PennyStocking Silver Review

First things first, Tim’s claim to fame is turning his bar mitzvah money into over $4 million in profits now.  And in the last few years he has been teaching people how to trade his strategy.  In doing so he has already created 2 millionaire students.  This is how I first heard of him – I saw a story about Tim Grittani turning a few thousand into a million dollars. 

Since Tim has started teaching he has created tons of material to learn from.  He suggests also getting his DVD’s (PennyStocking Part Deux is supposed to be the best) but also has a ton of video lessons.  I think the best part about the Penny Stocking Silver subscription is the access to Tim’s video library.  He is closing in on 2,000 videos (over 160 hours) available to watch and learn his strategy.  Tim sends these out most days and they explain what trades Tim took and more importantly why.  This is huge in learning his strategy; you see the setup, when he bought/shorted and how the play ended up.  I find the more recent videos the most useful, because I have experienced those plays and saw how they turned out live.  I have more of a connection to them, and the lesson to be learned feels more real.    I can also compare what I was thinking to what Tim was thinking.  Over time you start to seeing charts and plays how Tim saw it.  The frequency of the videos is great because it feels like your always learning and getting better.  You can find your mistake if you made one or confirm why you were right.

This is a great cheaper option to becoming a millionaire challenge student.  I am not a challenge student, but you get all the same video lessons.  The advantage of being a challenge student is the live trading webinars.  2 a week, typically one from Tim and one from Michael Goode and Tim Grittani does some as well.  It would be nice to see exactly what Tim is looking at, but I use a different trading platform anyways and they look slightly different.  Would be cool if Tim released one or two to give everyone a taste of what we are missing.  But if your not sure you want to join the challenge or not, this is the best introduction to start learning his strategy.  You can always upgrade to become a challenge student and get more of Tim’s time. 

If your not anticipating Tim’s plays, you will be chasing all his alerts.  You are then in a race to get into a play with all his subscribers.  Your entry will be above Tim’s so your gains will be less than his.  So don’t expect to have the same returns Tim does just because you are playing the same stocks as him.  It is not his goal to have you simply follow him, he wants you to develop into your own trader.  This mean finding stocks on your own that fit his strategy.  Or if something on his watchlist is setting up, buy it before Tim does.  If you know his strategy then you can anticipate what he will buy and get in before him (Tim rarely buys before 2 or even 3). 

Tim’s chat is usually very large and is fast paced even though Tim only takes a few trades.  This is where Tim posts his trades live, and I suggest being in the room because his alert is seen there before it arrives on your phone.  Both of Tim’s millionaire students are moderators (Michael Goode and Tim Grittoni).  Michael trades more actively than Tim and you can also follow along with him.  There are always tons of people posting their positions and also asking other people why they entered a certain trade.  It is hard to get a response from Tim in here though because of all the noise and he has another room dedicated to his millionaire challenge students.     

Read my other reviews:  Textbook Trading DVD, Investors Underground, and Super Alerts.  

Super Alerts Review

Superman has some truly explosive trades.  It is amazing the returns he get on some of his picks.  I’ve seen it, he really does find momentum before it happens.  I like how he has 3 distinct types of trades.  Daytrades, Swing trades, and chart plays.  When he makes a trade he will let you his intentions/reasoning behind the type of trade it is.  You can predict some of his moves this way because everything on his watchlists are also labeled the same way.  This is how you start to learn his strategy.  Pull up the chart to see what he sees(he explains how he sets up his charts), then start digging into what the company does and what catalyst from the chat it falls into. 

I only have super alerts vs super pro subscription.  If I were to go back to when I bought the service, I would chose the pro level membership.  I have seen a few of the videos he creates for those members and they are very good.  Superman releases a few of these to all members(how I’ve seen a couple) and they help explain his strategy and how to get better entries and exits in your trades. 

The chat in his room is great.  His moderators have great suggestion and do tons of research on small cap stocks.  If there is a possible theme brewing in the world, such as the recent Ebola vaccine plays, someone in the room will have effected stocks picked out already.  With their insights you can be in the stock early and have a killer average price.  Then watch it catch on over the next week or so.  RichJr and Incredibletrade seem to always be on fire.  They are always looking for the next catalyst and sector to heat up and buy in before the crowds. RichJr many times will pick his stocks with the specific mindset that they are going to double, very fun to see what goes into this.  

