How To Become a Professional Trader

professional trader

Become a Professional Trader?

So, You just got done binge watching movies like The Big Short or Wall Street (the original of course), cruised through a few hours of video on youtube learning about Institutional Trading and now you have your eyes set on becoming a rich Wall Street professional trader. If you want to become a Wall Street titan, the next Gordon Gekko, I might not be able help you. You need to understand there is a BIG difference between a retail trader (like me, on a beach) and an Institutional Trader (suit and tie Wall Street type) However, if you want to learn what it takes to become an Institutional Trader trader versus a penny stock trader like me, keep reading and start drinking a lot of coffee, you’re going to need it!

This is definitely not your traditional guide on how to become a Wall Street trader. Basically, I’m going to outline the steps that one might take to go on the traditional route…then I am going to offer the non-traditional route I’ve taken. Then, I’ll let you make the decision! (hint.. choose the one that offers more freedom)

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How To Trade Penny Stocks During The Summer

Trade Penny Stocks During The Summer

Trade Penny Stocks During The Summer

It’s pretty funny to admit, but I didn’t even realize I haven’t had a trading loss in over a month as we head into Summer 2018 and I’ve had some truly awesome picks like buying SNES at .44 before it hit nearly $2/share the next day!  The best time to trade penny stocks during the summer is early on.

I’ve been studying the stock market nearly 20 years now and I’ve also been teaching for over 10 years not too!

And the funny thing is I used to take summers off since there can be some slower trading, but the last few years have been insane with plays galore! And the even better news is that because the best plays coming about less frequently, mixed in along with the lack of trading volume, summer trading can be VERY profitable for a short-period of time if you know the key indicators that matter vs. those that do not.

And so over the past few years I’ve successfully adapted to summer trading and I want you to adapt too so I’m giving a free webinar HERE on June 21st and if I were you I would register HERE for it ASAP as I think we’re limiting it to just 1,000 people…

Here’s a video I made today explaining a little bit more on this subject: Continue reading

10 Lessons From A New $200,000+ Penny Stock Profit

Penny Stock Profit

Several months ago my top student Tim Grittani wrote this blog post “How To Make $200,000 In One Day With Penny Stocks: A 3,000 Word Detailed Lesson” which is a MUST READ in itself, but it’s worth noting that was just a small step in his journey from him starting with just $1,500 of his own money and now turning it into now nearly $6.4 million with every trade detailed here

(as opposed to the far too many fakers who claim to be rich, but only show a few screenshots, NOT the good, bad AND ugly showing ALL trades publicly like ALL my top students do — don’t believe me? Go ahead and ask to see ALL trades, not just a few screenshots or total profits, of ANYONE who claims to be a self-made stock trading expert/millionaire, just wait until you hear the creative excuses you’ll encounter…aka it’s good to be real in an industry full of scammers/liars)

And that’s why I’m SO proud of Tim Grittani, not just for his awesome dedication to studying, adapting and becoming an even better/more complete trader, his continued humbleness, his helpfulness in the trading challenge chatroom along with the awesome webinars and study guides he’s created (hit me up here for a deal on his MUST WATCH study guide), the money he’s made is nice, but more importantly, he’s FULLY TRANSPARENT about his gains AND losses and some of the big risks he’s taken/learned from in the past and that’s a model more traders should follow as I see far too much dishonesty and editing of facts and that hurts not only progress/potential of the trader himself/herself, but also the entire trading community which has a rather nasty reputation right now due to all the liars. Continue reading

My Penny Stock Strategy: Trade Less and Profit More Using Easy Patterns

how-to-invest-in-penny-stocks-01

I’ve been trading penny stocks for almost 20 years and a lot has changed since I started. Naturally my strategy has evolved over time – and it has changed dramatically again, I’ll get more into that later.

Maybe you’ve heard the term “penny stocks,” but you’ve never really investigated it further. Perhaps your friends have discussed their investments in penny stocks over the watercooler, yet you didn’t have anything to add to the conversation.

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8 Ways To Trade Stocks With A Full Time Job

trading with a full time job

Trading With a Full Time Job

Most students who enter the Tim Sykes Trading Challenge are looking to make a change in their life and career and are trading with a full time job, however, some of them are currently working full time jobs, which can limit their time and energy for trading. At least in the beginning, it’s likely that they’ll need to juggle working full time with their new trading career as studying is FAR more important at the start than actually making trades…if you remember this great penny stock trader took 9 months before he became consistently profitable and that was just by studying and practicing every day…so it takes time to actually make enough income from trading to quit your job.

