First Time Visitor To 20s Money?

I encourage you to click here to read about our site and community. Please consider subscribing to the RSS feed to get 20s Money content delivered straight to you. Furthermore, check out the free reports we offer for 20-somethings looking to get ahead financially.

Gaining Confidence In Technical Trading

As a 20-something investor, my goal is to master multiple styles of investing and multiple strategies of investing. I wish to be exposed to multiple various strategies so that I can learn from a multitude of sources and hone my own investing style over time. Since, I’m a relatively new investor, I’m willing to give any strategy a shot.

If you read my blog, you know that I love finding great companies to target to build long term positions. A separate and very different strategy, trading based on technical analysis, is beginning to become a bigger part of my overall investment approach. Let me explain.

Today I had an excellent trading opportunity that would have made me a nice chunk of money. The trade was to short a company that had a big run up over the last few trading sessions. Unfortunately, my brokerage had no shares available for me to sell short. The important thing is that the trade, had it been executed like I requested, would have been profitable. This helps solidify my belief in such a trading strategy.

I have been learning a trading strategy focused on shorting micro cap and small cap companies that get “pumped up” and overbought. The tough part is taking the time to find these stocks that are poised for a sharp pullback. Since I don’t have time to search for these companies, I rely on a service called TIMAlerts. Through this service, I get alerted of potential trades of this type each day. It is amazing how often these trades are right on.

Check out the example of the trade today that I attempted to execute and what happened afterwards. Again, I made no money because there were no shares to short, but it sure boosted my confidence in this strategy.

As you can see, the alert was right on in indicated a potential pullback. TIMAlerts is a service of Tim Sykes. Tim is a personal friend and is also a very well known trader who specializes in shorting penny stocks. His portfolio is #1 in popularity and performance on Covestor and you can follow his trades daily on his blog. He’s up over 100% over the last 12 months or so (compare that to the market).

I would strongly recommend checking out TIMAlerts as the service pays for itself almost instantly. For about $1 a day, you can be alerted of awesome money making opportunities like I am. Check it out. Even if you’re nervous to pull the trigger with some of the recommended trades, at least you will be getting exposed to a new trading/investment strategy. If you’re like me, you want to learn all kinds of styles to develop a broad skill set when it comes to investing.

Popularity: 15% [?]

Don't Miss A Single Post - Subscribe To Our RSS Feed!

Related Posts:

RSS feed | Trackback URI

Comments »

No comments yet.

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.

Link to this post, and I will link to your site here:

High Interest Savings


Hey everyone, one of the most important aspects of my savings is to make sure that every dollar I accumulate earns as much money as possible. I use ING Direct as my internet based high-interest savings account. They have great rates and is the easiest savings account I have ever used before. Do you know what you are earning on your savings? If not, check it out and then compare it with ING Direct. Most of you can definitely earn more interest in your money. Also, one of the best things about my ING Direct account is how easy it is to move money around to and from the account. Now is the time for you to implement ING Direct as a part of your savings strategy!
  • Search

    Tags

    Archives

  • What I'm Doing...

    CONTEST: Giving away $250: http://tinyurl.com/9do9cd 1 hr ago

    Follow Kevin On Twitter
  • Featured Sites

  • OUTRAGEous Articles

  • Recent Comments

    • Thanks for this opportunity! I read 20smoney for the insights into the economy and discussions regarding investing. Keep up the ...
      Alan | 7Jan09 | More
    • torbjorn: Absolutely! I appreciate your comments and I always encourage healthy debate! Thanks for reading. I like the idea about ...
      kevin duffey | 6Jan09 | More
    • Yo Kevin. Thanks for some good posts through this year. Though I often seem to be looking for arguments, do ...
      torbjorn rive | 6Jan09 | More
    • #2-4 are going to be part of my mantra for this year. If I do not get promoted at ...
      doctor S | 6Jan09 | More
    • I'm glad to finally see a post with positive undertones here! It seems like almost everything you write lately is ...
      stephanie | 4Jan09 | More
  • Stocks Watchlist

    DJIA8854.29chart-160.81
    NASDAQ1615.68chart-36.70
    S&P 500916.84chart-17.86
    AAPL91.86chart-1.16
    PM42.68chart-0.56
    MO15.14chart-0.01
    DIG30.80chart-2.53
    FXI29.57chart-1.99
    GLD83.14chart-1.99
    2009-01-07 11:32