In case you haven’t noticed, I’ve been totally wrapped up lately with my new WolfMillionaire.com guide to growing your following on social media, specifically instagram. I’m really excited about sharing everything I know about making money on the web’s fastest growing social network, but the sad thing is that it’s been taking up so much of my time that I haven’t been able to do as many Q&As and support messages as I like, especially since despite the new project, I’ve kept up trading pretty well in a tricky market, making daily video lessons and giving my weekly live trading/Q&A webinars to my trading challenge students.
So today, I’m going to give you one of the best pieces of advice I can think of right now. Hopefully this’ll hold you over until Wolf Millionaire is launched and I can get back to doing what I do best – teaching students how to become penny stock trading millionaires.
Are you ready to get started? The one piece of wisdom I want to leave you with – the one that’s as responsible for my success as a penny stock trader as anything else – is this:
In today’s video lesson HERE I talk about risk, and this is a stock trading blog, so we’ve got to talk about risk tolerance, right?
Risk tolerance is a big buzzword for most financial companies. Hell, take a look at the picture below. That’s the landing page for E*TRADE’s Online Portfolio Advisor system. And you can see, right there in Step #2, that this program is going to take your risk tolerance into account.
It’s right there – it’s one of the first things E*TRADE tells you that you need to think about when you’re opening an account: Continue reading →
BUSY few days for me, check out this video preview of 6 of my top trading challenge students & I trading aboard a $12 million yacht in the hit TV show “Below Deck” on Bravo, our full episode airs next Tuesday 10/14 9pm EST so tune into Bravo and watch us!
This is a truly GREAT and useful guest blog post from one ambitious trading challenge student…we like to ignore the risks of trading and focus on the rewards, but you must ALWAYS consider risks and mistakes before you focus on the good stuff, the $$$$$$$ rewards! Continue reading →
A few weeks ago I wrote a response to James Altucher’s anti-day trading article with my own little article entitled “24 reasons to day trade” because this industry is put down waaaay too much…whether or not all his criticisms and my pro-trading bullets are applicable to newbie traders, this funny video certainly is: Continue reading →
UPDATE: Because my family and I are so overwhelmed with DVD orders and new subscribers, we’re waaaaaay behind on emails and getting everyone setup. Until we work through this backlog, our 50-75% blowout sale is still good and valid probly until the 2nd week of January 2011 — thank you everyone for your willingness to learn!
This is the beauty of Profit.ly…we can FINALLY see REAL traders and their $ profits and losses…none of the typical half assed stats filled with disclosures and percentages that you see on other websites. After all, you get into trading to make MONEY, not to outperform the damn S&P 500.
"I'm a 29 year old single mother of two. I do not have a regular 9 to 5. I am currently day trading as a living. Prior to discovering Timothy Sykes I played around with a couple other mentors and penny pick sites. Sadly not being taught the basic fundamentals I lost $5500-Terrible! I found Tim's website in May and now I'm up 50k learning from Tim Sykes. I am extremely grateful for Tim, he is the truth hands down!” - Asheya Burton
Learn How I Turned $12,415 into $4,601,000 Trading Stocks