This begs the question: how do you pursue trading with a full time job? How do you make time for trading and studying while maintaining a good work ethic at your day job? Here, I’ll offer some helpful tips that will help you navigate what can be a challenging time of transition. Continue reading

How to Get Motivated Fast: 8 Effective Techniques

Get Motivated Fast

One of my newest millionaire trading challenge students named Steven found me on instagram because he liked my Lamborghini…that motivated him to study his butt off and now he’s made over $2 million and just bought himself a McLaren!

So, do you wonder how to get motivated to do the same, or even better? To be a great trader, you need to have a strong sense of self motivation. It’s what gives you the ability to stay committed to your goals and maintain the strenuous work load necessary to find success after soooooo much studying! However, it can be difficult to maintain motivation day in and day out and truthfully, even the highest-performing traders could use an inspirational boost from time to time…welcome to the purpose of mu account on this social network as it works like a charm for students galore! Continue reading

Do You Need Day Trading Classes?

Day Trading Classes

Do you need day trading classes to become a successful trader?

As I say this, I feel it’s important to be completely honest and disclose that I never had day trading classes when I was a new trader, I didn’t have a mentor, I didn’t have guidance, and I didn’t have lesson plans to follow. Eventually I did become a millionaire, but it was after many mistakes and much trial and error…I can say with 100% certainty that ALL of my top millionaire trading challenge students have had an easier/more enjoyable journey thanks to having been mentored by me and the community, learning lessons quicker and not having to be confused when something didn’t go as planned.

Today, I am a day trading teacher / mentor because I want to provide my millionaire students with the resources I never had, to be the mentor to my trading challenge students that I never had. Here, I’ll talk more about the benefits of day trading classes and how to decide whether or not they are for you.

What is a day trading class?

Simply put, a day trading class is a course of lessons which will help educate you so that you can confidently move toward a career as a day trader, getting you better prepared BEFORE you risk your hard-earned money and trying to get you to avoid being just another statistic as 90% of traders lose! In the Tim Sykes Trading Challenge, my lesson plans will not only educate you on the basics of trading, but progress into applicable, real-life approaches to trading with the key being to get you to plan every trade ahead of time and then executing your plan in real-time.

Why take a day trading class?

One of the biggest advantages of day trading is that you can do it from anywhere. Really, all you need is a brokerage account and an internet connection…my trading challenge students have an archive of 1,000+ online webinars to study and 2-4 new live webinars each week.

This is an advantage for many reasons. For one thing, it makes day trading accessible to just about anyone. For another, it allows flexibility in terms of scheduling and location as you can study these live and archived lessons from literally anywhere in the world that has an internet conenction!

As a budding day trader, a day trading class should offer the same benefits. The Tim Sykes Millionaire challenge offers this ease and flexibility. Don’t worry, you don’t need to load up a backpack and head to a classroom to take a day trading class. The lessons are available online so that you can tailor them to fit your own schedule.

Of course, this means that day trading classes aren’t necessarily going to hold your hand. You do have to have a certain level of self motivation and discipline to stick with your studies and get the most from them. These things are necessary to become a successful day trader anyway, though, so you might as well get in the habit.

Common misconceptions about day trading classes

“But I don’t need them”

Day trading can seem easy from the outside. Pick some stocks, make some trades, rake in the cash, right? But then, as they actually get started, they begin to see how tricky it can actually be….NEVER forget the stat that 90% of traders lose…you must do EVERYTHING you can to avoid being part of that massive group of losers!

While day trading doesn’t require an advanced degree, it does require a strong knowledge base. Many might think that you can gain that knowledge through experience. And yes, that is true. That is largely how I gained my prowess as a trader. But I also experienced a lot of mistakes and losses. Would you rather learn things the hard way? Or could it be easier to hasten your journey to success by learning some of these lessons without the prospect of having to learn the hard way and lose money? This can be a subjective thing. But personally, I’d rather gain some expertise before beginning to trade in earnest.

“They’re too expensive” 

People don’t want to spend money to become day traders. They want to earn money, right? So it may seem backwards to invest in day trading classes. However, it’s important to look at the big picture here as the cost of a lack of education is infinitely greater that that of a proper education.

While there are plenty of free resources about day trading available on the internet like my Pennystocking 101 E-Guide, that basic information should only act as a starting point for new traders. Resources like this can help you decide if you’re really interested in pursuing a career as a trader in earnest…watch this more in depth free penny stock trading guide too!

Then, there’s the argument that what you invest in a day trading class could save you money in the long run. Many of my students started out believing they didn’t need day trading classes or were unwilling to make the investment. Guess what? They got in the market and lost a ton of money. Then, they realized it would be worth their while to join the challenge and actually learn how trading works. So in a delayed way, they realized the investment was worthwhile. So, would you rather spend a little money now and prevent losses as you start trading? Or would you prefer to lose money?

