See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.
Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $33,956 even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes.
Hard work, Determination and Know How.
Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.
Determination to seek those probable profits out and know how in order to actually profit from them.
Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).
As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 900+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.
This is the #1 FAQ (see more HERE) and it is answered in THIS blog post.
Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.
To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!
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PDO, MXC and FPP all up in premarket again. Unbelievable.
Unable to reserve shares of any of them. Got 5100 shares reserved of ROYL.
Tim, would you be considering adding any long position on any of above mentioned energy scums for a quick profit?
thats because u late, u late, got shares of all of them….the benefits of getting 3 hours sleep!
of course not ryan, have u researched my strategy?
You could probably scalp a couple cents/share early in the day.
If you have balls
If today is the day all these high towers built of sticks come crashing down I’m gonna be pissed that there were no shares to short this morning!!!
ZAAP ss today
Jeff i dont that that will happen, oil hit 135 last night they hype isnt over. once that pulls back i think we’re more likely to see some drops
Jeff try again, I just reserved 1000 of FPP with no problem
CRED pushing higher
and higher
jeff, you might be right about mxc today though!
Jens, nope. I’m on TDA. Each brokerage has a certain number of shares they are able to sell short. I am assuming yours has some excess. TDA is out. Maybe i’ll subscribe to the Tim Sykes ‘No Sleep So I Can Make Dumb Mistakes With My Own Strategy’ Method tomorrow and get some at 6AM.
Just kiddin timmy…
Thanks Tim for once again calling out the crizzap- commodities or not- c’mon 30 for MXC!
’twas the morning to short FPP and no one was stirring, not even a mouse
short 700 FPP at $7, missed my PDO execution god damnit!
Big red candle on PDO, not in it, waiting.
covered FPP inside of 5 minutes at $6.25, nice gain, fucken pissed i missed PDO!!!!!!
All morning drops, they dropping to quickly to play them. Scared of these fakeouts. sigh.
Just reserved 600 shares of CRED and reduced my reserve of ROYL to 3000 shares. We shall see which one dips the most in the afternoon. Talk to you guys around 11ish!
Oh sorry Jeff, I didn’t realize you were you using TDA, my bad. I just opened a TOS account just to have another broker to get shares from. It was really easy to do. Timmy how do I put in the good word for ya?
Unless you shorted right out of the gate it woulda been pretty tough to catch these moves. Maybe we’ll get some patented Timmy sideways price action later.
Ya im gonna wait for the bounce.. I always miss these morning tankage. Sigh.
i hope someone is riding the elevator down on MXC!
Unreal 500,000 shares sold on PDO
Jensgould, theres a tab that says how did you hear about us, check my website off
are these fakeouts or is the run over?
c’mon none of u guys got in on that FPP/PDO dropping? daaaamn i’ve made u all disciplined! good news is they’re now setup for slight bounces, and hopefully perfect afternoon fades
Anyone watching SSN? I had 500 reserved at $6, but it looks like it may spike up to that any second. Should I get in on the bounce?
Tim totally waiting for this afternoon, no way i could have seen that drop comming / have time to react to it on PDO this am
I’m so mad. I froze on PDO.
no PDO drop was easy to spot, MXC started tanked 2-3 minutes before it, writing was on the wall, i tried shorting 300 at $29, then $28, then $27,none got executed…signs of breakdown were yesterday afternoon, no different than CNEX for me, gotta take some pain or risk missing the dropoff
Attempted to reserve FPP shares at 7:30 and could not get any on TDA. Very pissed
6.50 becoming support on fpp
I couldn’t help myself and got in FPP early yesterday at $7.80 … was not worth the stress as it moved to new hod. I held though as with 30% downside potential I was willing to take 10% max pain … did it ever come close. I’ve more shares reserved for today and committed to myself I would not try to anticipate a morning drop or jump in but rather wait for the bounce and hopefully afternoon fade. It couldn’t even bounce to through $7 though.
Gotta love that KYUS is still pushing higher! We could have some nice setups for days to come!
if these go negative into the close are they good to hold overnight for the probable gap down?
Shorted 770 FPP at 7.07 covered 6.30ish. I placed my order as soon as it went negative. Sorry for the late post.
of course, this is just the first down day…i wish they’d bounce but thats gonna be tough here
And once again lets acknowledge these terrible SEC regulations. You can’t take advantage of intra-day plays like when FPP dipped and bounced back to almost 8 and then fell again. But with no buying power all I can do is watch.
Bounced back to 7 my mistake.
KYUS may be topping today, if it sprints towards $4 consider it the blow off
of course Davey, i’ tempted to just put $500k into my trading account and make $50k today shorting each bounce…things has $5s written all over it
but in all fairness to the SEC, they havent watched the PennyStocking DVD yet so they still think there’s no reliable way to profit from all these patterns
means i gotta do a better job of promoting the thing :)
bought DCR for oil to dip
Looks like sideways action for FPP is gonna sit at this level 6.50 got cracked 6 is not intraday support. Be nice to see it stay here for a little while and watch it crack a little later.
let SSN slip through my hands.. So pissed off right now..
What is sad is that this is the day we should have all basically waited for, it was so easy to see what would happen when it went negative, but I like other people played a couple of these too early and got burned.
Timmmmmmmmmmmmm, scottrade doesn’t have any pdo, fpp,mxc
Ahhhhhhhhhhhhhhshit!
Burky, I’m watching KYUS too man, looking good…