Hey everyone,

I would like to set the record straight (no pun intended) with this trading service and my abilities as a trader itself. 

There is no secret here.  No surprises, no scam, no hidden agenda… nothing.  I am a guy here running a service that I started a couple of months ago, teaching various strategies I have learned over the years.  I have learned techniques that I utilize on a daily basis including stock ‘scalping’, swing trading, investing, and shorting.  Some techniques and strategies I learned myself through experience and dedication, others I have learned from other traders and have added it to my skill set to further my abilities and increase the opportunities I can make money from.

I have noticed that my lack in confidence is affecting my otherwise great picks.  Now that I am trading knowing many people are following me, I am starting to feel the pressure and stress of others relying on me.  It’s something I am truly trying to get over, and it has affected not only my personal trading profits, but the results of those trades as well.  Normally if I was trading a stock on my own, I would hold out for the goal I have.  Now that I have an official performance tracking spreadsheet, I feel as if I need to close some positions out early just to show a positive gain.  This is counter-productive, as many of my picks have gone on to make even bigger gains.

I am going to work on this and try to build my confidence up to allow myself to let these picks to mature, or ‘ripen’, as I am not fully realizing the maximum gains in which I see when I present them to you.

I will give you examples, using this weeks real time alerts and watch list buy triggers:  (You can also see my spreadsheet here: http://spreadsheets.google.com/pub?key=t41-JV7oTPi3sfbttVT_ILg&gid=4)

04/05/10:  PIR (Watchlist) BUY trigger $7.10, SELL trigger $7.45 (4.93% Gain) – Hit a high of $8.78 today for a gain of 23.66% since the buy trigger

04/06/10: JMBA (Real-time alert) Bought at $2.89 (saying I was looking for a breakout over $3.00), sold at $2.90 for a gain of 0.35% – hit a high of $3.19 today for a gain of 10.38% today.  Did mention in chat several times to subscribers it is a great swing trade over $3.00 which a few are still holding this.

04/06/10: EK (Real-time alert) Bought at $6.92 (said I was looking for a breakout over $7.00) sold at $6.92 for a break even trade – Hit a high of $7.75 yesterday (4/8/10) for a gain of 12% since my alert

04/07/10: NENG (Watchlist) BUY trigger at $2.27 (recommended as a swing trade) hit $2.50 SELL trigger today (making a high of $2.54) for a gain of 10.13% today

04/07/10: ALME (Real-time alert) Shorted avg price of $2.46 (Because volume faded and shares were available everywhere) covered WAY too soon yesterday at $2.38 for a gain of 3.2%.  Today, ALME completely collapsed like I predicted this whole week, closing at $1.95 for a maximum gain of 20.7%

04/08/10: CHRS (Watchlist) BUY trigger at $5.20 (recommended as a swing trade to $5.50+), emailed subscribers to lock in profits at $5.31 yesterday.  Hit a high of $5.76 today (using my Oversold Reversal Spike strategy) making it a gain of 10.7% since the buy trigger.

04/08/10: PALM (Watchlist) BUY trigger at $4.75, hit stop trigger at $4.62 because stock gapped and died at the beginning of the day.. mentioned I was looking for $5.15+.  Recorded as a loss, but today it hit $5.29 for a gain of 11.3% since my buy trigger.  A subscriber (tjlamb) didn’t stop out yesterday, held, and made nice money today.  Great job… !!

04/08/10: PIR (Real-time alert) Bought at $8.01 (mentioned I liked the breakout over $8.00) and sold at $8.10 for a 1.12% gain.  Hit a high of $8.78 for a gain of 9.6% from this alert.

Why am I showing you these results?  Because it is showing that I am a better stock picker than a trader.  I am not a #1 ranked trader, nor do I really care if I am.  Does it truly matter how much I am making if you guys aren’t learning and making profits yourself?  My goal, and the reason I started ProphetAlerts.com, is to get paid to teach people how to avoid taking huge losses and to improve their trading skills.  I truly care more about your gains than what I am personally making, as I am already profiting from membership fees here.  As I continue to get more comfortable with this service, my trading capabilities and profits will naturally come back, better than ever.

I would like to see more testimonials about how much money you guys are making- and losing.  I would like some of these results to be posted on our Investimonials.com review page.  Lets continue to make money and improve our trading skills as a Team… not as an individual.  I am here to make you money, not inflate my ego and boost my popularity on a personal level.  My trades people are realizing is not the ‘bread and butter’ of the service- but rather my stock picks themselves. I think this is what will make ProphetAlerts.com more popular, rather than myself.

Many times the best traders out there show these huge gains.  But when you actually trade their strategy you can never duplicate their success exactly by following their trades.. this service I feel is the opposite of that… many members are actually doing BETTER than me because many of my picks do well in the long term.  Remember YRCW‘s buy trigger at $.36 a month or so ago when i said it was an Oversold Reversal play?  Well… look at it now.  Hit almost $.70 today.  But the strategy is the buy and sell triggers, and I am selling too early.  This is something I am trying hard to improve on… but always remember, no one went broke taking a profit!

Lets continue to grow as a community, as a team- and kick some ass in the this crazy market- one stock at a time.

Have a great weekend, and look for my video watch list on Sunday night.

Kris
ProphetAlerts.com Staff