Most trades on the platform focus on short-term swings or intra-day trading, which can create jitters for some, but it is where you can find the action happening.
Some of these tools may already be part of your standard brokerage account suite. But what if you have multiple brokerage accounts? Or what if you want to manage accounts on different platforms? In that case, Profit. You want to find out which portion of your portfolio is too risky? Which one is the best performer? Their trade leaderboards help bring the joy of a community experience to the ordinarily tricky process of maintaining and monitoring your portfolio performance.
Helping one person may be a way to benefit you in the future. Sharing is the key here. Also, you can share your losses with other traders who have suffered a loss. It is always better to share your grief with others in your life and even in your financial affairs. Any user can designate any other user that fails to authenticate deals using a Madoff tag.
This leaderboard is useful for those who want to know which people to follow in marketing and trade management. The leaderboards and your account can be filtered according to specific terms for better analysis later on.
You can easily network with any user you find interesting, widening your contacts within the industry as well as lending your own trading experience to others who may need your expertise in trading. Send them a private message, or post on their wall for interaction with Profit. In keeping with this social aspect of the Profit. You can curate your profile to feature the items you want other traders to see as well.
Not to worry, Profit. Tim Sykes is the most well-known name on the site. He has been a successful trader in penny stock markets and has made a name of himself.
Timothy Sykes Dvd Torrents. You also have the option to add up to 10 stocks to your curated watchlist.
You can opt-in to receive push notifications and SMS via your smartphone. These notifications will alert you about any important trades that you are watching. You can expect great things from Superman and other nicknames that will help you trade better and understand the market. Paul Scolardi is a veteran small-cap swing trader who proudly wears the name.
He specializes in finding explosive potential using market signals and is able to profit big from incoming swings. The site is simple to use, and you can check out the blog tab for similar topics submitted by users. Try it out with their free plan, and if you like the platform, you can easily subscribe to some of the lower-tier intends to see what more you can do with the platform.
You need to be realistic about what the platform can do financially. However, you might learn some things along the way to becoming an even better trader. One is a free account, while most require a paid subscription. While you can get plenty done using a free account, most of Profit. All you need to do is set up your account like any other social media platform and confirm the legitimacy of your email by verifying it through a registration email they will send you.
The accounts management page allows you to cancel your subscription at any moment and for any reason. Click on your profile picture in the upper right corner of the screen, and then click settings. You can manage your subscriptions by going to the settings tab. Click on the subscription that you wish to cancel and then click on it again. Naturally you might ask who is Tim Sykes.
Good question. To make a long story short he is the guy who turned his 12, Click here to watch a video about Tim Sykes. In any event last week I was interviewed and was accepted to be a student of the millionaire challenge. Feeling skeptical? Good you should be. I am a father of 2 and a husband of 1 with a part time photography business. I own a few websites and I have been trading and investing in the stock market on and off for 20 years. However, in the beginning of I hit the market hard again and started to trade this and that along the way.
I made money but I felt like a bicyclist on the Autobahn who had no clue how to get in and out of traffic. Click here to read more about Tim Grittani.
I read the article with congratulatory thoughts and then tucked it away in my brain for 2 weeks. What would happen if the market tanked again I thought. Would my portfolio tank too? That is when I went back to the article and found the name Tim Sykes. If you are reading this and you are feeling conflicted you should be. You are not alone. However, I feel like I did enough preliminary research on TS to make an intelligent decision.
In essence I am investing in my future by educating myself. That being said this is what I did before I applied. I immediately Googled the name Tim Sykes and watched video after video after video after video after video after video… of him. There are thousands of videos, blog posts and reviews on him. He definitely make various impressions once you start watching and reading.
My personal feelings on him are irrelevant though. However, know this. I am a cynical New Yorker. I did my research and made a decision based on that research. In a nutshell Tim Sykes says to trade penny stock not invest companies on the way up and down based off of price action by using volatility, volume and chart patterns to your benefit. So, I thought about it and talked it over with my wife. She actually supported me on my decision because she knows I am thorough.
So, I bought his penny stocking silver newsletter which was great and hoped in feeling confused and overwhelmed. However, I enjoyed it and that is what was meaningful to me. About a week later I was interviewed by telephone and was accepted.
