+ blog posts by now and you’d understand this concept better. If those of you commenting weren’t so cheap, you’d have sucked up the $300 eduction fee and bought my PennyStocking DVD by now and you’d understand this concept better.
But the market has spoiled you the past few months. I have spoiled you.
Posted on the front page of the TIMalerts-subscribers-only-website, you’ve seen my rather impressive TIMalert track record below–average gain per alert of 20% within 1-2 days and all the testimonials (which make ALL other investment newsletters pale in comparison) and you think you’ve been given the secret to making money in the stock market for $30/month (nope, just a way to make high probable trades when the right variables align):
How To Turn $1,000 Into $3.3 Million Short Selling Penny Stocks
No joke, this is an email I got the other day, the name and ticker has been deleted to protect the guy from getting his ass beaten:
hi tim, i have been wondering about short selling penny stocks forever and to me it makes complete sense. i just came across an article “How To Short Sell Pumped Up Penny Stocks” on yahoo.com via tradingmarkets.com and came across your name.
this is what i had in mind…as this example is a public stock that a group of friends on mine started up
stocker ticker: XXXX
issued at 2 dollars a share on 9/05/2007
currently trades at 0.0006 (july 24 2007)
lets say i shorted 500 shares of this stock on 9/05/2007{1000 dollar initial investment)
For the next few days i decide to buy my stock(get out of it) at an average price of .0006 cents a share.
The question i have to ask for you, would my profit from beginning til now be roughly 3.3 million.
Why You Shouldn’t Try To Compete With Billion Dollar Hedge Funds
People love to read about how the men with billions at their disposal are doing, see 2 recent articles HERE and HERE. See a rundown of all their 2008 numbers below:
A Solid Guide To Various Penny Stock Brokers
Everyone always asks what brokers allow shorting Penny Stocks, who I use, who they should use, who’s the cheapest, who’s the worst with customer service–until now I’ve basically just endorsed Thinkorswim (cuz I’m an affiliate, I love em, use em and that’s how I shorts penny stocks) and SpeedTrader (cuz they’re my sponsor and their specialty is shorting OTCBB & Pink Sheets), but thanks to THIS great post (copied with permission below) by all-around good guy penny stock maven Peter Leeds (whose PennyStocks.com domain I will eventually own, wait til I’m rich enough to buy it Leeds!) (or PennyStock.com cuz those guys don’t deserve it, they just suck), here’s a great rundown of all your options when trading penny stocks:
(I do have to interject how much Scottrade sucks for PennyStocking–they’re fine for buying penny stocks (and Mikity mIke’s scrolling HOD list (you don’t know what HOD means, you shouldn’t be trading, go back and friggin research you dumb lazy fat Americans!), but understand you get what you pay for, I hated their service, their ability to short sale is pathetic and stock promoters love them (sketchyyyyyy)–that’s why I rip on them in videos like THIS…and even though it’s not in my sponsorship best interest to rip em, somebody has to tell the truth to you guys)
PS Other than Thinkorswim & SpeedTrader, I have no affiliations with any of these companies, although I have used Noble Trading (solid) and Ameritrade (not bad) & firmly believe you should treat your broker like the whores that they are, use em, pay em & leave em…never even heard of some these so I consider them junkie whores, very very dangerous/sketchy
The Penny Stock Broker report includes:
The Answer To The Most FAQ I Get: Where Do I Find Stocks To Trade?
I get emailed this question at least a dozen times/day and thanks to the combo power punch of my laptop crashing and an amazing new girl in my life, I’m about 3 weeks behind now on answering emails (not even gonna apologize anymore, that’s what you get for good info for free—peeps who’ve bought something from the TIMstore obviously get infinitely faster response time), lemme just answer it here for everyone…again. After all, I wrote a blog post nearly 9 months ago, HERE it is.
So, stop asking. That’s how I get all my trading ideas and the results you see every day in my TIMalerts morning watchlist (emailed and posted on subscribers-only website at 8am) so everyone is prepared to trade those stocks that day. Free blog readers again miss out as they’re unprepared a the market open…
Once you know what variables to look for (which are all detailed in
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Sept 4 | COIN | $5.70 | $6.21 | $745 |
| Sept 3 | COIN | $6.49 | $6.30 | $305 |
| Sept 3 | COINW | $2.75 | $2.85 | $180 |
| Sept 2 | TAYD | $7.51 | $8.13 | $545 |
| Aug 18 | FOUR | $2.80 | $2.66 | $342 |
| Aug 14 | APII | $2.66 | $3.30 | $1261 |
| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
Total: $26,508 (
114%)