Superman also plays some options.  I do not know enough about them to even attempt to play them so I stay away.  I have heard great things about the videos available to super pro members done by Helmsman (another mod).  This is another reason it would have been worth it to go with the pro subscription.  He also covers new stocks about to IPO.  These have been running really hot(think GPRO and LOCO) and Superman has a lot of great insights like who brings them public and their track record.  

Superman keeps his chat clean and respectful for all members.  He also will not babysit you and just feed you answers.  If there is something you can find on your own, he will not let you use him a crutch.  This is why he calls himself a tough coach, that and he expects you to follow his trading rules.  Rules such as locking in profits, minimizing losses, not boredom trading, ect.  If you don’t follow them, Superman will end up throwing his headset(NFL coaching reference).  Alerts are timely in the room and give you the big picture idea for plays. 

Since I’ve been asked before – In my opinion Superman may be the most honest Guru on profitly.  I say this because he never buys into or sells into his subscribers.  I have seen him take losses because he didn’t want to flip a position fast.  He all but told anyone that also to take the trade to get out before exits.    

Other reviews:  Textbook trading DVD, Investors Underground, PennyStocking Silver

Investors Underground Review

This review is my experience in the IU chat and community.  I have not fully utilized all the features offered.  I have mainly just stuck to the momentum room.  For those that don’t know, you get access to 3 rooms with IU.  The momentum room, OTC/sub pennies room, and a swing room.  You also get Nate’s watchlist and Muddy’s momentum scan included. 

The momentum room – by far the biggest of the 3.  Before I forget I should mention you can be in all 3 at the same time if you want.  This is also the fastest moving room.  The alerts come in fast and furious-never a shortage of ideas to act on.  This room is where Nate posts his trades and explains his plan.  He also posts commentary on his trades such as warnings when not trade if your new or key areas to watch for support/resistance break.  This is also the room that trader530 posts breaking news.  His alerts are great because he is so fast, you can get in on the front side of moves if you act fast.  There is always a ton of volume coming on the news he posts. 

OTC/subber room – Run by mountaintrades.  Slower pace room than momentum and I have not spent much time in here.  Personal preference to stay away from most OTC stocks because I like to be able to get out of a position fast.  I have struggled to get my order filled on a few OTC stocks and had my order skipped over, so I mostly stay clear.  Also know it is slower in the summer, so will be popping in more in coming months.  I would say there are usually 75 – 100 people in this room when I’ve checked it out.  There are a bunch of good traders in here besides mountaintrades – main one that I reach out to that comes to mind is modernrock.  If you don’t know who he is, I suggest at least checking out his twitter. 

Swing trader chat – run by offshorehunter.  I keep telling myself that I need to start paying more attention to this room.  I like how it is run, like OTC room has a more relaxed feel to it, and they post charts of what they are looking at and areas they are interested in each stock.  This is also the room that is most like Superman’s room because he is a swing trader.  So in here instead of the alerts being a ticker and an entry price, there is a link to a chart showing the view she(or member posting) is looking at and seems to be a great way to learn what set ups she likes to trade.   I have not reached out to her like I have some of the other mods (mainly momentum room) but will be doing so soon.  I am starting to go over some of her webinars and like her teachings and trading strategy.

This leads me to the what I feel is the best part of Investors Underground.  The other members.  There are a lot of successful traders in the room and they have all been happy to help and answer any questions I throw their way.  None of the other traders have ignored a message I have sent them.  They have been through the early days of a trading career and have some great insight into what helped them reach the next level.  They have been happy to explain what they saw when they entered a trade and their plan.  But the person I have reached out to most often is Nate himself.  I message him everyday with a few questions that I have throughout the day.  He has always answered them all and he responds really fast too.  I expected him to be tied up watching his trades and slow to answer but that is yet to be the case. 

One more thing I want to mention about being a member of IU chat is the webinars.  This is the time to ask Nate any question you have about trading or a previous play.  He goes over any chart to show you what he saw and why he traded a stock the way he did.  Michele also does webinars to help shed light on her strategy and trading.  Best part is they are recorded and posted for members to view anytime.  So its not a huge deal if you miss it live, you can still learn from other members questions.  The webinars are a more interactive version of the video lessons (screen capture trade recap) Nate does for Investors Underground Elite members.   

