5 Answers To A Very Frequently Asked Question
Posted by Timothy Sykes on Thu 6th of Aug, 2009 08:05:25 AM
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Another popular question I get a loooooot:
Hey Tim,
I have watched a number of your instructional DVD’s and have a solid understanding of your trading style. I currently have a bull shit full time job as a slave laborer in finance and I am trying to figure out whether there is anyway to short these scam companies when you can’t have your finger on the buzzer at all times. Please let me know your opinion or whether you have any idea’s.
1. The more time you put into research/watching and waiting for the proper chart patterns/trading setups (as detailed in my instructional dvds), the better risk/reward you’ll enjoy.
2. It is possible to make decent to great money to trade part-time by having extreme patience and only trading the best setups, but holding positions when you’re not watching them increases your risk a ton. Stop losses do little with these kinds of volatile stocks…would you ever walk away from a Vegas Blackjack table and leave your money on the table?
3. You could just sit back and subscribe to my bran spankin’ new auto-trade feature available through Covestor HERE
4. Don’t get frustrated when you can’t find shares to short of these pump & dumps…shorting them once the dump is on is practically free money, so if you miss one, just move on and wait for the next one.
5. Be kind to stock promoters and incompetent businesspeople for creating such scams…they’re soooooo much easier to trade than real companies, we already know their destiny.
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 19 | AENY | $2.80 | $3.02 | $1148 |
| Nov 18 | NLST | $4.16 | $4.40 | $947 |
| Nov 18 | IMGG | $1.42 | $1.64 | $2094 |
| Nov 17 | NLST | $5.04 | $5.59 | $2195 |
| Nov 13 | VRMLQ | $21.50 | $22.97 | $2901 |
| Nov 11 | EONC | $2.61 | $2.80 | $687 |
| Nov 10 | EONC | $2.74 | $3.36 | $9784 |
| Nov 6 | QXM | $4.31 | $4.80 | $1936 |
| Nov 4 | COT | $8.66 | $8.88 | $642 |
| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
| Oct 29 | CTDC | $4.00 | $4.42 | $781 |
| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
| Oct 22 | AMLM | $2.69 | $2.97 | $820 |
| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
| Oct 7 | GVBP | $0.03 | $0.27 | $702 |
| Oct 1 | NPHC | $0.70 | $0.85 | $1482 |
Total: $98,094 (681%)
