Except………What you can take home from learning Tim’s strategy which is much like ours at InvestorsUnderground except we trade every day – we are those addicts he talks about. But the good thing is once you understand his strategy its very easy to apply it over and over again and very similar to the way we trade. I think the most important part is not just being able to pull the trigger because someone who is a good trader has done it but rather what made it a good buy or short, what they saw, how they anticipated it and how you can do it on your own. Tim has convinced me to attend so I’ll be there.

From Tim’s recent post:

REMINDER: YOU HAVE UNTIL SEPTEMBER 11th TO REGISTER HERE FOR MY 2-DAY LAS VEGAS INTENSIVE WORKSHOP & RECEIVE A FREE INSTRUCTIONAL DVD PACKAGE OF YOUR CHOICE & GET FED 4 MEALS ALL FOR A VERY LOW PRICE…SEE DETAILS HERE

If you prefer TV to reading, just tune into LiveStock right here today, 1-2PM EST…yes, it’s on Thursday this week, not Friday as I’ll be repeating everything that’s written below and more like talking about m take on hot stocks like Opexa Therapeutics Inc. (OPXA)

If you’ve been reading my stuff for the past few weeks, you know:

1. I’ve held the #1 spot out of 30,000+ traders on Covestor for over 2 years now (3 others in the top 10 are also my PennyStocking DVD students) and not one other newsletter writer or trading coach is even in the top 100, let alone on the site in the first place because Covestor tracks and verifies all trades, (cowardly snakeoil salesmen-polluted industry shame on you!) and my fully transparent TIM trading account is up 507% in the past 2 years, up 77% in 2009 alone, every trade detailed for your viewing pleasure.

2. On October 18th and 19th, 2009, there will be a 2-day PennyStocking conference in Las Vegas, to be held somewhere nice on the strip. If you can’t make it to Vegas, you can also attend the conference via live webcast and not miss a second of the education.

2. There are 2-day passes and 1-day passes available for purchase, but only the 2-day pass attendees are entitled to receive a FREE DVD package of your choice (a $397 to $597 value) from my online store in addition to receiving a rather fat instruction manual for the conference and the entire 14 hour-ish recording of the conference in DVD format within a few weeks of the conference, let’s say by Thanksgiving.

3. You have until midnight EST on Friday September 11th, basically 40 hours from now to signup HERE or else the price goes up a ton and you get no free DVD because I need a final headcount ASAP to book the place…probly Harrah’s or MGM, some place like that.

4. You can see pictures and attendee reviews from last year’s Vegas conference in this blog post. This year, everyone’s going on camera (unless you don’t want to, some traders are really ugly and weird and shy) so I can hear what everyone thinks about the conference and my strategy, the good and the bad so I can improve too.

Those are the basics, so what’s happened in the last week that merits me sending yet another email about this event:

1. One of my top students published his 8 reasons why he thinks you should attend, while enjoying two separate days of daily profits of $3,000+, bringing his part-time trading gains using my strategy to $87,656 in the past year, as he notes on the right side of his website.

2. My strategy has been on absolute fire in this bull market (I’m the only happy short seller as PennyStocking excels in market environments like these) with TIMalert subscribers earning $22,000 yesterday (details will be on TimothySykes.com later today), $35,000+ the day before, and days like that $50,000+ one last week. All told TIMalert subscribers are up over $600,000 in 2009 and even though I don’t like setting goals, $1 million in annual trading profits is within reach.

3. Another trader who has been on fire, the guy behind InvestorsLive.com, is now confirmed to attend and answer any questions so you won’t just learn from me alone. If a few more people signup, the infamous InvestorsLive.com, is now confirmed to attend and answer any questions so you won’t just learn from me alone. If a few more people signup, the infamous Michael Goode will show up too so you might very well get to learn from all three PennyStocketeers (yah, we gotta work on a better name)

OK, message over, I feel content that I’ve tried as hard as I could to get you to learn my stuff. If you have any questions, just contact me

Remember you only have until tomorrow, September 11th to signup for a 1-day pass (if you’re a little cheap baby who doesn’t reocgnize the value of a deal) or sign up for a 2-day pass (for people who understand the tremendous benefits of seeing me build a watchlist step-by-step all day Sunday, October 18th and then trade live all day on October 19th and likes the bonus of the FREE DVD package of their choice, meaning they get access to the 2-day conference, food, instruction manual and conference recording all for one very low price

This past weekend I finished the last of the four DVD set TimFundamentals. I’ll be reviewing PennyStocking Part Deux as well within the next few weeks.