Also see my review on Nate's DVD, Super Alerts and PennyStocking Silver reviews

Textbook Trading DVD review

I was reluctant to buy the DVD because of the price tag and really didn’t know very much about Nate.  Heard it was worth the money and when I saw it on sale with a trial for his chat I decided to buy it.  Cheaper than a bad loss and got the opportunity to see what inverstorsunderground is all about.  I figured I knew a decent amount about day trading by now (few months in Tim Sykes’ chat and also Superman’s-reviews coming) but I ended up learning a lot watching this DVD.  Nate breaks it down very simply at the beginning in case you do not have any previous knowledge or experience trading.

The main thing that opened my eyes first time watching was how to set risk.  Before I was choosing how much of a stock to by from its price.  I would say I’ll put $2,000 into this stock, its $10/share so I would buy 200 shares and manage the trade from there.  Not knowing exactly when to get out if it went against me.  After watching the DVD it completely changed my approach and I know how much I’m risking per trade.  I now have a good spot to cut it off and keep my losers in control.  I know going into a trade I am risking a loss of $50 if I am wrong and nothing more.  This also helped me realize it is ok to be wrong and to just move onto the next one because my losing trades don’t hurt as much as before.    

Nate also gave me a new pattern to be on the watch for – ABCD setup.  I had seen it played out over and over before, but didn’t have a way to explain it or be ready to capitalize on it.  This is a great setup with a solid risk vs reward, most importantly the set risk I lacked in my trading previously. 

Nate is good about explaining what types of trades to focus on if you’re new.  Hint – if he says not for new traders, leave them alone until you've seen it many times.  Prove to yourself you have a good understanding of his other trade setups and can execute them consistently.  Only after would I suggest trying the riskier plays like parabolic shorts.  On that note I would wait and watch it play out multiple times in chat before using any real money.  The plays that are easiest for new traders to catch are ABCD and late day fades.

I liked how Nate goes over his setup in the DAS platform.  He shows you exactly what he is looking at and how to set it up on your own computer.  I set mine up like his, but to track 2 tickers instead of the 3 he does.  I have a smaller screen and 3 looks too small for me.  Without Nate going over this, I would not have opened a suretrader account.  He recommends them in the chapter he goes over a few brokers, but a walk through on how a successful trader set it up is what gave me the push to give it a try. 

Finally this DVD helped out with creating a watchlist and plan for the next day.  I struggled to create watchlists before.  I had some help from Tim, but he looks for very specific plays.  I am trying to be a full-time trader and like to push more buttons.  Nate helped identify patterns setting up from the daily charts.  I didn’t think about what the wicks really meant and looked like intraday before he spelled it out.  Also what to look for in a gap play – PDT friend because you buy at end of day and can sell at open next day and not using a day trade.  I limit my watchlists to stocks under $15 or $20 because I have a small account and can’t afford the bigger stocks.  Now I have something specific to watch for with every ticker on my watchlist.  I tend to favor the red to green setup because it is easy to identify and seems to give most small cap/micro cap stocks a good pop.  Also easy to identify on the daily chart it has a history of doing this.

Check out Nate’s DVD - here or here

I love how approachable Nate is in the chat and how helpful he is.  He always answers any questions I have and has helped guild me in trades I wasn’t sure to get out of or not.  I will create a review of IU chat later.  I will do a review for everything I mentioned in here-hoping to get it done in the next week or two.  (Superman’s chat, Tim’s chat, investors underground chat, ect)

Here’s another link if your interested in any of the guru’s on profitly.  Happy to give you my thoughts on any of the services!  My reviews on a few services I subscribe to: Investors Underground, Super Alerts, PennyStocking Silver

August Watchlist

Step your game up
8/28
FOLD - 7.10 break

MOBL - r/g over 12 could still go up

DEPO - couldn't 15.50 break today - expect good pop if it can

ISNS - squeeze some but over extended

CZZ - r/g

and stolen from twitter: ASTI, NRX, NTWK, EBR, VG, DCTH

8/27
VII - have a small short already - squeezed afterhours and will prolly spike at open - wont add much, wait for it to do its thing - got sector sympathy but not related to wearable cams

ENPH - heavy fading, possible r/g move, long bias won't fight uptrend

AKS - r/g would have been great swing

KERX - r/g

MOBL - r/g - closed right around breakout

HGSH - waiting for 1st red day

ISNS - want to short, but all other big runs have been continuing - long bias due to squeezes

