Millionaire Mentor Update: Rockin’ it Down Under

Hey everyone — still rockin’ it Down Under and I have some great news.

In last week’s update I told you a little about Karmagawa’s determination to take action to save the Great Barrier Reef.

This week I’ve been going to different charities involved with saving the reef here in Australia. Every day. Bringing the team with me.

We just donated $50,000 to Great Barrier Reef Legacy. We’re buying them a new boat so they can conduct more and better studies of the Great Barrier Reef. I was so happy to announce this to Dr. Dean Miller and his team. Check out this short video on Instagram:

 

View this post on Instagram

 

I’m SO proud of our new @savethereef project and I’m excited to announce a $50,000 donation from @karmagawa to the great charity @gbrlegacy to help them buy a new boat to further their studies of the #greatbarrierreef as there is a MASSIVE problem with the #coralreef here and all over the world with 30-40% destroyed already, 70% expected to disappear by 2030 and 90% destruction estimated by 2050! Go follow @savethereef because while it’s definitely a sad situation, the cool thing is that #coralreefs can regenerate very quickly and if we change our habits just a little bit, it will go a long way in helping #savethereef so it’s up to us to do a better job in protecting our world’s natural resources. Most people think the reef doesn’t really apply to them (I used to think that too), but they’re wrong as 50-85% of the world’s oxygen is produced by marine life which needs the reef to survive…oh yes, it’s not just trees that help us breathe, reefs all over the world aka “rainforests of the sea” are ESSENTIAL to our existence and I’ve been learning SO MUCH about this problem this past week and I’m excited to share it all with you soon! We’re working on a massive new @karmagawa documentary that I’m going to need your help sharing on social media so every last person can better understand this issue…together we are going to change this world for the better for our children and our children’s children! #edjewcation

A post shared by Timothy Sykes (@timothysykes) on Mar 3, 2019 at 12:33pm PST

This is really important work and we’re super proud to support them. One of the things we’re doing is a documentary focused on reef decline. So we’ve had a camera crew following their team for several days. The documentary is due for release in June.

You can read a little more about the research boat our donation will buy in this article on Newsport Daily. There’s also a little about the documentary there. Read it and be prepared to share on social when it’s released in June.

Which brings me to this — and I’m not saying this to brag — but to give you an idea how powerful you are …

The impact we — you, me, and all the people we engage with — can have through social media is massive. Our move to support GBR Legacy gives them exposure that would be otherwise difficult to get.

You can have impact like this as well.

How? Take action. Take action by spreading the word: liking, re-tweeting and sharing. You can take action on your own future by applying for the Trading Challenge. Then, as you learn and grow, you can have greater financial impact as well.

In the meantime, show some love over at Karmagawa. Buy a hat or a shirt. Buy something. We give 80% of everything to charities. And they’re all worthy.

We help build schools with Pencils of Promise. We contribute to the Houston Food Bank. We help the homeless by supporting PATH. Karmagawa gives cash and much needed exposure to some great charities. And their causes. Please, please, support us.

Put Your Money Where Your Mouth Is, Tim

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I’m happy to announce we didn’t only give to GBR Legacy. Saving the reef is too important. With that in mind, Karmagawa also donated $25,000 to the Reef Restoration Foundation.

Check it out, this is awesome. Special thanks to Brother Nature for making the announcement on this one …

 

View this post on Instagram

 

We’re SO excited to announce a $25,000 donation to @reef_restoration_foundation because this charity just got their permits to start planting corals that can regenerate and multiply quicker than most people realize which goes a long way in helping save the reef which too many people think is a lost cause…it’s NOT a lost cause and the battle is just beginning! You can also help by also donating to this great charity @reef_restoration_foundation and adopt your own coral which they will plant and send you a certificate for! Thanks to our great team @kelv @mylifeaseva @therealtarzann @elisha__h @reneeherbert_ @mia_fitness @imoetivate @jeffvanags @mackladner for coming all the way to the #greatbarrierreef here in #australia and learning all about these corals and why they’re so important! #savethereef

A post shared by SaveTheReef (@savethereef) on Mar 4, 2019 at 6:31pm PST

The Reef Restoration Foundation takes cuttings of healthy coral. Then, they attach them to coral tree frames in an ocean-based coral nursery. Finally, they replant the new corals on the damaged reef. And it works!

The coral tree frames accelerate growth. The process enables the reefs to recover from damage faster. You can become a Coral Crusader when you adopt a coral on their website. Do it. Then share it. Share it with me and I’ll get it re-tweeted and shared on Insta.

Let’s do this!

Remember, 50-80% of the world’s oxygen comes from the oceans. And coral reefs are a huge part of that. More people realize this every day. More people take action every day.  Join us in our fight to save the Great Barrier Reef.

Onward.

