Testimonials

This is a sampling of the comments that have been made about the web site.

From: kc

Sent: Monday, January 14, 2002 11:30 AM

Subject: 8 week comparison

Jim,

As you know, I was a subscriber to the Chartman service before reading a
post you left on the GBS_Trading group on yahoo. I thought you'd appreciate
this 8 week comparison of my trades using the Chartman and my first 8 weeks
with IITC.

CHARTMAN
>From 10/1/01 - 11/9/01

45 trades (all stock)

35 Long
10 Short

25 Win
20 Lose

$1154 profit

IITC
>From 11/27/01 - 1/11/02

44 trades (all stock)

10 Long
34 Short

28 Win
16 Lose

$5000 profit

As you can see, I did significantly better during my 8 weeks using the IITC
service.

I believe the key to this success has been always setting my stop loss based
on a dollar amount ($500 in my case) and basing entry and exits on the chart
patterns. I have basically sold resistance and bought support with stops set
appropriately.

Just wanted to share this information and thank you for an excellent (and
profitable so far) product.

The personal service and support is what really makes your service. It is
phenomenal.

Thank You

kc

From: Max........

To: 'admin@itsinthecharts.com'

Sent: Wednesday, November 14, 2001 5:37 PM

Subject: Daily E-mails

Jim,

This is just to say thank you for the excellent job you are doing. The
daily e-mails and mid-day notes you send are very informative and have
helped me placing my trades appropriately. Because of your timely
evaluation of the market, especially NASDAQ, I had an average return of 55%
from my option trading in the last two months. Thanks again and keep on the
good work.

Max

Jim, Wow!! What a nice return to IITC after my break. It has given me some confidence in myself that I was watching TLAB before I joined, and your comments confirmed my thoughts. I bought on the dip today at 12.45 when I saw it holding strong thru the naz retracement. My friend you have a great service here that I appreciate. Thanks again ,I paid for my subscription and plenty more in my first trade :) - xxxxx

This following email lead to a rather detailed response, and I wanted to share that here.

Jim:

I have quickly reviewed your newsletters for the last couple of days. What I find is that I had better take the lessons you mentioned in order to better understand. At least I need to get a handle on the abbreviations.

Don't mean to bore you, but you seem to want to know something about me. I am a novice at this, have very little $$ to trade with and have a rut job that keeps me busy most of the day. Don't really have the time to keep in touch during the day. My first impression is that this doesn't coordinate with what you are doing with your newsletter.

BUT, I will do some paper trading with you for a little while at least and see what happens. I have enough experience in the last year with TSFN to know that paper trading isn't quite the same as the real thing, but it can be a learning tool.

Thanx for putting up with me.---------Xxxxxx

And here is my response to the issues and questions of the above email.

Xxxxxx,

Yes I do use quite a few abbreviations. I will try to list a few here, if there are some you are not familiar with, just ask and I will be glad to explain each one.

A few that I can think of that I use.

min minute

rl retracement line

bo break out

lod low of day

hod high of day

50ema the 50 period exponential moving average. On a daily chart that would be the 50 day exp. moving avg.

iitc Its In The Charts

op or ops opportunity opportunities

Yes, I do want to know a little about each member. I don't want you to just be a $ each month. You are a real person, and you have a reason for looking at iitc. And if I can't meet your needs, then you will look elsewhere. So I am interested in knowing what it is you are looking for.

Since you are tied up during the day, I doubt that you will be using the chat room feature.

Now, you mentioned your impression from the intraday newsletter emails that I have been sending out. I have tried to set iitc up so it will cover 3 different types of people. To start with, you have the Web content.

The daily update (& weekly update too) will give you an idea of what the market is likely to do, OR what you need to do IF the market does something specific. Add to that the Stocks To Watch. I really try to highlight stocks that show potential for multi day moves. I don't throw out a lot of stocks looking for just a one time tiny pop. These are stocks to watch. They are showing potential, but not all of them will live up to their potential.

This is for everyone, and can especially be used by someone that can't watch the market constantly during the day.

Next there is the intraday email. The main purpose of that is to give the people that can casually check on the market an idea of what is shaping up for that day. This is more for the short term moves. And if something dramatic is happening, it could help you with your longer term plays.