I told them that I needed to reconfirm with my wife and that I would call them a few days later. My wife reconfirmed so I joined. I want to make this clear before I say anymore. There is no part of my being that feels that this is a get rich scheme.
This is a thought out decision based on my personal research and communication with my wife. In fact he highlights them for others to learn from. This is also an investment into my future with the understanding that there are risks involved. I look forward to becoming a part of the 10 percent. I will blog about my journey weekly as it happens real time so that others can experience the excitement, fear, confusion, enlightenment and anything else along with me. I have been studying for the last 2 weeks and have not made any trades as of yet.
I still have the same personal brokerage account and have yet to open an account with another broker to trade penny stocks.
From my understanding not every brokerage account is good for penny stocks. By March 1st I plan to have an account open at one possibly 2 of the firms they recommend and I will blog about it when it happens. I also plan to begin paper trading to work out any kinks along the way before using real money. Even this morning I emailed Michael Goode to ask his opinion on a stock.
Yes I might have made some money today but I feel that if I make money too quickly without understanding what I am doing I will reinforce bad behaviors which could ultimately cost me in the end. That is it. If you have any questions please feel free to ask and I will try to answer them as soon as I can.
Some of the links in this post are from my sponsors. Thanks for the question. I look forward to answering any questions along the way because it can be scary out there and NOBODY wants to get burned. First let me say that you need to apply to the challenge. I would suggest watching a ton of videos first. Who knows you might not even like Timothy Sykes. I actually like his personality. He highlights his losses and his wins.
That being said if you continue to watch and read and still want to join you would then interview 2 times to make sure you realize this is a process and not a get rich quick scheme. I have to be totally honest. There is a TON of studying to do. Some students have banked a lot because they are quicker to pull the trigger than I am but I am in no rush. I hope this helps and come back to read more and I plan on documenting my experiences along the way.
But I hope you will keep blogging your efforts, as I am curious how this works out. I wish you all the best and will keep checking back to your blog!
I guess it depends on how you look at it. There are plenty of free videos that are very very helpful. Thanks for your encouragement. Please come back soon. Are you serious? Sorry but Tim is just another scam in the realm of penny stocks. I think getting college fees involved here is such a lame…you wouldnt be here trading if you havent gone college, i am interested in tim sykes and like him so far , have watched Tons of his videos. But i think its pretty expesive for such an amount.. As good as he is a trader but asking people for such an amount for a chalkenge and subscription does put people on doubt, this is lot of money its a hard earned money for people,,,as much as i respect him but the fees are too much for hard earner like us,,would appreciate ur answer, ,i am an immigrant by the way and make abt 25k a year.
I have found that there are much better educational and cost effective ways to learn how to trade. The key to this business is protecting your capital. In fact, I would strongly suggest you, and all who read this, be very careful if you are considering joining. Ed Martin is a friend and a great trader. Yes I recommend him highly. I also recommend Investors Underground. Yes I have heard. Anyway, if you want to reach out to me via email I will help you get started without spending a fortune.
Although what you are saying is incorrect I will tell you that you are very right. There are many scams that go on in trading. Taking advantage of that knowledge is the key. Obviously you know there are no guarantees and you are coming across as condescending. You have a right to your opinion and regardless of your tone your skepticism should not be just about Tim. It should be about every aspect of the stock market.
Tim is but a drop in the HUGE ocean. Huff Post website I believe. Pretty good read. I have a better solution. It will only help those who are interested in the big picture. Have you been living in a bubble or something? I am from NY and we have to deal with people like Tim on a daily basis.
We do so by ignoring their asses. Patrick, that article was clear and straight to the point. I believe education, practice and timing is everything; just my opinion. Conclusion, I would definitely do my research before committing. So far i have executed 5 trades since joining. I was profitable on 4 of them. I started trading real money early in my education and now know that the 1 losing trade was forseeable and something I will avoid getting into in the first place.
My impressions so far is Tim will quickly introduce you to what these stocks are and are not. This is key. The companies are mostly crap. You are not trading them for their vision just their momentum. Their momentum is very short lived and is usually accompanied by insiders dumping shares. Tim teaches you entry and exit points during the mania. Tim will teach the setup i am using so far.