To trading. Yes, I’ve been trading. As always …

Working the Graveyard Shift

I’ve been making small trades this week. Let me just say this …

… it is really tough trading from Australia. The U.S. market opens at 12:30 a.m. in Australia and stays open until 7:00 a.m.

If you’ve been following me you know I make most of my trades (not all, just most) within the first and last hour of trading. Which means I’m up all night or catching short naps here and there. It’s brutal.

Low Priced Stocks Are Killing It

These really low-priced stocks are killing it right now. A lot of my top plays are stocks trading under a dollar or two per share. As always, if you’re prepared you can adapt to what’s hot. That’s why I continue to implore you to study, study, and study some more.

My Best Trade of the Week: AppSwarm Inc. (OTCPK: SWRM)

I bought this low priced OTC runner breaking out of a multi-month (and intraday) base. Like I said above, low priced stocks are killing it right now. My entry price was $0.028 with a goal of making 10-20%. It had a really nice breakout into the low $0.03s.

Here’s the chart:

This was a solid Friday runner. In case you don’t know, Fridays are a special day when it comes to trading. I like morning spikes and I tend to trade more aggressively on Friday mornings. This one was in the afternoon, but it fit nicely with what experience has taught me.

I hit my goal with a 14.29%** win on a position of 500,000 shares. That adds up to $1,985 profit** on a pattern I know from experience. I’ve made my peace with this pattern. Thanks to experience I have no problem cutting my losses quickly if things go wrong.

To better understand what I mean, check out this video on Friday Morning Spikes:

The SWRM trade happened at about 5:00 a.m. here in Australia. I trade to teach — so I do it for my students. I’m grateful for my students and the opportunity. Even if it is at 5:00 a.m.!

Now some love for my students …

Go, Jackaroo!

Trading Challenge student Jackaroo passed a significant milestone last week. I can’t give you the figure because my [descriptive phrase muttered with smirk on face] lawyers won’t let me quote unverified dollar amounts. They really do look after you and me.

But I can give you a link. So go check out Jackaroo’s awesome achievement here. Way to go Jack!

Watch this video Jackaroo made last month about what’s working now. It goes to show how much Trading Challenge students give back to our trading community. He’s killing it. And he’s completely transparent about both the good and the bad in his trading.

What My Students Are Sharing on Twitter

They’re just going crazy. I mean that in a good way. I’ve been trying to keep up with everyone, re-tweet their success stories, and just share the love. I encourage you to scroll through my Twitter feed. Give some likes to every success story shared there. Lot’s of great examples of taking singles instead of swinging for the home run and striking out.

One more thing before I get to the question of the week. There must be something in the water in the Midwest. Jackaroo is from the Midwest, Grittani is from the Midwest, Dominic is from the Midwest. It’s like the Midwest is breeding penny stock phenoms or something.

Not to say you have to live in the Midwest, of course. I’m not from there. Just wanna give a shout out to all you Midwest students who are clearly working your tails off. Midwest in ‘da house!

Which brings me to the last thing on the agenda for this post …

Question of the Week

When dip buying into morning panics, do you always look at historical support levels to determine entry price?

You look at historical support but you’re also aware that sometimes, in true morning panics, it just doesn’t matter. When there’s enough ‘sells’ — maximum panic — people aren’t really thinking about support. Especially when it all happens in a few seconds or a few minutes.

So it’s good for you to recognize where the key support may be. But it’s more important that you try to understand where max panic is gonna be. And if you can look at the Level 2 to see the kind of ‘turn’ — that helps. For those who don’t know, Level 2 is like the ‘order book’ for stocks when you’re trading.

I highly recommend using StocksToTrade. (Yes, I helped develop it. And yes, I use it every day.) STT has Level 2 data as an option. If you’re serious about getting the freedom of a laptop lifestyle, StocksToTrade is a no-brainer. It’s the one stock screener to rule them all …

Back to the question …

Often times, a stock might break through past support. So a lot of you might be saying, “OMG, it’s a falling knife. It could go forever.” But it’s important to look at how does it break through past support?

Does it break through convincingly — where it looks like there’s no bottom in sight? Or does it break through past support just by a little bit and some new support looks to be forming just below that? This is not an exact science.

So you always have to be thinking about, you know, ranges for support rather than exact numbers. I think a lot of people get confused when an exact number might break through — whether it be breakout or breakdown — and they miss the zone. Like I said, it’s not an exact science. If you try to make it exact, you’ll get caught out.

Millionaire Mentor Market Wrap

That, my friends, is another week in the books. I hope you enjoy reading these updates as much as I enjoy writing them. Are you ready step into your dreams? Better apply for the Trading Challenge. Do it.

Are you a trader? What can you use from this post? Are you new to trading? How are you inspired by these updates? Comment below and be sure to share on social.