Then comes the chat room. This is geared more for the intraday plays. In the chat room we do consider some of the longer term potential. It is not a "Day Trader" room where we are in and out constantly for nickels and dimes. This is for people that can pay more attention to the market, and that want to hear my comments as they come to me. As I see things shaping up, they are right there to hear it. An example would be today in the chat room, I presented a good argument why msft was shaping up to be a short candidate. I did point out that I felt it was a very high risk one, but that there was getting to be more downside to it than upside. Another one was PMCS, we had been watching for an upside break, it tried, and it failed. This afternoon I mentioned it as an intraday short, with possible potential of holding overnight. What happened, they both fell during the afternoon, and both took big hits in price in the after hours. Both called correctly, and in time to get a position. So you can see the chat room gets the extra info, thus the higher price.

Now, lets get to your comment on limited $'s. You will notice a page in the members area called "Trades". This is where I have set up an "account" with $10k in it. For legal purposes, it is a paper trade account. But the kicker is, all of the "trades" are announced in the chat room, and most are discussed before they are placed. Usually I will say something like, " xyz is getting close to being a long, it shows a double bottom with bullish divergences, getting ready to go long." Then once I see the set up that I like, I will post that I am going long and the size of the position, and the current (ask for buys, or bid for sells), and this must be confirmed with the time and sales. There has to be trades at that price. The only exception to that is with some options. As long as there is a valid bid/ask, and it is stationary, I consider that a good entry. All of the options positions are less than 20 contracts, so for a real order the specialist would have to fill it at the bid/ask advertised. None of the trades are done after the fact. Most people will say that because it is a "paper" account there is no pressure. WRONG, my reputation is on the line. There are times I wish it were just money, I have found this to be more pressure that trading my own account.

What is the purpose of this "account"? Actually there are quite a few reasons I am doing this.

1. This fall, there will be some new rules in effect. These rules will limit the number of day trades a person can make if they have less than $25,000 in their account. I want to show how to use the information from IITC to live within these rules. This includes on how to stop out and not create a day trade. I think I am the only person showing how this can be done.

2. I do realize that many people do have accounts with less than $25,000 in them, and with a small account, it is just about impossible to "day trade" and be able to make a living at it. So I want to show how to use a small account and either supplement your income, or grow your account to where you can trade for a living. And to do this by NOT daytrading.

3. I want to show how to use the strategies from IITC in a real life scenario, and show that they work. This is also a way for me to fine tune some of the strategies to make sure that they are ready for this fall, and ready for the new trading rules.

This is the 2nd week of the account. The first week I over traded it, and had to fine tune some of the rules that I follow on it. The most impressive thing is that at the end of the first week the account did end with a gain. $123.00 but still a gain, not a loss.

This second week, I am not overtrading the account, I may have swung just a little too far the other way and passed up some profit ops. Positions are still open, so will have to see how they do to know what the gain or loss is. This is something that will take some time, it will go up, and go down a bit. The important thing is what it does over time, and how well it can grow.

I hope this addressed all of your questions and concerns.

If you have any questions or comments, please let me know.

Thank you,

Jim.
www.ItsInTheCharts.com

Thanks, Jim

I have to tell you that I printed all your lessons and it was like a light bulb went off for me...I've heard it all before but with your simple language and excellent charts giving the visual...well, it was an "a-ha" moment for me - THANKS !!!! Look forward to more of your knowledge - some of the sites I have been involved with have been way over my head.

I really do appreciate your time and that you DO take the time to answer -

XXXXXX

Jim,

Thank you so much for providing a chat room that is informative and fun. I think I'm going to like it here, learn a lot and make money.

I really liked (and needed) the e-mail you sent the other day about money management and the importance of making good trades and not just trades. I'm guilty of getting caught up in the chat room hysteria previously and not making much money, in fact often losing money and left wondering how others were not.

I'm looking forward to a clean start and only entering trades
where I have a plan and understand why I'm entering it. Please keep reminding us of the importance of this. It's so easy to forget.

Regards,

XXXXXX

Jim,

my kudos to you for such a well written and researched newsletter! When one considers the time involved on researching a subject matter like this one {the new trading rules}, let alone writing about it, it makes you realize the effort of your endeavors. Keep up the great work Jim, {personal comment omitted}

XXXXXX

Jim,

You did a great job in explaining this {the new trading rules} very simply and clearly. I think the
SEC should hire you to rewrite their regulations in plain English. I'm
looking forward to trying out some of your new strategies as they develop.
Thanks for looking out for the small trader like myself.

Regards,

XXXXXX