Since im still new i am sticking to one particular strategy until its perfected. So far i see the potential to take advantange of 2 to 3 setups using this method. Following him blindly is not a good idea as these trades happen quick and the price will have already rose once you make the decision to buy.
He typically doesnt stay in trades long so youre likely to get burned. After alot of observing you will begin to see how he does it. His nightly stocks to watch are helpful in learning how to create your own watch lists. What he is trying to teach is self reliance not how to take a hot stock tip and buy and sell blindly.
In the few short months i have been observing i have been profitable but much more valuable is the confidence i now have of what to look for and when to get in and out. As for the challenge course I am mostly intriqued to having more access to his successful students and himself. In the silver and entry course its mostly one way communication through his videos and writings. Right now im sticking with the monthly dollar offering and will continue to learn through the instructional videos and watch his live trades.
I never quite understood that. I had filled out the paperwork online months ago, even had a guy call me for an interview but I never picked it up. You want so badly to believe it, but the only way to make money is to work hard. I wish he gave it away. People who think in dollars and cents are selling themselves short.
The only thing that you said that I will agree with you on is the work hard part. I am extremely interested in trading.
I tried it on my own and nada, zero, zelch… I can surely use some know-how. I find myself pretty much break even. I make money but then I lose money. More specifically I will make money 3 or 4 days in a week but lose most of it on 1 trade. That basically means my risk to reward ratio is off.
Luckily I am not down but I plan to make specific changes to increase my odds of success in His youtube videos, while cocky, are indeed inspirational. He wants to teach because he enjoys helping others. While doing the DVDS and books, he does make a nice, but small, profit. Ur probably right but anyways. I think his style is legit and I plan on investing my time to learn his techniques. The mindset and outlook you have in general is one so common among the many defeatist individuals that tend to discount anything and everything without any actual knowledge of the subject.
Im glad that people w that negative mindset exist though bc it allows us other not so unfortunate individuals to succeed in the areas that you arent willing to try to.
And no im not a gullible easily persuaded person always looking for the next get rich in case that was going to be your rebuttle.
Good luck. Why is it a SCAM? Use this time to see how a Pumper who bashes on Pumpers actually Pumps a stock and then sells it to his subs. When you go broke — believe me, you will — then you can join IU and actually make some money. I currently recommend Day Trade Warrior. The education, scanner and live newsfeed is great. Brainstorm: How about attending the University of the Self?
Tim makes much more ripping off suckers than he does at trading. Thank you so much for sharin the process.
Im about to make the investment on tims challenge but currently im in a very difficult financial situation since I support my mother and myself. Could you please guide me if im making the right, decision or is a scam. If there are online trading schools that really worth the money and time. Here is the truth.
You need money to make money and that is the bottom line. If you are using money to support you and your mom and you are on a tight budget you have to know that you could potentially lose. Have u made any money? We could all bust and he ends up a multi millionaire? Any successful chatroom will have subscribers who pay for a service and that site owner will make the majority of their money doing that. Trading small caps is not very scalable so making millions happens over a period of years and not days, weeks or months.
However, with all that said I no longer recommend the challenge as I have found that Day Trade Warrior has a more solid educational format and is much more cost effective.
I highly suggest you do a lot of research and utilize the tools I put together here for free first. So, do your research, learn as much as you can without paying for anything and then find the route that is best for You without worrying about how much people make. I hope that helps. I appreciate the digs on my name, lol! Its gotten me outta trouble a few times! People dont know to feel bad, or think its great!
Thank you for your opinion, I will definately research till I find what works best. Thank you! In the world of trading you can trade whenever you want. Now when I say this I am not trying to be mean but there is no other way to tell you the truth without giving you some important and hard facts. Buying another dvd after not understanding the 1st one will only add to the confusion further burning through your limited capital.
If you are trying to get my advise I would go through my site as I have mapped out my thoughts pretty specifically. Thanks Jai. I really admire this. Exactly as good as he is, why does he has to charge such an exorbitant fees if he wants to help other people, why cant he make the fees reasonable, it is hard for people even if they want to learn from him, if he is a real helper he got to be reasoble with fees ,,,,charging 5k is too much to teach the stuuf and old recording.
