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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Hey Tim,
When you are showing charts during Livestock, please say the symbol more than once. Sometimes the audio isn’t so great and we have no idea what you are looking at.
Thanks,
GT4
Checked out speedtrader, 2k minimums and they advertise that they trade BBs and pinks. Don’t know if they have restrictions on shorting them. I am signing up right now since I don’t have the money to start a 10k account on IB. Too bad ToS changed their rules about shorting. I will probably stay with ToS until I get frustrated about not getting into a trade on bb that I really want.
See past post I called this;
http://www.fool.com/investing/.....world.aspx
Just called speed trader and they do allow shorting otcbb’s.
Account min 2000.
BQI trying to get over 6.25
look back at your trades…i know i did…how any of them are OTCBB shorts? answer: not many…all these spammers keep going! this is probly a blessing in disguise
Maria Bartiromo is fat! Ewww just ewwww….. Sorry I doubted the picture you posted.
Anyone Buy BQI up .50 AH on Cramer pump
Sold BQI 6.55 from 6.25. Thanks Cramer!
I’ve been giving you a hard time lately, but your live PINN trade was cool and took balls. Having it go lower after you covered only serves to show it was a great call. Nice.
Still no login, though.
Love your LiveStock, just need to clear the retards outa the chat=P.
Can’t wait to get your DVD Package, its in the mail!
Agree with Rat. Need to filter the tards out of the LiveStock chat.
LiveStock was great, but I second the samurai, you need to do something about the assclowns in Chat.
thanks but there will be nothing done about the chatroom as its waaay down on the list of priorities for mogulus. next episode, u guys are just gonna have to email me questions during the show…or we’ll have some kind of special section…
great show episode Tim.
when you use “industry” terms (ie: stop-loss, scalping, cup-n-handle, to name a few…) can you PLEASE, with sugar on top, explain/define what these terms mean/are… one of the hardest things to do is learn a new language.
thanks in advance.
Tim, I have a chat solution for you instead of using mogulus’s chat. Since you are broadcasting your show directly on your main page why not push the real members to use your site’s firefly feature or whatever that chat button is called on your site? If you have webmaster access level on your site you can boot the people trolling and completely ignore the mogulus chat screen. I think it would work more efficiently then using your email.
good idea, but problem is fireflies only last a few seconds, then they disappear….meeting with them to keep them open longer