Laura and I watched this together...I agree on all points she made...
I'll add this,to me this DVD was a playground,I loved the charts and the stocks he talked about in those charts.
Why,because I remember those runs and know every last one of them.
Certainly you won't unless you follow stocks as much as I do,but the point is Tim knows exactly which stocks and charts to use as examples.
That to me says a lot about his reputation...no junk here...just the best examples to learn from.
Being gonzo myself,I really liked the part where he talks "Boring Breakouts" and choppy messy charts.
Just as I feel,Tim feels the same way.
The stocks/charts he uses as examples of these are dead on...we are looking for potential big movers,not yawners...Tim does a great job here with these.
One thing I have to disagree with is he says his niche isn't really scalable.
Ok,I understand he is looking for the "Super plays" and that is correct if you just look for those because there are so few,it's not scalable in that vein.
But here is the thing to me,which to me makes his niche so awesome.....IF you can master getting into Tim's head,how he looks at this angle you CAN make it scalable.
By this I mean one doesn't need just the Super Play...
Myself I can find a few dozen a week off his angle that in essence aren't Super but way good enough on the risk/reward side,both long and short.
Remember,Super Plays don't always pan out,nothing is 100%.
What I'm saying If you understand this niche, imo,you can find a bunch of others that give you great possible trades.
To me this is even a greater testimonial to this DVD.
You work hard,learn your stocks and the patterns Tim describes (just on a lesser scale in relation to their breakouts/runs) daytrade them,I say you can scale this into big time cash.
Funny but I don't even think Tim realizes what a gold mine this can be to an EXPERIENCED trader who comes close to mastering this niche he has.
In closing, this DVD is worth every penny,imo....it's a dark corner of the trading world,one that he brings to light.
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2 comments:
Good to see the great reviews on Part Deux and Tim getting some long overdue credit. I have the 1st Pennystocking DVD, will get the 2nd one. Tim is truly a great guy, knows his stuff, loves what he does, is a great teacher and has traded since he was like 16 (he's 27 now). I was skeptical at first and it took me a long time and lots of reading on his site to be convinced. I attended one of his seminars, also. Unlike some of the comments on his site, he is not a snakeoil salesman, he is the real deal. I got turned on to Pennystocks through Tim, and that is how I found this site. I've learned so much from both and I take different perspectives from each site to trade. I really hate to see some of the comments where people are trying to drag him down (but he seems to thrive on it). It shows that they really haven't researched, or know much about Tim or his system. For what Tim shares in his DVDs, book, and seminars, the prices are quite reasonable.
If it is like the first edition of the DVD, it will be valueable ONLY if you are very very new to this type of trading. Virtually everything in it was "old hat" and I had only been studying the low-price stocks on GOTS and DarkSide for a few months. Most notable aobut the DVD set and workbook was what was missing, not what was included; for instance, the value of filtering and scanning and how to do them was a glaring ommission. I couldn't help but htink he was holding back the goods in order to sell the next thing to you.
Maybe the "Part Deux" is that next thing and now everything you need is there...I just wouldn't do it again.
I sold the set within 2 weeks on eBay for $210 and just kept studying on my own.
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