“I don’t have enough time”

This is a common excuse–I mean reason–that I hear from people who are on the fence about taking day trading classes. Unfortunately, it’s total BS.

Everyone–and I mean everyone–can find more time for things that matter. There are so many ways to find more time. The thing is, it might mean letting go of some of your bad habits.

For instance, if you want to find more time for day trading classes, you can start waking up earlier. Most millionaires wake up early, anyway, so it’s a good habit to get into.

Alternately, you could ditch another bad habit like wasting time on Facebook or social media, or indulging in less binge watching Netflix.

If you want to become a day trader, it may require some sacrifice in terms of these creature comforts. But you really need to think about what you want more: success, or slacking?

What day trading classes can offer

What else can day trading classes offer to potential traders? Here are some of the benefits.

A strong foundation. In just about any endeavor, it’s important to create a strong foundation. It’s the building blocks for success. Taking a day trading class can help you build a strong foundation as a trader. When you learn from the bottom up, you’ll be more likely to remain strong and unshakable when faced with the challenges that day trading can (and will) throw your way.

Learn a number of trading methods. If you begin trading on your own, you’ll figure out certain methods of trading that work for you in time. However, if you take day trading classes, you’ll be exposed to more styles of trading than you might be otherwise. This will allow you to diversify your trading methods. For instance, maybe you might be more likely to try short selling once you’ve learned how it works. When you have mastery of a number of different trading methods, you’ll be far more nimble as a trader. You’ll also be better prepared to deal with shifts in the market.

Pattern identification. In my Millionaire Challenge, one of the biggest things I put emphasis on is pattern recognition. I truly believe that by learning to identify patterns with stocks, you can make the most educated trades and mitigate risk as much as possible. However, learning how to identify trading patterns takes time and targeted study. A day trading class can help you learn how to identify patterns more effectively and faster.

Mentorship. Having a mentor is like having a fast forward button on your trading career. You can learn a lot from someone who is further along in their career than you. They can teach you what they did right…and warn you about what they did wrong. Armed with this information, you can potentially sail past some common pitfalls for new traders. No, it’s still not going to be completely easy, but why make it harder than it needs to be? This is precisely what I strive to provide to my Millionaire students.

Accountability. Accountability is hugely important in terms of realizing your dreams. It’s a huge part of goal setting theory, of which I am a huge proponent. Without motivation, what is to keep you on the path as a day trader? Accountability from your mentor, your fellow students, and the goals that you’ve set for yourself can be a powerful motivator and keep you on track to gain success as a trader.

In conclusion…should you take day trading classes? Overall, these classes can offer many benefits for both newbie traders and those who have tried to go it alone and have found the process challenging. Day trading classes can help you streamline your learning curve and refine your trading methods so that you will be more prepared to deal with what the market sends your way.

Could you benefit from day trading classes? Leave a comment with your thoughts below, why or why not?

How To Buy The Best Penny Stocks

How To Buy Penny Stocks

How To Buy Penny Stocks

The biggest and most basic concept behind my teachings is how to buy penny stocks and yet, in spite of this fact, it’s one of the littlest-understood aspects of trading…people simply don’t take the time to watch this free penny stock trading guide or read this key penny stock trading book and it’s that lack of preparation that kills their chances at becoming my next self-sufficient trading challenge student!

Save 30-60% off on my Memorial Day Weekend sale HERE

Just today I revealed my latest millionaire trading challenge student who I interviewed in Miami just a few weeks ago and he’s worked his butt off studying and preparing and you’ll see that’s been his key to success: Continue reading

7 Resources To Study During This Long Holiday Weekend

resources to study

Resources To Study

This coming Monday the US stock market is closed in honor of Memorial Day and that means we have our annual Memorial Day blowout sale here, but also, more importantly, this time off from trading gives you more time to focus on resources to study and get prepared for when the next great penny stock play comes around as preparation is the key to ALL of my millionaire trading challenge students’ success…especially on weekends when most people are lazy and don’t want to put in any time to work.

So, I’ve put together a list of 7 great resources to study over the next few days and if you TRULY want to become my next millionaire trading challenge student I suggest you do them, no excuses whatsoever…and leave a comment under this blog post if you promise to do so as I will hold you to that promise!

(To those who say I’m too pushy, you’re damn right I am! 90%+ of traders lose money so you must do EVERYTHING you can to avoid being just another statistic…I will push hard work and education on you every single chance I get!) Continue reading