Member Tips

Member Tips

What do your Successful Members Suggest for Best Using the Service?

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From Jim Brigham:

I decided to make an attempt to see if my day trading hobby instead of chasing hackers could possibly support my family. I was introduced to your incredible Willie Wonka Golden Ticket website by that lady trader from Texas about 3-4 months ago and she is probably one of your most loyal and determined devotee's. My test is simple. Can I do this in a repeatable, quantifiable manner for a sustained period of time (1 month) and make money instead of losing it. Kind of scary to consider changing horses after I have ridden this one for so long.
The first week test has passed. 6 full days of following the program:

  1. Saturday webex
  2. Homework on the stocks targeted for the day
  3. After watching anywhere from 12 to 20 targets in the morning and after going through your first video of the morning I make some initial picks and start buying stocks. Never more than 4 at any time. From there I follow your numbers on targets and stops. Typically within 15- 30 minutes of the market I have whittled down to 1 or 2 stocks that appear to be on track and accumulate shares in those 1 or 2. Nothing is sacred, if it drops 100-200$ or hits Harry's stops I shoot it in the head and cut my losses. Its not rocket science after watching a few hundred of your video dissections of your charts. I am a simple guy and tend to think in simple terms. For me when charting I am usually looking for a couple things. Is the stock going up or down and at what point does the stock change direction? As I learn from those willing to share with us "newbies" my charting will improve over time but still serves its purpose for me.
  4. After a stock has met or exceeded its target, I tag and release it :) and realize my profit.
  5. Review the Charts of the Day video to prep for the next day. My work day lasts from about 5am to 10pm.

So at the end of the first 5 (6 including Saturday) day test week I am up 34%. Profit for all 5 days. I am not the sharpest knife in the drawer, but I do realize that to be successful at this I only need to have a 20-40% win rate and there will be losses. So on to phase 2 of the testing. Can I sustain the level of focus and concentration for 1 solid work month? I think I know which way this going already. I never could have imagined that this "get rich quick" scheme was going to require so much work.

Bottom line is: Harry, you are the Bee's Knee's and for those beginners out there like me I can say with a smile on my face that this is FOR REAL. As long as you do the homework and follow the rules you will have most probably find yourself smiling a LOT.

From James, Denver:

One key to trading successfully with Harry's service is TAKE YOUR PROFITS . . . and your LOSSES!

If a stock doesn't go up in an hour, get rid of it. I set up my stops tight -- I'd rather be down a nickel and be out, and then I can always get back in later. Likewise with profits, when a stock runs up, I get out. Can then play it again on a pullback, maybe 2-3 times in the same day.

My winning trade ratio is about 60-70%, with my "take the money and run" approach. I'd rather make $300-$400 a day than have wild swings and lose $800-$900.

As for timing Harry's alerts, I never buy pre-market. I never use a market order, always a limit. I look at the live charts, at volume and MACD crossovers, and sometimes I'll wait after the alert for the stock to come down to me, rather than chase.

One suggestion for newcomers is to watch and paper trade. Also, have enough capital. I've heard people who are new to the room say they're down to their last $500. They shouldn't be here. $50,000 minimum (need over $25k to leverage the trades), and don't play with all your money. I like to use no more than 10% of the portfolio per trade -- so obviously can't be in every trade either.

From George, Norwalk, CT:

I come into the session with stocks I'm already looking at based on my own screens and a trading plan; when I see overlap with any of Harry's picks, that helps me confirm. While filtering does focus you on stocks that meet the criteria of trading plan, not all signals are equal, so weeding out the weaker signal helps you focus on only the quality signals -- and this is what is most valuable. Some traders like to keep a Clipboard of even something more visual like White-board next to their trading computers with a categorized list of opportunities, entry limit prices, profit target prices and stop-loss prices for the day and for the next 10 trading days.

I look for hot sectors, IPOs, stocks that are making new highs for the last 90 days, 4% breakouts, charts with reverse thrusts, and I run several intra-day scans via Worden TC 2000 and premarket scans in Finviz.

I usually buy on the pullback or wait until the chart gives me my set-up. It may be a bullish falling wedge pattern or rounding-type pattern. Sometimes I'll buy a stock in the middle of the day that disappointed me in the way it opened, but later on it has taken on the appearance of bullish falling wedge, a bullish flat base, or if volume spikes and /or and the position starts to form a new base, I may hold it overnight because stronger stocks have a tendency to make substantial greater gains on the second day.

One of the most beneficial approaches to gaining the most utility from HB's site is to approach it as a live, real-time classroom, and this means doing your homework, run your own screens and definitely have live charts and charting tools in front of you when HB is marking up charts. By performing your own due diligence, you may be able to better understand many of Harry's premarket picks when the actions goes particularly fast. If you are doing your own research, no doubt HB will come up with a name or industry you know, something you can wrap your head around. Read the chart and, as Harry says, don't buy on anticipation, wait for confirmation and when you get hold of a strong runner, sell into spike.