With literally thousands of stocks available, where can you find the best trade ideas? This is a common question for day traders, whether they are brand new or long established veterans…and my top trading challenge students and I know EXACTLY how to find them.
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)
Download a PDF version of this post as PDF.
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.
Download a PDF version of this post as PDF.
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
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
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.
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
A few days ago I wrote the post “Announcing Yet Another Millionaire Student” where I told people to guess who my next new trading challenge student was…it wasn’t very hard as anyone who follows me closely knows this great trader has been building up to seven-figures for several years now: Continue reading
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 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.
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