Portrait Of A Successful PennyStocker: Adam Neiderhiser, Part 1
Posted by Timothy Sykes on Mon 29th of Sep, 2008 03:13:59 PM
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In THIS article, I detailed the success of a certain Adam N. who’d risen through the ranks of Covestor (see rankings HERE) to be neck and neck with me.
Now Adam was kind enough to send me detailed information about his trades and he even seems to have the right outlook—that being not to have any expectations…so enjoy his numbers—while not huge, they’re fairly realistic as to what my PennyStocking DVD and all new ShortStocking DVD seek to help you achieve. So get inspired as you see exactly what’s possible in the following he emailed me a few days ago:
Here is some information about my returns generated to date.
I started following you in June of 2008, which is when I opened up a TOS account (leaving Scottrade) and started to trade stocks based off of your methods. I got off to a bit of a rocky start, as I was inexperienced and undisciplined, but here are the last 4 months of my returns as well as where I currently stand.
(All figures are net gains after commissions)
Starting Account Size: $7665
June Return:
Profit: $661
Total Account: $8326
% Monthly Gain: 8.62%
July Return:
Profit: $ -1715
Total Account: $6611
% Monthly Gain: -20.60%
August Return:
Profit: $2773
Total Account: $9384
% Monthly Gain: 41.95%
September Return (To Date):
Profit: $4405
Total Account: $13789
% Monthly Gain: 46.94%
Leaving me with a net gain of $6124 or 80% since trading based off of your methods. I am confident that I will soon reach doubling my initial investment, only $1541 to go. But like you say, one pump at a time.
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 2 | KIRK | $10.60 | $11.53 | $1377 |
| June 30 | ISRL | $107.97 | $118 | $985 |
| June 24 | LZB | $4.53 | $4.81 | $1240 |
| June 17 | GWSC | $1.86 | $2.76 | $2679 |
| June 15 | SHZ | $1.66 | $1.83 | $280 |
| June 15 | SPNG | $0.11 | $0.18 | $630 |
| June 12 | JAZZ | $2.84 | $3.26 | $380 |
| June 12 | MAPP | $9.68 | $10.07 | $565 |
| June 8 | HEB | $3.00 | $4.18 | $334 |
| June 3 | GROW | $8.64 | $8.96 | $740 |
| June 3 | SYMX | $1.21 | $1.11 | $940 |
| June 1 | USCN | $0.55 | $0.86 | $260 |
Total: $65,674 (421%)
nice!
Next big idea VSE take a look at this beauty of a chart!
I say: “Make reservations while you can!”
does cypb look like a good short for tomorrow (on red). To me it looks like it fits TIM’s criterea. Up 3 days in a row, closing slightly read today, falling volume.
Any second opinions would be nice.
Boring chart dude!
Why is your Sept 26th Livestock a music video? What the fuck?
Just posting on a long term short I am keeping at a side, BAP
just curious what was Adams share sizes on average on an acct of $7k ?, AND did you play multiple shares or was it one at a time ?
congrats adam
everything looks like a good short tomorrow. My prediction: vote passes on Wed……but this has nothing to do with TIM methods.
shane, I usually try to stick to stocks trading under $5.00 w/ my small account. My shares sizes varied between 500 - 2000 shares depending on the stock price and how ideal the setup was. Usually between 40 - 60% of my account size when it was under $10k. Keep in mind that the money I trade is money I am willing to completely lose so that is why I sometimes use the majority of my capital in a trade, but that is not normally recommended. I am taking smaller positions now that my account is over $10k.
Also, my most successful trades are when I am only trading one stock at a time. Remember I am limited by the PDT rule, so I have to be very picky of my stocks and not waste any trades. I try to keep at least one day trade on hand at all time in case a really good setup comes along like SIL.
At what time should people we worried if Tim doesn’t post by? lol
hahaha - Tim is fine and well!
Way to go man.
How was it, I did it and was so tired right after its such an adrenaline rush, no wonder all the instructions smoke a butt and drink redbull right before they head up
Tks AdamN for the reply..
I work full time, how does one that works full time particpate in this style of trading, coz the recommendation is to wait for the noon drop and jump in ?
Tks for any replies
Shane, you gotta set alarms on your brokerage software, you determine what stocks you;ll be willing to play if they reach certain level, you determine a certain price at which the software, that may be running on the back, will trigger an alarm.
Also, in order to notice tim’s alerts emails on time, I set a filter on my gmail that forwards emails from tim’s email to my cellphone.
Congrats AdamN! Indeed an inspirition to all of us newbies and small account traders! Well done and happy trading!
new post:
http://timothysykes.com/2008/0.....-advising/