When you say you can help without having to spend close to the amount you spent on his course what do you mean? Can you please help me out I am not sure which direction to go here at the moment with what to learn. If I took even word and slang got what was in these DVDs I got it would be 6 years before I actually remembered them all and was able to use them lol Please e mail me here hod hotmail.
Hi Jai, im intetested in joining and im definitely very dedicated if it works so my question to you is how is it working for you so far? Are you still part of it and have you made money off of the challenge? Thank you. I think there are much better and more cost effective ways to learn to trade.
Feel free to reach out to me if you need any help. Can you please send me an email of your recommendations as to where to start? Hi Chris please email me directly if you want a full breakdown of all my recommendations. However, I would suggest you start here. Read the books first and watch all the free videos that are out there.
Take a look at some of the other Gurus. They seems to have some slight differences. Jason Bond traded small caps, Sykes trades penny stocks and Ross Cameron does a bit of all of them. That is a guaranteed formula for failure. In fact, James, your comment has inspired me to write a post about how to use a stock chat room. He read every book he could get his hands on and studied trading.
What these guys can never give you is judgement. You need to develop that on your own. Anyway, I thank you for inspiring me to write another post. I find it sometimes challenging to write and you have given me an idea I will run with. All the best. That, one must achieve on their own. There is obvious good judgement and bad judgement. In essence what is good judgement in trading for one might be bad judgement for others. For example, I personally think holding a low float pharmaceutical stock over night is bad judgement, however, people build careers on that very same strategy.
So, while I am in agreement with your statement I find that having good or bad judgement in trading is something that one develops over time. Hey there did you end up profiting and is the cakllenge worth it? Have been pondering this since February and having a hard time deciding!
There are a few people out there that are interested. I plan on continuing to post regularly. If I can shed some light on others along the way that would be all the more worth while.
As for a trading platform I am looking into that as we speak. I have heard others have used SureTrader and recently I spoke with Asheya the single mother of 2 who has over 71k in gains and she uses Think or swim. The main thing is feeling comfortable using the tools that each platform offers. Hope this helps somewhat. Question for you.
Hey Fred. Congrats on signing up. Be patient though. Everyone and their mother is contacting Tim on a daily basis but someone will reach out to you. First you will get an email asking you what is a good time to speak. Then you will get a preliminary call. If all goes well it will open up from there. The best thing to do is read, watch and learn everything about his technique. You will start to see a lot of things overlap but that is a good thing.
It is a bit confusing at first but if you just hold on things start to fall into place. Good luck with your interview. Let me know how it goes. What kind of questions are asked during the interview process? Do you have to be completely well-versed in stocks or can you be a beginner? Hello, I have a question. For me that was super time consuming. I am looking at the challenge as an education that I am paying for.
To date I have made smarter financial decisions based off of what I have learned. I have saved a lot of money, time and headaches by the world of knowledge that is there.
However, there is a lot of overlap. Eventually you feel like you are picking things up. My suggestion to you is to keep learning. Google everything that comes to mind and type in the name Tim Sykes when it comes up. See what he says. Read what he says and then you will be able to make a more sound decision on what is best for you financially, emotionally and personally as a trader. I hope this helps. I was interviewed and able to join.
Does it really make a different having the live web meetings? Do the text alerts tell when to sell and to buy? Also what software do you use?
Although we all want to be profitable I signed up for an education first. I forced myself to NOT trade during the learning phase. So, I am still in the studying phase. I think you might be able to be profitable with just the pennystocking silver BUT you need to follow the rules and learn them first.
Add a header to begin generating the table of contents. Timothy Sykes DVDs. Pennystocking Framework. In Pennystocking Framework , Tim Sykes lays out his 7-step framework for trading low-priced penny stocks.
This popular DVD is good for beginners — check out our Pennystocking Framework review for more details. Trading Tickers. Trading Tickers 2. The highly-anticipated sequel to his groundbreaking first course, Trading Tickers 2 provides an updated look at how Tim's strategies have evolved over the years. Featuring 6 hours of trading instruction, Pennystocking is the original guide to consistently profiting from the volatile penny stock market.
Pennystocking Part Deux. Trader Checklist Part Deux. Quant Trading
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