Category Archives: Basics

Why You Should Join My Millionaire Challenge

Join My Millionaire Challenge

It was a record profit day for my top trading challenge students and I today as crypto-currency and blockchain mania has thoroughly taken control of penny stocks and every day the past few weeks there are not one, not two, not three, but anywhere from half a dozen all the way to a dozen stocks up 50%, 100%, 200%, even 500-1,000% on the day! Check out this little video recap I made today:

To say its gotten insane lately is an understatement…and to maximize your profits, you must be prepared and my trading challenge is the single best educational resource for anyone interested in learning how to trade penny stocks. Continue reading

5 Reasons Why You’re Not Reaching Your Financial Goals

Reaching Your Financial Goals

It’s a NEW Year and you should focus on achieving your financial New Year’s Resolutions as I outlined in the blog post “7 New Year’s Trading Resolutions” because I want this year to be the year in which you actually reaching your financial goals!

Usually, when traders are not meeting or reaching their financial goals, and NOT becoming my next millionaire trading challenge student, there are some simple and easy to explain reasons why. That fact may be hard to swallow, but it’s the truth. This post will detail five common reasons why traders aren’t realizing their full financial potential, and offers tips for how to reverse this negative trend.

1. You don’t have goals. What are your goals? If this question is being met with crickets chirping in the silence, that’s a problem. Chances are, your lack of goals is playing a big part in why your financial dreams aren’t coming true.

To be able to attain your financial goals (and any goals, really), you first need to have goals. So what are your goals? This should be unique to you, and not based on things you think you “should” want. Watch this video I made to start 2017 as it’s just as applicable now in 2018: Continue reading

10 Unexpected Penny Stock Trading Benefits

Penny Stock Trading Benefits

Life is not only about becoming my next millionaire trading challenge student, there are a ton of penny stock trading benefits.

While a lot of investors love to hate on penny stocks, and on the surface, it’s not hard to see why since the stocks themselves trade for infinitesimal amounts of money and the market is not highly regulated, and can be volatile…I am here to tell you that penny stocks should not be ignored or underestimated. While they trade for small amounts per share, penny stocks can reap you big rewards when you learn the right trading techniques, which I teach my students in the Tim Sykes Millionaire Challenge. Below, I will detail just a few of the many benefits of trading penny stocks that you may not have considered. Continue reading

How To Protect Against Big Stock Market Losses

stock market losses

Stock Market Losses

I want more millionaire trading challenge students to avoid stock market losses and to accomplish this I NEED to get you thinking and trading the way millionaire traders do…and remember, I do have some knowledge in this field since I started with a few thousand dollars and turned it into 7-figures, years before I’ve now mentored SEVERAL of my millionaire trading challenge students to do the same (be careful learning from any non-millionaire trader who doesn’t show EVERY trade publicly, they’re usually full of crap, or worse, don’t teach good trading rules and you only realize it after you lose big aka when it’s too late)

So instead of just focusing solely on profitable trades, learn to analyze the market as a whole…not necessarily the entire stock market — this isn’t right-35%-of-the-time-CNBC — but analyzing sectors that are in play as a whole…like the weed stock sector…and protecting yourself when sector momentum turns against you.

If you ever fall in love with this sector, or any sector, please remember to read this article, and when the momentum shifts, learn to protect yourself and cut losses fast just like I outline in this must watch video lesson (which we have also transcribed below for my valued deaf trading challenge students!): Continue reading

When To Dip Buy vs. Not Dip Buy

when to dip buy

When To Dip Buy vs. Not Dip Buy

 

It’s fitting that my last blog post of 2017 be about when to dip buy since it has been far and away my most successful strategy of 201…watch 400+ video lesson on dip buys here and also read this MUST READ blog post “Try This Every Morning And You’ll Make Money” to learn how to best dip buy panics so you can be FULLY prepared for when they come about.

URGENT: Grab this 30-70% off holiday sale and here too ASAP

Continue reading

7 New Year’s Trading Resolutions

trading resolutions

Trading Resolutions

Traditional New Year’s resolutions, like losing weight, exercising more and spending more time with family are all well and good, but they’re not necessarily going to make you rich. Instead of (or if you’re really ambitious, in addition to) traditional resolutions, focus on your trading career. Make improving yourself as a trader your number one priority in the New Year.

At a loss for what some good trading resolutions could be for the year ahead? Here are some ideas for how you can vow to improve your trading trajectory in the new year. These resolutions are accessible and reasonable for traders at all levels, and will help you make amazing progress.

URGENT: Grab this 30-70% off holiday sale and here too ASAP

1. Learn everything about penny stocks. Make this the year that you learn the ins and outs of trading penny stocks. While it’s important to learn the basics, you can’t just memorize a few key trading terms and call it good. You really need to immerse yourself in penny stocks and learn to understand them.

The fact is, you’ll always have to continue learning about penny stocks as you go. However, there are certain basics about how to trade penny stocks that will serve you your entire career long. By mastering these basics, you’ll be doing your career–and your bottom line–a solid. My free e-guide to how to trade penny stocks is a great (and free) resource to start with.

