For the life of me.. I keep paying this guy $30 or whatever it is a month.. and yet.. I’m not taking advantage! Well, truthfully.. the reasons aren’t anyone’s’ fault, I think the reason is more of a funding problem at to why I’m not trading much using his recommendations.
It’s certainly not from lack of emails that he sends out (usually more than 3 a day), nor the problem with the actual trades or pennystocks that he alerts us on. In fact the stocks he alerts on are usually very valid and certainly worth playing for the most part. I think part of the reason is that I get the emails or alerts likely 3 or 4 minutes after he makes the trade. By this time, the stock has already made a significant move for the most part, not always, but I’d have to say 90% of the time.
That’s not the reason I don’t trade them however, like I say, it’s more a matter of funding. Right now, I’ve had my money tied up in one stock in my ThinkOrSwim trading account, that stock is DRYS (averaged in at 5.98 an 6.66), using buy/write strategies to slowly make a good percentage over time. So far this has been working great, hopefully it will continue and I should really open up a seperate account to ‘play’ with.
I was going to try his latest short which was GVPB, however thankfully ThinkOrSwim didn’t have the shares to short as Tim has so far lost $4000 on it as it’s soared to 0.80 at the time of this writing (the short alert came out at 0.56-ish). Not a big deal as Tim feels like Kanye on the MTV music awards in that he lost a lot of people some cash on that one and feels horribly. That said, there is a real chance that the stock is going to break down to nothing soon enough, it’s just that Tim can’t risk the cash, nor reputation on one play.
So I keep paying over $30 a month (price has now gone up to $50 USD/month) and I really don’t have much intention of quitting the service, consider it a type of business insurance that I keep it. I know that Tim is going to make money, after all.. the man has verified trades and is up close to 500% if not more so far (turning 12,000 to 72,000 in almost 2 years).. so why would I quit the service right now?
I’ve reviewed his service in the past when I renewed TimAlerts service as well as when I originally started with TimAlerts, and I will continue to keep you up to date on it.