CPRX - same idea

MXWL - gap fill

INFN - good breakout over 10

PT - possible bottom, needs to hold 2
forgot ZPIN - breaking out
8/26
PLNR - r/g

TA - 12 fail and fade

LRAD - at B/O level

KERX - close to new highs

DGLY - supernova - will come back down soon

MSN - r/g

SCLN - could get heavy quick

8/25
IRF - once cracks this will be big time short - eyeing 39 even

TRUE - r/g watch

BONT - nearing resistance, 2 big up days, short bias

CDZI - r/g with afternoon fade

LEJU - r/g watch

MNDL - starting to over extend - wait for topping

HTBX - long over 7 breakout

DGLY - furgeson seems to be settling down some, expect this to fade away - short swing if possible

DHRM - swing - bottom in

FOLD - can't break 6 - short bias

JRJC - will crash soon - possible short

PLNR - should get tired soon
8/22
IDTI - b/o

JRJC - citron research bash - ssr gone for now

EVRY - bottom watch - time for ramp back?

HIMX - possible swing entry here

GOGO - multi month - had most success r/g ramp

DGLY - furgeson still a mess, but think should fade away - will not force
8/21
FOLD - 6 resistance again - r/g pop

EXAS - gap and run

JBLU - r/g again

FCS - 17 resistance and sit back

JRJC - what a squeeze, very small short overnight, bad average - prolly won't add to limit damage

DRL - long bias - makes big moves - right at support

ZAZA - from twitter - maybe i can find shorts

8/20
RFMD - great trender all day - hoping r/g

IDTI - test and hold 15.90s breakout area

DEPO - long bias whole day set up ABCD

TASR - hyped from Ferguson fiasco - waiting for topping and timber

PXLW - starting gap fill - swing idea

DGLY, JRJC - very small size, will try to stay away from these

8/19/14
AKS - r/g watch - also possible late day fade as it has had a decent run up so far

IRDM - r/g watch

JBLU - clean breakout today

SGMS - r/g and fade off

TASR - gap and run to 15 and pull back

AVNR - near breakout

8/18/14
ACHN - upgraded and boosted price target by analyst - possible long, r/g would be good entry

TKMR - bounced back little - ebola news over weekend too(but I think neg)

TASR - could get nice breakout around 14.20s

SGMS - expecting pullback soon, 6 updays

from twitter: FABU, AMCF, EDMC, DYNT, GRH-low vol bottom

8/15/14
OVTI - huge mistake believing rumors today.  See how tomorrow plays out. Big drop if it is a fake company taking over

PEIX - check earnings reaction but nice trend up

USU - 2 big days last time, this will be day 2

AMRN - catch the trend, strong all day

ARWR - r/g - moves in morning, not much after

EXTR - cup and handle break out

WB - could get heavy around 22

8/14/14
P - up large - expect pullback but 29.18 makes me bullish

DANG - earnings watch, potentially leaked early

EXAS - bounced all the way back green - fade again - hasn't done well after hammer candle

DGLY - bad news out - short bias, watch for squeeze

INSM - dilution announced, wait for weakness

DYAX - r/g watch


8/13/14
EXAS - gap up and washout

TRUE - r/g watch

UNTD - earnings winner - delayed spike like previous earning winners

DRL - range getting better - 8 touch and sit back - previous runner

TNAV - look for weakness - seems to be up on air

NOAH - follow trend after morning move

past
KMI - short bias
GTAT - waiting weakness
DANG - possible weakness starting
RIC - volume slowing
HGSH- volume drying fast, first red day-morning panic
PLNR - wash big when move comes
SFUN- break previous day highs

8/12/14
KMI, GTAT, HIMX, DANG, RIC - movers from today, will def be watching tomorrow

HGSH - energizer bunny - might be best to wait for red day to set up weakness

JBLU - back at 52's - had good run last time

PLNR - same chart - 3.88 or 3.65 break - at 3.92, hold 3.88 level

DRL - had gap, needs volume - will check halfway through day

SFUN - closed about at resistance - want 12.60 break and push to 13

SOL - broke multi month resistance - wait for set risk

ANR - multi month break - possible r/g

HIMX - test 8

8/11/14
BCRX - one of the ebola plays hitting new 52s.  Think it gets a good push tomorrow.  Not fighting trend, only long after morning emotion settles.  http://scharts.co/1ssVPNi

RIC - possible short, as market settles think money come out of gold plays.  Swing account http://scharts.co/1ssWmP9

HGSH - got burned on friday by this one.  Need to be patient and better plan.  Will follow lower highs http://scharts.co/1ssWyhk

PGEM - bunch of resistance at 10, which didn't hold friday.  Watching for weakness.  Lighter volume warning too.  http://scharts.co/1ssWVbZ

past
VGGL- couldn't hold gains.  more bleeding

POWR - looks to continue that gap fill

DANG - great daily chart, long bias

MNDO -  top watch - dip bought back on friday

ARC - 6.50 break short - don't be early, can run past 7

HTCH - now looks like consolidating, could get another leg at 3.70.  will wait for 3.33 break for short.

