See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.
Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $27,000 even though the stock market is down 20%!) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes.
Hard work, Determination and Know How.
Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.
Determination to seek those probable profits out and know how in order to actually profit from them.
Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).
As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 900+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.
This is the #1 FAQ (see more HERE) and it is answered in THIS blog post.
Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.
To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!
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If you have 2 brokers, does the pdt rule still apply?
Hello Tim—- It’s been a while, wth, I have been sick for a week…. no access to a computer, therefore no trading for me— As for you, I came on here to see how much you are up by- thinking “Tim might hit the 25K mark by now” Now I have to back peddle to see how you rationalize you losses…… not an easy game…….
PDT rule probly can be skirted, who knows, such an annoyance
lm–yup, completely screwed up this week, you either gotta be able to make more than 1-2 trades/day or u gotta risk some pain with these stocks, since i can no neither, i failed…rationalizing is that for all my mistakes, i’m 2 trades away from my highs, its good to protect your account first
Tim, you once told me I didn’t have an edge, I see now wise one , I see. I have a formula, some of it your formula!
I will test it next week. Everything goes good, I’m picking up the book since I enjoy reading.
Thank you, one day I too will be a Jedi Knight.
hey can you stop w/ the references from star wars? it’s kind of creeping me out
new post:
http://www.timothysykes.com/20.....cha-think/
Hey Tim the new post is not working for me
apparently we’re still having some browser issues embedding the mogulus video player, the new post basically just says u can see a replay of the show here:
http://www.mogulus.com/livestock
Hey Tim,
The computer I’m on at the moment won’t let me view your new post- but just you wait till I get home and Livestock it up hardcore!
Got a quick question for you Tim- Have you ever seen a stock like MXC do waht it’s done, then split like 3 for 1 and keep running?
Also (warning: newbie question), when a stock splits and you’re short, do you get twice as many shares or half as many?
mxc could easily keep going, its not a pump and dump, its a commodity play, never been short a stock that splits, but yes, your shares would increase
anybody paying that much for a burger is a moron
From this article… “Great read about a millionaire trader”
He says the best investors put in a smaller amount and then forget about it.
How bout OMAG, Tim? A company looking to develop Oman like Dubai… Made a positive side breakout this morning. A possible long play?