The introductions to his DVDs are most definitely improving, this one comes right at you and kicks it off into who, what, where, when, why, and how to trade these penny stocks. It’s really important when jumping in head first to understand what your role is as a trader. You’re either an investor or a trader and when transformed (aka trader gone investor/bagholder because you didn’t take a loss when you should have) is when you run into trouble. As Tim mentions a million times you need to be ok with taking losses, it’s part of trading. One thing you’ll notice after trading for a few years is any “bad” days or “bad” trades that you may encounter are normally always associated with breaking a rule of some sort. Looking back as always like Tim did you can always pinpoint exactly where and when you should have sold/covered to cut losses (beauty of hindsight). The biggest part of this is being able to overcome the “loss” and focusing your attention towards the next opportunity rather than turning your trading strategy into “hope” and hoping your loss turns into a gain!

It’s a hard concept for many people to understand (especially or more humorously the idiot’s on the COIN and DDRX message boards who still think Tim is short when a stock goes up three weeks later) who don’t understand that we as traders are taking advantage of opportunities (over extensions) over one day and many times not even that long, perhaps one hour.

Whether its an over reaction to the upside or a stock coming off bottoms gearing towards break out — that’s THE move we are looking for. If the stock drops another 50% over the next 1-2 weeks or doubles in the next two days that’s part of the game, I don’t care. Sure, profits get left on the table (daily) but more importantly losses are controlled.

As I’ve said in InvestorsUnderground seminars you can blindly following someone that is batting better than average and has solid gains (like Tim or any good trader in the chat ) and you’ll potentially have equi-successful gains/losses relative to the money at risk BUT what good does that do for you if that’s all you know how to do and don’t understand anything more than pushing the button? What happens if Tim is out riding a camel in Egypt and you see the set ups he’s talked about in his watch list but because you’re too lazy to research on your own/do some homework you’ve missed out on serious potential gains. If you only have enough confidence to trade when you receive an email saying “Short XYZ at X Price” or “Covered XYZ at X Price” and won’t pull the trigger otherwise you’ve got a lot to learn! It’s not a strategy! You need to understand what you are doing and why you are doing it. This is why you have to understand the strategy behind the actual trade. This is what TimFundamentals does and our seminars (had to plug it…) teaching you beyond just a “buy now” or “sell now” approach.  Finding out where and how to find the information and stocks of interest is one thing — walking through setting up a watch list adding and learning the difference between one that makes it vs. one that doesn’t is a very valuable lesson. Tim lays it ALL OUT THERE outlining every single website he uses on a daily basis to find the stocks of interest for the following days/week.

I found the most useful part of TimFundamentals is going through the monthly, weekly, and 10 day charts with him on his watch list which allows you to see the areas of interest for shorting/buying. This is the MOST important part is to understand from a technical perspective in my eyes because its exactly what I do on a daily basis for my scans. I take a look at the 3 month resistance and if I don’t see it right away I scroll back to 6 months. Secondly I focus on mid or even dollar marks for next areas of interest and so on and so forth. I focus mainly on stocks IN PLAY with a daily range that I feel I can profit from.

The second important lesson I picked up on right away is again something I focus on … former runners. When you play in penny stocks over the years you’ll notice that many of the same tickers come back around time and time again. You remember how they act and react. You remember every time XYZ runs it usually has a huge second and third day move before giving back all gains on the 4th day. Tim talks about sector stocks and the importance of knowing the leader and the lager (you can watch to find why) but over time these things become second nature. For example in the DVD when he starts firing off energy/oil stocks that stemmed from his PDO idea and that led to MXC, FPP, ROYL etc etc. when you see one on scan it makes you check the others that you know run at the same time. Watch his DVD’s, do some scans on a daily basis, see if you come up with the same tickers - test what you learn from the DVDs on your own scans and just like I’ve mentioned at InvestorsUnderground once you understand why your shorting and not “just because its up” Tim’s alerts and watch list will take on a whole new meaning and become much more beneficial to you.