PLNR - same chart - 3.88 or 3.65 break

JMBA - overextension watch but g/r history

8/8/14

Very careful going long tomorrow - markets got murdered when Obama talked tonight

RIC - need to wait for top - i jumped gun today and it kept running

IG - market weakness could bring back down to 6 level

LIME - main play today - could see nice dump with market

VGGL - trend long

BDBD - wait for weakness

POWR - gap to fill, just started

DANG - great daily chart, long bias

past

MNDO -  top watch

ARC - 6.50 break short

CZR - weakness - flush to 12

HTCH - looking for 3.50 break and 3.30 should pick up speed

PLNR - over extension watch - 3.50 break

JMBA - overextension watch

KNDI - long bias trend

HECC- short 5 break - low vol otc - flag warning

BANC - wait for topping

ZLTQ - g/r continued bleed - 18.5 test and fail

8/7/14

http://profit.ly/guru?aff=4078

MNDO - r/g watch

ARC - trend long

EGLE - huge volume, move pending

CZR - r/g watch

ANR - continued trend long

ALJ - breakout area from few month resistance and gap fill

HTCH - looking for 3.50 break

past

PLNR - over extension watch

CHGG - waiting on a g/r move

MWA - weakness

JMBA - overextension watch

WLT - 6.50 break for pop

KNDI - long bias trend

HECC- short 5 break - low vol otc

CENX - eyeing for weakness

BANC - wait for topping

ZLTQ - g/r continued bleed - 18.5 test and fail

8/6/14

time to downsize my past section for stocks still on run up

PLNR - over extension watch, also r/g out of gate - strong close, gap and para very possible around 4

CHGG - r/g move and afternoon fade

MWA - wait out morning panic and trend

DMD - looks like squeezed today - lower highs a go

JMBA - 14 push para and sit back

WLT -ABCD on daily for 6.44, back account swing 5.57 risk

KNDI - made moves today - will check chart throughout day

http://profit.ly/guru?aff=4078

past

PTRY - r/g watch - don't call bottom, wait for higher lows

VDSI - 13.75 was breakout level, still breakout - should move if market green

HTCH - looking heavy - 3.25 is last support

COT - 7.10 hold on weak open - eyeing for weakness

VAPE - expect weakness w/ pot promoters getting hit by sec

HECC- short 5 break - low vol otc

CENX - eyeing for weakness

DHX - gradual fall - 8.6 crack needed

BANC - wait for topping

ZLTQ - g/r continued bleed - 19 test and fail

8/5/14

PLNR - over extension watch, also r/g out of gate - strong close, gap and para very possible around 4

PTRY - r/g watch - don't call bottom, wait for higher lows

PEIX - r/g and trend - feels like resistance at 20

BCRX - overreaction to ebola, think it fades

VDSI - 13.75 was breakout level, see if it holds

HTCH - looking for consolidation - strong all day

XXII - possible bottoming

GRPN - nice multi month resistance break - trend

TSEM - weakness bought up today

COT - 7.10 hold on weak open

VAPE - 2.60 fail

past

HECC- short 5 break - low vol otc

CBDE - short watch, will pull hard once it does

INTT - lost gains, but think super pick - swing account

CENX - eyeing for overextension

ESIO - 6.75 break

IG - r/g, could be double top at 6

DHX - 8.75 was resistance all day

BANC - wait for topping

SUMR - run up end of day over 4, still watching weakness

ZLTQ - g/r continued bleed 

8/4/14

HECC- short 5 break - low vol otc
CBDE - short watch, will pull hard once it does

PLNR - over extension watch, also r/g out of gate

INTT - lost gains, but think super pick - swing account

FSI - 1.50 is breakout, afternoon fades - now looking like failed breakout

PEIX - r/g and trend

CENX - over/under 20

HTCH - looking for consolidation

ESIO - grinding higher, 7 mag

IG - r/g

past

DHX - lower highs below 8.75

BANC - 11.75 break, short pops

SUMR - 4 needs to break - continued fading weakness

ZLTQ - over under 20

SYN - fade to 1.50, lower highs to be in place