2. Get serious about your trading career. Maybe you got curious about trading penny stocks in the past year or so. Make this year a year of action by getting in the game.

The Tim Sykes Millionaire Challenge is exactly the vehicle that can take you from penny stock basics to actually trading. Created to fill in a huge gap in the trading world, my Millionaire trading challenge is designed to help you progress from learning the basics to applying them in an actionable, real-world way. If you want to make day trading a reality, make joining my millionaire trading challenge one of your New Year’s trading resolutions.

3. Get in touch with your goals. This is an enjoyable resolution to make. To really ramp up your trading career. resolve to get in touch with your goals on a regular basis. Yes, in a way this means that you have permission to daydream.

By remaining closely in touch with your goals, you’ll remain in touch with your motivation. So on a daily or weekly basis, check in with yourself. Remind yourself of what your goals are, and adjust as needed when your desires shift or if you feel like you need to break them into more bite sized portions. By frequently getting in touch with your goals, you’ll be more likely to remain hungry for success.

4. Study every day. If you really want to get serious as a day trader and begin making serious money, make a New Year’s trading resolution to study every day.

Studying to the point of obsessiveness is the difference between traders who thrive…and those who don’t survive. It’s the truth: as many as 90 percent of day traders fail. To a large degree, this is because many people aren’t willing to put in the work necessary to succeed. Make a resolution to study every single day. Monitor charts, do research, listen to podcasts, and watch my DVDs. It will make a difference.

5. Create a network. If you don’t have a great network, make this one of your New Year’s trading resolutions. Any great trader will tell you that they are only as good as the people who surround them. So who surrounds you?

Ideally, your network will include plenty of trading peers. Maybe this is other students who are part of the Tim Sykes Million Challenge Team. But fellow traders shouldn’t be the sum total of your network. It also should include a mentor or guide who is further along in their career than you. Additionally, it should include your family and friends. Even if they don’t understand what you do, they can still be supportive to you on your path.

6. Make productive mistakes. To resolve to not make mistakes would be stupid. It’s simply not possible. There are too many variables when trading penny stocks. Even well established and rich and successful traders still make mistakes.

However, you can make it one of your New Year’s trading resolutions to make your mistakes productive. What does this mean? It means that when you make a mistake, you take a time out and consider what you did wrong and what you could have done differently. And then, you use this information so that moving forward, you don’t make the mistake again. I see traders making the same stupid mistakes over and over, and it’s simply because they don’t have the self awareness to realize it. It can be hard to self analyze, but it can pay off big time in your long term success.

7. Become a better trader. Don’t dream it, be it. If you want to become a better trader, an important first step is resolving to do so. Make a firm decision to improve your trading. Then, figure out how to do it.

Many of the tips or New Year’s trading resolutions already listed will help you become a better trader. But you can really seal the deal by making a specific resolution to become a better and higher-grossing trader. Setting your sights on success as a specific goal is one of the best ways to make your financial dreams a reality.

If you want to make this the year that you become a millionaire, then you’ve got to take specific steps to work toward that goal. Setting New Year’s trading resolutions and sticking to them will work wonders in terms of getting you where you want to go.

Where do you want take your trading in 2018, leave a comment stating your goals and then work every day to actually achieve them!

8 Common Penny Stock Trading Mistakes

Common Penny Stock Trading Mistakes

URGENT: Grab this 30-70% off holiday sale ASAP

Common Penny Stock Trading Mistakes

Common penny stock trading mistakes happen all the time. Trading penny stocks is accessible to traders at any level. However, that isn’t to say it’s always easy.

There are plenty of things that can go wrong while trading penny stocks so below I’ll go over some common mistakes that people make and offer some tips on how to avoid them in your career. Continue reading

6 Lesson On How My Top Students Are Earning Six Figures

earning six figures

Earning Six Figures

It’s been a CRAZY few months lately as the US stock market has been on fire and more of my trading challenge students have been earning six and seven figures within a few years, but now they’re making six and seven figure profits all within a few weeks and months!

Download the key points of this post as PDF.

I know that sounds crazy, but it’s true and you need to be aware of all this opportunity as I want more Millionaire trading challenge students, so it’s good to learn from what’s working best right now. Continue reading

How Can Penny Stocks Make You Rich?

can penny stocks make you rich

How Can Penny Stocks Make You Rich?

First, I’m getting a ton of questions about this Thanksgiving Sale…it goes ONLY until the end of the month so you have 4 days to save 30-70% off on this blowout sale

Second, I’ll announce the winner of my Bitcoin giveaway tomorrow and be thankful that I’m so behind on everything since the value of Bitcoin has risen from $6,000 to $9,600 at the time of this blog post, so I really will be giving away roughly $10,000 to one lucky individual so stay tuned.

Download the key points of this post as PDF.

Third, my top Millionaire trading challenge students and I will be on Bravo’s “Below Deck” this coming Tuesday night, November 28th, 9pm EST so tune in as it should be an interesting episode 🙂

Fourth, the stock market is SO insane right now, be sure to watch out for my subscriber watchlist later tonight, it’s JAM PACKED with so many hot plays for tomorrow! Continue reading