Cons: WTF Tim go to bed! (He video taped this from 1AM to 5AM) As he said in the DVD normally he doesn’t take this long on watch list he did an extremely thorough job to take you through all of the ins and outs when creating the list. Spending as much time as he does on the watch list might be a bit discouraging to many if this is the first DVD you watch but again that’s the advantage of TimAlerts where you can read/review 20 tickers in 10 minutes and be prepared for the day vs. screening yourself for 3 to 5 hours.

Pros: Summarizing what I said above its extremely beneficial to understand where the plays are coming from and why you’re either buying or shorting beyond an e-mail alert. This will aid you in becoming a better trader over time. Additionally you’ll begin to recall different tickers reactions which may give you other trading ideas that don’t pop up on scan right away. Taking each chart one by one from a technical perspective like Tim does is exactly what I do on a daily basis with my scans and apply them to the chat room, Tim takes it a step further on a fundamental basis which is just adds another weapon to the arsenal. Doing the homework like shown on this DVD allows you to quickly scan the markets intraday and as soon as that move you’re looking for happens, you’re already ahead of the game and ready to pull the trigger.

As if $20k wasn’t enough… as he posted HERE

Just Kidding…

Yes WP-MEMBER (which I use for InvestorsUnderground) is a complete pain in the ass when tying into Paypal and changing up subscriptions and manual entry is just that, manual labor. I understand why the extension, and if you haven’t subscribed it’s actually a damn good deal.

I made $1,600 trading and about $18,000 from a ton of annual TIMalert subscribers taking advantage of THIS deal…the deadline was last night at midnight, but so many of you are emailing me since you had problems signing up, I’ll extend the deadline to tonight at midnight, but that’s seriously it. Yup, you’ll have an extra day to take advantage of the special $197 instead of $297 annual subscription with 2 FREE months of daily video alerts

I bolded the part that I question… just like Brett Farve retiring, that’s it no more! Wait nope, he came back for another season — Tim comes back with one LAST day, I guess $20k just isn’t enough!

I will be reviewing Tim’s TimFundamental and PennyStocking DVD so you’ll have some feedback from me. I’ve gone through about 2 hours of his Fundamental DVD and so far I’m impressed and find it extremely useful and imperative if you want to learn to trade part time or full time.  Comparing the video’s to what I saw on PennyStocking Part 1 I was thoroughly impressed and will have more feedback shortly.

But on a serious note, you’ve got 6 hours to take advantage of the deal and go ahead hover my links there’s no affiliate codes hidden within! – I genuinely think its a sweet deal and wanted to make sure everyone that is a reader on this blog saw it.

Got back from the Traders Expo later this evening .. not a bad weekend. Fun excuse to go to NYC each year — always a lot of the same booths and sales pitches year after year based of historical data coulda, woulda, shoulda done this, this and this and you’d be a millionaire! On the other hand, Tim Sykes had quite the crowd, many were standing in the back of the room.

Some other post from this weekend:

Testimonial: “Usainbolt” Banks $3,000 to Close Out the Week!

Who Doesn’t Like a Contest, Time to Guess!

The Nationalization of Banks?

If you haven’t checked us out in real time yet.. it’s about time you do. It’s free for 14 days

View testimonials

Without a doubt BAC, FAZ, FAS all going to be great plays tomorrow – I’ll more than likely play these until other moves form. BAC and FAS looking to gap if futures hold.. Don’t fall for the dip, I’d rather miss a move to $5 then be wrong and buy at the open and lose $1/share. I will let this pan out a bit watch for the dip and make entries from there. take a look at Feb 5th, 6th and 7th last time it cleaned everyone out…

AXU nice vol Friday, breakout chart – needs to hold $1.50 for me to be interested

CAB great move Friday – keep an eye for the $8 hold and further momentum, nice volume will watch for a test of $8.50 – not really interested on the short side yet, possible 5% downside towards $7.50 support

UEIC watch for a gap and test of $16 area coming off  brief consolidation around the $13 mark — so downside from this area is slim in the next few days

CECO full squeeze mode, COCO, APOL, CECO, EDU and other education stocks all took a dump Thursday only to be lead by CECO Friday which ripped 20% +
Volume absolutely surged – assuming this will have some excellent swings Monday I will probably trade this along with BAC

CBL reversal watch off the $3.50 base

CQB should be in play for another day or two ..

WPZ looking for a bounce, but not marrying it…. will be watching it off the HOD list tomorrow, not going to try to catch a bounce – will let it bottom first and watch for possible 8-10% move